Block.One Released Major EOS.io Blockchain Software Update EOS.io 2.0

Blockchain software development firm Block.One released EOS.io 2.0, the software underlying the EOS blockchain. In the release announcement published on Twitter on Jan. 10, Block.One claimed that the update makes the blockchain “faster, simpler, and even more secure.” Major changes to the smart contract virtual machine The official blog post on new software explains that it includes a purpose-built WebAssembly (WASM) engine on which the EOS smart contracts run. According to its official website, WASM is an instruction format designed for deployment on the web and servers. This change is…

Major Spanish Bank Latest to Bring Blockchain Into European Finance

On Jan. 3 Spain-based CaixaBank added the blockchain-powered finance platform We.trade to its list of services. CaixaBank has now become one of the first banks in Europe to provide its customers access to blockchain technology. Launched in 2017, We.trade is a finance platform powered by IBM’s blockchain technology. It was developed by a consortium of 15 financial institutions from around Europe, like UBS and Societe Generale, and it works to provide businesses with a digital, trustless platform for verifying financial information. We.trade’s open API architecture lets it track and trace goods shipped…

Bitcoin Probes Major Resistance After 15% Price Rally

A long-term bitcoin price resistance has come into play for the first time in two months. The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell back below the major hurdle. At press time, bitcoin is changing hands at $7,870 on Bitstamp, representing a 14.8 percent gain from Friday’s low of $6,853. The global average price, as calculated by CoinDesk’s Bitcoin Price Index, currently stands…

Bitcoin Probes Major Resistance After 15 Percent Price Rally

A long-term bitcoin price resistance has come into play for the first time in two months. The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell back below the major hurdle. At press time, bitcoin is changing hands at $7,870 on Bitstamp, representing a 14.8 percent gain from Friday’s low of $6,853. The global average price, as calculated by CoinDesk’s Bitcoin Price Index, currently stands…

Major South Korean Crypto Exchange Bithumb Launches R&D Center

South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center. According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company: “Bithumb will become a leading company in the blockchain and cryptocurrency ecosystem by strengthening its own R&D capabilities.” The center’s purpose The new R&D center is going to employ around 30 people and will start its activities this month. Bithumb’s…

XRP And Ripple Unexpectedly Face Major Blow in Japan After 15% Price Surge

XRP, Ripple’s native cryptocurrency which increased by more than 15 percent in merely two days, will be delisted from BITBOX. The exchange is operated by Japan’s biggest messaging application LINE. Why is XRP being delisted, and what impact will it have? In a standard statement, the BITBOX team said that it actively observes every cryptocurrency listed on the exchange. If a cryptocurrency fails to meet its standards on performance, reliability, liquidity, or regulatory requirements, it said that it will delist. “We keep a constant watch on all coins that are…

Ubisoft Might Be The First Major Games Company To Geek Out Over Blockchain

It’s already well-theorized that it’s not cryptocurrency or decentralized finance apps, but gaming that will actually drive blockchain use cases in the real world. While this has moved many smaller development companies and hobbyist programmers to release their own blockchain-driven games, distributed ledger technology’s reception among mainstay gaming companies has so far largely been neutral. A new partnership between old players But that’s about to change in the wake of Ubisoft’s partnership with Ultra, a DLT-driven gaming platform that might be fairly described as Steam on the blockchain. Users can…

Bitcoin Closed Q4 in Losses; Two Major Catalysts For a Rally in Q1/2020

Bitcoin closed 2019’s final fiscal quarter in losses. The benchmark cryptocurrency is down by circa 21.5 percent on a quarter-to-date basis. The move downhill has extended its half-yearly losses to 33.35 percent. Bitcoin in a deep downtrend since July 2019 | Source: TradingView.com Nevertheless, exponential gains during the first two quarters have kept bitcoin inside positive territory. From January 1 until the time of this writing, the cryptocurrency has gone up by more than 95 percent. The long-term performance is keeping the market’s interest in the asset alive. Part of…

Bitcoin at Major Crossroads, Can Bulls Protect $7,000?

Bitcoin price is just holding the key $7,120 and $7,000 support levels against the US Dollar. A bearish break below the $7,000 support could start a short term downtrend. There are two bearish trend lines forming with resistance near $7,240 and $7,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to tumble if it struggle to recover above $7,400 in the coming sessions. Bitcoin price is struggling to stay above $7,120 and $7,000 supports against the US Dollar. BTC needs to recover…

Major Asian Shipping Terminal Joins IBM and Maersk’s Blockchain Platform

Cái Mép International Terminal (CMIT), located in Ho Chi Minh City, Vietnam, announced Dec. 19, that it had joined the TradeLens blockchain platform. CMIT is one of the largest terminals in the Cái Mép-Thị Vải deep-water gateway port complex, providing a direct link from Vietnam to European, North American and Asian markets. CMIT general director, Jan Bandstra said that the decision to join the blockchain-based program was driven by customer demand for instant shipping data. Having transparent, accessible cargo data is essential for the complexities of the global shipping industry,…