Day: January 3, 2019

10 Years Ago Bitcoin’s Genesis Block Changed the Course of History

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Blockchain Over the last 12 hours, cryptocurrency supporters across the globe have been celebrating the 10-year anniversary of the Bitcoin genesis block which was mined at approximately 18:15:05 UTC. Die-hard crypto enthusiasts believe the software released by the anonymous creator Satoshi Nakamoto has forever changed the way people look at money, and that the technology’s effect on the global economy will transform the course of history. Also read: 2018’s Top Cryptocurrencies Ranked by Github Activity 10 Years of Dust Sent to the Genesis Block’s Wishing Well On Halloween 2008, an anonymous…

Bitcoin Turns Ten on Anniversary of Genesis Block

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Today, Jan. 3, marks ten years since the creation of the very first block on the Bitcoin (BTC) blockchain. Known in more technical parlance as a “genesis block,” the first block on a blockchain is unique in that it — logically — contains no reference to any previous blocks, and is always hard-coded into the network’s software, establishing all of the necessary variables required to create the ensuing blockchain. Whereas Bitcoin’s theoretical foundations were laid with the publication of the Bitcoin whitepaper on Oct. 31, 2008, Jan. 3, 2009 heralds…

Bitcoin Too Scammy, Volatile for Broad-Based Adoption: Analyst Mark Dow

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The trader who closed his short position after bitcoin fell 80 percent last year doubts whether the flagship cryptocurrency will ever attain a broader adoption. Bitcoin-Short Trader Bearish on Future of Crypto Adoption Mark Dow, a former International Monetary Fund (IMF) economist, said in a tweet that the world’s leading digital currency “lacks a credible use case” to withstand the bearish sentiment. He discredited bitcoin‘s potential of becoming a store of value asset, stating that those who make these claims are delusional and scammy. I’ve yet to hear a positive, credible…

Bitcoin, Ether, and XRP Weekly Market Update: January 3, 2019

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The total crypto market cap added $3 billion during last week, but it is still down with approximately $485 billion since the same time a year ago. Ethereum is leading the recovery after jumping 17 percent and returning to the second spot as the most valuable cryptocurrencies. BTC-USD Bitcoin moved below the $3,800 mark once again on December 27 in a 5.6 percent drop. The most popular cryptocurrency failed to meet a new high in December since it peaked at $4,200 on December 20, following a mid-month crash to $3,200.…

Chilean Treasury Launches Blockchain Platform to Process Public Payments

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The Chilean General Treasury of the Republic (TGR), which oversees tax collection in the country, has launched a blockchain platform to process payments, according to a press release published Dec. 19. TGR — a dependent institution under the Ministry of Finance — reportedly first met with the Digital Government Division of the Ministry General Secretariat of the Presidency of Chile to discuss the pilot in October, 2018. At that time, officials announced they would create a blockchain platform to connect citizens, financial intermediaries and suppliers. According to the December statement, the…

Deutsche Bahn AG and Unibright Form Partnership to Tokenize the Former’s Services

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Deutsche Bahn AG is the leading train operating company in Germany and through its years of experience has been able to put several services together for its customers. Getting tickets from Deutsche Bahn AG has been made easy since there are several online ticketing platforms available along with a mobile app. In addition to providing transportation services, Deutsche Bahn AG also offers access to taxis, restaurants, hotels among other services. But to reach a broader region, Unibright’s expertise comes in. In order to make Deutsche Bahn AG’s services available to…

Tron Price Analysis: TRX Print Higher, ERC-20 Tokens Now “Artifacts”?

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Latest Tron News By destroying an additional 182 million TRX ERC-201 tokens, Justin Sun is confirming his distaste of ERC-20 tokens. Back in November 2018 when he announced on Twitter that the platform has burnt $800 million worth of ERC-20 tokens, he let the whole know of his sentiment although Ethereum was where Tron steadied before launching their own blockchain, virtual machine and even tokens—TRC-10 and 20 tokens. I just burned 800 million USD worth $TRX ERC20 tokens. $TRX ERC20 tokens will soon become historical artifacts? Don’t forget to keep…

BitTorrent Launches Native TRON-Based Token

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Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph Jan. 3. The token can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing ecosystem — which reportedly serves over 100 million users — comes around six months after the company was acquired by decentralized internet startup TRON for an undisclosed amount. BTT tokens, which are…

Major Crypto Exchanges are Focusing on OTC, Do They See Big Institutional Demand?

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Since Bitcoin (BTC) found its all-time high in late-December 2017, two weeks shy of one fateful year ago, the leading cryptocurrency has fallen by a jaw-dropping 81%, posting a performance that would make speculators shudder. Yet, dozens of reports indicate that institutional players have only advanced further into the battlefield that is crypto, infusing hundreds of millions, if not billions of dollars worth of capital into BTC and its altcoin brethren. Although these reports have been deemed credible by a myriad of industry commentators and analysts, the market has barely budged, which begs the…

Ripple Price Analysis: XRP Bearish Below 40 Cents, NY Ready to Explore

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Latest Ripple News Enthusiasts often paint a rosy picture on the burgeoning internet of value claiming it will disrupt and eventually replace centralized set-ups. But before this come to pass, the community understands that education and general awareness is key. It is for this reason that Ripple has so far donated $80 million to various causes. On their part, regulators from around the world are keen on executing their mandate in a world that promise to operate on auto-pilot with systems set to cut-off third parties. As the ecosystem matures,…