Month: January 2019

Wall Street Analyst: Bitcoin (BTC) Showing Bubble-Like Properties

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Bitcoin Displaying Bubble-Esque Properties Hot on the heels of a Reuters report divulging J.P. Morgan & Chase’s dissatisfaction with the Bitcoin industry, CNBC has revealed that the Wall Street giant’s anti-crypto sentiment runs much deeper than previous reports would indicate. Jan Loeys, a managing director and analyst at J.P. Morgan, claimed that his firm has “long been skeptical” of the inherent value of cryptocurrencies in nearly all environments, save for “dystopian” societies rife with distrust for centralized financial intermediaries, like the U.S. Federal Reserve or Wall Street institutions. The firm’s researchers went…

Cargill Invests Digital Engineering to Develop Hyperledger Grid

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United States-based agricultural conglomerate Cargill has announced that it is investing digital engineering resources to develop Hyperledger Grid, according to an announcement on Jan. 25. Hyperledger Grid is a recently announced project from Hyperledger that aims to streamline supply chains by using blockchain technology. Cargill — the U.S.’s largest privately held company with $114.7 billion in revenue — states that the Hyperledger Grid can “accelerate development of blockchain and other digital solutions for the global food and agriculture supply chains.” Cargill notes that Hyperledger Grid has provided a suite of…

JP Morgan: Bitcoin Would Only Make Sense in a Dystopian Scenario

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News JP Morgan has continued to bash bitcoin and cryptocurrencies, saying the value of them is still unproven and that it will be at least another three to five years before blockchain technology makes a difference to the banking sector.  Also read: Jamaica Stock Exchange Plans to List Security Tokens ‘A Dystopian Scenario’ America’s largest bank has reaffirmed that it is still skeptical of cryptocurrencies. JP Morgan said that such assets would only be of any value in a “dystopian scenario” where investors lost faith in gold, the dollar and the…

Analysts Warn That ‘Crypto Hangover’ Could Persist for AMD

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Ahead of the release of Advanced Micro Devices’ (AMD) fourth quarter (Q4) report for 2018, analysts state that the company could still be facing problems due to a “crypto hangover,” business news site MarketWatch reported on Jan. 25. The firm is expected to release the report after markets close next Tuesday. Susquehanna financial analyst Christopher Rolland reportedly said that AMD has managed expectations well, but lower retail prices for graphics processing units (GPU) could still cause problems. AMD’s popular Radeon RX580 GPU, which has been widely used by crypto miners,…

Crypto Exchange Bitstamp Announces Partnership with Major Swiss Online Bank

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European cryptocurrency exchange Bitstamp has announced a partnership with major Swiss online bank Dukascopy, according to an announcement published on Friday, Jan. 25. Bitstamp will support Bitcoin (BTC) transactions on behalf of Dukascopy Bank. Clients will be able to send BTC to their accounts, convert them to U.S. dollars and trade on the Swiss FX Marketplace. In addition to that, customers can transfer their funds back to the wallet in form of BTC. Bitstamp believes the new partnership will contribute to bridging the gap between crypto and traditional finance. In…

‘We Have Almost 200 Blockchain Projects Under Our Belt.’ Exclusive Interview With Paul Brody, Ernst & Young Global Blockchain Leader

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‘We Have Almost 200 Blockchain Projects Under Our Belt.’ Exclusive Interview With Paul Brody, Ernst & Young Global Blockchain Leader January 25, 2019 by George Levy With all the buzz surrounding blockchain as a key technology for increasing trust in organizations, Bitsonline’s George Levy sought and interviewed Paul Brody, Ernst & Young’s Principal & Global Innovation Leader on Blockchain Technology to learn more about how the firm is seeing the growth and adoption of blockchain. The big 4 accounting and auditing firm has stated that “It’s trust that enables organizations…

‘We Have Almost 200 Blockchain Projects Under Our Belt.’ Exclusive Interview With Paul Brody, Ernst & Young Global Blockchain Leader

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‘We Have Almost 200 Blockchain Projects Under Our Belt.’ Exclusive Interview With Paul Brody, Ernst & Young Global Blockchain Leader January 25, 2019 by George Levy With all the buzz surrounding blockchain as a key technology for increasing trust in organizations, Bitsonline’s George Levy sought and interviewed Paul Brody, Ernst & Young’s Principal & Global Innovation Leader on Blockchain Technology to learn more about how the firm is seeing the growth and adoption of blockchain. The big 4 accounting and auditing firm has stated that “It’s trust that enables organizations…

Ripple Sold $535 Million Worth of XRP in 2018

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Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24. The report further notes that the sales of XRP tokens in Q4 2018 amounted to $129.03 million worth, which is equivalent to 0.24 percent of global XRP volume. The Q4 average XRP daily volume was reportedly equivalent to $585.7 million and is the highest since the first quarter of the year. During Q4 3 billion XRP was reportedly released from of cryptographic escrow while 2.4 billion were returned. According…

Decentralized Secured Loans Network Enables Borrowers and Lenders to Set Their Own Terms

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A decentralized peer-to-peer network is aiming to streamline the experience crypto holders have when borrowing and lending their assets — and give them the chance to strike up loan agreements on their own terms. Nitrogen says its aim is to help crypto enthusiasts increase liquidity and hedge risks in a secure and simple way, enabling them to leverage assets for their benefit. Alice Stork, the company representative, told Cointelegraph that “Nitrogen’s goals are to stimulate interest in cryptocurrencies and their markets […] and to act in the general interests of…

Bitcoin Revolution Scam | Malta Warns of “Get-Rich-Quick” Scam

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An alleged global scamming scheme called ‘Bitcoin Revolution’ is doing the rounds and traders are being warned not to fall for it. The Malta Financial Services Authority (MFSA) issued a warning against it today via an official document. Bitcoin Revolution The alleged crypto scam likens to a typical get-rich-quick scheme and operates through several websites, though only one has been officially named: the-bitcoinrevolution.org. The scheme has been advertised on social media platforms and has used the images of prominent local personalities claiming they have become rich from the crypto investments. Unregistered According…