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Steemit Looks to Start Afresh with Elizabeth Powell as Newly-Appointed CEOAccording to a report published by TechCrunch on January 23, 2019, blockchain-based startup Steemit has promoted Elizabeth Powell as their new MD and chief executive. Steemit Shuffles Their Leadership The prolonged crypto winter has left the players in the nascent industry in dire straits. The steep fall in the price of bitcoin observed during mid-November 2018  shrank crypto holdings of the…
IDRBT to Leverage Blockchain Technology in the Indian Banking IndustryThe Institute for Development and Research in Banking Technology (IDRBT) of Reserve Bank of India (RBI) has unveiled a blueprint for the implementation of blockchain technology in the Indian banking sector, reports Financial Express on January 23, 2019. Blockchain Technology to Change Indian Banking  The IDRBT was established by the RBI in 1996. The institute focuses on leveraging emerging technologies to…
Researchers Find Flaws with Proof of Stake (POS) Cryptocurrency ProjectsResearchers have found vulnerabilities with a surprising number of cryptocurrencies after noticing security flaws several months ago. The findings were summarized in a blog post on Medium, on January 22, 2019. A more in-depth report will be presented soon at a conference revolving around “financial cryptography.” Report Findings The four researchers come from students from the University of Illinois at…
Bitcoin, Ether, and XRP Weekly Market Update: January 24, 2019The global market cap is down $2 billion since January 17, 2019, and now stands at $119 billion. Bitcoin lost 1.7 percent for the seven-day period while ether and XRP declined 5.7 percent and 4.2 percent respectively. BTC/USD Bitcoin closed its second day of gains on January 17 and moved north to $3,720. However, it could not keep the momentum…
Hyperledger Launches Framework to Help Developers Deliver Blockchain-Based Supply Chain SolutionsHyperledger, a collaborative project focused on advancing cross-industry blockchain technologies, has announced the creation of Grid, a framework aimed at enhancing the development and delivery of distributed ledger technology (DLT)  powered solutions for the supply chain ecosystem, according to a press release on January 22, 2019. Hyperledger Grid Framework Goes Live While distributed ledger technology has proven over time that…
Coinbase Unveils Services for High-Volume Crypto Investors in Asia and EuropeOn January 22, 2018, Coinbase, the American cryptocurrency exchange, announced the launch of new trading and custody services for Coinbase Prime and Coinbase Pro which will allow high-volume investors in Asia and Europe to trade virtual currencies, make cross-border payments, and store digital assets in its cold storage. Coinbase Leading the Crypto Revolution On its blog, Coinbase revealed the launch…
Coinquista and BitClude Secure Cryptocurrency License from Polish RegulatorOn January 21, 2019, the Polish Financial Supervision Authority (KNF) has granted two bitcoin-linked firms, Coinquista  and BitClude, licenses. Two Polish Crypto Exchanges Get Lucky Per sources close to the matter Coinquista and BitClude, two Polish firms offering clients cryptoassets exchange services, a functional wallet, and more, have been granted a license by the state’s financial watchdog, the KNF. As…
New Indicators Show Bitcoin Gearing up for Short-Term RallyThe GTI Global Strength Technical Indicator for Bitcoin is suggesting that Bitcoin’s price could be stabilizing and could even be heading towards a short-term rally, Bloomberg reported on January 22, 2019. Bitcoin’s Price Approaches Oversold Despite the overwhelmingly negative predictions made about the cryptocurrency market, it seems that the new year has some much-needed stabilization to the troubled sector. According…
Dutch Bank Inks Five-Year Deal With R3ING and R3 announced on January 22, 2019, that they have entered into a five-year deal that gives ING rights to the use of R3’s Corda platform across their business operations. Corda Goes Global According to a January 22, 2019 statement, ING, a Dutch Bank, and R3 have entered into a partnership that will see ING haunch access to R3’s…
London Stock Exchange’s ‘Matching Machine’ to Be Deployed on Hong Kong-based Crypto ExchangeOn January 22, 2019, it was announced that the Millennium Exchange matching engine used by the London Stock Exchange would be deployed for the first time on a cryptocurrency exchange, namely AAX, an upcoming Hong Kong-based exchange. Matching the New World A January 22, 2019 press release announced that AAX, a soon-to-be-launched digital asset exchange, will be making use of…