Day: November 18, 2020

‘This time is different’ — 10 Bitcoin charts show that this rally isn’t like 2017

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Bitcoin (BTC) is setting new records in almost all aspects except USD spot price, says a new digest, which concludes that 2020 is not like the 2017 rally. In a blog post on Nov. 17, Nic Carter, co-founder of statistics resource CoinMetrics, highlighted nine charts which as of this week are higher than ever. 10 charts highlight “clear improvements” From wallet balances over $10 to institutional holdings and even Bitcoin spot prices in various fiat currencies, the data shows that Bitcoin is outperforming on a historic level. “To sum up,…

Vietnam’s ministry of education to record certifications on blockchain

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Vietnam’s Ministry of Education and Training, or MOET, is planning to implement blockchain technology for issuing diplomas in 2021. According to a Nov. 18 announcement, the MOET has partnered with Singapore-based startup TomoChain to put national student certifications on TomoChain’s proprietary blockchain platform. As part of the “National Qualifications Archive” project, the MOET plans to issue all types of diplomas granted by its training units and the High School and Higher Education on the blockchain. The new system will reportedly come into effect during the school year ending in 2021.…

Liquid Exchange Hacked with Users’ Information Exposed

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Before the attack was contained and the actor successfully interrupted, their document storage had already been accessed. Unfortunately, the actor compromised the infrastructure in the well-calculated attack and executed his mission.  Liquid Exchange has revealed that their platform was recently hit by a data breach as threat actors probably got access to the personal information of users. This has put them among the many other exchanges that fell for the deceptive approaches of malicious actors. According to the CEO of the exchange, Mike Kayamori, they have identified the attack and…

Dutch Bitcoin firm reluctantly tightens rules at central bank’s behest

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Bitconic, a Netherlands-based Bitcoin (BTC) exchange, has informed its users that they now need to comply with a new verification measure in order to continue to use their services. The change comes following new requirements from the Dutch central bank, which were published in Nov. 2019 and stipulate that: “Crypto service providers must check whether their clients and any ultimate beneficiary owners (UBOs) are on a Dutch or European sanctions list and report any hits to DNB. Risk-based checks are not permitted […] compliance also entails that institutions must check incoming and…

Airbnb plays blockchain buzz-word bingo in $1B IPO filing with SEC

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Short-term accommodation booking platform Airbnb has filed a prospectus for a $1 billion initial public offering, or IPO, with the United States Securities and Exchange Commission on Nov. 16. Hidden away in the 350+ page document is a half page dedicated to the risks of not being able to adapt to changes in technology. The document reels off a list of buzz-words that savvy investors may want to be sure are under consideration: “Our future success will also depend on our ability to adapt to emerging technologies such as tokenization,…

$18K Bitcoin price eh BTC market cap may pass Canada’s monetary base

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io As Bitcoin ( BTC ) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble . This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks. The above chart may seem complicated at first glance, but it simply compares gold, silver, Bitcoin, and the remaining global monetary bases. We can see that the U. S. has $4.9 trillion physical notes, coins, and bank deposits parked at…

Grayscale Total Assets Under Management Surpasses $10 Billion

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Grayscale previously reported that as of October 30, the total assets under management stood at $7.6 billion. In less than a month it has hit a new milestone. Leading digital currency investment firm Grayscale Investments LLC has reported that its total assets under management (AUM) have surpassed the $10 billion level as of November 17. According to an official update on its Twitter page, the net assets under management stand at $10.4 billion. Whereby Grayscale Bitcoin Trust leads with $8.851 billion. Ethereum follows with $1.221 billion. Bitcoin Cash and Litecoin…

Watch these two levels if Bitcoin price sees a major correction before $20K

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Bitcoin (BTC) is on the run, printing a new high with each day. After officially achieving a new all-time high by market cap, will Bitcoin finally break through that elusive $20K barrier once more? Or will we first see a major correction? When correction? BTC/USD 1 week chart. Source: TradingView It’s hard to not get excited when looking at the weekly Bitcoin chart. In the past 30 days, Bitcoin has undergone a true parabolic run. But it is yet to reclaim its previous all-time high, which is just 10% away.…

Waves Enterprise releases blockchain voting platform to the public

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Waves Enterprise, the business-focused spin-off of the Waves project, announced on the public release of its blockchain voting system primarily aimed at corporations and board governance. The Waves system uses blockchain at every step of the voting process, as votes are recorded and then counted with full cryptographic guarantees. Homomorphic encryption is used to accurately tally votes without having to reveal the identity of the person who cast each ballot. While the system is primarily targeted for lower stakes environments such as corporate boards, the technology has recently been trialed…

How DeFi can improve the e-commerce sector

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Decentralized finance and shopping seem like an unusual combination at first. How can liquidity pools help you save money at the till? But scratch a little deeper and some compelling use cases for DeFi emerge. With the retail sector suffering through one of the most challenging times seen in a generation, here are the main issues facing e-commerce right now… and how DeFi could fix them. A match made in heaven? The likes of Amazon, eBay and Shopify have transformed the way we buy everyday items. Now, anyone can become…