January 2019

‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain

January 28, 2019 boss

Italy Crypto: ‘The Bomber’ Bankrupted, Senate Moves to Define Blockchain January 28, 2019 by William Peaster News of fresh cryptoverse developments in Italy are starting to make the rounds in the West. An Italian bankruptcy court has found Francesco Firano, a.k.a. “The Bomber,” as responsible for the loss of 17 million NANO from the now defunct BitGrail crypto exchange. And the nation’s senate has angled toward definitive legal definitions of blockchain and smart contracts. Also read: Kik Expects SEC to Come Knocking Over Kin ICO Subscribe to the Bitsonline YouTube channel for great videos…

More Decentralization and Greater Efficiency

January 28, 2019 boss

The association between blockchains and energy is usually a negative one. “The Bitcoin blockchain is so wasteful of electricity,” or so the argument goes, “that it would push global warming to dangerous levels if it were ever used on a massive scale.” Research published in the influential journal Nature backs up this warning. Yet, if we were to look beyond Bitcoin, it becomes apparent that blockchains in general are being increasingly put to good use by the energy industry. From their use in energy trades to their incorporation in…

Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China

January 28, 2019 boss

Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28. The company is reflecting weaker forecasted sales in its gaming and data center platforms, which comes from excess mid-range channel inventory following the slump in cryptocurrency markets. Q4 revenue is expected to be at $ 2.20 billion, opposed to the previous projection of $2.70 billion according to a statement released by Nvidia on Jan 28. The cryptocurrency mining frenzy drove up demand for Nvidia’s graphics…

BTC Bullish, Bears Yet to Reverse Dec 2018 Gains

January 28, 2019 boss

Bitcoin price down 4.2 percent at the time of press Jan Van Eck says Bitcoin investors liquidating to Gold Transaction volumes low, bulls have a chance Prices are down 4.2 percent in the last 24 hours but even so, Bitcoin bulls have a chance. A combination of fundamentals and supportive candlestick arrangement mean buyers can still recoup today’s losses and print new highs in days ahead. Bitcoin Price Analysis Fundamentals It has been 11 years of unimaginable price movements, and at one time, Bitcoin changed hands at a whopping $20,000…

Company and Uni to Build Crypto Model Addressing Bitcoin’s Shortcomings

January 28, 2019 boss

A crypto company has signed a memorandum of understanding with a university in the United States with the aim of building the cryptocurrency model envisaged by Satoshi Nakamoto when the Bitcoin network was launched 10 years ago. SovereignWallet says it will be collaborating with the University of Southern California’s Viterbi School of Engineering to develop the project, which has been named the MUI Meta-Blockchain. While profits associated with Bitcoin have become “highly concentrated with a small number of miners with large capital […] especially those who have the most powerful…

Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Jan. 28

January 28, 2019 boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The trend in crypto continues to be down. After a period of low volatility, cryptocurrencies are again headed south. There are no takers for cryptocurrencies even after such a huge fall because money is moving back into the traditional safe haven, gold, according to…

100% Completed: The BitTorrent ICO is a 15-Minute Sellout

January 28, 2019 boss

BitTorrent, acquired by Tron last year, completed an ICO today beginning at 3:00 PM UTC using Binance Launchpad. Two simultaneous sales were run for Binance Coin and Tron. Neither market lasted longer than 15 minutes, according to Binance. More BTT was available for Tron than BNB. In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. BTT is a TRC-10 token that incentivizes…

The BitTorrent ICO is a 15-Minute Sellout

January 28, 2019 boss

Eurasian Economic Commission Prepares Report on Cryptocurrencies, Considers Regulation

January 28, 2019 boss

The Eurasian Economic Commission, which serves as an executive body of the Eurasian Economic Union (EAEU), has prepared a report on cryptocurrencies to promote regulation in the area. Russian news agency TASS reports on the development on Monday, Jan. 28. The Commission’s minister for integration and macroeconomics, Tatyana Valovaya, said that EAEU — a political and economic union established by Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan in 2014 — aims to create a consolidated financial market by 2025. As the cryptocurrency and blockchain industries are becoming more robust, the EAEU…

BTT Token Sale Marked By Sharp TRX Price Declines

January 28, 2019 boss

Tron prices drop 11.7 percent BTT token sale in progress at Binance Launchpad Transaction volumes pick up, bulls still in control Asset prices may be dropping, but TRX is still a top performing coin. It is up one spot in the liquidity ranking displacing XLM as the eighth most valuable. While sellers are firmly in control, we expect support at 2.5 cents before prices snap back to trend and rally to 4 cents. Tron Price Analysis Fundamentals There has been a reshuffle, and TRX is now the eighth most valuable…