Day: November 9, 2018

Bitcoin Trailblazer Jeff Garzik Says Bitcoin ‘Unquestionably a Success’ as Store of Value

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Bitcoin (BTC) pioneer Jeff Garzik has said that while the leading cryptocurrency may not have evolved into a means of payment as he first envisaged, it is still “unquestionably a success” as a store of value, in an interview with Bloomberg Nov. 9.    Speaking soon after Bitcoin’s 10th anniversary, Garzik – reportedly the “third-biggest contributor” to Bitcoin’s code and one of Bitcoin creator Satoshi Nakamoto’s key collaborators – told the publication: “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very…

Bitstamp Rolls Out A Partnership Deal With Cinnober To Enhance Its Crypto Trading

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Bitstamp has taken a different path to ensure it remains relevant in the cryptocurrency marketplace. The European cryptocurrency exchange operator has inked a partnership deal with Cinnober in its endeavor to enhance its in-house developed matching engine. The technology solutions provider for the finance industry will bring on board its TRADExpress Trading System. The adoption of customized software by Bitstamp is a big milestone according to its CEO Nejc Kodrič. He says, “Our matching engine will be on par with traditional exchanges in both speed and throughput, once again placing…

Bitcoin Cash Sides Clash as Hard Fork Looms

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Ongoing drama surrounding the upcoming Bitcoin Cash (BCH) hard fork struck a personal note with the coin’s best-known figures Nov. 8, as Craig Wright evidently called Roger Ver his “enemy.” The hard fork, scheduled for Nov. 15, will likely see BCH split into two rival chains: Bitcoin Cash ABC, favored by Ver, and Bitcoin Cash SV, authored by Wright’s nChain. The split comes as a result of Ver and Wright, among other figures attached to BCH, disagreeing over the coin’s future, with those disagreements becoming increasingly public and strongly-worded in…

Bancor (BNT) Launches A Cross-Blockchain Liquidity Network For Ethereum And EOS Based Assets

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Bancor (BNT) has announced that its BancorX network – supporting instant conversion of 110+ ERC20 and EOS-based tokens – has gone live. A section of the announcement published on the company’s blog read, “As BancorX goes live and the first BNTs flow from ETH to EOS and back again, Bancor will aim to remove friction, unify the user experience and ensure the system’s continued decentralization and utility.” Bancor X mechanism The platform eliminates the hassle of having to use a third party exchange platform that would rely on traditional order-matching…

Designs For Blockchain Haven To Be Built At The Deserts Of Nevada

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Jeffrey Berns, the self-made cryptocurrency millionare and a former legal warrior is betting big on blockchain technology and cryptocurrency. The owner of Blockchain LLC, has already released futuristic designs for the “blockchain-utopia” he plans to develop in the deserts of Nevada come 2019. The Vision As earlier reported, Blockchain LLC has purchased 67,000 acres of undeveloped land in the Nevada desert for $170 million. The theoritical community will run on blockchain technology and transact with cryptocurrency. Resident’s ownership and voting rights will be stored in digital wallets. Berns envisions a…

WISeKey Announces Release of WISePhone, the First Ever Secure Android Blockchain Phone with Cryptocurrency Payment Capabilities

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ADVERTISEMENTS WISeKey International Holding Ltd, a leading cybersecurity and IoT company, announced the release of WISePhone, a secure Blockchain mobile Android phone like any other, with all the same functionalities, but with an additional locked area. WISeKey’s Telecommunication Services Provider status under OFCOM, the Swiss Federal Office of Communications, allows the company to deploy mobile phone voice encryption solutions. WISePhone integrates WISeKey’s innovative hardware and software technologies bringing to market the first and only smartphone powered by WISeCoin cryptocurrency Blockchain technology. WISePhone  will also include a native Wallet that will be…

Japanese Firm Launches Blockchain Security Monitoring Tool

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Tokyo-based NRI SecureTechnologies has launched a new tool to detect security problems in blockchain-powered applications. The new tool, dubbed the Blockchain Security Monitoring Service, is designed to detect and report security vulnerabilities in information systems and services that use blockchain technology. The first use will be as a monitoring service for smart contracts on Ethereum. Blockchain Security Monitoring Tool The blockchain security monitoring tool is implemented by introducing multiple scan tools in the security log monitoring service NeoSOC, which monitors the behavior of targeted smart contracts and notifies the company…

Seagate, IBM to Use Blockchain to Fight Hard Drive Counterfeiting

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Data storage firm Seagate Technology plc (NASDAQ: STX) and IBM (NYSE: IBM) have formed a partnership to use blockchain technology to fight product counterfeiting. Built using the IBM Blockchain Platform, the solution will help manufacturers, integrators, and business partners fight counterfeit hard drives. It will authenticate the provenance of disk drive products, offering a new level of multi-layered security protection to the data management industry. According to the International Anti-Counterfeiting Coalition, global trade in counterfeit and pirated electronic products has reached more than $1.7 trillion in value. New Blockchain Platform…

$6 Billion Wiped Out of Crypto Market in 48 Hours: Where to Next?

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Twitter Facebook LinkedIn Over the last 48 hours, since November 7, the global crypto market has lost $6 billion of its valuation as it dropped from $220 billion to $214 billion, while Bitcoin remained stable. On November 6, major cryptocurrencies including Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Stellar (XLM), and Cardano (ADA) recorded large gains in the range of 5 to 30 percent, as BCH surged by around 40 percent within a two-day span. Subsequent to demonstrating a significant increase in value, most major cryptocurrencies retraced, which was expected…

Thailand to Legitimize First ICO ‘Portal’ via New Regulation, Says SEC Head

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Thailand’s securities regulator will clear “at least one” Initial Coin Offering (ICO) “portal” to operate legally in November, local daily news outlet Bangkok Post reported Nov. 8. Speaking to the publication, Rapee Sucharitakul, secretary general of the Thai Securities and Exchange Commission (SEC) said that ICOs themselves could also start seeing official approval to serve Thai markets as soon as December. “At least one ICO portal will be certified in November, then we can approve each ICO offering, which might start in December,” he said. The confirmation marks the closing…