Day: February 18, 2019

Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce

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The Guangdong Municipal Taxation Bureau will implement an electronic invoice platform based on blockchain for the e-commerce industry, local Chinese news outlet Southern News Network reported on Feb. 18. Guangdong Province, one the most populated region in China, has opened the first blockchain electronic invoice service for customers and merchants, planning to extend their experience to the large-scale e-commerce field. By using a blockchain-based electronic invoice platform, the taxation authority will reportedly improve the efficiency and transparency of the invoice services, the publication underlines. The news outlet then states: “Blockchain…

Exchange Hacks, Darknet and Money Laundering

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Two prominent research papers have shed light on the latest crime trends affecting the cryptocurrency community over the past two years. Crypto analytics companies Chainalysis and CipherTrace released reports at the end of January that unpack some interesting data on the methods that criminals have used to steal and defraud users within the cryptocurrency and blockchain space. These reports paint an interest picture of the ever-changing cryptocurrency landscape and provides some food for thought about the use of crypto in criminal activity around the world. Exchange hacks and darknet trading…

Cryptocurrencies May ‘Upend the Digital World,’ Says Institutional Investor Consultancy

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Crypto represents a sound investment for institutional investors in the long term, consultancy firm Cambridge Associates has advised, according to a Bloomberg report on Feb. 18. Boston-based Cambridge Associates, which specializes in pension and endowment consultancy, reportedly works with institutions that collectively advise over $300 billion, with $30 million under management. In a research note published today, analysts at the firm reportedly wrote that: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these…

Get Real or Get Outta Town. Reality Shares Gets a Dose of Reality

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Get Real or Get Outta Town. Reality Shares Gets a Dose of Reality February 18, 2019 by Paul de Havilland When a February 11th bitcoin ETF product submitted to the SEC by Reality Shares gets a dose of reality within 24 hours, you know there must be something up with the proposal. The SEC disliked the look of the Cayman Islands-based Blockforce Capital subsidiary’s submission so much that it shunned it almost immediately, requesting a withdrawal. Also read: Bitcoin Block Size: Getting Fatter, But Decrease Chatter Growing We love hearing from…

What is Holo (HOT) cryptocurrency?

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What is Holo? Holo – The Basics Holo is a multipurpose decentralized platform, with a primary objective to create a hosting space for social applications. These applications will be hosted outside the centralized internet through a peer-to-peer infrastructure based on cloud computing. The Holo platform allows its users to host several distributed applications on their computers without any special hardware requirements or expertise. It compensates these users with revenue in the form of hosting prices that the users are free to choose. Holo Development Holo was co-founded by Arthur Brock and Eric Harris-Braun. Arthur…

Bitcoin, Ethereum Rally as Market Gains Over $5 Billion in a Day; Crypto Bulls Returning?

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Cryptocurrency market started the week with an impressive rally, rising from $120.91 billion to as high as $126.391 billion in a day. The cryptocurrency market witnessed sizable gains over the weekend. | SOURCE: COINMARKETCAP.COM At 0900 UTC, the global crypto market cap was valued at 126.30, up 4.45% from Sunday’s low, with all the top 10 coins trending into their green territories. Bitcoin, the index’s leading cryptocurrency, posted 3.01% gains according to 24-hour adjusted timeframe calculated by TradingView.com. Ethereum, the second largest cryptocurrency, did better by surging 10% within the…

Coinbase-Supported Bitcoin Debit Card to Shut Operations in April

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The Shift Bitcoin (BTC) debit card, which allows United States cryptocurrency exchange Coinbase users to spend BTC using a Visa debit card, is reportedly shutting down its operations. The development was posted to Reddit on Feb. 18, with the upload of an email purportedly from the Shift team. Shift, which launched in November 2015, was one of a steadily-increasing cohort of cryptocurrency debit cards, with multiple providers now issuing them in various countries. According to a screenshot of an email uploaded to Reddit and attributed to the Shift team, the…

Ethereum Client Parity’s Afri Schoeden Quits Social Media Amid Community Infighting

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Afri Schoeden, release manager at blockchain infrastructure firm Parity Technologies, has withdrawn from social media amid a spate of infighting in the Ethereum (ETH) community. In a tweet posted on Feb. 17, Schoeden stated that “until further notice […] I will no longer respond on Gitter, Skype, Discord, Slack, Wire, Twitter, and Reddit.” Parity Technologies is a United Kingdom-based blockchain infrastructure provider, known primarily for developing one of the most well-known clients for Ethereum, also known as Parity. Parity’s forthcoming “Polkadot” protocol — a form of “para chain” that links…

Bitcoin Price Passes $3,700 to Hit One-Month High

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View Bitcoin jumped to one-month highs earlier today, validating the falling wedge breakout seen in the 4-hour chart on Friday. The outlook as per the daily chart remains neutral, as the cryptocurrency is still trapped in a symmetrical triangle. That said, a break above the upper edge of the triangle, currently located at $3,760, looks likely as an inverse head-and-shoulders breakout on the 4-hour chart has opened up upside toward $4,030 (target as per the measured height method). More importantly, the rally to one-month highs is backed by strong volumes…

Product Hunt Lists Educational Binance Academy as Third Most Popular Service

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Cryptocurrency exchange Binance’s education portal has reached the top three most popular products on Y Combinator-backed exposure platform Product Hunt, the website’s listings revealed on Feb. 18. Product Hunt, which launched in 2013 to showcase up-and-coming products and services to mainstream consumers, currently holds Binance Academy as its third-highest ranking entity. Other cryptocurrency-related offerings include trading tool Robinhood and statistics and passive income generator Earn.com. Binance Academy debuted in December last year as a means of providing cryptocurrency traders with information on Bitcoin (BTC) and the cryptocurrency industry in general.…