Ethereum, the blockchain based smart contracts platform fuelled by Ether crypto tokens is now the second largest cryptocurrency platform. For a relatively new cryptocurrency compared to Bitcoin, Ether is increasingly being traded across numerous cryptocurrency exchange platforms. While cryptocurrency trading is a lucrative money making opportunity due to the volatile nature of digital assets, not everyone can execute profitable trades due to various reasons, ranging from lack of expertise to busy lives. Instead of losing money on poorly executed trades or just letting the cryptocurrency sit in the wallets, losing or gaining meager returns depending on the changing market values, users can opt for investment platforms that manage the trades and funds for them….
E-tail giant Overstock has invested in a Belgium-based blockchain startup. The seed investment in SettleMint, the amount of which was not disclosed, was made by Medici Ventures, a venture arm of Overstock that is focused on its blockchain-based trading platform initiative. In April, Overstock invested $4m in Caribbean digital currency exchange Bitt, and the firm has stakes in other companies like PeerNova and Identity Mind as part of its crypto-exchange project. According to the e-tailer, the investment in SettleMint is aimed, in part, at shoring up the voting capabilities for its tø platform. The startup recently unveiled a new voting tool geared toward this year’s US presidential election. Patrick Byrne, CEO of Overstock, said in a statement: “Two years…
Key Points Bitcoin price after trading from $758 to $665 started a recovery and moved back above $700. There is a contracting triangle pattern formed on the hourly chart (data feed from SimpleFX) of BTC/USD, calling for a break. The price is currently trading above a crucial support area, which once broken may open the doors for more upsides. Bitcoin price is currently trading in a range against the US Dollar, and it looks like the BTC/USD pair is approaching a crucial break ahead. Bitcoin Price Range There was a minor correction pattern in Bitcoin price during the past 2-3 days against the US Dollar, as it moved from $758 to $665. The price started to correct higher, and moved above the 23.6% Fib retracement level of the last leg from the $758 high to $665 low….
The people of America are tasked with the most important decision of, perhaps, this entire century. The choice could not be more stark, nor the two candidates any more different for the free world stands at a crossroad. After analyzing both Trump’s and Hillary’s position in two editorials, I now lean, in this final article of a three parts series and personal position statement, on balance, towards, Donald J. Trump. Unlike blockchain reporting where complexity can be largely understood and the default option leans towards experimentation, the complexity of high politics is often intentionally obfuscated with mistakes and miscalculations potentially terribly devastating. It is not easy, therefore, to be supportive of either candidate because we can never be sure…
Blockchain startup, Synereo, has initiated an attempt to break the monopoly of Ethereum as the only major platform that hosts distributed applications. “Synereo surely is a strong contender, with its new smart contracting language, Rholang. Rholang promises easy and faster smart contract programming, with fewer bugs which could be well received amongst the DAPP developer community.” says Baljeet Dogra, a Blockchain consultant. Synereo was initially known for its attempt to create a decentralized social network, but with its recent announcement, the company has widened its operations considerably in order to develop its own Blockchain enabled decentralized computation platform, capable of running all forms of decentralized applications, the…
Bitcoin is starting to make an impact on remittance services all over the world. Epiphyte, a London-based blockchain money transfer specialist, is working together with the FCA in the UK. The purpose of this collaboration is simple: exploring cryptocurrency-based remittances. Cross-border transfers can be made cheaper and far more efficient using Bitcoin. The news regarding the FCA taking a closer look at Bitcoin-based money transfers is quite surprising. Epiphyte will explore this option within the Financial Conduct Authority’s sandboxed environment over the coming months. The first project will focus on alternative clearing and settlement mechanism, which will be provided to existing banking systems. It is not unlikely this concept will be embraced by SWIFT,…
The government of Mexico is preparing for a potential economic fallout if Donald Trump is elected president of the US. According to the Governor of Mexico’s central bank, Agustín Carstens, economic officials are planning a contingency plan in case of an unfavorable US presidential outcome, that is, if Trump wins. This is due to a negative narrative against Mexico pushed by Trump on the campaign trail, and fears that his administration would be harmful to economic relations between the two bordering nations. Over the course of the election season, the Mexican Peso’s exchange rate with the US dollar has closely tracked Hillary Clinton’s polling numbers, indicating that key Mexican economic players consider her to be the more favorable…