Month: January 2019

Blockchain Project Polkadot Plans ICO to Raise Another $60 Million: Report

boss

Blockchain project Polkadot is reportedly seeking to raise up to $60 million through another initial coin offering (ICO). According to a report from The Wall Street Journal on Thursday citing “people familiar with the matter,” the startup’s latest token fundraising effort would bring the value of all its tokens to $1.2 billion, when those not in circulation are included. Polkadot previously raised more than $145 million via a token sale in October 2017. Soon after, though, it had ether tokens to the value of $98 million frozen due to a bug…

40% of Investors Say Blockchain Could Be ‘Most Transformative’ Tech Since Internet: Survey

boss

40 percent of institutional investors believe blockchain may be the most important innovation since the internet, according to a survey by trade association the Global Blockchain Business Council (GBBC), shared with Cointelegraph Jan. 24. The opinions of 71 investors, which the GBBC quizzed about blockchain this month and last, were revealed at the ongoing World Economic Forum (WEF) in Davos, Switzerland. The GBBC’s findings revealed that 40 percent of institutional investors that responded to its survey think blockchain “could be the most transformative technology since the internet.” In addition, just…

Majority of US Investors are Waiting for Crypto ETFs, Bitwise’s Latest Survey Reveals

boss

Photo: Marco Verch / Flickr SEC deputy secretary Eduardo Aleman said that the CBOE BZX Exchange rescinded its request for a rule change. The change would have allowed it to list shares of the VanEck SolidX Bitcoin Trust. What Bitwise explained is that they are not against crypto at all. The crypto industry has dreamed of a Bitcoin ETF since at least July 1, 2013. That was the time when the initial prospectus for the Winklevoss Bitcoin Trust was filed with the U.S. Securities and Exchange Commission (SEC). Since then,…

Cybersecurity Firm WISeKey, Tech Holding Censof Announce Malaysian Blockchain Center

boss

Swiss-based cybersecurity firm WISeKey and a subsidiary of Malaysian tech investment holding Censof announced a partnership to expand blockchain activities, according to a press release Jan. 25. WISeKey, which focuses on secure authentication and identification using a cryptographic tool called Root of Trust, has increasingly incorporated Internet of Things (IoT) and blockchain technology into its portfolio. The partnership will reportedly establish a “Blockchain Center of Excellence” in Malaysia, as well as broaden the use cases for blockchain available to Censof’s clients via its subsidiary, Cendee. The project forms the latest…

Bitcoin Awaits Triangle Breakout as Price Squeeze Continues

boss

Bitcoin’s (BTC) price is largely unchanged on the day and maybe building for a strong exit from the weeks-long tight trading range. The leading cryptocurrency hit highs above $4,100 on Jan. 8 and has charted lower price highs ever since. Meanwhile, the bears have persistently failed to keep prices below $3,500, weakening the bearish case put forward by the 9 percent drop seen on Jan. 10. Essentially, BTC has created a descending triangle over the last 2.5 weeks. The pattern is identified by trendlines connecting lower price highs and strong…

OKEx to Open Thai and U.K. OTC Trading Desk

boss

OKEx to Open Thai and U.K. OTC Trading Desk January 25, 2019 by Paul de Havilland OKEx has announced plans to open an over-the-counter (OTC) trading facility for users in the U.K. and Thailand. The move sees the exchange open the doors for fiat deposits of the Pound Sterling (GBP) and the Thai Baht (THB). Also read: Lightning Network Goes to Congress as Specter of Crypto Policy Grows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts OKEx Winning Hearts, Minds, Pounds, and Baht The unusual combination of…

Insurance Giant Aetna Partners With IBM on Blockchain Network for Healthcare Industry

boss

United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, Reuters reported Jan. 24. Estimated to serve over 39 million clients globally, Aetna has reportedly issued a joint statement with IBM clarifying that the blockchain system will be designed to streamline insurance claims processing and payments, as well as manage directories. The insurance giant also recently merged with retail pharmacy and healthcare firm CVS Health Corp. Alongside American financial services firm PNC Bank, two other health insurers — which count…

Will Bitcoin Dump to $1,250? Wall Street Bankers Think So

boss

Another day, another price prediction. They are coming thick and fast at the moment as analysts and industry observers scramble to predict where the bottom will be. Some are more optimistic than others, but it is to be expected that JP Morgan is firmly on the pessimistic side of the fence. JP Morgan Predicts More Pain Yesterday we took a look at fractal patterns to predict a bottom of around $2,500 for Bitcoin which is quite plausible given the current market lethargy. That low is only a thousand dollars away…

Bitcoin and Ether Market Update: January 25, 2019

boss

There was little change in global market cap value since Wednesday, January 23 as bitcoin, ether, and XRP are all trading sideways. BTC/USD Bitcoin lost $40 of its value to $3,600 on the CBOE ETF withdrawal news on January 23. It quickly recovered and stabilized around 3,620 by the end of the trading session possibly due to the fact the exchange traded fund was not directly rejected by the U.S. SEC. The proposed product was temporarily delayed by the company to avoid automatic rejection on the scheduled deadline of February…

Crypto Wheels Still Turning in US, Robinhood Exchange Awarded BitLicense

boss

Wheels are still turning in the US crypto industry despite the month long government shutdown. At least they are in New York anyway where crypto exchange Robinhood has just been granted a BitLicense to open up shop. Robinhood Coming to New York The commission free crypto startup that has become a huge hit with millennials proudly announced that it is ‘coming to New York’ in a blog post yesterday. The company added that the new license marks another important step towards its mission of democratizing the financial system. The New…