BLOCKCHAIN NEWS Blockchain tech “natural fit” for commodity trading, but issues remain: BCG report Blockchain technology may seem like a natural fit for the commodity business, but it may spell trouble for certain market participants.
Boston Consulting Group (
BCG), in its
recent report titled “A Reality Check for Blockchain in Commodity Trading”, listed out both the pros and cons of using
blockchain technology into the
commodity tradingspace.The report does highlight the fact that the technology is able to record complex transactions, track goods and reduce fraud. However, the report outlined certain risks involved with implementing this financial innovation.
Read more “Lisk Core 1.0 is going to Mainnet”, migration on 29th August Lisk, a blockchain deploying platform has recently announced that Lisk Core 1.o would soon be migrated to Mainnet. On the official page of the popular social media platform, Twitter,
Lisk has specified that only on attaining a particular height the migration will happen.The platform enables the developers to easily develop blockchain based decentralised applications in the Javascript. After 29th August, the transformation will take place from the old Lisk Core 0.9.16 of the Mainnet nodes to Lisk Core 1.0.
Read more CRYPTOCURRENCY NEWS Crypto Facilities adds Bitcoin Cash contract; joins company’s existing Bitcoin, Ethereum, XRP & Litecoin futures contracts Bitcoin Cash contract is being added by Crypto Facilities, a U.K-based crypto futures exchange and CME Group partner. The firm announced the launching of the contract on its platform on Friday. The U.K. Financial Conduct Authority regulated firm will start trading of the
Bitcoin Cash future at 4 p.m. British Standard Time (BST), CoinDesk reported. The contract is to join the existing Bitcoin,
Ethereum,
XRP and Litecoin futures contracts of the company.
Read more Bitcoin & cryptocurrency miner of Norway receives bombing threat for creating ‘noise’ Norwegian company,
Kryptovault that specializes in large scale
Bitcoin and cryptocurrency mining, and data center services, has received bombing threats. The threat said: “This is sabotage. If you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives.”According to
Vakdalposten, Kryptovault was sent the bombing threats on Saturday after a news was published about the company in a local newspaper.
Read more Ripple, Fundstrat & Nobel Laureate Paul Krugman share stage to deliberate on crypto future ChainXExchange conference has seen the gathering of eminent personalities like Cory Johnson of Ripple and others to discuss on crypto future. The event has been held in Las Vegas in which the invitees apart from the Chief Marketing Strategist of Ripple, include American economist and Nobel Laureate, Paul Krugman and Tom Lee, the Research Head of Fundstrat Global Advisors.As soon as the industrial investment experience an upsurge, the demand for
digital currencies will be rising, as per the notion of the attendees.
Read more Huobi expands its market with its five partners; triggers positivity despite crypto whirlwinds Leading cryptocurrency exchange,
Huobi Group that helps companies list their tokens more efficiently and quickly, has ticked five companies to partner with in order to help them open their own platforms through the Huobi
Cloud in new markets. “Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain ecosystem,” said
David Chen, a senior business director at Huobi.
Read more Ripple’s XRP ‘isn’t a competitor’ since it ‘isn’t really a Blockchain technology’: Ethereum co-founder Ethereum co-founder, Joseph Lubin, told in a recent interview that he doesn’t consider
Ripple as a competitor since it “isn’t a
Blockchain technology”.In the interview with Bloomberg, he spoke about the current state of crypto market, Ethereum’s development and about Ripple's
XRP &
EOS. When Lupin was asked what would happen if “other protocols which trade speed or decentralization for security” end up gaining favour in the mid to long-term, he appeared to be quite calm about it.
Read more Bitcoin investor’s crypto theft: Dogecoin founder takes a dig at holders for trusting centralized exchanges After
Bitcoin investor and entrepreneur,
Michael Terpin sued
AT&T, a US based multinational
telecommunicationscompany, for $224 million; Dogecoin (
DOGE) founder,
Jackson Palmer has stepped forward, voicing his opinions against SIM hacking and calling it a “terrible thing”.Michael Terpin’s loss has alarmed cryptocurrency traders like Palmer. Palmer voiced his opinion on Twitter through an array of tweets.
Read more Coinbase to create secure Bitcoin (BTC) payment system San Francisco-based
cryptocurrency exchange, Coinbase, won patent for secure Bitcoin (
BTC) payment system. The recently published
patent highlighted how the crypto exchange could create a payment portal allowing users to directly pay using Bitcoin from their digital wallet.There has always been a security concern for users as someone may steal the private keys of their Bitcoin addresses from their wallets.
Read more Binance LCX launches fiat-to-crypto exchange in Liechtenstein Binance LCX on Thursday announced the launch of fiat-to-crypto exchange in Liechtenstein. Binance LCX is a joint venture between world's largest cryptocurrency exchange Binance and LCX (Liechtenstein Cryptoassets Exchange).The company in a statement on
Medium said the experienced Binance team will "provide and maintain" the platform while Binance LCX will handle customer support, legal issues, KYC, AML and government communication.
Read more Is Ripple’s XRP boarding the world’s largest crypto exchange Binance? Is Binance cooking up a partnership with
Ripple? Many in the
XRP community are speculating that a listing of Ripple’s XRP on
Binance’s new decentralized exchange (DEX) could be on the cards.A photo of Binance CEO Changpeng Zhao and Ethan Beard, senior vice president at Ripple, was posted by TechCrunch founder Michael Arrington on Twitter and has sparked some serious speculations regarding a possible XRP listing.
Read more Ripple: Bittrex is “preferred” crypto exchange for cross-border USD payments Ripple, the software firm behind the digital asset
XRP, said on Thursday that
Bittrex will be its preferred crypto exchange for
xRapid transactions that move through U.S. dollars. Additionally, Bitso and Coins.ph will be
Ripple’spreferred platform for transactions done using Mexican Pesos and Philippine Pesos, respectively.
Read more Some cryptocurrencies are scams, says Coinbase CEO Brian Armstrong Coinbase is one of the largest
cryptocurrency exchanges in the world but that didn't stop its CEO and co-founder,
Brian Armstrong, from speaking about a bitter truth. 'Some cryptocurrencies are scams,' he said in an interview with Bloomberg.The California-based crypto firm has only five virtual currencies listed on its platform currently. The reason for it is most cryptocurrencies are new and possess higher risk, Brian stated.
Read more India embraces blockchain tech; could crypto exchanges be next? Though India is still waiting on regulators to take a final call on crypto exchanges, the local blockchain community is thriving. The recent International Blockchain Congress held in Hyderabad and Goa saw
blockchain enthusiasts collaborate, ideate and propagate the innovative technology.The event witnessed big leaps made in the local blockchain space. For starters, the government of the southern Indian state of Telangana signed a MoU with software services exporter Tech Mahindra, Nucleus Vision and Eleven01 Foundation to launch India’s first Blockchain District. Nucleus Vision is a blockchain-based customer identification system while Eleven01 Foundation is a blockchain conglomerate.
Read more Pantera Capital CEO sides Bitcoin, refuting Warren Buffet calling it a gambling Bitcoin (
BTC) is the biggest disruption of the generation. This is how Dan Morehead, the CEO and Chief Investment Officer of
Pantera Capital, described Bitcoin. He also made a statement about Blockchain, stating that it is the next stride that will help in the evolution of equity, reported
CCN. Morehead shared his views in a recent ICO and digital asset funds conference.
Read more Cardano’s venture capital firm Emurgo launches “light-client wallet”, Yoroi Emurgo, the venture capitalist partner of Cardano Foundation has made a declaration about launching Yoroi, a light wallet on Cardano, itself. Following the unexpected announcement of 14th August by the CEO of
Cardano, Hoskinson, Emurgo released a YouTube video on 15th August introducing Yoroi for the first time, before the world.
Read more IOTA [MIOTA] Foundation board member Ralf Rottmann says board of directors signed MoU IOTA [
MIOTA] Foundation has been in the news for all the wrong reasons of late. On August 8, a heated debate between the board of directors leaked to the media. In the wake of it, Ralf Rottmann, who is a member of IOTA Foundation Board ofDirectors, said all the members signed a memorandum of understanding [MoU]. He revealed this in a Twitter post on August 13.
Read more COIN NEWS VeChain (VET) surges above 45 %, likely to spike further in the weeks ahead VeChain (VET) has made an amazing comeback with a surge of over 45 % in the past 24-hour. It is to be noted that the VET went live on July 30 after its successful independence but prices were on the downside. In fact,
VeChaindropped below the top 20 coins but now has joined the league by become the 19th largest coin, according to CoinMarketCap.As the crypto market is recovering from the recent slump, VeChain leads among the top 100 coins with an increase of 46.98%. At the time of writing, it was trading at $0.0141 with a market cap of $784 million.
Read more EOS block producers lose over 150 million votes due to vote decay EOS
vote decay seems to be on the rise. According to data from
EOS Authority, an
EOS founding block producer based in UK,
block producers have lost over 150 million votes or over 4.5 percent of the total votes cast, at the time of writing.As part of the EOS launch earlier in June, 21 block producers had been voted in place to be part of the network’s governance. Simply put, the block producers are pretty much in charge of running the
EOS blockchain.
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