Blockchain 

Bakkt Set for September Launch

Bakkt, the long-awaited crypto services platform from the Intercontinental Exchange, is finally set for launch on September 23. Despite being officially announced in August 2018, the platform only received a trust charter from New York State Department of Financial Services this week, which clears the way for the company to begin offering its highly-anticipated physically-settled Bitcoin futures contracts. Bakkt expects to serve a digital marketplace that moves $270 billion per year. What is Bakkt? The Intercontinental Exchange, the parent company of the New York Stock Exchange, announced Bakkt a year ago with the intention…

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Blockchain 

Bitcoin Hovers Around 10K After the Recent Correction

The first half of the year saw Bitcoin go on an incredible rally as the cryptocurrency ended up at higher levels at the end of each month and eventually threatened to replicate the bull run from 2017. However, the month of July brought its fair share of turbulence into the market, and it has been the same in August so far as well. The cryptocurrency has been extremely volatile over the past few weeks, but in a new development, it seems to have stabilized recently and has been trading within…

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Blockchain 

The IRS has Words for Crypto Investors… Again: Tax Warnings

The cryptocurrency industry may still be going strong, but that doesn’t mean it hasn’t had its share of problems. Nor does it mean everyone is a fan of virtual currencies. The IRS certainly isn’t, and crypto investors have learned that the hard way the past two months. Here’s what we know. IRS has Words for Crypto Investors At the start of last month, the IRS began mailing more than 10,000 crypto investors informing (well, it was more of a warning) that they may owe taxes on various cryptocurrency transactions. This…

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Blockchain 

Binance Expected to Resume US Operations in the Next 2 Months

When it comes to trading in cryptocurrencies, it is always far more effective if one can trade on a large exchange. Large exchanges offer a lot of options with regards to the range of cryptocurrencies, liquidity, and other services. Over the course of the crypto boom that started a few years ago, some exchanges have become the leaders of the industry and Binance is certainly one of those. It went on to become one of the biggest crypto exchanges and was also the preferred choice of many traders in the…

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Blockchain 

Coinbase Strengthens Crypto Custodian Empire with XapoBusiness Acquisition

Coinbase has risen to become the largest cryptocurrency custodian, with the acquisition of Xapo’s institutional business. Immediate reports indicate that the US crypto exchange paid $55 million for the assets in question. The exchange also reportedly beat investment giant Fidelity that was also in the running for the Xapo business. The acquisition comes at a time when Coinbase’s custodian business has grown to over $7 billion in assets under custody. Coinbase currently services over 120 clients distributed in over 14 countries. Following the acquisition, a number of Xapo’s clients have already…

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Blockchain 

8 Signs That Show That a Crypto Platform is Safe to Trade On

Considering the recent rise in the price value of cryptocurrency, it’s no surprise that the rate of crypto-maniacs yearning to cut their own piece of cake via trading has also increased. While this idea of ‘crypto trading’ looks lucrative and profitable, keep in mind that there are dozens of scammers masquerading their identity as “trusted crypto trading platforms.” The “real” question is this: can you confidently identify the right trading platform to invest in? If you’re not completely certain, don’t panic. Here are 8 signs that show that a crypto…

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Blockchain 

Crypto Mining Group BitFury to Investigate Data Analysis with AI

The cryptocurrency mining and chip development firm BitFury has announced plans to set up a new department that will investigate the benefits of ‘big data’ analysis using artificial intelligence (AI). Speaking to newswire Reuters this past Tuesday, BitFury CEO Valery Vavilov referred to big data as ‘the next oil’, highlighting the need for a much greater focus on constructive analysis. According to Vavilov, the information available in 98 percent of big data is not being properly utilized, something his company hopes to simplify through AI-powered analysis. “..artificial intelligence will bring…

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Blockchain 

Altcoins Almost Wiped Out as Cypto Market Cap Drops $30 Billion

Thursday was a bad day for altcoins as almost $30 billion USD was knocked from the total crypto market capitalization. Where Bitcoin Goes, Altcoins Follow Crypto market capitalization was estimated to be around the $280 billion USD during midday trading yesterday; however, as Bitcoin suddenly took a near 10% hit today to drop below $10,000 USD share price, altcoins were largely forced to bear the brunt of the drop in confidence. Ethereum, Ripple, and Litecoin, which make up the rest of the top five cryptocurrencies by market cap outside of…

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Blockchain 

Massive Indian Telecommunication Provider Develops Blockchain Network

There are plenty of trends in the technology sector that will fade over time. Blockchain does not appear to be one of them, however. Just as more countries are warming up to cryptocurrency—New Zealand just gave the go-ahead for employers to pay staff in digital currencies—more and more countries are starting to use this innovative technology. India is the latest. Here’s what we know. India Moves into Blockchain Technology At the start of this week, news came out that Reliance Jio Infocomm, a massive telecommunications provider in India, has decided…

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Blockchain 

Walmart Submits Patent for Drone System Based On Blockchain

Walmart Inc (NYSE:WMT) has felt the convenience of blockchain and is not looking to back down soon judging from its latest patent application submission for a drone communication system anchored on blockchain technology. The patent application submitted to the United States Patent and Trademark Office (USPTO) early this month, dubbed “Cloning Drones Using Blockchain,” shows the retail giant’s commitment in adopting blockchain technology for most of its operations. According to the details of the filing, the drone-based communication system codes and stores the drone’s crucial operational parameters in decentralized ledgers.…

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