By CCN: Bitcoin price will hit $ 30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. Chu’s $ 30k price target comes as bitcoin teases the $ 9,000 mark and ticks over a $ 150 billion market cap. “Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are really seeing now is that cryptocurrency is not going away”
A blockchain analyst observed this week that one of the earliest miners of Bitcoin (BTC) has been cashing out a crypto fortune (approx. 30,000 bitcoins) up until the height of crypto mania in January 2018 when the digital gold was trading near $ 20,000 USD. Which begs the question: Who is this mystery trader who just received a nine-figure windfall (perhaps tax-free) that’s comparable in size to the largest lottery jackpots ever?
London-based Antoine Le Calvez (Twitter @khannib) on Sept.
Researchers in Australia announced on Wednesday a successful trial run of next generation blockchain that can reach cross-border speeds of 30,000 transactions per second. Operating on Amazon Web Services’ (AWS) cloud infrastructure, the test potentially paves the way for global enterprise-scale applications of the technology.
Red Belly Blockchain is a project of Australia’s national science agency, CSIRO, in partnership with University of Sydney. According to Sept. 26 statement, the next-gen blockchain provides several improvements including solving the “environmental impact from significant energy use, double spending where an individual spends their money twice by initiating more than one transaction, and throughput, which refers to how many units of information can be processed in a short amount of time.”
The latest trial from the University of Sydney’s Red Belly Blockchain running on Amazon Web Services (AWS) has clocked 30,000 transactions per second with an average transaction delay of 3 secs. Researchers at the University of Sydney in Australia have concluded new trials of a hybrid blockchain that sits between public blockchains like that of
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