Monthly Archives: May 2018

JP Morgan Files Patent For Blockchain-Powered P2P Payments Between Banks

JP Morgan Chase & Co has filed a patent for a P2P network that would use a blockchain to process payments between banks in real-time. JP Morgan Chase & Co. has outlined a peer-to-peer payments network in a patent application filed with the U.S. Patent and Trademark Office (USPTO) yesterday, May 3. The network would use distributed ledger technology (DLT), such as blockchain, for intra- and inter-bank settlements. The application describes the drawbacks of the conventional bank settlement system currently in place for cross-border payment processing: “A […]

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Underperforming Tokens on Kucoin Will Be Sent for a Timeout

Kucoin exchange has devised a novel way of dealing with underperforming tokens. Rather than delist them, or leave them to die a slow death, it will send them to a “special treatment area”. Once placed on the token equivalent of the naughty step, they will be given a chance to buck up or risk being permanently removed. Also read: Tempers Flare at Milken Institute Cryptocurrency Conference Kucoin Sends Badly Performing Tokens to the Naughty Step Tokens that develop a low trading volume can expect placement in a special […]

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Blockchain Tech Could Accelerate Graphics Rendering for VR, Visual Effects

Cloud-based graphics-rendering firm OTOY has introduced RNDR, “a blockchain-based rendering platform that leverages a distributed network of idle GPUs to render graphics more quickly and efficiently,” making the process of rendering and streaming virtual reality (VR) scenes easier for all users. RNDR is now announcing partnerships with blockchain developers zeppelin_os and Decentraland. Senior executives of both companies are joining Hollywood director and producer J. J. Abrams; the founder of Brave and Basic Attention Token, Brendan Eich; and talent agent Ari Emanuel on the RNDR advisory board. “The […]

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Samsung Profits Surge on High Demand for Bitcoin Mining Chips

South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Profits Surging A world leader in advanced semiconductor technology, South Korean Samsung Electronics Co. Ltd. recently announced its 1Q18 earnings results. Samsung Electronics is the flagship company of the Samsung […]

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Vaultoro’s Bitcoin-to-Gold Exchange Implements Lightning Network Payments

The world’s first crypto-to-physical-gold exchange, ​Vaultoro​ has announced that it is now the first bitcoin exchange with an implementation of the Lightning Network as an instant deposit method. The company allows customers to trade gold with bitcoin directly, all the way down to 0.1 gram in quantity. Customers can hold the asset for seconds or years, with their ownership certificate securely stored on the blockchain. All gold holdings are physically stored by Pro Aurum in Switzerland and audited by BDO. The physical gold can be requested by […]

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Bitcoin Price Challenges $10K Amid Bullish Sentiment, Ethereum Reclaims $800

News from Goldman Sachs was among the factors contributing to another week of gains for Bitcoin, prices coming close to $10k May 4. Bitcoin prices reached $9,786 Friday, May 4, as momentum continues to build for a challenge to resistance around $10,000. Data from Cointelegraph’s price index and market visualization tool Coin360 revealed two attempts to retake the significant boundary Friday, both of which almost touched $9,800 before correcting downwards. At press time, BTC/USD was hovering around $9,730, up around 5.6 percent in the past 24 hours, […]

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Bitcoin in Brief Friday: Farms on Wheels, a Hotel, and Even a Simulator for Miners

With 80 percent of all bitcoins already mined, and the hashrate of the network reaching all-time highs, in today’s Bitcoin in Brief we are covering some news from the world of crypto mining. An Italian company is developing mobile mining farms, while in Russia a mining hotel offers an opportunity to legally earn cryptocurrency. And, if you can’t afford to buy or rent a rig, you can always experience the life of a miner thanks to one of the simulators that are hitting the market.        Also […]

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Pro-BTC Movement Scraps Lawsuit Against Ver’s Bitcoin.com, Citing Lack Of Funds

The pro-BTC movement that threatened a lawsuit against Bitcoin.com for its alleged dis-information practices has now cancelled the initiative, citing lack of funds. The pro-Bitcoin community movement that galvanized last week against Bitcoin.com has reversed its plans to level a lawsuit against the site, community leader MoneyTrigz announced on the group’s Telegram channel yesterday, May 3. Members of the movement were outraged that major crypto wallet and media service Bitcoin.com — run by prominent Bitcoin Cash-proponent Roger Ver — appeared to be intentionally blurring the distinction between […]

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Only 1% of Business CIOs are Actually Using ”Blockchain” Technology

United Kingdom corporate research firm Gartner conducted a survey of nearly 300 Chief Information Officers (CIOs), in an attempt to separate hype from reality. The results are revealing, with a dismal 1% reporting “any kind of blockchain adoption within their organizations.” Also read: Telegram Rakes in Over $1.5 Billion, Ditches ICO for an Open Network & Token Survey of CIOs Reveals More Blockchain Hype Than Adoption A rather revealing survey of 293 CIOs conducted by English research outfit Gartner is attempting to suss out marketing campaigns from […]

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