Day: September 26, 2019

PARSIQ Announces Availability on Algorand to Improve Blockchain Transparency

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PARSIQ, a blockchain monitoring system, has partnered with Algorand, a recently launched blockchain platform, to help improve the transparency of blockchain technology. PARSIQ will be immediately available to use for all businesses on the Algorand blockchain, making analysis easier and data more transparent than ever before. advertisement “PARSIQ’s enhanced blockchain compliance and reporting capabilities are the perfect addition to the growing suite of tools available to the Algorand community,” said Algorand CEO, Steve Kokinos. “Businesses on the Algorand blockchain will now be able to benefit from improved monitoring and analysis…

10,000 Nodes Are Running BTC Lightning Network in New All-Time High

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The number of Bitcoin (BTC) Lightning Network (LN) nodes has reached 10,000 for the first time, according to real-time LN statistics site 1ML. According to 1ML, the number of nodes on the LN has grown by 3.17% over the past 30 days to reach a record high of 10,003 network nodes at press time. At the same time, the number of nodes with active channels is 5,975 out of total of 36,246 channels at press time, with just a 0.34% growth over the past month.  The LN is a second-layer…

Blockchain Mining Project Pi Network Nears 500,000 Mobile App Miners – Reaching First Halving

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Pi Network, a rapidly rising star in the blockchain world is close to reaching its first halving – to take place when half a million users are registered (currently at 450,000+).  advertisement The project’s mission is bold – to build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency. And create a smart contract protocol that is secured and operated by everyday people, not a concentration of whale miners like Bitcoin. The Pi team have worked hard to build a platform that addresses many…

Blockchain Mining Project Pi Network Nears 500,000 Mobile App Miners – Reaching First Halving

boss

Pi Network, a rapidly rising star in the blockchain world is close to reaching its first halving – to take place when half a million users are registered (currently at 450,000+).  advertisement The project’s mission is bold – to build the world’s most inclusive peer-to-peer marketplace, fueled by Pi, the world’s most widely used cryptocurrency. And create a smart contract protocol that is secured and operated by everyday people, not a concentration of whale miners like Bitcoin. The Pi team have worked hard to build a platform that addresses many…

European Central Bank’s Board Member Explains Why Facebook Libra Is Feared

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While addressing the committee on Digital Agenda of the Deutscher Bundestag, the chairman of the Committee on Payments and Markets Infrastructures (CPMI) and the European Central Bank (ECB) board member, Benoit Coeure, took the time to give an in-depth explanation on the challenges facing our age-long financial market, how digital currencies such as Facebook Libra promise to solve these problems, and why stablecoins should be dreaded. Kicking off his speech with a little back story on our traditional financial world, the chairman of CPMI who also doubles as a member…

Bitcoin Price Fails to Hold Recovery Signs to Drop Below $7.9K

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Thursday, Sept. 26 — Bitcoin (BTC) has dipped below $7,800 after the coin touched its four-month lows on Sept. 24. Market visualization. Source: Coin360 Lowest levels since spring Bitcoin entered rough volatility this week after the largest cryptocurrency crashed $1,500 in 24 hours on Tuesday to touch the $8,000 threshold. After seeing signs of recovery earlier today, Bitcoin has seen another sharp sell-off, from an intraday high of around $8,600 to as low as $7,830 at press time, according to Coin360. Bitcoin is down 5.3% over the past 24 hours…

What’s the Correlation to Crypto?

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In 2018, the executive on the board for the European Central Bank (ECB) declared Bitcoin, “the evil spawn of the financial crisis” — referring, of course, to the economic disaster 10 years prior. Interestingly, also born from the ashes of the mortgage crisis was the United States government’s adoption and unabated use of quantitative easing (QE). However, according to some, there’s more of a connection between Bitcoin (BTC) and the government’s use of QE than just their origins. A recent tweet from BitMEX CEO Arthur Hayes highlighted this supposed correlation:…

Overstock’s VC Arm Puts $2M Into Blockchain-Based ID Systems Startup

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Overstock’s venture capital arm Medici Ventures has made a $2 million investment into Salt Lake City-based Evernym, a startup that develops blockchain-based self-sovereign identity networks. Per a Sept. 26 press release, Medici invested $2 million into Evernym through participation in the company’s Simple Agreement for Future Equity (SAFE), closed on September 4, 2019. This allows Medici to convert its share in the SAFE to preferred stock in Evernym’s future priced round of equity financing. Development of digital credentials Evernym is planning to allocate the money for further development of its…

IVHIMPROM – Russia’s Oldest Chemical Producer With Leading Market Capitalization Launches Pilot Project With Credits Blockchain Platform

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On September 20, the Credits blockchain platform project and one of the oldest Russian enterprises in the chemical industry, JSC IVHIMPROM, entered into a partnership agreement and announced the launch of a pilot project on the automation of the management of supply and product sales. The process of tracking the supply chain of raw materials and finished products are to be implemented using the software solutions of the Credits public blockchain platform. The solution agreed upon by Credits and IVHIMPROM will allow for providing substantial control and automation of the…

IVHIMPROM – Russia’s Oldest Chemical Producer With Leading Market Capitalization Launches Pilot Project With Credits Blockchain Platform

boss

On September 20, the Credits blockchain platform project and one of the oldest Russian enterprises in the chemical industry, JSC IVHIMPROM, entered into a partnership agreement and announced the launch of a pilot project on the automation of the management of supply and product sales. The process of tracking the supply chain of raw materials and finished products are to be implemented using the software solutions of the Credits public blockchain platform. The solution agreed upon by Credits and IVHIMPROM will allow for providing substantial control and automation of the…