Day: November 14, 2018

Ethereum a Few Years from ‘Profound Decentralization’: Co-Founder Lubin

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Twitter Facebook LinkedIn Blockchain technology will power a monumental shift in society from a “scarcity to an abundance mindset.” These were the words of Ethereum co-founder Joseph Lubin speaking last week at the Web Summit in Lisbon, Portugal. Lubin’s Blockchain Impact Theory Delivering his keynote address at the event, Lubin, who is also the co-founder of Ethereum development startup ConsenSys, stated that Ethereum is likely to play a key role in the redevelopment of the internet as a fully decentralised ecosystem. In Lubin’s opinion, the continued growth of blockchain technology will…

IOT/USD Likely to Expand to 90 cents as LTC/USD Wilt

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With interstellar, blockchain air drop, BancorX and recent Bosch device development, the altcoin ecosystem is vibrant. But, this is yet to translate to meaningful gains. As a matter of fact, LTC/USD could print $30 by the end of the month in stark contrast with smart contracting and IoT platforms as ADA/USD and IOT/USD. Both are steady and trading within a bull breakout pattern that could lift their valuation higher as buyers aim at 12 cents and 60 cents respectively. Let’s have a look at these charts: EOS/USD Price Analysis Thanks…

XRP/USD Reject Lower Lows, Short Term Targets at 80 Cents

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Latest Ripple News Aside from EOS and Stellar Lumens which are recent inventions, it still beat logic that CoinBase is yet to list XRP. While it is understandable that CoinBase can practice their discretion and list any coin that adheres to their listing framework, XRP is a liquid asset and far more than just being a tradable instrument. The coin is a real utility that banks can use to move funds across the world. As it fashion itself as superior alternative to SWIFT—a global payment system that has been in…

BTC/USD Breakout above Resistance Trend Line, Buyers aim $7,200

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Latest Bitcoin News Thing is, Bitcoin is just more than a medium of exchange. In 10 short years, the world’s most valuable coin has evolved from being a Cypherpunk thing to a medium of exchange and now it is a solid store of value. It has been so thanks to last year’s super rally. Bitcoin position as a store of value has been also been strengthened by hyperinflation in countries as Venezuela and embargoes on countries as Iran. Also Read: Marc Andreessen: Bitcoin Is a “Very Important Idea” In Venezuela,…

Judge Rules in Favor of Canadian Bank in Dispute With Crypto Exchange

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A $19.6 million disputed sum between Canada’s largest crypto exchange QuadrigaCX and the Canadian Imperial Bank of Commerce (CIBC) has been handed into the custody of the Ontario Superior Court, per a court document filed Nov. 9. On Oct. 8, Canadian newspaper the Globe and Mail reported that Vancouver-based QuadrigaCX had been experiencing difficulties accessing $16.3 million of its funds since January, when CIBC froze five accounts belonging to the exchange’s payment processor, Costodian Inc., and its owner, Jose Reyes. The bank purportedly froze the accounts due to an inability…

Bitcoin.de Crypto Exchange Operator to Acquire 100% of Investment Bank Tremmel

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German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, Cointelegraph auf Deutsch reports today, Nov. 13. Bitcoin Group SE, based in Herford, Germany, operates what is reportedly the country’s only regulated crypto exchange, Bitcoin Deutschland AG, also referred to by its domain, Bitcoin.de. Upon acquisition of the banking institution, which according to its website focuses on securities trading, the crypto holding will in turn obtain the use of Tremmel’s banking license. As a press release from Bitcoin Group SE states, the…

Nvidia to See Q3 Strong Earnings, Crypto-Related GPU Sales Remain in Downtrend

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Experts from analytical firm Trefis have forecasted increased sales of Nvidia’s graphics processing units (GPUs) at the end of the third quarter (Q3) of this year, Forbes reported Nov. 13. Trefis notes that, while overall GPU sales will be up, sales from cryptocurrency-related activities will remain in a downtrend. American GPU manufacturer Nvidia is purportedly set to release its Q3 results on Nov. 15, and Trefis experts have predicted an earnings growth by slightly over 20 percent on a year-on-year basis. Revenues will primarily be driven by Nvidia’s gaming GPUs,…