Day: June 20, 2019

Atlantis Hard Fork for Ethereum Scheduled for September 17 Launch

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The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20. As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block number 8.75 million, which is predicted to run on September 15. However, since the 15th is a Sunday, ETC Labs moved to increase the block number in order to have the projected update during the…

Atlantis Hard Fork for Ethereum Classic Scheduled for September 17 Launch

boss

The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20. As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block number 8.75 million, which is predicted to run on September 15. However, since the 15th is a Sunday, ETC Labs moved to increase the block number in order to have the projected update during the…

Bitcoin Is now the 8th Largest Currency in the World

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Bitcoin has overtaken the Russian Ruble and the Korean Won to become the eighth largest currency in the world by monetary base.  Bitcoin Exceeds Korea’s Monetary Base According to a chart released June 18, 2019, from Crypto Voices, bitcoin is now the eighth largest currency in the world by monetary base surpassing Korea Won (data recorded in Q1 2019). The monetary base consists of only banknotes and coins in circulation, which take into account circulating money, money which is physically held in commercial deposits, and the reserves held by the central…

Amazon Squashes Crypto Rumors as Hype Surrounding Facebook’s Libra Grows

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In the past few months the world was shocked to hear that social media giant Facebook was entering the crypto markets with the release of their cryptocurrency dubbed Libra. Although Libra has been met with mixed opinions from both those within the crypto community and those outside of it, many analysts do believe it will ultimately help the markets. Additionally, the Libra hype also led to a significant amount of speculation about other major companies releasing similar crypto-themed products, but e-commerce giant Amazon is now squashing these rumors, boldly stating…

Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China

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Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20. According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards as well as monitoring driving behavior. The report includes a statement from Chief Innovation Officer at Wanxiang, Vincent Wang, who goes into more detail on such applications, saying: “Imagine a smart transit system that…

Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers

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The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 worth of Bitcoin (BTC) to regain access to data encrypted in a hacker attack, the New York Times reported on June 19. On May 29, the city experienced “a data security event” when a police department employee opened an allegedly infected email attachment, which eventually resulted in the online system breakdown. The hackers allegedly encrypted government records, blocking access to critical information and leaving the city without an ability to accept utility payments other than in person…

What Is Libra? Breaking Down Facebook’s New Digital Currency

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Facebook has been in the news quite often over the past few years — and usually for all the wrong reasons. The social media giant has been lambasted over its privacy practices, its seemingly anti-consumer stance and even an apparent investor revolt in which shareholders voted (albeit symbolically) to remove Mark Zuckerberg from the board of directors. However, the company’s most recent announcement that it is launching a digital currency appears to be finally turning the tide for Facebook. The new coin, dubbed Libra, is a stablecoin of sorts, though…

Bitcoin (BTC) Defying Gravity, Up 15% With Libra Tailwinds

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Bitcoin (BTC) surge, adds 15 percent Brian Kelly dismissive of Libra Libra is the key that opens the door for the masses. Hosting more than two billion users, Facebook is the catalyst, introducing the world to Bitcoin and cryptocurrencies. Even so, Brian Kelly says Libra is more of a digital fiat than a cryptocurrency. Bitcoin Price Analysis Fundamentals Facebook’s Libra white paper is live. Consequently, blockchain commentators are pouring over, dissecting content, trying to come up with a fitting conclusion on what Libra is truly is. For the neutrals, Libra…

Bitcoin Breaks $9,300 as US Stock Market Sees Minor Uptrend

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Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) passed the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about 2.5% on the day, trading around $9,358 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 12.7%. Bitcoin 7-day price chart. Source: Coin360 Yesterday news broke that the Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising.…

Bitcoin and Ether Market Update: June 20, 2019

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The total crypto market cap added $8 billion to its value since June 17, 2019, and moved up to $289.1 billion. The top ten coins are mostly in the green for the last 24 hours with some holding flat for the period. Binance Coin (BNB) and Cardano (ADA) are experiencing an insignificant decline in price. At the time of writing, bitcoin (BTC) is trading at $9,311 on the Bitstamp daily chart, while ether (ETH) stands at $269, and Ripple’s XRP hovers around $0.432. BTC/USD Bitcoin opened the new week with…