Day: December 10, 2018

Stablecoins See Significant Growth in Adoption Over Recent Months

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According to analysis by research firm Diar published Dec. 10, the adoption of stablecoins is growing based on the increasing number of on-chain transactions. Per Diar, four major stablecoins to date — USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) — have broken the $5 billion mark in on-chain transactions within the three-month period. November reportedly saw a massive 1,032 percent surge in on-chain transactions compared to September, when the stablecoin market breached the $2.3 billion mark at the end of last month. Diar notes that Paxos…

Only Five Bitcoin Mining Devices Released in 2018 Are Profitable This December

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Mining There has been a slew of bitcoin mining rigs announced during the last 12 months that claim to process more terahash per second while consuming less energy. However, with cryptocurrency prices so low, lots of newly launched machines are not profitable and many of them haven’t even shipped yet. Also read: Federal Agents Told This Silk Road Moderator to Fake His Own Death   The Five Profitable Mining Rigs Digital asset prices have seen better days as cryptocurrency markets throughout the entire 2018 calendar year have been riding a long bearish…

State Farm Tests Blockchain Solution to Speed Up Auto Insurance Claims

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U.S.-based insurance company State Farm is testing a blockchain-based solution to speed up the subrogation process for auto claims, according to an announcement published Dec. 10. State Farm is a large group of insurance and financial services firms that provides auto insurance in the U.S. The organization was ranked 38th on the 2018 Fortune 500 list of companies. Per the company’s website, it processes 38,300 claims per day and has nearly 519,000 accounts in mutual funds. State Farm is working on blockchain-based solution to speed up the subrogation processes in…

UNICEF Innovation Fund to Invest in Blockchain-Related Projects

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The UNICEF Innovation Fund is investing $100,000 in six companies for developing blockchain projects, according to an announcement published Dec. 10. The UNICEF Innovation Fund was launched specifically to finance early stage and open-source technology that can benefit children. The fund identifies solutions in tech areas like blockchain, machine learning, quantum computing, artificial intelligence (AI), and others. Today’s announcement reads that the Fund will invest up to $100,000 in Argentinian software development firm Atix Labs, Mexican tech companies Onesmart and Prescrypto, Indian startup Statwig, Tunisian apps development startup Utopixar, and…

Bitcoin, Ripple, Ethereum, Stellar, Bitcoin Cash, Bitcoin SV, EOS, Litecoin, TRON, Cardano: Price Analysis, Dec. 10

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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.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. November has seen the overall trade volume of retail-focused crypto exchanges drop, while the trade volume of exchanges preferred by larger players has increased instead. After an extended decline, when retail activity drops and institutional activity picks up, a market bottom usually approaches.…

Markets Fail to Hold Yesterday’s Gains, Bitcoin Trades Below $3,500

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Monday, Dec. 10: Crypto markets have failed to hold another recovery attempt, with nearly all top 20 coins by market capitalization in the red as of press time. After a slight bump yesterday, Dec. 9, with Bitcoin (BTC) seeing its price grow from around $3,400 to more than $3,600, markets are seeing another decline as losses over the 24-hour period for some major coins reach more than 9 percent, according to CoinMarketCap. Market visualization from Coin360 The top cryptocurrency Bitcoin is down by 4.59 percent, trading at $3,474 at press…

Bitcoin Recovery Weakens as Price Drops 4.4%, Dead Cat Bounce?

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The gains Bitcoin made during the Friday and weekend trading session fizzled at the beginning of this week. The digital currency’s recovery lost steam after establishing an intraday high at 3640-fiat, now thrice in December. It dropped as much as 4.4% on Monday, confirming a weak bull sentiment near the said resistance area. At the time of this writing, Bitcoin has located support at a near-term rising dotted trendline and is trading at $3,420. BTC/USD 1H CHART | SOURCE: COINBASE, TRADINGVIEW.COM After zooming out the chart, the BTC/USD rate can…

EOS DApps Lose Almost $1 Million to Hackers Over the Last Five Months

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Decentralized apps (DApps) based on the EOS blockchain have lost up to $1 million to hacks since July, Chinese crypto media Blockchain Truth reports Tuesday, Dec. 4. The report cites data by PeckShield, a blockchain security company that monitors different ecosystems. According to the report, the DApps on EOS have seen 27 breaches from July to late November, losing up to 400,000 EOS, or 8 million yuan. As of press time, the amount hacked was worth $800,000 according to the EOS price chart on CoinMarketCap. Nonetheless, Guo Yonggang, an expert…

Crypto News | EOS Surges and Ripple Exec Not Phased by Bull Market

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In today’s edition of crypto news, we’ll cover why EOS is surging and the details behind why a Ripple executive isn’t phased by the current crypto bear market. EOS Surges as Other Coins Fall EOS is currently leading the top 40 cryptocurrencies for total market gains this weekend. The world’s seventh-largest cryptocurrency project has received a wave of criticism as of late for its lack of decentralization. This weekend, EOS jumped up more than 16%. At this time, it remains unclear why the coin surged so much. Coinbase is exploring the…

Crypto Exchange ErisX Appoints Digital Markets and Exchange Veteran Matt Trudeau as CSO

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New crypto exchange ErisX has announced the appointment of veteran exchange founder Matt Trudeau as its chief strategy officer (CSO), according to a press release published Dec. 10. As reported this October, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to offer spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), alongside futures contracts in 2019 Q2, pending United States  regulators’ approval. According to the ErisX press release and his LinkedIn profile, Matt Trudeau has to date assisted in ten global market launches —…