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Law Enforcement Requests to Shapeshift Rose 175% in Second Half of...

Switzerland-based crypto exchange ShapeShift reports seeing a 175 percent increase in law enforcement agency requests in the second half of 2018. Law enforcement requests sent to Switzerland-based cryptocurrency exchange ShapeShift rose 175 percent in the second half of 2018, according to a new Compliance Transparency report published by the exchange Jan. 18. In a blog post accompanying the report, Shapeshift outlines that it typically receives requests from law enforcement agencies for data including crypto addresses (in or out of the Shapeshift system), transaction IDs, identity information (names, emails, IP addresses), cryptocurrency or crypto asset information and more. ShapeShift emphasizes that in most cases it is not informed of the details of the investigation or probe for which the data is being gathered. The report reveals that Shapeshift received a total of 44 subpoena requests in Q3 and Q4 2018 — a 175 percent increase as compared with a combined total of 16 in the preced..

Second Largest Exchange OKEx Launches New Crypto Derivative Product

Major cryptocurrency exchange OKEx has launched a new crypto derivative product called “Perpetual Swap.” Malta-based major cryptocurrency exchange OKEx has launched a new crypto derivative product, according to a press release shared with Cointelegraph, Dec.19. As Cointelegraph reported at the beginning of the month, the new product, dubbed Perpetual Swap, is a virtual derivative that lets users speculate on the future value of BTC/USD, according to OKEx’s index. Per the release, currently each swap contract has a notional value of $100 equivalent in Bitcoin (BTC) and features leverage ranging from 1x to 100x. Moreover, perpetual swaps reportedly have no expiration, meaning “positions can be held indefinitely.” OKEx is currently the world’s second largest exchange by adjusted daily trade volume, seeing over $1 billion in trades on the day to press time. New cryptocurrency derivative products are also in the works from traditional financial firms. As per a Cointelegraph report, the wor..

Germany’s Second Largest Stock Exchange, SolarisBank Partner to Launch Crypto Exchange

SolarisBank and Stuttgart Exchange Group are jointly developing a crypto exchange meant to be launched in the first half of next year. SolarisBank and Stuttgart Exchange Group are jointly developing infrastructure for a cryptocurrency exchange, Cointelegraph Germany reports Dec. 12. The Stuttgart Exchange, founded in 1860, is the second largest stock exchange in Germany and the ninth largest in Europe. SolarisBank, on the other hand, is a German fintech company established in 2015 that holds a banking license and offers a “Banking as a Platform” service. This news goes along with the plans announced by the exchange in May to release a zero-fee cryptocurrency trading application. The two companies’ crypto exchange, “which is scheduled to launch in the first half of 2019,” will have SolarisBank acting as the exchange’s banking platform. Roland Folz, the CEO of SolarisBank, declared that “a reliable and efficient trading platform is an elementary contribution to [their] vision of a hybri..

South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human...

South Korea’s Shinhan Bank wants to reduce human error in its processes as part of a multi-phase hook-up with blockchain technology. South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times on Dec. 10. Shinhan, which has sought integration with both the blockchain and cryptocurrency spheres over the past eighteen months, also completed a staff training program to increase knowledge of blockchain for various applications. According to The Korea Times, the bank implemented interest rate swap transactions using the technology on Nov. 30 in what it called a “first” for a South Korean lender. Now, operations such as financial record-keeping are set to become automated, removing the chances of human-based mistakes and enhancing overall efficiency. “Prior to the blockchain-based process, there had been no standar..

Bitcoin Faces Second Largest Difficulty Drop in History After Latest Adjustment

Bitcoin mining difficulty saw its second largest drop in its history, surpassed only by a -18 percent adjustment in late October 2011. Bitcoin’s (BTC) mining difficulty saw its second largest drop in history, with a -15 percent adjustment on Monday, Dec. 3, as per data provided by major Chinese mining pool BTC.com. Bitcoin’s hashing difficulty algorithm is normally adjusted every two weeks to maintain the normal 10-minute block time. It has been adjusted for the second time today since the beginning of a so-called “crypto winter” in mid-November, after which the difficulty in mining Bitcoin has been steadily dropping. The most recent adjustments of Bitcoin’s hashing difficulty. Source: btc.com The largest drop in Bitcoin’s difficulty history happened on Oct. 31, 2011, with an adjustment of -18 percent, while another decrease (-13 percent) in mid-October 2011 is the third largest such decrease. A recent adjustment of Bitcoin’s hashing difficulty was preceded by a massive market drop, ..

Ethereum Predecessor Leverages PoA Protocol to Deploy Over 180 Transactions Per...

Advertisement 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. Token development platform enables utility token creation, tapping into Ethereum’s flaws with faster, more secure Blockchain based on the PoA protocol. Modern enterprises and corporations worldwide still have the greatest interest in Blockchains. Although ICOs managed to raise more than $5.6 billion throughout 2017, 52% proved to be unsuccessful due to reasons such as weak business models, improper tokenomics, or unrealistic goals. Sadly, Ethereum has limitations that don’t allow entrepreneurs or developers to reap all the benefits of a fully decentralized network. Security breaches, high gas fees, low transactional speed, and technical requirements come in the way of building a transparent utility token with real adoption chances. In the absence of a universal Blockchain platform, in order to str..

XRP Surges Higher Briefly Overtaking ETH Once Again As The Second...

XRP has been on fire for the last 48 hours. In fact, yesterday, the coin briefly took Ethereum’s place as the second largest cryptocurrency per market capitalization after it surged by 20%. While the cryptocurrency is currently correcting lower. This move is another evidence that it is indeed a worthy competitor and the effort by Ripple and the entire XRP community is reflecting on the coin. Why Did XRP Surge? There are two speculations regarding why the price of XRP surged. For starters, the leading cryptocurrency per market capitalization, Bitcoin was green against the USD. Everyone know this has a ripple effect on other coins. Secondly, XRP has had strong fundamentals for the past few months. Ripple Labs has been working tirelessly to promote mass adoption of its technology and the XRP token. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.458824 -0.22% Ethereum, the long-time second largest cryptocurrency per market capitalization had fallen from $1,400 to $215 within this..

Crypto Markets Remain Shaky, NEM Continues Rising for the Second Day

Most of the 20 top cryptocurrencies by market cap are seeing red, NEM continues to grow more than 4 percent today. Tuesday, October 2: crypto markets are seeing mixed signals, with up and down fluctuations for the last few hours and most of the top 20 cryptocurrencies by market cap seeing losses, according to CoinMarketCap. However, in terms of the 100 top cryptocurrencies, around half of the markets are in the green today. Market visualization from Coin360 After seeing a slight growth on September 30, Bitcoin (BTC) continues seeing losses. The major cryptocurrency is up around .015 percent over the past 24 hours, trading at $6,564 at press time. While Bitcoin has managed to trade above $6,600 for a while within the day, the coin has seen its intraday low of $6,499. According to Cointelegraph’s price price index, Bitcoin is still up almost 2 percent over the past 7 days. Bitcoin’s market share has seen a small growth of around 0.3 percent over the past 24 hours, according to CoinMark..

Australian Blockchain Test on Amazon Cloud Reaches 30,000 Transactions per Second

Red Belly Blockchain reaches 30,000 transactions per second while tested on Amazon Cloud, according to an Australian science agency report. A blockchain system developed by Australia’s national science agency (CSIRO) and Sydney University claims to have set a benchmark of 30,000 transactions per second during a test on Amazon Cloud, according to CSIRO’s Tuesday, September 25 press release. The technology arm of CSIRO, Data61, and the Concurrent Systems Research Group at the University of Sydney created Red Belly Blockchain as a “graduate” from CSIRO’s Pre-accelerator program ON prime. CSIRO and the Concurrent Systems Research Group announced the first outcome of its experiment held on Amazon Web Services (AWS) cloud infrastructure. Red Belly Blockchain was tested on 1,000 machines in 18 regions, including North and South Americas, Australia, and Europe. As per the CSIRO report, Red Belly Blockchain was reportedly able to operate 30,000 transactions per second from different locations,..

Credits Showcases over a Million Transactions per Second Unreachable for Any...

Advertisement 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. On September 14, Credits performed a capacity test of its blockchain platform in a real life environment using thirty two geographically distributed nodes and broadcasted it live on Youtube. The test showed that the Credits blockchain platform can perform a peak number of 1,327,152 transactions per second with the average load of 130,400 transactions per second, a result that so far has not been reached by any other blockchain platform. The test was aimed to showcase a stable operation of the platform and provide an indication of transactions per second. The environment was designed to fully imitate real-life conditions. Thirty two nodes operating on both Windows and Linux systems exhibited cross-platform interoperability. The nodes, equipped with transaction generators to simulate network loading, w..
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