Honest online reviews are hard to come by, but Revain aims to harness the power of the blockchain and Ethereum-based smart contracts to create a system of permanent, actual, and transparent reviews. There are a number of metrics that a business can look over as they strive for financial success. Items such as profits, market share, advertising saturation, and costs of production are carefully factored into any decision making. One metric that has become incredibly valuable over the last decade Read more …
Author: admin
JPMorgan Suffers Whiplash as They Say Bitcoin Could be the New Gold
A strategist at JPMorgan Chase now says that Bitcoin could be a legitimate asset like gold even though CEO Jamie Dimon rips into the cryptocurrency. Will JPMorgan suffer whiplash from this constant back-and-forth? Is there a doctor in the house? We could use one as JPMorgan Chase once again does an about-face concerning Bitcoin, which may lead to a case of whiplash. The banking and financial services giant has a dubious history with the popular cryptocurrency, mainly due to their Read more …
Bitcoin Can Pay Your Traffic Fines in South Africa
A traffic fines administrator in South Africa has opened up the opportunity for their clients to pay outstanding fines in Bitcoin. The decision by Cornelia van Niekerk has been sparked by the massive mainstream drive Bitcoin recently felt, sparking many businesses into action to adopt. However, her company, Fines4U, are not adopting Bitcoin in the more traditional sense which has been seen in Japan in the likes, there is no POS system or direct QR payments, rather, this is an Read more …
Bitcoin Could Become the New Gold
Less than a month since CEO Jamie Dimon inaccurately described bitcoin as a “fraud,” JPMorgan has changed its stance on the cryptocurrency. Throughout the past month, analysts and investors in both the cryptocurrency and traditional finance markets have criticized Dimon and JPMorgan for their baseless condemnation on bitcoin. Almost immediately after the company’s CEO called bitcoin a fraud and a bubble, JPMorgan was fined $4 billion for actual fraud in September. “JPMorgan Chase & Co. was ordered by a Dallas Read more …
Ethereum Classic Price Technical Analysis – ETC/USD Remains Bullish
Key Highlights Ethereum classic price made a nice upside move towards $30.00 against the US Dollar. There is a short-term flag pattern forming with support near $27.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might correct a few points, but downsides are likely to be limited by $27.20-27.00. Ethereum classic price is bullish against the US Dollar and Bitcoin. ETC/USD might correct in the short term, but might soon break or retest $30.00. Read more …
Bitfury is Building the ”Largest Bitcoin Mining Operation in North America”
Mining Vancouver’s Hut 8 Mining Corp has announced plans to create “North America’s largest bitcoin mining datacenters”. The ambitious scheme will see the Canadian firm partner with mining specialists Bitfury, who will provide the hardware, software, and maintenance. Subject to necessary funding being raised, the deal is expected to be completed in 2018. Also read: Bitcoin-Based Ethereum Smart Contract and Sidechain Rival RSK Launches America’s Biggest Mining Operation Gets Underway In a statement released December 4, Hut 8 Read more …
Bitcoin ‘Looks Like a Bubble’, We’ll Be ‘Friendly’ to ICOs: Israel Securities Regulator
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The chairman of the Israel Securities Authority joins the bandwagon of critics calling bitcoin a ‘bubble’. Speaking at a public address on Monday, Israel Securities Authority (ISA) chairman Prof. Shmuel Hauser became the latest global financial figure in authority attempting to dampen the frenzied interest surrounding bitcoin, the world’s first cryptocurrency. The official likened the sweeping demand for bitcoin – now among both retail and institutional investors Read more …
SEC Cyber Team Shuts Down Fraudulent ICO
Initial coin offerings have become one of the most popular and easy ways to raise money online through cryptocurrencies. But ICOs have also become a popular way for fraudsters to scam people as the SEC recently showed by filing suit against the ICO by PlexCorps. ICO: A Threat to Venture Capital Firms? Early stage startup funding has been steadily declining over the last couple of months. The main reason behind this is the rapid rise of initial coin offerings. Nowadays, many Read more …
UBS Seeks IP Protection for Smart Contract Blockchain Validation
The world’s largest financial services company is looking into creating more secure computer systems. In a patent application released by the U.S. Patent and Trademark Office last Thursday, UBS explains how it might use a distributed ledger to validate transactions by creating a permanent record of every action committed on the chain. The key advantages a distributed ledger has over traditional technologies is its decentralization and immutability, according to the application. The document emphasizes: “Although a number of non-blockchain-based technologies Read more …
Ripple Price Technical Analysis – XRP/USD Approaching Breakout
Key Highlights Ripple price is trading in a contracting range with support near $0.2440 against the US Dollar. Yesterday’s highlighted short-term contracting triangle with current support near $0.2440 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might soon break the triangle for the next wave either above $0.2550 or below 0.2450. Ripple price is moving in a range against the US Dollar and Bitcoin. XRP/USD is approaching a major break with support Read more …
New York Assemblyman Proposes Digital Currency Task Force
Regulation A few new bills have been proposed by New York state officials concerning the implications of blockchain technology and cryptocurrencies. One of the bills sponsored by the democratic assemblyman Clyde Vanel called bill AO8783 aims to create a “digital currency task force” that plans to monitor the “widespread implementation of digital currencies on financial markets in the state.” Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges New York Officials Want to Create a Read more …
CannaSOS Uses Blockchain To Facilitate Legal Marijuana Transactions
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. With governments legalizing marijuana faster than the financial industry’s ability to support cannabis related transactions, blockchain technology is playing a critical role in the development of the rapidly growing cannabis industry. Canada, which has allowed medical marijuana for the past Read more …