Day: November 8, 2018

Best 101 Bitcoin Facts [Infografic]

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Once Bitcoin was known only for a very narrow circle of people, but now practically everyone is talking about it (maybe not using but talking for sure). This digital currency  was created in 2009 on the base of a decentralized network of nodes by a mysterious person (or a group of people) known as Satoshi Nakamoto who preferred to stay anonymous. Bitcoin was launched to function as a simple currency like the euro or the dollar. For several years, experts and enthusiasts have been arguing whether this kind of digital assets…

Lykke Partners Nxchange; to provide a platform for trading digital assets

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Since initial coin offerings (ICOs) have become too controversial for mainstream investors, the crypto sector has come up with new offerings. These are security token offerings (STO). The difference between an STO and an ICO is simply regulations. In this view, Lykke partners Nxchange will launch Europe’s first trading platform for the digital assets. An official statement reveals that the partnership will establish a fully compliant tokenized securities exchange. This will be the first facility of its kind in a time that most of the world is still unsure about…

IBM and Seagate Launch Blockchain-Based System to Fight Counterfeit Hard Drives

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IBM and data storage firm Seagate have announced a joint initiative to fight counterfeit hard drives using blockchain technology, according to a press release shared with Cointelegraph Nov. 8. The project will reportedly use IBM’s Blockchain Platform to help manufacturers, integrators, and business partners better authenticate the provenance of hard disk drives. IBM and Seagate’s solution will work by updating the IBM Blockchain Platform on the IBM Cloud with product authentication data based on Seagate’s security solution Seagate Secure Electronic ID (eID), the latter of which creates a unique identifier…

Russian Stablecoin Would Be Equivalent to Fiat Ruble in ‘Digital Space’

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The chairman of Russia’s State Duma Committee on Financial Markets has said that a state-backed stablecoin would be a complete equivalent to the Russian fiat ruble in a digital space, state-operated Russian news agency RIA Novosti reported Nov. 7. Chairman Anatoly Aksakov said that the “crypto ruble,” which may appear after the adoption of laws regulating the cryptocurrency industry in Russia, would be “the same ruble, just in encrypted form.” The State Duma chairman explained that it would be possible to change the Russian stablecoin for the equivalent in fiat…

Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel

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Bitcoin is painting a less bullish picture than 24 hours ago, following a drop out of an ascending price channel. Stepping back, the leading cryptocurrency picked up a strong bid at $6,200 on Oct. 31, keeping the crucial 21-month EMA support intact. Further, it witnessed a symmetrical triangle breakout earlier this week, suggesting that bulls had come out victorious in a tug of war with the bears. The breakout had looked legitimate as the technical indicators turned increasingly bullish. In particular, the relative strength index rose to a three-month high…

Japanese Cybersecurity Group Debuts Blockchain Scan Tool, Partners With ConsenSys Diligence

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A cybersecurity subsidiary of Japan’s Nomura Research Institute (NRI) unveiled a new blockchain security alert tool in a press release Nov. 8, also confirming a partnership with U.S. blockchain software company ConsenSys. With the tool, dubbed the “Blockchain Security Monitoring Service,” NRI SecureTechnologies (NRI ST) said it aimed to increase security in blockchain implementations, informing operators about “vulnerabilities.” The solution’s first outing will target smart contract weaknesses, the release says, while at the same time NRI ST will work with ConsenSys’ Diligence team on expanding its security offering. Last week,…

Crypto Myth Busting, By Katie Haun

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Crypto Myth Busting, By Katie Haun November 8, 2018 by Paul de Havilland Katie Haun has ventured on the treacherous path of crypto myth busting in a September 2018 debate in Mexico City with crypto skeptic Paul Krugman called the “Let’s Settle This” debate. Given the towering figure that was her opponent, Haun faced a daunting task. Also read: Silence Prompts Fears CoinEx and ViaBTC CEO Haipo Yang Is Under Arrest in China Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Crypto Myth Busting–it Really Is Time…

How’s This for Starters? App to Offer ‘Generous’ Discounts and Loyalty Schemes for Diners

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Food’s a necessity for all of us – and as a result, you’d think that the restaurant industry would be one of the most resilient on the planet. But although overall revenues are set to grow in the coming years in Europe, the Middle East and the Americas, it’s not going to be a money-making story for everyone. Competition is on the rise – and in some cases, casual dining is facing a crisis. In the UK, an estimated eight restaurants, pubs and bars closed every day from June 2017…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Near Key Support

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Key Points Bitcoin cash price traded as high as $637 and later corrected lower against the US Dollar. There was a break below a key bullish trend line with support at $605 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major support at $575 and the 100 hourly simple moving average. Bitcoin cash price started a downside correction from the $640 swing high against the US Dollar. BCH/USD is currently consolidating near $575 and it could bounce back. Bitcoin…

Law Firm Perkins Coie Adds Ex-CFTC Counsel to Dedicated Crypto, Blockchain Group

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U.S. international law firm Perkins Coie (PC) announced it had hired a former counsel for the country’s commodities regulator to work in its blockchain practice in a press release Nov. 6. Kari Larsen, who previously worked at the Division of Enforcement of the Commodity Futures Trading Commission (CFTC), will now be based at PC’s Blockchain Technology & Digital Currency industry group. The group originally formed in 2013, with PC keen to gain an understanding of the complex legal landscape which continues to evolve around cryptocurrency and related tokens in the…