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Roger Ver considers Bitcoin Cash to be the actual Bitcoin due to its superiority in comparison to Bitcoin, in terms of transaction settlement time, scalability, and privacy. Bitcoin Cash’s transactions are far more superior than Bitcoin’s due to the implementation of Schnorr Signatures by the former. However, due to various changes in Bitcoin Cash’s blockchain, it is far better than Bitcoin, especially when it comes to transaction and scaling. At press time, Bitcoin Cash was priced at $357 with a market cap of $6.35 billion and was the fourth largest cryptocurrency in the world, just below XRP. In the last 24 hours, Bitcoin Cash blockchain witnessed 99% of its market cap moved, according to Bitinfocharts. Source: Bitinfocharts This would imply that Bitcoin Cash worth $6.34 billion was moved in the last 24 hours, which is approximately 17.67 million BCH, almost equal to the circulating supply of Bitcoin. In comparison to…

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Sports fan engagement blockchain project Chiliz has announced a strategic partnership with Binance Chain. Sports blockchain venture Chiliz has announced a strategic partnership with Binance Chain, the mainnet of major cryptocurrency exchange Binance. The news was revealed in an official press release on May 17. As previously reported, Chiliz ($CHZ) is a sports industry-oriented digital currency that powers the tokenized fan engagement platform and blockchain-powered mobile app, Socios.com. High-profile Socios partners to date have included major soccer teams Paris Saint-Germain and Juventus, who plan to use the platform to launch fan token offerings for their club-branded tokens, which will confer voting rights for club-related polls and offer rewards for their holders. While crypto exchange Binance was already a backer of the Chiliz venture, Chiliz and Socios.com CEO Alex Dreyfus has underscored that the new integration with the Binance Chain mainnet will increase Socios.com’s access to the liquidity pool of the…

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A certification awarded this week describes the creation of Merkle trees as a solution to PoW demands. Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle trees — a data verification tool — to constitute the work required in a PoW setup. PoW is the algorithm used in bitcoin (BTC) and some other major cryptocurrencies such as litecoin (LTC), dogecoin (DOGE) and monero (XMR). “This document describes techniques for using the generation of Merkle Trees as a solution to a proof-of-work challenge,” the patent reads. The exact nature of Amazon’s plans remains unclear. The patent document does not reference specific uses within a…

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If you’re a digital asset investors in the XRP rich list, you can testify that Ripple and XRP have had to endure many challenges including criticism, bearish pressure on price, XRP SEC saga among other things. Irrespective of how strong the XRP army is, it’s difficult to simply ignore bad press and competition. In our XRP news sometime in January, we talked about how the release of the JPM Coin was going to change the game for Ripple and affect the XRP price prediction 2019. Continue reading Ripple Is About To Get Kicked Out Of Business As Major Banks Build Blockchain-based Settlement Layers: How Will This Affect The Price Of XRP? at Smartereum.

The electronics giant’s senior executives have come out in a show of support for censorship-resistance technology development. Engineering and electronics manufacturer Bosch hinted it would take an active role in defending the openness of the Internet of Things (IoT) against censorship as part of a press release from May 15. Bosch, which has various developments on the way in the sector, highlighted distributed ledger technology (DLT), including blockchain, as an essential part of the future of both IoT and the related Economy of Things. “Distributed ledger technologies (DLT) such as blockchain may well become the key technology in these domains,” the press release reads. While entities from governments to dedicated startups are tackling blockchain’s potential in IoT, Bosch went further in its publicity, conspicuously adopted an open stance on the ethics of the phenomenon. The company, it appears, is concerned about the impact of censorship and retrograde reactions to new…

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What is microfinancing doing in our lives, and more importantly what’s up with the combination of blockchain and microfinancing industry? Blockchain-based elections are on their way, numerous hospitals and data centers are already implementing blockchain technologies, and the microfinancing system is the next milestone to cover. What do you think? Did Muhammad Yunus know that by introducing microfinancing to us, we’d take and improve it with innovative technologies like blockchain? What’s the current financial state of the world? According to the World Bank Global Financial Inclusion, there are more than 2 billion low-income working individuals that have never owned bank account or used any financial services. Initially, microfinancing was created to help the unbanked get their basic human right of obtaining credits and loans. But here we are, facing the problem of the century, still unable to grow the financial independence of the unbanked population. With years of inexperience, people…

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Ethereum is better than Bitcoin in 2018: ConsenSys, Enterprise Ethereum Alliance, ICO ’s and smart contracts Ibtimes has published an article about the future of Ethereum. The Ethereum ecosystem is faring slightly better than bitcoin in terms of price. According to OnChainFX Ether prices grew 10,298 percent since this time last year. Organizations such as ConsenSys and the Enterprise Ethereum Alliance drove institutional engagement while the initial coin offerings fundraising trend created hundreds of new Ethereum-based tokens. Continue reading ConsenSys, Enterprise Ethereum Alliance, ICO ’s and smart contracts (Ethereum Price Forecast)- Fri May 17 at Smartereum.

2019 Ethereum Prediction A recent analysis of the charts indicate that the price of Ethereum (ETH) has continued to drop sharply. In fact, the rate at which the digital asset is falling is much higher compared to other assets among the top tokens. This continued downward spiral has surprised investors and is causing concerns among many regarding were the digital asset is heading. It appears that no bottom is OK for Ethereum (ETH) as it continues to drop. Continue reading Ethereum Price Predictions 2019: Cryptocurrency’s value could triple (How high can the price of Ethereum go in 2019?) – Ethereum news- Fri May 17 at Smartereum.

Among the top three virtual currencies, none of have lost such a huge amount of value. Ethereum’s value erosion is nothing short of enormous. And with the Initial Coin Offering market now in trouble, it appears the issues Ethereum (ETH) is facing isn’t about to end anytime soon. Authorities around the world have started tightening the regulation of ICOs. This is why the fundamentals are not positive. A Fall Below the $100 Area Appears Likely The current price movement of Ether means that a fall below $100 is imminent. Continue reading Ethereum Price Forecast: How High Can The Price Of Ethereum Go? – Ethereum News Today- Fri May 17 at Smartereum.

When it comes to blockchain technology—blockchain patents in particular—one company stands out from every other. Alibaba [BABA] is leading the pack in blockchain patent and they are proud of it. “We are the most patented company in the world of blockchain technology,” Jing Xiandong, CEO of Alibaba ’s financial arm Ant Financial said. Alibaba’s Numerous Blockchain Patents to show Of the 406 patent applications related to blockchain in 2017, Alibaba had 43, second only to People’s Bank of China (PBOC) who filed 68. Continue reading How Alibaba is championing the application of blockchain technology in China and beyond- Fri May 17 at Smartereum.

Around a dozen banks are said to be spending $50 million to build a blockchain-based digital cash settlement system, according to Reuters.

Louis Vuitton and Dior just some of the luxury brands going Blockchain by partnering with Microsoft and Blockchain startup ConsenSys. Luxury Brand Louis Vuitton Meets… Ethereum Announced via a press release May 16, LVMH, the owner of various high-end fashion names, confirmed it was seeking to overhaul its business using the technology. The plans involve a whole new platform dubbed AURA, built on the Ethereum blockchain and which leverages the Microsoft Azure cloud platform. “AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets,” the press release summarized. The move marks a new frontier for the luxury market, Blockchain participation of which has so far taken a more limited form. As Bitcoinist reported, integrations have included schemes such as art auctions and e-commerce. Vuitton, for example, which began…

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Coinbase, ever expanding and adding new tokens, may be acquiring the cryptocurrency wallet provider and custody service, Xapo, The… The post Reports: Coinbase May Acquire Crypto Wallet Provider To Boost Crypto Custody Services appeared first on Invest In Blockchain.

A new Chainalysis research report published on May 15 states that a third of the world’s ether (ETH) is owned by just 376 people. These whales hold their coins on cold wallets, rather than on exchanges, according to a senior analyst of Chainalysis, Kim Grauer. Despite controlling a large portion of ETH’s circulating supply, the study found these “whales” are responsible for just 7% of all transaction activity. Chainalysis concluded that ETH whales do not impact the coin’s price much and that they do not transfer their crypto riches between wallets often. Image Source: Chainalysis However, the study shows that when a whale does transfer their ETH from a wallet to an exchange, the impact on market volatility is small but substantial from a statistical point of view. After analyzing the data from 2016-19 accounting for three including Bitcoin price, Whales sending to exchanges and Whales receiving from exchanges the research firm found…

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Chainalysis, a blockchain research firm, has published a report that shows 33% of all circulating Ethereum (ETH) tokens are… The post 33% Of Ether Owned By Only 376 People appeared first on Invest In Blockchain.

The New York Supreme Court has ordered Tether to stop loaning funds to its associated exchange Bitfinex. Judge Joel… The post NY Supreme Court Asks Tether To Freeze Transfers To Bitfinex appeared first on Invest In Blockchain.

Electricite de France (EDF), one of the top electrical companies in the world teaming up with iExec, an Ethereum based application. Both companies came together to optimize cloud computing with Blockchain Technology. EDF is the fifth largest electricity provider in the world with a market cap of $33 Billion. They use a simulator named “GPUSPH” for a wide range of uses including studying about water dams and even on the lava cooling subject. iExec is an Ethereum app which does the same. It combines Blockchain technology, cloud computing, and server computing services on demand. In a blog post, Blair Maclennan, Marketing and Community Manager at iExec also mentioned the news of the union. He wrote, iExec announced its work with EDF, one of the worlds largest electricity providers, to optimize its cloud computing infrastructure. By combining distributed computing, blockchain consensus, and trusted execution environments, iExec can address the needs of…

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Litecoin was able to price at an extremely advantageous position this morning but unfortunately has failed to maintain it. In fact, the rise was so good for LTC that it formed a new Month High for the coin. The highest point that was reached by LTC today was $107.71, which is the highest it has ever been since June 2018. However, it seemed like a pump and dump as the bullish trend has been completely floored for the last couple of hours. The price quickly dropped to around $96 per piece. LTC chart by TradeView The bull rush was expected today, hower not to this extent. Which explains why the price fells so much within such a small timeframe. It can be explained by unprepared investors, who were believing the price would drop by the end of the day. Needless to say, their predictions were correct, but they may have…

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Bitcoin [BTC] continued to hold the title of the king of cryptocurrencies, with over 56 percent dominance in the entire market. According to CoinMarketCap, at press time, it was priced at $7,941.01 with a market cap of $140.81 billion. The 24-hour trading volume of Bitcoin was $33.39 billion, with a negative change of 1.04% over 24 hours. BTC- 1 Day Source: TradingView The 1-day chart showed that there was an uptrend from $3816.18 to $8058.08. There was no major downtrend for Bitcoin. First support line stood at $4889.84 and the second support line stood at $3546.06. It got opposition from resistance line at $8220.35. Bollinger Bands: Bands were diverging, indicating high volatility rate for Bitcoin. Awesome Oscillator showed that the closing bar was green, signifying some bullish buying opportunity. Also, short-term momentum was greater than the long-term momentum. Chaikin Money Flow showed the indicator’s line above the zero-line, demonstrating an influx of money…

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A blockchain startup called Ava Labs has decided to show its testnet blockchain network to the world, which will be backed by a new consensus algorithm created by the company itself. The launch of the testnet happened at the Token Summit, an important conference which happens during Blockchain Week in New York. What does this […]

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