Day: January 9, 2019

Holberton School Receives $10,000 Bitcoin Donation for Supporting Blockchain Technology

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Nathan Pitruzzello, the co-founder of Scroll Network, recently showed his support for Holberton School New Haven by donating $10,000 in bitcoin (BTC) according to a January 7, 2019, report. Scroll Network is a data storage and management platform that leverages in-house blockchain technology. The entrepreneur cited the schools “approach to providing cutting-edge software engineering training to people from different backgrounds, including entrepreneurs like [himself]” as the reason for financially supporting the institution. The donation was made in bitcoin and will go towards helping students offset their living expenses while attending…

Report: Central Banks Cautious On Issuing Digital Currency

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A global survey shows that central banks are proceeding with caution on issuing their own digital currency, and most of them are only at a conceptual stage. Swiss-based Bank of International Settlements (BIS surveyed 63 of its members on central bank digital currencies (CBDC), a form of government issued digital money that might not necessarily be underpinned by blockchain, as the case is with bitcoin. BIS, which serves as a bank for central banks, is the oldest global financial institution and operates under the auspices of international law. Responses from…

Blockchain is Boosting the Health Sector by Unifying Patient Data and Increasing Funding for Medical Research

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People are living longer in the 21st Century, but what’s less recognized is that, despite our increasing longevity, we’re also getting sicker. According to research, the number of people over 65 afflicted with at least four medical conditions is on course to rise by 100 percent by 2035. As can be imagined, such a jump in illness is going to place an increasingly heavy burden on medical institutions and services, with the implication being that we — as a global community — need to find new, innovative ways of dealing…

Bitcoin Holds Above $4,000 Amid Checkered Market Outlook

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Wednesday, Jan. 9 — crypto markets are continuing to show mixed signals, with most of the top market cap coins seeing mild changes both red and green. Bitcoin (BTC) is holding justabove the $4,000 mark, as Coin360 data shows. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has been jaggedly trading sideways over the past three days, and is currently down a mild 1.4 percent on the day, trading at $4,048. Having broken the $4,000 resistance on Jan. 6, Bitcoin spiked to around $4,100, subsequently continuing to fluctuate range bound…

Bitcoin ATMs Continue to Spread Across the Globe

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News There are now over 4,000 bitcoin ATMs throughout the world, global statistics provided by Coinatmradar.com show. Nearly all of them support bitcoin (BTC) and a growing number are supporting bitcoin cash (BCH). Most of the machines, also known as BATMs, can be found in the U.S., though their presence is steadily growing, not only in developed European countries, but in Latin America and Asia too.  Also read: Why Colombia Has Become a Hotspot for Bitcoin ATMs The US and Europe According to data from Coinatmradar.com, the U.S. has the highest number of…

Crypto Platform Tron Hires Former SEC Attorney as First Chief of Compliance

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Blockchain platform TRON has hired a former United States Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer. The company has revealed this to Cointelegraph in a press release on Jan. 9. David Labhart, who previously worked as an attorney for the U.S. regulator, will also take on the role of co-general counsel at the company. TRON, along with its associated TRX token, has built a major presence over the past year, in part due to the continued, and at times controversial, publicity efforts centred around…

TRX $800 million Away from the Top 4

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Tron Price add to their gains, surge 44 percent from last Wednesday Questions linger on whether proof of work alternatives truly embody blockchain principles Transaction volumes on the rise, daily printouts exceed recent averages TRX is back to the top 10 and is a top performer adding 44 percent in the last week. With trend and pattern defined, traders should aim at 4 cents in the near term. Tron Price Analysis Overview Tron is on an uptrend, posting impressive gains and short $800 million from the top 4. It’s up…

SCL Elections prosecuted for failing to comply with enforcement notice

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SCL Elections Ltd, also known as Cambridge Analytica, has been fined £15,000 for failing to comply with an enforcement notice issued by the Information Commissioner’s Office (ICO). The company appeared at Hendon Magistrates’ Court and pleaded guilty through its administrators to breaching s47 (1) of the Data Protection Act 1998. The criminal prosecution related to the company’s failure to respond to an enforcement notice issued in May 2018, which ordered the company to respond in full to a subject access request submitted by Professor David Carroll, a US-based academic. As well as…

Decentralized Platform Qtum Introduces Bitcoin Atomic Swaps to Its Mainnet

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Blockchain platform Qtum is introducing Bitcoin (BTC) atomic swaps to its mainnet infrastructure, according to a press release shared with Cointelegraph Jan. 9. Atomic swaps are a technology that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure. The implementation of Qtum-to-BTC atomic swaps has been achieved with the use of the Hash Time-Locked Contracts (HTLCs) technology and is based on the code of the open-source cryptocurrency Decred. HTLC — according to Qtum’s announcement — are the most secure…

BTC Ranging, Russia’s Grand Plans

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Bitcoin Price is ranging inside Jan 6 high low Russia may convert their USD Reserves to BTC to bypass sanctions Trading volumes are low Technically, BTC is bearish from a top-down approach but bullish in the short term. We expect ecstatic buys if bulls drive prices above $4,500 and, in that case, first targets will be at $6,000. Bitcoin Price Analysis Overview At the time of press, BTC is up 5.3 percent against the USD in the last seven days. Nonetheless, we are net bullish and expect prices to recover…