Day: November 15, 2018

After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum

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Thursday, Nov. 15: yesterday’s fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from CoinMarketCap. After an extended period of low price volatility, crypto markets experienced a massive decline yesterday, Nov. 14, with Bitcoin dropping from its average trading price of around $6,400 to as low as $5,506. The recent dive has marked a new volatility record for markets this year. According to BitMEX Daily Historical Bitcoin Volatility Index, Bitcoin volatility rate…

IMMO Has Denied Rumors of Collaboration With the Rothschilds, and That Is Why We Are Now Surer Than Ever

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As reported by multiple media sources, an IMMO High1000 Evangelist, Gabriel Brack, has dispelled rumors about the involvement of the Rothschilds in creating the reserve cryptocurrency project – IMMO. Brack stated that the involvement of the Rothschild family in the creation of IMMO is purely speculative. Meaning that the intricate tangle of myths and theories, in which the media has confused IMMO, seems to have been unraveled. However, Gabriel Brack’s denial of communication with the Rothschild family only confirms these suspicions, as Brack has more than 10 years experience as…

France to allow ICO but with a special twist

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In the era of digital currencies, countries around the globe have a few options. They can choose to completely prohibit crypto or watch from a distance or expand their laws to accommodate them. But France has incorporated a twist to the third option before it can allow ICO affiliated firms to operate in the country. The twist? It will only allow ICO affiliated firms to do business in the country only if they agree to be regulated. “If coin issuers sign up to regulation, the French argue they will be…

European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis’

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Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15. Coeure reportedly made his acid remarks at the Bank for International Settlements (BIS) in Basel. The BIS’ general manager Augustín Carstens has likewise previously made a spate of crypto-skeptical remarks, notably characterizing Bitcoin as a “combination of a bubble, a Ponzi scheme and an environmental disaster.” Explicitly recalling Carstens’ characterization, Coeure framed his criticisms of the ten year old innovation with a…

U.S. Air Force to Use Blockchain to Manage Logistics, Supply Chain

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SIMBA Chain SIMBA Chain, a cloud-based blockchain-as-a-service platform, has been granted a contract to help the U.S. Air Force improve its logistics and supply chain capabilities using blockchain technology. The Air Force has a highly-complex logistics and supply chain network, moving millions of parts around the world. They are exploring how blockchain can help them to better manage logistics and supply chain management activities. SIMBA Chain Blockchain Platform The Air Force will be using SIMBA Chain to securely scale its manufacturing supply chain, following a call put out earlier this…

Sberbank CEO Says Industrial Scale Blockchain Adoption Is 1-2 Years Away

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The head of major state-owned Russian bank Sberbank has forecast that blockchain adoption will happen on an industrial scale in one to two years, local news agency TASS reported Nov. 13. Speaking to journalists this week, Sberbank CEO Herman Gref explained that the technology is entering the stage of its industrial development: “The hype around the technology [blockchain] is now over, and the technology is entering the stage of industrial development. It needs a year or two to be implemented at the industrial scale.” Gref argued that global markets are…

Blockchain Approaches Its Industrial Era

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Sberbank CEO: Blockchain Approaches Its Industrial Era November 15, 2018 by Jeff Fawkes In a new press conference, German Gref, head of Russia’s largest banking power Sberbank, said blockchain technology stands at the beginning of its “industrial development stage” and can’t achieve mass adoption until 2019 or 2020 at the earliest. Also read: A Challenger Approaches to Defend Digital Assets’ Data Integrity Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Mass Adoption Only After Industrial Adoption? In the press conference, Gref noted Sberbank is testing its own…

Bitcoin’s Breakdown Will Take ‘Weeks, If Not Months’ to Rebound, Says Fundstrat Analyst

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lt will take “weeks, if not months” to repair the “technical damage” caused by the recent collapse of Bitcoin (BTC), according to a Fundstrat Global Advisors analyst, Bloomberg reports today, Nov. 15. In a note to clients yesterday, cited by Bloomberg, Fundstrat’s Rob Sluymer predicted that Bitcoin’s collapse yesterday has pushed crypto markets into a “deeply oversold” area, while “longer-term technical indicators aren’t so favorable.” Sluymer concluded that Bitcoin will be able to support a “multi-month rally,” but only after the “significant” damage done this week has been overcome: “This…

Ohio Congressman Wants to Allow ICOs to ‘Sidestep’ Securities Laws

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Ohio Congressman Warren Davidson plans to introduce a bill that would allow Initial Coin Offerings (ICOs) to “sidestep” U.S. securities laws, according to a report from Washington Examiner Nov. 13. Citing a spokesman for Davidson – Republican congressman for the 8th district of the state of Ohio – the publication reports that the prospective bill would propose that ICOs be treated as products rather than as securities at the federal and state level. The move would reportedly “eliminate” the U.S. Securities and Exchange Commission (SEC)’s oversight of the industry. The…

Ohio Congressman Wants to Allow ICOs to ‘Sidestep’ Securities Laws

boss

Ohio Congressman Warren Davidson plans to introduce a bill that would allow Initial Coin Offerings (ICOs) to “sidestep” U.S. securities laws, according to a report from Washington Examiner Nov. 13. Citing a spokesman for Davidson – Republican congressman for the 8th district of the state of Ohio – the publication reports that the prospective bill would propose that ICOs be treated as products rather than as securities at the federal and state level. The move would reportedly “eliminate” the U.S. Securities and Exchange Commission (SEC)’s oversight of the industry. The…