Month: July 2018

The players’ union for the National Football League (NFL) is partnering with a blockchain startup to help athletes license products on a decentralized network. Announced Tuesday, the National Football League Players Association (NFLPA) plans to encourage its members to provide commentary, livestreams and other content for the FanChain platform, thereby earning revenue for themselves outside the games they play. To that end, the NFLPA has purchased a minority stake in blockchain startup SportsCastr, the company behind FanChain. SportsCastr’s platform allows Read more …

Cryptocurrency exchange Coinbase has announced the appointment of its first-ever chief compliance officer as it moves to become a licensed broker-dealer in the U.S. According to a blog post published on Tuesday, the company is tapping the experience of Jeff Horowitz, who joins the firm following decades working for both banks and regulatory bodies. Horowitz has spent the last 12 years leading the compliance team at Pershing, a BNY Mellon company and also one of the largest providers of brokerage Read more …

News Social media personality and global superstar Kim Kardashian West was given her first bitcoin – in physical form. The entertainment mogul promptly featured her new asset for all the world to see, much to the excitement and amusement of the cryptocurrency community. Also read: Bitcoin ETF Rejection Sparks Firm’s Public Protest Kim Kardashian West Given First Physical Bitcoin “If Only” was a Texas Hold’em poker tournament hosted by gazillionaire philanthropists Irving and Shelli Azoff for the cancer-related charity City Read more …

Key Points Bitcoin price is struggling to break the $8,300 resistance area against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $8,280 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to break the $8,280 and $8,300 resistance levels to climb further higher. Bitcoin price is placed nicely above the $7,850 support against the US Dollar. BTC/USD is likely to surge higher once buyers succeed in clearing the Read more …

The Agricultural Bank of China (ABC), the world’s fourth-largest bank by assets, has issued its first loan on blockchain, local news outlet Financial News reported July 31. State-owned ABC, which counts itself among China’s “Big Four” lenders, revealed it had issued a loan worth around $300,000 backed by a piece of agricultural land in the Guizhou province. According to Financial News, the bank will “buil[d] blocks with local people, pilot land and resources bureaus, and agriculture and animal husbandry bureaus,” Read more …

The Icahn School of Medicine at Mount Sinai has opened a dedicated blockchain laboratory to explore its potential use case in healthcare applications. The Center for Biomedical Blockchain Research (CBBR), as the lab, is called, will scholastically evaluate blockchain-enabled solutions, while providing partnerships and consulting services with companies working on these projects. The solutions in focus at the center will be related to biomedical data management, machine learning, and data governance. The research center will also utilize the opportunity to Read more …

Another county in the U.S. state of Washington has blocked new utility applications from cryptocurrency mining outfits due to concerns over spiking energy demands. According to a local news source on Sunday, commissioners from the Franklin County Public Utility District (PUD) ordered the temporary moratorium to make time for a study on the effects of the growing density of cryptocurrency mining farms on electricity supply in the region. Franklin PUD added that it also plans to propose a new rate Read more …

A popular cryptocurrency analyst and pundit by the name of ‘Crypto Bobby’ yesterday recalled a discussion he had with a “NYC real estate broker” on his Twitter feed, who had apparently “sold a $3M apt in Brooklyn for $BTC when Bitcoin was $270, he took his commission in cash instead…” Since then, Bitcoin’s value has risen exponentially and sits at $8,162.22 at the time of writing. With an overall market cap of $140,227,625,605, according to CoinMarketCap. As such, as Bobby Read more …

Key Highlights Ethereum classic price is trading in a bullish zone above the $16.50 support against the US dollar. There is a crucial contracting triangle forming with resistance near $17.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may perhaps break the $17.20 and $17.30 resistance levels to trade further higher. Ethereum classic price is eyeing more gains against the US Dollar and Bitcoin. ETC/USD has to surpass the $17.30 level to accelerate gains Read more …

After becoming the first financial institution to combine public and private blockchains in a live transaction, Spanish multinational bank BBVA has hit something of a quandary. Specifically, it’s unsure how to take its forward-thinking work … forward. In the process of executing what was expected to be the third in a series of blockchain-based corporate loans, the bank had to work around a lack of legal and regulatory clarity over whether it could (or should) hold the cryptocurrency needed to Read more …

News About four days ago news.Bitcoin.com reported on a dispute concerning the removal of the owner of Bitcoin.org, an anonymous figure known as ‘Cobra.’ At the time a Github contributor opened an issue on the website’s repository, saying that Cobra had become untrustworthy for showing support towards the Bitcoin Cash (BCH) network. Then the CEO of Blockstream and a large swarm of Bitcoin Core supporters insisted the domain should be handed over to someone else. Since then the maintainers of Read more …