Day: September 15, 2019

Two California Council Members Purchase Cannabis with Cryptocurrency

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In what was dubbed the first of its kind purchase, two California council members were seen buying marijuana from a local store with cryptocurrency. The council members, Berkeley City’s Ben Bartlett and Emeryville City’s Dianne Martinez, were spotted in a local cannabis shop in Ohana on September 11th, where they reportedly used a stablecoin (still unknown which one) to purchase a cannabis product. Although the exact product they bought is yet to be identified, one of the council members was seen holding up a CBD product used for treating chronic…

What Bitcoin’s Valuation Says About Its Volatility

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Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts, you can download our free report here. Most of us think we understand the term “volatility.” We digest headlines about tense political situations around the world; we are wary of explosive chemical compounds; some of…

Germany Against Facebook Libra Entering the European Market

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Recently, a report by Der Speigel magazine in Germany indicates that the German government is against giving approval to private stablecoin issuers such as Facebook and its digital currency Libra. The report cites a member of the current government, Thomas Heilman, who called for caution against these stablecoin issuers. He said that so far the economy of the region was in a great shape in monitoring inflation measures and countering any fiscal crises. But once a digital currency provider was allowed to monopolize the market, there will be no space…

Banco Santander Becomes the First Ever Bank to Issue a Blockchain-Backed Bond

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Banco Santander has announced that it has successfully issued a bond that is backed by end-to-end blockchain, and possibly revolutionizing the bond technology. The news was revealed on September 12th through a press release issued by the bank itself. As stated in the press release, the technology behind the bond consists of the Ethereum (ETH)trade blockchain. Since this is an open source technology, it ensures that the bond is tokenized and registered without facing any issues with the authorities. The cash that was required for the investment has also been…

Kaleido Blockchain Implements QEDIT’s Zero-Knowledge Proof Solution

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Enterprise blockchain startup Kaleido, a part of ConsenSys’s venture studio, became the first to implement crypto privacy firm QEDIT’s zero-knowledge proof solution. An optional feature QEDIT claims in a press release shared with Cointelegraph on Sept. 15 that this partnership with Kaleido will enable its private asset transfer feature as an off-the-shelf option for businesses using the platform. CEO and co-founder of QEDIT Jonathan Rouach added: “Kaleido has played a leading role in accelerating the deployment of enterprise blockchain technology by removing the need for companies to invest significant resources…

Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

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There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar. The price is holding the $10,000 support and it could bounce back in the near term. There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip in the short term before it starts a fresh increase above $10,500 in the near term. Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC…

Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

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The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say: “This release marks our first real step in engaging with the open-source community, as Aventus Classic will now be open to…