Day: February 21, 2019

Dow, Bitcoin Bleed Lower as US & China Tease Trade Deal Outline

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The US stock market endured steady losses on Thursday, leaving the Dow’s eight-week winning streak on the ropes. The bitcoin price, meanwhile, continued to mount an unsuccessful push toward $4,000 that has left most crypto assets in the red. Dow Fails to Break Through 26,000 Dow futures traded up throughout much of the pre-market session, putting the index within striking distance of the 26,000 point milestone. However, Wall Street turned sour ahead of the opening bell, and all three major US stock indices dropped when the market opened. The Dow…

Don’t Underestimate Samsung Galaxy S10’s Crypto Offering, Millions Will Be Exposed To Bitcoin

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It’s official, Samsung, one of the most preeminent powerhouses in the technology sector, has formally delved into the crypto space. While the company, headquartered in Seoul, South Korea, has hinted at its involvement with blockchain historically — backing CryptoKitties, experimenting with ASICs, and trialing blockchain — it has yet to release a cryptocurrency product built for the masses. Until now, that is. Meet Samsung’s Blockchain Keystore On Wednesday, at the most important date on the Samsung calendar — Unpacked 2019 — the technology giant unveiled its latest flagship products, the Galaxy S10…

Don’t Underestimate Samsung Galaxy S10’s Crypto Offering, Millions Will Be Exposed To Bitcoin

boss

It’s official, Samsung, one of the most preeminent powerhouses in the technology sector, has formally delved into the crypto space. While the company, headquartered in Seoul, South Korea, has hinted at its involvement with blockchain historically — backing CryptoKitties, experimenting with ASICs, and trialing blockchain — it has yet to release a cryptocurrency product built for the masses. Until now, that is. Meet Samsung’s Blockchain Keystore On Wednesday, at the most important date on the Samsung calendar — Unpacked 2019 — the technology giant unveiled its latest flagship products, the Galaxy S10…

10 Reasons Bitcoin Will Party Like 2017 for a Massive Bull Run in 2019

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Many are wondering if we’re seeing the beginning of a 2019 Bitcoin bull run. After a bloody 2018 for the world’s first and most highly valued cryptocurrency, Bitcoin is starting off 2019 with some major traction on what appears to be quite solid ground. Is This The Start of A 2019 Bitcoin Bull Run?     The beginning of another Bitcoin bull run is far from a certainty. But it might not be a coincidence that Bitcoin’s price has so much up power right about now. Here are 10 strong…

Why News of JPM Coin Resulted in Bitcoin (BTC) Gaining in the Crypto Markets

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On Valentines day, crypto traders and enthusiasts woke up to news that the biggest bank in the United States, JP Morgan Chase, will be issuing its own cryptocurrency known as the ‘JPM Coin’. The digital asset will be an internal cryptocurrency used to ease the flow of payments by the bank by instantly settling transactions between clients of its wholesale payments business. Bloomberg Reports that the Current Bitcoin Rally Was due to the JPM Coin Announcement 5 days later, and on the 19th of February, Bloomberg reported that the recent…

Ohio County Auditors to Explore Blockchain-Based Real Estate System

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The County Auditors’ Association of Ohio (CAAO) has announced the formation of a working group to study the use of blockchain for the effective transfer of property deeds. The news was reported on Feb. 21 by Ohio-based blockchain startup SafeChain — the technical advisor for the multi-county initiative. The association’s collaborative effort will reportedly test the use of blockchain technology to bring efficiency gains to the execution and management of real estate transactions and the transfer of land titles across multiple counties. Their ongoing projects will be reportedly be reviewed…

QuadrigaCX Has Sent All Its Bitcoin and Ether to ‘Big Four’ Auditor EY

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QuadrigaCX’s online wallets for bitcoin and ethereum have nearly been emptied and the funds sent to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY). On Feb. 14, 52 bitcoin (BTC) and 960 ether (ETH) were sent to freshly created blockchain addresses from addresses identified earlier as belonging to the Canadian exchange. The amounts matched the balances that EY had previously said it found in the exchange’s “hot” wallets, meaning the active ones connected to the internet. And on Thursday, EY confirmed that, as expected, it had taken control of…

CME Group Reports a Record Number of Bitcoin (BTC) Futures Contracts Traded in 2019

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We are less than two months into 2019 and the CME Group is reporting a record number of Bitcoin (BTC) futures contracts traded in the first quarter of 2019. This is according to an email reviewed by the team at The Block. The email is from a CME representative and it stated that February 19th saw a record number of BTC futures contracts trade on that individual day. The email stated that: Yesterday [Feb 19th] set a new record with 18,338 contracts traded. This is equivalent to 91,690 bitcoin or $360MN.…

ConsenSys Backs Ethereum-Based Unlisted Infrastructure Investment Startup Allinfra

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Ethereum (ETH) blockchain-focused development company ConsenSys has invested in an infrastructure investment startup, Allinfra, according to a press release shared with Cointelegraph on Feb. 21. As per the announcement, ​Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed. Allinfra facilitates direct investments in unlisted infrastructure assets via the Ethereum blockchain, providing users with the ability to create, purchase and transfer economic or ownership interests in these assets. As per ConsenSys, the solution makes…

Korean Telecom Giant KT to Launch Blockchain-as-a-Service Platform in March: Report

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South Korea’s largest telephone company, KT Corporation, plans to launch a blockchain-as-a-service (BaaS) platform next month, local news outlet iNews24 reported on Feb. 21. KT reportedly revealed the concept to interested business clients at a presentation this week. The firm says it wants to increase the accessibility of blockchain technology locally. The platform comes as KT continues its blockchain offerings via a dedicated Blockchain Center, which launched a commercial network in July of last year. “The KT BaaS platform will lower barriers to entry into the blockchain sphere and build…