Day: March 12, 2019

Crypto.com Chain (CRO) Jumps 168% in a Day

boss

A cryptocurrency had bulls for breakfast this Tuesday, with steroids as a topping. Crypto.com Chain, a blockchain project which reportedly enables instant crypto transactions, saw its native token CRO jump as much as 168 percent today. The crazy upsurge pushed the project’s market valuation from a modest $72-75 million range to above $200 million. As of 1300 GMT, CRO was trading at $0.052, down 13.416 percent from its intraday high. Crypto.com chain (CRO) 7-day price chart| SOURCE: Coinmarketcap.com The CRO volume posted circa $682 million worth of trades, quoted the most…

Worries of Fake Bitcoin Volumes Could Derail BTC Bulls

boss

Bitcoin price up 4.3 percent in last week Jay Clayton worries affirmed by recent Integrity Report Transactional volumes low but can rise as prices recover Derailing possible bulls are worries of fake volumes printed by obscure exchanges. These actors while core to crypto are also taking part in malpractice that could hinder the approval and final roll-out of a Bitcoin ETF. In the meantime, Bitcoin has support and up 4.3 percent from last week’s close. Bitcoin Price Analysis Fundamentals The global and unregulated nature of cryptocurrencies means some exchanges are…

Samsung SDS is announcing its plans to innovate in various fields with Blockchain and Intelligent Process Automation

boss

Samsung SDS, will announce a new service that enhances traceability of supply chain based on Blockchain and logistics business automation at the ‘Cello Conference 2019’ to be held on March 14. advertisement Blockchain based supply chain technology allows for a more secure and transparent way of tracking all types of transactions, presenting lots of possibilities across the supply chain. When a product changes hands, the transaction can be documented, creating a permanent history of a product, from manufacture to sale. This process could dramatically reduce time delays, added costs, and…

Max’s Corner 6: Breakthroughs in Cryptography

boss

Photo: Pixabay We’ll take a look at research developments from Microsoft and MIT, check in with the RSA conference, and check out a start-up that has drawn the interest of investors before finally turning our attention to the other big story of the week, Tron’s collaboration with Tether. RSAC Convenes in San Francisco With a broad list of topics ranging from developments in blockchain to nuances of government policy, the RSA Conference convened in San Francisco last week. Started in 1991 as a small cryptography conference, the RSAC has over…

Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform

boss

Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance invoices by linking them with financiers to borrow money against invoices, using blockchain and artificial intelligence (AI), according to a report by startup-focused publication EU-Startups.com on March 11. Finturi has reportedly raised its first investment via an angel round led by NetSam Participaties BV, which evidently participated in an investment round for…

Binance’s Trust Wallet Adds Support for XRP, Credit Card Payments

boss

Cryptocurrency exchange Binance’s official wallet, Trust Wallet, now lets users buy cryptos with credit cards. The new payment option is being offered in partnership with Israel-based payments processor Simplex, according to an announcement from Binance on Tuesday. At the same time, the exchange said, Trust Wallet is adding support for XRP, the third largest cryptocurrency by market capitalization. Trust Wallet users can now, therefore, purchase XRP, bitcoin (BTC), bitcoin cash (BCH), litecoin (LTC) and ether (ETH) with “major” credit and debit cards. The announcement did not specify which cards are…

Fidelity Exec: Hundreds of Institutions Interested in Crypto Investment

boss

At long last, it seems that the long-awaited institutional herd is finally arriving on the crypto industry’s doorsteps. Case in point, a Wall Street powerhouse has launched its Bitcoin-focused division amid institutional clamoring for cryptocurrencies and related innovations. But there’s still a ways to go in this subsector. Fidelity Soft Launches Crypto Division As we reported in NewsBTC’s most recent “Crypto Tidbits” segment, Fidelity Investments, a Boston-headquartered finance giant, has soft-launched the Digital Asset Services (FDAS) branch to a small audience. In a number of interviews with cryptocurrency outlets this…

Crypto Startup Behind Alibabacoin Agrees to Stop Using ‘Alibaba’ Name After Legal Action

boss

Dubai-based crypto firm ABBC Foundation has agreed to stop using the name “Alibaba” for its cryptocurrency after legal action by Chinese e-commerce giant Alibaba Group, Reuters reported on March 11. The decision from ABBC Foundation is reportedly part of a settlement of an almost year-long lawsuit brought by Alibaba against the crypto startup. ABBC Foundation, previously also known as Alibabacoin Foundation, reportedly said that it regretted confusion caused by its former use of the name “Alibabacoin” for its firm and cryptocurrency. Per the report, the company’s coin will now be…

CULedger partners with IBM to deliver blockchain services for credit unions

boss

CULedger, a credit union service organization or CUSO, announced a collaboration with Tech giant IBM to provide blockchain services for financial cooperatives and credit unions around the world. Credit union-owned CULedger said it will work with IBM to use permissioned blockchain technologies to create an immutable audit trail. With this, credit unions can create new business models and enhance existing business processes. Initial services on CULedger’s blockchain network will be available to credit unions worldwide beginning later in 2019. By creating a permissioned blockchain network, CULedger will improve services such as identification…

Active Development for Most Bitcoin Forks Evaporates

boss

A report published by Electric Capital has estimated that the number of developers working on public cryptocurrencies has doubled since January 2018. The research found that Ethereum has the largest development team of all established crypto assets, with 216 developers contributing to its codebase each month on average. Also Read: EY Executive Says Bitcoin Has No Practical Use in India Report Studies Active Monthly Development Across 3,000 Crypto Assets The report’s authors indexed more than 21,000 code repos, analyzed 16 million commits, and examined 130,000 developers across approximately 3,000 crypto…