Day: December 13, 2018

South Korean Internet Giant Kakao Invests in Blockchain Startup Orbs

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South Korea’s largest messaging app operator Kakao has invested in Orbs, an Israeli blockchain startup, Reuters reports Dec. 13. The report states that Orbs did not disclose the size of the investment. Moreover, the startup reportedly explained that this investment “builds on its existing partnership with Kakao blockchain subsidiary Ground X.” As Cointelegraph reported in October, Ground X released the testnet of its DApp platform Klaytn ahead of its scheduled release next year. The aforementioned partnership gave place to a collaboration “on blockchain applications and research and development projects.” According…

Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump

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Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading at $3,417, down about 2 percent over the past 24 hours. The leading coin is down about 6.5 percent over the past 7 days by press time. Bitcoin 24-hour price…

Bitcoin, Ether, and XRP Weekly Market Update: December 13, 2018

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The crypto industry lost another $15 billion of its market cap during the last seven days as the top three currencies continue their steep decline. BTC-USD Bitcoin erased approximately 6.4 percent of its value on December 6 and closed the day at $3,528. This was the second consecutive drop of more than five percent for the BTC-USD pair during last week. The most popular cryptocurrency extended its losses on December 7 and found itself at $3,457 prior to the weekend. The U.S. Securities and Exchange Commission (SEC) once again delayed…

PwC Partners With BitFury to Create Blockchain Accelerator in Russia

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Big four consulting firm PricewaterhouseCoopers (PwC) has partnered with mining and blockchain software company Bitfury Group to create a blockchain accelerator for businesses in Russia, according to a PwC press release today, Dec. 13. The release explains that PwC has already used Exonum — Bitfury’s open source framework for building blockchain applications — for educational courses and seminars. According to the release, the main goal of the new accelerator is to meet the “current needs” of the consulting giant’s enterprise clients in Russia. Victor Nelin, an IT consulting manager at…

Number of Crypto Users Nearly Doubled in 2018, Study Says

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Cryptocurrency gained 17 million “verified users” this year, according to a study published by the Cambridge Centre for Alternative Finance Dec. 12. According to the study, data show that in the first three quarters of 2018 the number of ID-verified cryptocurrency users nearly doubled, climbing from 18 million to 35 million. Total crypto users, number of account and verified individuals. Source: Cambridge Centre for Alternative Finance According to a Bloomberg analysis of the study, the growth of the user base this year while crypto markets decline “could signal that an…

IBM, Indian Telecom Regulator to Roll Out Blockchain Registries in 2019

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IBM, Indian Telecom Regulator to Roll Out Blockchain Registries in 2019 December 13, 2018 by Akshay Makadiya IBM, the Telecom Regulatory Authority of India (TRAI), and domestic Indian telecom providers plan to launch a number of blockchain registries in early 2019. Reportedly, the solutions will focus on streamlining complex multi-party processes such as Mobile Number Portability (MNP) and Do Not Call (DNC) registries. Also see: In Cryptoeconomy Drawdown, Some EOS Block Producers Feel the Sting Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Toward Simplifying Mobile Service…

Opera Releases ‘Web 3-Ready’ Android Browser With Ethereum, DApp Support

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Opera has launched its “Web 3-ready” browser for Android, with crypto wallet integration, support for Ethereum (ETH) and interactions with decentralized applications (DApps). The launch was announced at the Hard Fork Decentralized event in London Dec. 13, according to a press release shared with Cointelegraph. Charles Hamel, product manager of Opera Crypto, has outlined that the new product aims to remove the “friction” involved in “using cryptocurrencies online and accessing Web 3 via special apps or extensions,” in a bid to make the emerging technologies more “mainstream.”   Hamel explained…

UAE Exchange, Ripple to Launch Blockchain Remittances to Asia by Q1 2019

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United Arab Emirates-based UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019, Reuters reports Dec. 13. According to the report, UAE Exchange, a part of payments and foreign exchange company Finablr, is among the key players in the Middle East region, which sees high levels of remittance inflows from expatriate workers. As Reuters notes, Asia was one of the largest recipients of the $613 billion in remittances estimated to have been sent globally in 2017. While remittances are at present largely sent via foreign exchange…

Lancor Scientific Links Use of a Digital Token to Global Blockchain-based Cancer Screening Registry

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Lancor Scientific, an early detection cancer screening start-up, has validated an integrated cancer screening system that will provide users with a seamless journey, using its digital token. London-based Lancor Scientific has tested and linked the use of its smart-contract-driven Medici token, to its global blockchain-based cancer registry – the Lancor Blockchain Platform (LBP). advertisement For the first time, people from all over the world will be able to use Lancor Scientific’s dedicated Medici token, not only to book, but also pay, conduct and review their cancer screening tests, taking ownership…

PAX Stablecoin Exceeds $5 Billion in Transactions in First 3 Months

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U.S. dollar-backed stablecoin Paxos Standard (PAX) has exceeded $5 billion worth of transaction volumes, according to a press release shared with Cointelegraph Dec. 13. As reported, PAX is an Ethereum (ETH) blockchain-based stablecoin, backed 1:1 by the U.S. dollar, which sealed regulatory approval from the New York State Department of Financial Services (NYDFS) in September. According to Paxos — the blockchain trust company that issues PAX — the coin has as of today has been used in $5,245,958,124.65 worth of transaction volumes, with a market cap of over $174 million…