Business

  • A Million Bank Users Ask For Their Money, is Crypto a Viable Alternative?

    Almost one million customers of an Indian bank are currently without access to the money they deposited with the institution. The incident serves as yet another reminder of the shortcomings of the current banking system and the potential improvements offered by crypto. The bank in question has been under investigation for fraud and Mumbai police have arrested several of its executives. Customers have been only allowed to withdraw a maximum of $700 from accounts and many fear losing their life savings. Indian Bank Fraud Highlights Advantages of Crypto As reported by the BBC, protests over the harsh withdrawal limits imposed by India’s Punjab and Maharashtra Co-operative Bank have been going on for weeks now. The bank is suspected of fraud amounting to $600 million. Police arrested senior members of the institution in Mumbai, the financial heart of India, last month. PMC #Bank: Indian customers protest after #fraud investigation launched. Nearly a million angry customers of #India‘s Punjab and Maharashtra Co-operative bank are panicking as they struggle to access their money. https://t.co/708JTmDQVI — Carles Dijous (AAlb) (@carlesdijous) November 12, 2019 Since…

    Nov 13, 2019
  • How Andrew Wiggins Went from Draft Bust to NBA’s Best Clutch Scorer

    An “NBA draft bust” coming into 2019-20, Andrew Wiggins is playing the best basketball of his career. Long inefficient, he’s reaping the benefits of Minnesota’s new reliance on analytics. The sample size is small, but his early-season play seems sustainable. The first 46 minutes of Andrew Wiggins’ sixth NBA season all but ensured this one would be no different. Struggling to score efficiently and make the game easier for his teammates, Wiggins looked like exactly the same player he’d been throughout his career. Offseason hopes of wholesale improvement sparked by the Minnesota Timberwolves’ regime change had already been proven foolhardy. The last seven minutes of Minnesota’s season-opening victory against the Brooklyn Nets, though, allowed for that optimism to linger. Three weeks later, Wiggins is defying expectations in all the right ways, playing the best basketball of his career to lead the upstart Timberwolves to a 6-4 record. And while it’s still too early to call his play the new status quo, Wiggins’ early-season progress is nevertheless a reminder of how environment informs a player’s growth. Andrew Wiggins Is Playing the Alpha…

    Nov 13, 2019
  • Swiss Crypto Firm Sygnum Seeks a Banking License in Singapore » The Merkle Hash

    The future of crypto banking remains rather uncertain at this time. Singapore may prove to be a region worth exploring for cryptocurrency firms opting for this business model. Sygnum is one of those companies with big plans and high expectations. Sygnum is one of the many cryptocurrencies companies looking to disrupt traditional finance as people know it today. Sygnum Paves the way for Crypto Banking The Swiss company has made a name for itself by obtaining a conditional banking and securities license in its native country. To expand its venture, Sygnum hopes to make an impact in Singapore.  The choice for that country is not made by accident. Sygnum has a base in Singapore, thus it makes sense to try and establish a firmer presence in that Asian country. According to the firm, they will apply for a banking island in this nation. Talks with regulators are ongoing, and a petition for a capital markets services license has been filed. Although this will not make them a crypto bank by definition, it will bring the company one step closer to…

    Nov 13, 2019
  • Pundi X to power crypto payments on Ingenico point-of-sale (POS) devices

    Ingenico Group, a global payment services company, and crypto payment technology provider and network Pundi X, have announced the two parties have completed the integration of Pundi X’s XPOS software with the point-of-sale (POS) APOS A8 devices of Ingenico. Leveraging blockchain to facilitate payments Through this partnership, merchants around the world using APOS A8, Ingenico’s portable POS solution that runs on Android, will now be able to accept various cryptocurrencies as payment options and provide consumers with more secure and seamless transactions experience, powered by blockchain technology. “We are honored and excited to partner with one of the largest payment leaders in the world. Pundi X can now leverage the APOS A8, the most widely sold Android payment device in the world and benefit from Ingenico global support in a number of key markets. Enabling crypto payments in Ingenico’s APOS A8 devices will undoubtedly make cryptocurrencies and blockchain technology more accessible to even more people.”– Zac Cheah, Co-Founder and CEO of Pundi X Seamless crypto payments for a growing blockchain community Installing the XPOS module on an Ingenico POS terminal…

    Nov 13, 2019
  • BitGo Says It’s Now Processing 20% of Bitcoin Transactions

    BitGo is processing more than 20 percent of bitcoin transactions, the company said at CoinDesk’s Invest: NYC conference today. The announcement by the crypto custodian and issuer of hot and cold storage wallets means that a sizable share of on-chain transactions pass through its services, a sign of consolidation, and power, in the crypto space. It also raises questions about market collapse: If BitGo goes down, would those assets be at risk? But when asked that question directly, BitGo CEO Mike Belshe, on stage at “The Shape of Things to Come: Crypto Custody in a Proof-of-Stake World” panel, said there was nothing to fear. “The big thing we do is try to remove single points of failure,” Belshe said. BitGo’s multi-signature key system secures assets, even if one layer gets breached – the clients hold the keys, he said. Belshe credited BitGo’s growth to customers’ value of their multi-sig security. In a statement, he said: “It is a great assurance to our clients that they are always in control of their own assets no matter the circumstances. BitGo is their…

    Nov 13, 2019
  • Is Baltimore Ravens Quarterback Lamar Jackson the Next Big Deal?

    Baltimore Ravens quarterback Lamar Jackson has gone from being a guy doubted by many to one being touted as a potential MVP candidate. As the QB of the 7-2 Ravens and a regular in highlight reels every week, it is not hard to see why. However, is our desire to find the next great player clouding the judgment of fans and analysts? Is he a creation born from feasting on poor teams, or is he the real deal? Baltimore Ravens quarterback Lamar Jackson has been tearing up defenses this season. His stat line on any given week has been impressive—and the results speak for themselves. The Ravens are now considered a legitimate Super Bowl contender, and Jackson’s a frontrunner for MVP. He is fun to watch, a human highlight reel; there is no denying that. So, when John Harbaugh sits down next to him during Sunday’s win over the Bengals and starts singing his praises, it is not hard to understand why. But is he right? Lamar Jackson—Transcendent Talent Already? Listening to Harbaugh, it sounds like he believes he has…

    Nov 13, 2019
  • 3 Reasons Why NEO is Surging Right Now

    NEO price has reawakened again, rising to above $12 counter to the trend of Bitcoin (BTC) and other altcoins. This is the second significant run for the project following the recent announcement that China was taking a more lenient policy on crypto assets and planning new legislation in 2020. NEO rose to $12.14, growing by more than 9% as of 2:13 GMT on Tuesday. The asset’s market price has made temporary hikes to a higher range, though for now it sits way below peak prices around $199. But here are 3 reasons why NEO still the potential for another rally. Renewed Chinese Interest in Trading Only a few weeks ago, Chinese traders seemed to have disbanded and retail chat groups appeared to have moved on, according to Primitive Ventures Founder, Dovey Wan. But the sentiment is changing once again, as China’s President announced renewed interest in blockchain and crypto. Chinese crypto project, NEO, is already starting to see the effects of this promising development, though the prevailing opinion is that the rallies will be temporary, based on hype and narrative….

    Nov 13, 2019
  • Crypto service company Paxos launches new fiat gateway and API tools

    Paxos, the first New York regulated trust company for digital assets, specializing in bitcoin/crypto custody, trade and settlement, announced today new solutions that businesses can utilize to bridge between traditional and digital assets. Binance, the leading global cryptocurrency exchange, and blockchain ecosystem, will be the first to integrate its new fiat gateway solution. “Paxos is a trusted partner that keeps innovating ways to make traditional and digital assets more interoperable. The new Fiat Gateway is the fastest, simplest U.S. dollar on/off ramp for our customers. We look forward to working more closely with Paxos to integrate additional solutions.”– CZ (Changpeng Zhao), Binance CEO Qualified businesses will be able to use these new tools directly for their own transactions as a first-party, or they can host the solutions as a third-party for their customers to utilize. The new tools include: Fiat Gateway – A solution that enables customers to easily swap between dollars and stablecoins issued by Paxos, including both Paxos Standard (PAX) and Binance USD (BUSD). For example, a crypto-native platform could use the fiat gateway to accept dollar deposits and…

    Nov 13, 2019
  • Bitcoin On Verge Of A Breakout To $10,000 – BitMEX Margin Trading |

    Bitcoin longs traders look forward to an almost certain falling wedge pattern breakout. Bitcoin short term trend clouded by a bearish bias; targets $8,000. Bitcoin perpetual swap contact longs traders on BitMEX margin trading platform have remained bullish despite the recent slump. In addition to that, the price is strongly pressed down upon by broken support areas that transformed into resistances. Besides, the price can be seen to be narrowing down below a higher low pattern towards $8,000. Following the slump on Friday, Bitcoin’s price action has been lethargic under $9,000. A step above $9,000 failed to garner support hence Bitcoin slumped back into the $8,000 and even broken the weekend support at $8,600. A new November low has been formed at $8,550 and XBT/USD has adjusted to $8,747 (current market value). XBT/USD daily chart Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte XBT/USD price chart by Tradingview, BitMEX Technically, Bitcoin downside is still strongly bearish. For instance, the Relative Strength Index (RSI) is moving lower under the average. It has a target set on 40 but 30…

    Nov 13, 2019
  • Market Mostly Trades Sideways as Bitcoin Price Hovers Around $8,800

    Tuesday Nov. 12 — Cryptocurrency markets are largely trading sideways with many changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the better part of the day and continues to circle the $8,800 price mark. The world’s largest cryptocurrency bounced off a local low of $8,705 earlier today before moving to its current trading price at around $8,750, showing a small gain of 0.27% on the day. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC daily price chart. Source: Coin360 Bitcoin continues its struggle to hold on to its current trading levels, but traders, including Cointelegraph contributor Michaël van de Poppe, are starting to wonder whether  BTC could drop further to around $8,400. Well-known crypto industry figure Bobby Lee, on the other hand, doesn’t fear BTC’s current price struggles, as he recently said that Bitcoin will eventually surpass the market cap of gold and could ultimately be worth a whopping $1 million.  Ether (ETH), meanwhile, is currently sitting at $186 per coin….

    Nov 13, 2019
  • Why Litecoin May Soon Post Major Gains Despite Current Bearishness

    Litecoin (LTC) has been facing an ongoing influx of selling pressure ever since its mining rewards halving that occurred this past-summer, which sparked a deep-cutting sell-off in spite of the fact that many investors and analysts had believed it to be a bullish event. In the near-term, analysts are noting that they anticipate the cryptocurrency to see further upwards momentum, especially against LTC’s Bitcoin trading pair. Litecoin May Be Positioned for Upwards Momentum in Coming Months At the time of writing, Litecoin is trading down just under 2% at its current price of $60.80, which marks a notable drop from LTC’s daily highs of $63.00 that were set yesterday. LTC’s bearish price action as of late has largely been influenced by that of Bitcoin, which has been struggling to gain any upwards momentum as it trades just a hair above its key near-term support level at $8,700. Litecoin’s current bearishness, however, may be short-lived, as analysts are noting that the cryptocurrency may be positioned for further gains in the near-term as it recently broke above the upper boundary of a…

    Nov 13, 2019
  • Elrond blockchain to anchor data on supply chain tracking app TailPath

    Elrond, a recently launched blockchain network, announced today that its infrastructure will be used to anchor supply chain data on secure tracking management application TailPath. The TailPath mobile app, created by SupplyBlockchain, Inc. will benefit from the collaboration with faster transaction times, enabling real-time reading and writing of data at negligible fees. Through a development grant from by Elrond, SupplyBlockchain will take possession of ERD tokens to cover smart contract deployments and transaction fees for integration tests and customer acquisition. “Blockchain technology is a perfect fit to address the inefficiencies of supply chains. We are pleased to support TailPath integrate their product with Elrond in a native manner, without adding unnecessary complexity via secondary tokens. This will keep the costs for their customers as low as possible while also providing a meaningful use for our ERD token and our overall infrastructure.”– Beniamin Mincu, Elrond CEO Their flagship product TailPath has already been successfully used in NATO military exercises, making it one of the world’s first blockchain use cases deployed for military purposes. “The tremendous inefficiencies in the ever more complex…

    Nov 13, 2019
  • Hideo Kojima’s Death Stranding World Record Uncovers Problem With the Game

    Death Stranding creator Hideo Kojima has achieved two Guinness World Records. Kojima is the most followed video game director on Twitter and Instagram. However, the records may reveal a problem with Death Stranding. The Guinness World Records Twitter account announced that Death Stranding director Hideo Kojima is now a two-time world record holder. Kojima, who also created the Metal Gear Solid series, is officially the most followed game director on Twitter and Instagram. On Twitter, Kojima has 2.8 million followers on his English account, while his Japanese account has 814,500 followers. On Instagram, Kojima has 931,000 followers. Cliff Bleszinski, another popular game director, has just 618,700 followers on Twitter. God of War game director Cory Barlog has just 156,300 followers on the site. Kojima’s career in the games industry began in 1986, and he has been popular from then on. However, Kojima’s following on social media has really grown since announcing Death Stranding in 2016. Posts from the developer range from character and casting announcements to new Death Stranding trailers and a look at the development process for the game….

    Nov 13, 2019
  • Chainalysis’ ‘Kryptos’ Tool Is an Inside Look for Outside Investors

    Chainalysis is building a crypto-space risk data clearinghouse for financial institutions. Its new Kryptos platform will help institutions parse regulatory hazards and build risk assessment models. Kryptos “is our step towards financial institutions, so they can have the transparency they need to build risk management programs and integrate into the crypto economy,” Chainalysis co-founder and COO Jonathan Levin said. It’s the blockchain analysis firm’s first product to specifically target institutional players, joining KYT, the exchange-facing anti money laundering software, and Reactor, which helps investigators trace criminal money flows. Those products help governments, crypto companies and investigators analyze their sectors of the crypto economy, Levin said. But while those entities grasp the larger crypto ecosystem, crypto-curious investors, including the banks and advisors not already involved, have no clear point of entry. That could stymie investment. Chainalysis’ solution: build a “trusted and referenced” dataset for new market entrants. Levin said: “If you are in a financial institution and trying to understand who the major players are what assets are trading where they are registered, how their activity looks on the blockchain, and…

    Nov 13, 2019
  • Bitcoin Wallet Reviews: What’s the Best Hardware Wallet on the Market? Part 2

    This is the second article in a three-part series that examines five of the most popular Bitcoin hardware wallets. Read the first part here. By request, samples were provided by some of the companies for review purposes. There are multiple reasons why the user interface recommended, developed or provided by hardware wallet manufacturers is important.  First of all, depending on the nature of this visual interaction, users get various degrees of privacy and security. For example, websites and browser plug-ins are convenient but very risky and vulnerable to malware and phishing attacks; proprietary software installed on the hard drive is excellent but may leak some data to the company server; and integrations with your full node via Bitcoin Core, the Electrum Personal Server or Wasabi are ideal because they enable complete sovereignty and maximum privacy.  For the purpose of promoting a particularly safe way of storing and sending bitcoin, this review will intentionally exclude internet browser plug-ins and webpages (unless they are the only official way to access the wallet). These features are nice to have, but they are susceptible…

    Nov 13, 2019
  • Blockchain employment opportunities show 26 percent increase |

    Blockchain employment opportunities are pretty much everywhere these days, and now, research reveals the great potential in the current growth rate. According to the latest research study by “Seen by Indeed,” the blockchain and cryptocurrency industry is reflecting an optimistic scenario for those who are seeking employment opportunities in the blockchain and crypto industry. Increase in Blockchain employment opportunities From the year 2018 to this the year 2019, an increase of 26 percent was witnessed in the blockchain and crypto-related employment advertisements in-shares per million on the popular sites of the job listing, following the four-year growth trend of 1,457 % in this sector. In the meantime, the sector-specific job searches experienced a drop of about 53 percent following a prolonged descending trend, as per the research study. The interest of job seekers spiked during the bullish trend in the crypto-market in Q4. The price of Bitcoin hit its all-time high of about $20,000 in that period; however, it tailed off gradually. So, getting into a bit details, the top five sector jobs this year that are posted by employers…

    Nov 13, 2019

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