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The previous year was rough for the cryptocurrency space amid regulatory uncertainty and plummetion of prices. 2018 was defined by stricter oversight by regulators of the Blockchain and crypto sectors. Private and public institutional entities helped to stabilize the crypto trend, which is something that has been difficult to undertake in previous years. However, despite the stricter regulatory processes implemented by authorities, regulations can help define the path for the cryptocurrency ecosystem now and in the future. The new year will bring good things to the space including: Bitcoin Futures Futures products for digital assets already exist by means of Bitcoin contracts provided by CBOE and CME exchanges. The development of futures contracts has likely added to the decline in prices because all the futures products are settled in cash, not in Bitcoin or another virtual currency. For example, the trade volume of derivative products doesn’t directly impact Bitcoin trade volume beca..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. THEKEY project team released “THEKEY MVP/Testnet Progress Report” which outlined the development progress of the Blockchain Based Dynamic Multi-Dimension Identification (BDMI) on May 28th, 2018. 6 months later, THEKEY has successfully completed its Mainnet development which was set to finish at the end of December this year, far ahead of its original schedule. The following three achievements with regard to the development of the BDMI Testnet were disclosed in May: First, “undeniable” and “unalterable” online Identity Verification (IDV) results were generated for the first time in the world through BDM..
As you already know, CoinMarketCap keeps tabs of the performance of important cryptocurrencies. It provides reliable information about the total market capitalization of these coins as well as the trading volume and daily performance of cryptocurrencies. Since the creation of cryptocurrencies, Bitcoin has always been number one. Giving a wide margin, ETH has held the second place for a long time now. Unfortunately, things seem to have fallen in favor of XRP. Thanks to the recent dip in the market capitalization of ETH and the rise in the market capitalization of XRP, ETH is now third place in CoinMarketCapital’s list of top cryptocurrencies. XRP Is Reaching For The Moon On Thursday, XRP, for the third time in history, claimed the second spot from ETH. While it has done this twice before, this is the first time it is holding this position for such a long time with a high margin. At first, XRP took over by more than $600 million. Yesterday the market capitalization increased again and t..
Data from Coin Dance shows that a majority of hash power favors Bitcoin Cash SV over Bitcoin Cash ABC, the version supported by crypto evangelist Rover Ver. As the Nov. 15 Bitcoin Cash hard fork draws closer, a majority of hash power favors the Bitcoin Cash SV iteration favored by Australian computer scientist Craig Wright’s nChain, data from Coin Dance shows Nov. 12. According to Coin Dance, 66–77 percent of Bitcoin Cash (BCH) miners are backing the SV network based on currency hash rates, compared to 18–29 percent backing Bitcoin Cash ABC, which is favored by crypto evangelist Roger Ver. The data is an estimate based on which mining pools have shown support for the coins after the eventual hard fork. Conversely, Coin Dance notes that of the 2,246 nodes running on the Bitcoin Cash network, 1,079 are Bitcoin Cash ABC nodes, while 166 are Bitcoin Cash SV nodes. Bitcoin Cash Nodes as of Nov. 11. Source: Coin Dance Notably, neither factor is a total indicator of which camp will come out..
Ahead of the imminent Bitcoin Cash hard fork, mining giant Bitmain has rushed to deploy around 90,000 Antminer S9 machines to the western Chinese region of Xinjiang. Ahead of the imminent Bitcoin Cash (BCH) hard fork, mining giant Bitmain has rushed to deploy around 90,000 Antminer S9 machines to the western Chinese region of Xinjiang, Chinese blockchain news source DeepChain reports Nov. 8. As reported, the BCH network will hard fork on Nov. 15, and Bitmain is reported to be strategizing its role in the forthcoming computing “power war” by reaching out to local mining farms in the coal-rich region of Xianjing. Local mining pool operator Yu Hao told DeepChain that the mining titan has been in talks with “almost all” the local mining farms since late October, and persuaded them to host almost 90,000 of its S9 machines: “[Bitmain’s] AntPool requested that a single mining farm should host over 5,000 machines. But in fact, only a few mining farms can satisfy their demand.” An unnamed sour..
Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitcoin Press Release: Blockchain and Internet of Things (IoT) startup DataBroker DAO has officially launched the IoT sensor data marketplace. October 10th, 2018, Dubai, UAE – For many businesses entering the blockchain space, the pressure of delivering on roadmap promises is almost equal to the success of the enterprise itself. Marketplace Launched In such a new and competitive market like blockchain, there are many concepts, solutions, and platforms that fail to break past their initial coin offering (ICO) and raise enough funds, or when they do, hit the ground with a product that isn’t quite ready, o..
Sierra Leone is set to create a national, blockchain-based credit bureau. On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the country’s financial inclusion landscape. While the aim sounds ambitious, there’s some evidence that Africa’s population might never need traditional banks per se. Instead, they could start managing their money through newer, decentralized methods. What does blockchain have to do with financial inclusion?First, it is important to outline the term unbanked — these are people who don’t have bank accounts. Consequently, they are cut off from vital financial services such as credit and money transfers. According to the World Bank's financial inclusion database, in 2017 there were around 1.7 billion adults who are technically unbanked, which is..