Day: December 11, 2018

Samsung Dismisses Galaxy S10 Crypto Wallet Reports as ‘Rumor and Speculation’

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Samsung has refuted rumors that it has plans to offer a cryptocurrency cold wallet on its Galaxy S10 smartphone, in comments to Cointelegraph Dec. 11. The Korean-headquartered transnational tech conglomerate had recently filed three E.U. trademarks for blockchain- and cryptocurrency-software Dec. 10. As reported by Samsung community news sharing site SamMobile today, Dec. 11, the trademark requests are part of alleged plans to offer a cryptocurrency cold wallet on the Galaxy S10 smartphone, but this has suggestion been swiftly refuted by Samsung in private correspondence with Cointelegraph: “Unfortunately we are…

IOHK Launches Secure Smart Contracts Technology for Cardano blockchain

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ADVERTISEMENTS IOHK is launching powerful tools will enable start-ups, the financial services and fintech industries, and academia to prepare blockchain contracts that will run on Cardano. – Plutus and Marlowe. The two were first launched in test format at the first PlutusFest conference in Edinburgh, Scotland, a public event including academics, business professionals and developers. Plutus provides a general purpose programming language and tools for Cardano. advertisement IOHK CEO Charles Hoskinson said: “We’re really excited to release testbeds of Plutus and Marlowe so developers, finance professionals and academics can test how they can use…

Market Cap of Crypto Tokens Fall Under $100M, Struggling to be Relevant

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The market valuation of ERC20 tokens and low volume crypto have started to fall below the $100 million mark amidst an intense market sell-off and increasing regulatory pressure from the U.S. Securities and Exchange Commission (SEC). VeChain, Bytecoin, Bitcoin Diamond, ICON, and Qtum have fallen the most against the U.S. dollar in the past 12 months, dropping by 99 percent within a year. The abovementioned tokens dropped substantially more than other tokens on paper because they achieved multi-billion dollar valuations at their peak. ICON (ICX), for instance, South Korea’s largest…

XYO Network to Launch of Blockchain Satellite on SpaceX Falcon 9 

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ADVERTISEMENTS  XYO Network is partnering with space industry leader Spaceflight to launch XYO Networks’ “EtherX” spacecraft into orbit. This is the first step in achieving its mission of decentralizing the world’s location infrastructure, which currently revolves around the centralized Global Positioning System (“GPS”), which is owned by the U.S. Air Force. advertisement XYO Network Co-Founder Scott Scheper commented: “Speaking personally, Ethereum inspired me to go from a long-time blockchain observer to going ‘all in’. My work is now 100 percent focused on blockchain technologies. What the Ethereum developer community and Vitalik Buterin…

Algo Capital to Invest In Promising Companies Built on Algorand Platform – Announces $100 Million Blockchain Fund

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ADVERTISEMENTS Blockchain-focused venture capital group Algo Capital, is launching a $100 million USD fund to invest and manage significant capital in emerging disruptors building on the Algorand decentralized platform. advertisement The Algorand protocol was created by Silvio Micali – MIT professor, cryptography pioneer, and winner of the prestigious Turing Award.   Algo Capital invests in promising companies at all stages that are creating solutions on the decentralized Algorand platform, with an initial focus on companies building fintech applications. Steve Kokinos, CEO of Algorand, said: “The launch of the Algo Capital fund demonstrates…

Crypto.com Nets Ex-PayPal Exec to Increase Merchant Cryptocurrency Adoption

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Hong Kong-based cryptocurrency payment platform Crypto.com has hired a former PayPal executive, the company confirmed in a press release Dec. 11. Tyson Hackwood will join the crypto firm as its senior vice president and head of global merchant acquisition. Crypto.com, which came into being after cryptocurrency debit card provider Monaco acquired the domain name for a reported $10 million in July, seeks to increase consumer and merchant adoption for point-of-sale (PoS) transactions. Hackwood was previously head of the Australian branch of PayPal Here, the company’s own PoS division, followed a…

Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets

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Amid the cryptocurrency market crash, even the newest crypto mining machines are struggling to seal profits for their operators, according to real-time data published by mining profitability data site ASICMinerValue.com (AMV) today, Dec. 11. AMV is a site that calculates real-time profitability rates for “ASIC” miners, hardware that uses Application-Specific Integrated Circuit (ASIC) chips, tailored to efficiently mine cryptocurrency based on a specific hashing algorithm. Updated every minute, the site calculates profit yields for specific miners based on current power costs, network difficulty, block rewards, and cryptocurrency prices. As of…

Bitcoin Friendly Square Tops iOS Store: Can Coinbase Reclaim Its Throne?

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Although Coinbase is lauded for its ability to innovate, even in stormy market conditions, there has been growing sentiment that the prominent platform has begun to stumble, falling victim to the dissipation of crypto’s active retail investor scene. Yet, Coinbase has made in glaringly apparent that it intends to thrive amid Bitcoin’s (BTC) distraught state. Coinbase Launches “12 Days Of [Christmas]” Crypto Initiative Although the crypto market has sustained heavy losses in fiscal 2018, the spirit of festivity has still blessed Coinbase with its presence. Case in point, the San Francisco-headquartered…

Bitcoin Mining Industry ‘Under Considerable Stress,’ 1.3m Rigs Turned Off

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For much of the year, the bitcoin mining industry appeared to be impervious to the crypto market downturn, as the flagship cryptocurrency’s hash rate continued to climb even as the BTC price halved — and then halved again. In recent weeks, however, cracks have begun to form in this sector as well. Bitcoin Hash Rate Drops as Miners Turn off Older Devices Earlier this month, Bitcoin network difficulty, which adjusts dynamically every 2,016 blocks (a roughly two-week interval) in response to hash rate fluctuations, fell by 15.1 percent — its…

The Biggest Rises and Falls of Bitcoin, Explained

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5. What is it about Novembers? Over the course of 2018, Bitcoin has had an annus horribilis — with prices tumbling by more than 83 percent when compared to the all-time high of $19,783. This is worse than the Nasdaq’s plunge when the dot-com bubble burst in the U.S. — and it has also delivered catastrophic consequences for many other digital currencies, which have now been rendered worthless. This is because the fate of many coins, and indeed other cryptocurrencies, is tied to blockchain in some way or another. Just…