Day: August 22, 2019

Blockchain Energy Startup Power Ledger Extends P2P Power Trading Trial

boss

Energy-focused blockchain startup Power Ledger has extended its peer-to-peer (P2P) energy trading trial into its next phase in the Australian city of Fremantle. In a press release shared with Cointelegraph on Aug. 21, Power Ledger revealed the continuation of its p2p solar power trading trial aimed at tracking rooftop solar energy traded between households in Fremantle. The households participating in the project can set their own energy prices in the market. ‘50,000 transactions per month’ The testing — which is a collaborative effort between Power Ledger, Curtin University, energy generating…

As Coordinated Sell-Offs Strike Altcoins, How Do Exchanges Respond?

boss

Cryptocurrency liquidity has long been a thorny issue for enthusiasts and evangelists. Although they eagerly promote the ecosystem and tout blockchain’s benefits, the elephant in the room that most enthusiasts willingly ignore is the challenging liquidity conditions that impact cryptocurrency markets’ orderly flow. The enormous volatility witnessed across the cryptosphere has been a staple of the industry since Bitcoin trading began. Intraday moves exceeding 10% are not uncommon or unheard of, and even steeper inclines and declines have dotted the trading landscape fairly regularly over the years.  Still, the market itself has been…

Litecoin Dumped Over 50 Percent but a Bounce Is in Sight

boss

The halving was supposed to be Litecoin’s bullish catalyst; it failed to live up to the hype. However, analysis of the chart shows potential. | Source: Shutterstock By CCN Markets: Litecoin’s price action has been less than stellar as of late. After posting a 2019 high of $146 on June 21, the cryptocurrency succumbed to heavy selling pressure. Today, August 22, Litecoin dropped to as low as $70 for a plunge of over 50 percent in two months. The halving, which was supposed to be the coin’s bullish catalyst, failed…

Ukrainian Authorities Arrest Bitcoin Miners at Nuclear Energy Plant 

boss

Security Service of Ukraine (SBU), the nation’s primary law enforcement authority, has arrested several individuals for illegally mining bitcoin (BTC) and altcoins at the state’s nuclear power plant (NPP), reports RT  on August 22, 2019. SBU Arrest Bitcoin Miners  Per sources close to the matter, Ukraine’s SBU has nabbed some insiders conducting illegal bitcoin mining operations at the South Ukraine Nuclear Power Plant, an activity the agency claims has exposed the top security plans of the NPP. Reportedly, the miners installed several bitcoin mining equipments at one of the administrative blocks of…

Japanese Crypto Exchange Coincheck Is Considering Launching an IEO

boss

Major Japanese crypto exchange Coincheck is considering launching an initial exchange offering (IEO) platform for raising funds through utility tokens. The platform Acquired by Japanese financial services firm Monex Group in April 2018, Coincheck hinted at its plans to establish an IEO business in a recent public announcement, Cointelegraph Japan reported on Aug. 22.  According to the report, Coincheck has started investigating fundraising opportunities based on utility tokens, claiming that IEOs are gaining more global attention and ensures more reliability as a method of securing funds.  In a public statement,…

Blockchain for Art: DLT Makes Inroads into the Art Industry

boss

Art is no longer a medium of expression of ideas, thoughts, feelings or portraying the injustice and inequality. It has transformed into a medium of investment. The right artwork associated with the right artist can be a fortune by itself. Now, with the artworks gaining so much value in the market, greed gets few people to find different ways by which they can make use of this unusual financial instrument and make the most money. This is where the problems of counterfeiting, frauds, smuggling, etc. arise, which is hard to…

Crypto Advocate Patrick Byrne Resigns as CEO of Overstock

boss

Noted crypto advocate Patrick Byrne resigns as CEO of Overstock. Per a letter of resignation and company statement posted on Twitter Aug. 22, Patrick Byrn will be stepping down as CEO of Overstock. Having led crypto-friendly e-commerce at the company, including the launch of tZero, Overstock’s crypto token platform, and Overstock’s acceptance of Bitcoin payment, Byrne’s announcement follows the announcement of disappointing Q1 earnings for 2019. More directly, Byrne cited the recent announcement of his controversial relationship with Maria Butina as the impetus for cutting ties with Overstock.  In his…

Andrew Yang’s Blockchain Voting Scheme Is Unbelievably Dumb

boss

Andrew Yang wants to mandate blockchain-secured smartphone voting. That’s an unbelievably dumb idea from the 2020 presidential candidate. | Source: Chip Somodevilla / Getty Images / AFP By CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in 2024, you’ll do it on a smartphone. And that the vote will be recorded on a blockchain. According to the 2020 presidential hopeful’s website, Yang believes that his “Modernize Voting” policy will increase voter participation and reduce “tampering” and “hacking.”…

Andrew Yang’s Blockchain Voting Scheme Is Unbelievably Dumb

boss

Andrew Yang wants to mandate blockchain-secured smartphone voting. That’s an unbelievably dumb idea from the 2020 presidential candidate. | Source: Chip Somodevilla / Getty Images / AFP By CCN Markets: Andrew Yang wants your vote. And if he gets it, he promises that when you vote for him again in 2024, you’ll do it on a smartphone. And that the vote will be recorded on a blockchain. According to the 2020 presidential hopeful’s website, Yang believes that his “Modernize Voting” policy will increase voter participation and reduce “tampering” and “hacking.”…

New York Pursues Tether Case – What’s It All About?

boss

New York Pursues Tether Case – What’s It All About? August 22, 2019 by Jeff Fawkes Cryptocurrency exchange Bitfinex and partner company iFinex are famous for creating allegedly suspicious assets like Tether, and have had some trouble fulfilling reporting and auditing promises over the years. Now New York Attorney General Letitia James has said she will unveil information that promises to shed light onto how Bitfinex and Tether operate and mint new coins. Also read: Bitcoin Price Hovering Round $10K, But Could Rally Again Subscribe to the Bitsonline YouTube channel for great videos…