U.S. Federal Judge Rules in Favor Bitcoin IRA in Case Against Kingdom Trust

A United States federal judge has ordered asset custodian Kingdom Trust to fully restore data access to all affected clients following the unilateral termination of customers’ access to their own account information on Bitcoin IRA’s website. Filed on Nov. 12, a court document reveals that South Dakota District Court Federal Judge Karen E. Schreier ruled in favor of Bitcoin IRA in the case against Kingdom Trust, where the latter allegedly breached a referral agreement by terminating customers’ access to their account data on Bitcoin IRA’s platform without providing prior notice.…

Indian Parliament Will Not Consider Total Crypto Ban in Winter Session

The Indian government will not be considering a cryptocurrency-related draft bill during the winter session of Parliament as was previously planned. The draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies” is not included in the session agenda issued in India’s lower house of parliament, Lok Sabha, on Nov. 14. In August 2019, the Indian government stated that the draft bill would be introduced in Parliament in the winter session, which takes place between Nov. 18 and Dec. 13. The proposed bill suggests a complete ban on…

Will Blockchain survive Google’s quantum supremacy threat?

Just last month, Google dropped some “quantum” bombs that took the whole digital world by storm. The company published a paper in the prestigious scientific journal Nature confirming its ‘Quantum Supremacy’ breakthrough. If the claims have ample substance, it can have significant implications in the long run, with a substantial leap in computing power empowering huge advances in almost every sector known to humankind. What is Quantum Computing? Even though conventional computers can do many amazing things but in simple, unsophisticated words, it’s just a calculator that uses a sequence…

Bitcoin Cash Upgrade Complete: 2 New Protocol Changes Added

The Bitcoin Cash network has successfully upgraded the latest ruleset changes to the protocol. The BCH blockchain now features the enforcement of minimal pushdata in script which will make a majority of BCH network transactions non-malleable. Moreover, as an extension to last May’s Schnorr upgrade, the opcode OP_Checkmultisig(verify) will now feature Schnorr signature support. Also Read: QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices Bitcoin Cash Successfully Removes the Final BIP62 Malleability Vector and Extends Schnorr Signatures Every six months the Bitcoin Cash (BCH) network upgrades in…

Department of Homeland Security Awards $200K to Develop Blockchain Security Tech

The United States Department of Homeland Security (DHS) has awarded Virginia-based Digital Bazaar $199,984 to develop its blockchain security technology, according to a press release, Nov. 14. The Department’s Science and Technology Directorate (S&T) made the Phase 1 award, as it explores blockchain and distributed ledger technology (DLT) solutions to fulfill common needs across DHS missions. Replacing paper-based systems Through U.S. Customs and Border Protection, the Transportation Security Administration, and U.S. Citizenship and Immigration Services, the DHS issues, validates and verifies licenses and certifications for travel, citizenship, immigration and employment…

Bitcoin (BTC) Recovering But Is This Real Correction?

Bitcoin price is currently correcting higher above the $8,600 resistance area against the US Dollar. The price is still facing a strong resistance near the $8,700 and $8,780 levels. Morning’s major declining channel is preventing gains near $8,705 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct further, but a clear break above $8,880 is needed for a convincing rise. Bitcoin price is showing signs of an upside correction above $8,600 against the US Dollar. However, BTC is still facing a lot of…

Carrefour, Nestlé Use IBM’s Blockchain Platform to Track Infant Formula

Retail giants Carrefour and Nestlé are now using IBM’s Food Trust blockchain platform to track the supply chain of milk-based formula for infants, according to a Nov. 14 announcement. By using the platform, the firms aim to advance consumer confidence in the products’ quality by ensuring more transparency of the entire supply chain of formulas produced by Laboratoires Guigoz. The system aims to improve supply chain transparency and conduct checks of infant nutrition products’ origins. Implementation of blockchain-based tracking systems by retail giants Both Carrefour and Nestlé are not new…

Fundstrat ‘s Tom Lee Sets $25k Price Target for Bitcoin Comparing It to FAANG Stocks

On 15 November, during an interview for CNBC journalists, Tom Lee gives price prediction to set some fire. Cryptocurrency will show its potential as a “network value asset”, according to Tom. He said Bitcoin is similar to FAANG stocks that represent the top companies of the U.S. economy: Facebook, Apple, Amazon, Netflix, and Google. By referring to the shares of the companies above, Tom inkles that cryptocurrencies are gaining their value from supportive crowds: “Cryptocurrencies are network value assets, meaning the more people hold the asset, the greater the value. It’s…