Binance, the world’s largest crypto exchange, continues to prioritize the price growth of its exchange token, Binance Coin (BNB). 8th #Binance Coin Burn: From the Team $ BNB Allocationhttps://t.co/gJrEj4axyc pic.twitter.com/9YfsF5HQP2 — Binance (@binance) July 12, 2019 According to a recent blog post, Binance plans to relinquish the BNB tokens allocated to its core team, which currently […]
SludgeFeed
As Supply Exceeds Demand, Mining Price War Ignites in Sichuan
This article was originally published by 8btc and written by Chloe Jiang.
The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. As he expected, mining farms in Sichuan currently report that the supply of slots for mining equipment has far exceeded the demand.
The wet season in Sichuan usually begins in April and ends in October every year. During this time, the cost of electricity can be as low as 0.25 yuan for a Sichuan mining farm, which should be very attractive for miners. The price of electricity is around 0.35 yuan in Xinjiang and Inner Mongolia.
Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing Market Supply
Summary:
- The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $ 5,000 levels.
- From an intraday perspective, we have established new support on three separate levels that were previously resistance as the market progresses along its supply and demand channel.
- Macro-wise, we are still sitting in a no man’s land between macro support and macro resistance. The low timeframe has the market consolidating upward with higher lows and higher highs in conjunction with decreasing volume. The next macro resistance level lies at $ 5,600.
Bitcoin Price Analysis: Slow Upward Drift Tests Market Supply
A slow, grinding upward drift has been the name of the game for bitcoin’s market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violently:
Figure 1: BTC-USD, Daily Candles, Upward Drift
Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate
21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. If they have their way, that arbitrary cap will be lifted. For many devout bitcoiners, this suggestion is sacrilegious.
Also read: Quadrigacx Saga: Founder’s Widow Owns $ 5.6m Properties, Hospital Confirms Cotten’s Death
[Guest Post] Blockchain; enhancing security, transparency and trust in the food supply chain
by Catherine Frankum Blockchain and Bitcoin. These two words have been linked closely together since their joint creation in 2009 by Satoshi Nakamoto. Still to this day people confuse them as being the same. However, since 2014, Blockchain has developed into a technology that can be used for many di…
The post [Guest Post] Blockchain; enhancing security, transparency and trust in the food supply chain appeared first on CoinReport.
Forbes and CoinMarketCap Disagree Over XRP’s Circulating Supply
The nature of the supply associated with Ripple’s XRP has long been debated, and now it looks like major cryptocurrency market tracking sites are in disagreement over the circulating supply of the world’s highest-valued altcoin. On Tuesday, Forbes made waves across Crypto Twitter when it announced that it had updated the circulating supply of XRP […]
SludgeFeed
South Korea to Track Beef Through Entire Supply Chain on a Blockchain
A blockchain technology pilot aimed at tracking beef through the entire food supply chain has been announced in South Korea. The pilot will be jointly undertaken by the Ministry of Science and ICT and the Ministry of Agriculture, Food and Rural Affairs, according to Yonhap News Agency. The launch date has been set for next
The post South Korea to Track Beef Through Entire Supply Chain on a Blockchain appeared first on CCN
Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract
MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. There is now 1,000,000 ETH locked in @MakerDAO smart contracts as of this morning 🎉. A
The post Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract appeared first on CCN
TEMCO & LogisticsX Form Global Supply Chain and Logistics Alliance (GSLA)
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned … Continued
The post TEMCO & LogisticsX Form Global Supply Chain and Logistics Alliance (GSLA) appeared first on CCN
SyncFab Takes Blockchain Supply Chain Solution to Service Asian Market Buyers in MOU with C Block Capital
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
The post SyncFab Takes Blockchain Supply Chain Solution to Service Asian Market Buyers in MOU with C Block Capital appeared first on CCN
USD-Pegged Cryptocurrency Tether Returns to Dollar Parity as Supply Sinks
Tether (USDT), the USD-pegged cryptocurrency that spent nearly half of October trading below $ 1.00, finally returned to dollar parity on Monday, though it remains to be seen whether it will stay there amid mounting competition from heavyweight competitors. Tether [Briefly] Returns to Dollar Parity The controversial stablecoin, which is supposedly backed by physical USD at
The post USD-Pegged Cryptocurrency Tether Returns to Dollar Parity as Supply Sinks appeared first on CCN
UN Food Program to Expand Blockchain Testing to African Supply Chain
The U.N. World Food Programme plans to test blockchain for tracking food delivery in East Africa, following a refugee aid pilot in Jordan.
CoinDesk
Andreessen Horowitz Purchases 6% of the MakerDAO (MKR) Supply
Venture capital giant Andreessen Horowitz has made its next major cryptocurrency investment, investing $ 15 million in MakerDAO (MKR), the creator of stablecoin Dai (DAI). OFFICIAL: @a16z crypto purchases 6% of MKR, backing Stablecoin Vanguard MakerDAOhttps://t.co/5gQ67HSevW #Dai $ Dai #MKR $ MKR — Maker (@MakerDAO) September 24, 2018 According to an announcement by MakerDAO, 6% of the total supply of MKR […]
SludgeFeed
ConsenSys Has Begun Using Ethereum to Supply Electricity to Texas
Grid+, a blockchain startup operated by ConsenSys, the largest blockchain software company in the world operated by Ethereum co-creator Joseph Lubin, has successfully started to supply electricity to its clients in Texas. Milestone Reached: Grid+ Texas has begun flowing power to its first four customers! — Grid+ (@gridplus_energy) September 21, 2018 Through the use of
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Bitcoin Core Vulnerability Would Have Allowed Miners to Inflate the BTC Supply
A newly-patched vulnerability in Bitcoin Core was far more severe than initially revealed, developers disclosed in an updated statement on Thursday. Bitcoin Vulnerability More Serious Than Earlier Announced The statement, posted on the website for the open source project, revealed that Bitcoin Core versions 0.16.3 and 0.170rc4 not only patch a denial-of-service (DoS) bug but
The post Bitcoin Core Vulnerability Would Have Allowed Miners to Inflate the BTC Supply appeared first on CCN
Bitcoin Price Analysis: Supply Still Outweighing Demand as Prices Dip
Over the last two weeks, bitcoin saw its longest streak of red days since 2014. The volume was modest and expansive on the drop as the price managed to lose 25% in value in just 10 days. At the time of this article, the market is testing the strength of the support near the bottom of the macro trading range (TR):
Figure 1: BTC-USD, 1-Day Candles, Macro Trading Range
As noted in several previous articles, this is a very important stronghold for the bulls. If support does not manage to hold this support, the market will undoubtedly search lower values in an attempt to garner significant market demand.
94 Companies Join IBM and Maersk’s Blockchain Supply Chain
TradeLens has attracted a wide variety of entities ranging from port operators and customs authorities to logistics companies and even rival carriers.
CoinDesk
Improving Supply Chain Transparency
Ambrosus, a blockchain and IoT platform for quality assurance in food and pharmaceutical supply chains, has announced the launch of its mainnet, AMB-NET 1.0. The mainnet lets companies record public and private supply chain data on the Ambrosus blockchain to ensure product quality. The platform has created a universally verifiable, community-driven ecosystem to guarantee the safety and origins of essential products —such as medicine, food, and commodities — in real time. Organisations will now be able to record their supply chain data through the Ambrosus Network, using the AMB native token, by putting their public data and certain aspects of their private data on the Ambrosus blockchain.
Op Ed: Untapped Potential and Hidden Challenges of IoT and Supply Chains
Applications of blockchains extend far beyond cryptocurrencies. Electronic sensor networks powered by the Internet of Things (IoT) are an untapped platform for deploying the next generation of blockchain technology, which stands to improve operating efficiency in numerous sectors, including manufacturing supply chains.
The key challenge to adopting blockchain technology on a large scale is adequately quantifying the costs and risks of deployment and ensuring security. Blockchains were first adopted in fintech, where products have short qualification cycles and are not safety critical. IoT networks can help to address these hurdles and extend blockchain technology to other sectors that require higher reliability.