Month: February 2019

Dow, Bitcoin Diverge as Market Waits for ‘Lying’ Cohen’s Trump Bombshell

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Dow futures traded down ahead of the US stock market’s opening bell as three major geopolitical events left Wall Street on edge. The bitcoin price, meanwhile, held steady above $3,800 while the crypto market bid farewell to the once-prominent “Coinbase effect.” Dow Futures Forecast Drop Below 26,000 As of 9:10 am ET, Dow Jones Industrial Average futures were down 60 points or 0.23 percent, implying an opening bell decline of 73.98 points. That drop would thrust the Dow back below the 26,000 mark. S&P 500 futures and Nasdaq futures are…

Following Crypto Whales, Bitcoin Retail Investors Began To Accumulate

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Bears decimated the Bitcoin price in 2018. Throughout yesteryear, the value of BTC fell by upwards of 70%, as blood flowed from the rotting carcasses of the crypto bulls. However, retail investors in it for the long haul have continued to squirrel away cryptocurrency holdings, even as this nascent market remains in a tumultuous, unpredictable state. Related Reading:  Bitcoin Unspent Transaction Output Accumulation Could Signal Crypto’s Next Bull Run Bitcoin Holders Bolster Positions It isn’t a secret that investors fled the cryptocurrency market en-masse. Mentions of Bitcoin on Twitter have reached dismal levels,…

Crypto-Fiat Payments Firm Wirex Launches Major Update, Adds 10 New Fiat Currencies

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Digital payments firm Wirex has released a major platform update, Wirex 3.0, adding ten new fiat currencies, according to an official press release on Feb. 27. From now, Wirex users in the European Economic Area (EEA) can access “unconditional access” to over-the-counter rates for cryptocurrency exchanges, as well as interbank rates for traditional currency exchanges. The press release clarifies that the update also brings these new features to residents of the Asia-Pacific region and Canada, letting said users operate their Wirex accounts in their local fiat currency for the first…

‘We’ve Seen Massive Value Creation’

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Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s (BTC) potential in an interview with Bloomberg published on Feb. 26. When Bloomberg asked Wozniak if he still expects Bitcoin to become the world’s currency in the future — an idea he expressed in June last year — after “we’ve seen massive value destruction in Bitcoin,” the entrepreneur countered: “I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.” Apple’s co-founder then argued that…

National University of Singapore and Chinese Tech Firm to Research Blockchain: Report

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The National University of Singapore (NUS) will work with a Chinese tech company to research and develop blockchain solutions, the Communist Party of China’s official news outlet, People’s Daily Online, reported on Feb. 26. As part of a blockchain and big data seminar held in the city of Chongqing in Sichuan Province, NUS will collaborate with local business Chongqing Jinwowo Technologies (CJT) on innovations that also include big data and artificial intelligence (AI). “This strategic cooperation will work within big data, artificial intelligence, blockchain technology, etc,” People’s Daily quotes professor…

New Ecosystem Says It Allows Sending and Receiving Crypto or Fiat With No Fees

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An upcoming crypto ecosystem has bold ambitions to offer “a much smoother way of moving fiat and cryptocurrency over the internet,” enabling people to pay in the fiat or crypto of their choice — whatever the requested currency — without fees. YPTOspace says it plans to develop a “first-of-its-kind platform that connects blockchain assets to real-world payment platforms,” all with the goal to become a one-stop-shop for payments and transactions for consumers and businesses. The startup argues that the current landscape is a “miserable experience” for consumers and impractical for…

Sony and Fujitsu to Trial Blockchain for Educational Record Integrity

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The education units of Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu are to trial blockchain technology for improving the integrity of course records and grade data. The news was officially reported in a press release from Fujitsu today, Feb. 27. The pilot comes via a joint venture between Sony Global Education, Inc., Fujitsu Limited, Fujitsu Research Institute and Human Academy Co., Ltd. — the latter being a language school for foreign students in Japan. Prospective foreign students participating in the blockchain trial will complete a course, “Nihongo…

Bitcoin Price On Track to End Six-Month Losing Streak

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View Bitcoin appears on track to snap its six-month losing streak and close February in the green for the fifth consecutive year. A 10 percent gain is accompanied by signs of bearish exhaustion on the weekly chart. As a result, BTC may remain bid in March. The short-term outlook remains bullish, with BTC holding above $3,714 and the 5- and 10-candle moving averages on the 3-day chart trending north. Further, a triangle breakout, witnessed last week, is still valid. A strong bounce from the 10-candle MA at $3,693 could yield…

Former council officer fined for emailing CVs of rival job applicants to his partner

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A former senior local government officer has been prosecuted for passing the personal information of rival job applicants to his partner. Kevin Bunsell was employed by Nuneaton and Bedworth District Council in Warwickshire as its Head of Building Control and had been trained in data protection law. In July 2017, his partner applied for an administrative job at the council and Bunsell was not involved in the selection process because of his personal relationship. However, he accessed the authority’s recruitment system and emailed the personal information of the nine rival…

Apple Founder Wozniak Claims Bitcoin Bear Market Created “Massive” Value For Crypto

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As Bitcoin (BTC) struggled in late-2018, headlines plastered on the world’s largest business news outlets accentuated that the cryptocurrency space lost hundreds of billions in value. While many cynics argue that this collapse was catalyzed by a similar decline in underlying fundamentals, pundits argue that by many measures, the crypto and blockchain space is just as strong as ever. Woz Doesn’t Buy That Crypto Saw Massive Value Destruction In 2018 Steve Wozniak, the other Steve behind what was once known as Apple Computer, recently sat down with Bloomberg’ Yousef Gamal…