Day: December 3, 2019

Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,300

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Tuesday Dec. 3 — Most cryptocurrencies continue trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past few days. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,344, at which point the world’s largest crypto coin found an intra-day low of $7,230 before moving up again to the exact same trading price near $7,340. After a sluggish 24 hours, BTC is showing a gain of 0.5% for the day. Bitcoin daily price chart. Source: Coin360 Bears target BTC at…

South Korean Startup Claims to Have Solved Blockchain’s Speed Problem

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The South Korean-based firm Bloom Technology announced that they have created a new technology that is able to speed up transactions on the blockchain. On Dec. 3, United Press International reported that Bloom Technology’s CEO, Lee Sang-yoon, said that the company’s Lotus Chain technology has been able to reduce blockchain transaction processing times to fractions of a second.  One single blockchain transaction takes less than 0.23 seconds The company reportedly conducted a public test with 635 participating nodes to reveal the transaction speed of the Lotus Chain technology. The results…

New List Claims 1.9 Million Bitcoin Held by Centralized Exchanges

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Cryptocurrency enthusiasts have been discussing a newly developed exchange ranking developed by the crypto portfolio and trading bot startup Bituniverse. According to a leaked screenshot of Bituniverse’s “Exchange Transparent Balance Rank,” there’s roughly 1.9 million BTC held on centralized trading platforms. Bituniverse claims the full list of exchange balance ranks “will be disclosed on December 12.” Also Read: John McAfee Weighs in on Maximalism, Epstein’s Death, and ‘the Greatest Gift Since Fire’ There’s $13.9 Billion Worth of BTC Allegedly Stored on Global Exchanges Last year, on January 3, the community…

Blockchain to Save $450B in Supply Chain Costs in Western Europe

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The implementation of blockchain technology in supply chains could save businesses in Western Europe $450 billion in logistics-related costs. According to a new study from Cointelegraph Consulting and Swiss enterprise blockchain firm Insolar, blockchain technology can reduce supply chain-related costs for businesses between 0.4% and 0.8%. While that may sound like a small figure, the sheer volume of the sector means that this percentage translates into a potential hundreds of billions in savings. Furthermore, the report claims that the technology will pay for itself: “94% of supply chain leaders say…

Android Vulnerability Allows Hackers to Steal Crypto Wallet Info

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Promon security researchers have uncovered a vulnerability that could allow cybercriminals to access private data on any Android phone. 500 most popular apps are at risk On Dec. 2, the Norwegian app security firm Promon revealed the discovery of a dangerous Android vulnerability called StrandHogg, which has reportedly infected all versions of Android and has put the top 500 most popular apps at risk. Promon CTO Tom Lysemose Hansen commented: “We have tangible proof that attackers are exploiting StrandHogg in order to steal confidential information. The potential impact of this…

Cointelegraph Launches Consulting Division To Drive Enterprise Blockchain Adoption, Partners With Insolar and VeChain

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Cointelegraph, the leading publication for blockchain and cryptocurrency news, has announced the launch of its Cointelegraph Consulting division. The new business sector is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain technology and then matching them with enterprise blockchain vendors to implement solutions. According to Gartner, the business value added by blockchain will grow to more than $176 billion by 2025. This number is expected to exceed $3.1 trillion by 2030. While the growth of enterprise blockchain is on the rise, traditional consulting firms…

Key Indicator Shows Ripple (XRP) Price Could be on the Verge of a Rally

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The majority of the Ripple (XRP) holders were waiting for the yearly Swell conference to bring some excitement to XRP price. However, the price didn’t move at all and now Ripple is searching for annual lows on its USD pair.  Crypto market daily performance. Source: Coin360 The question is, was it reasonable for investors to expect a vast rally before the Swell conference or should they have not expected any upward movement at all? Let’s look at the charts to see what XRP price might do in the future.  Ripple…

China’s Great Firewall Blocks Popular ETH Block Browser Etherscan

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China’s Great Firewall, a tool used to ban Chinese citizens from using sites like Google and Facebook, has listed a major explorer for Ethereum’s (ETH) blockchain. According to data from non-profit monitoring organization GreatFire, China allegedly blocked one of the most popular ETH block browsers, Etherscan, in October 2019. As of Dec. 3, Etherscan’s domain remained inaccessible from IP addresses inside mainland China, as reported by crypto publication Coindesk on Dec. 3. Etherscan is aware of the block, firm’s CEO says While the Etherscan’s blockage was largely unnoticed, the firm’s…