Day: February 13, 2019

Bitcoin (BTC) Could “Die” If Block Size Is Reduced From 1MB To 300KB

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Bitcoin prices bullish and ranging Proposal to slash block size to 300kb resuscitated Transactional volumes low but likely to expand as BTC demand pick up Luke J is putting forth a bid to reduce block size from 1MB to 300kb. Without a doubt this will affect BTC prices should it make it as a BIP or as a pull request. Meanwhile, BTC prices are consolidating and could print higher if they race past $3,800. Bitcoin Price Analysis Fundamentals There is another twist to the Bitcoin Block size debate. A Bitcoin…

Bitcoin (BTC) Could “Die” If Block Size Is Reduced From 1MB To 300KB

boss

Bitcoin prices bullish and ranging Proposal to slash block size to 300kb resuscitated Transactional volumes low but likely to expand as BTC demand pick up Luke J is putting forth a bid to reduce block size from 1MB to 300kb. Without a doubt this will affect BTC prices should it make it as a BIP or as a pull request. Meanwhile, BTC prices are consolidating and could print higher if they race past $3,800. Bitcoin Price Analysis Fundamentals There is another twist to the Bitcoin Block size debate. A Bitcoin…

Intel Launches Commercial Blockchain Package Based on Hyperledger Fabric

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Intel has launched a commercial blockchain package based on the Hyperledger ecosystem, according to marketing materials published on Feb. 12. Intel, which is a member of the Hyperledger collaboration — hosted by the Linux Foundation along with IBM and other major financial institutions — has announced that its new product is designed for businesses that want to launch their own blockchain fast and effectively. The ecosystem will be based on the Hyperledger Fabric — a foundation for developing applications or solutions with a modular architecture. At the same time, the…

Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

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Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabah reported on Feb. 12. Following a report of an alleged hack from a crypto-related company in Istanbul, the city police’s Cybercrime Department found that that stolen money was moved out directly from hacked accounts to accounts on other exchanges. The money was reportedly stolen in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Turkish police further launched an operation…

Nasdaq to Add Brave New Coin Bitcoin and Ethereum Indices This Month

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Nasdaq will launch two new indices tracking cryptocurrency prices on Feb. 25, the company announced in an update to its website on Feb. 12. The indices — the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) — will offer real-time price updates in thirty-second intervals for clients using NASDAQ’s Global Index Data Service (GIDS). BLX and ELX are the product of United States blockchain and crypto asset market data company Brave New Coin. “(BLX and ELX) are each designed to provide a real-time spot or reference rate for…

South Korea’s Largest Foreign Exchange Bank Files 46 Blockchain-Related Patents

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South Korea’s largest foreign exchange bank — Korea Exchange Bank (KEB Hana Bank) —  has announced that it has filed 46 patent applications for business models related to blockchain, business technology news website ZDNet reports on Feb. 13. KEB Hana Bank, a part of the Hana Financial Group (HFG) — one of the largest bank holding companies in South Korea — has completed 46 patent applications for methods and systems for purchasing overseas products, systems and methods for electronic contracts and methods and systems for providing digital asset services using…

Italian Banking Association Further Tests Interbank Blockchain System Powered by R3 Corda

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The Italian Banking Association (ABI) is now testing a blockchain interbank solution based on blockchain consortium R3’s open-source distributed ledger platform Corda, fintech news outlet FinExtra reports on Wednesday, Feb. 13. The ABI states that the platform has been developed together with its technical partners — R3, Japanese IT firm NTT Data and Italian ICT company Sia. The project, dubbed “Spunta,” is reportedly now being tested by 18 banks that represent 78 percent of the Italian banking sector by number of employees. As Cointelegraph previously reported, the blockchain-powered interbank system…

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

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The New Zealand Police have reported that recently hacked crypto exchange Cryptopia is ready to be relaunched and resume operations, Auckland-based news agency The New Zealand Herald reports on Feb. 13. Detective inspector Greg Murton reportedly said that the main part of the work required by the High Tech Crime Group at Cryptopia’s business premises in Christchurch has been mostly finished, claiming that Cryptopia management now have full access to their facilities and business premises. The inspector stated that the police are not preventing Cryptopia from resuming their operations, and…

EOS Sees Second Day of Growth as Crypto Markets, Stocks See Scant Price Action

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Wednesday, Feb. 13: Cryptocurrencies are seeing tempered price action overall. With a few notable exceptions, most of the top 20 coins by market cap are fluctuating 2 percent in either direction on the day, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) has seen virtually no price change on the day and is trading at $3,628 to press time, according to CoinMarketCap data. On its 7-day chart, the coin is up 6.5 percent after a spike on Friday, Feb. 8, when Bitcoin soared by almost…

Former JPMorgan Exec Becomes New CEO of Blockchain-Based Commodity Trading Platform Vakt

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Former JPMorgan Chase executive Etienne Amic has been appointed as new CEO at Vakt, a blockchain-based commodity post-trade platform, according to a press release shared with Cointelegraph on Feb. 13. Having served as a managing director at both JPMorgan Chase and Mercuria Energy Trading S.A., Amic is expected to bring direct experience in commodities trading to the Vakt platform, which is designed to digitize physical commodities trading by cutting out paperwork. The new Vakt CEO has most recently served as co-founder and chairman of Vortexa, a cargo and analytics firm…