Headlines for the world of Cryptocurrencies - October 27, 2018
Forbes CryptoMarkets
Forbes has recently announced that it is launching a new crypto-site that will serve as a portal for tracking cryptocurrency related news, developments and information tracking.
The portal dubbed as Forbes CryptoMarket will run under the Forbes Brand name.
The new site will be competing with established crypto sites like Coinmarket and Cryptopanic.
According to the Forbes team it will feature real-time pricing and volume information on several thousand cryptocurrencies and an initial set of cryptocurrency indices worldwide: Forbes CryptoMarkets Top 30 Global “FB30,” TOP 10 Global “FB10,” Top Cryptocurrencies Global “FBCC’” Top 10 Blockchain and Dapps Global “FBAPPS” and others.
Mike Federle, CEO of Forbes Media, states that his company provides the most comprehensive coverage of the cryptpcurrency and blockchain marketplaces of any major media business brand in the world.
He further explains that the new licensed business is a natural extension of their powerful brand into a new venture which he says will bring immense value to investors, traders and market watchers.
The Chairman of NewCity Capital and ForbesMarkets, Chien Lee reveals that they plan to position Forbes CryptoMarkets as the definitive resource for everything crypto and blockchain.
Bitcoin Is Preparing To Break Out According to Tom Lee
The Blockshow has recently released information about their new conference dubbed as Asia Blockchain Week.
The event will be held in Singapore at one of the most beautiful and luxurious Hotel, the Marina Bay Sands Luxury Hotel. It will run from November 27, 2018 until December 1, 2018.
The Blockchain and cryptocurrency conference will attract more than 100 of the top industry leaders and crypto influencers, and more than 2000 attendees, from over 50 countries.
One of the most anticipated speaker in the said event is Mr. Thomas Lee, the Global Advisor co-founder of Fundstrat and Wall Street analyst with over 25 years of equity research experience.
He is one of the first traditional finance professionals that has been talking about cryptocurrencies and is well-known for his very positive attitude towards cryptocurrency.
In an interview with blockshow team Lee offered some of his insights and prediction on where the cryptocurrency space is headed.
He explains that it is always very challenging to predict where crypto markets are going but project that will likely to succeed are those with the best growth in active users.
He expects that Bitcoin to be one of the most profitable cryptocurrencies next year.
He further explains that bitcoin is preparing to break out and has found support level around $6,000 which is also equal to the breakeven for mining cost.
DeVere CEO Predicts Crypto Market To Increase 50 times In the Next 10 Years
Nigel Green, The CEO of deVere Group, believes that the cryptocurrency market will expand 50 times its existing size over the next decade.
As the market expands he also sees that the dominance of Bitcoin will continue to fall during the same period.
He reveals that bitcoin will always be remembered as the cryptocurrency that started the crypto revolution and it has changed the way the world makes transactions, does business and manages assets.
However, he expects that the dominance of the number one cryptocurrency in terms of market capitalization will dwindle over time due to competition.
He posits that Bitcoin would likely lose market share due to more advance tech that may not be available yet that might provide better efficiency that Bitcoin cannot match.
Although there might be some truth on what Green is predicting, it is highly unlikely that another cryptocurrency will be able to usurp the Bitcoin as the number 1 cryptocurrency in the world.
Bitcoin’s trait as a store value is unparalleled in the world of cryptocurrencies and thinking of another cryptocurrency that will be able to gain the same level of trust and confidence like bitcoin is unthinkable as of the moment.
It is widely accepted in the crypto community that no other asset can offer anywhere near the same security, decentralization and strong monetary policy bitcoin offers.
Nasdaq Acquires Information Sharing Blockchain Patent
The US Patent and Trademark Office has recently published a patent won by Nasdaq which describes a blockchain platform for sharing time-sensitive information.
The patent outlines how blockchain technology can be utilized to securely store and release withheld information to the right people at the right time while also providing users with an immutable record of changes made to that information before its release.
The new patent plans to address monitoring and recording problems arising from changes and revisions made in the information enroute which causes audit trail gaps.
Nasdaq plans to address this by using smart contracts to allow authorized users to submit, edit or approve certain information at certain times.
The patent states that transaction generated by edits may provide an effective proof of custody or audit trail for the document.
Once all edits are completed the document and have reached it final form, it can be approved for release using a digital signature by a designated entity.
The entity or approver may cryptographically approve the document for release with a cryptographic signature to a blockchain transaction.
Sony’s Contactless Cryptocurrency Hardware Wallet
Sony has recently announced that it had created a new cryptocurrency hardware wallet.
What sets this new hardware wallet apart from its competitors is its ability to interact with the other devices without having to be connected physically with them.
It uses IC smart card technology that is popular in Japan that enables it to communicate with ant cryptocurrency network.
The Sony Computer Science Labs (SCSL), the research arm of Sony, said that its ability to connect with other devices without physical contact is its main product advantage aside from the ability to securely generate and store a private key with a highly reliable tamper-proof module within an IC card.
The company also states that there are other applications the new product can be used aside from sending and receiving cryptocurrencies.
This can also store private keys use for other purposes such as those for permitting the use of personal information through the use of blockchain technology.
No further information about the unnamed device has been released yet and the company had been tight-lipped on the mass roll-out of the product.
Headlines for the world of Cryptocurrencies - October 26, 2018Shocking Novelty Cryptocurrency Regulations In Albania / USDC Stablecoin Launched By Coinbase And Circle / The Largest Newspaper Group In China Is Launching a Blockchain Laboratory / HTC Selling Their First Blockchain Phone For Crypto / Bitcoin Users Are In control Via Market Forces As Shown By Bitcoin UASF |
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Headlines for the world of Cryptocurrencies - October 25, 2018Trezor Enables User To Directly Convert Crypto From Their Hardware Wallet / ICE’s Bakkt To Offer Bitcoin Futures Market Middle Of December / Anonymous Sources Reveals BTC ETF Approval Imminent / Samsung Enters 7nm Chip Market / Bloq Acquires An Ex-Fidelity Exec As New Chief Operating Officer |
Headlines for the world of Cryptocurrencies - October 24, 2018New Partnership Could Turn 100K Regular ATM to Bitcoin Vending Machines / Cyclebit Making It Possible To Pay Crypto At Over 130 Coffee Shops In Europe / Neteller Launches Crypto Exchange Service / Network Congestion Reaches 95%, Fees Hold Steady In Bitcoin Network / Ripple Partners with MoneyNetInt and MoneyMatch |
I agree with the resistance at $ 6000 due to mining costs