June 3, 2020

Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership

June 3, 2020 boss

Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry. Knowledgebase expansion Blockchain technology has emerged to be one of the sort after skillset across distinctive industries. These companies have realized the void in this sector, making them devise ways of presenting high-quality blockchain education…

Oil and Gas Blockchain Consortium’s Pilot Test Produces Successful Result

June 3, 2020 boss

The OOC Oil & Gas Blockchain Consortium has completed a blockchain pilot test to automate payments for oilfield water-handling. The process of oilfield water-handling requires the management of the huge amount of water extracted and injected during the process of oil and gas extraction. A Reuters report claimed that the blockchain solutions implemented during the test cut short the workflow process by nine steps, eventually reducing the completion time from 120 days to just one week. Additionally, the group specified that during the test, the blockchain solution automatically validated 85%…

Vodafone Enlists Blockchain Nonprofit for Tracking Renewable Energy Use in Europe

June 3, 2020 boss

With solar panels flooding power grids with more electricity than some utilities companies may know how to handle, telecom giant Vodafone and blockchain nonprofit Energy Web have devised a communications solution. This SIM-based identity system could turn grids’ increasingly distributed capacity into an information and control boon for the utility, said Walter Kok, CEO of the Zug, Switzerland-based Energy Web Foundation. Grids now feature solar panels and electric cars and wind turbines and heat pumps that could all carry SIM cards, said Kok, who used to work at Vodafone. If…

KuMEX Becomes KuCoin Futures, ETH Contracts and More Features to Follow

June 3, 2020 boss

Starting June 3, 2020, the KuMEX crypto futures trading platform will be rebranded as KuCoin Futures, announced the IDG-backed cryptocurrency exchange giant. In addition to the rebranding exercise, the platform will also be launching an Ethereum perpetual contract with 100x leverage. According to the announcement, KuCoin Futures will be available on its new official website: futures.kucoin.com, and the existing KuMEX communities and social media channels will be renamed to reflect the new brand name. To avoid any confusion, KuCoin will continue supporting the original domain name kumex.com for another 6…

Ethereum Breakdown Finds Support But Can ETH Reclaim $240?

June 3, 2020 boss

Ethereum is down more than 5% as it broke the $240 support against the US Dollar. ETH price found support near $220 and it is currently correcting higher towards key hurdles. Ethereum failed to continue above $250 and it started a major decline. The price dived below $240 and it even spiked below the $230 support zone. There was a break below a major bullish trend line with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it fails…

The Stock Market Faces Its Defining Moment – Time to Plunge or Take-Off

June 3, 2020 boss

Wall Street is deeply divided over the future of the stock market. Many are watching in disbelief, unable to explain the market rally. Others, including Morgan Stanley are heralding a new bull market. Amidst the bleakest backdrop in modern U.S. history, the stock market is roaring. The Nasdaq is one decent push away from a new all-time high. Many investors are watching from the sidelines in disbelief while others are proclaiming a “new bull market.” Wall Street has never been so divided. So what exactly is going on? This is…

Be Short After $10.3K Bitcoin Price ‘Head Fake,’ Veteran Trader Warns

June 3, 2020 boss

Bitcoin (BTC) hitting highs of $10,300 this week isn’t a breakout and investors should brace for losses, renowned analyst John Bollinger has warned. In a tweet on June 2, the Bollinger Bands indicator creator said that the largest cryptocurrency’s brief trip to three-month highs was an anomaly. Bollinger to traders: be cautious or short According to charts showing Bollinger band behavior for BTC/USD this week, the spike above $10,300 took the pair into territory which normally dictates an upcoming bull run. Bollinger bands use two standard deviations to plot a…

Lightning Network Overhaul Could Strengthen Bitcoin Privacy – But Many ‘Ifs’ Remain

June 3, 2020 boss

Research is being conducted. Experiments are brewing. Behind the scenes, Lightning Network developers are planning to (eventually) completely rewrite an important part of bitcoin. Known as Bitcoin’s second layer, since most of the action takes place off the blockchain, Lightning is being built out for faster, cheaper and more scalable bitcoin payments. The network is functional today, but it turns out it might make sense to strip out an important part and replace it with new technology to strengthen privacy. Hashed Timelock Contracts (HTLCs) are an integral piece of the…