By CCN Markets: On June 18, Facebook and the Libra Association formally announced their plans to release Libra, a crypto asset backed by the Libra Reserve to maintain a stable value. By 2020, Facebook has said it plans to integrate Calibra, a crypto wallet designed to support Libra, into WhatsApp and Messenger, introducing the asset to billions of users worldwide by 2020. According to Michael Levine of Pivotal Research, Libra could see bigger mainstream adoption than bitcoin, especially among merchants due to its stable value. But, are Libra and bitcoin comparable? Bitcoin and Libra Are Not Comparable At CNBC’s Closing
Netflix (NFLX) released its Q4 earnings on Thursday, revealing that its video streaming service now accounts for roughly 10% of all TV screen time in the United States. Despite this incredible accomplishment, Netflix is seeing increasing pressure from a wider range of competitors, including Epic Game’s ludicrously popular Fortnite, which made $ 2.4 billion in 2018 alone. In fact, according […]
News emerged from the White House on Monday that Ivanka Trump, daughter of US President Donald Trump, is to play an essential role in the identification of the US candidate for the recently vacated position as World Bank President. There are reports circulating that Ms. Trump herself has been under consideration for the role. These
The post Ivanka Trump Dominating World Bank Presidency Story, but Do Bigger Concerns Lie Ahead? appeared first on CCN
The Bitcoin price has surged by six percent on the day to $ 4,070, breaking out of the $ 4,000 mark comfortably for the first time since Christmas Eve. Bitcoin’s strength does not convince many traders of a big short-term bull rally. Could Bitcoin Engage in Bigger Rallies in January? With a 20 percent increase in its
The post Bitcoin Surges 5% in Minutes: Can it Lead to Bigger Rallies This Month? appeared first on CCN
Overstock founder and CEO Patrick Byrne is exiting the retail business so he can focus on blockchain because he believes it’s a disruptive technology that will transform the world. “The blockchain revolution has a greater potential than anything we’ve seen in history,” Byrne told Fox Business on Nov. 26 (video below). “It’s bigger than the
The post ‘Blockchain Revolution’ Is Bigger Than Anything We’ve Seen in History: Overstock CEO appeared first on CCN
Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Price Watch: Bitcoin is down 2% to $ 6,333 this week after hitting $ 6,700 last week. The price varied minimally this
The post Big Brokers, a Bigger Circle, and MakerDAO’s Round: This Week in Crypto appeared first on CCN
With Bakkt hitting the headlines for their new Bitcoin Futures contracts announcement, LedgerX are now moving forward with their new Ethereum Futures project, one that could kickstart a new movement within Ethereum offerings, in the same way the first Bitcoin Futures contracts did at the end of 2017. Whilst we don’t expect it to have a such a huge impact on the markets, we can see Ethereum Futures being very beneficial for the future of institutional interest in Ethereum.
When the company that created EOS starts voting for validators, there will be little chance of winning a spot without earning its support.
At press time, bitcoin is retaining its $ 6,100 price from yesterday. The currency fell to this position from $ 6,700 after Japan’s Financial Services Agency (FSA) sent notifications to more than five digital currency exchanges saying that they must heighten their security measures against money laundering after noticing weaknesses in their infrastructures.
Bitcoin has continued to suffer drops over the past week. Its initial slump to $ 6,700 occurred after hovering at the $ 7,600 mark for some time, and now the price is just $ 100 away from its February low. While bitcoin did drop below $ 6,000 during yesterday’s evening hours, things didn’t last, and the coin quickly pushed itself back up to $ 6,100, where it has been ever since.
When it comes to blockchain, it’s all about adoption and Horizon State is smashing it. A network can have great technology with fantastic scaling, innovative consensus protocol, you name it. But if the crowds aren’t coming it’s about as much use as a state-of-the-art website with no visitors.
Australian-based Horizon State has just signed a deal with one of the largest social organizations on the planet to roll out its blockchain-infused voting platform. You may not have heard of it but Nahdatul Ulama (NU) has a membership of 96 million, with over 50 million of them in Indonesia, the largest Muslim-population country in the world.
The rise of solutions like the lightning network suggests crypto can have its cake and eat it too. Transactional scaling may just be the icing.