Day: April 23, 2019

IBM Issued Patent for DLT-Supported Data Sharing and Validation

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Tech giant IBM has been awarded a patent for a mobile data sharing method that uses distributed ledger technology (DLT), according to documents published by the United States Patent and Trademark Office (USPTO) on April 23. The product described in the filing represents a continuation of U.S. patent application filed in November 2017 entitled “Information Sharing Among Mobile Apparatus.” IBM proposes a method executed by a mobile apparatus to verify information that has been shared between two devices. In detail, the platform can collect specific information and deliver it to…

Bitcoin’s Explosive Rally Targets $6,500 Next

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By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s a…

Bitcoin’s Explosive Rally Targets $6,500 Next

boss

By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That’s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there’s a…

Crypto Exchange Cuts Staff, Shutters Chicago Office

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By CCN: The markets may be moving into the green, but 30 Coinbase engineers will be seeing red tonight after they were reportedly laid off and the firm’s Chicago office closed. It’s a sure sign that despite positive sentiment returning, the crypto bear market is still determined to shrink a few more businesses before it’s over. It’s also a signal that mainstream financial players haven’t been ready to take the plunge into crypto. A Coinbase spokesperson told CCN: “Coinbase has consolidated our matching engine efforts into our San Francisco office.…

Lots of Building on BCH as Bitcoin.com’s REST Layer Sees Millions of Requests

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Over the last year, Bitcoin.com has released a robust Bitcoin Cash (BCH) developer platform loaded with programming tools like Bitbox as well as the newly launched Badger and SLP tool kits. In addition to these services, Bitcoin.com provides programmers with guides, a GUI BIP44 development wallet, a BCH testnet faucet, and REST layer for the BCH network so developers can speak to the blockchain over REST. On April 19, the Rest.Bitcoin.com platform got over 5 million requests in 24 hours, suggesting some exciting ideas are being built by BCH developers.…

Societe Generale Subsidiary Issues 100 Million Euro Bond on Ethereum Blockchain

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French specialized credit institution Societe Generale SFH issued a 100 million euro ($112 million) bond as a security token on the Ethereum (ETH) blockchain. The company announced the development on its website on April 23. Societe Generale SFH —  which is a subsidiary of one of Europe’s largest financial services groups, Societe Generale Group —  has rolled out its first pilot project developed in collaboration with Societe Generale FORGE. The latter is an internal startup launched through the Group’s intrapreneurial program, the Internal Startup Call. The transaction’s goal was to…

BlockFi Now Has Over $53 Million in Client Crypto Under Management

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BlockFi crypto wealth management and lending company now has over $53 million in client crypto assets under management. BlockFi announced the update in a blog post on April 23. In the announcement, BlockFi also states that it will implement some policy changes starting from May 1, 2019. Specifically, the company says that the minimum deposit to earn interest has been lowered. Bitcoin (BTC) balances of 0.5 BTC and more will begin earning interest on their deposits, while ethereum (ETH) deposits up to 250 ETH will earn 6.2% annual percentage yield…

Bitcoin Sim Swap Thief Nets 10-Year Jail Term

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Joel Ortiz, the principal suspect in a Bitcoin theft case, has been sentenced to years in prison according to a release from the office of the District Attorney of Santa Clara County, April 22, 2019. The 21-year old former Boston student stole cryptocurrency over $7.5 million from 40 victims via sim swapping. 10-Year Sentence for Bitcoin Thief In a statement from the office of the District Attorney of Santa Clara County, Joel Ortiz, a 21-year old former student from Boston, would be in jail for the next 10 years, after…

CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack

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Remember CoinBene, the cryptocurrency exchange platform that denied being hacked at the end of March 2019, and instead saying it was undergoing maintenance? Well, it turns out the platform is still under maintenance, or so the company says. Meanwhile, Cointelegraph has received exclusive details from stakeholders reportedly affected by the situation. These reports, for the most part, were only discussed on social media platforms like Twitter and Telegram but have yet to make an appearance on the cryptocurrency news circuit — until now. The CoinBene saga — timeline of events…

Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain

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Head of digital market assets at Credit Suisse, Emmanuel Aidoo, said that the desire among financiers to maintain the status quo is holding back the adoption of blockchain technology, Business Insider reported on April 23. In an interview with Business Insider, Aidoo said that banks’ unwillingness to adopt blockchain lies in culture within banks, and has nothing to do with the technology’s immaturity or a lack of potential use cases within financial organizations. Aidoo said: “What is preventing the banking industry from rushing into it? I think it’s mostly culture.…