Month: November 2017

There is an increased focus on blockchain-based financial platforms. One of the companies worth keeping an eye on goes by the name of Zilliqa. The project recently appointed two Fintech veterans as advisors. Moreover, the company performed experiments to process 2,488 transactions per second on the testnet. This high-transaction rate blockchain platform is continuing to make waves in the blockchain and financial sectors. Good things are happening for Zilliqa as we speak. Earlier this month, their testnet trial was successful Read more …

SINGAPORE, NOVEMBER 09, 2017 – “Growth is never by mere chance: it is the result of forces working together” James Cash Penney. Since the announcement on October 15, 2017 by fidentiaX on building the World’s 1st Marketplace for Tradable Insurance Policies powered by Blockchain Technology, the community around the project has grown exponentially over the last few weeks. The project has received strong endorsement from various stakeholders and the community whom seek the disruption potential of the project. A significant Read more …

Police in Canada have issued a warning over a bitcoin tax scam after more than 40 York region residents fell victim to fraudsters. According to a report by CBC News, York Regional Police said that victims lost as much as 340,000 Canadian dollars (US$267,000) through the scam. The fraudsters, who identified themselves as employees of the Canada Revenue Agency, threatened the victims with arrest for unpaid taxes if they did not send funds using bitcoin ATMs. York police’s Det. Const. Rob Read more …

Highly regarded Bitcoin Core developer and cryptocurrency consultant Peter Todd has criticized the cancellation of the SegWit2x hard fork and the “waste” of resources used throughout the development of the software. Cancellation of SegWit2x On November 8, the development and deployment of the SegWit2x hard fork were officially terminated, with the release of an official statement from BitGo CEO Mike Belshe to the SegWit2x Mailing List. The statement was co-signed by leading businesses within the bitcoin industry which participated in Read more …

Professional services major Deloitte claims that over 26,000 new Blockchain technology-based projects were launched on the code repository GitHub in 2016. GitHub is a development platform that houses codes for more than 86,000 Blockchain programs, including large projects such as Bitcoin. In its report titled “Evolution of Blockchain Technology: Insights from the GitHub Platform,” Deloitte claimed that the number of Blockchain projects by both organizations and individual users at the development platform in 2016 is the biggest so far. By Read more …

News After making a prediction that bitcoin would be $10K by 2018, the American venture capitalist, Tim Draper, is still bullish about cryptocurrencies. In fact, Draper believes digital assets like bitcoin will be so prominent that using fiat currencies in five years will be considered laughable. Also Read: The World’s Largest FX Exchange Hopes to Tame Bitcoin Volatility  Tim Draper: “In Five Years Bitcoin Will Be So Relevant — There Will Be No Reason to Use Fiat Read more …

It is early Wednesday morning in Europe and we are about to kick off our day of trading in the bitcoin price. Things have been extremely volatile over the last 24 hours against a backdrop of some fundamental inputs (we are looking at you, SegWit2X) which wasn’t unexpected, but the specific impact of the inputs in question was – until it happened – difficult to predict. As it turns out, we saw a pretty steep decline in price early on Read more …

SegWit ‘Death’ Challenge: BitPico Vows To Fork As Bitcoin.com Goes 100% Bitcoin Cash SegWit2x may still happen, rumors suggest after its cancellation as Roger Ver’s Bitcoin.com goes full Bitcoin Cash. While the community reacted to the ‘death’ of the hard fork, its ghosts are already haunting Bitcoin as previously unknown entity BitPico vowed to continue “regardless.” “We are carrying out the fork regardless as everything is set in motion. Backing down the difficulty right now is a strategy,” BitPico wrote Read more …

Multinational air transport IT firm SITA has released a white paper detailing how airlines and airports could use smart contracts for shared control of data. The paper outlines research carried out by SITA, along with British Airways and Heathrow, Geneva and Miami International airports, into smart contracts residing on a blockchain. In its research on the applicability of the technology for the air transport industry, SITA built a private permissioned blockchain, called FlightChain, that stores flight information and uses smart contracts to Read more …

French banking major Societe Generale CEO Frederic Oudea says that the digital currencies like Bitcoin face an uncertain future because of their anonymity. He claims that the virtual currencies are unlikely to survive in the long term as governments around the world introduce steps to regulate them. In a CNBC interview on the sidelines of the Web Summit conference held in Lisbon, Portugal in early November 2017, Oudea said that the main benefit of Bitcoin and the other cryptocurrencies is Read more …

Key Points Bitcoin cash price after a decent upside move struggling to break the $645 level against the US Dollar. There is a bearish trend line forming with current resistance at $640 on the hourly chart of BCH/USD (data feed from Kraken). The price might continue to trade in the $580-640 range before the next move. Bitcoin cash price is trading near the $645 resistance against the US Dollar. BCH/USD has to break $645-650 to gain further momentum. Bitcoin Cash Read more …