Month: April 2018

Here’s what happened this week in Bitcoin in 99 seconds.   Over 600 Bitcoin users are pursuing a class action lawsuit against Roger Ver, one of the dominant figures behind Bitcoin Cash. Ver’s site Bitcoin.com recently began listing Bitcoin as “Bitcoin Core” and Bitcoin Cash as “Bitcoin,” which many in the Bitcoin community regard as outright deception. The Government of Iran instituted a ban on all cryptocurrencies. Iran’s currency, the Rial, has been depreciating rapidly amid increasing diplomatic tensions with Read more …

The Industrial and Commercial Bank of China (ICBC), one of the country’s four largest state-owned commercial banks, is exploring a way to authenticate digital certificates and store data in a sharable blockchain. According a patent application filed with China’s State Intellectual Property Office (SIPO), the bank aims to use a blockchain system to improve the efficiency of certificate issuance and save users from repetitively filing the same document to multiple entities. The technology, based on the patent, touts a system Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. New Zealand’s largest bank ANZ, with tech partner IBM, has successfully developed a blockchain solution that will serve as a ‘single source of truth’ for insurance companies and brokers. The Australia and New Zealand Banking Group (ANZ) has concluded a successful proof of concept using blockchain technology to make data transfers more efficient with faster, more transparent payment reconciliation between brokers and insurers in the insurance Read more …

Blocktower Capital has expanded once again by poaching the executive ranks at Goldman Sachs as the migration from Wall St. to crypto land continues. Blocktower Stacks Executive Rolls from Goldman’s Ranks Blocktower Capital is one of the most prominent of over two hundred hedge funds in the booming crypto space right now. Founded in April 2017 by Ari Paul and Matthew Goetz who was previously in Goldman’s asset management division Blocktower has attracted several high-level executives away from the legendary banking firm. Steve Lee a Read more …

Services An increasing number of stores have started accepting bitcoin cash (BCH) and a few other cryptocurrencies. This bitcoin cash adoption roundup features five vendors that recently started accepting the digital currency including a brand new cafebar dedicated to 15 cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coins Crypto Cafebar Japan is a leader when it comes to the number of merchants accepting cryptocurrencies since its Payment Services Act, which went into effect in Read more …

Payments giant Mastercard wants to patent a way to quickly add new nodes to a blockchain network, new filings reveal. In a patent application published Thursday by the U.S. Patent and Trademark Office, the company outlines a method by which nodes can connect with and verify the contents of a particular blockchain. Per Mastercard, the idea is to boost the speed at which the nodes – which store a copy of that network’s transaction history – can get up to Read more …

Stirring a cup of coffee gave a Stanford physicist insight into the way cybersecurity and bitcoin work, and how it may be improved. Coffee Swirls Give Insight into the Workings of Cryptocurrency Standford applied physics doctoral student William Gilpin described a parallel in the principal dynamics between a swirling liquid and transactions in cryptocurrencies like Bitcoin in a study published April 23 in Proceedings of the National Academy of Sciences.  Gilpin claims in the study that understanding the parallels between the natural processes Read more …

As we enter another week in crypto land markets have retracted slightly and negative momentum has caused a correction once again during Asian trading. Total market capitalization has remained well above $400 billion but has fallen a little on the day. Bitcoin has fallen slightly over the past 24 hours dropping 1.65% back to just over $9,300 which is still in positive territory. Altcoins are mostly in the red this morning as traders take profits which is a natural part Read more …

Key Highlights ETH price gained traction recently and moved above the $680 resistance against the US Dollar. There is a key connecting bullish trend line forming with support at $680 on the hourly chart of ETH/USD (data feed via Kraken). The pair is positioned nicely above the $680 support and the 100 hourly simple moving average. Ethereum price is back in a bullish zone against the US Dollar and Bitcoin. ETH/USD may continue to move higher and it could soon Read more …

Key Points Bitcoin cash price completed a downside correction and recovered above $1,400 against the US Dollar. There is a rising channel forming with support near the $1,380 level on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may perhaps continue to rise further as long as above $1,350 and the 100 hourly simple moving average. Bitcoin cash price is slowly moving higher towards $1,500 against the US Dollar. BCH/USD is likely to accelerate further Read more …

ING is out to prove that startups aren’t the only ones that can advance blockchain cryptography. Rather than waiting on the sidelines for innovation to arrive, the Netherlands-based bank is diving headlong into a problem that it turns out worries financial institutions as much as average cryptocurrency users. In fact, the bank first made a splash in November of last year by modifying an area of cryptography known as zero-knowledge proofs. Simply put, the code allows someone to prove that they Read more …