Day: July 14, 2020

Blockchain Could Help to Boost Global Jobs Creation

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A report published by the World Economic Forum, or WEF, highlighted the critical role of fourth industrial revolution technologies. New technologies like blockchain could help stimulate growth by implementing “nature-positive” solutions following the COVID-19 outbreak. According to the “Future of Nature and Business” study shared with Cointelegraph, nature-friendly solutions could have the capacity to create 395 million jobs and generate $10.1 trillion in business opportunities by 2030. Inger Andersen, United Nations Under-Secretary-General and Executive Director of the UN Environment Program, commented on the matter: “As we enter into a historic…

A Panel of Experts See Bitcoin Averaging $12,948 by Year End

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A panel of experts is predicting the price of bitcoin will rise to $10,337 by September before adding a further $2,611 to end the year at $12,948. The findings are drawn from a Finder Cryptocurrency Predictions Report for July 2020 and the latest figure is roughly $2,500 less than the price predicted in the April report. In the report, 28 panellists drawn from academia, crypto research firms, and hedge funds are also asked to give their sentiments about bitcoin. Some 50% of those surveyed believe now is the best time…

This New Coding Language Could Help Unlock Bitcoin’s Smart Contract Potential

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Bitcoin Core contributor Jeremy Rubin has revealed his work on a new smart-contract language for Bitcoin, which he hopes will increase the “financial self-sovereignty” of users. Rubin demoed the new language, Sapio, on Saturday at a RecklessVR meetup presentation in virtual reality, with many audience members joining the talk in VR headsets. He plans to release the programming language as a part of his new research organization, Judica. Stateful smart contracts allow users to lock up money so funds can’t be spent until certain conditions are met or a series…

A Hacker is Attempting to Sell a Las Vegas Hotel Database for Crypto

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The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900. According to the information revealed by ZDNet, a dark web marketplace claims that data from 142,479,937 MGM hotel guests are on sale. Preferred payment is denominated in Bitcoin (BTC) and Monero (XMR). MGM Resorts confirmed the data breach, stating that they’re aware of the scope of this previously reported incident from 2019. No financial data was leaked However, according to the research,…

Analysts Expect XRP to Crash Lower as It Reaches “Do or Die” Level

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After facing some turbulence throughout the early part of the month, XRP has been able to stabilize just below its key $0.20 resistance level, marking a notable climb from its multi-week lows of $0.17. Despite its apparent stability and slight strength around its current price levels, analysts are noting that the token has reached a “now or never” turning point that could determine its mid-term fate. Bulls may have laid the groundwork for the cryptocurrency to push higher, as it is currently flashing a technical pattern similar to that seen…

NUYUL WEB MINING BTC VIA TERMUX

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Research Suggests STOs Are Better at Financing Startups than ICOs

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Thomas Lambert, Daniel Liebau, and Peter Roosenboom from the Rotterdam School of Management suggest that Security Token Offerings are better at financing start-ups than Initial Coin Offerings. Their research was published on July 14 via the University of Oxford Business Law blog.  The research paper pointed out that although ICOs and STOs are both issued on distributed ledgers, the idea behind an ICO is “value creation for a community. Utility tokens in ICOs can only grant holders with consumptive rights on services or products and can not be seen as…

Market Wrap: Do-Nothing Markets Stay Steady as Bitcoin Sticks to $9,200

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Markets globally are mostly flat Tuesday, and bitcoin is trading sideways along with them. The price of bitcoin is stuck in the $9,200 price range as low volumes continue to plague the markets, said Katie Stockton, an analyst for Fairlead Strategies. “Bitcoin has been tethered to its 50-day moving average recently after having suffered a loss of short-term momentum in June.” Bitcoin’s 50-day moving average is around $9,240 as of Tuesday.  Stockton says anything above that level would be a sign of bullish sentiment. “We would view a decisive move…

Chainlink (LINK) Rallies as Market Cap Surpasses Litecoin and Binance Coin

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Today Chainlink (LINK) surpassed Binance Coin (BNB) and Litecoin (LTC) in market capitalization. Data from CoinMarketCap shows LINK’s market cap surged to $2.86 billion as the price rallied 9% to $8.17. This brought the market cap above BNB and LTC whose market capitalization sits at $2.84 billion and $2.83 billion respectively. Although LINK price did not break its previous all-time high of $8.22, it surged 14% in the last 24 hours and at the time of writing the altcoin trades for $8.17.    To date, LINK has been one of the…

South Korea Might Soon be Spending Billions on Blockchain Development

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The South Korean government plans to invest over $48.2 billion in Blockchain and other Industry 4.0 technologies by 2025. The nation’s goal is to promote the digitization of all industries in the coming post-pandemic era. According to ZDNet Korea, President Moon Jae-in praised “several benefits” that the new industrial revolution could bring to the country. Moon elaborated: “The fourth industrial revolution and digital civilization are the future of humanity that has already begun. The national development strategy to advance in the trend is the Korean version of the new deal.…