Enterprise blockchain provider Gem is forging new partnerships in the healthcare sector. First announced at the Distributed: Health 2017 conference in Nashville, Tennessee, earlier this week, the blockchain startup is teaming up with European technology service provider Tieto as well as partnering with the U.S. Centers for Disease Control and Prevention (CDC).“We fundamentally believe that data should not be centralized; it should exist at the edges where it already lives. Gem is partnering with Tieto and the CDC to build Read more …
Month: September 2017
GoldMoney Integrates Bitcoin despite Peter Schiff’s Bubble Comments
Peter Schiff, a renowned investor, author, and financial commentator, who has consistently offered baseless condemnation on Bitcoin, has demonstrated why the demand toward Bitcoin and the cryptocurrency market can no longer be ignored. On social media platforms, Schiff announced that GoldMoney, the parent company of SchiffGold, his gold businesses acquired in 2014, will be offering Bitcoin brokerage services to its clients. Schiff claimed that it is not an endorsement of cryptocurrencies but a response to the growing demand toward Bitcoin. Read more …
Litecoin Creator Charlie Lee Publicly Opposes SegWit2x
Charlie Lee, the creator of Litecoin, a former executive at Coinbase, and a long-time supporter of Bitcoin, has expressed his concerns over SegWit2x and the pursuit of the solution by a group of companies that are trying to alter the Bitcoin protocol without user consensus. Lee stated: “Miners and business cannot change Bitcoin without user consensus. So today, to show my disapproval, I’m adding [NO2X] to my name.” SegWit2x and lack of support from community Initially, SegWit2x was proposed by Read more …
Another Fork? Bitcoin Gold Project Plans to Fork Bitcoin Next Month
News After the hard fork on August 1 that produced Bitcoin Cash, many bitcoiners have been waiting for the possibility of a fork taking place this November with the Segwit2x plan. However, a lot of bitcoin proponents don’t know about another fork called “Bitcoin Gold” (BTG) that’s scheduled to take place on October 25th. Also read: Japan’s Financial Authority to Begin Bitcoin Exchange Surveillance Next Month Bitcoin Gold Plans to Fork Bitcoin and Change the Consensus Mechanism Yes, Read more …
The Ridiculous Amount of Energy It Takes to Run Bitcoin
Illustration: Greg Mably Bitcoin “miners” are electromagnetic alchemists, effectively turning megawatt-hours of electricity into the world’s fastest-growing currency. Their intensive computational activity cryptographically secures the virtual currency, approves transactions, and, in the process, creates new bitcoins for the miners, as payment. And it does another thing, too: It uses an absolutely stunning amount of power. The ever-expanding racks of processors used by miners already consume as much electricity as a small city. It’s a problem that experts say is bad and Read more …
Morgan Stanley CEO: “Bitcoin Is More Than Just a Fad”
The CEO of Morgan Stanley, James Gorman, said that Bitcoin is “More Than Just a Fad.” Bad Publicity For Bitcoin Earlier this month, news emerged about comments from the CEO of JPMorgan, Jamie Dimon, calling Bitcoin a “fraud” and “worse than tulip bulbs.” Shortly after Jamie Dimon made his comments, the London-based algorithmic liquidity provider, Blockswater, filed a report with the Swedish Financial Supervisory Authority (FI) against him for market abuse. Florian Schweitzer, managing partner at Blockswater, said the following in a Read more …
Why Ticketing Industry Needs Blockchain
Time and again we keep experiencing one problem or the other with the current ticketing systems. At times, several people are sold the same tickets, other times bots buy all the tickets and nothing is left for actual attendees. Not to forget the usual tickets touts and their markups. It’s getting more and more difficult for an everyday Joe to buy tickets online. The worst one is when you do manage to get the tickets, but for some reason, the Read more …
Like Mayweather, DJ Khaled Publicizes Ownership of Centra Crypto Debit Card
Celebrity adoption of cryptocurrency is becoming a trend, as American record producer and radio personality DJ Khaled makes public his acquisition of Titanium Centra Card on his Instagram handle. To his fans and followers Khaled says: “I just received my titanium centra debit card. The Centra Card & Centra Wallet app is the ultimate winner in Cryptocurrency debit cards powered by CTR tokens! Use your Bitcoins, Ethereum, and more cryptocurrencies in real time across the globe. This is a Game Read more …
Wall Street Analyst Rejects Jamie Dimon’s Bitcoin ‘Fraud’ Critique
A senior analyst for Macquarie Group has pushed back against some of the criticism of bitcoin coming from Wall Street figures like JPMorgan Chase CEO Jamie Dimon. In a new note to clients obtained by Business Insider, Viktor Shvets, head of global and Asia-Pacific equity strategy for Macquarie, wrote that in spite of any “extreme speculation”, bitcoin relies on a “durable technology that is likely to continue to evolve and strengthen.” Shvetz then directly took on the allegation that bitcoin is a Read more …
Two New Bitcoin ETFs Submitted For SEC Approval
Two new Bitcoin ETFs (exchange traded funds) have been submitted to the SEC for approval by Proshares Capital Management, according to publicly filed Form S-1 documents. The funds, ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF, both intend to purchase derivative contracts for exposure, rather than actual purchase of Bitcoins. According to the filing, Proshares hopes to have a maximum offering price of $1 mln aggregate, and a per share price of $25. The document offers strong disclosure language regarding Bitcoin Read more …
One Satoshi Now Equal To One Venezuelan Bolivar
Venezuelan hyperinflation has now reached the level where one satoshi unit is now equal to a single Venezuelan bolivar. Black market prices for Venezuelan bolivar are now equivalent to 1 satoshi of a Bitcoin. One satoshi, the name given to the 8th decimal place of a Bitcoin, written as 0.00000001 ฿, is the smallest unit of Bitcoin that is transferable. In dollar terms, a satoshi is currently worth $0.0000420842. Further information on the exchange of Bitcoin with the bolivar can Read more …
Bull Trap? Bitcoin Prices Struggle to Build Momentum Above Moving Average
Despite rising again above its 50-day moving average today, the bitcoin-US dollar (BTC/USD) exchange rate is having a hard time gaining altitude. At press time, the digital currency is trading at $4,188, down from a high of $4,269 earlier today; its highest level since September 12. Week-on-week, BTC is up 14.4%, while month-on-month it is still nursing 5.5% loss. Still, with no clear adoption or technical drivers, there is cause for concern that a potential “bull trap” is developing. With Read more …