Day: December 27, 2018

US Defense Dept. Wants to Use Blockchain to Improve Disaster Relief

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Blockchain could make its way into disaster relief operations from the United States Department of Defense, the organization revealed in a press release Dec. 21. During a presentation hosted by the Defense Logistics Agency Troop Support’s Continuous Process Improvement (CPI) office in Philadelphia earlier this month, officials reviewed how blockchain technology could help emergencies responses. Efforts to provide aid following Hurricane Maria in Puerto Rico were used as a case study. “We think there’s a lot of potential [in blockchain],” CPI management analyst Elijah Londo commented, quoted in the press…

Former Mt. Gox CEO Karpeles Declares Innocence in Final Argument

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Mark Karpeles — the former CEO of now-defunct cryptocurrency exchange Mt. Gox — has affirmed that he is not guilty in the final argument for his trial, Cointelegraph Japan reports Dec. 27. In court in Tokyo on Thursday, Karpeles apologized for not being able to avoid his exchange being hacked, but also reiterated the idea that he is innocent. As Cointelegraph Japan reported, in July, he declared that he treated the subtracted money “as a loan from the company,” and that he was going to settle later. Mark Karpeles has…

Ripple Price Analysis: XRP up 5.1 percent, Extra Liquidity From Binance

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Latest Ripple News While Sep 2018 saw XRP prices expand 400 percent from lows of 25 cents and at one point printing 90 cents, its growth didn’t go unnoticed. At current prices, XRP is the second most valuable coin in the space overtaking ETH for the first time since the launch of the former back in 2015. Its infrastructure has continued to grow but the government involvement and investor apprehensiveness to invest in projects has seen its overall valuation shrink. On the other hand, the constant promotion of Ripple and…

Bitcoin Stabilizes as Most Top 20 Coins See Mild Losses

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Dec. 27: Bitcoin (BTC) is staying stable while major altcoin markets are showing signs of a fresh downward trend, led by Bitcoin Cash (BCH). Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 showed a mixed but broadly calmer top twenty assets by market cap, compared to last week’s volatile activity. BTC/USD, which had gained over $1,000 to hit intra-week highs around $4,230 Dec. 23, has since begun a U-turn, hovering around $3,800 since Christmas Eve while trading in a narrow corridor. At press time, the pair traded…

EOS Contract Joins Bitcoin and Ethereum on Huobi Derivative Market

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Photo: Huobi Global / Facebook This Christmas season is rich in different crypto news from numerous projects and it looks like they are doing their best to finish this controversial year for the crypto industry on good terms. As it has been recently revealed, the Singapore-based cryptocurrency exchange Huobi’s derivatives wing, known as Huobi Derivative Market, is going to introduce an EOS contract. EOS in 2018 According to the Huobi’s plans, the EOS coin will be added to the exchange’s trading service this Friday, on December 28. Such a move will contribute…

Bitcoin Price Analysis: BTC Steady, RBI Might Legalize Cryptocurrencies

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Latest Bitcoin News Even if there are regulatory questions about the legitimacy of digital assets and other blockchain derivatives as cryptocurrencies, these solutions are finding use cases. Bitcoin is especially an innovation borne out of necessity, and ten years later, the asset has been disrupting thanks to its inherent properties as privacy, speed, and general efficiency. Furthermore, there is solid development as far as off-chain solutions are Lightning Network is concerned. The network capacity is up 13 percent to 511 BTCs or $1,939,469.35 at the time of press. The coin’s…

Bitcoin Price & Technical Analysis: BTC Losing Its Way

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Photo: Roboforex / TradingView Bitcoin is somewhat losing its value on Thu Dec 27, trading at $3876.80, reports Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On H4, one can see the crypto failed to reach the 38/20% Fibo extension. Both the MACD and Stochastic signaled a downtrend as they diverged. The price already broke out the ascending channel support and is now testing the projection channel one. In case $3,798.80 is broken out, the price may plunge further to $3,541.60 and 3,215.20. This will be confirmed in case the MACD forms…

The Daily: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin

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In today’s edition of The Daily we feature the latest sports sponsorship by the cryptocurrency community. We also cover stories about new statistics on bitcoin usage in Israel, mining malware growth during 2018, and another bank blockchain patent. Also Read: Investment Robo-Adviser Wealthfront Adds Support for Coinbase UFC 232 to Have Official Cryptocurrency Partner The Litecoin Foundation has announced that it will be the Official Cryptocurrency Partner of UFC 232: Jones vs. Gustafsson 2, which will take place this Saturday, Dec. 29. The Ultimate Fighting Championship event will feature a rematch…

Corporate Blockchain Adoption Reaches 44%, Says Survey

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Indian telecoms giant Tata Communications named the key barriers to blockchain adoption for businesses globally, in a survey published Dec. 12. Part of a survey on emerging sectors — dubbed ‘The Cycle of Progress’ — Tata’s report noted concerns around costs, security and privacy as the “key adoption barriers for business decision makers” considering the implementation of new technologies. The survey also highlighted a growing skills gap as one of the major challenges in the adoption of new technology, including blockchain, artificial intelligence (AI) and the Internet of Things (IoT).…

Litecoin Becomes Official Cryptocurrency Partner Of UFC Fight

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Litecoin will be the Official Cryptocurrency Partner of Ultimate Fighting Championship or UFC 232, according to a blog post by the Litecoin Foundation. The partnership is part of its efforts to expand the adoption of digital currencies, it said. The Foundation will sponsor the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson this Saturday evening in California. As part of the partnership, the logo of the digital asset will be displayed around the Octagon, exposing the currency to millions of viewers around the world. Litecoin Foundation said,…