Day: March 29, 2019

Next Bitcoin Halving is Attractive for Investors, Says Top Asset Manager

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Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Greyscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. The firm used those metrics to predict how the bitcoin price would react to the next halving event, which is going to take place on May 24 next year. In retrospective, miners contribute computational power to confirm blocks on the Bitcoin network and…

Japanese E-commerce Giant Rakuten to Launch Its Crypto Exchange in June

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Japanese e-commerce giant Rakuten will launch its own cryptocurrency exchange, dubbed Rakuten Wallet, this June, Cointelegraph Japan reports today, March 29. As per the official announcement from Rakuten, the exchange will start accepting applications for opening accounts on April 15. Rakuten Wallet is set to go live in June. According to Rakuten, its trading platform will allow users to trade digital assets via a smartphone application. Opening an account will be free of charge and customers’ funds will be stored in a cold wallet, the press release notes. The company…

Bitmain Announces Launch Date for Antminer S17 Series

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Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. The news was revealed in an official Bitmain blog post on March 29. As previously reported, the new miners will be fitted with Bitmain’s 7nm (nanometer) ASIC mining chip — dubbed “BM1397” — designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW) — most notably Bitcoin (BTC) and Bitcoin Cash (BCH). Three different Antminer S17 miners have now been specified as…

Bitcoin Payments Surge to New Record: Here’s the Real Trigger

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By CCN.com: The average transactions per Bitcoin block have gone to its all-time high in the past few days, and many people are attributing the rise in operations to a company called Veriblock. Veriblock is said to be creating as many as 20% of the total transactions on the Bitcoin blockchain at this time. The average number of transactions per block is at ATH. Source: https://t.co/XAQailPunX #bitcoin pic.twitter.com/B86lkuh5Iv — Gwented (@Gwented2) March 29, 2019 Veriblock: Proof of Spam? According to Blockchain.info, the current transaction rate is at its all-time high.…

Mt. Gox CEO Decides to Appeal Conviction on Manipulating Financial Records

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Mark Karpeles, former CEO of now-defunct Mt. Gox crypto exchange, has appealed his conviction on charges of manipulating data, The Associated Press (AP) reports on March 29. On March 15, Karpeles was acquitted of charges of embezzlement, but was found guilty of tampering with financial records, with the court stating that he manipulated data to harm his clients, betraying their trust and abusing his engineering skills. The Tokyo District Court reportedly found Karpeles guilty of combining his personal assets with those of the exchange in order to conceal the platform’s…

JP Morgan Beats Ethereum Studio ConsenSys with Most Blockchain Jobs

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According to data made available to CCN from Indeed.com, one of the companies doing the most hiring in the blockchain sector is none other than JP Morgan. Others who topped the list are Deloitte and IBM (unsurprisingly). The rest of the top 10 companies with blockchain jobs (or jobs in the cryptocurrency sector) is as follows: • KPMG• EY• Accenture• Cisco• Microsoft• Conduent• ConsenSys For the most part, these companies are not surprising. What is surprising is that ConsenSys, the most significant player in the Ethereum space by a long…

13 Banks Invest in SBI’s Ripple-Powered Blockchain Payment App

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Blockchain payment app MoneyTap, co-developed by Ripple and Japanese financial services giant SBI Holdings, has received investments from 13 local banks, according to an SBI press release published on March 28. In the announcement, SBI Holdings informs that Kiraboshi Bank, Shinsei Bank and Hokuriku Bank, along with ten other local financial institutions, have joined their project as shareholders. MoneyTap, which was designed to quickly transfer money via a mobile app using Ripple’s blockchain solution xCurrent, will reportedly receive investments from other Japanese financial institutions later this year. According to SBI…

Facebook Announces New Blockchain Jobs at Its California HQ

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Facebook’s HQ in Menlo Park, California, has opened five new positions in its blockchain department, according to listings posted today, March 29. The new jobs were posted in the company’s LinkedIn account. According to the announcements, the company is now seeking a growth product manager, product manager, data scientist, software engineer and business operations manager to join its blockchain team. The description of the positions also hints at the possible areas in which the firm may implement the technology: “The blockchain team is a startup within Facebook and we’re exploring…

Bitmain Eyes 2020 Bitcoin Block Halving as Pivotal Moment for Mining Fortunes

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Embattled cryptocurrency mining giant Bitmain has allegedly hinted the release of its new mining hardware could hinge on the 2020 Bitcoin (BTC) block reward halving. The news was reported by English-language Asia news outlet South China Morning Post (SCMP) on March 27. Bitmain, which has seen a testing six months as market volatility triggered redundancies and a failed public flotation, reportedly said next year’s event could reverse its fortunes. SCMP cited a “a company source with knowledge of the plan.” Block reward halvings reduce the amount of BTC awarded to…

Where’s the Justice? Mt. Gox CEO Escapes Embezzlement Verdict to Appeal Manipulation Charge

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The former chief executive of shuttered bitcoin exchange Mt. Gox is going for the trifecta now that his trial is over. Mark Karpeles got off scot-free on charges of embezzlement and breach of trust. While he was charged with manipulating electronic data on the trading platform, he plans to appeal the conviction, the Associated Press reports. In a blow to victims of what once was once the most heavily traded bitcoin exchange, prosecutors have now decided not to fight the Tokyo District Court’s March 15 embezzlement ruling that cleared Karpeles…