Day: February 19, 2019

Afri Quits, Will Bulls Fizzle Out?

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  Ethereum prices up 21.6 percent in the last week Afri Schoedon quits Ethereum after Polkadot, Serenity comparison Transaction volumes picking up   Compared to other coins in the top 10, Ethereum (ETH) is leading the bulls procession. Changing hands at around $150, we expect ETH bulls to gain ground ahead of Constantinople. Ethereum (ETH) Price Analysis Fundamentals Blockchain-based projects are unique and special. A genuinely decentralized network will have a healthy mix of developers, investors, and speculators. All of them will contribute in one way or another. Everything else…

Ethereum’s Vitalik Buterin Discloses Non-ETH Crypto Holdings and Other Revenue Sources

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Ethereum (ETH) co-founder Vitalik Buterin has disclosed that his crypto investments are virtually exclusively devoted to the Ethereum network, in a post published to an “Ask Me Anything” (AMA) Reddit thread on Feb. 18. The AMA post is dedicated the Ethereum leadership and accountability, asking those in leadership positions in the ETH community to share their possible conflicts of interest. In Buterin’s summary, his total holdings of non-Ethereum ecosystem tokens — comprising Bitcoin Cash (BCH), Bitcoin (BTC), Dogecoin (DOGE) and Zcash (ZEC) — account for less than 10 percent of…

Although Touted for Security, Blockchain Is Still Hackable

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MIT Technology Review magazine has published an article today, Feb. 19, arguing that security-touted blockchain tech is still vulnerable to hacks. The magazine is fully owned by the United States Massachusetts Institute of Technology (MIT). In the recent article, the MIT Technology Review stressed that blockchain technology represents a complex economic system that depends on unpredictable human behavior. As such, the Review pointed out multiple security breaches that have been increasingly emerging in cryptocurrency and smart contract platforms since the inception of crypto, citing a number of incidents including the…

Japan’s Central Bank Examines Central Bank Digital Currencies in New Report

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Japan’s central bank has examined the role of central bank digital currencies (CBDCs) in the current monetary system in a report released on Feb. 19. In the document, the bank describes the possible ways to implement a CBDC and the hypothetical consequences of different approaches. The report divides possible CBDCs in two categories, the first being those accessible to the general public in a form like banknotes, and the other as those limited for large-value settlements. The source of this categorization is attributed to the report released by the Bank…

Cryptocurrency: Origins and Future | CCG

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The following is a guest post A very short definition of Crypto I wanted to write an article for presentation purposes and easy overview for some time. I felt that information provided in public media is presented out of context and in a simplified way. The world of Crypto is filled with dark and mysterious events (like evil from Black Crypt), but so is true that there lies great potential and thousands are hunting for use-cases (quest for killer DApp). Crypto (of Distributed Ledger Tech type) is a transparent P2P…

Staking Coins for Gains Potentially a Good Strategy in a Bear Market but Is Not Without Risk

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Volatility coupled with one of the longest bear markets ever experienced by the cryptocurrency industry have compelled many investors to consider staking as a method of “playing it safe,” according to a Bloomberg article. Staking, which is similar to earning dividends or interest on your investment, is not a new concept. However, in a long bear market, it does become more prevalent among cryptocurrency investors, as possible gains from regular trading are not as fruitful. As Kyle Samani, managing partner at Multicoin Capital Management, stated to Bloomberg: “Regardless of market…

South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

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The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18. According to the release, the South Korean capital’s government plans to use the “Seoul Innovation Growth Fund” for startups that have various investments problems with Series A funding rounds. The fund, launched last year, will primarily focus on startups related to blockchain and fintech industries. The Seoul Metropolitan Government announcement underlines that the average investment per company in London and Silicon…

Harvest One Picks Blockchain-Powered Genome Tracking Software

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BLOCKStrain Technology Corp. (TSX: V: DNAX) (OTC:  BKKSF), which built the first blockchain-secured, fully-integrated IP tracking platform for the cannabis industry, is providing its genome tracking software to Canadian licensed producer of medical cannabis Harvest One Cannabis (TSX:V: HVT) (OTCQX: HRVOF). The BLOCKStrain’s cannabis strain authenticity and tracking platform, called the Master Genome Strain and Clone Registration Program, will allow Harvest One to collect and register its cannabis plant DNA and strains. The platform will be integrated into Harvest One’s sales program. Upon completion of the collection and registration of…

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery?

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The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery?

boss

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…