Day: December 18, 2018

Sturgis Bancorp Releases Fiscal Report For The Third Quarter Of 2018

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Sturgis Bancorp, Inc. (OTCQX:STBI) has released its 2018 fiscal report in which they have posted a net income of around $3.2 million in the first nine months of the year with the third quarter recording $1.3 million. The company indicated an increase in revenue for the third quarter of 2018 when compared to last year. The net income for the 2018 third quarter is $1.3 million as compared to 2017 when it was $739,000, and this reflects an increase of 3.95% on the interest margins. However, net interest income indicated…

A Year After $20K All-Time Highs, Bitcoin Price Sees a Small Rally Above $3.5K

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Bitcoin (BTC) saw a sudden surge Dec. 18 to regain support at $3,500, sparking a fresh round of gains across major cryptocurrencies. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 confirmed the unexpected reversal in Bitcoin’s fortunes, the largest cryptocurrency having previously traded around 15-month lows. At press time, BTC/USD hovered around $3,516, up 2.5 percent and capping gains of $260 in the past 24 hours. The same date in 2017 marked the second day of all-time highs for the pair, with prices topping $20,000 on some…

Amazon Plays Its Own Game With Enterprise Blockchain

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Amazon Web Services, the e-commerce giant’s cloud computing arm, is having its proverbial blockchain cake and eating it, too. In late November, AWS unveiled a new service during its re:Invest event that lets clients build their own cloud-based blockchains, using Hyperledger Fabric or ethereum as templates for such projects. That announcement was the next step in a long-running process that has seen the cloud giant continuing to dip its toes ever-deeper into the blockchain pond. Previously, AWS showed its hand by striking partnerships with firms like bank-backed startup R3 and, later,…

‘Legendary’ PoS Creator Announces Plans to Remove Entry Barriers for Developers in 2019

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A blockchain project with the ambition of being at the forefront of a “brand-new digital economy era” has unveiled its vision for 2019-2020, with five important milestones that will enable its technology to evolve in line with the needs of its user base. VEE, the latest blockchain database project by Sunny King — the creator of PoS — is based on supernode proof-of-stake (SPoS) — a consensus algorithm that the company says is “currently up, running and extremely stable.” With a success rate of up to 99.99 percent for blocks…

‘Legendary’ PoS Creator Announces Plans to Remove Entry Barriers for Developers in 2019

boss

A blockchain project with the ambition of being at the forefront of a “brand-new digital economy era” has unveiled its vision for 2019-2020, with five important milestones that will enable its technology to evolve in line with the needs of its user base. VEE, the latest blockchain database project by Sunny King — the creator of PoS — is based on supernode proof-of-stake (SPoS) — a consensus algorithm that the company says is “currently up, running and extremely stable.” With a success rate of up to 99.99 percent for blocks…

Holiday Rally? Bitcoin Jumps 10% on Price Record Anniversary

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Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However, BTC, which had been ignoring extreme oversold conditions for weeks and struggling to pick up a bid, suddenly jumped to an eight-day high of $3,590 from around 12:00 UTC. As of writing, the cryptocurrency is changing…

Happy All-Time High Anniversary! – Bitsonline

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Happy All-Time High Anniversary! December 18, 2018 by Paul de Havilland Bitcoin hit its all-time high a year and a day ago. On December 17th, 2017 the OG cryptocurrency briefly tickled the underbelly of $20,000 USD. With most crypto news outlets publishing anniversary stories, we thought we’d wait a day to soak up the occasion and reflect on what the future might bring–as well as wheel out another gem from our favorite economist. Also see: Meet Hydro: Large Relayer Forking 0x, Axing ZRX Subscribe to the Bitsonline YouTube channel for great videos featuring…

Happy All-Time High Anniversary! – Bitsonline

boss

Happy All-Time High Anniversary! December 18, 2018 by Paul de Havilland Bitcoin hit its all-time high a year and a day ago. On December 17th, 2017 the OG cryptocurrency briefly tickled the underbelly of $20,000 USD. With most crypto news outlets publishing anniversary stories, we thought we’d wait a day to soak up the occasion and reflect on what the future might bring–as well as wheel out another gem from our favorite economist. Also see: Meet Hydro: Large Relayer Forking 0x, Axing ZRX Subscribe to the Bitsonline YouTube channel for great videos featuring…

Japan Reclassifies Crypto While Hong Kong Tightens Regulations

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Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin and altcoins under one category called ‘crypto assets’. According to local media the move has been implemented to reconfirm that they are not considered as regular currencies by the government. Last week an advisory panel…

Original Crypto Anarchist Who Was Displeased With Crypto Hype

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Timothy C. May, co-founder of the cypherpunk activist movement and author of “The Crypto Anarchist Manifesto” has passed away at the age of 67. That information was first shared on Dec. 15 by alleged cypherpunk member Lucky Green via Facebook. According to Green, May had most likely died of natural causes earlier last week at his home in Corralitos, California, although autopsy results are still pending. May is known as the author of “The Crypto Anarchist Manifesto” — published in 1988 — in which he predicted some elements of currently…