Month: July 2019

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

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

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…

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

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

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

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

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

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

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…

Price Analysis 26/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

boss

A few altcoins are showing first signs of a turnaround. Can the recovery last or will it fizzle out at higher levels? 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. A new study by digital asset management fund Grayscale Investments shows that 83% of American investors are likely to invest in Bitcoin.…

MIT Fellow and NYU Math Professor Says Libra Copied Off Co-Authored Paper

boss

Alexander Lipton, a connection science fellow at the Massachusetts Institute of Technology (MIT) and adjunct professor of mathematics at New York University (NYU), has claimed that Libra’s white paper copied concepts for a coin proposed in his academic work.  Lipton co-authored the paper “Digital trade coin: towards a more stable digital currency” in 2018. In a July 26 interview with CoinDesk, Lipton said: “Without being particularly obnoxious, I can tell you that the actual structure of Libra is pretty much lifted verbatim from the paper which Sandy Pentland and Thomas…