January 17, 2019

BitGo Partners Genesis to Allow Institutions Trade Digital Assets Avoiding Crypto Exchanges

January 17, 2019 boss

Time is money and in business, money solves everything especially when you are doing business in such a volatile market as the crypto is. Experienced industry investors are very well aware of a price behind every minute lost in grappling with transaction delays. At the times of major price swings shattering the market almost on daily basis, you have to be flexible. However, you also want to be secure, but once you withdraw your money from a safe cold wallet putting them onto an exchange for trade, you automatically are…

MIT Profs Make Bold Claim about New Crypto

January 17, 2019 boss

Researchers at Standford and MIT have developed a new cryptocurrency that they tout as superior to bitcoin, crypto’s gold standard. | Source: Shutterstock Researchers from seven colleges across the United States are working together on a supposedly groundbreaking cryptocurrency project which they say will offer scalability beyond anything that bitcoin can offer. Will a Cryptocurrency Called Unit-e Supplant Bitcoin? Known as Unit-e, the proposed cryptocurrency will purportedly have the capacity to rival Visa and Mastercard in terms of transactions processed per second. The participating professors include prominent researchers from the…

ETH Set for $150, Bull Pin Bar Prints

January 17, 2019 boss

Ethereum Price finds support above $120 Analysts say Ethereum Futures are complicated Transaction volumes low, ETH/USD ranging Even without Constantinople, prices are steady, and although it may be months or even years before ETH Futures gain traction, bulls are vibrant. At spot rates, there is a demand for ETH and prices might soar to $170 by end month. Ethereum Price Analysis Fundamentals A day after Constantinople, Ether prices are faring quite well, and as developers prepare for another conference on Friday to deliberate and fix the next launch date, it…

Huobi Resumes Trading in Japan as FSA-Licensed Exchange

January 17, 2019 boss

Cryptocurrency exchange Huobi — currently the world’s 7th largest by daily traded volume — has relaunched as a fully licensed platform in Japan after merging with BitTrade. The news was announced in a press release published Jan. 17. As reported, Huobi Global’s wholly owned subsidiary, Huobi Japan Holding Ltd, acquired a majority stake in BitTrade last September. At the time, BitTrade was one of only 16 crypto exchanges in the country to have secured a license from national financial regulator, the Financial Services Agency (FSA). Leon Li, Huobi Group Founder and…

Please Do Not Store Crypto on Any Exchange

January 17, 2019 boss

Featured Image from World Government Summit/YouTube Jesse Powell, the CEO of a major crypto exchange Kraken, warned users of digital assets to not store funds on trading platforms. The warning of Powell follows a high profile security breach suffered by Cryptopia, a New Zealand-based crypto exchange known for its listing of a wide range of small market cap tokens. Why Investors Shouldn’t Hold Crypto on Exchanges Any application or platform connected to the internet by nature is hackable. In essence, centrally operated crypto exchanges are similar to banks in that…

XRP Demand Builds Up in Lower Time Frames

January 17, 2019 boss

Ripple price stable above 30 cents Ryan Zagone concludes lack of regulatory clarity impedes institutional adoption Average volumes decrease from 30 million to 24 million in three days Technically, XRP is bullish above 30 cents and 25 cents. As such, as long as prices accumulate above 30 cents, we expect a breakout lifting price above 35 cents to 40 cents in the next few days. Ripple Price Analysis Fundamentals Strides are being made, and one of them is the Euro Exim bank decision to integrate xRapid. While it is good…

Blockchain ‘Premature’ for Public Sector

January 17, 2019 boss

Lithuanian Agriculture Minister: Blockchain ‘Premature’ for Public Sector January 17, 2019 by Akshay Makadiya This week, one of Lithuania’s top agricultural officials said blockchain technology likely has a serious future in the agriculture industry. Yet the official, Vice Minister Venantas Griciūnas, also noted it was too early to integrate distributed ledgers in the public sector, lest the fledgling tech’s early vulnerabilities be exploited. Also read: The Unique Consensus Mechanism of Decred–Is This True Decentralization? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Not Ready for Implementation … Yet…

Blockchain ‘Premature’ for Public Sector

January 17, 2019 boss

OKCoin Founder Star Xu Seeks to Acquire Public Firm for $60 Million

January 17, 2019 boss

Star Xu, the founder of cryptocurrency exchange OKCoin, may be seeking a possible backdoor IPO for his firm by buying a majority stake in a Hong Kong-listed company. On Jan. 10, Xu (under his real name Xu Mingxing) filed with the Hong Kong Stock Exchange (HKEX) for approval to buy a 60 percent stake in a construction engineering firm called LEAP Holdings Group Ltd. Through his company OKC Holdings Corp., Xu is aiming to purchase approximately 3.2 billion shares of the company for HK$0.15 (around $0.02) per share. In total, the acquisition,…

Tech Firm IBM and MineHub Join to Build Blockchain-Based Platform for More Efficient Metals & Mining Supply Chain Solution

January 17, 2019 boss

MineHub Technologies, Inc. and IBM announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain — from mine to end buyer. The $1.8 trillion* global mining and metals market has traditionally suffered from inefficiencies due to manual, paper-based processes and a lack of transparency between supply chain participants. Blockchain technology helps address this problem. advertisement Goldcorp Inc., ING Bank, Kutcho Copper Corp., Ocean Partners USA Inc. and Wheaton Precious Metals Corp. are all working with…