Monthly Archives: May 2018

Ethereum’s Price Drop Possibly Due To Large ETH Sell-Off By EOS, Report Says

TrustNodes suspects EOS being behind a large ETH selloff that has been attributed to today’s Ethereum price drop. The price of Ethereum (ETH) has fallen today, May 28, with tech site TrustNodes blaming the drop on a large sell-off ETH on crypto exchange Bitfinex that they attribute to EOS. Crypto Twitter persona WhalePanda also weighed in with a similar opinion about EOS’s role in today’s ETH sell-off: Wondering who just ragedumped $ETH on @bitfinex. Didn’t $EOS still have a lot of ETH and they were using Finex […]

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Bitcoin Addicts Crave Risk, Excitement, Escape

Corner those experienced within cryptocurrency’s ecosystem, and they’ll admit something akin to addicts exist. That fine line between obsession and irrational exuberance is probably best exemplified in wild price fluxuations, furious buying and selling. At least one historic county in Scotland, Peeblesshire (Siorrachd nam Pùballan), believes they’ve identified bitcoin addicts, and are beginning to treat them in the same manner as those with similar attractions to gambling. Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt Castle Craig Hospital Bitcoin Addicts are a Thing […]

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Deloitte Report Says Businesses Who Don’t Consider Blockchain ‘Risk Falling Behind’

Deloitte has analyzed over 50 potential blockchain use cases in the retail and consumer packaged goods industry, concluding that the “potential impact” of the technology “is huge.” A new report issued by audit and consulting firm Deloitte has found that blockchain technology will become a critical asset to the retail and consumer packaged goods (CPG) industry. The report analyzed over 50 potential blockchain use cases and suggests that the “potential impact” of the nascent technology “is huge.” According to the report “New Tech On The Block”, blockchain […]

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The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering

The cryptocurrency economy is nearing the end of 2018’s fifth month after a spectacular year of bullish prices throughout 2017. The past five months have been incredibly bearish as far as market values are concerned but the processing power of digital assets, particularly SHA-256 cryptocurrencies, continues to increase exponentially. Today SHA-256 miners makeup on of the largest computational networks ever created since the dawn of the internet. Also read: Prague Subway System Now Has Ten New Bitcoin ATMs SHA-256 Mining Has Created One of the Largest Computational Systems […]

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Bitcoin Core Fees Fall to Their Lowest in Years

Fees on the bitcoin core network have reached their lowest in seven years, with the median cost of sending BTC currently standing at $0.11. While there are several reasons why BTC fees are low, one of them is obvious: less people are using the network. The number of daily transactions has dropped sharply since last year, and has declined further in the past month. Also read: Blockchain Projects Live a Little Over a Year on Average, China Claims Lower Fees, Lower Usage It is no secret that the […]

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1090 DApps And 700 Tokens Launched on Ethereum Network in 2017, Analyst Says

Etherium analytics firm Alethio has revealed that as many as 1,090 DApps and more than 700 tokens were launched on ETH blockchain in 2017. In 2017, 1,090 decentralized applications (DApps) and more than 700 tokens have been deployed on the Ethereum (ETH) network, Finance Magnates reports May 28. According to Christian Crowley, business analyst of Etherium analytics firm Alethio, an average of around 100,000 new users join Ethereum ecosystem every day. Moreover, Ethereum network processes one million transactions daily, Crowley claimed speaking May 28 at ‘ConsenSys Community […]

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PR: Former Head of Strategy & Operations Consulting at KPMG Joins XinFin Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Singapore, May 27- S. V. Sukumar, the former Partner and Head of Strategy and Operation Consulting at KPMG and a prominent thought leader joined XinFin as a Senior Advisor. Mr. Sukumar has more than 40 years of diverse experience in industrial and […]

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Op Ed: How Atomic Swaps Could Work for Stock Market Trading

Traditional stock market trades can leverage the concept of atomic swaps to facilitate direct stock-to-stock trades without requiring cash positions. Atomic Stocks Overview In traditional stock exchanges, retail investors in public markets are unable to switch from one position to another without first going into cash. For example, an investor looking to trade his or her Amazon shares for PayPal shares must first exchange these Amazon shares for U.S. dollars, before buying PayPal shares with these dollars. This style of exchange creates unnecessary friction and expense because […]

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Chinese Report: Blockchain Projects Go From Boom to Bust in 15 Months

The Chinese government continues its investigation into blockchain projects, with a research spokesman claiming only 8% of them remain active. A Chinese government analysis has concluded the average lifespan of a blockchain project is 1.22 years, sources report May 28. Speaking at the ongoing China International Big Data Industry Expo 2018 in Guizhou, He Baohong of the China Academy of Information and Communications Technology (CAICT) said only 8% of the blockchain projects ever launched are still alive. He released the information as part of the unveiling of […]

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Draft Law Requires Israeli Firms to Report on Clients’ Crypto Activites

The Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli Ministry of Finance Publishes Draft Money Laundering Regulations The Israeli Ministry of Finance a draft of the amended Money Laundering Prohibition Order – with the proposed legislation now containing provisions pertinent to […]

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