Day: March 1, 2019

Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials

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Big Four audit and consultancy firm PriceWaterhouseCoopers (PwC) is conducting a trial of its new blockchain-powered platform for ensuring the integrity of employee credentials. The trial, launched in partnership with the Institute of Chartered Accountants of Scotland (ICAS), was announced in a PwC press release published on Feb. 28. PwC’s “Smart Credentials” platform, earlier unveiled on Feb. 13, implements blockchain to issue, store and securely share digital certificates for employees’ professional qualifications. For the trial with ICAS, PwC employees, who have qualified as chartered accountants at the Institute within the…

Is Facebook About to Battle Telegram With its own Cryptocurrency Launch?

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The crypto token race is on between the world’s internet and messaging monopolies. Telegram already has a head start with a successful multi-million dollar ICO but Facebook will not be left behind and is highly likely to roll out its own cryptocurrency this year. Will ‘Face Coin’ be the Next Big Thing? There is very little chance that Facebook will be adopting or partnering with an existing crypto project. It has already expanded its own blockchain division when it acquired the team from London based Chainspace earlier this month. According…

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018

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Bitcoin trading volume on Square and Binance are a key metric for cryptocurrency investors who track the market’s movements. Unlike much of the cryptocurrency exchange industry, which suffers from inflated figures, investors trust Binance and Square’s numbers. That’s because Square’s on the hook with the SEC to keep his numbers straight, and Binance is just like that. It is the most trusted cryptocurrency exchange among digital asset investors despite the light financial regulations of Malta where it’s incorporated. What do these numbers tell investors? Square’s Q4 letter to shareholders reported…

$90 Million of QuadrigaCX’s Missing Crypto Found: Is it Recoverable?

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Zerononcense, a cryptocurrency blog run by editor James Edwards, claimed that it found the trails of the missing $90 million worth of crypto from the now-defunct exchange QuadrigaCX. The detailed report curated by Edwards discovered the transfer of 649,708 Ethereum from the wallets of QuadrigaCX to cryptocurrency exchanges including Poloniex, Bitfinex, and Kraken. Ethereum Wallet Connected to QuadrigaCX (Source: Zerononcense.com) Kraken CEO Jesse Powell has said in a statement that Kraken does not have any funds from the wallets of QuadrigaCX. The research claimed that there is “a high likelihood”…

$90 Million of QuadrigaCX’s Missing Crypto Found: Is it Recoverable?

boss

Zerononcense, a cryptocurrency blog run by editor James Edwards, claimed that it found the trails of the missing $90 million worth of crypto from the now-defunct exchange QuadrigaCX. The detailed report curated by Edwards discovered the transfer of 649,708 Ethereum from the wallets of QuadrigaCX to cryptocurrency exchanges including Poloniex, Bitfinex, and Kraken. Ethereum Wallet Connected to QuadrigaCX (Source: Zerononcense.com) Kraken CEO Jesse Powell has said in a statement that Kraken does not have any funds from the wallets of QuadrigaCX. The research claimed that there is “a high likelihood”…

Bitcoin Price Watch: BTC Confined In Tiny Ranges Below Key Resistance

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Bitcoin price spiked above the key $3,860 resistance level, but it failed to gain pace against the US Dollar. The price is trading in a range below the $3,860 and $3,900 resistance levels. There is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards the $3,740 support level before a fresh rebound towards $3,860. Bitcoin price is stuck in tiny ranges below the $3,860 resistance against the US Dollar. BTC could correct…

Crypto Market Facing Key Resistance: BNB Rallies, EOS, Bitcoin Cash, TRX Analysis

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The total crypto market cap is facing a lot of hurdles near the $126.0B and $128.0B resistances. EOS price is currently consolidating above the $3.50 support and preparing for the next move. Binance Coin (BNB) gained more than 10% and broke the $10.80 resistance area. Bitcoin cash price is struggling below the $135 resistance level. Tron (TRX) price broke the key $0.0240 support level to move further into a bearish zone. The crypto market recovered nicely, but bitcoin (BTC) and Ethereum (ETH) faced many hurdles. However, Binance coin (BNB) rallied…

Ripple Price Analysis: XRP Signaling Bullish Bias Above $0.3200

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Ripple price found a strong support near the $0.3000 and $0.3020 levels against the US dollar. Yesterday’s highlighted key declining channel was breached with resistance near the $0.3110 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading inside a short term triangle with resistance at $0.3155. XRP could make the next move and climb above the $0.3180 and $0.3200 resistance levels. Ripple price is showing a few positive signs against the US Dollar and bitcoin. XRP/USD recently broke a key resistance…

Bitcoin History Part 10: The 184 Billion BTC Bug

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There was something unusual about Bitcoin block 74638. It was Core developer Jeff Garzik who first spotted it, commenting on the “quite strange” transaction outputs, which stood at 92233720368.54 BTC apiece. That wasn’t meant to happen. Within an hour, another forum user had started a thread titled “overflow bug serious” in which he implored “We need a fix asap.” It was Aug. 15, 2010, and Bitcoin had just encountered its biggest bug yet. Also read: Bitcoin History Part 9: Mt. Gox Is Born Bitcoin Encounters a Very Big Bug Bitcoin…

New York-Based Signature Bank to Offer Services to Fintech Firms in Bermuda

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New York-based commercial bank Signature Bank will begin offering financial services to fintech firms in the island nation of Bermuda, local news daily the Royal Gazette reports on Feb. 28. According to the Royal Gazette, banks in Bermuda have mostly avoided dealing with the fintech industry, which is in need of financial services. Bermudian Premier David Burt said: “Signature Bank’s willingness to consider Bermuda-licensed businesses for banking services is a significant vote of confidence in and endorsement of Bermuda’s efforts to create a leading high standard regulatory regime for fintech…