January 17, 2019

UPS Unveils Equity Investment and Partnership With Blockchain B2B Firm Inxeption

January 17, 2019 boss

The investment arm of logistics giant UPS has made an undisclosed equity investment in United States enterprise blockchain company Inxeption, the firm confirmed in a press release Jan 16. Inxeption, which began operations in 2017, aims to use blockchain technology to improve various processes for businesses, including product design, manufacturing and supply chain management. Neither party has revealed the scope of the deal, which will reportedly see Inxeption and the UPS Strategic Enterprise Fund work in tandem in future to develop new features for Inxeption’s platform. “Business customers need secure…

Crypto Markets Stabilize With Scant Price Action Across the Board

January 17, 2019 boss

Thursday, Jan. 17: crypto markets are stable, with major coins seeing negligible price change over the 24 hours to press time. Most of the top ten cryptocurrencies seeing only mild losses, capped within a 2-3 percent range. Almost half the coins in the top ten-twenty range have tipped slightly into green, as data from Coin360 shows. Market visualization by Coin360 After an intraweek tumble to ~$3,550 Jan. 13, Bitcoin (BTC) is down a mild 0.9 percent on the day to press time, slipping from a 24-hour high of $3,685 to…

Bitcoin Price Volatility is Down 98% Year-on-Year

January 17, 2019 boss

Bitcoin price volatility has crashed in the last 12 months as the bear market killed off the speculative frenzy. Daily volatility, as represented by the spread between the price high and price low, stood at $61 yesterday – down a hefty 98 percent from the figure of $3,468 observed on Jan. 16, 2018 – according to CoinMarketCap data. Meanwhile, BTC is currently down 74 percent from the $13,836 opening price posted on the same date last year. With a sharp drop in price, volatility in dollar terms trends to go down. That…

Blockchain Supply Chain Platform Nets $16 Million in Series A Investment

January 17, 2019 boss

United States enterprise supply chain developer Chronicled has raised $16 million in a Series A funding round, the company confirmed in a press release Jan. 15. Chronicled — which will use blockchain technology to power a platform helping clients secure and automate supply chains — saw its round led by Hong Kong venture capital firm Mandra Capital. Streamlined Ventures, The Perkins Fund, Frank Fiore and David Aho also participated in the funding round The company reports it is planning to launch its platform this year. “While many companies in the…

Binance Freezes ‘Some’ Tokens Stolen From Cryptopia: CEO CZ

January 17, 2019 boss

Major Cryptocurrency exchange Binance has frozen tokens sent to its wallet by the entity who allegedly hacked New Zealand exchange Cryptopia, CEO Changpeng Zhao reported in a tweet Jan. 16. Cryptopia, which is currently shut down as police investigate the hack, lost at least $3.6 million in cryptocurrency, sources reported. While the total amount seized remains unconfirmed, social media users alerted Binance to suspicious transactions from addresses known to be related to the Cryptopia theft. Zhao subsequently said staff had been quarantining the tokens, which appeared to arrive in several…

Blockchain Regulatory Certainty Act on Congress’s Slate

January 17, 2019 boss

Blockchain Regulatory Certainty Act on Congress’s Slate January 17, 2019 by William Peaster After being drafted by Rep. Tom Emmer (R-MN) last fall, H.R.528, also known as The Blockchain Regulatory Certainty Act, has been formally introduced to the 116th House of Representatives. For now, the draft bill will head to the House Banking Committee and the House Judiciary Committee for debate before possibly being sent to the full chamber for a roll call vote. Also read: Bakkt Acquisition: Backend Buyup to Boost Crypto Amid Payments Wars Subscribe to the Bitsonline YouTube channel for…

Blockchain Regulatory Certainty Act on Congress’s Slate

January 17, 2019 boss

Thailand Stock Exchange Applies for Digital License for Crypto Trading

January 17, 2019 boss

Thailand is rapidly becoming one of the most crypto friendly nations in Southeast Asia despite still being in the grips of a military dictatorship. The Stock Exchange of Thailand (SET) has plans to apply for a digital license which will enable it to operate a cryptocurrency exchange. Thai Bourse Eyes Crypto The SET is keen to get on the growing trend of digital asset trading which is extremely popular in the region. According to Pattera Dilokrungthirapop, the chairwoman of the Association of Securities Companies and vice-chairwoman of the SET’s board…

WWF Launches Blockchain Tool to Track Food Along Supply Chain

January 17, 2019 boss

World Wildlife Fund-Australia (WWF-Australia) has announced the launch of a supply chain tool that uses blockchain to allow businesses and consumers to track food items, according to a tweet today, Jan. 17. The platform, dubbed OpenSC, is the product of a partnership between WWF-Australia and BCG Digital Ventures (BCGDV) — the global corporate venture, investment and incubation arm of United States-based Boston Consulting Group. According to a post on the WWF site, the system allows both businesses to track products they produce, and consumers to view the origins of said…

Bitcoin Price Watch: BTC At Risk of Sharp Decline, Could Retest $3,400

January 17, 2019 boss

Bitcoin price failed to recover above the $3,650 resistance and declined recently against the US Dollar. There was a break below a major contracting triangle with support at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading in a bearish zone and it may accelerate losses to $3,500 and $3,400. Bitcoin price is under selling pressure below $3,650 against the US Dollar. There are high chances of more losses in BTC below $3,500 and $3,450 in the near term. Bitcoin Price…