Day: March 18, 2019

Crypto Exchange Bithumb to Reduce Staff By Up to 50%

boss

Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150. When reached, an official at the company confirmed the 50 percent figure, adding that it expects those departing will mostly be employees who already want to leave the company. “Voluntary retirement is part of our support program for former employees and is intended to provide assistance and…

Stellar Lumens (XLM) Rally as Volumes Double After IBM Move

boss

Stellar Lumens up 11 percent from last week IBM and six banks sign a letter of intent for World Wire stable coin issuance Transaction volumes double in eight days With IBM single-handedly bringing on board six banks, XLM prices are surging and up 11 percent in the last week. We expect prices to edge higher in days ahead. If prices close above 15 cents, Stellar Lumens (XLM) could double to 30 cents Stellar Lumens Price Analysis Fundamentals Similar to Ripple, Jed McCaleb’s Stellar is a low-cost platform that enables cross…

Blockchain Boom in Ireland, but Brexit Looms

boss

Strong growth has returned to Ireland one decade after the banking crisis and international bailout. But, financiers and investors fear a “no deal” Brexit — in which the United Kingdom leaves the European Union without a trade agreement at the end of the month — could again destabilize Ireland’s boom-and-bust economy. The U.K. received 11 percent of Ireland’s exports of goods in the past year, while supplying more than one-fifth of its imports. The Irish central bank conjectures that an orderly exit from the EU would decrease the gross domestic…

Qatar Telecommunications Giant Ooredoo Launches Blockchain Initiative

boss

Qatar-based telecommunications giant Ooredoo Group has launched a blockchain initiative, English-language local media The Peninsular Qatar reports on March 18. Per the report, the company already collaborates with entities in the private, public and academic spaces to develop blockchain solutions. Ooredoo Group CEO Sheikh Saud bin Nasser Al Thani is quoted in the article as stating that “blockchain will facilitate new digital business models and revenue in the next five years.” According to him, blockchain enables organizations to optimize costs and enhance efficiency, transparency and trust while allowing secure digital…

Stellar Price Spikes Just Prior to Coinbase App Listing

boss

The stellar cryptocurrency has completed its Coinbase rollout following its listing on the retail-facing brokerage platform Coinbase.com. Stellar Goes Live on Coinbase.com & Mobile Apps The US-based crypto exchange announced just minutes ago that stellar was now available on the Coinbase website and mobile apps, approximately five days after the cryptocurrency launched on order-book exchange Coinbase Pro. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. The stellar cryptocurrency is…

US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager

boss

American payment services firm Visa has published a crypto and blockchain-related job opening on San Francisco-based recruiting software firm SmartRecruiters on March 6. Global financial services corporation Visa is seeking blockchain talent for the position of Technical Product Manager at Visa Fintech in their Palo Alto office. The person will be responsible for the execution of Visa’s product strategy within a cryptocurrency ecosystem, and will be required to manage the roadmap for crypto-related opportunities. According to the job description, the person should be possess a functional knowledge of the crypto…

Existing Security Laws Vague, Hinders Development

boss

Ripple prices stable below 34 cents Security laws relating to blockchain still fuzzy says, David Schwartz Transaction volumes shrinking as prices consolidate David Schwartz, the CTO of Ripple Inc, believes that existing security laws are vague and are therefore a hindrance. Even so, he is confident and comfortable that Ripple (XRP) is a utility and security laws don’t apply. Perhaps this would help support prices and eventually firm the ground in readiness for higher highs. Ripple Price Analysis Fundamentals In an unregulated space of which blockchain applications are supposed to…

South Korean Internet Giant Kakao to Integrate Crypto Wallet in Messaging App

boss

South Korea’s biggest internet corporation Kakao will reportedly integrate its crypto wallet in its messaging app KakaoTalk, local financial news agency Fnnews reported on March 18. According to the report, more than 44 million South Korean KakaoTalk users will be able send peer-to-peer transactions using Kakao’s crypto-powered wallet. The South Korean messaging giant will reportedly integrate the wallet in KakaoTalk after the launch of blockchain platform Klaytn’s commercial service, a spin-off of Kakao’s subsidiary Ground X. Recently, Bloomberg reported that the company will conduct another $90 million-capped initial coin offering…

Bipartisan Bill Proposes Study of Blockchain in Agriculture

boss

The official Colorado legislation portal reveals that a bipartisan bill proposing a study of blockchain use in agriculture has been introduced on March 15. The bill, jointly filed by four Colorado representative and senators, proposes that the commissioner of the department of agriculture should assemble an advisory group to study blockchain application in the industry. The document also specifies some potential use cases that should be studied, including end product tracking, inventory management and monitoring of in-field conditions. Moreover, the proposed regulation also suggests researching blockchain systems for equipment records…

Facebook Cryptocurrency is ‘Cool’ But Bitcoin is Better

boss

Billionaire investors Cameron and Tyler Winklevoss aren’t too worried that Facebook’s cryptocurrency project will end up being a “bitcoin killer.” In fact, they maintain that it will have more impact on the world than Facebook ever did. Winklevoss: Bitcoin Still ‘So Young’ for People to Crow over its Demise Speaking to the UK’s Daily Telegraph at the annual SXSW festival of film and music, the twins, who first bought the leading cryptocurrency when it was valued at around $8 per coin, pointed to how an emerging Amazon outmaneuvered retail giant…