Day: July 28, 2020

Devcon 1: Ethereum’s Woodstock Moment

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Ethereum’s Devcon 1, held in London in November 2015, was like Woodstock, except perhaps with less nudity. Bankers and Big 4 consultants disguised in hoodies shared space with dreadlocked Ethereum coders, sitting cross-legged in the corners, their laptops open in front of them.  Packed into a Victorian banking hall in the heart of the City of London, the audience listened as ConsenSys chief Joe Lubin predicted a new future for firms; cryptographer Nick Szabo talked about decentralization in the context of Francis Drake and the Aztecs; and chief scientist Vitalik…

Huawei Files Patent For Blockchain Ledger Storage and Device

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Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems. Chinese ICT specialist firm, Huawei is steaming ahead with its adoption of blockchain technology with a recent application for a new blockchain patent that focuses on storage devices and methods. According to a Chinese corporate database called Tianyancha, on January 17 Huawei filed for the patent on a blockchain ledger storage and device, with the application announcement date set for July 14 at the time. Huawei has also recently partnered with the government of the…

Australian State Treasury Proposes ‘Flexible’ Regulatory Reform for Blockchain

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The Treasury Department of New South Wales (NSW), an Australian state, is exploring regulatory reform for blockchain and other emerging technologies. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

What Is Bitcoin Cash and Way to Get It? | Coinspeaker

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Now several exchanges use Bitcoin Cash as a key currency, but if their number increases in the future, it may have a positive impact on Bitcoin Cash price.  Bitcoin Cash is a cryptocurrency created in 2017 by the split of Bitcoin. In response to the Bitcoin scalability problem of system and network extensibility/flexibility for transaction data processing, the size of the Bitcoin block is expanded from 1MB to 8MB, Big Block has improved processing capacity and tried to solve it with Bitcoin Cash.  Bitcoin Cash was born by a hard…

Bitcoin Will Hit $28K and Correct, Then Hit Six Figures — Max Keiser

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Bitcoin (BTC) will not stop rising until it hits $28,000, Max Keiser believes as the largest cryptocurrency gains over 20% in a week. In a series of tweets on July 27, the famously outspoken host of the Keiser Report forecast that BTC/USD was headed for six figures after a correction period near $30,000. Peter Schiff is “puking his brains out” Keiser made the prediction as Bitcoin passed $11,200 during a day of surprises. As Cointelegraph reported, $10,000 managed to hold for longer than a matter of hours, and data indicated…

Swiss SIX Exchange Lists Actively Managed Bitcoin ETP

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Swiss SIX Exchange, one of the world’s largest stock exchanges, is listing a new cryptocurrency exchange-traded product, or ETP. Dubbed the “Bitcoin Capital Active ETP,” the new trading product represents an actively managed crypto ETP, trading Bitcoin (BTC) against 14 top altcoins like Ether (ETH) and exiting to fiat without active involvement from investors. Claimed to be the world’s first actively managed crypto ETP, the new product is now listed on SIX Exchange under index BTCA. Discretionary ETP might be a great fit for the crypto industry The BTCA is…

Amazon and Apple Lead Tech Higher

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Stocks showed impressive rally on Monday with Amazon (AMZN) and Apple (AAPL) leading tech stocks amidst expectations of the new stimulus package from the government. It is a great week for markets across Wall Street as firms are recording upward trends following the lawmaker’s negotiation for additional stimulus packages. Since the economy reopened after the Q1 lockdowns, businesses have been fighting to make up for the massive losses they recorded during those trying times. While some tech and consumer-focused businesses are among the frontline beneficiaries (like Amazon and Apple), others…

Blockchain-Backed Investment Startup Fasset Launches — Plans To Accelerate Investments and Growth in Sustainable Infrastructure Development

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UK blockchain startup Fasset wants to bridge the US$15 trillion gap in sustainable infrastructure development by launching the world’s first comprehensive operating system dedicated to the ethical financing of sustainable infrastructure on the Ethereum blockchain. Mohammad Raafi Hossain, Fasset Chief Executive Officer and former Technology Advisor to the UAE Prime Minister’s Office stated: “With climate change expected to cost the world economy US$7.9 trillion by 2050, impacting lives and communities, the need for sustainable infrastructure has never been more urgent. In addition, the COVID-19 pandemic has placed the global economy…

Ethereum Correcting Gains But 100 SMA Could Trigger Fresh Increase

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Ethereum started a downside correction from the $335 swing high against the US Dollar. ETH price is currently approaching a major support zone near $305 and the 100 hourly SMA. Ethereum is losing bullish momentum and it is now trading below $320. The price is likely to find a strong buying interest near $305 or the 100 hourly simple moving average. There was a break below a key ascending channel with support near $318 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the…