Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Brainbot Technologies, a blockchain development, and consulting company, just released the first implementation of the Raiden Network, which, similar to the Lightning Network, is a layer two protocol on top of Ethereum’s blockchain, significantly increasing Ethereum’s transaction capacity from the current estimated 20 transactions per second to tens of thousands. The first proof of concept version conceptually solves all aspects “and it can work on the current Ethereum blockchain as it is,” according to Heiko Hees, an Ethereum core developer and CEO of Brainbot, with a “hardened” beta version planned for winter 2016. The Raiden Network uses a…
Some of the most recognizable leaders in the blockchain industry have agreed to participate in a newly launched advisory panel organized by the Monetary Authority of Singapore (MAS). Included on the regulatory authority and central bank’s 15-person International Technology Advisory Panel (ITAP) is CEO of Digital Asset Holdings, Blythe Masters; CEO of SolidX, Daniel Gallancy; and managing director of R3CEV, Tim Grant. ITAP met for the first time this week to discuss a wide range of applications of blockchain, among other FinTech trends, at an event attended by Deputy Prime Minister and chairman of the monetary authority, Tharman Shanmugaratnam. In statements, MAS managing director Ravi Menon described the meeting as “fruitful” and framed it as…
The founders of Lisk and FreeWallet are working together to create some kind of smart contract AppStore. FreeWallet’s Alvin Hagg says his mobile-first cryptocurrency wallets with built-in exchange and cold storage will support Lisk with its additional super-features “as we believe it will keep the Ethereum promise.” In an email to CoinTelegraph, Hagg says: “The Ethereum’s hype was mostly caused by its view on DAPPs and it’s clear marketing message that was accepted by the majority. Moreover, Ethereum’s main idea differs from Bitcoin’s. We don’t do politics, but we have our point of view on what’s been going on with Ethereum after the hardfork. When Ethereum Classic entered the stage, it became…
So we’ve come to the end of the week, and it’s been an interesting one! We’ve had a couple of classical patterns, some intrarange action, and some nice breakout scalps. All of these things have given us opportunities to get in and out of the markets for a few good take-profit hits. We’ve also seen a few stop loss hits, but as things stand, we remain net up on the market. We’ve got one day’s worth of trading left, and we want to try and make the most of it. As we head into today’s session, then, what are we looking to trade, and where are we looking to get in and out according to our intraday strategy? Let’s take a penultimate look at the markets. As ever, get a quick look at the chart below to get an idea of…
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. BitGo has declared that its systems were not breached, and its software functioned correctly during the Bitfinex hack. Co-founder and CEO at BitGo, Mike Belshe, wrote on the company’s blog saying: Our job is to protect your Bitcoin and continue to improve the security of the service. BitGo systems were not breached in this attack and our software functioned correctly. This may seem like an inadequate explanation, because everyone wants to know “what needs to change to avoid what happened in this case,” and we understand that. Fortunately, the Bitfinex configuration was unique and other BitGo customers do not need immediate changes. This view…
Electronic payments technology company, NetCents has partnered with professional services firm Vanbex to provide what it claims to be a streamlined, full, end-to-end innovative financial services platform. This partnership was announced in a press release on August 3 2016 where it says that the union allows both companies to utilize each other’s strengths in order to develop the next generation of financial transactions by utilizing the emerging technology, the Blockchain. Blockchain technology has the potential to replace the 30 trillion plus financial transactions per year currently processed by the Automated Clearing House (ACH) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Compatible with existing banking systems NetCents…