Blockchain 

Koinex Exchange Shuts Down Trading Services in India

Koinex is the latest cryptocurrency exchange to fall prey to India’s ban on virtual currencies. Months after delisting several cryptocurrencies, the exchange has shut down its trading services. The exchange has blamed uncertainty as well as disruptions for the unexpected decision. Koinex Shutdown In an official statement, Koinex says it has always wanted to provide blockchain enthusiasts a reliable way of digital trading assets. The government-instituting ban on cryptocurrencies, according to Koinex management, made it impossible to continue offering crypto trading services. The exchange has since given its customers until…

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Blockchain 

Binance in Discussions with Facebook Over Libra Coin

According to CoinTelegraph, one of the world’s largest crypto exchanges, Binance, is in “official” talks with Facebook regarding the latter’s new Libra coin. The exchange’s strategy officer, Gin Chao, told BlockTV yesterday that the company is “very excited” about the Libra project. What we know so far, according to Chao, is that the talks “have largely focused on dealing with infrastructure.” Binance and Libra Coin While the pair’s discussions are in the early stages, it seems Binance is not holding back its desire to work with Libra “as much as…

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Blockchain 

Bitrue Hacked | Another Crypto Exchange is Breached with 4.2M Stolen

According to reports, Singapore-based crypto exchange Bitrue has been hacked. The culprits have made off with approximately $4.2 million in user assets. What’s going on? Here’s what we know so far. Bitrue Hacked The hack was announced earlier today via Twitter, with the company saying it first noticed the issue around 1 am local time Thursday. Those who have had funds stolen are to be reimbursed as tokens on the exchange are insured. Details have emerged about what was taken; according to Bitrue, the loot includes 9.3 million Ripple (XRP) valuing…

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Blockchain 

Bitcoin (BTC) Price Continues to Shine: Hits $13K Mark

Bitcoin (BTC) is showing no signs of slowing down after an impressive start to the year. After a 250% plus rally, the flagship cryptocurrency has hit the $13,000 level, capping a 40% plus spike over the past week. Given the strength of the upward momentum, Bitcoin price could be on its way to the $14,000 mark. Investors will no doubt be waiting to see if it will make a run for all-time highs of $21,000 again. Bitcoin Price Catalysts The recent rally in Bitcoin price can be attributed to many…

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Blockchain 

Decentralized Platform and Payment Solutions

HomePress ReleaseSonicX: Decentralized Platform and Payment Solutions SonicX, a unique blockchain platform that provides trust, top-notch security and efficiency has developed an exceptional payment gateway that facilitates not only peer-to-peer transactions but also a tokenized system for content storage and online gaming. Businesses, organizations, and individuals have been struggling with trust, security, and privacy since the advent of the Internet. These problems have caused many organizations and individuals to constantly worry about how best they could secure their data and online transactions. Thankfully, SonicX is ready to solve these issues.…

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Blockchain 

JPM Coin | JP Morgan’s Crypto is Ready for Trials with Corporate Clients

JP Morgan is putting final touches on its much-awaited cryptocurrency JPM Coin. Bloomberg Japan reports that the financial institution is to start trials on the coin with corporate clients, as it also eyes regulatory approval for its use in the mainstream financial sector. JP Morgan Crypto JPM Coin runs on Quorum, which is a private version of the Ethereum network, developed by the bank. The coin is to function as a stablecoin where fiat cash is to be deposited in exchange for the token before one is allowed to carry…

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Blockchain 

uBUCK and Datable Incorporate Streambucks into Strategic Commercial Relationship

VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a leader in digital logistics and payment solutions, is pleased to provide an update on a strategic commercial relationship (dated May 5, 2019) between its wholly owned subsidiary uBUCK Technologies SEZC (“uBUCK”) and Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF) (“Datable”). Under the terms of the letter of intent (the “LOI”) with Datable, uBUCK will integrate Datable’s loyalty and reward program PLATFORM³ into uBUCK’s digital payments platform.  This new integration into uBUCK will allow uBUCK Pay account holders…

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Blockchain 

Ethereum (ETH) Eyes Further Gains as Liquidity Increases

Ethereum (ETH) resurgence continues to gather pace after a rollercoaster 2018. The second largest cryptocurrency by trading volume has crossed the $300 barrier, after moving up by more than 300% since the start of the year. Ethereum Resurgence In recent trading sessions, ETH has traded in unison with Bitcoin (BTC), which is also flying high after imploding in 2018. The broader cryptocurrency market turning bullish in 2019 comes as renewed investor interest grows with mainstream adoption. For ETH, 2019 has turned out to be an inflection year after bottoming out…

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Blockchain 

Walmart China Launches Blockchain Platform to Aid with Food Safety Scandals

As with cryptocurrencies, several companies are moving into the blockchain space. The latest, however, is Walmart China, which is the Chinese branch of the US supermarket chain. Here’s what we know. Walmart China Blockchain Platform: What We Know On June 25, Walmart China said it’s launched a blockchain platform that will address food safety concerns. According to the press release, the company will be working with PwC, VeChain, and other blockchain players on the ‘Walmart China Blockchain Traceability Platform.’ While the announcement came out today, the Walmart China blockchain platform…

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Blockchain 

Bitcoin Mining Equipment Demand is Exceeding Supply

As the world’s largest crypto by market cap hurtles past 11k, the demand for new Bitcoin mining equipment is exceeding supply. Now, manufacturers are feeling the pressure to produce enough machines to meet this demand. Are we revisiting the same issue that occurred at the end of 2017, where demand was three times that of supply? It looks like it. Bitcoin Mining is in Demand Bitcoin price surged past $10,000 USD over the weekend and is already looking comfortable at $11,368 per coin. Though not quite at its all-time high of…

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