Day: May 13, 2019

Enterprise Ethereum Alliance Publishes Latest Client Specs in Blockchain Standards Push

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Enterprise Ethereum Alliance (EEA), the standards body seeking a common approach for businesses using ethereum’s code, has released a third version of its client specification, as well as updates on privacy and performance. Announced Monday at CoinDesk’s Consensus 2019 conference, EEA released its Enterprise Ethereum Client Specification V3, which simplifies permissioning systems, inherent to enterprise blockchains and a range of other recommendations. Also released was the latest details on how to connect with and integrate a particular subset of privacy and scaling methods covered by the “Off-Chain Trusted Compute Specification…

Ethereum Consortium Launches New Enterprise Tools With Input From Microsoft, Intel

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Member-driven blockchain standards organization the Enterprise Ethereum Alliance (EEA) has released two new specifications aiming to accelerate and enhance blockchain implementation for enterprises. The news was shared with Cointelegraph in two press releases on May 13. The EEA, which counts over 500 members, describes itself as a “standards organization whose charter is to develop open, blockchain specifications that drive harmonization and interoperability.” EEA members include global consulting firm Accenture, banks Santander and JPMorgan Chase, blockchain incubator ConsenSys, Big Four auditor EY, tech giants Intel, Microsoft and IBM and blockchain consortium…

Bitcoin Worth Over $7,400 Again as US Stock Market Sees Moderate Downturn

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Monday, May 13 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has crossed the $7,400 mark. Market visualization courtesy of Coin360 Bitcoin is up over 5.2% on the day, trading at $7,431 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over more than 22%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, consumer electronics giant HTC announced the future launch of the Exodus 1S smartphone with bitcoin full node capability.…

Bitcoin Reached $7500 the Highest Level In 9 Months

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Bitcoin’s dream run to better heights continued at the weekend and reached its highest level since August 2018 – $7516 – on Sunday. It was also the top price of the year. The quick rise began late Friday when Bitcoin was trading at $6300, and within 11 hours the most popular cryptocurrency shot up by more than $1200, or 20 percent. Although BTC pulled back briefly, it started climbing back late Sunday. At the time of writing this, Bitcoin was trading at $7,386, according to Coinbase’s price data. The softcoin…

Institutional Demand Pumped Bitcoin Price This Week

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It was institutional buyers that pumped the bitcoin price by 23 percent last week, according to a prominent cryptocurrency analyst. Alex Krüger said the latest bitcoin price action hinted systematic buying, an act of people pooling their strategy to purchase a financial asset in large volumes. Retail investors lacked the capital that could pump the bitcoin market capitalization by approx $32 billion in a week. So, it was very likely that a “handful of large players” initiated a coordinated pump, and bitcoin’s valuation rose wildly. “Clues to reach that conclusion…

Germany’s Second-Top Exchange Börse Stuttgart Lists Ripple and Litecoin-Based ETNs

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Börse Stuttgart (SWB), the second-largest stock exchange in Germany, has listed two crypto exchange-traded notes (ETNs), according to a press release shared with Cointelegraph on May 13. Based on two major cryptocurrencies, XRP and litecoin (LTC), and issued through XBT Provider, the ETNs can now be traded against the Swedish krona (SEK) and euro (EUR) on Börse Stuttgart, Europe’s tenth-largest exchange, the announcement says. The SWB’s crypto ETNs listing purportedly allows investors to track the future price developments of XRP and LTC through exchange-traded securities, which is the first initiative…

Ampleforth Publishes Updated White Paper for Non-Correlated, Price-Stable Digital Asset

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Ampleforth — the developer of a new synthetic commodity designed to diversify risk — has released an updated white paper for its digital asset protocol. The paper was shared with Cointelegraph in an email on May 13. Citing prior researchers, the white paper’s co-authors define a synthetic commodity as “money that has absolute scarcity but lacks non-monetary use value” — whose possibility was heralded by the innovation of blockchain technology back in 2008. According to the press release, the design for the Ample token — expected to be traded under…

Consumer Electronics Giant HTC Announces Bitcoin Full-Node on Exodus 1S Smartphone

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Consumer electronics giant High Tech Computer (HTC) announced the Exodus 1S smartphone with bitcoin (BTC) full node capability in a press release shared with Cointelegraph on May 11. In the press release, the company claims that the value-oriented version of the smartphone will be released at the end of the third quarter of 2019. Building on the first generation of the company’s blockchain smartphone, Exodus 1, HTC claims that it will be the first smartphone to provide full node capability. The release states that the phone will contain the full…

Binance Resumes Deposits on Tuesday, Could Spark Raging Crypto Rally

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By CCN: The world’s largest crypto exchange Binance, which temporarily paused deposits and withdrawals following its high profile hack that resulted in the loss of around $49 million worth of bitcoin, is set to fully resume deposits and withdrawals on Tuesday. On May 10, Changpeng Zhao, the CEO of Binance, stated in an official update that the exchange is planning to resume deposits and withdrawals early next week, and the company is on schedule in reopening the platform subsequent to a relatively large security breach. For Binance, the 7,000 BTC…

PAX Streamlines Redemptions in Battle for Stablecoin Market Share

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Most crypto companies avoid comparisons to traditional banks. But Chad Cascarilla, CEO of the stablecoin issuer Paxos, welcomes the analogy. “It’s akin to a bank account,” Cascarilla said, describing the new integration of Paxos wallets to the sister company itBit, a crypto exchange. “It has the look and feel in part of a bank account, in part of a custody account.” As part of this new user interface, Paxos accounts now allow users to instantly redeem PAX dollar-backed stablecoins, which were previously only redeemable a few hours a day. The…