Month: November 2017

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Square’s Cash app, which facilitates payments among friends, recently gave some of its users the ability to buy and sell bitcoin, in a move that according to Sarah Friar, the company’s CFO and operations lead, was about Square’s innovation, not bitcoin’s validation, as the company listens carefully to its customers when new products are launched. Square, which recently surpassed Venmo as one of the most downloaded financial Read more …

Bitcoin’s capacity is limited. Meanwhile, smart contracts can be resource intensive. So even though Bitcoin has always supported basic smart contract functionality, the two have never been a natural match. But a recent topic of research spearheaded by Blockstream mathematician Andrew Poelstra could help fix this. Recently presented as key part of his presentation at Scaling Bitcoin Stanford, “Scriptless Scripts” have the potential to completely move certain smart contracts off of Bitcoin’s blockchain — while still leveraging all of Bitcoin’s Read more …

“Unfortunately, I don’t have anything interesting, intelligent or even funny to say.” That’s no small statement from Wences Casares, the man often credited with waking up Silicon Valley to the opportunity of cryptocurrency. Indeed, Casares’ loss for words appears to be one shared by early adopters and long-time technology enthusiasts as the price of bitcoin approaches $10,000. A milestone long trumpeted as inevitable by the bitcoin faithful, those surveyed by CoinDesk expressed a range of emotions on what it would mean Read more …

The metropolitan government of Seoul, South Korea’s capital, chose Samsung’s SDS to develop a roadmap to apply the technology to blockchain the entire city administration to improve citizens’ convenience and administrative transparency. Samsung SDS, the Korean electronics giant Samsung subsidiary, has won an order from the Seoul metropolitan government to set up an information plan (ISP) for Seoul City Building Innovation Building Solution, the company said. The initiative is essential for the city government’s intention to apply blockchain technology throughout Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin could become a safe haven for investment professionals if the traditional monetary system collapses, says an analyst at prominent social trading platform eToro. Speaking to Russia Today, Mikhail Mashchenko, said: The demand for bitcoin is growing as the crypto market has become less volatile, and an increasing number of professional investors see it as insurance. His comments come at a time when the digital currency market is Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. A new project, Rahakott, was launched. Rahakott is a cryptocurrency wallet that allows anyone to send or receive digital currencies and to monitor their balance. The surge in demand for cryptocurrencies drives demand for solutions Read more …

Regulation The Nigerian Deposit Insurance Corporation (NDIC) has warned Nigerians that they will not be afforded consumer protections when trading virtual currencies. NDIC representatives also reaffirmed that the Nigeria’s monetary regulators are unable to exert influence over the cryptocurrency markets. Also Read: North Korean Citizens Study Cryptocurrencies at Pyongyang University The Nigerian Deposit Insurance Corporation Warns Against Cryptocurrencies Mohammed Umar, the director of research, policy and international relations at the NDIC, has outlined the risks it perceives are Read more …

There is no disputing the fact that the Bitcoin network has scalability problems. Micropayment channels are a solution to increase the transaction rate and speed. Yet, this is not the golden solution … This micropayments solution needs a fixed amount of funds to be locked into each channel’s multisignature wallet and requires a transaction for each channel creation and closure. This hinders the Blockchain network from upscaling to a global payment system because Bitcoin’s capacity is limited. A recently published Read more …

Samsung SDS has announced a lucrative agreement with the Korean government to create a new Blockchain technology-based platform for welfare, public safety and transportation by 2022. The hope is to increase transparency for the government services.   While the nation has banned ICOs, they have been embracing Blockchain technology. The need for technological change has become increasingly clear, as the world becomes technologically interconnected. Hong Won-Pyo, CEO of Samsung SDS said: “Samsung SDS’ Blockchain technology and consulting capabilities will contribute to Seoul’s Read more …

Over the last 7 days, bitcoin has seen further, rapid growth as it manages to squeeze a $2,000 rally leading into its current all-time high in the $9700s — a staggering 25% growth in 7 days. As discussed in previous bitcoin market analyses, the bitcoin market has progressed in a parabolic envelope: Figure 1: BTC-USD, 1 Day Candles, Macro Parabolic Envelope As of the time of writing this article, the current bitcoin market has broken its linear channel (outlined in Read more …

Bitcoin’s price “feels speculative,” according to the chief equity strategist for Nuveen Asset Management. Speaking with CNBC today, Nuveen’s Bob Doll made the remark, becoming the latest traditional finance analyst to point to the speculation in the market. Doll’s comments were driven by bitcoin’s surge to a new all-time high, following its jump above $9,000 this weekend. Speculative aspects aside, Doll added that “it’s been an amazing run” for bitcoin. He told the network: “I confess it’s an area of that Read more …