January 8, 2019

KodakOne Blockchain Beta Test Sees $1 Mln in Content Licensing Claims

January 8, 2019 boss

KodakONE — the developer of a blockchain-based image rights platform licensed by photographic industry giant Kodak — has reportedly generated over $1 million in licensing claims for image rights during a limited beta test of its platform. The news was reported by blockchain news source Breaker Mag on Jan. 8. As Cointelegraph previously reported, the KodakONE Image Rights Management Platform is an image copyright protection, monetization and distribution platform secured via blockchain. While the project is not run by the Eastman Kodak company itself, the industry stalwart has made RYDE…

Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter

January 8, 2019 boss

The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of reported $2.6 billion Ponzi scheme Bitconnect, daily newspaper The Sydney Morning Herald reports on Jan. 5. Bigatton is reportedly listed as a director and shareholder of BitConnect International Plc and the only representative of Bitconnect Australia. Bigatton’s wife, Madeline Bigatton, is reportedly the sole director and shareholder of JB’s Investment Management, a company whose assets have been frozen, that is believed to be linked to Mr. Bigatton. According to the…

XRP at 40 Cents an Illusion?

January 8, 2019 boss

Ripple Price is range bound with caps at 40 cents Ardo Hansson, a member of ECB, berate cryptocurrencies Trading volumes are low Although Dec 24 bull bar did rouse traders, XRP/USD is ranging with caps at 40 cents. Going on, we expect prices to expand above 40 cents towards 60 cents or higher in coming days. Ripple Price Analysis Overview With each passing day, XRP’s lack of volatility may be ideal for Ripple and banks transacting using xRapid. However, for traders, this stable coin status means XRP is one of…

ECB Policy Maker: Crypto Bubble Has Collapsed, Bitcoin Dill Die as a Complete Load of Nonsense

January 8, 2019 boss

According to an article by Bloomberg, published on January 7, 2019, European Central Bank (ECB) policymaker Ardo Hansson opines that cryptocurrencies are destined to die as a “complete load of nonsense.” The Crypto Bubble Has already Started to Collapse While the crypto market has somewhat recovered from its recent slump in November 2018, there are still naysayers of the infant industry who do not seem to be on board. Speaking at the “Five Years with the Euro” conference in Riga, Latvia, Hansson told the audience the crypto bubble has already…

Ethereum Classic Double Spending Involved More Than $1.1 Million in Crypto

January 8, 2019 boss

A deep reorganization of the Ethereum Classic (ETC) blockchain, which reportedly included double spending, has involved more than $1.1 million worth of crypto, United States crypto exchange Coinbase revealed Monday, Jan. 7. According to the Coinbase blog, the team first detected eight reorganizations that included double spends, totaling 88,500 ETC (approximately $460,000). Later, the exchange informed the public in an update that there were 12 additional reorganizations, totaling 219,500 ETC (around $1.1 million). It was not immediately clear whether Coinbase has increased the number of previously detected attacks to 12,…

Despite Reporting Revenue Losses, GMO Internet’s Crypto Mining Rewards Soar

January 8, 2019 boss

Japanese IT giant GMO Internet Group has published the latest monthly disclosure on its in-house crypto mining operations, confirming that it took a steep hit in overall mining revenue. GMO released the disclosure in a publicly available document on Jan. 8, also revealing a steady increase in its monthly Bitcoin (BTC) mining rewards. As previously reported, GMO’s consolidated losses for Q4 2018 totalled 35.5 billion yen ($320 million), with its unconsolidated loss tallying at around 38 billion yen ($334.5 million). As a result, the firm announced it would be shutting…

Despite Reporting Revenue Losses, GMO Internet’s Crypto Mining Rewards Soar

January 8, 2019 boss

BTC at $6,000 Ideal, Bulls Vibrant

January 8, 2019 boss

Bitcoin Price is up 8.6 percent at the time of press and firm above $4,000 Unverified sources indicate that Japan FSA gauging interest in Bitcoin ETF Trade volumes light and BTC/USD ranging in lower time frames Overly, the crypto sphere is vibrant. Lifting enthusiasm is bulls’ resilience and ability to maintain prices above $4,000 even with light volumes. Everything else constant, Bitcoin prices would rally towards $6,000 once there is a comprehensive break above $4,500. Bitcoin Price Analysis It’s back to green, and at the time of press, the world’s…

Canaan May Begin New York IPO by End of Q2 2019, Anonymous Sources Tell Bloomberg

January 8, 2019 boss

Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on Jan. 8, quoting anonymous sources. Canaan, China’s second-largest hardware player, could begin selling its shares in a private placement in the first half of this year, according to the people familiar with the matter who declined to reveal their identity. Canaan, like industry leader Bitmain Technologies, had originally planned to conduct an IPO in Hong Kong, but the $400 million plans lapsed in November. Without quoting the anonymous sources…

70% of Central Banks Involved in CBDC Research, Only Several Have Concrete Plans

January 8, 2019 boss

A new report published on Jan. 8 by the Bank for International Settlements (BIS) has found that seventy percent of central banks worldwide are conducting research into central bank digital currency (CBDC) issuance. However, concrete plans for implementation and motivations vary considerably across contexts. The BIS is an organization based in Switzerland made up of 60 of the world’s central banks, and has to date devoted a number of major reports to both decentralized cryptocurrencies and CBDCs. The latter are distinct from the former in that they are digital currencies…