The blockchain is a distributed ledger, meaning that everyone running a node in the network has this ledger stored on his local machine. This ledger contains all transactions that have been validated and added into a block. A transaction basically contains the information about who sent what to whom under which conditions. Storing information on the blockchain means storing information that is accessible to everyone.Cloud storage has been the go-to system previously but it has its setbacks,...
Read More »TRON Ranks #2, Way Ahead of Bitcoin in China’s Latest Crypto Rankings
China’s Center for Information and Industry Development released its latest Global Blockchain Technology Assesment Index report. EOS ranks first, followed by TRON and Ethereum. XEM and GXChain removed from the CCID’s crypto raking index. China’s Center for Information and Industry Development (CCID) published a new list of its crypto ranking index. The move comes after President Xi Jinping’s announced a plan to embrace blockchain technology. China’s Crypto Rankings CCID is a research...
Read More »China Is Putting Its Money into the New Bit Pie Wallet
It sounds like China is really warming up to bitcoin and cryptocurrencies as of late.China: Mixing Things Up Even MoreThe latest price hike for BTC has ultimately come about largely because Chinese president Xi Jinping commented that blockchain technology could bring his country’s infrastructure to new heights. Thus, he’s planning to push blockchain innovation very hard in the future.But prior to these words, it’s known that China hasn’t always been friendly to crypto. For one thing, the...
Read More »Samsung Integrates Tron Support to Its Blockchain Keystore
South Korean technology giant Samsung announced it decided to integrate Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore.According to a release note published on Tuesday, Samsung Blockchain Keystore SDK v1.2.0 will now engage APIs that support TRX transactions.Samsung revealed its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019 today. The truth is, bringing blockchain technology to mobile has been a challenge for quite of time now since...
Read More »Bitcoin Marks Its Best Week Since May: Crypto Weekly Report
It appears that China is waking up to blockchain, and this did to the market what Bakkt’s futures failed to. President Xi Jinping urged further adoption of blockchain-based technology, and his statement might have been one of the reasons for Bitcoin’s 40% surge over the past few days.Indeed, Bitcoin had its best week since May. It’s not the first time that statements from China have rocked the markets, although this move left most technical analysts surprised. It also saw a lot of short...
Read More »Crypto Price Analysis & Overview: Bitcoin, Ethereum, Ripple, BitTorrent, Neo
BitcoinThe spike from $7,350 to $10,348 brought the hype around Bitcoin back and the declines are already behind our backs. The price corrected down to $9100 and we can also see attempts to build support in this range and the 0.38 Fibonacci levels, suggesting a bullish trend on the charts. A healthy correction would restore the 0.618 Fibonacci levels in the $8500 range, leading up to the next level at $10,200.EthereumAgainst the USD, the price is trying to break the resistance built around...
Read More »Lightning Conference 2019 Highlights
The inaugural Lightning Conference was held in Berlin, Germany on the weekend of October 19/20, 2019. It was the first global conference exclusively focused on the Lightning Network.The goal of the conference was to build on the momentum that the Lightning Network has gained in 2019 and to bring together Lightning developers, implementations and the broader community. The feedback of the conference has been overwhelmingly positive with over 500 attendees and 90 speakers from across the...
Read More »MasterCard Partners with Topco’s Food City to Offer Blockchain-based Seafood Supply Chain
MasterCard announced that it is partnering with food track-and-trace software provider Envisible. Through that partnership, the companies will create a blockchain-based supply chain platform that will enable supermarkets to trace the origin of seafood sold at Topco Associates. Topco is a $14 billion food cooperative that is based in Illinois.Envisible’s new Wholechain traceability infrastructure will be powered by Mastercard’s blockchain-based Provenance Solution service. Announced on October...
Read More »$6.4 Billion Worth of Crypto Is Being Staked, According to Binance Research
A recent report by Binance Research shows that $6.4 billion worth of cryptocurrency is being staked. As staking systems have grown, more and more people have been drawn to them because of the potential rewards. However, it’s worth noting that staking has some hidden risks as well.The Proof of Stake SituationSome of the most notable cryptocurrencies are based on a Proof of Stake algorithm, and they have drawn a significant amount of cryptocurrency to be staked on their networks, according to a...
Read More »Ethereum Price Analysis: ETH Looks Set To Surpass $200
Ethereum price is showing a lot of positive signs above the $180 support area against the US Dollar.ETH price is likely to climb above the $190 and $196 resistance levels in the near term.There was a break above a crucial bearish trend line with resistance near $174 on the 4-hours chart (data feed from Coinbase).The price is setting up for another upward move and it could even surpass the $200 resistance.Ethereum price is gaining bullish momentum above $180 against the US Dollar. ETH price is...
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