Experts at financial services giant JPMorgan say that blockchain technology will provide benefits to banks and payment systems, Bloomberg reported on Jan. 29. JPMorgan’s chair of global research, Joyce Chang, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and …
Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with eight countries. Negotiations Aim to Dismantle U.S. Dollar …
BitTorrent crowdsale is set to begin on January 28, 2019. Based on TRON-TRC10, while the total supply of BTT would be 990 Bn, the initial circulating supply will be 9% of the total supply. BitTorrent communication protocol has introduced a new crypto token called BitTorrent (BTT) along with an extended version of the BitTorrent protocol in order to create a …
Francesco Firano, the owner and founder of hacked Italian cryptocurrency exchange BitGrail, has been sentenced to return as much of the assets to his customers as possible. Scans of the court decision were released by the Bit Grail Victims Group (BGVG) on Medium on Jan. 28. The Italian Bankruptcy Court published the sentence on Jan. 21. A post by the …
The BitTorrent token (BTT) sale on the Binance Launchpad platform concluded today Jan. 28, netting $7.1 million dollars with the sale of 50 billion tokens in under 15 minutes. Binance announced the conclusion of the sale in an official blog post. BitTorrent is a protocol for peer-to-peer file sharing, allowing users to distribute files such as music or videos over the …
Belarusbank, the largest bank in Belarus, is considering setting up a crypto exchange, local information agency BelTA reports on Jan. 28. According to the bank’s chairman of the board Viktor Ananich, efforts are now being made to explore the possibility of setting up a cryptocurrency exchange. Ananich claimed that digitization is one of the most important focuses of Belarusbank in …
Multicoin Capital announced Monday that it has led a $2.5 million seed round in a company that makes it easier to gather data from public blockchains. There’s plenty of useful data accumulating on blockchains, but the database structure doesn’t make it simple for everyone to collect and utilize. A team called The Graph is building open source software that indexes all that …
The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet. Report in ‘Finalization Stage’ Subhash Chandra Garg The Indian government has been working on crypto regulation for quite some time. The Inter-Ministerial …
A year into the crypto market meltdown, we’ve gone from one extreme to the other. Where investors and commentators were once consumed with the naïve belief that ICO-funded startups would quickly usher in a new token-driven decentralized economy and unlock untold wealth, we’re now at a point where any idea associated with tokens, good or bad, struggles for legitimacy and …
As Nobel Prize-winning economist Robert Shiller put it, “Bitcoin is a social phenomenon.” Rumors, fear, and hype all play an enormous role in influencing the price of cryptocurrency, but these things are not so easy to identify on a chart. While many institutional traders use technical analysis to gain insights into price action, to ignore the emotional state of the …
