Month: November 2018

The Key to Staying Profitable When Mining Revealed by Software Startup

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A company has released the beta version of its cryptocurrency mining platform – the first iteration of “simple to setup, highly automated” software that is aimed to appeal to newbies and seasoned professionals alike. Cudo Miner says its offering is a GUI miner, which in other words is a graphic frontend for its interface. Its accessible technology means “inexperienced miners can install and sit back while the software automates everything else,” while experts have the chance to adjust advanced settings in line with their preferences. The program is able to…

Amazon Gets Deeper into Blockchain, What Does it Mean For Crypto?

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When huge tech or commerce companies get into blockchain it makes the headlines. They don’t come much bigger than retail giant Amazon which has just launched two new distributed ledger services. Yesterday Amazon Web Services (AWS) CEO Andy Jassy announced the launch of Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain according to Zdnet. He acknowledged that clients want more than just a database when using blockchain technology; “Even though we have a lot of customers that run blockchain on top of us … we just hadn’t seen that…

DLT payment netting service; developed alongside LedgerConnect

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It has been almost two years since IBM and CLS embarked on an initiative to exploit blockchain technology. However, in August, the initiative went into production. A recent news release indicates that the DLT payment netting service is now available for clients to utilize. CLS bank is a major player in the global foreign exchange market. It mainly acts as the clearing bank for foreign exchange for banks and other major players. Particularly, the bank handles approximately $5 trillion a day in 18 currencies. LedgerConnect The DLT payment netting service…

Chatter Report: Buy Walls, Miner Anonymity and Bitcoin vs. the State

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News In today’s edition of Chatter Report, crypto influencers debate the importance of buy walls to support crypto prices, reason for and against miner anonymity and ponder the outcome of governments attacking bitcoin. Also read: Markets Update: Bull Trap or Reversal? Traders Question the Recent Crypto Spike Hodlers of Last Resort and Buy Walls Early bitcoin adopter and investor in Kraken, Trace Mayer, argues that crypto market capitalizations are important, but not as important as the hodlers of last resort and “buy support.” Mayer reasons that the combination of investors…

Telcoin enters agreement with Jumia; to help leverage blockchain in e-commerce

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The e-commerce industry is booming with many more people using blockchain to make it even faster. In this light, Telcoin has entered into an agreement with Jumia to exploit blockchain for e-commerce. Jumia is an online marketplace focusing on the African market. Presently, the company covers 15 countries including Nigeria. Telcoin is a provider of mobile crypto solutions. Telcoin enters agreement with Jumia to rope in Nigerians in diaspora Telcoin focuses on connecting with mobile networks globally. As a result, it enables an easy conversion between telecom mobile money, prepaid…

UAE Launches Blockchain Initiative to Process 50% of Govt. Transactions by 2021

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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 government of the United Arab Emirates has unveiled two national initiatives focusing on strengthening the position of the country globally in emerging technologies such as blockchain and artificial intelligence. One of the programs that were launched during the second UAE Government Annual Meetings which took place in the capital Abu Dhabi was the AI and Blockchain Guide initiative, as initially reported by the Emirates News…

US Court Dismisses SEC’s Claims That Blockvest Sold Unregistered Securities

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A U.S. court has dismissed claims from regulator Securities and Exchange Commission (SEC) against decentralized blockchain-based assets exchange Blockvest, court documents released Nov. 27 confirm. The SEC suspended Blockvest’s Initial Coin Offering (ICO) via an emergency court order in October, with a subsequent legal battle ensuing over whether or not the firm’s BLV tokens were in fact unregistered securities under U.S. law. Part of multiple investigations into unregistered token sales by the regulator, the SEC’ retaliation initially saw U.S. District Court for the Southern District of California issue a temporary…

Tron’s TRX Posts 44.14% Weekly Gains in Market-wide Rebound

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Tron (TRX) has surged as much as 40% this week as the global crypto market rebounded from their lowest levels this year. The overall rebound appears in the wake of a peaceful closure between Bitcoin ABC and Bitcoin SV groups. The two, formed after the split of Bitcoin Cash blockchain, had spoiled the crypto market sentiment by waging a so-called hash war over the original BCH ticker. Weeks after ABC gained supremacy over the Bitcoin Cash network, SV conceded defeat and went its separate way as a standalone crypto-project. Nevertheless,…

Market Value of Blockchain in Retail to Soar 29-Fold by 2023, Report

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The market value of blockchain in global retail is forecast to see a 29-fold increase in value over the next five years, according to an analysis of factors behind the growth, published on PRWeb Nov. 28. The analysis on emerging blockchain applications driving the predicted increase – from $80 million today to over $2.3 billion by 2023 – was conducted by fintech executive Monica Eaton-Cardone. The figure of $2.3 billion by 2023 – at a compound annual growth rate of 96.4 percent – has been taken from a market research…

Tron (TRX) Posts 33.33% Daily Gains as Crypto Market Rebounds

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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. Tron on Thursday rose up to 33.33% against the US Dollar as the crypto market headed for an extended upside action. The TRX/USD tested a new weekly high at 0.016-fiat, according to data available at BitFinex, before correcting lower towards 0.0144-fiat, an intraday support. It should be more likely a bull flag formation, meaning the pair should continue trending upwards in near-term. However, there are still…