Month: January 2019

R3 Consortium Member Closes $10 Million Funding Round for Blockchain ID Platform

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United States-based credit union service organization CULedger has raised $10 million in a Series A funding round for its credit union-focused blockchain platform, according to a press release published Jan. 29. The company, which is a member of R3’s global blockchain ecosystem, first announced its funding round and its goal of raising $10 million in October, 2017. According to the release, the now closed funding round included 40 investors, noting that the “majority of investors are credit unions.” Following a successful round, CULedger will soon launch its flagship product, MyCUID.…

BitTorrent Token (BTT) Sale Over in Minutes

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The BitTorrent Token (BTT) sale on Binance took place yesterday. In under 15 minutes, $7.1 million was raised, selling 50 billion BTT token. Binance announced the conclusion of the sale via an official blog post on their website. BitTorrent Token (BTT) Sale The token sale ran in two different sessions: One for purchasing BTT with TRON (TRX) and the other purchasing BTT with Binance Coin (BNB). Both sale sessions ended quickly. This didn’t go without a hitch though. It seems Binance wasn’t fully prepared for the amount of traffic it was…

Waiting Lists for Kazakh Kindergartens to Be Managed With Blockchain Technology

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The system for managing waiting lists to kindergartens in the the Kazakh capital of Astana will implement blockchain technology in the beginning of February, local news website Elorda Info reports Tuesday, Jan. 29. In Kazakhstan, parents must apply to have their child accepted to a local kindergarten, which results in waiting lists for certain schools. Queues for kindergartens are managed in accordance with federal law under the Standard of State Service. Priority is given to children whose legal representatives are disabled; children without parental care; children from large families; and…

BTC Upsides, Break above $3,800 on the Cards

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Bitcoin price reject lower lows, stable Exchanges in South Korea band together to protect investors and prevent illegalities Transaction volumes low, prices trading in tight ranges Despite yesterday’s declines, BTC is technically bullish. From candlestick arrangements, it is likely that in days ahead, buyers will flock in driving prices back above the $3,800 level triggering bulls. Demands as such will lift investors and confirm our BTC/USD trading assertions. Bitcoin Price Analysis Fundamentals South Korea, like Japan, embraces new technology. Blockchain is pivotal and spin-offs as cryptocurrencies are heavily regulated. At…

TRX Recoup Losses, Road to 6 Cents?

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Tron price expand 5.7 percent, reject lower lows Binance announce successful BTT crowdfunding Market participation rebound, high highs should be propelled by above average volumes The BTT token sale was a success, and in 18 minutes, 60 million BTT were sold. It was a success, and now TRX prices are recovering, snapping back to trend confirming our overall trade position. Tron Price Analysis Fundamentals At last, the path towards decentralizing the world’s largest software is right on track. BitTorrent is now decentralized, and investors have a share of the protocol…

Blockchain Browser Brave Offers Free Access to Premium Content on News Site Cheddar

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Blockchain-enabled web browser Brave has partnered with news website Cheddar to offer its users three months of free access to premium content, a press release reports Jan. 29. According to the press release, Brave Browser users will automatically obtain access to premium content on Cheddar’s website, without action on the user’s end. Jon Steinberg, founder and CEO of Cheddar, said that “the idea of unlocking our premium feeds for Brave users via crypto funding, with no sign-up, seemed like a natural way to engage a passionate community.” The Brave browser…

Bitcoin Stands Still Around $3,400 as Most Top Cryptos Report Moderate Gains

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Tuesday, Jan. 29 — most of the top 20 cryptocurrencies are reporting moderate gains on the day at press time. Bitcoin (BTC) is trading just over $3,400 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down just a fraction of a percent on the day, trading at around $3,450, according to CoinMarketCap. Looking at its weekly chart, the current price is lower than $3,655, the price at which Bitcoin started the week, trading sideways until yesterday, Jan. 28. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP)…

Could Blockchain Be the Solution for SME Funding Woes?

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Could Blockchain Be the Solution for SME Funding Woes? January 29, 2019 by Akshay Makadiya The difficulties for small and medium enterprises (SMEs) accessing traditional trade finance products, specifically in emerging markets, is well known. Could blockchain technology help solve the SME exclusion problem in the trade finance space? Also read: Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bridging the SME Gap with Blockchain? Some Banks Think It’s Possible According to the World Bank, the international financial…

Ripple Price Analysis: XRP Resurgence, Cobalt Will be a Game Changer

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Ripple price stable, reject lower lows Cobalt could be a game changer Transactional volumes below average Behind Ripple is a team looking to revolutionize cross border payment through innovative solutions. Fundamentally, that is bullish. However, before investors reap benefits, XRP must first fund support at 30 cents. Only then will our previous XRP/USD trade plans be valid. Ripple Price Analysis Fundamentals Ripple’s ability not only to shape the future of finance but be the leading player cannot be rubbed off. Behind their motivation are three products which the company executives,…

Litecoin Creator Charlie Lee to Make Coin More Fungible and Private

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Charlie Lee, Litecoin’s (LTC) creator, declared that he will focus on making the major cryptocurrency more fungible in a tweet Jan. 28. Lee stated in the tweet that “fungibility is the only property of sound money that is missing from Bitcoin & Litecoin,” adding that “the next battleground will be on fungibility and privacy.” The tweet’s conclusion is that the developer wants to zero in on implementing private transactions in Litecoin, stating: “I am now focused on making Litecoin more fungible by adding Confidential Transactions.” In reply to another tweet…