Day: November 18, 2019

Visa Works on Blockchain System for Joint Computation of Large-Scale Private Data

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International payment network Visa is working on a blockchain-based system for joint policy-compliant computation of large-scale private data. Visa Research — the research and development arm of Visa that focuses on data analytics, security and payment innovation — released a paper describing a blockchain-powered system for policy-compliant computing. The system is dubbed LucidiTEE, where TEE stands for trusted execution environments. Joint processing of large data sets with higher transparency The system is aimed at building applications that process large data sets and are intended for serving a large number of…

Bitcoin (BTC) Diving, Can Bulls Protect $8.2K Support?

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Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar. The price is currently correcting, but upsides are likely to be capped by $8,500. Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still holding the $180 support area and ripple is trading in a range above $0.2520. Bitcoin price is showing signs of more losses below $8,500 against the US Dollar. BTC could drop towards $8,200 before a…

George Bush’s Brother Got $300K for Meeting With OneCoin’s ‘Cryptoqueen’

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Neil Bush is alleged to have received $300,000 to attend a meeting involving OneCoin co-founder and current fugitive Ruja Ignatova, known as the “Cryptoqueen.” As Law360 reported on Nov. 15, testimony in a U.S. District Court for the Southern District of New York contained allegations against Neil Bush, brother of former President George W. Bush and son of the late President George H.W. Bush. Sibling entanglements As Cointelegraph has reported, OneCoin is among the crypto industry’s most infamous alleged exit scams. Founded in 2014, the Bulgaria-based firm remains fully operational…

Visa’s Rolls Out New Blockchain LucidiTEE – Tackles Concerns related to misuse of sensitive user data, when shared with third-parties.

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Visa’s Rolls Out New Blockchain LucidiTEE – Tackles Concerns related to misuse of sensitive user data, when shared with third-parties.

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Visa’s LucidiTEE claims to be the first system to enable multiple parties to jointly compute on large-scale private data while guaranteeing policy-compliance even when the input providers are offline and allows fairness to all output recipients. The project, from the research arm of Visa –  aims to take on growing concerns related to misuse of sensitive user data when shared with third-parties.  advertisement It is a system they claim provides transparency and control to users by:  Enforcing agreed-upon policies on what functions can be evaluated over private data (even when…

Financial Crimes Enforcement Network Head: Crypto Exchanges Must Verify Identities

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In a conference hosted by the blockchain analysis company Chainalysis, the Director of Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco stated that the U.S government will be observing a strict implementation of the “Travel Rule.” According to the “travel rule,” any entity engaging in cryptocurrency exchange is required to share their customer’s identity, beneficiaries and identity of the original parties if the exchanged amount is $3,000 or higher. These entities can range from wallet service providers to digital asset exchanges. The decision was long pending and is not a shocking…

EOS is poised for Bull Run But What’s Preventing a Breakout: Factors & Trends

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EOS is slightly recovering as bulls seem to be back in the game The short-term correction is keeping EOS on suspense for a major bullish move Over the past few days, EOS has seen relatively strong growth of about 23% after establishing a mid-year low at around $2.4 on September 25. Recently, the price of EOS stalled around $3.5, currently the monthly high. The cryptocurrency has increased by 2.37%, now trading at the $3.47 price level. The 7th largest cryptocurrency in the global market is likely to recover above key…

Bitcoin, Ether, and XRP Weekly Market Update November 18, 2019

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The total crypto market cap lost $5.7 billion of its value during the last seven days which now at time of writing stands at $234.5 billion. The top 10 currencies are all in the red for the same time frame with Bitcoin Cash (BCH) and Stellar (XLM) being the worst performers, each losing 10 and 9.8 percent respectively. At the time of writing bitcoin (BTC) is trading at $8,468 while ether (ETH) stands around $183. Ripple’s XRP is trading at $0.259. BTC/USD Bitcoin climbed above the $9,000 mark on Sunday,…

Opera-Backed Fintech OPay Seals $120M Investment to Grow Across Africa

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Lagos-headquartered fintech Opay has sealed $120 million in a series B financing round from a host of high-profile Chinese investors. Founded in 2018 by web browser developer Opera, OPay — which focuses on developing digital payments solutions to promote financial inclusion — had previously raised $50 million in June of this year, according to what Opera’s spokesperson told Cointelegraph.  Opay to extend payments solution across Africa According to a Nov. 18 report from TechCrunch, Opera’s OPay reportedly intends to use the new Series B $120 million round to scale and…