Month: July 2019

Ripple Price (XRP) Showing Positive Signs, Bitcoin Up 3%

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Ripple price is forming a solid support above the $0.3050 level against the US dollar. The price is currently climbing higher and it recently tested the $0.3220 resistance area. There is a connecting bullish trend line forming with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains well supported on dips above $0.3100 and it could continue to rise above $0.3200. Ripple price is showing positive signs above $0.3140 against the US Dollar, and bitcoin gained around 3%. XRP price might…

Ethereum Price (ETH) Signaling Fresh Increase Above $215 & $220

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ETH price remained well bid above the $205 support and recently climbed higher against the US Dollar. The price tested the $215 resistance and it is currently correcting gains. There was a break above a major bearish trend line with resistance near $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher above the $215 and $220 resistance levels in the near term. Ethereum price is showing positive signs above $205 versus the US Dollar, and bitcoin recovered above $9,700. ETH price…

Tezos Rallies Following Coinbase Announcement, Major Tokens Up Slightly

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Tuesday, July 30 — Top cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and XRP are all trading slightly up at press time. Market visualization. Source: Coin360 Bitcoin has been trading between $9,000 and $10,000 this week, and was showing little action on the day. At press time the coin i sup 2.37% to trade at $9,652. Squawk Box co-host Joe Kernen predicted on July 29 that Bitcoin could hit $55,000 by the next halving of its mining rewards, which is projected to occur in May 2020. Bitcoin 7-day price chart. Source: Coin360…

Coinbase VP of Engineering Tim Wagner Steps Down

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Tim Wagner, the vice president of engineering at major cryptocurrency platform Coinbase, is reportedly leaving the company. Wagner will purportedly leave Coinbase within the next two weeks, according to a report by CoinDesk on July 30. An unnamed spokesperson for the company is said to have confirmed Wagner’s departure with the news outlet. At press time, Tim Wagner is currently still listed as VP Engineering at Coinbase on LinkedIn profile. Previous roles at Microsoft and Amazon As previously reported by Cointelegraph, Coinbase initially hired Wagner last August. Wagner previously worked…

Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban

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Nasscom, a major Indain trade organization, has said that it is against a blanket ban on cryptocurrencies, which was recently proposed by a governmental panel in the country According to a report by local financial periodical The Economic Times on July 30, Nasscom commented: “Nasscom believes that the recent proposal of the inter-ministerial committee of the government to ban all cryptocurrencies barring those that are backed by the government, is not the most constructive measure. […] Instead, the government should work towards developing a risk-based framework to regulate and monitor…

Bitcoin Forks: Cheap Fees and High Throughput May Centralize Networks and Disincentivize Miners

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CoinMetrics has released a detailed report about Bitcoin and it’s forks, covering a number of topics from the elimination of OP_RETURN in BSV, to the time taken to rewrite the blocks on a network. In particular, a section highlighting the key fundamental flaws in Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) offers interesting insights into network economics, July 29, 2019. Trading Decentralization for Usability? Essentially, BCH and BSV have both chosen to scale on their layer one rather than using a network built on the main chain like Lightning.…

Coinbase Pro to Begin Supporting Tezos Trading in August

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Major cryptocurrency platform Coinbase is onboarding the cryptocurrency Tezos (XTZ) to its professional trading platform, Coinbase Pro.  As per an official announcement, Coinbase Pro will open up inbound XTZ transfers on August 5. As the company has done in the past, Coinbase Pro will ramp up to full XTZ trading in four steps: (1) transfer-only, (2) post-only, (3) limit-only, and finally (4) full trading. Additionally, the exchange will document the on-boarding steps on Twitter. All jurisdictions are stated to receive immediate support for the new offering, with the exception of…

Seagate Moving Forward with Blockchain Pilot to Track Hard Drives

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American tech giant Seagate has entered the pilot stage of its blockchain project designed to fight counterfeit hard disk drives (HDD), Forbes reported on July 30. This pilot is a part of the joint initiative Seagate and IBM launched last November. The project aims to help manufacturers, integrators and business partners to better authenticate the provenance of HDDs by using IBM’s Blockchain Platform. According to Seagate’s data security research group managing technologist Manuel Offenberg, in the pilot IBM “is both the customer of these drives, as well as the technology…

US Awards Patent for Blockchain-Based Firearm Data Recording System

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Two American inventors have won a patent for a blockchain-based recording system for ballistic data.  The United States Patent and Trademark Office awarded two inventors — Jason Palazzolo and Kevin Barnes — a patent for a “firearm environmental recording apparatus and system” on July 23. This apparently could include multiple recording devices, including a camera, microphone, and spatial sensor module that can record velocity, spatial measurements and acceleration data.  The filing states that a blockchain database or network could be used to store or be associated with any of the…

Samsung Galaxy S10 Integrates Pundi X’s Digital Currency Wallet

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Smartphones manufacturer Samsung and cryptocurrency payments startup Pundi X’s new cooperation will allow users to integrate the XWallet app to their Samsung Blockchain Wallet. In a blog post published on July 29, Pundi X revealed that it has integrated its cryptocurrency wallet solution into the Samsung’s blockchain ecosystem, thus marking growing adoption of blockchain technology. The post reads: “Samsung Galaxy S10 users can move cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet, which they can then use as a checking account for instant crypto transaction with Pundi X’s…