Day: June 10, 2019

CCN is Shutting Down after Google’s June 2019 Core Update

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Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

Microsoft to Add Blockchain Tools to Its Power Platform

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American technology giant Microsoft will reportedly make blockchain-based tools available to PowerApps and Microsoft Flow users, tech-focused news outlet GeekWire reported on June 10. Microsoft will purportedly announce its plans to add blockchain tools to its Power Platform during the Microsoft Business Applications Summit on Monday in Atlanta. Specifically, artificial intelligence (AI) and blockchain tools will be included in the company’s PowerApps custom application builder and PowerBI business intelligence tool. The Power Platform itself is a collection of tools —  Power BI, PowerApps and Microsoft Flow — designed for collaborative…

Overstock Subsidiary to Help Liberia Digitize Services, Boost Economy with Blockchain

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Overstock.com subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services, a news release announced on June 10. The pro bono pilot project will explore how Liberia can strengthen its economy through blockchain and enhance interoperability between government departments. As well as strengthen the country’s capacity to generate revenues, the release notes that such infrastructure could reduce corruption. During the project, local workers in Liberia will also be given technological trading to create sustainable jobs and ensure blockchain systems can be maintained once they…

Dubai Real Estate Department Signs MoU With Telecoms Firm to Implement Blockchain

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The Dubai Land Department (DLD) and telecoms firm Etisalat have signed a memorandum of understanding concerning real estate blockchain technology, United Arab Emirates-based outlet Gulf Today reported on June 10. The DLD works under the Executive Council of Dubai in real estate-related services, while Etisalat is a multinational, Emirati firm that serves 15 countries in the Middle East, Asia and Africa. Both parties have said they aim to implement smart government standards and introduce paperless management and digital contracts for property transactions. Sultan Butti Bin Mejren, DLD’s director general, said the agreement…

Despite Warnings of Analyst For Fall to $6,100, Bitcoin Surges Above $8k

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The bitcoin price has dropped by as much as 18 percent from its 2019 high of $9,090. And it could lose more value in the coming 20 days, according to an analysis provided by a cryptocurrency analyst. Mr. Teddy Cleps of Crypto Freak Network said on Monday that the bitcoin price historically contacted its 21-weekly exponential moving average (EMA) in every 70-to-90 days. On the 70th day since the last contact, bitcoin was trending almost a thousand dollar above the EMA in concern, which means the cryptocurrency has approximately 20…

Bitcoin Upsets Bearish Investors, Massive Head and Shoulders Still in Play

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In the early hours of the morning, Bitcoin exploded upward to $8,000 from a double-bottom local low set over the weekend around $7,500. The rally upset overly bearish crypto investors and traders who had been expecting further downside in the price of the first ever cryptocurrency. The brief, yet powerful green candle may have shocked bears, an ominous and massive head and shoulders has been forming on the price charts of Bitcoin and other leading crypto assets, suggesting that the bears may soon have their party, and the crypto market…

Ripple Launches Office in Brazil, Targets Further Expansion Across Latin America

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Ripple, the firm behind third-biggest crypto by market cap XRP, has launched a Brazilian office with the aim to expand across Latin America, Cointelegraph Brazil reports on June 10. According to the report, the official announcement will be made at CIAB Febraban, a major fintech and banking event that will place in São Paulo from June 11 to June 13. The new office will be reportedly led by Luiz Antonio Sacco, former CEO at the Brazilian subsidiary of The Warranty Group, a global warranty solution provider. Having joined Ripple in…

Bitcoin Recovers to Trade Above $8,000, Gold Market Reports Losses

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Monday, June 10 — The top 20 cryptocurrencies on CoinMarketCap are showing mixed signals, with bitcoin (BTC) back over the $8,000 price mark after seeing a dip under $7,900 on June 8. Market visualization from Coin360 As of press time, bitcoin is up 2.18% on the day to trade at around $8,029. The leading cryptocurrency started the day as low as $7,680, subsequently reaching the current price point. On its weekly chart, the coin has lost slightly over 8%. Bitcoin price analyst Oliver Isaacs said last week that the coin…

Russia May Build Offshore Destination for Cryptocurrencies, Exchanges and Forex

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Russia may build a large financial center on the island of Bolshoy Ussuriysky, according to a report by the state-run TASS news agency on June 8. Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets. Bolshoy Ussuriysky lies on the border between Russia and China, with western parts of the long-disputed territory transferred to Beijing following a 2004 agreement. Petukhov made his statements while speaking to TASS at the St. Petersburg International Economic Forum. Russia has already…

Cypherpunk Adam Back Speaks of Blockchain Benefits at G20 Meeting of Finance Ministers

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Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin (BTC), spoke about the positive uses of blockchain at G20. Cointelegraph Japan reported on Back’s comments at a meeting of finance ministers and central bank governors in Japan on June 8. Sitting next to the governor of the Dutch central bank, Back said he believed blockchain was another move to open networking — and said financial institutions stand to benefit from the technology because it would mean international transfers no longer need to go…