New Amazon Blockchain Services Unveiled This Week

New Amazon Blockchain Services Unveiled This Week December 1, 2018 by Akshay Makadiya Amazon’s computing arm Amazon Web Services (AWS) has launched two new blockchain services: the Amazon Quantum Ledger Database (QLDB) and the AWS Managed Blockchain. The moves indicate the powerhouse company’s keen interest in the fledgling tech. Also read: Daniel Larimer Spooks, Excites EOS Community with New Token Talk Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Come Get Your Database, Amazon Blockchain Style At the AWS re:Invent 2018 conference in Las Vegas, AWS introduced…

Crypto Markets Meet December in Green, Bitcoin Trades Above $4,200

Saturday, Dec. 1 — Crypto markets have seen a substantial influx on the first day of this winter month, with all top 20 coins by market cap firmly in the green, according to CoinMarketCap. Market visualization from Coin360 Following multiple plunges below the $4,000 threshold yesterday, Nov. 30, Bitcoin (BTC) has managed to finally hold $4,000 support today. The major cryptocurrency is now trading at $4,202, up 4.5 percent over the past 24 hours to press time. Bitcoin is down around 1.9 percent over the week, according to data from…

Bitcoin (BTC) Mining Difficulty Is Decreasing But Miners Are Switching Off – What’s Going On?

One of the most direct ways to own Bitcoin is through mining, but that comes with some costs in terms of power and time.  When the network’s hashing power increases, mining difficulty also increases since a surge in hash rate indicates an influx of miners on the network. Bitcoin Mining Difficulty Dropping Since October, the difficulty in mining Bitcoin has been dropping, meaning that the crypto’s hash rate has been dropping due to miners shutting down their equipment. This is primarily due to the sudden fall of Bitcoin’s price. The…

Crypto Market Adds $7 Billion as Bitcoin and Ethereum Rebound by 5%

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. In the past 24 hours, the cryptocurrency market added $7 billion to its valuation as Bitcoin and Ethereum rebounded by around five percent. Bitcoin (BTC) successfully defended a relatively weak support level at $4,000 with strength and Ethereum (ETH) prevented a further drop below the $110 level. However, based on the level of the momentum of major cryptocurrencies throughout the past several days, if the dominant cryptocurrency does not…

Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric

On Nov. 28, e-commerce giant Amazon announced two blockchain-related products: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. The company hence marked its further expansion into the field of blockchain technology, which started with blockchain-related patents and collaborations that Amazon has seemingly chose over working with cryptocurrencies, per se. So what are those new projects and are they going to change the crypto industry? QLDB: Cryptographic, but centralized database As per Amazon’s website, QLDB is a ledger database designed to provide “transparent, immutable and cryptographically verifiable log of transactions,”…

North Korean Hackers Move Onto Attacking Individuals After Exchanges Boost Security

The CEO of cybersecurity firm Cuvepia declared that his company detected over 30 attacks on crypto-bearing individuals probably carried out by North Korean hackers, English-language media site South China Morning Post reports Nov. 29. Kwon Seok-Chul, the CEO of the aforementioned South Korean cybersecurity company, said that the new targets of the suspected North Korean cyberattacks “are just simple wallet users investing in cryptocurrency.” He then added that many cases probably haven’t been detected, and that there may have been well over 100 attacks. As the article states, the “targeting…

Blockchain Utilities To Be More “Purely Digital”

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Vitalik Buterin was at Devcon4 recently and gave an interview to Quartz in which he said a few things about Ethereum in general. For one, he feels that a “world computer” is still a valid way to describe the Ethereum project – “a shared computing environment that anybody can build and run stuff on is still a totally legitimate and valuable thing to emphasize.” He spoke of a phenomena…

Blockchain Utilities To Be More “Purely Digital”

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Vitalik Buterin was at Devcon4 recently and gave an interview to Quartz in which he said a few things about Ethereum in general. For one, he feels that a “world computer” is still a valid way to describe the Ethereum project – “a shared computing environment that anybody can build and run stuff on is still a totally legitimate and valuable thing to emphasize.” He spoke of a phenomena…

Sberbank and Interros Group Conclude Blockchain-Based Foreign Exchange Repo Deal

Sberbank and Interros Group have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reports Nov. 30. The Interros Group is a Moscow-based private equity firm founded by Russian oligarch Vladimir Potanin in 1990, with stakes in Norilsk Nickel, pharmaceutical company Petrovax Pharm, and ski resort development firm Rosa Khutor. Head of global markets department and vice president at Sberbank, Andrei Shemetov, informed Reuters that the transaction is real, legally binding, and has been “concluded in electronic format using a…

Thai Securities Regulator Considers Various STO Classifications for Regulatory Framework

The deputy secretary of the Thai Securities and Exchanges Commission (Thai SEC) has declared that Thai-related Security Token Offerings (STOs) launched in an international market break the law, English-language daily Bangkok Post reports Nov. 29. The aforementioned article states that deputy secretary Tipsuda Thavaramara “said the regulator will have to consider how to deal with STOs for issues such as share ownership, voting rights and dividend.” There still confusion about how to regulate these kind of offerings, Thavaramara reportedly declared: “At the moment, we have not decided whether STOs fall…