Day: May 28, 2019

Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project

boss

Indian tech firm Mphasis — majority-owned by the American multinational private equity firm Blackstone Group — has partnered with blockchain tech giant Bitfury on a trade finance project, Reuters reported on May 28. The report notes that Blackstone owns 52.3% of Mphasis, which is listed on the National Stock Exchange of India. According to Reuters, details of the Mphasis-Bitfury project are still evolving, but Mphasis’ senior vice president and global head of payments Andres Ricaurte has reportedly stated that: “Our goal is to accelerate the disruption and transformation in the…

This Surging Crypto Spiked 200% in 2019, Likely to Double Before 2020

boss

By CCN: The EOS fireworks are just getting started. The commonly touted fundamental factors are June’s Block.one event in Washington and the purchase of 3.3 million tokens worth of RAM described as pushing the price up. There are also rumors that a game-changing announcement will be made in June. These developments have certainly helped the cause of this cryptocurrency but these are not the major catalysts driving the price up. Over the last few weeks, the smart money has shown its hands as EOS continues to move with strong bullish momentum.…

Uber Angel Investor Predicts Bitcoin Price will Fall to $500

boss

The bitcoin price will likely fall anywhere between $0 and $500 in the future, according to Jason Calacanis. The prominent venture capitalist said on Wednesday that the world’s largest cryptocurrency operates in a manipulated market. He further discussed the possibility of [a] new, emerging technology replacing bitcoin that would eventually hurt its long-term fundamentals as an asset. “It’s possible [bitcoin] is built to last, but not probable, so keep your position to an amount you’re willing to [lose],” suggested Calacanis. “For most, that’s 1-5% of net worth.” My position remains the…

IBM Blockchain Finance Lead Jesse Lund Is Leaving the Firm

boss

Jesse Lund, IBM’s global head of blockchain for financial services and digital currencies, is no longer working for the company. A spokesperson for IBM confirmed Lund’s departure via an email to CoinDesk: “I can confirm that Jesse Lund is no longer employed by IBM. IBM’s practice is not to discuss the specifics of employee departures.” A former banker, Lund harbored an ambitious plan to bring cryptocurrency into the enterprise world and also to explore stablecoins and central bank digital currency. He spearheaded IBM’s World Wire payment network which used the…

Blockchain and Financial Services Lead Jesse Lund Leaves IBM

boss

Jesse Lund, IBM’s global head of blockchain for financial services, is no longer working for the company. A spokesperson for IBM confirmed Lund’s departure via an email to CoinDesk: “I can confirm that Jesse Lund is no longer employed by IBM. IBM’s practice is not to discuss the specifics of employee departures.” A former banker, Lund harbored an ambitious plan to bring cryptocurrency into the enterprise world and also to explore stablecoins and central bank digital currency. He spearheaded IBM’s World Wire payment network which used the Steller blockchain to…

Central Bank’s Draft Law Requires Licenses for Crypto-Related Activities

boss

A new banking law drafted for the Central Bank of Egypt (CBE) would make it mandatory to obtain licenses in advance of creating, advertising or operating platforms for issuing or trading cryptocurrencies. The news was reported by online newspaper The Egypt Independent on May 28. Citing an official source’s remarks to the Egyptian MENA news agency, the Independent states that if passed, the draft bill will also empower the CBE’s Board of Directors to determine and issue rules for the trading and handling of cryptocurrencies in the country. According to…

FOMO Frenzy Triggers Bitcoin Price to ‘Blast’ $10,000 This Week: Analyst

boss

By CCN: Chief Market Analyst at ThinkMarkets, Naeem Aslam, has laid down an enticing marker in an email note to his subscribers to predict bitcoin price booming past the crucial $10,000 milestone. Aslam believes that considering the recent spikes in price and the positive sentiment abounding through the cryptocurrency market, the price of bitcoin could cross a vital milestone in the coming days. Should it breach the $10,000 mark, it would have reached the halfway point of its all-time high of $20,000 from December 2017. Entirely Bullish Aslam has never…

Indian State of Telangana Aims to Set up Blockchain District for Start-Ups

boss

The Southern Indian state of Telangana plans to establish the country’s ostensibly first blockchain district, local newspaper The Hindu Business Line reported on May 27. The planned district will reportedly aim to establish an ecosystem for blockchain startups and research institutes. While it will seek to attract a host of different blockchain projects, the initiative reportedly has a particular focus on those working to develop blockchain applications for the banking sector, financial services and insurance, pharma and healthcare, logistics and supply chain management and solutions for government sectors. According to…

Ready or Not, Bitcoin Price to Reach $10K This Week Says Chief Market Analyst

boss

With Bitcoin kicking off the week with yet another positive spike in its price, bigger and bolder predictions are being made about its potential next target. Naeem Aslam of ThinkMarkets has been so bold as to predict that its price could reach $10,000 by this week, The chief analyst put out an enticing warning to investors who may not be used to the full potential of Bitcoin’s volatility. Previously to this rally, it took Bitcoin mere days to go from $10,000 to $20,000, and so it could be that this…

EOS Price Hits 10-Month High Ahead of ‘Big Announcement’ Tease

boss

By CCN: EOS price rose above $8 this Tuesday for the first time in over ten months. The world’s fifth largest cryptocurrency by market capitalization climbed to $8.272 ahead of the Asian market open. While the price corrected lower towards $7.73 as the session matured, the move did not shake the overall bullish bias. EOS appeared stronger than other top-ranking digital assets by posting a 16-percent growth in the past 24-hours, bringing about $1 billion capital to its market valuation. Only Tron and Ethereum came slightly closer to EOS gains…