January 31, 2019

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

January 31, 2019 boss

Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers to create projects which promote social good, the press release notes. ETHDenver — set to take place February 15-17 in Denver, Colorado — has partnered with UNICEF Ventures, UNICEF France and ETH startup Bounties Network on the prototype for what it calls a “positive action token,” the firm stated in the press release. While the token is yet…

South Korea Will Maintain ICO Ban After Finding Token Projects Broke Rules

January 31, 2019 boss

South Korea’s top financial regulator has said it will not lift the ban on domestic initial coin offerings (ICOs) after finding that some projects have been violating rules.As ICO investment is a “high risk” activity, the Financial Services Commission (FSC) said, calling on the public to exercise caution when investing in token projects, according to a report from CoinDesk Korea. The FSC decision was informed by the results of a survey conducted by the Financial Supervisory Service (FSS), indicating that some ICOs purportedly conducted abroad had also illegally raised money…

On the SWIFT and R3 Blockchain Team-Up: What’s the Deal?

January 31, 2019 boss

On the SWIFT and R3 Blockchain Team-Up: What’s the Deal? January 31, 2019 by William Peaster International payments powerhouse SWIFT has announced it will be linking R3’s Corda blockchain to its Global Payments Innovation (GPI) framework. The meld will allow Corda users to quickly settle cross-border payments via SWIFT’s new GPI Link portal. Also read: Gemini Exchange Touts Major Audit with ‘Big Four’ Auditor Deloitte Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts R3 Blockchain Corda to Be Usable in SWIFT GPI Via Newly Developed Link The…

On the SWIFT and R3 Blockchain Team-Up: What’s the Deal?

January 31, 2019 boss

Danish Government’s Energinet Signals Iota Deal to Improve Energy Sector Offerings

January 31, 2019 boss

Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30. Energinet, which is an independent enterprise under Denmark’s Climate and Energy Ministry, wants to examine how it could leverage Iota’s Tangle technology in the energy and Internet of Things (IoT) markets. The two entities have worked together on a data marketplace initiative since late 2017, a larger project involving other companies. Energinet market developer André Bryde Alnor commented on the…

New Bitcoin-Backed Stablecoin Goes Live on the Ethereum Blockchain

January 31, 2019 boss

Photo: Stig Morten Waage / Flickr In 2018, the entire community was discussing the benefits of stablecoins. Startups were actively launching their U.S. dollar-backed digital assets, deeply believing that the support of the fiat currency will help them to overcome the volatility of the market. The concept of stablecoins presupposes being backed by some assets with stable value. The dollar is not the only possible asset, it’s just one of the most popular variants. But now not the most stable asset has been chosen to back a new stablecoin. As…

Bitcoin, Ether, and XRP Weekly Market Update: January 31, 2019

January 31, 2019 boss

The global market cap moved from $119 billion to $115 billion for the seven-day period as all top ten cryptocurrencies, with the exception of XRP, TRON and Litecoin, registered losses. At the time of press, bitcoin is trading at ~$3,479 and ether at ~$108. BTC/USD Bitcoin closed the trading session on January 25 at $3,625 as it could not keep the bullish momentum initiated on January 22. Buyers tried to regain their territory once again and pushed BTC/USD price up to $3,745 during day trading on January 26 just to…

Nasdaq Delves Deeper into Crypto to Tackle Market Manipulation

January 31, 2019 boss

During the big crypto rush of late 2017 driving factors were primarily based on fomo and speculation. The following year was a different story as the selloff gathered momentum and inexperienced traders ran for the hills. The serious players stayed in the game and they don’t come much bigger than Nasdaq which is now working with seven different crypto exchanges. Volume Manipulation a Concern Nasdaq’s proprietary surveillance technology is available to those that can foot the hefty bill for it but crypto exchanges need more than just money. Stories of…

Ripple Hires Ex-HSBC, CIT Exec as General Counsel After Five-Month Hiatus

January 31, 2019 boss

Blockchain payments network Ripple announced it had hired a former HSBC general counsel to oversee its legal services and compliance, in a press release Jan. 30. Ripple, which has not had a general counsel of its own since September last year, will draw on Stuart Alderoty’s expertise as it navigates the legal territory associated with its operations, including those involving associated cryptocurrency XRP. The appointment comes at a crucial time for Ripple, which is facing a consolidated consumer lawsuit over XRP’s performance. “As we continue to work with financial institutions…

Bitcoin Price Watch: BTC Rebound Reaching Crucial Juncture

January 31, 2019 boss

Bitcoin price started a short term rebound and broke the $3,400 resistance level against the US Dollar. This week’s followed major bearish trend line was breached with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now approaching a few important resistances, including $3,475, $3,500 and $3,516. Bitcoin price recovered nicely from the $3,340 swing low against the US Dollar. However, BTC price is still below a few key hurdles near the $3,475 and $3,500 levels. Bitcoin Price Analysis Recently, bitcoin…