A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today. The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a virtual demo of its blockchain-based marketplace platform for optimized electricity trading. The demo was officially announced by the project on Oct. 22. The public demonstration of Pebbles’ energy platform in the town of Wildpoldsried in Bavarian marks a major milestone after the project was launched in March 2018. Funded by German Federal Ministry…
Month: October 2020
DLT security standards may turn legacy industries into blockchain innovators
Tokenization has given rise to the “Internet of Value,” an era in which financial assets — or any assets with underlying value — can be easily transferred peer-to-peer over the internet. While revolutionary, tokenization has largely remained a concept embedded strictly within the cryptocurrency space. Yet as the need for digitized processes continues to impact multiple sectors, tokenization could become a game changer for global digitalization. In order to drive mainstream adoption, the InterWork Alliance — a nonprofit organization dedicated to creating global standards for tokenized ecosystems — has announced…
Gemini exec to join Bitstamp crypto exchange as new CEO
Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new advisory role on the company’s board of directors, Bitstamp executives told Cointelegraph on Oct. 22. Julian Sawyer, who currently serves as the managing director of the United Kingdom and Europe at major global crypto exchange Gemini, will replace Kodrič, becoming the second CEO in Bitstamp’s history. The replacement…
South Korean telecom launches blockchain wallet for official documents
The South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of Public Administration and Security. According to NewsTomato, SK’s Wallet is compatible with the ministry’s own Government24 digital certificate initiative, which promotes the use of electronic certificate issuance and distribution systems in South Korea in the wake of the COVID-19 pandemic. SK Telecom’s digitalized public certificates include copies of resident registration cards, health insurance qualification certificates, immigration certificates, among other documents…
Bitcoin Just Tapped $13,000 as Buyers Continue to Rush In
It’s been quite the past few days for the Bitcoin price. After trading as low as $11,200 last week, the cryptocurrency has rocketed higher. BTC now trades for $12,940 as of this article’s writing, just shy of the $13,000 daily highs it reached just hours ago. Source of BTC’s price action over the past few days. Chart from TradingView.com Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Taps $13,000 Bitcoin just tapped $13,000 as buying pressure continues to erupt across the industry. Analysts think that…
CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale
CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies. The company expects to launch its public mainnet in the first quarter of 2021, followed by a public token offering which will exclude U.S. investors. In 2018, CasperLabs raised $14.5 million in an equity Series A round led by Terren Piezer. The original plan provisioned for an Exchange Validator Offering on the BitMax exchange, but the recent announcement makes no mention of the exchange. Casper started out…
Bitcoin Spikes to $12,850, Burning Over $75 Million in Futures Contracts
Bitcoin is exploding higher on the back of two extremely positive fundamental events: PayPal adding support for cryptocurrency and the U.S. confirming an imminent fiscal stimulus package. BTC currently trades for $12,800, far above the lows seen just a week ago at $11,200. Source: BTCUSD from TradingView.com The price of Bitcoin plunged last week as a result of news that OKEx had frozen withdrawals. The cryptocurrency is now returning higher as the market has shaken off that news event and has instead focused on the bullish ones. Related Reading: Here’s…
DragonEx crypto exchange considering shutdown amid OKEx ‘crisis of trust’
DragonEx crypto exchange suspended deposits and withdrawals of all digital currencies on its platform due to issues triggered by OKEx’s ongoing withdrawal freeze. In an official announcement on Oct. 21, DragonEx said that the OKEx freeze triggered a “crisis of trust” in centralized exchanges among its customers, which in turn fueled a run on funds and deteriorated the platform’s service. DragonEx is now working on a restructuring plan in order to resume deposits and withdrawals on the platform. The company’s representatives said that the exchange will have to shut down…
Filecoin launch hits turbulence. AP will put election data on blockchain.
In this issue Filecoin’s mainnet launch marred by miners’ complaints Associated Press joins Everipedia to publish US elections data on blockchain USDC adds Stellar blockchain as another alternative to congested Ethereum In China: OKEx under police investigation and suspends exchange services Funding spotlight: Investors bet $100 million on ‘neobank’ in India From the Editor’s Desk Dear Reader, Blockchain’s moment is coming. In one of the most closely watched elections of our time, the Associated Press, the 174-year-old consortium of U.S. publishers, broadcasters and news agencies, will be recording the results…
Chainlink (LINK) Poised to Plunge Against Bitcoin as Technical Setup Weakens
It’s been a tough past few days for altcoins, Chainlink (LINK) included. The price of the leading altcoin, based on Ethereum, has dropped 3.1% in the past 24 hours alone per CoinGecko market data. To put that into context, Bitcoin has rallied in excess of 4% over that same time frame. Stepping back, LINK’s price action is even weirder. CoinGecko data indicates that the coin has dropped around 10% in the past week alone. Over that same time frame, BTC gained in excess of 7%. Related Reading: Here’s Why Ethereum’s…