Month: March 2020

Engage Further Backs Blockchain Company Fluree in Seed Extension Round of Financing

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Sharing is caring! Fluree, a North Carolina-headquartered data-first technology startup that recently announced a strategic blockchain deployment with the United States Air Force is getting further backing from Engage in a seed extension round of funding with participation from Engage. “Organizations have been striving to secure a data-first approach for nearly a decade, and Fluree finally brings that vision to life,” said Brian Platz, co-CEO and co-founder of Fluree. “As the semantic web continues to dissolve data silos and build a new framework for harnessing the value of information, Fluree…

Mt. Gox CEO Slams Plaintiff for Adjusting Fraud Allegations Mid-Case

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Mark Karpeles, the former CEO of defunct cryptocurrency exchange Mt. Gox, accuses plaintiff Gregory Greene of altering the factual basis of his claims against Karplese mid-case, according to his March 16 response to Greene’s justification for continuing the case. Gregory Greene, the last remaining plaintiff in what was previously a class action against the Mt. Gox ex-executive, voluntarily dismissed two other claims against Karpeles recently — leaving Greene’s allegations of common law fraud as the sole claim against Karpeles in the case. Former Mt. Gox CEO attacks Greene for changing…

Waves Claims 70x Increase in Smart Contract Speed Amid Enterprise Upgrades

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Russian blockchain firm Waves has announced updates to its enterprise platform, including accelerated smart contract execution, licensing fees and inter-chain anchoring. On March 17, Waves wrote that the new Version 1.2 of Waves Enterprise will enable an increase in containerized smart contract execution speeds by up to 70 times.  The company has sped up execution times by replacing the platform’s former REST communication protocol with Google’s Remote Procedure Call (gRPC) — which containerizes contract execution by removing guest operating systems from the protocol. The speed-up in contract execution will facilitate…

NEO-Based DEX Partners With Zilliqa to Add Ethereum and EOS Assets

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NEO-based decentralized exchange (DEX) Switcheo partnered with the Zilliqa blockchain to allow trading of Ethereum- and EOS-based assets on the platform. According to an announcement on March 16, after the launch, Zilliqa token holders will be able to access Ethereum-based assets for the first time. A Switcheo spokesperson also informed Cointelegraph that there are plans to add Bitcoin (BTC) support as well. The two teams plan to launch a minimum viable product by the end of Q2 2020 and external user acceptance testing by Q3. The development is expected to…

Here’s How Bitcoin Can Bring Digital Gold Narrative Back to Life

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Evidence shows that whales are buying the massive bitcoin dip. Bitcoin’s digital gold narrative was crushed in the recent selloff. If whales are indeed buying the dip, bitcoin can eventually regain its digital gold status. Bitcoin has wiped out many traders over the last few days. The intense selloffs coupled with extreme volatility are shaking weak hands out. We know this because the average lifespan of coins that moved in March is around one month. This suggests that those who bought between January and February this year have capitulated. Glassnode…

Here’s How Bitcoin Can Bring Digital Gold Narrative Back to Life

boss

Evidence shows that whales are buying the massive bitcoin dip. Bitcoin’s digital gold narrative was crushed in the recent selloff. If whales are indeed buying the dip, bitcoin can eventually regain its digital gold status. Bitcoin has wiped out many traders over the last few days. The intense selloffs coupled with extreme volatility are shaking weak hands out. We know this because the average lifespan of coins that moved in March is around one month. This suggests that those who bought between January and February this year have capitulated. Glassnode…

Why ‘Setup’ Matters for Cryptocurrency Privacy

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Privacy is a core characteristic of cryptocurrencies. Despite mainstream conception, however, it is not the primary goal of cryptocurrencies like Bitcoin (BTC) or Ether (ETH), and is more of an ancillary benefit of using cryptography. The situation is altogether different for cryptocurrencies that seek to maximize anonymity when transacting on the network. Networks like Monero (XMR) and ZCash (ZEC) have soared in popularity, making up part of the handful of leading cryptocurrencies by market cap based on strong guarantees of privacy. Both blockchains offer users virtually complete privacy assurances —…

Bitcoin Jumps as US Stock Futures Rebound after Coronavirus-induced Sell-off

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Bitcoin traded higher on Tuesday following a severe sell-off that saw its prices plunge by circa $900 at the start of this week. The benchmark cryptocurrency jumped to intraday high of $5,466 from its weekly low, up 23.34 percent as traders hunted for short-term profits. The move upside quickly followed a weak pullback into the European morning session, bringing price about $200 lower. BTC/USD posts intraday gains after Monday’s rout | Source: TradingView.com, Coinbase Bitcoin’s upside moves followed a similar recovery in the US stock futures. According to CNBC pre-market…

KuCoin Names Co-Founder Johnny Lyu As KuCoin Global CEO

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The Seychelles-based crypto exchange KuCoin today announced the establishment of KuGroup, appointing CEO Michael Gan as Chairman of KuGroup and co-founder Johnny Lyu as CEO of KuCoin Global. According to an announcement from KuCoin, the newly established KuGroup consists of three business groups: KuCoin Global, KuCloud, and KuChain & KCS Ecosystem. With their new roles, Michael Gan will oversee the global strategy of KuCoin Global and put more efforts on exploring the boundaries of blockchain technology with KuChain, a public blockchain powered by KuCoin, and how to integrate the group’s…

BitMEX, OKEx, Binance and Deribit: Which Stood out in This Extreme Market with Best Market Depth

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Last week was some of the darkest hours of global financial markets. Affected by the COVID-19 epidemic and oil price war, global stock markets, crude oil price, gold price and futures markets dived successively. While people were eager to seek robust investment targets and found that Bitcoin might be the last sort of safe-haven asset, BTC plummeted by approximately 50% on March 13 to a low of $3,791.9. The sudden drop in prices not only impacted the entire crypto market, but also challenged crypto exchanges worldwide. When huge traffic flooded…