Day: January 4, 2019

Bitcoin ar Right Side of History as Brazen US Foreign Policy Pushes Rivals to Ditch Dollar

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News As President Donald Trump presides over geopolitical shape-shifting as the poster boy of separatist politics, the most significant clapback yet may be loss of confidence in the U.S. dollar. The dollar has been politically weaponized in the service of American interests and now other global powerhouses are betting on taking back control of their economies by phasing out the dollar as the de facto medium of international trade. Also read: Over 900 Retailers Worldwide Now Accept Bitcoin Cash Rival Countries Gang up to Seek U.S. Dollar Replacement Over the past…

ConsenSys and AMD to Jointly Develop Blockchain-Based Cloud Computing Infrastructure

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Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are jointly working on a blockchain-based cloud computing infrastructure. ConsenSys announced the collaboration in a press release published on Jan. 4. Per the release, the companies have partnered to create the so called W3BCLOUD aimed at the development of AMD hardware-based datacenter products for emerging blockchain workloads. Within the collaboration, ConsenSys will provide expertise in the field of computing in blockchain transactions, security issues, and use cases for the technology. According to the statement, W3BCLOUD would…

Bitcoin (BTC) Creator Satoshi Nakamoto More Powerful Than Facebook CEO, Bakkt CEO, Elizabeth Warren

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Satoshi Nakamoto — The Bitcoin (BTC) Enigma  Ten years ago, sequestered away from the outside world, Satoshi Nakamoto, the individual or group responsible for Bitcoin, mined the first block ever on the nascent network. And while the network’s origins were nothing spectacular — as rumor has it that the creator processed blocks with a mere desktop, which probably ran loud and was poorly insulated — a revolutionary force was set in motion nonetheless. Bitcoin’s creator acknowledged the potential paradigm-shifting power of their innovation, transcoding a pertinent headline from British newspaper…

BTT Token Coming Soon | First Step in Supporting Decentralized Internet

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On Thursday, January 3rd, BitTorrent, Inc. said that it plans to launch a crypto token, called the BitTorrent token (BTT). While many have done something similar, CEO Justin Sun described the BTT token as having a competitive edge. BTT Token Coming Soon According to Sun, the BTT token is “the first in a series of steps to support a decentralized internet.” For the most part, the BitTorrent token will be used to achieve quicker download speeds. It can be bought, sold, and traded. Speaking further on the matter, Sun said…

Bitcoin Price | Holding Steady Near $3,800, Corrections Across the Market

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Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa. Bitcoin Price Disappointingly, the coin has failed to break back above the $4,000 mark that it fell below one month ago. It seemed like it might do that this week, as we saw several bursts. However, Bitcoin price remains steady as it holds firmly, and predominantly, between the $3,800-$3,900 price points.…

Ethereum Extends Impressive Run, up 35% in 1 Week: Factors and Trends

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In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of the best performing crypto assets throughout the past two months. Can the Constantinople Fork Effect Continue to Fuel Ethereum? Analysts have attributed the positive price movement of Ethereum to its upcoming Constantinople hard fork. The…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Jan. 4

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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.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The first ever bitcoin was mined 10 years ago on Jan. 3, 2009. Since then, the original cryptocurrency has been on a wild ride. The naysayers continue to believe that Bitcoin is a scam and it can neither become a currency nor can…

Blockchain Project Aims to Reform Traditional Lottery in Nigeria

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On Dec. 13, Quanta Plc., owner of Quanta Technology Limited, a blockchain lottery operator, announced it had signed contracts to acquire a stake in International Lottery and Gaming Limited (ILGL). As Quanta reports, this is ”the world’s first deal to reform traditional lottery.” The companies say that Quanta’s blockchain-based lottery technology will help increase the transparency and fairness of Nigeria’s gaming market. Quanta claims to be “the world’s first fully licensed blockchain lottery.” The company started operations in 2015, and in 2017, received a license from the Isle of Man’s…

EOS and Ethereum (ETH) Update, is 2019 Their Year?

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Today, we’re taking a closer look at EOS and Ethereum (ETH). The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again.  EOS EOS remains the…

Overstock to pay taxes in Ohio using Bitcoin

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Overstock is set to be the first major company that will pay its taxes in the state of Ohio using Bitcoin. The move is possible thanks to the US state passing a law that allows individuals and companies to pay taxes using crypto. The online retail giant said the step was part of continuous efforts to promote the use of cryptocurrencies. Overstock will lead the way by paying taxes using Bitcoin Patrick Byrne, the founder, and CEO of Overstock praised Josh Mandel, the Treasury of Ohio for making the state…