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The co-founder of Ethereum, Vitalik Buterin, has been awarded an honorary doctorate by Switzerland’s oldest institution of higher learning, the University of Basel. According to the university’s Faculty of Business and Economics, which awarded Buterin the honorary doctorate, the award is ‘in recognition of his contribution to promoting decentralization and equal rights of participation in
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Within the past 24 hours, the crypto market has added $ 19 billion to its valuation as the price of Bitcoin (BTC) surged to $ 4,300. After dropping to the low $ 3,000 region, Bitcoin engaged in an unexpected price rally, rising by more than 15 percent on a single day. The newly established momentum of Bitcoin allowed
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A new version of Bitcoin ABC’s Bitcoin Cash software has some enhancements that are intended to prevent chain reorganizations from taking place. This is partially in response to “attacks” the network has experienced since the contentious hard fork earlier this month, and partially to prevent a similar situation as was seen in Bitcoin Cash Satoshi’s Vision
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The Idea That Ether Doesn’t Compete with Bitcoin Makes No Sense
Ethereum is the only blockchain that has gained a level of success and notoriety that is anywhere near comparable to what Bitcoin has achieved over the past nine years. The Ethereum platform has attempted to differentiate itself from the other Bitcoin alternatives by focusing on its use as a protocol for smart contracts rather than a form of peer-to-peer electronic cash, and many individuals have gone as far as to say that Bitcoin and Ethereum don’t compete with each other at all. Well, here’s why that makes no sense.
For the first time in a decade, Wall Street has donated more money to Democrats than Republicans, in an apparent bet on the future outcome of the upcoming midterm elections. According to data from the Center for Responsive Politics, bankers have joined the securities and investment industries to give more than $ 56.8 million to Democratic congressional candidates, […]
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There have been numerous concerns regarding Venezuela’s national cryptocurrency. Although this currency has the support of President Maduro, a lot of experts doubt it will ever amount to anything. Despite the overwhelming controversy, the Petro will commence trading on six cryptocurrency exchanges moving forward.
Ever since President Maduro created the Petro cryptocurrency, it has been marred by controversy and doubts. Creating a digital token backed by Venezuela’s oil reserves is very interesting, at least on paper. Unfortunately for the country, its sanctions and imposed embargoes disallow the country from conducting any oil trades with major countries.
Overstock.com’s (OSTK) blockchain venture capital firm, Medici Ventures, has invested in the $ 6 million Series A fundraising round of Minds, Inc., a decentralized, cryptocurrency-driven social network. According to the press release, Minds is a decentralized application built on the Ethereum (ETH) blockchain. The platform leverages an ERC-20 token, MINDS, which lets users boost their content, subscribe to media […]
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Millennial-focused money management startup Emma Technologies is expanding into crypto. The startup is behind the Emma app for iOS and Android, which is an artificial intelligence-fueled tool that until now has only supported financial institutions like HSBC, Bank of Scotland, Barclays and others, helping users to avoid overdraft fees, manage debt and save money. Now
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Palo Alto-based startup BitGo, which develops secure wallets for crypto custody, has raised a $ 57.5 million Series B financing round led by Goldman Sachs (GS) and Michael Novogratz, the CEO of cryptocurrency focused merchant bank Galaxy Digital LP (GLXY). EXCLUSIVE: Goldman Sachs and billionaire @novogratz are investing in crypto custodian BitGo https://t.co/L1wiEZxHr6 — Bloomberg Crypto (@crypto) October 18, 2018 According […]
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Tone Vays, the former Wall Street trader and current controversial crypto figure, has made his first Bitcoin (BTC) trade of the year by taking out a 5x leveraged short position for March 2019 expiry with a price target of $ 5,000. As Promised, my FIRST & PERHAPS ONLY #Bitcoin Trade this Year.Short 1 $ BTCUSD at 5x […]
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Cryptocurrency exchange Gemini has announced that effective Saturday, Oct. 13, at 9:30am EDT, customers will be able to deposit litecoin into their Gemini accounts. The New York-based startup headed by Cameron and Tyler Winklevoss made the announcement on Friday via a post on its website. Anticipated Market Impact In the announcement post, Eric Winer, Gemini’s … Continued
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Bitcoin, along with the wider cryptocurrency market took a tumble as the Dow, S&P 500, and Nasdaq take a beating for the second day in a row.
Bitcoin (BTC) 00 finally decided to make its move after the 50/50 market we’ve had for the past two weeks. The weak volume is a big indication that the market was very indecisive about which way it wanted to move, and also makes the market very high risk. Big orders can cause very big price swings.
The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.
Bitcoin is of course not without its problems. Scalability through the lightning network is causing Bitcoin problems. The network is sluggish and seemingly unable to cope with the growing demand for the cryptocurrency. The Bitcoin blockchain is often slow and hindered by delay, meaning that in terms of adoption, the big pro of the speed of cryptocurrency is reduced to nothing. Bitcoin is now hard to adopt, because it’s no longer a quick solution.
Even though a lot of other cryptocurrencies are seemingly stuck in sideways trading momentum, Maker offers some interesting options for speculators and traders. This often-overlooked altcoin has noted a very strong increase in value over the past few days, and its market cap is on track to hit $ 500m n the coming days. If these gains keep up, things will get very interesting for MKR watchers moving forward.
In the cryptocurrency world, there is no shortage of coins and new currencies. Abra, the popular cryptocurrency wallet provider, is issuing its own token. Unlike what other service providers have done, Abra is linking this token to the Bitwise 10 Crypto index.
It is rather uncommon to see new cryptocurrency tokens being linked to an investment fund. At the same time, one has to wonder why no one thought of this opportunity sooner. Given the growing demand for exposure to all cryptocurrencies, it is only normal service providers look for ways to streamline the investment process accordingly.
Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.” A new whitepaper has also been published showing that the petro is no longer 100 percent backed by oil but is also backed by some of Venezuela’s other resources.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Maduro announced on Monday the official launch of the petro, supposedly an oil-backed cryptocurrency created in February. In a televised address, he said:
The people of Malta and its government have already accepted the crypto world and has even tried to call itself the ‘blockchain island’ of the world.
In an address to the United Nation’s General Assembly, the Prime Minister of Malta, Joseph Muscat has said that he sees blockchain technologies as the tool which can allow Bitcoin and other digital currencies to inevitably gain a widespread appeal and essentially become the future of currency.
Continue reading Malta PM Makes Unavoidable Bitcoin Prediction at Crypto Daily™.
Ripple (XRP) rallied again for an intraday high near $ 0.60 as the San Francisco-based blockchain startup announced the commercial release of xRapid, its cryptocurrency-powered enterprise blockchain product. The announcement makes clear that xRapid is “commercially available and moving into production with multiple customers.” The company’s update names three business customers for xRapid: MercuryFX, Cuallix, and Catalyst Corporate
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Blockchain is enabling the tokenization of physical commodities such as oil (Venezuela’s petro token), real estate and gold (Ekon coin). CARAT token is making its debut this week on Taiwan-based exchange Hotbit and it enables investors to hold digital coins that are backed by real diamonds.
But you may not want to give these tokens to your spouse as substitute for the real thing.
Israeli venture Carats.io is the brainchild of the digitized luxury commodity, and its first exchange listing shows the promise of how blockchain can facilitate efficient cross-border payments and investing in the shiny rocks.
Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented “the world’s fastest cryptocurrency.”
Chaum is widely regarded as the forefather of cryptocurrencies and the wider world of cryptographic security and online privacy because of his pioneering security research work in the ’80s. His academic paper, “Blind Signatures for Untraceable Payments,” laid the groundwork for modern cryptography used in securing blockchains and cryptocurrencies. The “private key” and “public key” framework he laid out decades ago is still the basis for how cryptocurrencies are kept secured in wallets.
