Day: December 19, 2019

Thailand Integrates Blockchain to E-Visa System for Higher Security

boss

Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival (eVOA). Thailand’s new blockchain-powered eVOA system intends to speed up and protect the digital visa application process and will soon be available for five million visitors from 20 countries. eVOA operator partners with Australian travel firm for the blockchain-enabled service The upcoming eVOA feature is a joint effort of Australian travel company ShareRing and Gateway Services, an entity that owns the license to process eVOA for Thailand, according to a press…

Bitcoin Marks Biggest Daily Gain in 7 Weeks, And It Could End the Bear Market

boss

A sudden bounce back led bitcoin to register its biggest daily gain in seven weeks. Earlier this week, the cryptocurrency had fallen by up to 9.91 percent on Coinbase exchange. The latest push upwards flashes an interim bullish setup. Bitcoin on Wednesday surged by more than 10 percent to register its biggest daily gain since October 25. The leading cryptocurrency established an intraday high of $7,448.24 as of 2200 UTC. Notably, the move uphill came shortly after bitcoin had plunged to its seven-month low below $6,500. That largely negated bitcoin’s week-to-date…

Is Blockchain the Shot in the Arm Healthcare Needs?

boss

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Dr. Alex Cahana is head of healthcare and blockchain consulting at Genesis Block. At the end of 2018, while awakening from the Crypto Winter, a group of noted healthcare professionals led by Mayo Clinic’s John Halamka predicted that 2019 would be a pivotal year for blockchain in the healthcare industry. They said blockchain would become an essential part of consent management, improve remittances and enhance the…

Chinese Regulators Probe Fitness App Qubu for Illegal Crypto Fundraising

boss

The latest on the crypto scam list is a pyramid scheme organized by a Chinese fitness app called Qubu. The app promises its users some amount of its native tokens ‘Candy’ for completing daily exercises. All the user has to do is to walk 4,000 steps a day for 45 days and he/she is qualified for 15 Candy tokens. Sounds too good to be true, yes? Organized like an innovative blockchain idea, Qubu made its users believe that each task they complete helps in mining its native token Candy, which…

Coinbase CEO Armstrong Wins Patent for Tech Allowing Users To Email Bitcoin

boss

Coinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email, literally. The patent, granted on Tuesday and filed in March 2015, details a system for users to make cryptocurrency payments with email addresses linked to corresponding wallet addresses. The sender makes a request to send cryptocurrency to an email address, and the system automatically transmits the agreed amount – so long as they have the required balance – from the sender’s wallet to the wallet corresponding to the receiver’s…

Bitcoin Can Hit $250K in 2020, Reaffirms Tim Draper as Dominance Rises

boss

Bitcoin (BTC) passed $7,200 a second time on Dec. 19 as previous bearish moves gave way to a return to higher levels. Cryptocurrency market daily overview. Source: Coin360 BTC shows signs of a bullish comeback Data from Coin360 and Cointelegraph Markets showed BTC/USD holding ground recovered above the $7,000 mark late on Wednesday. At press time, the pair traded at around $7,100 after hitting highs of $7,345, marking 24-hour gains of almost 8%. Bitcoin 1-day price chart. Source: Coin360 With sentiment notoriously volatile this week, Bitcoin’s progress has provided a…

Bitcoin Eyeing Strong Bearish Reversal, Predicts Top Analyst

boss

Bitcoin is looking to undergo a strong price reversal to the upside, according to technical analyst Crypto Cred. The prominent crypto trader theorized his bullish sentiment based on a so-called “BTC Reversal Pattern Structure.” In a tweet published on Thursday, Cred showed bitcoin in three widely distanced yet identical price behaviors. Bitcoin S/R level formations as noted during Q1/2018 | Source: Crypto Cred In each setup, bitcoin formed a definite support/resistance range as shown in the chart above. First, the price broke below the support level (the blue line). It…

Monero Malware Botnet Lurks Behind Taylor Swift JPEGs

boss

Researchers have published a new report on what they deem to be a “relentless” crypto mining botnet that lurks behind seemingly innocuous content such as JPEG images of Taylor Swift. The botnet — best known as MyKings (alternatively as DarkCloud or Smominru) — has been active since 2016, according to a Dec. 18 news release from Gabor Szappanos at SophosLabs. While all “underpatched, low-hanging fruit” on the internet — to use Sophos’ phrasing — has long been vulnerable to its attacks, recently the actors behind MyKings have allegedly added bootkit…

Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market

boss

The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the total MKR supply. As MKR token holders, both investment funds will actively participate in the decentralized governance of the Maker Protocol. This will also support Maker’s efforts to increase adoption in Asia of Dai, its decentralized stablecoin built on the Ethereum blockchain. In addition, Maker will have direct access to both Dragonfly’s and Paradigm’s expertise…

France Approves First ICO – Bitcoin News

boss

The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has made its first initial coin offering (ICO) approval. While token sales remain legal as a fundraising option in France, only those that have been approved by the AMF may be marketed directly to the public. Also read: France Adopts New Crypto Regulation France’s First Approved ICO The AMF announced on Wednesday that it has approved the first public initial coin offering in the country. French Law No. 2019-486 of 22 May 2019, also referred to as the Action…