In virtually every area, Ethereum, the largest smart contract blockchain protocol in the world, seems to be growing at an exponential rate. According to Joseph Lubin, the co-creator of Ethereum and the founder of ConsenSys, a blockchain software studio based in New York that houses 1,000 developers: “Blockchain is more than a market. It’s a movement. Market cap doesn’t refleft (sic) activity. Decentralized networks are growing. 10 billion daily API requests served by Infura. 1 million Truffle downloads. 1 million MetaMask downloads. 12,000 live Ethereum nodes. 48 million unique Ethereum…
Day: December 4, 2018
US Trading Technology Firm Partners With R3 Blockchain Consortium
American trading-communications firm IPC Systems has partnered with enterprise blockchain software consortium R3, according to a press release shared with Cointelegraph Dec. 3. IPC is a trading technology service company known for producing trading turrets, which are communications systems used by financial traders on their trading desks. Through the Partnership, IPC plans to support the consortium’s Corda blockchain networks on its Connexus platform. Connexus Cloud is a financial markets cloud-based platform for data, voice, and business communications and compliance. The product includes financial industry firms, liquidity revenues, energy firms, and…
Crypto Exchange OKEx Launches ‘Perpetual Swap’ Derivative Product
Malta-based cryptocurrency exchange OKEx has launched a new derivative product called Perpetual Swap trading, according to a press release shared with Cointelegraph Dec. 3. Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent. Per the release, the new derivative product allows users to perform perpetual swaps, futures…
Bitcoin (BTC) Falls Under $3,900, Crypto Exchange CEO Unfazed
Crypto Market Stumbles, BTC Under $3,900 Over the past 24 hours, following a 36-hour market lull, crypto assets began to falter, stumbling under the short-term bottoms they established in the days prior. This continued tumultuous movement has seen the aggregate value of all cryptocurrencies collapse by $10 billion, moving under $129 billion for the umpteenth time in weeks. Interestingly, unlike the moves the crypto market underwent throughout November, Monday’s downturn was backed by relatively little volume, a mere $14 billion ($7.2 billion adjusted), which was a far cry from the ~$21…
US Dept. of Homeland Security Takes Interest in Investigating Blockchain Transactions
The U.S. Department of Homeland Security (DHS) is seeking information about investigating and analyzing blockchains, including those used for privacy coins, according to a pre-solicitation notice published Nov. 30. DHS has released a proposal, which invites interested parties to comment and design applications for blockchain forensic analytics in respect to emerging cryptocurrencies. The proposal also calls for solutions that would enable investigators to conduct relevant analysis on blockchain transactions. Notably, DHS states that, while previous analysis has been conducted on Bitcoin (BTC) analytics, this only covers a “limited scope in…
Bitcoin (BTC) Has Died 328 Times to Date and Counting
Ever since the Bitcoin (BTC) Ledger was launched in 2009 by Satoshi Nakamoti, the cryptocurrency has been declared dead a shocking 328 times. This is according to an ‘Orbituary Tracker’ on 99bitcoins.com. The most recent eulogy was by Paul Donovan from UBS who stated that his chief goal was to bury Bitcoin and not to praise it. Paul Donovan made the comments to CNBC’s Fast Money. His exact words were as follows: These things were never going to be currencies. They’re not going to be currencies at any point in…
‘Lone’ Bitcoin Investment Trust Below $1 Bln for First Time in 2018
Grayscale’s Bitcoin Investment Trust (GBTC) was worth less than $1 billion for the first time this year, Diar reports Dec. 3. Grayscale is purportedly the ‘lone’ Bitcoin (BTC) investment trust in the U.S. While the fund’s worth in dollars has decreased, its saw a record number of Bitcoin deposits. GBTC, reportedly “the cryptocurrency’s space largest institutional investment firm” is now holding over 203,000 BTC, which Diar points out is “just over 1 percent of circulating supply.” The report states that “record inflows however have resulted in record Bitcoin equivalent holdings…