Day: March 19, 2019

Bitcoin’s Share of Total Crypto Market Slips Back Toward 50%

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Bitcoin’s dominance rate, or its share of the total cryptocurrency market, is on the verge of falling below 50 percent for the first time in over seven months. At press time, the world’s largest cryptocurrency accounts for 50.9 percent of the total capitalization of the entire market and fell as low as 50.54 on March 17, according to data from CoinMarketCap. Before 2017, bitcoin’s dominance rate was perpetually in excess of 70 percent, but it began to deflate as new cryptocurrencies were created and sold to investors in initial coin…

Bitcoin’s Share of Total Crypto Market Slips Back Toward 50%

boss

Bitcoin’s dominance rate, or its share of the total cryptocurrency market, is on the verge of falling below 50 percent for the first time in over seven months. At press time, the world’s largest cryptocurrency accounts for 50.9 percent of the total capitalization of the entire market and fell as low as 50.54 on March 17, according to data from CoinMarketCap. Before 2017, bitcoin’s dominance rate was perpetually in excess of 70 percent, but it began to deflate as new cryptocurrencies were created and sold to investors in initial coin…

Visa wants to hire experts in Cryptocurrency and Blockchain technology

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Payment processing giant Visa Inc. is seeking a Technical Product Manager with expertise in cryptocurrency and blockchain for its cryptocurrency team. The company has listed a job opening on San Francisco-based recruiting software firm SmartRecruiters to find the manager for Visa Fintech. The person will manage the product strategy and roadmap for the company’s cryptocurrency related opportunities. As per the site, the company is looking for one who is passionate about the intersection of payments and cryptocurrency, and deeply familiar with permissionless blockchain technology. The person also needs to work in…

BitGo Launches Custody for Blockchain Capital’s Security Token BCAP

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Blockchain security firm and wallet service BitGo has announced support for Blockchain Capital’s ERC-20 token, according to a press release shared with Cointelegraph on March 19. Blockchain Capital’s BCAP token is a security token based on the Ethereum (ETH) blockchain that was launched in a $10 million initial coin offering (ICO) back in April 2017. BCAP represents an indirect economic interest to the limited partnership interest in the tokenized investment fund, and is the world’s first security token that was sold in an ICO. According to the recent BitGo announcement,…

Shenzhen Issues Country’s First Subway Electronic Invoices Backed With Blockchain

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China‘s first blockchain-based electronic invoice for a subway ride was issued at the Futian Station of the Shenzhen Metro, local finance publication Securities Daily reports on March 18. Shenzhen is the first economic special zone in China. The e-invoice function is the jointly developed project of the Shenzhen Municipal Taxation Bureau and Chinese tech giant Tencent, which provided the blockchain technology back-up through its 1 billion user social media platform WeChat.    As the publication states, after the end of each trip, the Shenzhen Metro passenger code can be seen…

New Report Warns 87 Percent of Cryptocurrency Exchange Volume Is Potentially Suspicious

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Almost 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect, new research from trading analytics platform The Tie warned in a digest released on March 18. Reporting on figures gathered from 97 exchanges, researchers found that the vast majority of the volume claimed to come from users may not in fact exist. The revelations came as a result of calculations of lesser-known exchanges versus well-known businesses such as Binance and Kraken. “In total we estimated that 87% of exchanges reported trading volume was potentially suspicious and that 75%…

Blockchain Startup Bison Trails Receives $5.25 Mln Investment Backed by Galaxy Digital

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New blockchain startup Bison Trails has received an investment of $5.25 million in a seed round backed by Mike Novogratz’s crypto merchant bank Galaxy Digital. The firm announced the fundraising in a Medium post on March 15. Led by two early stage venture capital firms Initialized Capital and Accomplice, the series seed round was also backed by both Galaxy Digital and blockchain-focused asset management firm Distributed Global. Other investors included Notation Capital, Homebrew and Charge Ventures. Bison Trails’ blockchain infrastructure is designed to offer a way to launch secure, available…

Leading the Way to the Fourth Industrial Revolution Against the Odds

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Human imagination and the strive to turn science fiction into science fact goes back to ancient times, but has only truly begun to manifest itself in the last 50 years. Though mostly unseen by average users, artificial intelligence (AI) is already deeply embedded in the basic processes people have become accustomed to. Blockchain technology has come to the forefront in much the same way AI had, through a long development process full of trials, tribulations, ignorance and triumphs over skeptics and critics alike. The application potential for blockchain is no…

ICO fines Vote Leave £40,000 for sending unlawful text messages

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The Information Commissioner’s Office (ICO) has fined Vote Leave Limited £40,000 for sending out thousands of unsolicited text messages in the run up to the 2016 EU referendum. An ICO investigation found that Vote Leave sent 196,154 text messages promoting the aims of the Leave campaign with the majority containing a link to its website. The investigation also found that Vote Leave was unable to provide evidence that the people who received the messages had given their consent; a key requirement of electronic marketing law. ICO Director of Investigations, Steve…

Seoul Medical Center to Launch Blockchain Tech Project With Korean Science, IT Ministry

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A major hospital in South Korea’s capital city has announced plans to launch a blockchain-based platform aimed to improve its medical services. The news was reported by the Daily Medi, a healthcare sector-focused Korean news outlet, on March 17. According to the publication, the “Smart Hospital” project was jointly developed by the Korean Ministry of Science and ICT and the Seoul Medical Center, and aims to improve data accuracy and reduce processing timing for the aforementioned hospital. The article also states: “Seoul Medical Center will build an automated, personalized, integrated…