Day: November 26, 2018

UAE’s Al Hilal Becomes First Islamic Bank to Issue Bond on Blockchain

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction on a blockchain. In a secondary market deal, Al Hilal Bank used blockchain technology to resell and settle a portion of a US$0.5 billion Sukuk issued two months ago and scheduled to mature in September 2023. According…

Swytch announces Launch of Secure AI-Powered Renewable Energy Platform on Blockchain

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ADVERTISEMENTS Today, blockchain-based clean energy platform Swytch, announces the successful launch of its platform that offers enterprises real-time visibility into their green energy production data. The platform ensures anonymity and security and uses AI-based predictive technology to create sustainable policies. Recognizing the need for simple and secure energy accounting, Swytch aims to address one of the most pressing challenges facing the energy sector. By creating an enterprise-ready public blockchain platform that digitizes energy production at the source, Swytch is empowering energy enterprises to access, control and analyze their own information. All…

Misapplication of Blockchain Tech Leads to ‘Wasted Time’

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Ethereum cofounder Vitalik Buterin said that the misapplication of blockchain technology in some industries leads to “wasted time” in an interview with business news outlet Quartz published Nov. 26. Speaking at the Devcon4 blockchain conference, the Ethereum cofounder said that although there are a number of companies that try to establish higher standards by using blockchain technology, he does not think the technology is applicable in every industry: “Sometimes it is for marketing hype. Sometimes it is just people who are genuinely excited about blockchains and want the thing they…

Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Monday continued its crash course despite showing gains during the early Asian trading session. The digital currency attempted a go at its yearly low at ~$3,455 after reversing from its intraday peak at $4,115. That overall marked a circa 14 percent crash, setting standards for a further bearish action. The BTC/USD index at press time is trading at 3581-fiat, eyeing potential support…

Token Trading Volumes ‘Plummet’ on Major Exchanges, Diar Report Says

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A new report from weekly crypto outlet Diar published Nov. 26 states that trading volumes on major exchanges have dropped substantially. Diar’s data, sampled from across eight leading crypto exchanges  — Binance, OKex, Huobi, Bitfinex, Kraken, Poloniex, Bittrex, HitBTC — reveals that 60 percent of cryptocurrencies that continue to be listed as of Jan. 2018 are now trading at lower volumes than at the start of the year.   Over 20 percent of these have experienced an extraordinary drop, today seeing less than 90 percent of the trading volumes they…

Ohio Accepts Bitcoin for Tax Payments

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As Bitcoin heads down the slope, the State of Ohio has just made a move that actually champions the ailing coin. And it’s a vital time for such a move. Ohio has decided to accept Bitcoin for tax payments, becoming the first state to do so. Not only is this move momentous in terms of institutional approval, but its timing is also impeccable—casting a silver lining to what has been a very dark cloud for Bitcoin. Ohio Accepts Bitcoin in the Nick of Time The initiative begins now. Ohio businesses…

US State of Ohio Accepts Bitcoin for 23 Types of Taxes

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The U.S. state of Ohio has set up a cryptocurrency payment portal and reportedly starts accepting payments in bitcoin for 23 types of taxes this week. “Ohio has become the first state in the United States, and one of the first governments in the world, to accept cryptocurrency,” the Treasurer’s Office wrote. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Ohio Accepts Bitcoin for Tax Payments The office of Ohio Treasurer Josh Mandel has set up a cryptocurrency tax payment portal at Ohiocrypto.com. The website explains…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 26

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The digital currencies were relatively stable from early September of mid-November, after which the decline started. Since then, incessant selling dragged the total market capitalization of cryptocurrencies from above $210 billion on Nov. 14, to just below $116 billion on Nov. 25, a fall…

Bulgarian Prosecutors Detain Three Hackers Allegedly Involved in $5 Million Crypto Theft

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Bulgarian Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in stealing $5 million in crypto, Sofia-based newspaper 24 Chasa reports Monday, Nov. 26. Bulgarian police reportedly seized cryptocurrencies worth around $3 million, as well as the equipment allegedly used by the thefts, including computers, flash drives, and a hardware portfolio for storage of crypto data. Apart from notebooks containing crypto accounts, the prosecutors have also seized a car that was allegedly purchased with stolen funds and worth about 60,000 in Bulgarian Lev (BGN) (about $35,000). According to…

Bitcoin Loses One-Third of its Value to Reach Twelve-Month Low: BTCManager’s Week in Review Nov 26

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The price of bitcoin crashed by a staggering 33 percent in the last seven days after uncertainty sparked by the bitcoin cash “hash war” reminded markets in the prior week how volatility cryptoassets still are. Bitcoin dropped from $5,600 on Monday morning to around $3,750 by Sunday afternoon, to reach a new twelve-month low. Bitcoin’s steep price decline was exemplified by a video that showed Chinese miners throw out mining hardware in wheelbarrows to resell them second-hand as mining bitcoin is no longer a profitable venture for them at these…