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A number of banks revealed plans to issue their own tokens, following JPMorgan Chase’s move. This week, a number of banks shed light on their respective crypto-related projects, following the recent expansion of JPMorgan Chase into the field. IBM was the big mover. A joint announcement by IBM and Stellar (XMR) said that as many as six global banks might issue their own stablecoins on IBM’s blockchain-powered payments network, dubbed “Blockchain World Wire” (BWW). The question now is whether this marks a turning point for cryptocurrency’s use, or if it merely continues the experiments that have marked the early stages of digital money. While quite a few financial institutions seem ready to go blockchain and create tokens in a bid to streamline cross-border payments, some still choose to set the technology aside. Citigroup, the corporation behind one of the world’s top-20 banks by asset value, revealed earlier this week that it was abandoning its “Citicoin” project to focus on more c..
A survey conducted by Big Four audit company KPMG shows that almost half of high-profile executives believe blockchain will change the way their firms do business. A survey by Big Four audit company KPMG shows that 48 percent of C-level executives believe blockchain is likely to change the way they do business in the next three years. The results of the poll were shared with Cointelegraph on Sunday, Feb. 26. KPMG has conducted its Technology Industry Innovation Survey for the seventh time from December 2018 to January 2019. It includes responses from over 740 global tech entrepreneurs from 12 countries. 66 percent of the respondents were C-level executives. According to the poll, almost half of the executives believe that blockchain will likely or very likely change the way their business is conducted within the next three years. 27 percent of the respondents claimed the technology will not affect them at all, while other 24 percent remained neutral. When asked about the possibility o..
A look into the Coinbase Wallet’s new feature. On Feb. 12, San Francisco-based cryptocurrency exchange Coinbase announced that users of its Coinbase Wallet can now back up their private keys on cloud storage, namely on Google Drive and iCloud. The move has received mixed reaction from crypto community and cybersecurity experts, some of whom seem skeptical about the idea of storing private keys on centralized servers. Others are confident about the new feature, stressing that it entails encryption. A brief introduction to Coinbase Wallet, formerly known as ToshiCoinbase Wallet differs from the main app, Coinbase (or Coinbase.com). With the latter, the cryptocurrencies purchased by customer and their private keys are stored by Coinbase. With Coinbase Wallet, in turn, users store their own crypto protected by their unique private keys. Those keys are purportedly secured with Secure Enclave and biometric authentication technology. Initially, Coinbase developed Toshi, an open-source, mobil..
Two executives at blockchain startup R3 are reportedly departing from the company, according to sources familiar with the situation. Two executives at blockchain consortium R3 are reportedly planning to depart from the company amid a larger internal reorganization, sources familiar with the situation reported on Jan. 26. R3 is an enterprise software firm that focuses on distributed database technology. It leads a consortium of over 200 members, such as financial institutions, banks, trade associations and fintech companies. Sources say that R3 told its employees at town hall meetings on Friday, Jan. 25, that head of global services and managing director Brian McNulty and chief administrative officer Laurel Carroll are leaving. Neither McNulty nor Carroll has responded to Cointelegraph’s request for comment or confirmation by press time. According to the people familiar with the situation, a memo sent to the employees by the company’s CEO David Rutter notes the creation of a new design..
Sterling Witzke, partner at Winklevoss Capital, says she doesn’t think 2019 will be the watershed year for institutional investors to get into crypto. Sterling Witzke, partner at the Winklevoss twins’ family office Winklevoss Capital, says she doesn’t think 2019 will be the watershed year for institutional investors to get into crypto. Witzke backed her claim by arguing that expectations are running ahead of facts on the ground. Witzke made her remarks during an interview with Cointelegraph at the Crypto Finance Conference in St. Moritz, Switzerland, Jan. 17. She argued that the upshot of the 2017 crypto market bull run — when Bitcoin soared to all-time highs of $20,000 a coin — has been a skewed perception of what it takes for traditional capital to embrace innovation: “Because the end of 2017 was so crazy, people tend to think the space moves at lightning speed [..] At the level of underlying [tech] development it [often] does [...] but I think it takes a while for institutions to g..
The host of The Bitcoin Knowledge podcast, Trace Mayer, proposed a new initiative to the Bitcoin community which seems to have gained a lot of support. Mayer said that BTC holders, in celebrating of the Bitcoin Genesis Block creation, should run a proof of keys. Mayer believes that friendly activism is the best way to mark this celebration. This should be done by withdrawing all their BTC funds that are held in exchanges or any other platform that don’t give users full control over their private keys. If You Don’t Have Control Of Your Keys You Don’t Have Control Of Your Bitcoins Mayer was the one who started the “not your keys, not your Bitcoins.” campaign some time ago. Since then, he has been a core advocate of this movement. He believes that if all Bitcoin holders make this move in unison, they will be able to raise awareness about the true nature of cryptocurrencies. They will also educate the public on the dangers of giving control of their private keys to third parties even if t..
Decentralized internet protocol TRON CEO Justin Sun has said the company will build a fund to “rescue” ETH and EOS developers from the so-called “collapse” of their platforms. Decentralized internet protocol TRON CEO Justin Sun has said the company will build a fund to “rescue” Ethereum (ETH) and EOS developers from “the collapse” of their platforms, in a tweet, Dec. 6. Sun made his offer with the precondition that the developers “migrate” their decentralized applications (dApps) to the Tron Foundation network. In the heat of the blistering crypto market crash, one aggrieved commentator immediately quipped, “So… we jump from sinking ship to another sinking ship? Sh**, I’m in. When jump, sir?” EOS New York, purportedly the twitter account for one of the EOS network block producers, responded directly: “We think we will be just fine given the billion dollars in VC funding for #EOS and #EOSIO projects that is locked and loaded around the world at Galaxy, SVK Crypto, Tomorrow, etc. Apprec..
The bear market in 2018 has been gut-wrenching. Many investors lost tons of money due to the dwindling market movement. The price of Bitcoin (BTC) went down 80% from its all-time high. The majority of the other top digital assets suffered from declines of about 90% or greater than that figure. So far digital currency prices have fallen and stayed down for extended periods to the point that many investors who acquired digital assets in early 2017 but also remain profitable are starting to cash out their earnings before the atmosphere changes. How Large Scale Ethereum Holders Have Grown Their Holdings Despite this downturn in recent months for digital assets, when it comes to Ethereum (ETH), blockchain data shows that large-scale Ether holders (colloquially called “crypto whales”) who have hodled druing the downturn bought the dip, and significantly grew the size of their tokens. At least this is what one research found. Ethereum (ETH) Price Today – ETH / USD Name Price24H (%)$107.73 ..
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. New research from Mumsnet and eToro busts the age-old myth that women aren’t interested in their own finances and investments. In a new survey of 1,000 mums*, Mumsnet and eToro asked how they approach their investments. Research reveals just under half (47%) of respondents know a little or a lot about investing, while over half (55%) want to take control of their finances and invest on behalf of themselves. The biggest drivers for mums looking to invest are to generate a long-term return (73%) and to save for their children’s future (71%). The research also reveals mums are more adventurous in their investment outlook than many would think. When considering investment options, mums are already knowledgeable about cryptoassets. Four-fifths (4 out of 5) are familiar with the term cryptocurrency and ..
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. Creating your own blockchain platform requires a significant amount of knowledge and resources, for some it is simply not possible. The same thing goes for designing any platform be it a website or blockchain system. This is why we have services such as Foursquare that helps the average user create their own intricate website. For blockchain, one of the leading platforms in the industry is the all-in-one blockchain solution ARK. Point.Click.Blockchain ARK was designed to provide users with an accessible and scalable system that is ready for mass adoption. In recent news, ARK is set to release their new Core v2 on the November 28th, 2018. This new code has been written from scratch and is ready to be integrated into the backbone of the ARK blockchain. This update will bring numerous new features and i..