Day: October 25, 2019

WeChat Pay Using Blockchain to Track Payments, Says Binance CEO

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Binance CEO Changpeng Zhao (CZ) took to Twitter on Oct. 25, saying that he had “got word” that WeChat Pay puts receipts on the blockchain, along with a screengrab of a receipt with a link to a block explorer. Why does CZ care so much? Globally, companies in almost every industry are implementing blockchain solutions, so why should CZ feel the need to comment on this one? Perhaps it has something to do with a story from earlier this month, in which CZ announced the launch of payment on-ramps for…

Chinese President Xi Jinping Vows to Accelerate Blockchain Technology Innovation in China

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During the 18th collective study of the Political Bureau of the Central Committee, Chinese President Xi Jinping stated the importance of blockchain as a technological breakthrough and pushed for independent innovation of blockchain core technologies. The plan is for China to accelerate the development of blockchain technology, according to a Xinhua News Agency report from China.  advertisement Jinping, general secretary of the CPC Central Committee, emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation. “We must take the blockchain as…

World Economic Forum Teams up with Seven Mining, Metals Companies On Blockchain-Driven Supply Chain Solution

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The World Economic Forum has teamed up with seven leading mining and metals companies to experiment, design and deploy blockchain solutions that will accelerate responsible sourcing and sustainability practices. advertisement Leading mining and metals companies have joined forces to accelerate responsible sourcing of raw materials with the World Economic Forum. The Mining and Metals Blockchain Initiative will explore the building of a blockchain platform to address transparency, the track and tracing of materials, the reporting of carbon emissions or increasing efficiency. Antofagasta Minerals, Eurasian Resources Group Sàrl, Glencore, Klöckner &…

Bitcoin Price Returns to $7.6K as Markets Reaffirm New Support Levels

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Bitcoin (BTC) hit $7,600 on Oct. 25 after a spell of bullish upward action saw 2% gains occur in a matter of minutes.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin reaches local high close to $7,650 Data from Coin360 showed BTC/USD passing the $7,600 mark across major exchanges, going on to challenge $7,650 before correcting.  At press time on Friday, Bitcoin was fluctuating around the new levels, still down around 8% versus the beginning of the week.  Bitcoin seven-day price chart. Source: Coin360 The latest in a series of abrupt…

Bitcoin Ransomware Scare Shuts Down Johannesburg Online Processes

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Johannesburg, South Africa’s biggest city has been forced to temporarily shut down all its online operations including its website, e-services, and billing systems, as a precautionary measure against a bitcoin (BTC) ransomware attack allegedly orchestrated by a group called the “Shadow Kill Hackers,” reports News24 on October 25, 2019. Bitcoin Thieves Target Joburg  In a bid to minimize the effect of a security breach on its systems, Johannesburg authorities have announced the temporary closure of most of its online city processes. Per sources close to the matter, Johannesburg authorities detected…

You Can Buy a Fraction of Berkshire Stock or ‘Stack Sats’

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Jack Dorsey, CEO of Twitter and Square, announced that Square’s Cash App is poised to enable users to purchase fractions of stocks — with an entry of as little as $1. In a tweet posted on Oct. 24, Dorsey wrote: “Now anyone can buy $42 or even $1 worth of Berkshire Hathaway A ($BRK.A, or $TSLA or $SFIX or…) instantly and for free right in @CashApp. Really proud of the team for making buying stocks and building wealth accessible to more people. Rolling out now! @WarrenBuffett!” Unspoken ironies As CashApp’s…

Tesla Could Rise to $4000 per Share, Says Ark Investment Management CEO

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Ark Investment Management CEO Catherine Wood believes Thursday’s surge in Tesla stock is just the beginning of the rise. Ark Investment Management founder and CEO Catherine Wood commented that huge jump in Tesla’s stocks that began yesterday after the company released its earnings is just “the beginning of an eventual rise to $4,000 per share and possibly beyond.” And she might be right, because, even though the earnings were nothing special, they were still better-than-expected and at the stock ended yesterday trading with a rise of 17.67% to $299.68. However,…

Novogratz’s Galaxy Digital Schedule to Unveil 2 Bitcoin Funds in November

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On October 23, a severe crypto crash struck leaving Bitcoin hovering around the $7,500 level. Many of the investors said that they never thought this kind of buying opportunity would come again. Now, market leaders believe that the Bitcoin price may slide further before regaining its upward momentum. The fundamentals also have a lot to improve on and if the commentators are right, a further drop may happen before the end of the year. Notably, the latest Bitcoin drop has taken a huge toll on investor sentiments in the crypto…

Bakkt Poised to Launch Institutional-Grade Bitcoin Options Contract

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In a Medium post published on October 24, 2019, Intercontinental Exchange’s (ICE) institutional-grade digital asset trading platform Bakkt announced that it will launch the first regulated options contract for Bitcoin (BTC) Futures. Bakkt to Introduce Bitcoin Options Contract In a bid to bring more legitimacy and complexity to the space, Bakkt has announced that it will launch Bitcoin Options contracts that will track the benchmark Bakkt Monthly Bitcoin Futures contract. Scheduled to launch on December 6, 2019, the introduction of the Bakkt Bitcoin Options contract is yet another testimony to…

China’s President Xi Urges Accelerated Blockchain Technology Adoption

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China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24. Blockchain adoption promotes innovation Xi stressed that the implementation of integrated blockchain technologies is key in promoting technological innovation and transforming industries. He told the committee: “We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies,…