Day: December 17, 2018

Overstock Subsidiary tZERO to Develop Smart Contract Token for Rare Metals Sale

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Private equity firm GSR Capital has contracted Overstock.com Inc.’s subsidiary tZERO Group Inc. to develop a smart contract token for a sale of cobalt, according to a press release published Dec. 17. tZERO and Hong Kong-based GRS Capital’s partnership is focused on developing an ecosystem in Asia for tokenized commodity purchase contracts that would purportedly improve the supply chain process of rare metals. Additionally, the parties are looking to launch a security token platform in the region, following compliance with relevant regulatory requirements. Per the release, the token will be…

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks

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The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17. The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at entrant banks. UBF’s chairman, Abdul Aziz Al Ghurair, claimed that the discussed initiative represents an effort to create and maintain a “thriving banking ecosystem.” Participants also discussed issues pertaining to the country’s national digital…

Circle CEO Remains Bullish on Bitcoin Predicting All-Round Tokenization

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Jeremy Allaire. Photo: International Monetary Fund / Flickr Jeremy Allaire, the co-founder and CEO of the fintech startup Circle, is being very optimistic about the future of bitcoin, even despite the recent downturn in the cryptocurrency’s value. In an interview to CNBC, the entrepreneur said he believes bitcoin will skyrocket in the next three years, eventually driving all cryptocurrency valuations. While Allaire was reluctant to make specific predictions, he said the price of bitcoin will be much higher than it is now. “I don’t make significant price predictions,” he told…

BitPay CEO: Mass Crypto Adoption Could be Right Around the Corner

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It’s no secret that 2018 has been a tough year for the crypto markets, with Bitcoin dropping from highs of nearly $20,000 in late-2017 to recently established lows of $3,200. The market’s poor performance has led investors, analysts, and traders alike to ponder what impetus will be able to drive the markets back to their all-time-high prices and beyond. Last month, Sonny Singh, the chief operating officer (COO) of Bitcoin payment processing giant, BitPay, explained that he believes increasing institutional adoption and crypto products from companies like Bakkt, Fidelity, and Square,…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Bitcoin Cash, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 17

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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. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. In December of last year, market participants were rejoicing as cryptocurrencies led by Bitcoin were soaring. The leading digital currency reached a high of close to $20,000 on Dec. 17 and investors were hoping for even higher levels. A year later, after a massive…

BlockIMMO brings Blockchain Technology Platform to Tokenize Fractional Real Estate Investment

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Real estate transaction platform BlockIMMO,  online since December 2018, has opened its door for investors to invest in real estate and properties with small amounts starting at as little as CHF 1,000 (€888 euro or $1007.55 USD). On the other side of the transaction, property owners can garner best prices for the sale of their real estate. advertisement “I’m very proud to have launched a secure Blockchain product for both private consumers and professional investors with BlockIMMO,” stated founder and Managing Director, Bastiaan Don. Advantages for investors BlockIMMO offers investors…

IOHK May Pivot Mantis Ethereum Classic Team in 2019

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IOHK May Pivot Mantis Ethereum Classic Team in 2019 December 17, 2018 by William Peaster During his 2018 year-end update for the Cardano community, IOHK CEO Charles Hoskinson noted his company’s support for the Mantis Ethereum Classic client may be nearing its conclusion. Hoskinson qualified the client would likely live on for Ethereum via the Hyperledger umbrella project. Also see: New White House Bitcoin Supporter Unlikely to Cause a Crypto Stir Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Mantis Support on the Chopping Block, Says Hoskinson…

The Passing of Cypherpunk Tim May Is a Stark Reminder of Bitcoin’s Grassroots

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On December 15, 2018, one of the co-founders of the Cypherpunk movement and prominent computer scientist Timothy C. May passed away at the age of 67. Among numerous other achievements, May was primarily responsible for shaping the conversation around the economic and legal freedoms implied by modern cryptography. The famous Cypherpunk mailing list in which these ideas were discussed, included contributions from Julian Assange, Nick Szabo, David Chaum, Adam Back, Hal Finney, Wei Dai, and countless other individuals. Now, after ten years of Bitcoin, 26 years since The Crypto Anarchist…

German State Bank KfW Tests Blockchain App for Public Finance Management in Burkina Faso

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Germany’s major state-owned bank KfW and Burkina Faso’s Ministry of Finance will test a blockchain application for use in public financial management, according to a statement posted Monday, Dec. 17. KfQ, ranked in 2017 as the country’s third largest bank by total assets, had also previously signed an agreement with the Burkinabe government in June 2018, providing the country with a credit of €7 million ($7.9 million) to finance water supply and sanitation areas. According to the recent blockchain-related announcement, TruBudget, an open source app developed by KfW, will be…

Patreon’s Censorship Is Bad for Free Speech But Good for Bitcoin

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Crowdfunding A fresh wound has opened in the culture war, and this time money is the blade. In recent days, a number of prominent Youtubers and other content creators have abandoned the crowdfunding platform Patreon in protest at the deplatforming of “Sargon of Akkad” aka Carl Benjamin. Benjamin, who has over 800,000 subscribers and debunks social justice talking points, was removed from the crowdfunding site without warning, erasing his primary source of income overnight. Also read: Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks Patreon Is…