Day: December 14, 2018

Ethereum Price Analysis: ETH Could Extend Losses Below $80

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Key Highlights ETH price failed to recover above the $90 resistance and declined recently against the US Dollar. There is a new connecting bearish trend line formed with resistance at $89 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below the $83 and $80 support levels in the near term. Ethereum price declined further below key supports against the US Dollar and bitcoin. ETH/USD could accelerate losses if there is a break below $80. Ethereum Price Analysis Recently, there was a…

South Korean Tech Giant Kakao Invests in Blockchain Project Orbs

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Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes with production-ready scalability. Kakao, on its part, is an internet business giant that has made headlines for pushing to integrate crypto payment solutions across its range of interests which include ride-hailing, instant messaging, payment processing, and…

Bitcoin (BTC) Revisits YTD Low At $3,220, Crypto Fails To Breakout

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Bitcoin Revisits YTD Low, Crypto In Turmoil After holding in the $3,350 to $3,500 for a matter of days, Bitcoin (BTC) faltered on Thursday, tumbling below $3,300 to find itself at its year-to-date low — $3,220. Since Wednesday’s market update from Ethereum World News, the collective market value of all circulating cryptocurrencies has found itself at $107.5 billion, nearing year-to-date low levels, down from the $111.4 billion of yesterday. This difference represents a 3.5% loss in market capitalization, not the most promising sign for blockchain-based assets, such as BTC. Interestingly,…

Europe Takes Serious Steps Towards Blockchain Adoption

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After months of monitoring and observing the “promising and challenging” potential of distributed ledger technology (DLT), the European Union (EU) is finally making a turn into the blockchain industry. How it all started Back in February 2018, the European Commission (EC) launched the EU Blockchain Observatory and Forum, aimed to support European cross-border engagement with the technology and its multiple stakeholders and to unite the economy around blockchain. Since its official launch, the newly established organization — supported by European Parliament — has released three thematic reports: the first one…

UCLA Launches First Accredited Blockchain Engineering Course

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Blockchain courses are being adopted by more institutions as a way of teaching and equipping the next generation of crypto engineers to meet the ever-increasing demand for the technology and its applications. Now, the University of California, Los Angeles (UCLA) is gearing up to offer its first blockchain engineering course, thanks to a sizable donation from MouseBelt Blockchain Accelerator.  UCLA to Offer Accredited Blockchain Course The university, which previously organized blockchain and cryptocurrency seminars through its Anderson School of Management, has now announced that it will be running a full technical…

Blockchain Developer Leads List of Most Rapidly Growing Jobs

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The role of blockchain developer is the most rapidly growing emerging job in the United States, according to the 2018 U.S. Emerging Jobs report by LinkedIn released on Dec. 13. In the course of preparing the report, LinkedIn used data from its Economic Graph to analyze the positions that companies are hastily hiring for, as well as skills related to those positions and roles that have emerged over the past five years. The professional social network found that the role of blockchain developer has registered an increase of 33 times…

Bitcoin (BTC) Extortionists Hit U.S., Canada With Bomb Threats

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Canada, U.S. Hit With Waves Of Bitcoin Threats Over the past 24 hours, businesses and institutions across the nations of Canada and the U.S. have been bombarded with bomb threats, from purported terrorists. According to messages distributed to media outlets, the group(s) sending these threats, issued through the medium of email, are looking for Bitcoin (BTC) in exchange for not decimating places of business, public places, and pertinent landmarks. One email, obtained by KrebsonSecurity, routed through Bloomberg, claimed that its authors were looking for $200,000 in Bitcoin, an approximate 63…

Church’s Chicken Starts Accepting Dash in Venezuela After KFC Confusion

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American fast food chain Church’s Chicken has started accepting payments in cryptocurrency Dash (DASH) at its locations in Venezuela, according to an official Facebook announcement on Dec. 12. According to Dash News, the cryptocurrency is accepted in all 10 restaurant locations. Dash has also completed ts first transaction in Church’s Chicken and uploaded a video of the event on its official YouTube channel. The restaurant claims to be the first global fast food chain to accept payments in crypto. The announcement from Church’s chicken follows some confusion regarding the acceptance…

Crypto Users Increased to 35 Million in 2018

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As we approach the new year, it’s time to reflect on all that happened in 2018. In the cryptocurrency sector, there were a few ups and downs, more so than in 2017, the year the crypto boom took flight. But while various companies (and coins) had their share of plunges, the number of crypto users in 2018 doubled. Well, almost. Crypto Users in 2018 On Wednesday, December 12th, the Cambridge Centre for Alternative Finance published a study detailing the number of ‘verified’ crypto users the sector gained in 2018. The…

Former AriseBank Executives To Pay $2.7 Mln Fine To Settle ICO Fraud Charges

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The U.S. Securities Exchange Commission (SEC) stated that two former executives of AriseBank have been ordered in federal court to pay nearly $2.7 million in fine for allegedly running a fraudulent Initial Coin Offering (ICO). The ICO was stopped by the SEC in late January and it filed a complaint in federal district court in Dallas. The federal court also prohibited the two executives – then-CEO Jared Rice Sr. and then-COO Stanley Ford – from serving as officers or directors of public companies or participating in future offerings of digital…