Day: October 29, 2019

Deloitte Integrates QEDIT’s Privacy Tech Into Its Blockchain Platform

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Big four auditing firm Deloitte integrated the privacy developed by cryptography startup QEDIT into its qualification information blockchain platform Eduscrypt, a press release shared with Cointelegraph on Oct. 29 reveals. Per the release, the announcement was made at the ZKProof Community Event in Amsterdam today. Another application of ZK-Proofs The event was dedicated to Zero Knowledge Proofs (ZK-Proofs), an advanced kind of cryptography — which QEDIT’s solution uses — that allows to verify data without actually revealing it. The platform that has been updated to enhance its privacy is Deloitte’s…

Cryptocurrencies Like Bitcoin are Not Real Money: German Parliament

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Cryptocurrencies such as Bitcoin (BTC) are not real money, according to a statement published by the German federal parliament on Oct. 28. Not a payment vehicle, not a store of value Per the announcement, the assets offered by the current cryptocurrency landscape — such as Bitcoin — provide only a very limited portion of the features expected of traditional money. The statement – titled “Crypto tokens are not real money” – is based on an answer provided by the German federal government to a question from the Free Democratic Party…

Government Official Expects To Mine 20% Of The World’s Bitcoin

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A Bitcoin mining company owned by Russia’s internet ombudsman is planning to open a new facility and corner 20% of the international market. Internet ombudsman targets BTC As local financial news outlet RBC reported on Oct. 29, Russian Mining Company (RMC) plans to repurpose a metal factory in the country’s northern province of Karelia.  Closed due to US sanctions in 2018, the ex-Rusal facility could soon host a Bitcoin (BTC) mining farm so large it could account for one-fifth of global output. “Our idea consists of converting the factory and…

Bitcoin Price Technical Analysis (Oct. 29): Trending Sideways After the Big Rally

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When looking at the chart below we see that Bitcoin(BTC)trade is currently trading at $9,357. It can also be observed that the largest cryptocurrency has recently broken the resistance of $8,650 with good volume, turning the sentiments positive. But after the uptrend, Bitcoin’s price seems to be entering the channel with resistance at $9,510 and support at $9,264, as the price might continue trending sideways for a short while. Currently the price is moving towards the support level, and long positions can be taken around the support with a proper…

Ripple (XRP) May Have Finally Bottomed: Trader Peter Brandt

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Ripple has been in a brutal downtrend for nearly two years. Trader Peter Brandt predicts that the cryptocurrency will bottom out as soon as it completes the diamond pattern. Other traders are bullish on XRP as the cryptocurrency posts a solid rally to take out the resistance level mentioned by Brandt. Ripple’s XRP has been in a downtrend for almost two years. The third-largest cryptocurrency posted an all-time high of $3.30 in January 2018. Since then, investors have experienced nothing but pain. To add insult to the injury, Ripple Labs…

FTX Launches Futures on Index of 8 China Cryptos Amid Xi Blockchain Pump

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Derivatives exchange FTX has launched an index of eight popular China-based cryptocurrencies. Announced in a tweet by the firm’s CEO Sam Bankman-Fried Tuesday, the Dragon Perpetual Futures Index (DRGN-PERP) tracks a basket of coins including BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET, based on a weighted average of their respective prices. FTX is also offering traders exposure to the coins in the form of perpetual futures contracts based on the index. Traders will be able to leverage these contracts up to 101 times, Bankman-Fried told CoinDesk. The exchange – which…

Chinese Bitcoin Miner Canaan Files For $400M IPO in the US

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Chinese Bitcoin Miner Canaan, Inc. has filed for a $400-million initial public offering (IPO) in the United States. The company is yet to disclose the number of shares and the price tag of the offering. In its filing with the U.S. Securities and Exchange Commission (SEC), the world’s second-largest Bitcoin mining hardware maker revealed plans to apply for listing its American depositary shares, or ADSs on the Nasdaq Global Market under the ticker symbol “CAN.” The company plans to use the net proceeds from the offering primarily for research and…

Mastercard to Pilot Blockchain-Powered Food System with Topco’s Food City

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In partnership with Envisible and Topco, the global payment giant Mastercard is ready to revolutionize our food systems by shining more light into a rather opaque industry with a new blockchain network. Deborah Barta, Mastercard’s senior vice president of innovation and startup engagement, commented about the new initiative: “The identity of things is becoming even more important as consumers raise demands for transparency. Our provenance solution leverages Mastercard’s established network capabilities, globally-scaled technology, and services, such as payments and counterfeit programs. This allows us to deliver trust, financial inclusion and…

Bitcoin Mining Behemoth Canaan Creative Moves Ahead with $400M U.S. IPO

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Canaan Creative, the world’s second-largest Bitcoin mining machine manufacturer after Bitmain, has filed for a $400 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). If all goes as planned, Canaan’s shares will be listed on the NASDAQ Stock Exchange with the ticker symbol CAN, this according to a South China Morning Post report, October 29, 2019. Canaan Creative Eyes U.S. Market After trying to launch its initial public offering in China and Hong Kong without much success, a highly reputed Bitcoin mining equipment maker,…

Worldwide Google Searches for ‘Bitcoin’ Hit 3-Month High

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Worldwide Google searches for “Bitcoin” (BTC) — currently worth $9,400 — are now near a three-month high, according to Google Trends. Current interest is at the highest level since early August, when BTC price was around $11,700. Africa leads in searches for “Bitcoin” Notably, three of the top five regions reporting the most searches for the keyword in question are located in Africa. The top five regions are Nigeria, South Africa, Austria, Ghana and Brazil. As reported earlier today, peer-to-peer cryptocurrency trading platform Paxful said its volumes grew 2,800% over…