CRYPTO WORLD NETWORK NEWS

94,505 bitcoin transaction

September 8, 2019September 8, 2019 CRYPTO WORLD

A massive 94,505 bitcoin transaction made crypto headlines as investors and investigators speculated from whence the BTC came. The wallet, first accessed late on September 5, 2019, has been involved in only seven transactions including the massive whale move. Other moves include a $6,644 deposit early on September 6 and a deposit of $6.66 a few hours later. Blockchain analysis firm TokenAnalyst noticed that many of the transactions came from Huobi wallets. “Our team is looking into the validity of the claim,” said a Huobi spokesperson. Not surprisingly the move…

Dapp data site DappRadar raises $2.33 million from Naspers

September 6, 2019September 8, 2019 CRYPTO WORLD

Led by Naspers, Blockchain.com Ventures, and Angel Invest Berlin, dapp data analysis and discovery tool DappRadar announced yesterday the closing of a $2.33 million seeding round. The company said it will use the funds for R&D and to add new services to its site. DappRadar tracks some 2,500 dapp projects on multiple blockchains such as ethereum, EOS, tron, and the loom network. DappRadar’s Ian Kane said the company attracted high profile investments due to its listing criteria and user count. “Unlike some of our competitors, we have a public, robust…

Bitcoin has been profitable for 98.66% of its history

August 15, 2019August 13, 2019 CRYPTO WORLD

Bitcoin holders have made easier profits than traders who buy and sell it consecutively, according to data provided by Rhythm Trader. The prominent cryptocurrency analyst found that bitcoin has been profitable for 3,817 days out of 3,869 days of its existence. That makes 98.66 percent of its history. He added that the only people who lost money in the bitcoin market are the ones who exited during downtrends. On the other hand, the ones who kept holding the cryptocurrency regardless of bias pressure, made the maximum profits. The revelation came…

IBM launches blockchain for supplier networks

August 14, 2019August 13, 2019 CRYPTO WORLD

IBM and Chainyard have launched a blockchain network, Trust Your Supplier, designed to improve supplier qualification, validation, on-boarding and life cycle information management. Founding participants are: Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone. The aim is to eliminate manual processes, which make it difficult to verify identities and track documents like ISO certifications, bank account information, tax certifications, and certificates of insurance throughout the lifecycle of a supplier. Instead, Trust Your Supplier, uses a decentralised approach and an immutable audit trail built on blockchain, to eliminate manual…

IBM Files Patent for a Blockchain-Based Web Browser

August 13, 2019August 13, 2019 CRYPTO WORLD

A new patent application from IBM describes a blockchain-based web browser. Published on August 6 by the United States Patent and Trademark Office, IBM’s patent is for a web browser backed by a peer-to-peer network. The browser collects pre-specified information from web browsing sessions, according to the patent. The information is then transferred to a network of peer-to-peer nodes for collection and storage. Information collection depends on the type of browsing experience chosen. Browsing on a work computer versus a personal browser would demand different settings, for example. Types of…

Exit scams swindled $3.1 billion from crypto investors in 2019

August 13, 2019August 13, 2019 CRYPTO WORLD

Cryptocurrency crime made good money last quarter, although less than in the first quarter of 2019. According to an initial release of CipherTrace’s Q2 2019 Cryptocurrency Anti-Money Laundering Report to CoinDesk, aggregate crypto losses reached $4.3 billion this year. Hacking thefts amounted to $125 million, adding to a 2019 total of $227 million. Excluding the QuadrigaCX hacking of $195 million, hackers stole $161 million in Q1. Given that CipherTrace’s price estimations are set at the time of initial reporting, current valuations would be much higher. CipherTrace further claims 2019 may…

A leading Japanese broker to join Libra Association

July 30, 2019July 29, 2019 CRYPTO WORLD

A leading online brokerage company in Japan, Monex Group, wants to become a part of Facebooks’ Libra project. The broker applied to become a node operator. Oki Matsumoto, the president of the Group, announced the decision during the company’s regular meeting devoted to the results of Q2. It is worth noting, that Matsumoto sounded very optimistic about Libra, despite that the recent Facebooks’s cryptocurrency initiative had faced stiff resistance from global regulators and governments. According to Matsumoto, Libra might unlock various possibilities, including “financial inclusion” and more efficient cross border…

European electronics retailer to accept crypto payments via UTrust

July 29, 2019July 29, 2019 CRYPTO WORLD

Phone House, a European electronics retailer and telecom provider, has teamed up with UTtrust, a cryptocurrency payment solution, to offer crypto payments to its customers. UTrust, based in Switzerland, went live earlier in 2019 when football club Benfica enlisted its services to accept cryptocurrency payments. Starting with August 2019, Phone House customers in Portugal will be able to purchase electronics at PhoneHouse.pt using crypto. The option to pay with cryptocurrency will initially roll out in Portugal, with other countries to be added in the coming months, according to the company.…

200-Year-Old Passport Printing Firm Launches Hardware Crypo Wallet

July 29, 2019July 29, 2019 CRYPTO WORLD

An Austrian printing company that has history going back to the early 1800s has launched a cryptocurrency storage device. The new hardware wallet comes from YOUNIQX Identity, a subsidiary of the Vienna-based Austrian State Printing House (Oesterreichische Staatsdruckerei or OeSD) – a secure printing firm which is now the country’s high-tech passport maker and provider of other secure identity solutions. Called Chainlock, the device is aimed to address the vulnerability of of “hot” or online wallets to hacking, which OeSD said in an announcement Monday “are a great security risk.”…

Privacy-Focused Coin Zcash Forks Into New Blockchain Network Ycash

July 20, 2019July 20, 2019 CRYPTO WORLD

Privacy-focused digital currency Zcash (ZEC) has forked into a new blockchain network dubbed Ycash, whose total supply amounts to 21 million coins. According to a tweet by the Ycash Foundation, the first block of Ycash was mined today, July 19, at 7:36:51 PM PDT. Ycash forked off Zcash blockchain at block height 570,000 and is independent from both the Electric Coin Company, the firm behind Zcash, and the Zcash Foundation. The Ycash project was initially announced in April, when the Ycash team member Howard Loo revealed in a forum post…

KPGM to Work With Microsoft, Tomia and R3 on Blockchain Telecom Solutions

July 20, 2019July 20, 2019 CRYPTO WORLD

Business advisory firm KPGM has partnered with tech companies Tomia, Microsoft and R3 to create a blockchain-based settlements solution for the telecom industry, in anticipation of 5G network services. KPMG announced the partnership and product plans in an official blog post. As per the report, the planned blockchain solution intends to make use of smart contracts in order to reduce disputes between carriers and mobile operators. Such smart contracts would reportedly include critical information for this purpose, by providing details such as correct rates, destination and bilateral deal information. The…

BitTorrent, Tron Launch Crypto-Powered ‘Speed’ Downloading Software

July 12, 2019July 10, 2019 CRYPTO WORLD

Peer-to-peer torrent client BitTorrent has launched its downloads optimization software, BitTorrent Speed, with native token functionality. The news was revealed in an official press release. As reported, Bittorrent launched a native Tron blockchain-based token, BitTorrent (BTT), at the start of this year, having revealed plans to evolve a tokenized content platform that would enable users to optimize their network speed and attain faster downloads. As per the press release, the Bittorrent Speed software will now be integrated into all new downloads of the company’s µTorrent Classic Windows client. The BitTorrent…

Blockchain supply chain market to reach over $9B by 2025

July 11, 2019July 10, 2019 CRYPTO WORLD

The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8. AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure. By industry vertical,…

Bitfinex to Use 27% of Tokinex Revenue to Burn LEO Tokens

July 10, 2019July 9, 2019 CRYPTO WORLD

Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8. Bitfinex unveiled LEO in May as the native utility token for its initial exchange offering (IEO) platform Tokinex. Parent company iFinex committed to burning LEO tokens, until commercial circulation runs dry, in the LEO token whitepaper: “On a monthly basis, iFinex and its affiliates will buy back LEO from the market equal to a minimum of 27% of the consolidated gross revenues…

China’s Central Bank Developing Own Digital Currency in Response to Libra

July 9, 2019July 9, 2019 CRYPTO WORLD

China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported on July 8. Wang Xin, director of the People’s Bank of China (PBoC) research bureau, argued that “if [Libra] is widely used for payments, cross-border payments in particular, would it be able to function like money and accordingly have a large influence on monetary policy, financial stability and the international monetary system?” Wang said that the…