Russia is set to pilot a national blockchain-based e-voting system in September. The new system was developed in partnership between Rostelecom, Russia’s largest integrated provider, and Waves Enterprise. Another recent blockchain e-voting experiment in Russia ended in fiasco after the system suffered a number of setbacks and attacks. The Russian government used a different blockchain provider, Bitfury, for that particular implementation, however. Artem Kalikhov, chief product officer of Waves Enterprise, told Cointelegraph that their work with Rostelecom was independent of that previous pilot. Kalikov said that the system developed by Waves employes zero-knowledge…
Day: August 19, 2020
Target Reports Second-Quarter Earnings Result, TGT Stock 12% Up
According to the second-quarter earnings result released, Target reported the strongest gain in comparable sales of 24.3%. TGT stock is 12% up today. Target Corporation (NYSE: TGT) released its second-quarter earnings result, blowing past Wall Street predictions. The American retail corporation hit an all-time high in online sales, and stores opened for not less than a year. Also in the quarter, the company added millions of new online customers, which resulted in a profit jump of 80%. According to the second-quarter earnings result released on the 19th of August, Target reported the…
ORCL Stock Up 1.79%, Trump Supports Oracle in Its Interest in TikTok
President Donald Trump declared that Oracle is “a great company” when asked if it would be a good buyer for TikTok. ORCL stock is up. Stocks of cloud engineering company Oracle Corporation (NYSE: ORCL) are up by 1.79% on Wednesday following news that the company’s interest in TikTok has support from President Donald Trump. While still in the 90-day ultimatum President Trump issued for the acquisition of TikTok in order to prevent their ban from the country, new interests including that from Oracle (ORCL) have started making the rounds. The…
Why This Weekly Close In Bitcoin Is Critical For Bullish Continuation
Bitcoin price has been flying over the last few weeks, ever since the cryptocurrency broke free from its tight trading range and took out $10K resistance. Within days, the cryptocurrency found itself trading over $12,000, where it has failed to hold thus far. For bulls to keep the momentum going, this weekly close is especially critical. Here’s why, along with which levels bulls must defend on weekly and monthly levels for the rally to continue. Minor Crypto Market Correction, Or At Risk of Reversal? The leading cryptocurrency by market cap…
Crypto Price Analysis August 19: BTC, ETH, LTC, EOS, LINK
After updating their respective highs once again, all assets have started descending corrections, which may be considered just as another movement to the downside before a further uptrend. 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. On charts of many assets, the currently forming structures point at further growth. So, if bulls continue their pressure, the cryptocurrency market may try to continue the bullish trend. The unwillingness of the market…
South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds
An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator follows the cease and desist order issued against it by the Texas States Securities Board (TSSB) in July. In a press statement, the FSCA says it is of the “view that the current MTI business model requires it to be in possession of a financial service provider license.” TSSB similarly accuses…
Blockchain Bites: Bitcoin in Space; Prime Brokerage Race; Nodes You Can’t Trace
The OCC is willing to work with banks interested in custodying crypto, a Russian bank approved a token-backed loan and bitcoin has been sent… from space! 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 Next steps?The Office of the Comptroller of the Currency’s interpretative letter last month allows banks to provide services to crypto companies and custody cryptocurrencies directly – a sea change that could have been months…
Crypto Travel Company Adds VeChain Token as a Payment Method
Travala.com has announced that they will incorporate VeChain’s VET token as a payment option for travelers on their crypto-friendly booking platform. Users can now use the token to book homes and hotels around the world. Juan Otero, CEO of Travala.com, believes that through the partnership, the company will continue to increase cryptocurrency adoption across the sector. The VeChain Foundation echoed these sentiments, and likewise noted an increasing surge in “consumer appetite for modern payment alternatives and scalable blockchain solutions.” The VeChain Foundation has partnered with a number of companies in…
Pro-Bitcoin Senate Candidate Wins Primary Race in Wyoming
Cynthia Lummis, a former U.S. Representative and current bitcoin advocate, has won her primary race to join the U.S. Senate representing Wyoming. Original
This Bearish Divergence Suggests Bitcoin Will Soon See a $1,300+ Pullback
Bitcoin and the aggregated crypto market are currently caught within the throes of a volatile trading session, with BTC plunging below its key $12,000 support level. The break below this crucial support caused it to plunge as low as $11,600, with bulls stepping up and guarding against a decline beneath this level. Analysts are now widely noting that this recent price action has struck a significant blow to the cryptocurrency’s near-term outlook. One indicator of this newly established weakness is a bearish divergence on Bitcoin’s Renko chart. The last time…