Day: April 18, 2019

Fintech Firm Hopes to Overhaul Microwork Industry With Platform Built on Blockchain

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An established mobile fintech platform with more than 5 million users across 200 countries is launching a decentralized ecommerce ecosystem designed to help anyone with a smartphone make a living, thereby democratizing wealth distribution. Vodi X is the partner company of Vodi, a company that offers its customers the ability to instantly top up prepaid mobile plans worldwide, to buy or send digital gift cards from over hundreds of brands, as well as to make international calls, texts and conduct video conferences. The team says they are seeking to overhaul…

Volkswagen Joins IBM-Backed Blockchain Platform for Cobalt Supply Chains

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Volkswagen is joining a blockchain-powered scheme to ensure the cobalt used in lithium-ion batteries for its electric vehicles is responsibly sourced. The carmaker announced its involvement in a news release on April 18. The German-headquartered company hopes the technology, built on the IBM Blockchain Platform, will “increase efficiency, sustainability and transparency in global mineral supply chains.” In smartphones to cars, cobalt has become a crucial component for consumer products, but according to an IBM blog, two-thirds of global production comes from the Democratic Republic of the Congo, where an estimated…

Bitcoin Hovers Over $5,250 as Top Cryptos See Growth

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Thursday, April 18 — Most of the top 20 cryptocurrencies are reporting gains on the day by press time, as bitcoin (BTC) hovers over the $5,300 mark. Market visualization courtesy of Coin360 Bitcoin is up almost 1% on the day, trading at $5,297 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up almost 5%. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $18.5 billion. The second-largest altcoin, Ripple (XRP),…

$20k by 2041 False Even if Bitcoin (BTC) Is Maturing With Deep Liquidity

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Bitcoin (BTC) trend is bullish but below Apr-11 highs Analyst says Bitcoin (BTC) may take 22 years to re-test 2017 highs Accompanying firm upsides is shifting sentiment and recovering prices. At spot rates, Bitcoin (BTC) gains are low, but even so, it is volatile enough and attractive for risk-off traders. Our immediate targets remain at $5,800 and $6,000. Fundamentals The community is haggling over price and for good reasons. Bitcoin, as we know, is the primary driver of the crypto asset space and therefore, where it stands is quite essential.…

NYDFS: Why We Rejected Bittrex’s Application for a BitLicense

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Shirin Emami is the executive deputy superintendent for banking at the New York State Department of Financial Services. Bittrex purportedly aims to get the facts straight about the denial of its license applications by the New York State Department of Financial Services (DFS) in recent statements to the media (including CoinDesk). But, the cryptocurrency exchange leaves out the context necessary to understand its failures to comply with DFS’s licensing requirements, it continues to misstate the facts and it presents a misleading picture about the denial. First, Bittrex claims that DFS…

NYDFS: Why We Rejected Bittrex’s Application for a BitLicense

boss

Shirin Emami is the executive deputy superintendent for banking at the New York State Department of Financial Services. Bittrex purportedly aims to get the facts straight about the denial of its license applications by the New York State Department of Financial Services (DFS) in recent statements to the media (including CoinDesk). But, the cryptocurrency exchange leaves out the context necessary to understand its failures to comply with DFS’s licensing requirements, it continues to misstate the facts and it presents a misleading picture about the denial. First, Bittrex claims that DFS…

Institutional Crypto Trading Platform Bakkt May Seek New York BitLicense

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Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt is considering acquiring a New York BitLicense to launch its bitcoin futures, Bloomberg reports on April 18. Bakkt has seen resistance from the United States Commodity Futures Trading Commission (CFTC) to approve its bitcoin futures because of its intentions to custody user’s assets. Bloomberg quotes anonymous sources familiar with the situation, stating that to ease the concerns of the regulator, the company is considering acquiring a license from New York financial regulators. The CFTC recognizes state bank and trust licenses and could…

Vitalik Buterin in Free Speech Battle Cry Defends #DelistBSV

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Vitalik Buterin is known first and foremost as the creator of Ethereum, but he’s also famous for his disdain of centralized exchanges. After previously wishing that centralized exchanges…

Yes, Ethereum (ETH) Above $170 But Hitting Milestone Counts

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Ethereum prices above $170 Increasing competition means Ethereum 2.0 must launch on time despite the first-mover advantage Morpheus Labs, Cardano, Binance, Tron, and EOS are fierce competitors. Therefore, Ethereum coders accelerating their development mean Ethereum 2.0 will launch on time as ETH prices rally past $250 towards $1,500. Ethereum Price Analysis Fundamentals Without a doubt, Ethereum is a massive project bolstered by ultra-high distribution meaning it does operate within the tenets of blockchain. Because of this high decentralization and consensus through proof-of-work, it is secure, the native currency in ETH…

Bitcoin’s Most-Hated Regulatory Regime Could Be Bakkt’s Last Hope

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Intercontinental Exchange’s high-profile Bitcoin project, Bakkt, has faced severe pushback from the CFTC due to a fundamental concern about how its cryptocurrency assets will be stored. In response,…