Day: December 21, 2018

Wyoming Targets Land Records in Blockchain Project With Overstock

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Wyoming has continued its blockchain integration via a new partnership with online retailer Overstock targeting land records, a press release confirmed Dec. 20. Signing a Memorandum of Understanding (MoU) with administrators in Teton County, Overstock subsidiary Medici Land Governance will seek to develop and release a “blockchain-based land records and information platform” next year. “We are proud to see Wyoming lead the way in implementing cutting-edge technologies, such as blockchain, into existing markets like land registry,” Sherry Daigle, Teton County’s county clerk commented. She added: “With Medici Land Governance’s expertise,…

The Daily: Bitcoin Posts Record Volume, Ledger Plans Major Update

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The news is bullish in this edition of the The Daily, mirroring the mood of the crypto markets. We’ll start by delving into BTC’s record-breaking day for trading volume and then examine a couple of stories that suggest 2019 is poised to get off to a very positive start. Also read: Only Sharks Will Feed on the Crypto Market’s Elusive Price Bottom BTC Posts Record Daily Volume It’s not just the price of bitcoin – both cash and core – that’s been shooting up this week – volume has followed…

Irish Red Cross Partners on Blockchain-Powered App to Bring Transparency to Donations

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A Dublin-headquartered startup has teamed up with the Irish Red Cross to use blockchain technology in a new app that improves transparency for charitable donations. The partnership was reported by local daily broadsheet The Irish Times on Dec. 19. The startup, dubbed AID:Tech, is partnering with the Red Cross for use of its consumer-oriented mobile app “TraceDonate,” which has been designed so that donors know exactly how their contributions to charitable causes are being spent. By improving transparency around the distribution of charity, the app aims to boost trust and…

U.S. Sanctions have Led to Rise in Bitcoin Mining in Iran

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Even though the Iran Rial is weakening against the USD, as well as the bear market Bitcoin and other cryptocurrencies are facing, many Iranians are turning to mine digital tokens to help make money, as per a report on December 17, 2018. The report goes into the lives of two Iranians, Ali Hosseini and his cousin Pedram Ghasemi who began mining in October 2018 months ago and haven’t looked back since.  Current State in Iran Conducive to Bitcoin Mining Armed with a bachelor’s degree in information technology, Hosseini and his cousin began mining…

Executives at Korean Crypto Exchange UPbit Indicted for Fraud

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The executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors. According to a report from CoinDesk Korea on Friday, the Prosecutors’ Office of the southern district of Seoul has indicted three senior staff members, including founder Song Chi-Hyung, on charges of fraud. The executives are alleged to have made fraudulent transactions between September to December of last year, using a fake corporate account to make bogus orders worth 254 trillion won (or $226.2 billion) to inflate trading volume figures and attract more customers…

“Crypto Companies Will Choose the Governments the Most Open to Them,” Tim Draper and Others Forecast for 2019

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2019 is set to be a year which cleanses the crypto market of scammers, brings about more comprehensible regulation of crowdfunding campaigns, the advancement of DEXs and related technologies, and the expansion of companies applying decentralized technologies. Here are some forecasts for the crypto industry for the upcoming year which, of course, should be taken only as a set of opinions and not a direct guide to action. ICO/STO The year 2018 marked the great ICO hangover with a tenfold decrease in total funds raised through token sales in November…

Coinbase Expands Trading Platform Across Six Additional European Markets

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Lithuania, Gibraltar, Iceland, Guernsey, Andorra and the Isle of Man now have Coinbase as an option. Coinbase has announced news it has launched its services across six additional European markets as part of an aggressive expansion. The market-leading crypto exchange is planning a more aggressive approach in 2019 by pushing the boundaries in exciting new global markets. The San Francisco-based crypto exchange is expanding its trading platform to new markets in Europe that include Lithuania, Gibraltar, Iceland, Guernsey, Andorra and the Isle of Man. Simplifying Cryptocurrency Trading in Europe Coinbase…

About Time Facebook Launches Its Own Crypto, Bolsters Adoption

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Even amid 2018’s crypto market downturn, reports have recently begun to sprout up that Facebook, one of the largest technology giant on Planet Earth, has started to earnestly dive into blockchain development. This week, NewsBTC reported that Facebook’s in-house blockchain branch, a project headed by former PayPal president David Marcus, has undergone breakneck expansion efforts. An exclusive report from Cheddar has revealed that Facebook’s “small” blockchain consortium has been bolstering its defenses behind closed doors. Citing sources, the outlet’s journalists noted that nearly 40 staffers, which primarily consist of savvy blockchain talents and…

This Price Chart Indicates Bitcoin’s Bulls Are Back in Business

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Bitcoin (BTC) is looking increasingly bullish on a key technical chart following its strong move above $4,000. The leading cryptocurrency by market value first teased bullish reversal on Dec. 17 with the creation of an “outside reversal” candle on the widely followed 3-day chart. The early indicator of a bearish-to-bullish trend change, however, needed confirmation in the form of a positive follow-through. Alongside BTC’s $600 rally, the cryptocurrency closed above $4,000 yesterday confirming the bullish reversal on the 3-day chart. BTC, therefore, could rise to next major resistance of $4,400…

This Price Chart Indicates Bitcoin’s Bulls Are Back in Business

boss

Bitcoin (BTC) is looking increasingly bullish on a key technical chart following its strong move above $4,000. The leading cryptocurrency by market value first teased bullish reversal on Dec. 17 with the creation of an “outside reversal” candle on the widely followed 3-day chart. The early indicator of a bearish-to-bullish trend change, however, needed confirmation in the form of a positive follow-through. Alongside BTC’s $600 rally, the cryptocurrency closed above $4,000 yesterday confirming the bullish reversal on the 3-day chart. BTC, therefore, could rise to next major resistance of $4,400…