From buzzword to industry-disrupting technology, blockchain technology continues to a significant topic of interest around the world. Even with the current decline in the cryptocurrency market, major corporations still seem intent on investing in the emerging technology. Blockchain Technology Isn’t Going Away Writing for Forbes, Yoav Vilner says that the prevailing consensus is that blockchain...Live Bitcoin News.
11/20/2018 / 18:00:05
Published on CoinnounceAfter a total ban on cryptocurrencies, India may now decide to draft a regulation for cryptocurrency operations in the country. Indian cryptocurrency companies took the RBI (Reserve Bank of India) to the supreme court of the country for banning cryptocurrencies such as bitcoin and prohibiting banks to deal with any crypto related activities. Panel […]The post India to regulate cryptocurrencies: Is a bull market foreseen? appeared first on Coinnounce.
11/20/2018 / 16:51:32
Adoption | Cryptocurrency | India | News | Regulation | Trading | bitcoin india | Bitcoin Regulation India | cryptocurrency | cryptocurrency india | cryptocurrency regulation | india | India BTC | RBI | reserve bank of india | Subhash Chandra Garg | unocoin | WazirX | Zebpay | | Trading|Market|Regulation|Fiat|BTC
When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory. Soon enough, I realized that the reserve banking system was systemically corrupt. How can you have money based only on debt? How can central banks print debt out of nowhere and demand interest for that?It was a question that caused me to create the world’s first website where people swapped clothes online, in an attempt to enable people to stop using fiat debt certificates. I soon realized that swapping was a terrible way to trade. For instance, if Alice really likes a dress from Belinda but Belinda doesn't like anything Alice has, then the deal falls through. That's unfortunate. So then, how do I create a digital token that is used in the market so Alice could just pay Belinda a token for the dress that Belinda can trade with anyone else in the marketplace? Hmm, I thought. But if I issue the website’s own internal currency then I'm back to central banking, back to one company deciding what's good for the economy, inflation and everything else would be up to me. We built Swapstyle as an alternative economy based on swapping, as a tool to get around fiat — not become a new fiat. The more I thought about swapping and alternative currencies, the more I realized that money ne...
11/20/2018 / 16:26:12
It seems as if the end may be near when it comes to determining regulations, or even some semblance of clarity, for cryptocurrencies in India. This comes after months of delays, controversial statements, and, of course, the infamous ban. According to Quartz India, next month could see the government present its draft cryptocurrency regulations. This is...Live Bitcoin News.
11/20/2018 / 16:00:41
Beijing Lianhuo Information Service, a subsidiary of virtual currency exchange platform, Huobi, recently created its Communist Party Committee. Huobi becomes the first Chinese cryptocurrency company to establish a branch of the nation’s Communist Party. First Communist Party Committee by a Chinese Crypto Company According to the South China Morning Post, a subsidiary of cryptocurrency exchange...Live Bitcoin News.
11/20/2018 / 03:30:30
Indonesia is the latest country that looks set to benefit from blockchain technology. Its Jakarta Futures Exchange is partnering with two Australian platforms to develop a more secure and efficient financial solution. It’s no secret that Australia is fully embracing blockchain technology. From assisting in the creation of the world’s first completely blockchain-based bond to...Live Bitcoin News.
11/20/2018 / 02:00:10
Bitcoin mining hardware manufacturers seem destined to be unable to complete their IPOs in 2018. A few days ago, Canaan creative allowed its filing to elapse signaling similar issues with other such companies with ICO plans. 2018 IPO Unlikely In the middle of the year, it seemed all the big Bitcoin mining companies would go...Live Bitcoin News.
11/20/2018 / 00:30:13
A recent report from ''Big Four” auditor, KPMG, details the key challenges facing cryptocurrencies, and importantly notes that digital assets are a ''big deal.” The report comes as institutions and corporations are becoming increasingly interested in cryptocurrencies as an investment class. The KPMG report opens with a section titled ''Cryptoassets are a big deal,” explaining that despite...NewsBTC.
11/19/2018 / 22:00:44
According to the chief executive of a global design software giant, blockchain-based technology can bring an opportunity to substantially reduce the corruption in the construction industry, while also decreasing the lack of trust between different players. ‘Corruption in the Construction Industry is Not Uncommon’ Speaking to journalists at the Autodesk University event held in Las...Live Bitcoin News.
11/19/2018 / 21:00:38
Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. Back in 2013, he was the founding chairman of the Bitcoin Foundation’s education committee and established the Cryptocurrency Research Group.In an interview with Bitcoin Magazine during the recent StartEngine Summit, Hoskinson began by saying that he views Bitcoin as a series of experiments to try and realize two key concepts:“Can we achieve a decentralized form of value transfer or some sort of proto-money, and, instead of having a central entity issuing a token and securing it, can we release something decentralized with a secure ledger? And, if that happens, will it achieve real value in the marketplace?” In the early days, said Hoskinson, it wasn’t clear if this thing was going to survive or not. “It actually took several years for that to turn into the bitcoin we know and love,” he said. “It had huge volatility in price. The volume would be $1,000 a day, the hashrate would go way up and way down. Some people would say, ‘Eh, I don’t wanna mine anymore.’ They’d turn their computer off, and the network would lose 30 percent of its hashrate.” But the sea of change for Bitcoin took place in 2013. “As the market cap hit one billion, people started taking it really seriously. Many people entered the space, and, at tha...
11/19/2018 / 20:08:07
Bitcoin’s main network implementation of the Lightning Network has recently reached a new all-time capacity high, passing 4,000 nodes for the very first time. 333 BTC Capacity The so-called “second layer” payment protocol which operates on top of the existing Bitcoin network, the Lighting Network (LN), has recently surged in capacity of more than 333...Live Bitcoin News.
11/19/2018 / 15:00:52
From being accused of operating an exit scam to recently raising millions in their first round of funding, KuCoin has come a long way in just a few months. The cryptocurrency exchange, which is based in Singapore, has previously been suspected by some of being a scam due to a misunderstanding relating to the location...The post KuCoin Exchange Raises $20 Million in First Round of Funding appeared first on Live Bitcoin News.
11/18/2018 / 23:00:57
The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain accepts […]Bitcoin News.
11/18/2018 / 20:45:17
Published on CoinnounceErol Yarar, the chairman of the international business forum has suggested all Islamic nations to adopt the cryptocurrency system for transactions with each other rather than adopting the US Dollar as according to him the US Dollar is used as a weapon by the United States to wreak economic havoc. Calling US Dollar a […]The post Bitcoin is Halal? Will crypto rise with mass Muslim adoption? appeared first on Coinnounce.
11/18/2018 / 19:14:38
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Leading European stock exchange SIX Swiss Exchange will list the world’s first crypto exchange-traded product next week
11/18/2018 / 08:08:00
Published on CoinnounceThe world’s first Cryptocurrency ETF has been approved by the Switzerland authorities which will start trading on SIX, the 4th largest exchange in whole Europe which has a market capitalization of over $1.6 trillion. ETF offered by Amun AG Amun AG, a cryptocurrency startup is offering the fund that will allow the institutional investors […]Coinnounce.
11/18/2018 / 07:32:01
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The U.K. needs to take the lead in ''fostering innovation” in the crypto space, according to the chair of CryptoUK, who suggested Bitcoin has the potential to change global institutions. No Reason Why It Can’t That’s according to Iqbal V. Gandham, managing director of eToro. He’s also chair of the UK Cryptocurrency Association (CryptoUK). In a report...Live Bitcoin News.
11/17/2018 / 03:00:55
Keene, New Hampshire is well known city for libertarian philosophies and more recently as a hotbed for cryptocurrencies. On Monday, Nov. 12, crypto advocates from the region have announced the launch of a new educational center called the Bitcoin Embassy New Hampshire. Also Read: Libertarian Hotspot the Free Keene Project Bolsters More Crypto-Adoption New Hampshire Bitcoin […]Bitcoin News.
11/17/2018 / 02:30:20
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Three international financial institutions are looking into the benefits of using distributed ledger technology (DLT) to improve cross-border payment processes. Traditional cross-border payments can be expensive. While financial institutions may stand to benefit by charging fees and commissions, it tends to be the consumers, who are forced to pay these fees, that suffer. In some...Live Bitcoin News.
11/17/2018 / 01:00:46
Altcoin News | Blockchain Technology | Financial Technology | Industry and Adoption | News | bank of england | canada | Cross-border payments | Distributed Ledger Technology | Monetary Authority of Singapore | remittance | | Technology|Wallet|Asia|BTC
The Lightning Network continues to post steady growth.According to data from 1ML, the network is now supported by roughly 4,069 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node (at time of publication). Most of this growth has come in the later half of 2018, as the average age of each node is just 137 days old.With infrastructural growth, the network is also seeing an uptick in liquidity. The network’s collective capacity now stands at 198.32 BTC, which, at bitcoin’s current price, means the Lightning Network holds over $1 million worth of bitcoin for the first time in its less-than-one-year history. The average capacity for each node and payment channel comes in at 0.114 BTC ($633) and 0.019 BTC ($107) respectively, and with transaction fees at 1 sat (roughly $0.000056), the network’s promise to deliver low-cost microtransactions is holding up.A long-awaited development in the cryptocurrency space, the progress of the Lightning Network has been watched with great interest by the community. Heralded as a potential solution to Bitcoin’s the scalability problem, the Lightning Network operates as a secondary layer on top of Bitcoin’s base network. After its launch in early 2018, the Lightning Network saw immediate interest from developers, who began building various Lightning applications on the network. Alongside its use as a secondary layer for micropayments, ma...
11/16/2018 / 22:17:47
Central bank-issued digital currencies have somewhat become a widely discussed topic, as more and more countries begin exploring them. However, according to a board member of the European Central Bank, they won’t be issued within the next decade. ECB on Central Bank Digital Currencies A board member of EU’s Central Bank Benoit Coeure shared his...Live Bitcoin News.
11/16/2018 / 17:00:22
As Venezuela is in the grip of hyperinflation, a large local Wal-Mart-like department store has started to accept bitcoin for goods. Cryptocurrencies: A Viable Alternative More and more are cryptocurrencies establishing themselves as a viable alternative to Venezuela’s redenominated local currency the Sovereign Bolivar. TRAKI, a large local department store, has purportedly started to accept cryptocurrencies. According to a Reddit thread posted by user ImVito, she was able to purchase 884 items of school suppliesRead MoreBitcoinist.com.
11/16/2018 / 13:00:59
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Published on CoinnounceRipple has partnered with yet another large bank CIMB Group which is the 5th largest bank in Asia. CIMB Group announced that it will implement RippleNet Software to process cross-border payments. Ripple’s XRP has also crossed ETH and secured the 2nd position according to the market capitalization. CIMB Bank to use RippleNet According to […]Coinnounce.
11/16/2018 / 12:46:16
#Ripple | Adoption | BLOCKCHAIN | News | Ripple | Blockchain | CIMB Bank | CIMB Group | CIMB Ripple | RIPPLE ANALYSIS | ripple market cap | ripple news | ripple price | Ripple Updates | ripple xrp | RippleNet | xrp | XRP ANALYSIS | xrp market cap | XRP news | XRP Price | xrp updates | | XRP|Market|Fiat|Blockchain|ETH
Market research conducted by Technavio has predicted that use of blockchain technology in the energy industry will increase between 2019 and 2023. Energy Sector Embracing Blockchain While blockchain technology was invented for facilitating peer-to-peer money transfers, it is finding its use within multiple industries including energy. Technavio, a leading market research company has forecast growing...Live Bitcoin News.
11/16/2018 / 11:00:48
San Francisco and Singapore-based hedge fund Circuit Capital is claiming that bitcoin and cryptocurrency adoption is growing, and that the institutional presence in the digital asset arena is stronger than ever. The Price Isn’t So Hot At the time of writing, the cryptocurrency space is undergoing a massive price slump. Bitcoin, for example, is at...Live Bitcoin News.
11/16/2018 / 01:00:35
The Christmas holidays are almost upon us and with it comes the inevitable question ''what do you want for Christmas?” For teens in the United States, it seems two new trends are emerging. They either want V-Bucks for Fortnite or cryptocurrency. That latter part is somewhat surprising, though it also shows the maturity of Bitcoin...Live Bitcoin News.
11/15/2018 / 23:00:12
Leading Malaysian bank has partnered up with technology company Ripple to use its xCurrent technology in settling cross-border transactions. Another One Joins the Ripple Train CIMB Group Holdings, a leading Malaysian bank with over 1,000 branches across the region of Southeast Asia, has partnered up with technology firm Ripple. According to a joint press...Live Bitcoin News.
11/15/2018 / 12:30:39
Altcoin News | Blockchain Infrastructure | Blockchain Technology | Industry and Adoption | News | CIMB Group | Cross-border payments | Malaysia | Ripple Technology | southeast asia | XCurrent | | XRP|Fiat|Technology|BTC|Asia
South Korea’s leading technology university, the Korea Advanced Institute of Science and Technology (KAIST), is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology. “We’re kicking things off with a seminar at the electrical engineering school this Friday [the 16th] where we’ll be providing a high-level overview of blockchain technology and current trends in development,” Theta Labs CEO Mitch Liu told Bitcoin Magazine. “We’ll also start a student club focused on the Theta project, where we’ll work with students to start building applications on the open-source Theta blockchain alongside our engineering team. In Q1 2019, our team will be teaching a one-week course at the K-School at KAIST, which is the university’s entrepreneurship-focused program. This will be a wide-ranging course on building a successful startup, from establishing a team and fundraising to go-to-market strategies.”KAIST is just the latest in a growing number of post-secondary institutions, including MIT and the University of Edinburgh, that have added blockchain-related courses to their curricula. Liu claims that South Korea is one of the most important leaders in the blockchain space, and that its biggest contribution is its ongoing investment in blockchain education and development. “The Ministry of S...
11/14/2018 / 22:26:55
MUFG via its wholly owned subsidiary – Banco MUFG Brasil, recently signed a Memorandum of Understanding (MOU) with Banco Bradesco S.A. to use Ripple technology in a new international payment corridor between Japan and Brazil. This news is the latest adoption case for Ripple in the banking industry. Cross-Border Payments Using Ripple In a press...Live Bitcoin News.
11/11/2018 / 21:00:23
Blockchain technology has been in existence for close to 10 years now. Yet adoption levels are still low. Ex-president and board member of overstock.com shares his perspective. Perspectives of an Early Adopter October 31st was celebrated as the 10th anniversary of the Bitcoin white paper being published by the mysterious Satoshi Nakamoto. By January of...Live Bitcoin News.
11/11/2018 / 06:00:48
ConsenSys founder and Ethereum co-founder Joseph Lubin has stated that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it”
11/10/2018 / 16:56:00
ConsenSys founder and Ethereum co-founder Joseph Lubin has stated that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it”
11/10/2018 / 16:42:00
President Heine of the Marshall Islands believes that cryptocurrencies aren’t the reason for her upcoming vote of no confidence, Chinese interference is. Usually, when you put ‘crypto’ and ‘China’ in the same sentence, it’s not going to result in anything good. This seems to be the case for the Republic of the Marshall Islands (RMI)...Live Bitcoin News.
11/10/2018 / 10:00:07
Published on CoinnounceOn Friday (9 November 2018), MFUG Bank, the important banking unit of Mitsubishi UFJ Financial Group (MUFG), the world’s fifth largest bank (by aggregate assets), reported the signing of a Memorandum of Understanding (MOU) with Banco Bradesco, one of the largest banks in Brazil, to team up on the advancement of another cross-border payment service, […]Coinnounce.
11/10/2018 / 07:36:26
#Ripple | Banking | BLOCKCHAIN | Decentralization | News | Ripple | Banco Bradesco | banking | Blockchain | MFUG Bank | Mitsubishi Group | MUFG Bank Ripple | Ripple adoption | Ripple Blockchain | Ripple MUFG Bank | ripple news | Ripple Solution | Ripple technology | Ripple Updates | RippleNet | | Fiat|XRP|Blockchain
The beta version of the Bitsy Bitcoin wallet will be available to download, for free, from the 12th of November. The platform is owned by the bullish U.S. retailer, Overstock. While initially making a name for themselves as an e-retailer, U.S.-based Overstock has shifted gears to focus more on blockchain technology and virtual currencies. Live Bitcoin...Live Bitcoin News.
11/10/2018 / 04:00:17
Altcoin News | Bitcoin News | Bitcoin Wallet | Blockchain Technology | Industry and Adoption | News | App Store | beta | cryptocurrency wallet | Google Play Store | Overstock | Patrick Byrne | US | | BTC|Blockchain|Trading|Technology
China’s position on cryptocurrencies remains unfazed as the country’s central bank released a paper which warns of bubbles in the industry and calls for the central government to sever its position even more. Pressure on Cryptocurrencies Continues After announcing that it intends to introduce regulations for blockchain censorship, China has taken yet another step to...Live Bitcoin News.
11/10/2018 / 02:00:49
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