Blockchain Companies Are Lining Up To Disrupt Global Covfefe

Blockchain Companies Are Lining Up To Disrupt Global Covfefe

Blockchain solutions encroach into various parts of mainstream adaptation today. The attention economy is also beginning to experience increased Blockchain application. "Global covfefe, if we use a term recently coined by Donald Trump, will never be the same." Increasing use case scenarios explain the significant growth being observed in the Blockchain industry, especially with regards to the value of associated cryptocurrencies. A number of Blockchain startups are focusing on decentralized social media content and participation reward that is based on protocols built predominantly on top....


This Chinese Firm is Already Putting Businesses on an Ethereum-Based Blockchain

This Chinese Firm is Already Putting Businesses on an Ethereum-Based Blockchain

VeChain is a subsidiary and in-production blockchain platform of BitSE, a Blockchain-as-Service provider. That’s right – companies are actually using the proprietary, permissioned ledger based on Ethereum in the now. PwC, the multinational professional services firm, recently invested in Singapore-based VeChain S.E.A with hopes of helping to expand the blockchain-product into South East Asia, Australia, and New Zealand. No proof-of-concept, consumers can already buy wine in DIG with the VeChain application, as well as track information about a particular wine. Babyghost fashion clothes....

Breaking: Russia’s Central Bank is Developing a National Digital Currency

Breaking: Russia’s Central Bank is Developing a National Digital Currency

The Central Bank of Russia is testing a number of digital currency pilots toward the development of a national digital currency. Speaking at the 2017 St. Petersburg International Economic Forum today, deputy chairwoman of Russia’s central bank Olga Skorobogatova has, in a significant revelation, stated that the regulator is working on a national digital currency. According to a report by TASS, Russia’s largest news agency, Skorobogatova sees national cryptocurrencies as the future and claimed that it’s merely a matter of time before countries around the world adopt national digital....

UK Residents Now Can Invest in Bitcoin Exchange Traded Notes, ETN

UK Residents Now Can Invest in Bitcoin Exchange Traded Notes, ETN

Clients of Hargreaves Lansdown, Britain’s largest retail trading platform, can now invest in Bitcoin through Exchange Traded Notes (ETN). Taking Bitcoin exposure just got a lot easier for non tech-savvy investors. Hargreaves Lansdown has stated that it had previously received requests from a handful of clients for the ETN. Through the ETN, both retail and institutional investors would be able to take indirect exposure to the price of Bitcoin. Hargreaves Lansdown. Hargreaves Lansdown is Britain’s largest retail trading platform, with over GBP 70 bln of investments and 876,000 active....

(+) The Greedy Leading the Blind

(+) The Greedy Leading the Blind

It’s very exciting to see pictures of shops in Japan and India that are now accepting Bitcoin. If you have any, feel free to tag me on social media. I’m starting a collection. Here’s one of my favorite ones yet. This photo was taken by a Redditor in North Carolina. Despite the American flag in the background and obviously American shops I still wanted to verify the authenticity of this, so here it is: https://www.crabtree-valley-mall.com/stores/bitcoin-dispensary With end users now able to conveniently and instantly convert their government issued paper for real verifiable digital money....

India Sees KYC Blockchain Lift-Off via BankChain Consortium

India Sees KYC Blockchain Lift-Off via BankChain Consortium

India’s BankChain consortium, a working group of major Indian banks developing blockchain solutions completed its first project ‘Clear-Chain’, a platform to share customer data. Clear Chain is the product of a banking consortium led by government-owned State Bank of India (SBI), India’s largest bank, which launched the financial banking blockchain working group ‘Bankchain’ in February this year. Although led by a public-sector bank, the consortium also includes India’s largest banks such as HDFC, ICICI and Axis, among several others. The consortium also includes blockchain specialists and....

Court Denies Ross Ulbricht’s Life Sentence Appeal

Court Denies Ross Ulbricht’s Life Sentence Appeal

The U.S. District Court of Appeals for the Second Circuit has denied Ross Ulbricht’s appeal of a life sentence for his role as the leader of the Silk Road online drug marketplace, according to a court filing. Circuit judges did not agree with Ulbricht’s claims that the district court erred in denying his motion to suppress evidence, that the court denied him a right to a fair trial and denied his motion for a new trial, and that his sentence is procedurally and substantially unreasonable. Silk Road, seized by the FBI in 2013, was considered the most sophisticated marketplace on the....

Britain’s Largest Brokerage Will Offer a Bitcoin ETN Investment

Britain’s Largest Brokerage Will Offer a Bitcoin ETN Investment

Britain’s biggest online trading platform, Hargreaves Lansdown, is to provide customers with the option to invest in Bitcoin by granting access through the form of an exchange-traded note (ETN). The fund, which is provided by Swedish company, XBT Provider, is listed on NASDAQ’s OMX. Retail investors will be able to access the digital currency through their Self-Invested Personal Pension (Sipp) and brokerage accounts. XBT Provider manages Bitcoin Tracker One, which, when launched in 2015, became the first Bitcoin-based security on a regulated exchanged when it was listed on the NASDAQ/OMX....

Top Altcoins Surge As Bitcoin Price Crosses $2400 in Sign of Recovery

Top Altcoins Surge As Bitcoin Price Crosses $2400 in Sign of Recovery

At 11:00 GMT+2 on Thursday, the pioneer cryptocurrency Bitcoin crossed the $2,400 line by appreciating 10.22 percent and recording a market price of $2,419. The aftermath of last weekend's panic has seen the price going up and down like a pendulum. But this morning robust growth has returned to the cryptocurrency ecosystem. There are talks of Chinese exchanges resuming withdrawals and if that is the case then it is a good omen for the industry. For almost four months now, Chinese exchanges have suspended Bitcoin and Litecoin withdrawals. This was supposed to last for just a month when the....

China Trade Resurgence Makes Everyone Rich - Except Ethereum Classic

China Trade Resurgence Makes Everyone Rich - Except Ethereum Classic

Exploding Chinese trading volumes saw cryptocurrencies across the board gaining Thursday - with the notable exception of Ethereum Classic (ETC). While the top eight cryptocurrencies posted increases from modest to giant in the case of Ripple (38 percent in 24 hours), ETC was left floundering. This comes despite news last week from BTCC CEO Bobby Lee that his exchange, which is a major presence in China, would list ETC based purely on consumer demand. Former Ethereum developer Charles Hoskinson even tweeted that he was “extremely excited” at the decision. Fellow Chinese exchanges’ hint that....

Shadow Brokers Dumps Bitcoin for Zcash in ‘Monthly Dump’ Subscription

Shadow Brokers Dumps Bitcoin for Zcash in ‘Monthly Dump’ Subscription

Having failed to win big rewards for the stolen National Security Agency (NSA) hacking tools it auctioned last year, the Shadow Brokers hacking group is now trying to cash in on what credibility it might have left through a new monthly dumping service that accepts Zcash. The group has tried holding a public auction, a crowdfunding campaign and selling individual exploits. Shadow Brokers now wants to see if people will pay a monthly fee for a dump of exploits. They promised the following data and tools in mid-May: • Mobile handset tools and exploits • Compromised data from central banks and....

How to Consolidate Innovative Blockchain Ideas Into One Single Platform

How to Consolidate Innovative Blockchain Ideas Into One Single Platform

Most Blockchain initiatives have a singular goal: to introduce a new Blockchain platform - Ethereum, July 2015; Lisk, May 2016; Waves, January 2017. More recently, projects have begun to focus on launching a more Fintech-focused service linking Blockchain to gold such as Digix Global or Ether ETF, the first ever Ethereum-related Exchange Traded Product (ETP) in the United States. With so much innovation in Blockchain, is there a market to consolidate ideas into a single platform? What about an ecosystem that encourages diversity across many industries with a vision of collaborative....

Covfefe Craze: Trump’s Typo Gets Own Crypto Token

Covfefe Craze: Trump’s Typo Gets Own Crypto Token

Donald Trump’s seemingly erroneous covfefe tweet has sent the Internet into overdrive - including the cryptocurrency sphere. As pundits puzzled over the circumstances behind Trump’s mysterious utterance, Core developer Jeff Garzik was among the first to capitalize on the fallout. In response to his challenge to issue an ERC20 token by the name of “covfefe,” such a token was promptly created. Whether an ICO or similar will become available in the future is yet to be seen. Trump is known for his often provocative Twitter posts, yet has now appeared to have deleted the original covfefe....

CNBC Covfefe: Bitcoin Price Could Hit $100,000 in 10 Years

CNBC Covfefe: Bitcoin Price Could Hit $100,000 in 10 Years

Kay Van-Petersen, an analyst at Saxo Bank, told CNBC that Bitcoin price could hit $100,000 in the next 10 years. Cointelegraph previously reported that the daily trading volume of the cryptocurrency market was nearing that of major stock markets. However, the cryptocurrency market’s trading volume is still only a fraction of leading stock markets such as NASDAQ. In order for the cryptocurrency market to surpass the trading volumes of major stock markets, it has to surpass a trillion dollar market cap. In an interview with CNBC, Van-Petersen stated that Bitcoin alone will most likely....

Why Japan, the World’s Third Largest Bitcoin Market Sees $300 Premiums

Why Japan, the World’s Third Largest Bitcoin Market Sees $300 Premiums

Japan and South Korea, the third and fourth largest bitcoin exchange markets, have seen premium prices ever since the launch of local bitcoin exchanges and markets. Analysts suggest that such arbitrage opportunities exist in Asia’s largest bitcoin exchange markets due to the two countries’ strict Anti-Money Laundering (AML) policies. Ever since the launch of major bitcoin exchange backed by some of the country’s largest multi-billion dollar conglomerates, the South Korean bitcoin exchange market has demonstrated a premium rate of around 15 percent in comparison to other major markets such....

Ethereum Takes Over Ripple With Ease $16 Billion Market Cap

Ethereum Takes Over Ripple With Ease $16 Billion Market Cap

Ripple’s impressive rally didn’t last long and its market cap quickly fell from around $16 bln to $13 bln in less than a week. Ethereum took advantage over Ripple’s instability and took over XRP to reclaim its spot in the rankings as the second largest cryptocurrency or crypto asset, behind Bitcoin. The fierce competition: Ethereum vs. Ripple. Over the past five months, Ethereum and Ripple have been fiercely competing with one another to secure the position of being the largest altcoin in the market. Ripple has been aggressively marketing its partnership with leading banks such as BBVA and....

Beth: A New Generation Closed-End Fund Based on Ethereum & Deep Learning

Beth: A New Generation Closed-End Fund Based on Ethereum & Deep Learning

The Beth Fund is a new generation investment fund, headed by Dr. Seiji Yoshizaki, partner Hayato Takano and a team of four Japanese fintech entrepreneurs. The blockchain-based fund combines their company’s ‘Deep Learning’ practices with the power of Ethereum Technology. As they develop innovative technology, the company is offering an opportunity to investors and cryptocurrency community members to be part of the ecosystem by participating in the ICO. The upcoming Beth crowdsale is expected to go live on June 5, 2017. Participants in the ICO will be allocated a percentage of the total....

Bitcoin Price Hits $2,850 in South Korea, Extreme Premium

Bitcoin Price Hits $2,850 in South Korea, Extreme Premium

Bitcoin price reached $2,850 in South Korea on May 23, due to the rapidly rising demand for Bitcoin and other digital currencies such as Ethereum’s Ether (ETH). While arbitrage opportunities in South Korea always existed since the launch of Korbit, Coinone and Coinhumb, the three leading Bitcoin exchanges in the country, the premium rate rarely went past 10 percent. On May 23, the premium rate on South Korean Bitcoin exchanges nearly reached 30 percent, demonstrating a trading value of $2,850 for Bitcoin, while Bitcoin was being traded in the US and China for around $2,100. The driving....

These Two UASFs Could Activate SegWit

These Two UASFs Could Activate SegWit

Segregated Witness (SegWit), the Bitcoin protocol upgrade proposed by the Bitcoin Core development team, was originally designed to activate via the Bitcoin Improvement Protocol 9 (BIP 9) standard, a hash-power signalling mechanism. This would allow the Bitcoin ecosystem to coordinate the upgrade relatively safely through miner readiness. But with the SegWit proposal in particular, BIP 9 no longer serves just to signal readiness. Miners as well as users increasingly see BIP 9 as a sort of miner vote on the desirability of the protocol upgrade. And some miners even seem to utilize it as a....

Toyota and MIT Partner To Make Blockchain Future Of Autonomous Driving

Toyota and MIT Partner To Make Blockchain Future Of Autonomous Driving

Toyota has partnered with MIT’s Media Lab to examine how Blockchain can improve the “safety, efficiency and convenience” of self-driving cars. In a statement on Monday, the automotive giant’s Director of Mobility Services and Chief Financial Officer Chris Ballinger said the technology held several potential use cases for the future of personal transport. He commented: “Blockchains and distributed ledgers may enable pooling data from vehicle owners, fleet managers, and manufacturers to shorten the time for reaching this goal, thereby bringing forward the safety, efficiency and convenience....

Australian TBSx3 Completes Blockchain Trial to Tackle Fake Goods

Australian TBSx3 Completes Blockchain Trial to Tackle Fake Goods

Australian blockchain company TBSx3 has successfully completed its biggest trial with the innovative technology to tackle the issue of fake goods. In a report from The Australian Business Review, the company employed the use of a 44 alphanumeric character security cryptography to deliver a blockchain-based verification system. This is compared to the six-digit public cryptography that is typically used. A few of the big names within the freight industry also took part such as DP World Australia, DB Schenker and Hamburg Sud while KPMG advised TBSx3 on the trial. The trial involved the....

Bitcoin Enters Top 5 Google Searches, Ethereum At 18

Bitcoin Enters Top 5 Google Searches, Ethereum At 18

Bitcoin has made the top 5 Google search requests Monday, according to data from Google Trends. The results from the US indicate that ‘Bitcoin’ received over 200,000 searches, making it the fifth most popular term. Ethereum made the top 20 results, coming in at number 18. The event marks continued mainstream exposure for the cryptocurrency. While Bitcoin came to prominence during the recent WannaCry cyberattack, interest appears to have remained as that story disappears from the headlines. Monday is ‘sacred’ in Bitcoin circles for a different reason, May 22 being Bitcoin Pizza Day. A....

Greg Maxwell: Bitcoin’s SegWit ‘Redeployment’ Has To Wait

Greg Maxwell: Bitcoin’s SegWit ‘Redeployment’ Has To Wait

Core developer Greg Maxwell has deflated hopes of imminent SegWit activation, saying any redeployment “can’t happen” until the current one expires. Responding to an alleged agreement led by Barry Silbert at the Consensus conference to activate SegWit by September, Maxwell explained this was due to technical reasons of “simplicity and safety.” “So in 0.13.1+ almost all of SegWit is already active, including all the P2P components... the new network service flag, the witness-tx and block messages, compact blocks v2, etc. A redeployment of SegWit will need to redefine all these things,” he....

Bitcoin Price Blitzes Beyond $2,200; USD Markets Reign

Bitcoin Price Blitzes Beyond $2,200; USD Markets Reign

The rampaging run continues as bitcoin price soars above $2,220 to new uncharted heights led by trading in US markets. “Bitcoin Price Could Leap over $2000 in 2017” read a CCN headline citing Danish lender Saxo Bank’s prediction which claimed bitcoin’s price could rise by 165%, due to Trump’s presidency. At the time, bitcoin was trading around $760. They called it. Seven days to the year after the first symbolic bitcoin transaction where an American programmer paid 10,000 bitcoins for two Papa John’s pizzas, bitcoin has marked the occasion by surging to a new all-time high of $2,238, an....

Op Ed: How One Investor Is Riding the Cryptocurrency Token Wave

Op Ed: How One Investor Is Riding the Cryptocurrency Token Wave

I was yanked down the rabbit hole hard and fast when I first caught the Bitcoin Bug in late 2013. Before I even knew what a “blockchain” was I had founded what is now known as the Blockchain Education Network (then called the College Cryptocurrency Network), and was voraciously trading “altcoins.” Back then, the term “altcoin,” which was used to describe any cryptocurrency besides Bitcoin, felt quite suitable. Most of those altcoins, including the most popular still in existence today, such as Litecoin and Dogecoin, were forks of Bitcoin’s code and were merely alternative “coins” with....

ShapeShift Introduces Prism's Trustless Crypto Asset Portfolios

ShapeShift Introduces Prism's Trustless Crypto Asset Portfolios

A ShapeShift Into the World of Trustless Asset Portfolios. “ShapeShift” is a concept describing the ability to change form or identity to adapt to changing conditions. It is also the name of a Swiss-based company that created the world’s first trustless asset portfolio for acquiring digital assets without counterparty risk. Launched today at the blockchain summit Consensus 2017 held in New York, the cutting-edge platform known as Prism seeks to usher in a new age for investors with a thirst for cryptocurrencies. The Prism announcement comes on the heels of record-setting growth within the....

This Might Be The Key Reason Behind Bitcoin, Altcoin Price Surge

This Might Be The Key Reason Behind Bitcoin, Altcoin Price Surge

The first two-quarters of the year 2017 have seen the crypto industry experience a massive growth in awareness and adoption. From a perspective of economics, the high demand for Blockchain products, whether for preliminary investigations or systematic adoption has automatically generated an influx of capital which consequently reflects the value of the tokens of these Blockchains. The growing Blockchain partnerships offers an explanation for the significant increase in market capitalization of various cryptocurrencies and the consequent surge in Bitcoin price and several top altcoins.....

Bitcoin Booms on Pizza Day

Bitcoin Booms on Pizza Day

An American and a Brit made history on May the 22nd 2010, when the former offered 10,000 bitcoins for a pizza. An offer taken by the Brit, who phoned Papa John’s and sent the American the pizza he craved. That was the first real world transaction with decentralized free market money in history, making it an event to celebrate which bitcoiners do every year on this very day. And the day couldn’t be more beautiful here in London. The sky is clear blue, a rarity. In New York City, one of the biggest blockchain conference is about to begin. In Slovenia, they are soon to dive into a massive....

Bitcoin ‘Activists’ Redecorate Bitmain’s Israeli Office With Protest Signs

Bitcoin ‘Activists’ Redecorate Bitmain’s Israeli Office With Protest Signs

A group of men describing themselves as “Israeli Bitcoin activists” ambushed Bitmain’s Tel Aviv office over the weekend. The men, seemingly members of a Twitter group set up last week called ‘Fork your Bitmain,’ posted their activities on Reddit Saturday evening. A video shows the “activists” applying posters to the front door of Bitmain’s office, as well as communal areas such as corridors and a parking lot. The posters appeared to mock the company for the so-called “backdoor” in its mining products known as Antbleed, and warn it is “threatening to execute a Denial-of-Service attack....

AlphaPoint Taps into ICO Popularity With Token Launch Toolkit

AlphaPoint Taps into ICO Popularity With Token Launch Toolkit

Blockchain solutions provider AlphaPoint has announced it is expanding into the market for initial coin offerings, or ICOs. The startup revealed today that it is releasing an Asset Issuance and Custody toolkit that enables the creation of new tokens, utilizing protocols such as 'colored coins' (to build an ICO backed by bitcoin) or ERC-20 for ethereum-based launches. Akin to the firm's white-label exchange software service, the new product provides a host of pre- and post-launch services for ICOs, including the creation of block explorers, community reporting and integration support for....