Month: February 2018

Automobile manufacturer Porsche is exploring Blockchain apps in its vehicles in cooperation with the Berlin-based startup XAIN, Cointelegraph auf Deutsch reported yesterday, Feb. 27. In their press release published Feb. 22, Porsche stated that the company is “the first automobile manufacturer to implement and successfully test Blockchain in a car.” Possible applications for Blockchain technology range from locking and opening car doors via an app, with the possibility for temporary access authorization, to new and improved business models through encrypted Read more …

Cultural Places, a platform specializing in connecting cultural institutions and visitors is vowing to clamp down on ticket touts through Blockchain technology. The Austrian Company wants to tackle the inflationary effect touts have on the secondary ticket market by introducing its own cryptocurrency – the Cultural Coin. The coin, based on the Ethereum framework will allow consumers to buy tickets directly from museums, music venues and tourist sites, while providing a transparent venue for resale if they are unable to Read more …

Digital currency exchange and wallet service Coinbase has resolved the issue of intermittent availability for BTC buys and sells, the platform reported today, Feb. 28 at 08:24 PST. It took the Coinbase maintenance crew almost seven hours to investigate and fix the issue where one of their processes was “causing Bitcoin buys and sells to become temporarily unavailable”. The platform announced the system outage on its official Twitter account today at 1:53 a.m. PST: [status] Investigating: A recurring issue with Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Digital payments firm Square views Bitcoin as a “transformational technology,” and analysts predict that the company could one day launch a cryptocurrency exchange. Bitcoin a ‘Transformational Technology,’ Says Square CEO Jack Dorsey The company made waves last year when it announced that it was launching a Bitcoin trading pilot program through Cash App, the firm’s peer-to-peer transaction platform. A month ago, Square released the feature to virtually Read more …

The chief investment officer (CIO) of the Investment Strategy Group at Goldman Sachs, Sharmin Mossavar-Rahmani, said in an interview with Business Insider on Feb. 27 that cryptocurrencies are in a bubble, which, when it bursts, will impact only 1 percent of global GDP. Mossavar-Rahmani, who guides investment strategy for clients with over $10 mln in assets, said that cryptocurrencies are “the hot topic” among her clients and colleagues. She said that Goldman Sachs acknowledges the opportunities that can be brought Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Big things are happening over in Zuffenhausen, Germany, headquarters of Porsche. According to a Porsche press release, the automobile powerhouse is making a major push towards integrating blockchain technology into its cars. In a partnership with XAIN, a tech startup located in Berlin, Porsche is reportedly working on developing blockchain applications with its cars. Things like locking and unlocking a vehicle, parking, or even enterprise usage such as loaning Read more …

Co-founder and Fundstrat strategist Tom Lee has repeated his prediction that Bitcoin (BTC) will reach $20,000 by mid-year and $25,000 by the end of the year. He also expects at least three publicly traded corporations to issue their own cryptocurrencies in 2018, writes CNBC, citing Lee’s Feb. 28 Fundstrat report. Lee’s price prediction reiterates comments he made in early January 2018, predicting Bitcoin could “easily double” this year. Despite BTC now trading at almost 53 percent of its December, 2017 Read more …

Germany won’t tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said. The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes – which means that if an American buys a cup of coffee with bitcoin, it’s technically considered a sale of property and potentially subject to capital gains tax. Instead, Germany will regard bitcoin as the equivalent to legal Read more …