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Day: May 6, 2020
How Is the World Shifting Towards Cryptocurrency?
Cryptocurrency is something that has grasped the attention of millions. It is a fact that the whole world is talking about cryptocurrency which has started with Bitcoin in the year 2009 and now acting as an amazing financial tool. Today we have many digital currencies around us like Etherium, Ripple, Dash, Komodo, and many others but the cryptocurrency is still leading the market. The cryptocurrency and Bitcoins have high utilitarian power but still, have the disrupting quality which has to interfere with the traditional financial system works by some or…
Latest Fiat-Crypto Exchange Launches In India as Local Trade Volumes Soar
A new fiat-crypto exchange has launched in India, two months after lifting the country’s stringent ban on banks’ dealings with crypto businesses. The Bangalore-headquartered exchange, dubbed BitPolo, went live on May 6. It was originally founded in March; the same month the Supreme Court ruled against the central bank’s longstanding moratorium on crypto-related banking support. BitPolo supports Rupee (INR) deposits and withdrawals, and crypto-fiat pairs with major currencies such as Bitcoin (BTC). In a statement accompanying the launch, Bitpolo chief business officer, Suresh Choudhary, said the exchange team had been…
Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027
Fortune Business Insights, a leading publisher of market research reports, has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. According to the press release shared with Blockchain.News, this uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing blockchain technology as an optimal solution for the numerous challenges they face, like access to bank loans, trade financing, and cash flow difficulties. BaaS cuts out middlemen SMEs…
Expanding Bitcoin Ecosystem and Utility Put to Rest Centralization Questions
Bitcoin is still the most valuable digital asset and its security is being guaranteed by the community of miners and providers. Such providers as CoinFly eliminate fears of users about the centralization. Thing is, we cannot measure the success of blockchain using one parameter. There are several factors that come into play, and yes, the community is still paramount. Reason? Well, the source code of leading projects like Ethereum, Bitcoin, and Ripple‘s XRP, is open. It is available for individuals that can decide to “play” and even fork it. This…
HUUGE CRYPTOCURRENCY NEWS | REN, Zilliqa, Binance, Monero, Tezos, Ripple | Bitcoin Halving
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With the bitcoin halving 2020 approaching there is a lot of interest immerging in the crypto space. The #bitcoinhalving event will is less than a month away and all quality cryptocurrency projects are seeing movement. Ren protocol’s mainnet is not not very far Ren has been spot on with information and documentation regarding their Testnet and their processes and communications have been a delight to go through. Very excited to see their launch and getting a decentralised bitcoin on ethereum. Ziliqa staking…
Ransomware Hackers Threaten to Release Credit Card Data From Costa Rican Bank
A group of hackers dubbed Maze claims to have compromised the infrastructure of Banco BCR, a Costa Rican state-owned bank, and is now threatening to leak millions of credit card numbers. On April 30, Maze claimed that it has scoped out the bank in August 2019: “According to Financial Institutions Protocol this bank had to notify other institutions about the security breach case. But nothing was made. Servers and workstations were not blocked. Private data was not secured. Anyway the Bank decided to conceal information about the breach. Though the…
5 successful shipping container conversions | Kimbal Musk, bitcoin mining & more
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This video showcases 5 successful shipping container conversions that maximizes the use of the container, makes minimal conversions and utilizes the material cleverly 0:09 First, shipping container vertical farms by Kimbal Musk (Elon Musk’s brother) Square Roots is an urban farming company in Brooklyn, New York. Inside, plants grow vertically without soil, and get their nutrition from water and light energy from powerful LEDs. He wasn’t the first to convert a shipping container for this purpose. Brad McNamara and Jon Friedman started…
University College London Joins Governing Council for Hedera Hashgraph
University College London’s Centre for Blockchain Technologies (UCL CBT) has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph. Paolo Tasca — former cryptocurrency lead economist at Germany’s central bank, Deutsche Bundesbank, and founder of UCL CBT — confirmed that the university is the first academic institution to join the council. In an interview with Cryptox on May 6, Tasca said that joining the council was consistent with the center’s experimental and practical approach to research, manifested through a range of industry engagement programs. Hedera Hashgraph’s Governing Council…
Bitcoin Can Boost Portfolio Returns, Even if Bought at All-Time High: Bitwise Study
With the right management strategy, bitcoin almost always boosts the value of a mixed portfolio, according to Bitwise research – even if bought at the all-time high. Based on a test portfolio using historical data, the San Francisco-based asset manager found that investors who allocated a small percentage of bitcoin to a portfolio made up of stocks and bonds would have made a notable increase to cumulative returns, even in the past three years. Bitwise said in its Wednesday report – co-written by head of research Matt Hougan – that a 2.5% allocation…