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“Bitcoin Jesus” Still Bullish on Bitcoin Cash After Hard Fork

Roger Ver is still bullish on Bitcoin Cash despite its steady decline in price over the month going into yesterdays hard fork. “Bitcoin Jesus” Still Bullish on Bitcoin Cash Roger Ver appeared on CNBC’s Fast Money yesterday to talk up Bitcoin Cash (BCH) where he said: “I’m incredibly bullish on bitcoin cash for the exact same

The post “Bitcoin Jesus” Still Bullish on Bitcoin Cash After Hard Fork appeared first on NewsBTC.

Roger Ver is still bullish on Bitcoin Cash despite its steady decline in price over the month going into yesterdays hard fork.

“Bitcoin Jesus” Still Bullish on Bitcoin Cash

Roger Ver appeared on CNBC’s Fast Money yesterday to talk up Bitcoin Cash (BCH) where he said: “I’m incredibly bullish on bitcoin cash for the exact same reasons I was bullish on bitcoin back in 2011.” Sometimes referred to as the “Jesus of Bitcoin” as he was one of the first investors in the digital currency, Ver now endorses Bitcoin Cash which he says was developed specifically for transactions.

Bitcoin Cash was forked from Bitcoin last year by a group of developers who recognized upgrades in the original software could improve the coins transaction efficiency. Referring to Bitcoin as Bitcoin Core Ver said the software is “slow, expensive and unreliable.”

Ver who is CEO of Bitcoin.com a website which guides investors in the cryptocurrency market told the host of Fast Money that innovative business are being built with Bitcoin Cash in mind “because it actually works.” He continued on the show to say:

“All of these existing businesses are building their new products on top of bitcoin cash, the economic path that bitcoin cash is on is the one that lead to bitcoin’s original success,”

BCH Hard Fork Brings no Relief From Sliding Price

Bitcoin Cash beat other large-cap currencies in the last month like Ethereum and Bitcoin to be the best performing coin even though it has been on a steady decline leading up to the May 15 fork.

Trading at a low today of $1,250 according to livecoinwatch.com, BCH is down considerably from its recent high of $1,754 on May 6 but still almost double it’s April 17 low of $763 when Brian Kelly of BKCM said it would make a comeback within the year.

Tuesday’s hard fork introduced several changes to the network which included an increase of the maximum block size to 32 MB which allows as many as 61 transactions per second to occur. However it didn’t generate an uptick in price during the lead up to it.

Just the opposite has happened in fact, BCH has lost around 12% in the 24 hours since the fork. Why? Because this latest fork offered no benefits to those who already own BCH. Traditionally a fork would reward currency holders by doubling their amount of equivalent coins. Holders would retain their original investment and receive the same amount on the new blockchain. With this fork, holder’s coins will simply be moved to the new blockchain at the same value.

Ver isn’t put off by Tuesday’s decline though and has even predicted that Bitcoin Cash will double in price by years end. As he told CNBC;

That’s what actually gives it it’s underlying value, that you can use it in commerce to pay for things. Whereas, a lot of these other tokens out there just kind of turn into speculative assets that don’t actually have any utility.”

 

Image from Shutterstock

The post “Bitcoin Jesus” Still Bullish on Bitcoin Cash After Hard Fork appeared first on NewsBTC.

JP Morgan’s Wall Street chief talks China, bitcoin, Amazon, and preparing for an inevitable big downturn in stocks – CNBC


CNBC

JP Morgan’s Wall Street chief talks China, bitcoin, Amazon, and preparing for an inevitable big downturn in stocks
CNBC
Pinto: We are looking into that space. I have no doubt that in one way or another, the technology will play a role. [Regarding bitcoin], you cannot have something where the business proposition is to be anonymous and to be the currency for unknown


CNBC

JP Morgan's Wall Street chief talks China, bitcoin, Amazon, and preparing for an inevitable big downturn in stocks
CNBC
Pinto: We are looking into that space. I have no doubt that in one way or another, the technology will play a role. [Regarding bitcoin], you cannot have something where the business proposition is to be anonymous and to be the currency for unknown

Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

Key Points Bitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar. There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair even broke the last swing low and

The post Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300 appeared first on NewsBTC.

Key Points

  • Bitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar.
  • There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair even broke the last swing low and it could continue to decline towards the $1,200 level.

Bitcoin cash price tumbled below key supports against the US Dollar. BCH/USD is now trading well below $1,300 with a bearish angle in the short term.

Bitcoin Cash Price Decline

Yesterday, we discussed how $1,480 and $1,500 levels stopped the upside move in bitcoin cash price against the US Dollar. The price failed to move above the mentioned levels and declined sharply below $1,400. The decline was such that the price even broke the 76.4% Fib retracement level of the last wave from the $1,330 low to $1,495 high.

It opened the doors for more losses and there was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair. The pair even settled below the $1,300 support and the 100 hourly simple moving average. These are bearish signs below $1,300 and it seems like the price may continue to trade lower in the short term. It is currently trading near the $1,240 level with a lot of selling pressure. If it corrects higher it could test the 23.6% Fib retracement level of the last drop from the $1,495 high to $1,240 low.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the price may continue to accelerate declines towards the $1,200 level. Any further declines would depend how buyers react around the stated $1,200 support level in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is accelerating momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD has reached the oversold levels.

Major Support Level – $1,200

Major Resistance Level – $1,300

The post Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300 appeared first on NewsBTC.

Smart Contract-Based Decentralized Exchange Dex.top Launches This Month

Smart Contract-Based Decentralized Exchange Dex.top Launches This MonthThis week news.Bitcoin.com spoke with the team behind a new trading platform called Dex.top — a decentralized exchange built using a smart contract. According to the Dex.top developers the exchange has no access to a user’s private key and assets are never held on the Dex. This means, much like the cryptocurrency wallets out there […]

The post Smart Contract-Based Decentralized Exchange Dex.top Launches This Month appeared first on Bitcoin News.

Smart Contract-Based Decentralized Exchange Dex.top Launches This Month

This week news.Bitcoin.com spoke with the team behind a new trading platform called Dex.top — a decentralized exchange built using a smart contract. According to the Dex.top developers the exchange has no access to a user’s private key and assets are never held on the Dex. This means, much like the cryptocurrency wallets out there that allow individuals full control over their private keys, Dex does the same as it acts a non-custodial trading platform.

Also Read: Steve Eisman of ‘The Big Short’ Fame: What Value Does Cryptocurrency Actually Add?

A New Bitmain-Incubated Cryptocurrency Exchange Dex.top Utilizes a Smart Contract to Facilitate Decentralized Trades

The Switzerland-based exchange, Dex.top, is an open source decentralized trading platform incubated by the well-known blockchain firm Bitmain Technologies. Unlike traditional cryptocurrency exchanges, Dex.top is built from a smart contract that is compatible with both the Ethereum and RSK networks. The organization claims that all assets are kept within a smart contract and are never held by the exchange. Dex.top says that users maintain full control over their assets and transactions are always signed by the users themselves.

“Technically users do not need to trust Dex.top, as Dex.top neither has a user’s asset nor does it have the authority to transfer the user’s asset. Lastly, our platform utilizes Raft’s algorithm to ensure our system’s security and usability,” explains the Dex development team.

It initially creates ROC (Replayed-On-Chain) trading mechanism, which supports off-chain and on-chain of two ledgers that secure assets and instant trading.      

Smart Contract-Based Decentralized Exchange Dex.top Launches This Month

Dex.top and Metamask

The exchange explains that as it builds on the ERC-20 framework, in the future developers hope to add other public blockchains into the mix such as RSK, BCH, and EOS. This week news.Bitcoin.com was granted access to look at the exchange via the trading platform’s trial period. Dex.top representative, Yixuan Lin, tells us the trading platform’s public launch will begin around the end of May. While giving the platform a tour we noticed that users utilize Metamask as their wallet which gives the exchange fluid transfers with ETH or ERC-20 tokens. Users simply tether their Dex account to the Metamask wallet and when you sign to deposit or withdraw tokens users confirm via the Metamask UI. The Dex team in the future it will also be collaborating with other wallets like Imtoken, Bitcome, and the hardware wallet Ledger. At the moment due to the pre-trial period, the Dex.top platform has very little volume and users at the moment.

Smart Contract-Based Decentralized Exchange Dex.top Launches This Month
The Dex.top user interface.

The Dex.top Team Plans to Integrate an ERC-721 Marketplace and Collaborate with Other Decentralized Platforms

Additionally, the Dex.top team says it hopes it can also work with other prominent decentralized exchange platforms like Kyber, IDEX, and DDEX. Alongside this, the project will also be implementing ERC-721 protocol compatibility and a marketplace for these types of tokens. Yixuan Lin explains to news.Bitcoin.com that the Dex.top team members are based in Switzerland, the United States, Singapore, and Hong Kong and all of them are huge fans of decentralized concepts. For now, users can register on the platform and check it out, while the Dex.top team emphasizes that they look forward to greeting the cryptocurrency community at the end of this month with its new exchange.

What do you think about the Dex.top platform and concept? Let us know your thoughts in the comments below.


Images via Shutterstock, Pixabay, and Dex.top


Need to calculate your bitcoin holdings? Check our tools section.

The post Smart Contract-Based Decentralized Exchange Dex.top Launches This Month appeared first on Bitcoin News.

Social Cryptocurrency Trading and Brokerage Firm eToro Is Expanding to U.S.

Israeli-based social trading platform eToro is expanding to the U.S. If all goes according to plan, U.S. citizens will be able to trade cryptocurrencies on the company’s platform sometime later this year.The anno…

Social Cryptocurrency Trading and Brokerage Firm eToro Is Expanding to U.S.

Israeli-based social trading platform eToro is expanding to the U.S. If all goes according to plan, U.S. citizens will be able to trade cryptocurrencies on the company’s platform sometime later this year.

The announcement, which eToro made today, May 15, 2018, at Consensus in New York City, comes on the heels of a $100 million funding round that eToro received in March 2018, bringing its total funding to $162 million. The company said at the time it would use the funds to expand into new markets.

eToro is a regulated global brokerage firm for trading cryptocurrencies, stocks, commodities, ETFs and more. Currently, the company has offices in Israel, throughout Europe and in the U.K. Now it is gearing up to launch in the U.S. American citizens will only be able to trade cryptocurrencies on eToro at first.

According eToro CEO and founder Yoni Assia, who spoke with Bitcoin Magazine, the company is currently in talks with U.S. financial institutions, regulators and regulatory advisors, and has already registered with the Financial Crimes Enforcement Network (FinCEN). The company is opening an office in New Jersey, says Assia.

“We believe we are going to see trillions of dollars moving into crypto and blockchain assets, and as we are one of the largest players in Europe and expanding to Asia as well; it seems logical to also have a significant footprint in the U.S,” he said.

The company is also aiming to launch a crypto wallet later this year. The digital wallet, which will enable users to hold multiple cryptocurrencies, will be available on the Apple App Store and Google Play Store.

About eToro

Founded in 2007, eToro now has over 10 million registered users trading more than 1,200 instruments, including Apple, Microsoft, Snap and Facebook, on the platform. The company has 500 employees.

In January 2014, eToro launched bitcoin (BTC) trading, becoming one of the first mainstream trading platforms to embrace cryptocurrency. But, really, eToro began getting involved in the crypto scene even earlier than that. Assia started looking into Bitcoin in 2011, going to conferences and meeting people in the crypto community. Two years later, he co-wrote the Colored Coins white paper with Ethereum creator Vitalik Buterin. (Colored Coins basically allows the creation of multiple assets on top of the Bitcoin blockchain.)

Cryptocurrency trading has turned into a profitable business for eToro. Between 2014 and early 2017, only 5 percent of eToro users were trading cryptocurrencies, Assia says. Then in March 2017, eToro added Ethereum (ETH) and five more coins in September 2017. At that point, “we started seeing a lot of our users flocking to cryptocurrencies,” he said.

Today, eToro carries the top 10 cryptocurrencies by market cap, and more than half of eToro users are trading cryptocurrencies on the platform. “They are interested today in cryptocurrencies more than they are interested in any other asset,” Assia said.

Social features are what sets eToro apart from other cryptocurrency exchanges. Users can send messages and share trading info among themselves. A feature called CopyTrader allows users to replicate other users’ trades. The concept is similar to mirror trading, a well-established trader strategy. eToro also lets traders invest in a Crypto CopyFund, which provides a diversified portfolio of major crypto assets.

Assia sees blockchain technology as a true game changer. “I think that it is an invention that is potentially as big as the internet and electricity, so one of the core big inventions of humanity,” he said.

This article originally appeared on Bitcoin Magazine.

Man Who Sold Everything for Bitcoin Won’t Buy a Lambo, Has No Plan B

When Didi Taihuttu (pictured, far right, with his family) sold everything he owned to go all-in on Bitcoin last year, his controversial decision evoked diverse reactions from the public and the crypto sphere. A minor celebrity in his home country of the Netherlands, Didi received admiration from some who felt he made a courageous decision, …

The post Man Who Sold Everything for Bitcoin Won’t Buy a Lambo, Has No Plan B appeared first on BitcoinNews.com.

When Didi Taihuttu (pictured, far right, with his family) sold everything he owned to go all-in on Bitcoin last year, his controversial decision evoked diverse reactions from the public and the crypto sphere. A minor celebrity in his home country of the Netherlands, Didi received admiration from some who felt he made a courageous decision, while others perceived his actions as irresponsible, owing to the uncertain future of Bitcoin.

Better known as the ‘Dad’ of his ‘BitcoinFamily’, Didi has been a proponent of a new minimalist lifestyle ever since, being outspoken on the benefits it has had on his family. Six months after his life-changing act, Bitcoin News caught up with him, speaking about the driving forces behind his decision, as well as on the trajectory of fintech start-ups and initial coin offerings (ICOs).

Supporting the financial revolution

Bitcoin News (BN): You sold your family home in the Netherlands to live in a chalet with your family, and are currently in the process of selling your possessions in order to invest further into Bitcoin. What is the primary cause driving you to change your life like this?

Didi: We went all-in [on] Bitcoin between February and September 2017. The two main reasons are on the one hand I felt the monetary revolution was starting and on the other hand we did it to live a minimalist lifestyle and show our children we can be very happy without having all the luxury. We had always been very materialistic but during our world trip, we discovered that we were very happy traveling with just three backpacks and staying in small guesthouses. So we sold everything, ended up with a bag of money and decided to go all in crypto to support the revolution.

BN: Did you question your decision at all when the value of Bitcoin plunged in December last year?

Didi: No, because we were still in profit and we agreed that we were hodling minimal to 2020 to see what happens. I experienced some crashes earlier that year so you get used to it. Hahaha.  I do trade daily with about 20% of our capital to multiply our BTC. To be honest we think that we will stay into it till the point that we can use our crypto to pay for our daily needs and that we don’t need to change back to fiat ever again. In the end, Bitcoin will be much higher and this will go with ups and downs.

On minimalism and not buying a Lambo

BN: Has the government ever tried to contact you or your family about the changes you have made?

Didi: Yes of course because it’s not allowed to travel with your children and not send them to school in the Netherlands. We solved this together with them and now everything is fine. They didn’t contact me about the crypto part though.

BN: You have spoken positively of the minimalist lifestyle that this has created, but also that you are holding out for long-haul massive gains that you expect from Bitcoin. Does this make it contradictory for you to be a proponent of minimalism?

Didi: No not at all, because we don’t choose to be poor but we choose to live a minimalist lifestyle. People need to understand that minimalism is not about being poor but about living a bit more conscious and spending crypto or money on things that you really need. We are all products from the forced buy economy in the 1990s but did we really get happier because of buying more and more?

That said, for us, it is no problem at all if we go bankrupt because of this adventure. Then we will just start over again. If we will make huge profits we can live this minimalist lifestyle for a very long time. We are not going to buy a Lambo etc. because we would rather spend it on, for example, educating poor people around the world about crypto and how to use it.

BN: What do you say to your critics that see it as problematic to put your family in a seemingly unstable living environment for the sake of bitcoin? Is there something in particular about bitcoin that you see as a worthy cause to do this perhaps?

Didi: Firstly people need to understand that it was a family choice. My wife and kids agreed on this lifestyle and adventure. Mostly when people say things like “it’s not healthy or normal to live on a campsite with your kids”, I just ask them if it’s healthy to work your ass off for 48 weeks a year to spend two weeks with their kids on that same campsite?

We respect everybody for how they live and just hope people can respect us for the way we live. We chose to spend more time with our family and really educate our children the way we want. Our kids are very happy and traveling the world and learning a lot from this. Is this the right decision? We don’t know but we try to live and enjoy life day by day and teach our kids to do so as well, because we can’t predict the future, so why worry about it?

Faith in Bitcoin and blockchain

BN: Do you have a contingency plan if things all fall apart?

Didi: No, we don’t have a plan B and we won’t be needing it because blockchain and crypto won’t fall apart. It will change the world in a way most people can’t even imagine at this point in life. As said we try not to worry about the future because we can’t predict it. I think people worry way too much about the past or future even though they know they can’t change it. Just do what makes you happy every day and enjoy doing that. We are writing a book about our Bitcoin adventure at the moment so maybe that will turn into plan B.

BN: Bitcoin has always received a lot of criticism; now it is largely focused on fraudulent ICOs. As an advisor to several blockchain projects, what advice would you give startups looking to foster a trusting, legitimate business network in this time of bad press?

Didi: There are many ways but most important is that the ICO’s product needs to have a real use case. If it has a real use case, then ICObench is, for example, one of the platforms where you can present your ICO. Use the help of experienced ICO advisors. With experience, I mean people that have experience in running businesses and have experience in crypto as well. Those advisors can guide you and provide you with a network and thus investors.

People sometimes ask me, “but how can you be an advisor? You just sold your house and got a bit famous”. People seem to forget that I also sold the companies that I built from scratch and had been running for 15 years with 16 employees at peak time. People forget that I started mining Bitcoin and Dogecoin in 2012 and experienced many crashes. But they are right that we got a follower base because of our decisions and that could be helpful for an ICO as well.

5-dollar white paper ICOs vs “real decentralized currency”

BN: 46% of ICOs have been reported to have launched in Q1 of this year with just an idea, and no coding or further development done. Do you feel there is true world value to all of these projects launching, and do you feel startups have a responsibility to provide an initial investment to fund some project development?

Didi: I don’t know all the projects but I think there are projects that lack value. But I don’t think that projects need to provide an initial investment because then the whole meaning of an ICO or crowdfunding aspect disappears. Investors just need to do research before stepping into the ICO. In the end, it is your decision to invest in the ICO or not.

I would never invest in a project that just has a nice white paper and nothing else to show. You can buy a whitepaper online for USD 5 so that’s the value. If you want to be sure if it’s a real good ICO, visit them or meet them at a conference and talk with them. Then decide to go in. If you don’t want to take time to research then just invest money you can afford to lose. I invested, for example, USD 250 in the Electroneum ICO last year which gave me about USD 2,800 in return. If I had lost the USD250 it wouldn’t have been a drama.

BN: Do you see the future of cryptocurrencies dominated by different tokens, or do you believe Bitcoin will retain its position as the most crucial player?

Didi: I do think that for example Ethereum, Litecoin, and NEO will be big players in the future as well but in my opinion, Bitcoin is and will stay the leader. It has the advantage of being the first, the advantage of the biggest network and most importantly the advantage of being  “the only real decentralized currency”.

Many new currencies have a marketing team and a leader or a foundation led by a spokesman etc. What if this leader leaves the company and a new leader comes with other ideas? If the government wants to shut them down, they can go to that office or leader and really shut it down. Is it then really decentralized? With Bitcoin, this is not the case. There is no company or spokesman, you can’t shut them down or influence it in any way. You can just copy(fork) it and try to improve it and that was exactly Satoshi’s vision.

 

To learn more about Didi and his journey, visit his website, or join his Telegram channel

 

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The post Man Who Sold Everything for Bitcoin Won’t Buy a Lambo, Has No Plan B appeared first on BitcoinNews.com.

Regulators have blown up bitcoin trade in Africa’s most active crypto currency market – Quartz


Quartz

Regulators have blown up bitcoin trade in Africa’s most active crypto currency market
Quartz
Harare, Zimbabwe. Tech savvy Zimbabweans have long used bitcoin and other cryptocurrencies to plug foreign currency and liquidity gaps plaguing the country, so much so that the southern African country has become one of Africa’s most active markets for …
Zimbabwe Bans Banks from All Bitcoin DealingsCCN

all 45 news articles »


Quartz

Regulators have blown up bitcoin trade in Africa's most active crypto currency market
Quartz
Harare, Zimbabwe. Tech savvy Zimbabweans have long used bitcoin and other cryptocurrencies to plug foreign currency and liquidity gaps plaguing the country, so much so that the southern African country has become one of Africa's most active markets for …
Zimbabwe Bans Banks from All Bitcoin DealingsCCN

all 45 news articles »

John McAfee Claims Bitcoin Private Will Eventually Replace Monero

TheMerkle Bitcoin privateThe cryptocurrency world is home to many charismatic individuals. A lot of people value those individuals’ opinions more than anything else. John McAfee is quickly making a name for himself in the cryptocurrency industry. One of his most recent comments will irk a lot of people, though. Calling Bitcoin Private superior to Monero is a very interesting opinion. McAfee Favors Bitcoin Private No one will deny there have been many hard forks of Bitcoin in the past few months. All of these forks attempt to do something different at this stage, but it has become apparent most of these new

TheMerkle Bitcoin private

The cryptocurrency world is home to many charismatic individuals. A lot of people value those individuals’ opinions more than anything else. John McAfee is quickly making a name for himself in the cryptocurrency industry. One of his most recent comments will irk a lot of people, though. Calling Bitcoin Private superior to Monero is a very interesting opinion.

McAfee Favors Bitcoin Private

No one will deny there have been many hard forks of Bitcoin in the past few months. All of these forks attempt to do something different at this stage, but it has become apparent most of these new creations are lacking in one key aspect. More specifically, there are virtually no Bitcoin forks focusing on the features people have been asking for.

The main feature Bitcoin lacks at this stage is privacy. Although it offers pseudonymity, there is no privacy to speak of. That is, unless users decide to rely on third-party services such as coin mixers and instant exchanges to convert to and from altcoins. By default, Bitcoin has no privacy or anonymity features, nor will it have such traits anytime soon. Developers are working on potentially implementing such tools, but it is not a big priority at this stage.

John McAfee is a very bullish individual when it comes to specific cryptocurrencies. Despite Bitcoin’s apparent flaws, he expects the world’s leading cryptocurrency to hit a value of $500,000 pretty soon. He is also keeping close tabs on all of the Bitcoin hard forks to determine if any of them have any long-term potential. So far, he hasn’t jumped on board the Bitcoin Cash, Bitcoin Gold, or Bitcore bandwagons just yet.

Instead, McAfee does what he is best known for: throwing a curveball. In a recent interview, he stated that Bitcoin Private is the “best hard fork of Bitcoin” to date. That is a very peculiar statement, as very few use cases for BTCP exist at this time. Then again, cryptocurrency speculation has nothing to do with use cases, but rather with hyping up projects.

That is not all, though. In the same interview, McAfee said he is confident Bitcoin Private has the potential to ultimately replace Monero. That’s a very peculiar statement, considering that Monero and Bitcoin Private are nothing alike. They both provide privacy, but Monero is mainly focused on anonymity through proper technology. It is a bit unclear how Bitcoin Private plans to handle that aspect in the future.

This comment by John McAfee will undoubtedly trigger another major Bitcoin Private price pump. It won’t be the first, as this particular altcoin has seen its value fluctuate quite often. Major gains lead to heavy losses until the cycle repeats itself. Until there is any real use case for Bitcoin Private, it will have no advantage over Monero whatsoever.

Dutch national exam quizzes high school students on Bitcoin math – TNW


TNW

Dutch national exam quizzes high school students on Bitcoin math
TNW
This year’s VWO examination – a matriculation test high school students are required to take to be eligible to pursue university education in the Netherlands – featured an unorthodox theme: Bitcoin. The students were provided a description for Bitcoin


TNW

Dutch national exam quizzes high school students on Bitcoin math
TNW
This year's VWO examination – a matriculation test high school students are required to take to be eligible to pursue university education in the Netherlands – featured an unorthodox theme: Bitcoin. The students were provided a description for Bitcoin

8 Reasons Bitcoin Could Drop By Another 50% – Motley Fool

Forbes8 Reasons Bitcoin Could Drop By Another 50%Motley FoolFellow billionaire entrepreneur Richard Branson is a strong believer in bitcoin and believes blockchain technology could bring about an economic revolution. Meanwhile, none other than illustri…


Forbes

8 Reasons Bitcoin Could Drop By Another 50%
Motley Fool
Fellow billionaire entrepreneur Richard Branson is a strong believer in bitcoin and believes blockchain technology could bring about an economic revolution. Meanwhile, none other than illustrious investor Warren Buffett has warned investors to stay
Goldman Sachs Bitcoin Endorsement Leads Institutional Investor …Forbes
Blockchain Retains Potential to Disrupt Even If Bitcoin Gets Bought OutnewsBTC
Goldman Sachs Opens Bitcoin to Institutional InvestorsBitcoinist
Express.co.uk
all 35 news articles »

Mitsubishi Corporation and Partners Will Move Real Funds Over RippleNet

Major corporations around the world are paying close attention to blockchain technology. Especially Ripple’s network is of great interest among Asian firms. Mitsubishi Corporation, together with a few partners, are planning to move real funds over RippleNet. This is another validation of Ripple’s existing technology, which is being trialed by various payment service providers. Mitsubishi

The post Mitsubishi Corporation and Partners Will Move Real Funds Over RippleNet appeared first on NewsBTC.

Major corporations around the world are paying close attention to blockchain technology. Especially Ripple’s network is of great interest among Asian firms. Mitsubishi Corporation, together with a few partners, are planning to move real funds over RippleNet. This is another validation of Ripple’s existing technology, which is being trialed by various payment service providers.

Mitsubishi Eyes the Blockchain

Most people are familiar with the Mitsubishi name as a car manufacturer. The parent corporation, however, as bigger plans for the future. Together with MUFG Bank, Bank of Ayudhya, and Standard Chartered Bank, a blockchain trial has been planned. More specifically this venture focuses on RippleNet, the technology designed to facilitate cross-border payment flows.

The main purpose of this trial is to improve cash management. All parties involved deal with real-time and multi-currency payments on a daily basis. Even so, cross-border transactions remain slow, expensive, and subject to a fair amount of administration. With RippleNet, these payment flows can be improved upon significantly. Ripple officials comment on this trial by stating:

“The goal of the pilot is to demonstrate the commercial viability of delivering high-speed cross-border payments between independent banks. As global trade continues to increase, the problems associated with cross-border payments are being experienced by smaller businesses as well. These companies don’t have the treasury resources or experience in navigating the pitfalls of today’s payment rails.”

Another Big Test for RippleNet

It is not the first time Ripple’s technology is being put to the test. RippleNet is a growing venture which mainly collected support in the Asian region. Given this region’s position in the remittance world, it is normal new solutions need to be found to improve existing services. Additional tests on this scale will determine whether or not RippleNet is indeed a viable addition to the financial sector.

The trial in question will be carried out by Mitsubishi Corporation. Its subsidiaries’ accounts in Thailand and Singapore will see a real-world money transfer using RippleNet. It is also the first time a Japanese firm completes a cross-border payment transaction using Ripple’s technology. If successful, this test can set a big precedent for other domestic firms to explore.

Depending on how the pilot goes, the parties involved seek to commercialize this payment solution. Bringing RippleNet to the real world is an ongoing struggle, albeit things are proceeding as planned. With all of these firms showing a genuine interest in the project, Ripple has to deliver the goods. Having Mitsubishi Corporation, among others, on board at this stage certainly paints an interesting outlook.

 

Image from Shutterstock

The post Mitsubishi Corporation and Partners Will Move Real Funds Over RippleNet appeared first on NewsBTC.

IBM Partners With Veridium Labs To Let Companies Track Carbon Footprint Via Blockchain

New partnership between IBM and Veridium Labs will allow companies to track their carbon credits on the blockchain, trading with other countries to mitigate environmental impacts

New partnership between IBM and Veridium Labs will allow companies to track their carbon credits on the blockchain, trading with other countries to mitigate environmental impacts