U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it will file for bankruptcy. US’ largest energy utility firm with a market cap of $ 13+ billion said that the decision was forced by the wildfires which destroyed lives and property in California in 2017 and 2018. Per a BBC report, the utility
Bitcoin price on Tuesday reached a session high on Coinbase at $ 3,586 but remained in the fears of a potential reversal action overall. Ahead of the US session so far, bitcoin’s opening and closing positions today have remained very close to one another, as indicated by the small candlestick. Called a Doji candlestick formation, this
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5G, the fifth generation of cellular mobile communications, will soon emerge onto the scene, offering reduced latency, energy savings and cost reduction. In an effort to get ahead of the game, Verizon (VZ) recently launched the world’s first commercial 5G network in four markets: Los Angeles, Sacramento, Houston and Indianapolis. While the technology is still early, Verizon believes that […]
The price of Bitcoin (BTC) has increased by more than eight percent in the past 24 hours, as the dominant cryptocurrency recovered to $ 4,000. On fiat-to-crypto exchanges like Coinbase and Bitstamp, Bitcoin is yet to surpass $ 4,000 mark but on crypto-to-crypto trading platforms, the price of BTC hovers at around $ 4,100. Fueled by the corrective
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Bitcoin-built smart contract platform RSK (a.k.a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond.
The company has been acquired by RIF Labs, a development lab that was established by a handful of RSK’s own founders, including CEO Diego Gutierrez-Zaldivar and Chief Scientist Sergio Demian Lerner, who will both assume the same roles at RIF.
“The RIF Labs founders also comprised renowned professionals with decades of experience in the financial and legal realms such as Alex Aberg Cobo (RIF’s CFO), Malcom Pale and Joey Garcia (Advisors),” according to Gutierrez-Zaldivar.
Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said ethereum could be a “powerful platform” whose untapped potential is off-the-charts. Schmidt made the remarks during a live event with economist Tyler Cowen hosted by Village Global in San Francisco. In the wide-ranging conversation, Schmidt discussed the future of … Continued
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Wrapped Bitcoin is a new innovative token which aims to bridge the gap between both the Ethereum and Bitcoin blockchains. Working as a joint venture between BitGo, Kyber Network and Republic Protocol Wrapped Bitcoin was launched on the 26th October 2018.
The new Bitcoin ERC20 token will bridge the worlds of the two leading crypto assets in the idea that it will basically allow Bitcoin to be traded against other assets on Ethereum-based decentralised exchanges, bringing liquidity from Bitcoin to Ethereum and allow for a whole new suite of Ethereum enabled Bitcoin applications.
As stated by CryptoGlobe:
Afri Schoedon, an Ethereum developer at Parity Technologies, said that the network cannot rely on Infura to process 10 billion requests per day. Created by Michael Wuehler, an author at ConsenSys and NYC Ethereum founder, Infura is an infrastructure that allows decentralized applications (dApps) to process information on the Ethereum network without running a full
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The Bitcoin network appears to be under attack once again. No malicious miners are colluding to take over the network, albeit a new flood of transactions might cause some concerns. Samourai Wallet dubs this as a “dusting attack”, which can have troublesome consequences for those masking their tracks through extra privacy features and services.
The Latest “Dusting Attack” on Bitcoin
It has been well documented how Bitcoin natively lacks both privacy and anonymity in this day and age. Even though a lot of government officials will gladly claim otherwise, Bitcoin’s network is very transparent despite not sharing any real user information right away. Additional privacy solutions exist, such as specific wallets, mixers, and so forth.
Herman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to five years to mature.
Eric Larchevêque, CEO and co-founder of cryptocurrency hardware wallet-maker Ledger, has won a French award for the startup leader whose model has the greatest potential internationally.
The prestigious regional prize in Ernst & Young’s (EY) 26th Entrepreneur of the Year 2018 awards, located in France, is “Startup of the Year.” Ledger’s Eric Larchevêque can lay claim to this award, as well as the “Born Global Award” for the international potential of his startup Ledger.
International Success for Ledger
Ledger’s potential has already turned into an international success. A few days ago, the reputable cryptocurrency hardware wallet manufacturer announced that it had achieved sales of 1.3 million units.
On October 16, a Bitcoin user moved 29,999 BTC worth $ 194 million with a $ 0.1 fee, a transaction which with banks would cost tens of thousands of dollars. An often pushed narrative against cryptocurrencies like Bitcoin and Ethereum is that it is expensive to clear transactions due to fees sent to miners. However, the $ 194
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The European Securities and Markets Authority (ESMA) is assessing every single ICO operating within its jurisdiction, Reuters reported on Oct. 8. ESMA chair Steven Maijoor — who warned crypto investors in Jan. 2018 that they could potentially lose all of their funds by investing in initial coin offerings (ICOs) — said that he had been observing the current regulations
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Six months after valuing itself at $ 8 billion, San Francisco-based cryptocurrency giant Coinbase is in talks to close a $ 500 million funding round at the previously self-assigned valuation. According to a breaking report by Recode that cites insiders familiar with the matter, Coinbase is in talks with Tiger Global, a U.S.-based hedge fund, and its existing […]
We all know that blockchain technology has huge implications for the gaming industry. The blockchain has the ability to revamp game ownership, game downloads, licensing, progress storage and even gameplay itself. The Blockchain Game Alliance (BGA) are the latest group working towards fostering new gaming technologies within the blockchain, and see’s the alliance of such gaming magnates as Ubisoft, ConsenSys and more.
BGA want to create a common approach in the development of blockchain technology for gaming.
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Ten years on from the launch of the original cryptocurrency, bitcoin, there are thousands of cryptos in existence today, each with a unique function. Which of them are
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Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $ 6,800s:
Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to Markup
This shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $ 6,800s. Sitting atop its most recent rally is what appears to be a reaccumulation trading range shown below:
Figure 2: BTC-USD, 15-Minute Candles, Reaccumulation Trading Range
Over the past few days, officials at PricewaterhouseCoopers have extolled the popularity and utility of blockchain technology.
Big Four auditor PricewaterhouseCoopers (PwC) has played a heavy role in the world of blockchain.
Earlier in the month, Bitcoinist reported on a PwC company survey that cited issues like scaling, compatibility, and regulatory uncertainty as barriers which still serve as a roadblock to industry growth.
Many of these same sentiments were echoed by PwC Blockchain head Grainne McNamara in a Bloomberg interview on September 18th.
The price of Litecoin (LTC), the cryptocurrency often considered the silver to Bitcoin’s gold, recently bounced off a major technical support line after staging a full retrace from last year’s incredible bull run. Last week, Litecoin broke through $ 50, hitting a 12-month low of roughly $ 47.5, which was last seen in September of 2017. However, several major […]
In less than a month, Bitcoin will turn ten years old. Bitcoin, along with the cryptocurrency market has surpassed several milestones since Satoshi first released Bitcoin’s whitepaper to the public. There are now approximately 17 million bitcoins in circulation, as well as numerous other tokens available to trade and transact with – as of August 2018, more than 1600 cryptocurrencies are in circulation.
ICOs have also become an established fundraising method, with the first quarter of 2018 recording a historic high of $ 6.3 billion – around 118% of the total amount raised in 2017. The Crypto ATM market alone is expected to grow from $ 16.3 million in 2018 to $ 144.5 million by 2023, this lends credence to the idea that the way financial transactions are undertaken is bound to shift.