Day: February 14, 2020

IOHK Donates $500,000 to University of Wyoming’s Blockchain Lab

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IOHK, the software company behind Cardano, announced on Feb. 14 a donation of $500,000 in Cardano (ADA) to support and develop the University of Wyoming’s (UW) Blockchain Research and Development Lab. Professor James Caldwell, Assistant Professor Mike Borowczak and Philip Schlump will co-direct the Advanced Blockchain Research and Development Lab. Professor Borowczak told Cointelegprah that IOHK’s donation will be used to support faculty and graduate students in developing practical applications for real-world blockchain use cases. He said: “This funding is meant to directly stimulate and develop a highly qualified workforce…

IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt

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On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found an “exploit related to the Trinity Wallet.” Also Read: IOTA, EOS, XLM, ADA – 4 ‘Bitcoin Contenders’ With Zero Use Cases and Barely Any Infrastructure IOTA Trinity Wallet Compromised for $1.6M The IOTA network is a hot topic within the cryptocurrency community right…

Bitcoin Price Bull Run May Last 3 Years With $45K Top, Says Tone Vays

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Today popular market analyst and Cointelegraph contributor filbfilb joined veteran trader Tone Vays on his YouTube trading channel. During the discussion, each trader discussed their long and short-term vision of Bitcoin’s price (BTC) action, along with the various trading indicators and styles they use.  According to Vays, Bitcoin’s price action on the weekly time frame remains strongly bullish as Bitcoin broke through multiple levels of resistance and is still on six on the TD Sequential indicator, which is favored by Vays.  BTC USD weekly chart. Source: TradingView Vays also pointed…

Does Blockstack Really Have 1 Million Verified Users?

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Blockstack PBC announced on Jan. 29 the completion of its “Milestone II” that unlocked $6.8 million from its 2017 initial coin offering. The project claims to have on-boarded one million verified users, an achievement that some in the community did not believe. Cointelegraph conducted an analysis of blockchain data to see if this claim could be confirmed. The importance of the milestone The Blockstack initial coin offering (ICO) was conducted in November 2017 through the CoinList platform. It was notable for being “SEC-qualified,” meaning that it had stronger reporting obligations…

Dow Faces Headwinds After Boeing Suffers Another Brutal Blow

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Risk sentiment soured in the U.S. stock market ahead of a long weekend as more lawmakers claimed China is losing control of the coronavirus outbreak. Boeing stock added to the Dow Jones’ troubles as United Airlines pushed back the return of the 737 MAX to September. Troubling industrial production data is likely to only get worse, according to ING. The Dow Jones fell 100 points on Friday after Boeing (NYSE: BA) stock suffered another brutal blow. United Airlines announced that the 737 MAX would not return to their lineup until…

For Crypto Miners, Bitcoin’s Halving Could Mean a Doubling in Costs

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Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher.  To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs. In a new report, the crypto-focused research firm TradeBlock estimates the average cost to mine a single bitcoin (BTC) could jump to $12,525 after the halving, expected in May. That’s nearly double the average cost of $6,851 now. Essentially, miners will have to run twice the number of computations, with a corresponding increase in electricity…

For Crypto Miners, Bitcoin’s Halving Could Mean a Doubling in Costs

boss

Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher.  To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs. In a new report, the crypto-focused research firm TradeBlock estimates the average cost to mine a single bitcoin (BTC) could jump to $12,525 after the halving, expected in May. That’s nearly double the average cost of $6,851 now. Essentially, miners will have to run twice the number of computations, with a corresponding increase in electricity…

Hedera’s Token Price Spikes Prematurely After Google Cloud Joins the Network’s Governing Council

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After Hedera Hashgraph announced that Google Cloud would be joining its governing council on Tuesday, the price of the network’s native token HBAR rose above 5 cents for the first time since the network’s launch and above 2 cents for the first time in a month. As part of the body of advisors who oversee software changes for the network and ensure the hashgraph’s decentralization, Google Cloud will run a node and make hashgraph analytics available alongside Google’s other public DLT datasets, Google Cloud developer advocate Allen Day wrote in…

Hedera’s Token Price Spikes Prematurely After Google Cloud Joins the Network’s Governing Council

boss

After Hedera Hashgraph announced Google Cloud would be joining its governing council on Tuesday, the price of the network’s native token HBAR rose above 5 cents for the first time since the network’s launch and above 2 cents for the first time in a month. As part of the body of advisers who oversee software changes for the network and ensure the hashgraph’s decentralization, Google Cloud will run a node and make hashgraph analytics available alongside Google’s other public DLT datasets, Google Cloud developer advocate Allen Day wrote in a…

The Top Narratives Driving Crypto Market Growth, feat. Travis Kling

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The halving? Coronavirus and volatility? Fed action? Listeners vote on what’s driving crypto growth. There’s no denying 2020 is off to a roaring start. From prices to volume to social media, sentiment is up, up, up. But what’s driving it? On this special Valentine’s Day episode, @nlw reacts to listeners’ votes about which narratives are driving the shift in energy, discussing:  The episode finishes with some hot takes on what is driving the markets and what we should be most concerned about and most excited for, with Ikigai Asset Management’s chief…