July 19, 2019

Energy Company E.ON Files Blockchain Patent for Data Analytics Device

July 19, 2019 boss

Energy network company E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office. E.ON announced the patent filing on the company’s website on July 19. As per the announcement, the device in question makes use of sensors to collect user data, which the user can then choose to sell as data analytics. According to the announcement, users supply data from smart home applications. E.ON claims that the customer has sole control over who accesses any given portion of their data. This includes E.ON itself,…

Bitcoin Approaches Second Inning as Bakkt Exchange Launch Nears

July 19, 2019 boss

Bakkt has been trumpeted as a future main driver of crypto institutional adoption and even the bull market. The bitcoin futures exchange boasts everything Wall Street firms are looking for – the promise of uncorrelated returns to the stock market plus the confidence of regulatory oversight. But in case you haven’t noticed, Bakkt hasn’t launched yet. This is about to change, increasing the chances that the 2019 bitcoin bull run has just gotten started. The Bakkt launch has taken longer than many in the crypto community expected, but the wheels…

Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin

July 19, 2019 boss

Born in 1899 in Vienna, Nobel Prize-winning economist F.A. Hayek is a legend of sorts in voluntaryist, libertarian, and crypto-economic circles. Freshly rediscovered video footage of the Austrian School philosopher and social theorist from 1984 is now making the rounds on crypto Twitter. In a stunning soundbite of an already well-known quote, Hayek declares that the only way to return to sound money is to take it out of the hands of government. He goes on to describe in spine-chillingly fortuitous fashion a money that requires no permission, and no…

Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin

July 19, 2019 boss

Bitcoin Dominance Growing — What It Could Mean for Altcoins

July 19, 2019 boss

Bitcoin (BTC) has more than tripled in 2019, moving from under $4,000 at the start of the year and then topping out at a little under $14,000 in June. In the earlier part of 2019, altcoins seemed to be performing strongly, with many calling the trend “altseason.” However, since Bitcoin began its 2019 charge starting with the “April Fool’s day rally,” most altcoins seem to be slipping when compared to the top-ranked cryptocurrency. There is now a growing debate about whether the altcoin market will experience the same massive price…

St. Louis Fed Chief Pessimistic on Crypto as Non-Uniform Currency

July 19, 2019 boss

St. Louis Fed Chief James Bullard reportedly views cryptocurrencies as part of a global currency competition that is ultimately unhealthy. Bullard presented his views at the Central Bank Research Association 2019 annual meeting in a talk entitled “Public and Private Currency Competition.” Presentation slides have subsequently appeared on the official Twitter account for The St. Louis Fed on July 19. In Bullard’s slides, he noted that there is historical precedent for certain key features of cryptocurrency. One of his bullet points reads: “Global currency competition is nothing new, nor is…

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

July 19, 2019 boss

A European Central Bank (ECB) official has stated that users should be aware of the risks associated with the stablecoins use, but not to be alarmed. As Reuters reported on July 18, member of the ECB’s governing council and president of the Deutsche Bundesbank, Jens Weidmann said that stablecoins — digital currency designed to minimize price volatility by being pegged to another asset — offer users opportunities for prosperity, however users should be vigilant in regards of the associated risks. Weidmann delivered his comments at a news conference at a…

Bitcoin Stabilizes at $10,500 After Fall to $9,100, What’s Next?

July 19, 2019 boss

Bitcoin Rallies Off Bottom, Should We Be Excited? As detailed by this outlet, Bitcoin (BTC) rallied hard off a local bottom of $9,100 just the other day. In fact, within the span of two hours, the crypto asset gained around 10%, moving higher in a move that even bulls didn’t expect. Despite this strong move higher, which caught many traders with their pants down — leading to a mass of liquidation events — one analyst notes that it may be too early to flip bullish once again. In a recent…

Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

July 19, 2019 boss

The quick pullback from the lows shows demand at lower levels. Is this a good point to enter or will the correction deepen? Let’s look at the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The bashing of Libra continues, with G7 finance ministers warning that if the project is not…

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

July 19, 2019 boss

Global oil operators can save at least 30% by using blockchain in their infrastructure, according to data by blockchain startup Data Gumbo. Andrew Bruce, CEO of American blockchain startup Data Gumbo, discussed blockchain-powered automated contract execution in the oil industry on Bloomberg Commodities Edge on July 19. When asked how much oil industry players can save by implementing blockchain applications such as blockchain-based contract execution instead of traditional paper contracts, Bruce argued that such solutions could save at least 30%, referring to internal studies by the company. According to Data…