Day: November 7, 2018

Has Ernst & Young Done What Ethereum Could Not?

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Multinational auditing and consulting firm, Ernst & Young (EY), announced on October 30 the launch of their EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. This system aims to overcome three main barriers of current transactions and asset transfers on a public blockchain: The ability for companies to conduct secure transactions on a public network; Lower some of the barriers to more widespread blockchain adoption; and Enable a full traceability trail of private transactions. Although still only…

Trading Platform eToro Develops Blockchain Platform for Universal Basic Income Distribution

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Trading platform eToro has recently announced a blockchain-based social project to create a “non-speculative” cryptocurrency with the aim of paying social interest to those who “have less,” according to a press release obtained by Cointelegraph Wednesday, Nov. 7. The trading platform currently has over 10 million registered users and supports fourteen cryptocurrencies on its platform. The social project, dubbed GoodDollar, had been presented at Web Summit held this week in Lisbon, Portugal. According to the release, eToro has invested $1 million of its funds to the project and is seeking…

Two Pro-Crypto Candidates Score Wins in US Midterm Gubernatorial Elections

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Two pro-cryptocurrency candidates have won seats to become governors of the U.S. states of California and Colorado in the country’s midterm gubernatorial elections, fintech news outlet TrustNodes reports Nov. 7. In the California race, Democrat contender Gavin Newsom sealed 59 percent of the electorate’s support to defeat the Republican Party’s John Cox. According to local newspaper The Sacramento Bee, Newsom brought crypto onto the party political scene as early as 2014, when he became one of the first high-profile politicians to accept campaign donations in Bitcoin (BTC). The newly-elected California…

Mauritius Financial Commission Releases Draft Regulation for Crypto Custodian Services

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The Financial Services Commission (FSC) of the Republic of Mauritius has released a draft regulatory framework for crypto custodian services, according to an official document posted on Nov. 5. According to the announcement, the island country aims to establish regulation for custodian services for digital assets in order to enable users of crypto custodian services to have a due level of safety. According to the draft regulation, the FSC will issue a custodian service license that will allow an entity to operate as a holder of digital assets as well…

US Software Company Salesforce Wins Patent for Blockchain Anti-Spam Solution

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U.S. software company Salesforce has won a patent to detect spam emails using blockchain technology. The patent filing was published on the U.S. Patent and Trademark Office (USPTO) website Tuesday, Nov. 4. Salesforce, which offer its customers is a cloud-based mailing platform, patented a solution that allows for the detection of whether an initial email was modified while being sent. In addition, the blockchain-driven program could help improve the existing filters that often fail to distinguish between spam and regular emails, such as promo letters. As explained in the technical…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The sharp drop in Bitcoin’s volatility at a time when the volatility in the U.S. stock markets soared is a sign that cryptocurrencies have decoupled from equity markets. It has emerged as an independent asset class, buoyed by fundamentals. A recent report by Morgan…

Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on …

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As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade. Ten years has invited room for undeniable change. Bitcoin has seen roughly half a dozen market cycles, spawned a secondary market of more than 2,000 altcoins and laid the foundations for a surging blockchain industry. It has evolved from the obscure interest of cypherpunks and crypto anarchists to a viable, private…

Colorado and California Just Elected Pro-Bitcoin Governors

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Following the 2018 midterm elections, the U.S. will see two new pro-Bitcoin governors sworn into office. Jared Polis (D-CO) and Gavin Newsom (D-CA) both won out against their respective Republican contenders last night, November 6, 2018. While their campaign points and platforms were capitalized by a progressive agenda, their favorable attitudes toward cryptocurrencies and blockchain technology have caught the crypto community’s attention. Congratulations to early Bitcoin advocate @jaredpolis on being elected Governor of Colorado! “Polis said that he will use his powers in Congress to fight against any attempts by…

Analysis of the Global Crypto Exchange Market in Infographics

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In its attempt to present the ecosystem of crypto exchanges, BitMEX has published in-depth research into how these exchanges work. According to their recent tweet, various exchanges were evaluated by using different types of metrics, like web traffic, security policies, and more. In depth report into the crypto exchange ecosystem The robustness of exchanges are evaluated using metrics such as web traffic, average trade sizes, order book depth, security polices and price reliability The report was produced by @CryptoComparehttps://t.co/hmNptuThFY pic.twitter.com/JCSnydGckG — BitMEX Research (@BitMEXResearch) November 6, 2018 The report was…

Crypto Exchanges Line Up to Support Bitcoin Cash’s Hard Fork

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Six of the top 10 crypto exchanges by bitcoin cash (BCH) trading volume have announced plans to support the cryptocurrency’s upcoming hard fork on Nov. 15. Bitcoin cash’s roadmap includes upgrades to its core code every six months, but disagreement over some changes to the network have raised the specter that two distinct branches of the cryptocurrency could take shape, given that two implementations – Bitcoin ABC and Bitcoin SV – are being put forward by competing teams. While the outcome isn’t clear, one scenario would see two separate cryptocurrencies arise…