January 2019

Austrian Capital Vienna Develops Reward Token for Citizens in Partnership With University

January 28, 2019 boss

The Austrian capital, Vienna, is currently developing a blockchain-based token as a part of an incentive program, digital innovation news outlet Trending Topics writes on Monday, Jan. 28. The coin, reportedly dubbed the Vienna token and first announced in December 2018, will be developed together with the Vienna University of Economics and Business. Shermin Voshmgir, the head of the Vienna-based Research Institute for Cryptoeconomics, noted that the token could be granted in return for providing feedback about the city, in an application designed to pay for parking within the city,…

Mystery Bitcoin Miners Are Altering Mining Pool Dominance

January 28, 2019 boss

Mining During the first month of 2019, studies have revealed the growing trend of unknown miners processing blocks on the Bitcoin Core (BTC) network. A few years ago, most mining pools began revealing their identity via the coinbase parameter when they found a block. Over the last two years, however, unknown miners have started to dominate as established operations have lost a considerable share of hashrate. Also read: Bloq Labs Reveals Software Suite That Aims to Increase Hash Power by Double Digits Unknown Bitcoin Miners Have Been Shifting Hashrate Dominance The…

IBM Food Trust Blockchain Set to Expand to New Suppliers, Consumers in 2019

January 28, 2019 boss

Swiss-headquartered food retail giant Nestle S.A. says that the blockchain-based IBM Food Trust initiative — which counts major global retailers such as Walmart and Unilever as members— is gearing up to onboard new suppliers and retailers this year. Benjamin Dubois, digital transformation manager of global supply chain at Nestle, spoke of the development in an interview with Swiss regional bilingual daily newspaper 24 heures on Jan. 28. As reported, the IBM Food Trust blockchain has been underway since fall 2016, with the first product trials spearheaded by Walmart in China…

Tether Replaces EOS to Become 4th Largest Crypto, Shows Market is Very Weak

January 28, 2019 boss

Stablecoin Tether (Ticker: USDT) has replaced EOS to become the fourth largest cryptocurrency by market capitalization, showing weakness in crypto markets. The inclination follows the cryptocurrency market’s depressive performance this Monday. Over the last 24 hours, the price of all the top coins, including Bitcoin, Ripple, Ethereum, and others, trended in a negative region. Similarly, the value of EOS, Bitcoin Cash and Litecoin also slipped heavily on a 24-hour basis. Tether Chart on CoinMarketCap.com In contrast, Tether’s USDT traded at around $1.01 and the stablecoin saw appreciation in its market…

Two Probably Still Active Groups Account for $1 Billion in Crypto Hacks

January 28, 2019 boss

A report outlined by blockchain analytics company Chainalysis has revealed that two hacker groups have reportedly stolen $1 billion in cryptocurrency, the Wall Street Journal (WSJ) reports on Jan. 28. According to the new report shared with the Wall Street Journal, the two entities — which Chainalysis calls Alpha and Beta — have received the majority of the money lost in cryptocurrency scams. Furthermore, the WSJ cites Philip Gradwell, the chief economist at Chainalysis, as saying that the two organizations are probably still active. However, the aforementioned article also quotes…

Crypto Exchanges Turning to Reverse Mergers: Will They Succeed?

January 28, 2019 boss

Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? January 28, 2019 by Akshay Makadiya Hong Kong Stock Exchange regulators have been repeatedly kicking the can down the road on approving crypto-related IPOs. In response, a few Chinese crypto exchanges are aggressively pursuing reverse mergers, an alternative and unconventional way to become a publicly-listed company. Are the mergers worth the fuss? Also read: Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Looking at Crypto Reverse Mergers Cryptocurrency…

XRP Meltdown, Lose $1 billion in 24 Hours

January 28, 2019 boss

Ripple price down $1 billion in 24 hours The aim is to replace SWIFT and dominate the cross-border fund transfer space Transaction volumes low as XRP prices correct The truth is, Ripple has a long way to go, and as XRP prices correct, retesting Dec 2018 lows of 30 cents, we remain net bullish. Ideally, we would like to see prices rally above 34 cents, but this largely depends on tomorrow’s reaction. Ripple Price Analysis Fundamentals Behind Ripple is a dedicated team that wants to see the network flourish. Prices…

Binance’s BitTorrent Token Sale Sells Out in Minutes Amid Technical Issues

January 28, 2019 boss

A public sale of 59.8 billion BitTorrent Tokens (BTT), worth $7.2 million, sold out in a matter of minutes on Binance’s Launchpad earlier today, despite technical difficulties that frustrated some users. At 3:00 UTC, the token sale platform opened its doors to BTT investors through two separate sale sessions, one for those paying with the token native to the Tron blockchain, TRX, and the other for those paying with Binance’s native exchange token, BNB. According to BTT’s token sale and economics, each BTT token was valued at $0.00012 during the…

Binance’s BitTorrent Token Sale Sells Out in Minutes Amid Technical Issues

January 28, 2019 boss

Stablecoins in 2019: Exclusive Comments from 10 Industry Executives

January 28, 2019 boss

Photo: Pixabay You could have heard that one of the crypto market newest trends is stablecoins. This is obvious, taking into account the volatility and the fall of the market we all have seen in 2018. Stablecoins are aimed at maximizing a stable price and are the only way to save money for lots of crypto holders these days. How exactly will the stablecoin industry develop? Can its leader, Tether, lose it dominance? We interviewed representatives of 10 leading stablecoin projects and here are 5 stablecoin market trends you’ll most…