Back in 2019, Bitcoin had been in the middle of a massive rally at the beginning of the year, and it seems that there might a repeat this year. In a new development that should come as a major boost to BTC investors, the cryptocurrency surged past $9,000 a token. It is believed that the main trigger behind the rally lies in the latest statement from Twitter’s Jack Dorsey. Key Triggers Dorsey, who is also the Chief Executive Officer of the payments company Square, stated that he is going to…
Month: January 2020
IBM Secures Patent for ‘Self-Aware Token’ to Record Events of Offline Transactions
Tech giant IBM has been awarded a patent for the development of a “self-aware token” designed to record events of an offline transaction. A patent document filed with the United States Patent and Trademark Office describes a system, which relates to financial data processing in an electronic currency platform, as well as to processing e-commerce tokens, which have involved offline transactions. To track and record events of offline transactions, the system incorporates a so-called “self-aware token.” Tracking and validating offline transactions The document further draws a link between the system…
This Key Market’s Upsurge Shows How Fragile The Dow Jones Really Is
The Dow Jones Industrial Average (DJIA) opened in positive territory this Tuesday after plunging by 2.38 percent in the last two daily sessions. The index bounced by 0.54 percent, or 153.4 points, shortly after the opening bell, its gains led by tech stocks. Apple and Intel both registered early-morning profits after rising 1.4 and 1.3 percent, respectively. 3M (MMM) plunged 4.1 percent after posting weaken-than-expected four-quarter data and revealing details of a restructural plan that would sack 1,500 employees. Dow also held back profits due to weaker performance of other…
This Key Market’s Upsurge Shows How Fragile The Dow Jones Really Is
The Dow Jones Industrial Average (DJIA) opened in positive territory this Tuesday after plunging by 2.38 percent in the last two daily sessions. The index bounced by 0.54 percent, or 153.4 points, shortly after the opening bell, its gains led by tech stocks. Apple and Intel both registered early-morning profits after rising 1.4 and 1.3 percent, respectively. 3M (MMM) plunged 4.1 percent after posting weaken-than-expected four-quarter data and revealing details of a restructural plan that would sack 1,500 employees. Dow also held back profits due to weaker performance of other…
Uphold Introduces Commission-Free Trading for Users
Trading platform Uphold is now offering commission-free cryptocurrency trading, the company announced Tuesday. Following in the footsteps of companies like Schwab and TD Ameritrade that have made trading free of commissions for customers in the traditional markets. Uphold CEO JP Thieriot said the move was based on Uphold’s ability to net trades at a lower cost after gaining more liquidity providers. “In the old paradigm you charged a spread and a fee,” he said. “Now, the fee part has gone away, there’s a spread on anything that’s traded. We’ve gotten…
MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020
Bitcoin rallied to near $9,150 as stocks dropped over Coronavirus fears, plus IBM’s new “Self-Aware Token” approach. Source
Roger Ver’s Mining Pool Pulls Support for Bitcoin Cash Dev Fund Over Chain Split Threat
Mining pool Bitcoin.com will not now support the controversial bitcoin cash development fund proposal without broader agreement from the community. In a blog post published earlier on Tuesday, Bitcoin.com said it would no longer back the existing plan for a dev fund unveiled last week by the CEO of mining pool BTC.TOP, Jiang Zhuoer. “Bitcoin.com will not risk a chain split or a change to the underlying economics,” reads the Bitcoin.com blog post. “Any proposal will need to have as many people of economic weight on-board as possible, including businesses,…
Roger Ver’s Mining Pool Pulls Support for Bitcoin Cash Dev Fund Over Chain Split Threat
Mining pool Bitcoin.com will not now support the controversial bitcoin cash development fund proposal without broader agreement from the community. In a blog post published earlier on Tuesday, Bitcoin.com said it would no longer back the existing plan for a dev fund unveiled last week by the CEO of mining pool BTC.TOP, Jiang Zhuoer. “Bitcoin.com will not risk a chain split or a change to the underlying economics,” reads the Bitcoin.com blog post. “Any proposal will need to have as many people of economic weight on-board as possible, including businesses,…
Global Commodities Blockchain Trading Platform VAKT Backed For $5m From Saudi Aramco Energy Ventures
Global commodities Blockchain trading company VAKT has been backed by Saudi Aramco Energy Ventures (SAEV) with a $5m investment in new shares and Aramco Trading Company as a future platform user. Richard James, VAKT CFO, commented: “It is a proud moment to be able to count SAEV as one of our shareholders. This company – part of the most profitable business in the world – has a strong track record of investing in industry innovation. We were not proactively seeking further investors; however, we could not miss the chance to bring…
Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client
The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way to ensure access to the Status app on all smartphones, its scope was later expanded into a public good for Ethereum. As Jacek Sieka, Head of Research at Nimbus, told Cointelegraph: “The R&D performed…