Day: February 26, 2019

Top Swiss Bank Provides Crypto Storage and Trading Services, Massive For Awareness

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Julius Baer announced today that it would offer crypto services to its clients all across the world. Switzerland’s third-largest banking giant partnered with a Zug-based startup SEBA Crypto to take advantage of their institutional-grade digital assets solution. The bank said in a press release that the partnership with SEBA would allow them to offer its clients digital assets storage, transactions, and investment solutions. The move came as another example of larger financial institutions integrating crypto assets to their platforms. Before Julius, Swiss-based Falcon Private Bank had also announced that it would enable its…

‘Stay Away from Bitcoin. It’s a Mirage,’ Says Warren Buffett

Warren Buffett, who earlier this month said he wouldn’t own bitcoin because he doesn’t consider it a store of value or reliable means of exchange, again dismissed bitcoin on Friday. Warren Buffett, investor and Berkshire Hathaway CEO, made an interview with CNBC on 14th March 2014. He warned investors to stay away from Bitcoin and other digital currencies “It is a mirage basically”, he insisted. That is pretty obvious that Warren doesn’t believe in Bitcoin long-term potential. He also maintained that cryptocurrencies have a lack of intrinsic value, though he conceded that they…

Private, Enterprise Blockchains ‘Make No Sense’ and Are Set to Fail: Abra CEO

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The idea of private blockchains, such as enterprise blockchain platforms, will eventually “fail miserably,” the CEO of Abra said during Fortune’s “Balancing The Ledger” show on Feb. 25. Bill Barhydt, CEO of cryptocurrency wallet and investing app Abra, has argued that the idea of a truly decentralized cryptocurrency contradicts the notion of private blockchains. Unlike public blockchains, such as those of Bitcoin (BTC) and Ethereum (ETH), which can be accessed and joined by anyone, private blockchains represent a permissioned network with access controls that restrict who can join, meaning that…

Blockchain-for-Banks Startup Switches From Hyperledger to R3’s Corda

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MonetaGo, a software development company that builds private blockchains for financial institutions and central banks, has decided to change its underlying architecture from Hyperledger Fabric to R3’s Corda platform. The New York-based firm, which has been testing its blockchain-based anti-fraud platform for receivables financing in India, cited concerns with how Hyperledger Fabric would scale up once large numbers of participants joined the system.  MonetaGo CEO Jesse Chanard told CoinDesk, “As we looked at the different scalability pieces of Hyperledger, we saw that it could get challenging, at least at the current throughput…

Blockchain-for-Banks Startup Switches From Hyperledger to R3’s Corda

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MonetaGo, a software development company that builds private blockchains for financial institutions and central banks, has decided to change its underlying architecture from Hyperledger Fabric to R3’s Corda platform. The New York-based firm, which has been testing its blockchain-based anti-fraud platform for receivables financing in India, cited concerns with how Hyperledger Fabric would scale up once large numbers of participants joined the system.  MonetaGo CEO Jesse Chanard told CoinDesk, “As we looked at the different scalability pieces of Hyperledger, we saw that it could get challenging, at least at the current throughput…

Ripple Earns Coinbase Listing, At Last. Does it Prove XRP is Not a Security?

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For years, supporters of the Ripple blockchain network and its native cryptocurrency XRP have anticipated the listing of the asset on Coinbase, the largest digital asset exchange in the U.S. Many investors have believed that the integration of XRP by Coinbase could be considered as a confirmation of regulatory clearance on the nature of the digital asset as a nonsecurity. However, Jake Chervinsky, a government enforcement defense and securities litigation attorney at Kobre & Kim LLP said that there are too many variables to directly conclude XRP as a nonsecurity.…

HTC’s Blockchain Phone Exodus Partners With Opera Browser, Adds Multiple DApps

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Blockchain-centric smartphone Exodus, developed by consumer electronics giant HTC, announced that it had partnered with Opera Browser as well as added support for multiple DApps. The news was revealed in a series of tweets on Feb. 26 from the firm’s official Twitter. The company announced support for Etheremon and Decentraland DApps in its ZIONVault integrated cold storage. Moreover, according to a Verge report, the smartphone now also supports a Taiwanese DApp called Numbers. Numbers reportedly tracks user data and allows users to sell their data to third parties for cryptocurrency,…

Microsoft, Telefónica to Work on Blockchain Innovation in Fresh Partnership Deal

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Spain’s biggest multinational telecommunications company, Telefónica, has partnered with Microsoft to expand its digital innovation using blockchain and artificial intelligence (AI), a press release confirmed on Feb. 25. Telefónica, which has sealed multiple blockchain-related partnerships in recent months, will now leverage Microsoft’s Azure platform to develop new services for the telecoms industry. The deal emerged as part of the ongoing World Mobile Congress in Barcelona. “Together, we will apply the power of Azure and Azure AI to create new, innovative experiences for millions of Telefónica customers around the world and…

Mobile Cryptopunk Game Announces a New Approach to Non-Fungible Tokens

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Estonian game developer Ether Dale is ready to implement its new system — dubbed “Side-chain 2.0” — to its multi-blockchain mobile game Glitch Goons. The company says its aim is to build a platform on which people who are not familiar with blockchain can easily create, trade and exchange non-fungible tokens (NFTs). Easy way to non-fungible tokens Glitch Goons is a player-versus-player (PvP) automatic game where cybernetic animal-humanoids battle with each other to get resources and power in a futuristic, post-apocalyptic world. Now, the developer is planning to implement its…

Bitcoin Price Holds Above $3,700 But Bulls Need Progress Soon

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View Bitcoin’s defense of $3,700 is encouraging, but a positive follow-through is needed soon to invalidate a bear flag pattern that has developed on the hourly chart. A UTC close below $3,714 would validate Sunday’s bearish outside reversal candle and confirm a bullish-to-bearish trend change. The probability of BTC closing today below $3,714 would rise if the cryptocurrency drops below $3,764 in the next few hours confirming a bear flag breakdown. A bear flag breakdown, if confirmed, would open the doors to levels below $3,400. On the higher side, a…