Day: November 19, 2018

Has a Platform Offering 40m TPS Found the Key to Blockchain’s Mainstream Adoption?

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A blockchain/DAG hybrid platform has unveiled bold plans to entice businesses to use its technology – and says its “unprecedented speed, scalability and security” has the potential to benefit enterprises that handle a high frequency of transactions. BEXAM initially intended to serve the cryptocurrency market as a hybrid exchange which used a unique algorithm to deliver the best features of centralized and decentralized platforms alike. However, the startup has decided to refocus its proposition after receiving glowing feedback about its technology – moving away from the congested exchanges sector to capitalize…

$14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value

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Twitter Facebook LinkedIn Over the past 24 hours, more than $14 billion has been wiped out of the crypto market as Bitcoin (BTC) dropped by five percent. Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Stellar (XLM), Litecoin (LTC), EOS, and many other cryptocurrencies recorded losses in the range of 7 to 15 percent. Why is Crypto Tanking? Cryptocurrencies have been in a bear market since…

Malaysia Launches Blockchain Certificate Verification to Combat Degree Fraud

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Twitter Facebook LinkedIn The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country. This has seen the ministry unveil an issuance and verification system for university degrees based on the NEM blockchain. Known as the e-Scroll system, the idea of the blockchain application was mooted early this year by the Council of ICT Deans of Malaysian universities. The e-Scroll system is expected to combat the rising cases of fake degrees in…

Bitcoin Price Watch: BTC Targets Fresh Lows Below $5,200, Market Gloomy

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Key Points Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar. There was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is declining and it seems like it could break the $5,230 and $5,200 support levels. Bitcoin price is moving lower towards the last low against the US Dollar. BTC/USD could accelerate declines below if there is a break below the $5,200 support. Bitcoin Price Analysis…

Bitcoin Smart Contract Protocol Rootstock Acquired by Spin-off Project RIF Labs

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Bitcoin-based smart contract protocol Rootstock (RSK) is integrating with spin-off project RIF OS to expand its scope of operations, the parties confirmed in two separate blog posts Nov. 18. As part of the deal, RIF Labs, the structure behind off-chain infrastructure layer RIF OS, will acquire RSK’s counterpart RSK Labs. RIF started out as a side project from the same executives who held senior positions at RSK. Together, they plan to enable the RSK protocol to go beyond Bitcoin and Ethereum network support and include various P2P functions. “The three…

Bitcoin News Summary – November 19, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.    Markets moved sharply to the downside to a new low for 2018. The $212 billion market cap moved down to $183 billion with Bitcoin falling almost $1,000. Ethereum lost its second place position in market cap rankings to Ripple. The messaging app Kik announced it will migrate its ICO token, Kin, from Ethereum to the Stellar blockchain. Kin raised nearly $100 million in Ethereum tokens and it cites Ethereum scaling issues as the reason for the switch. Bitcoin…

RSK Merges With New RIF OS, Opens Potential for Increased Interoperability

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Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond. The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar and Chief Scientist Sergio Demian Lerner, who will both assume the same roles at RIF. “The RIF Labs founders also comprised renowned professionals with decades of experience in the financial and legal realms such as…

Cardano Price Analysis: ADA/USD Accelerating Losses Below $0.060

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Key Highlights ADA price extended losses below the $0.0620 and $0.0600 support levels against the US Dollar (tethered). There was a break below a connecting bullish trend line with support at $0.0614 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below $0.0600 and it could continue to move down in the near term. Cardano price fell significantly recently against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the $0.0530 level. Cardano Price Analysis In the last…

No Central Bank Digital Currency Within 3-5 Years

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Twitter Facebook LinkedIn Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), Veerathai Santiprabhob, plans to switch from cash to a digital currency will not happen within the ‘next 3-5 years’. This is because the process of creating a central bank digital currency (CBDC) ‘is not easy’ and is time-consuming due to the complex nature of the monetary system. Santiprabhob noted that though there…

Ripple Price Analysis: XRP/USD Could Gain Momentum Above $0.50

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Key Highlights Ripple price is holding gains above the $0.4700 support level against the US dollar. There is a key bullish trend line formed with support at $0.4800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate gains once there is a break above the $0.5000 and $0.5180 levels. Ripple price is trading in a bullish zone against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near the $0.4800 level. Ripple Price Analysis Recently, there was a…