Day: July 22, 2020

Blockchain Bites: Coinsquare Conclusion, Ethereum Fees and a GPT-3 Poet

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Australian blockchain startups are taking tech giants to court for banning crypto advertisements during the ICO boom, Coinsquare executives have settled over accusations of wash trading and South Korea is mulling increased taxes on crypto profits. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf ‘Be Thankful I Don’t Take It All‘The South Korean government has proposed a 22% tax – including the 2% local income tax – on…

BNP Paribas Joins IBM Cloud for Financial Services

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BNP Paribas has committed to joining the IBM Cloud for Financial Services as its anchor client in Europe. It is the first step in creating an ecosystem for the platform on the European continent.  Technology giant IBM (NYSE: IBM) has revealed that several financial institutions have joined the IBM Cloud for Financial Services Platform. Among those institutions is BNP Paribas SA (EPA: BNP). The technology giant made this known in a press release. BNP Paribas is one of Europe’s biggest banks, its joining the IBM Cloud for Financial Services serves as a…

Tether Displaces XRP as Number Three Crypto with $10B Market Cap

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Just in March, Tether (USDT) had a market cap of $5 billion, today it has already reached a $10 billion mark. Digital currency Tether (USDT) has hit a landmark market cap of $10 billion advancing the surge in altcoins. The positive stride has also helped position the ‘United States Dollar backed’ cryptocurrency as the third-largest cryptocurrency to displace XRP following Bitcoin (BTC) and Ethereum (ETH). The announcement was made on Tether’s official Twitter account and it highlights the meteoric growth in Tether’s market cap from $5 billion in March to…

These External Factors are Making a Bitcoin Breakout Highly Likely

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Bitcoin has been coiling up to make a big movement for several months now, and all the signs are beginning to suggest that the next bout of extreme volatility is imminent. As for which direction this could lead the benchmark digital asset, there are a plethora of signs suggesting that the asset is poised to see some notable upside in the near-term. While looking towards Bitcoin from a technical perspective, recent golden crosses between the crypto’s moving averages and a Hash Ribbons buy signal are both positive signs. That being…

Bitcoin News Roundup for July 22, 2020

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With the price of BTC taking a breather following yesterdays jump, CoinDesk’s Markets Daily is back with another bitcoin news roundup. An update on Bitcoin price action, courtesy of CoinDesk’s Omkar Godbole. The on-chain metric suggests Bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action. China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network. …

Facebook, Berkshire Hathaway, Visa or Tesla to Be Next in $1 Trillion Market Cap Club?

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Facebook seems to be the next to join the $1 trillion market cap club. Visa, Tesla, and Berkshire Hathaway are also strong contenders in the race. Despite the persisting coronavirus pandemic affecting most companies’ growth, some companies are close to joining the $1 trillion market cap club. Already, Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN), and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)are members of the club. Each of these companies boasts of market capitalizations gradually rising towards $1 trillion. Currently, Facebook, Tesla, Visa, and Berkshire…

Crypto Price Analysis July 22: BTC, ETH, LTC, BSV, EOS

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The cryptocurrency market was overwhelmed by bulls over the last 24 hours. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. Bitcoin added 2% and was trading close to $9,400. Today, the asset is correcting. At the moment, any somewhat significant impulse is perceived as the start of another mid-term wave. However, this time these expectations may be justified. The Bitcoin dynamics exceeded that of the stock market and trading volumes…

Bitcoin Google Search Interest Hits Lowest Since Before $10K Bull Run

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Bitcoin (BTC) is at its least popular among Google users since last year — should history repeat itself, BTC/USD will reclaim $10,000. According to data from Google Trends, worldwide interest in the term “Bitcoin” is now at its lowest since December 2019. Bitcoin interest hits 7-month lows Over the past seven months, price volatility has delivered occasional spurts of curiosity in Bitcoin, but these have simply punctuated a general downtrend. As of July 20, interest was firmly at multi-month lows on Google’s normalized scale of 1 to 100 — at…

Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims

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The threat intelligence team at Cisco Systems discovered a new cryptojacking botnet named “Prometei.” This botnet both mines Monero (XMR) and steals data from the targeted system. According to the paper sent to Cointelegraph, the botnet has been active since May. It relies on 15 executable modules to recover administrator passwords from the infected computer. Password validity is verified by sending them to a control server connected to other networks. Once the malware has obtained access to the user’s administrative rights, it proceeds to record all data contained within the…

Deutsche Telekom’s T-Systems Joins Chainlink as Node Operator

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Joining Chainlink as a node operator, Deutsche Telekom’s T-Systems MMS will provide real-world data to the network. Just recently it has become officially revealed that Chainlink welcomed Deutsche Telekom’s T-Systems MMS as its new node operator. According to the announcement published on the official T-Systems web page, it will earn digital assets for ensuring the efficient interaction between external data and smart contracts of the network. We’re thrilled to welcome @DeutscheTelekom’s @TSystems_MMS IT Services group to Chainlink. @Tsystemscom’s world-class infrastructure team secures a large amount of enterprise value today &…