Bitcoinist Weekly News Re-Hash: Poloniex Supports Factom, BlockChainGroup.io Revolutionizes Analytics
This week, we saw a significant amount of growth in the Bitcoin price, following several weeks of relatively calm market activity. Starting in the high $230s — carrying on the trend from last week — the price quickly rose to $240 and beyond. Monday, October 5, 2015 kicked off the week with the Bitcoin price at $238.70, riding that mid-to-high $230s range that persisted throughout most of last week. After three hours of very slight decline, the markets gained upward momentum that lasted for the rest of the day. The price reached $240 at 5 PM, and stayed in the low $240s for the rest of the....
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BlockChainGroup.io is a new company in the Bitcoin industry that looks to be taking on the difficult task of making blockchain analytics easier and providing more information. They have been coding from the ground up a new way to search and corollate the data the blockchain provides. The Bitcoin blockchain contains all the data of every transaction right from the genesis block. This data and the connections of transactions contain a wealth of data. While current block explorers provide plenty of data tracking transactions and correlating it, it can be a chore of using multiple sites and....
Last week The Factom Foundation released its latest project development news update. Factom is this year's most awaited project in the cryptocurrency space. The concept behind Factom is a very innovative one since it enables company's to use the technology without ever owning cryptocurrency. Factom is a distributed, decentralized protocol running on top of Bitcoin. The software is open source, and anyone is free to use it for any purpose. The Factom network gives developers the tools to build a new generation of applications that use blockchain technology. Factom uses a data layer on top....
We saw some interesting activity in the Bitcoin markets this week. During the first half of the week, we saw a run-up to $460, followed by a few days that made us think that $460 might be a new sticking point in the market. Those notions were dashed during the latter half of the week though, as the price starting falling on Christmas night, hitting a low of $407. A late-week recovery brought the price back up, though, and overall we saw a 2.63% decline over the entire week. Total Change: -2.63%
Coinapult announced that they have had their hot bitcoin wallet compromised. The amount of BTC they said is 150 coins. The hack comes on the heels of their deal with Factom. Bitcoinist covered the news on their deal. From the article about their working with Factom. Coinapult CEO, Ira Miller, had the following to say: Coinapult melds trustless, blockchain-based tokens like Bitcoin with familiar assets like US dollars. These are notoriously different and incompatible. Factom allows us to bridge the gap by digitally tagging and verifying centralized assets. Factom lets Locks act more like a....
Poloniex, a global cryptocurrency exchange that has been on the scene since 2014, collaborated with APENFT to integrate a one-stop NFT platform. Eddie Jiang, Poloniex Head of Marketing, discussed the reasons behind cooperation and the future development of NFT and metaverse in a recent interview with Bitcoinist. Q: Can you tell us what led Poloniex […]