July 26, 2019

Lightning Network Dev Announces Alpha Version of Node Monitoring Tool

July 26, 2019 boss

The Lightning Network, a second-layer blockchain protocol designed to provide high-speed transactions for Bitcoin and other networks, has a new node monitoring tool. According to an official blog post, written by software developer Valentine Wallace on July 24, Lightning Labs has released an open source “drop-in, dockerized monitoring solution” for alpha testing called lndmon. One of the main goals of this new tool is to provide a way to prevent certain network issues before they manifest. According to the announcement, there were problems with the peer-to-peer network this year that…

Bitcoin’s Pummeling Ethereum – Here’s Why ETH Will Get Revenge – CCN Markets

July 26, 2019 boss

Bitcoin is absolutely clobbering ethereum, but multiple traders believe ETH is on the verge of a massive comeback. | Source: Shutterstock Ethereum, like most altcoins, has been clobbered by bitcoin in 2019, losing more than 39% against the flagship cryptocurrency. ETH recently broke below its historical support of 0.025 BTC and printed a fresh all-time low of 0.020138 BTC on Binance on July 16. With no support to keep its head above water, bears warn that the ethereum price could plunge indefinitely. Nevertheless, two contrarian crypto traders believe that ETH/BTC’s…

Bitcoin’s Pummeling Ethereum – Here’s Why ETH Will Get Revenge

July 26, 2019 boss

Ethereum, like most altcoins, has been clobbered by bitcoin in 2019, losing more than 39% against the flagship cryptocurrency. ETH recently broke below its historical support of 0.025 BTC and printed a fresh all-time low of 0.020138 BTC on Binance on July 16. With no support to keep its head above water, bears warn that the ethereum price could plunge indefinitely. Nevertheless, two contrarian crypto traders believe that ETH/BTC’s outlook is far from bleak. In fact, they predict that the ethereum price could be on the verge of a major…

Bitcoin’s Pummeling Ethereum – Here’s Why ETH Will Get Revenge

July 26, 2019 boss

Bill Miller Hedge Fund Surges 46% Thanks to Bitcoin, Amazon

July 26, 2019 boss

The hedge fund of famous investor Bill Miller saw 46% growth in the first half of 2019, reportedly in some part from investing in Bitcoin (BTC). Citing an investor document, Bloomberg reports on July 26 that Miller achieved such outstanding results by investing in Bitcoin among other high-performing stocks. Alongside Bitcoin, other investments in the Miller’s fund reportedly include Amazon, security system firm ADT, as well as Avon Products. The 69 year-old investor reportedly found success by following a similar investment strategy as he used during his three-decade run at…

Chinese Alcohol Wholesaler Testing Anti-Counterfeiting Blockchain Solution

July 26, 2019 boss

Oranco, a Chinese alcohol wholesaler and marketer that specializes in Fenjiu liquor and imported wines, is currently testing a blockchain solution to guarantee the authenticity of its products. According to a press release on July 26, Oranco subsidiary Fengyuang Huaxin Liquor Development partnered with the blockchain- focused company Guangzhou Silicon Technology (GSTC) almost one year ago. The two companies agreed to co-develop a solution for identifying Oranco’s beverages as genuine. The solution reportedly features proprietary anti-counterfeiting laser recognition, along with blockchain technology as a means to track and certify the…

Singapore-Based Blockchain Firm Perlin Acquires Blockchain Startup Dispatch Labs

July 26, 2019 boss

Singapore-based blockchain company Perlin has acquired blockchain development startup Dispatch Labs, Dispatch Labs CTO Zane Witherspoon told Cointelegraph on July 26. Perlin acquired Dispatch’s talent, provisional and non-provisional United States patents on Dispatch’s blockchain IP, and strategic business partnerships. Former Dispatch CTO Zane Witherspoon will now manage Perlin’s Developer Ecosystem. The company did not disclose the value of the transaction. The acquisition comes in the wake of the news in mid-June that Dispatch incurred considerable losses despite extensive investment and a recovering cryptocurrency market. Although Dispatch Labs received funding from…

Bakkt to Launch in Q3, Pending NY Financial Department Approval

July 26, 2019 boss

Bakkt, a Bitcoin (BTC) futures platform still in development, is purportedly closing in on a Q3 launch date. An anonymous source close to the company reportedly shared this information with blockchain and crypto news publication The Block, according to a report on July 26. However, The Block says it has received a copy of a slide-deck indicating that Bakkt still needs the New York Department of Financial Services (NYDFS) to approve its warehousing service — the company’s proposed cold storage solution for safely storing private keys. According to the report,…

SWIFT Vs. Ripple — The Importance of Speed in Cross-Border Payments

July 26, 2019 boss

The emergence of blockchain technology has undoubtedly altered the course of global digital payment development. With the likes of Ripple and Facebook’s Libra challenging the monopoly of banks and other financial institutions, mainstream players like SWIFT, Visa and Mastercard have been forced to seek significant improvements to the legacy system. Moving forward, the burning issue appears to be relevance. Blockchain systems run on the premise of replacing the legacy system with a more secure and efficient payment infrastructure. The mainstream players seem forced to face the quintessential evolutionary puzzle of…

Legendary Investor Outperforms Market by Banking on Bitcoin

July 26, 2019 boss

Bill Miller, CIO and Chairman at Legg Mason, has set his fund up for a 46 percent yearly gain with bets on Amazon, Avon, and Bitcoin. Miller has declared his fascination and belief in the genesis cryptocurrency but declined to comment on fund performance or specific assets. Many hedge funds are making small allocations to Bitcoin and cryptocurrencies, which has helped them outperform the S&P, as reported by Bloomberg, July 25, 2019. A Winning Strategy Bill Miller has once again gotten into his stride with top tier picks in his…