Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying…

FDA Commissioner Suggests Using Blockchain for New Supply Chain Open Pilot

The Commissioner of the United States Food and Drug Administration (FDA) has suggested the use of blockchain for an open pilot scheme for the pharmaceuticals industry. The pilot focuses on improving supply chains and was announced in a notice published Feb. 8. The Pilot Project Program Under the Drug Supply Chain Security Act (DSCSA Pilot Project Program), which aims to ingratiate industry players with emerging innovative technologies, will accept applications through March 11. The move is an initial step in the development of a digital supply chain platform specifically geared…

Yosemite X has Announced the First Open Source Public Blockchain that Operates without a Native Cryptocurrency

Yosemite X, a blockchain technology company that creates new solutions to old challenges, just announced the release of its open source public blockchain that operates without a native cryptocurrency. The new protocol gives developers and businesses the ability to build solutions and reduce costs without the price instability of crypto. This approach enables companies to harvest the benefits of blockchain – greater transparency, enhanced security, increased efficiency, speed of transactions at scale – and pay for their network usage with more stable fiat currencies. advertisement While the idea of using…

Bits of Open Possibility in Open Finance

March of the Smart Contracts: Bits of Open Possibility in Open Finance February 8, 2019 by William Peaster Are smart contracts the future of open finance? Who knows for now, but it’s clear the possibilities around the blockchain-based tech are growing. What brave new world lies ahead in kind? Also read: Bitcoin Legal ‘Money’ in U.S.? One Federal Court Says Aye Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Vitalik Buterin Suggests Smart Contracts Could Spell the Death of Paydays In a Feb. 6th tweet, Ethereum co-creator…

Switzerland Must Be ‘Open and Easy’ for Blockchain Investors

The recently elected president of the Swiss Crypto Valley Association (CVA), Daniel Haudenschild, declared that the crypto bear market has damaged Switzerland’s position as a global blockchain hub. Haudenschild made his comments in an interview with major local media outlet Swissinfo, Feb. 4. Haudenschild officially took office as the president of the CVA on Jan. 31, stating in the interview that he intends to “heal divisions to prevent Switzerland losing any more ground to other countries” in attracting blockchain projects. According to SwissInfo, his election “followed a period of unrest…

OKEx to Open Thai and U.K. OTC Trading Desk

OKEx to Open Thai and U.K. OTC Trading Desk January 25, 2019 by Paul de Havilland OKEx has announced plans to open an over-the-counter (OTC) trading facility for users in the U.K. and Thailand. The move sees the exchange open the doors for fiat deposits of the Pound Sterling (GBP) and the Thai Baht (THB). Also read: Lightning Network Goes to Congress as Specter of Crypto Policy Grows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts OKEx Winning Hearts, Minds, Pounds, and Baht The unusual combination of…

New Open Source Cryptocurrency Grin Has Deep-Pocketed Donors

New Open Source Cryptocurrency Grin Has Deep-Pocketed Donors January 19, 2019 by Ian Edwards New cryptocurrency “Grin” launched its mainnet on January 15th. Grin is a volunteer-run project that is says it is only interested in getting the MimbleWimble technology — on which it is based — into public usage. But with major funding from multiple crypto investment firms and businesses, it’s unclear what safeguards Grin has in place to ensure the project remains independent. Also read: 10,000 TPS for Unit-e? American Professors Developing Cryptocurrency Subscribe to the Bitsonline YouTube channel for…

Bitfury Enters Music Industry With Blockchain-Based Open Source Platform Launch

Blockchain and Bitcoin mining manufacturer Bitfury announced the launch of a dedicated venture to open source the music industry in a blog post on Jan. 16. The spin-off, dubbed Bitfury Surround, aims to tackle the complex and often unfairly proportioned flows of revenue between artists, fans and middlemen using blockchain technology. The post explains, “The Surround platform will enable the entire music entertainment industry to streamline operations through secure transfer of copyright assets, streamlined connectivity as well as better monitoring and management systems. Surround marks Bitfury’s ongoing expansion into various…

Jason Cox Extends Open Invitation for Assistance With Development and Review of Bitcoin Cash Code

News BCH developer conversations have been taking place ahead of the upcoming May 2019 upgrade. In their latest video meeting, devs agreed that they need to know how much BCH is locked up in p2sh segwit addresses. It was also agreed that Andrea Suisani will take charge of the byte transaction size limit and Mark Lundeberg will review Amaury Sechet’s code on Schnorr signatures. Lastly, Jason Cox extended an open invitation for the qualified to assist with the development and review of BCH code. Also read: Major Mining Pools Have a ‘High…