Day: March 26, 2019

Here’s Why Litecoin Price Has Been Surging Since December 2018

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The cryptocurrency market was in a long bearish stretch until all the top assets located their short bottom in December last year. Litecoin was one among them. Litecoin Price Performance Since December 2018 | Source: CMC On December 12, the Litecoin’s dollar valuation touched its yearly low at $23.01. And since then, the pair has recovered surged close to 156-percent, now trading at a relatively impressive rate of $59, with recent highs going as up as $61.54.  One could say that Litecoin so far followed the overall cryptocurrency market sentiment.…

Blockchain Can Improve Productivity in Manufacturing

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The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has said that blockchain can improve productivity in the manufacturing industry. President and CEO Hong Yuan Zhen’s comments were reported by local media agency Sina Technology News on March 26. Sina reports that the executive made his statement during the “Boao Forum for Asia 2019 Annual Meeting,” which is being held in Boao in China’s Hainan province between March 26 and 29. During a forum devoted to the…

Crypto Exchange DragonEx Reports Hack of Both Platform, User Assets

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Singapore-based cryptocurrency exchange DragonEx has notified its users that it suffered a hack, according to an official announcement on the platform’s Telegram Channel on March 25. The incident— described as “attacks from hackers” that resulted in the transfer and theft of both “users’ […] and Platform crypto assets,” reportedly occurred on March 24, and was immediately detected by DragonEx. An admin from the exchange notified users that: “Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets. Several Judicial…

Chinese Province’s Transport Upgrade Plans Will Make Full Use of Blockchain, IoT

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Blockchain will be one of the technologies local Chinese authorities will leverage in an overhaul of local transport infrastructure, a government bulletin reported on March 25. New plans recently approved reference blockchain, in addition to other disruptive tools such as big data and the Internet of Things (IoT), as being useful for implementation in the Jiangsu Province, north of Shanghai. A multi-year project called the “Implementation Plan for the Promotion of Transportation Infrastructure Development” aims to update both passenger and freight networks to reduce pollution and increase efficiency. According to…

Bitcoin Probes Key Price Support Below $3.9K After Range Breakdown

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View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the key support levels lined up at $3,775 and $3,658. A strong bounce from the 30-day MA would weaken the bearish case. That said, a UTC close above $4,055 is needed to revive the bullish view.…

Blockchain-based Entertainment Platform ‘Blue Baikal’ opens Pre-Registration Event Connecting Producers, Influencers and Consumers

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Blue Baikal, a community service for global users who enjoy entertainment, opened-up eir pre-registration event, in which registrants can join the community, recommend a friend, and become ambassadors. Blue Baikal is a Blockchain based entertainment content platform that connects content producers, influencers, and consumers. The company pursues a system in which entertainment businesses can grow, profits can be maximized, and fair profit sharing with the participants is promoted. advertisement With three different formats, social media, digital content store and crowdfunding, Blue Baikal offers a platform in which users can promote,…

ICO fines Kent pensions company for sending nearly 2 million spam emails

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A Kent pensions company which relied on ‘misleading’ professional advice has been fined £40,000 by the Information Commissioner’s Office for being responsible for sending nearly two million direct marketing emails without consent. An ICO investigation found that Grove Pension Solutions Ltd of London Road, Halstead, Sevenoaks, Kent was responsible for 1,942,010 emails promoting its services. The emails were sent between 31 October 2016 and 31 October 2017. The ICO found that Grove Pensions Solutions Ltd had instructed a marketing agent to use third party email providers to carry out hosted marketing…

Singapore-Based Crypto Exchange DragonEx Has Been Hacked

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Singapore-based exchange DragonEx says it has been hacked for an undisclosed amount in a number of cryptocurrencies. DragonEx announced the news on its official Telegram channel on Monday, stating that, on Sunday, March 24, it had suffered a cyberattack that saw cryptocurrency funds owned by users and the exchange “transferred and stolen.” No information has yet been provided on the value of the losses. On Sunday, apparently as the breach was first being discovered, DragonEx first took its platform offline saying it was upgrading its systems. Later the same day, it…

Community-Led Pan-African Blockchain Standards Org Publishes Draft ICO Guidelines

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The African Digital Asset Framework (ADAF) — a project that aims to establish compliance-focused, cross-border blockchain standards for the African continent — published the first version of its guidance for initial coin offerings (ICO) on March 25. ADAF is supported by the African Digital Asset Foundation (which shares the same acronym) — a non-profit organization and open-source project founded in November 2018, which aims to encourage self-regulation and foster the establishment of legal and technical standards that would support digital trade between the African continent and the diaspora. According to…

Crypto Exchange Offering Revenue Sharing and Copy Trading to Launch in Arabic and English

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A crypto exchange says it aims to offer “an exceptional user experience for all traders on its platform, regardless of their experience level,” delivering support for multiple languages and sharing revenue among users. Pukkamex argues that many of the services dominating the industry right now are clunky, slow and vulnerable to crashing during crucial trades, something that can be disastrous for seasoned traders when prices are volatile. The company claims that its infrastructure eliminates unscheduled outages, meaning trades “will always be processed instantly, even during times of peak demand.” The exchange…