Day: January 10, 2019

Ternio Launches Crypto Debit Card

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Ternio, which offers scalable blockchain architecture for enterprise companies, has introduced its first product for the general public called the BlockCard. The BlockCard is a physical debit card that allows users to spend the value of their cryptocurrency with the same ease as traditional credit cards. The card can be used online or in physical store locations, anywhere in the world major credit cards are accepted. Card holders can spend their Bitcoin (BTC-USD), Ethereum (ETH-USD), Stellar Lumens (XLM-USD) and Ternio (TERN) anywhere in the world major credit cards are accepted,…

Bitmain Co-CEOs to Keep Decision Making Power in Executive Swap, Report

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Chinese Bitcoin mining giant Bitmain’s co-founders Jihan Wu and Micree Zhan Ketuan will quit their posts as co-CEOs but still steer the company’s important decisions. Hong Kong-based English-language news outlet South China Morning Post reported the news Jan. 10. Referencing anonymous “people familiar with the matter,” the publication said Bitmain’s director of product engineering Wang Haichao would likely take over as CEO at an unspecified future date. Haichao has allegedly already taken over some of the duo’s former duties. The reshuffle, which Bitmain declined to formally confirm, follows several weeks…

Samsung NEXT Technical Director Values Decentralization Above Blockchain

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Decentralization is a more important phenomenon than blockchain, a senior executive at South Korean tech giant Samsung said in an interview with computing magazine JAX Jan. 10.   Speaking about the future of blockchain, Ricardo J. Méndez, Technical Director at the firm’s innovative technology arm Samsung NEXT, forecast a consolidation of the space in the coming year, but underscored the importance of reshaping centralized structures. Asked whether he thought decentralization was more important than blockchain, Mendez replied: “Without question. Blockchain is just one more tool, and one that can help…

Malware Study Claims Criminals Mined 4.4 Percent of Monero, Less Than Previously Thought

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Cryptocurrency mining malware is responsible for less of the supply of altcoin Monero (XMR) in circulation than previously thought, new research published Jan. 3 claims. A joint effort by researchers at King’s College London and Carlos III University in Madrid, Spain, the study analyzed huge swathes of malware over a twelve-year period. “In this paper, we conduct the largest measurement of crypto-mining malware to date, analyzing approximately 4.4 million malware samples (1 million malicious miners),” authors Sergio Pastrana and Guillermo Suarez-Tangil confirm. According to their calculations, Monero, which continues to…

Will the Struggles Extend to 2019?

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2018 has been a difficult year for Bitcoin and crypto miners. Some of the largest multi-billion dollar businesses in Asia recorded losses in the range of hundreds of millions of dollars. As Japanese internet conglomerate GMO and the industry’s largest mining equipment manufacturer, Bitmain, reportedly struggled throughout the year, the entire sector is said to have ended the year with significant losses, following the trend of the two companies. $320 million loss for GMO GMO, one of the most influential internet companies in Japan, recorded a loss of over $320…

Bitcoin Price Slips Below $3.8K as Bullish Bets Tank

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Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices. As of writing, BTC is changing hands at $3,780 on Bitstamp – down 5 percent on a 24-hour basis – having found offers above $4,000 at 06:00 UTC. Notably, the price drop is accompanied by a decline in the bullish bets. For instance, the BTC/USD long positions on the Bitfinex exchange fell to an eight-day low of 31,237 earlier today and are currently down 8 percent at 31,255 – the biggest single-day drop since Dec.…

Bitcoin, Ether, and XRP Weekly Market Update: January 10, 2019

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Total crypto market cap added $5 billion during last week and now sits at $138. TRON, Cardano, and Litecoin are the biggest gainers among top ten currencies with two-digit raises while ETH and BCH made a slight downward correction. BTC-USD The Bitcoin bulls have been successfully defending the $3,800 territory since December 28, 2018, when we last saw price below this level. The bad news is that $4,200 and above levels are still out of reach and looks like current volumes are not enough to trigger a major trend reversal.…

VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos

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Photo: VeriBlock / Twitter Recently, Bitcoin developers noticed some strange activity on the blockchain. Specifically, a large number of unidentified OP_RETURN transactions were discovered, according to Forbes. OP_RETURN is a type of Bitcoin transaction that is used for embedding data into the blockchain. It can be used for anything from proving the existence of some data at a specific point in time (proof-of-existence) to issuing new assets, such as the controversial US dollar-pegged Tether, on top of the Bitcoin blockchain. This function accepts a user-defined sequence of up to 40…

Crypto Mining Giant Bitmain to Appoint New CEO

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The bear market of 2018 has hit crypto mining companies particularly hard as mining on certain types of hardware is no longer profitable. Falling prices and hashrates have dropped difficulty somewhat but not enough to prevent the founders of the world’s largest mining company to step down as it readies to appoint a new boss. Bitmain has been in the news recently for all the wrong reasons, laying off employees and downsizing is bad news for the crypto industry but inevitable in the circumstances. However, as company co-founders Wu Jihan…

First Ever Dividends Paid to Investors by the Instant Crypto-backed Loans Provider NEXO

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Photo: Nexo / Medium Though the previous year became a real challenge for numerous crypto firms and private traders, Nexo has managed not just to survive but also to successfully distribute over $900,000 in Nexo tokens (NEXO) to its holders. The company positions itself as the world’s first instant crypto-backed loans provider. It took its crypto lending model just 6 months to bring the project a net profit of $3,040,239. Recently, the project has published its interim report revealing that those people who had made investments in Nexo during or after…