US: Here’s What Major Analysts Are Saying about Facebook’s Possible Cryptocurrency Launch on Tuesday

Wall Street analysts are eagerly anticipating Facebook’s possible unveil of its long-awaited cryptocurrency payments plan on Tuesday. According to various reports the company is preparing to finally reveal what it calls Project Libra with partners including  Visa  and  Mastercard. Facebook is the best performing of the so-called FAANG stocks this year and is up over 40% year to date. FAANG refers to a group of tech and internet stocks that includes Facebook, Amazon, Apple, Netflix and Google. image via Shutterstock

South Korea: Data on Google Trends Suggests Bitcoin Adoption is All-Set to Soar in South Korea

As most of our readers probably already know, South Korea for a long time has been a key region where BTC adoption has taken place at a rapid pace. Now, with the local government ramping up its efforts to create a hospitable environment for cryptocurrencies, it remains to be seen whether or not Bitcoin adoption increases in a big way within the Asian powerhouse. image via Shutterstock

Global: Facebook’s New Cryptocurrency Gets Big Backers

Facebook Inc. has signed up more than a dozen companies including Visa Inc.,Mastercard Inc., PayPal Holdings Inc. and Uber Technologies Inc. to back the new cryptocurrency that the social-media giant plans to unveil next week. The collection of financial firms and e-commerce companies will invest around $10 million each in a consortium that will govern the digital coin, according to people familiar with the matter. The money would be used to fund the creation of the coin, which will be pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies, they said. image via Shutterstock

Brazil: IBM, Hyperledger Blockchain ID System for Banks Launches in Brazil

CIP, a facilitator of Brazilian banking and financial infrastructure, has officially launched its blockchain ID platform via a partnership with IBM using Hyperledger Fabric, Cointelegraph Brazil reported on June 12. The identity solution, dubbed “Device ID,” will see participation from nine banks, and is reportedly integrated into Brazil’s domestic clearing system, the Brazilian Payment System (SPB). image via Shutterstock

US: Bitcoin Futures Will No Longer Be Traded On CBOE

Chicago Board Options Exchange (CBOE), the world’s largest options market, will reportedly settle the last Bitcoin futures contract on June 19. With the expiration of the last contract, the trading of cryptocurrency derivatives will be officially closed, with no more futures to follow on the exchange. CBOE was the first American exchange to list Bitcoin futures. The exchange announced the launch of Bitcoin futures a year and a half ago, when Chris Concannon, the then-President and Chief Operating Officer of Cboe Global Markets, claimed the derivatives to be real game changers set to revolutionize the traditional sphere of finance and boost cryptocurrency acceptance:"Over the next 10 years we believe that the cryptocurrency market will explode in terms of the assets that they touch, the currencies that they involve.” image via Shutterstock  

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Blockchain Connect Conference

More Attention Should be Given to Blockchain Academics for the Uprising of Blockchain, Says Blockchain Connect Conference   Dec. 2nd, 2019, San Francisco - Blockchain Connect Conference, a futuristic blockchain-technology based conference, research destination, and collaborative event hosted by SV Insight, will officially take place on Jan 11, 2019, at Marriott Marquis in San Francisco, California. Emphasizing on academic in the blockchain space, this conference will gather the most authoritative blockchain professors around the world, the public chain projects with the most advanced technology, and technical experts, to discuss about the most cutting-edge blockchain academic research, problems, and solutions. By including keynote speeches and panels covering topics from research to application, the conference will explore the next big opportunity in the blockchain industry. The conference will be divided into two tracks: an academic track and a business track. The academic track will focus on academic discussions, mainly led by professors, scholars, and blockchain core developers, who will...

OKEx Is Fighting back Against Amber AI’s BCH Settlement Allegations

In their public response on Monday, OKEx outlined several issues with the Amber AI complaints, expressing that “These are completely false allegations and the defamatory statements have caused serious damages to OKEx’s reputation.” The cryptocurrency exchange laid out their arguments, focusing on 3 main points that present that not only did the cryptocurrency exchange act in the best interest of their customers, but that Amber AI has no right to a lawsuit in the first place. 1 – Amber AI is not a customer. According to OKEx, “We do not have an institutional client profile named Amber AI, while Amber AI claim themselves as a Hong Kong-based company. We do NOT serve any customer in Hong Kong, in respect of the local laws and regulations. The OKEx account that Amber AI claimed managing is an individual account, which is not a Hong Kong resident or entity on the report of the KYC information” 2...

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

New Voice

New Voice

Introduction: Coconut is a universal payment platform that allows customers to use any cryptocurrency to purchase goods and services. Coconut team is composed by a group of students from Harvard University and MIT, which won the award for best new nascent blockchain project at the MIT Bitcoin Expo 2018. BlockPulse 360 has the chance to conduct an interview with this promising project and team at Harvard University.

An Interview with Jihan Wu: BCH Split and STO

Jihan Wu, the Bitcoin mining titan and prominent supporter of BCH, recently gave an interview at a Q&A session for entrepreneurs at Peking University Guanghua school of Management . During the discussion, he shared his views on the controversial BCH split, current thoughts on STOs, Eco-friendly mining, and his opinions on the viability of coin-free blockchains. Regarding the split, Jihan shared his views on the importance of community and how his actions have been in support of free speech. “In this environment of free speech, I believe that division is inevitable. This is the nature of human contribution to the community, and it is easy to split because of some differences. The split itself will bring about the richness of the whole system.” He concluded that even though this split has created 2 new coins in the form of BCHABC and BCHSV, there is potential for further splits down the road Not a current...

Insights

Interview

Republic Is Creating An Equal Investment Opportunity for the Public

Republic is an investment crowdfunding platform that facilitates startup financing by main street investors including cryptocurrency investment. BlockPulse360 has the pleasure to sit down with its CEO Kendrick Nguyen at Harvard Business School to discuss the initiative of Republic in the crypto space. https://youtu.be/Qu24pzaqyO4

Insight Into The Blockchain Trends Of Today And The Future

BlockPulse360 had the pleasure of sitting in on an interview with one of China’s most reputable blockchain thinkers, Dr. Feng Han, the co-founder of Elastos, about his take on the current and future trends in the blockchain industry in China. Dr. Han began his journey in the cryptoworld with a background in quantum mechanics, but it was only during an alumni lecture on Bitcoin in 2013 that he was formally introduced to cryptocurrency. Since then, the co-founder of Elastos has been busy at work developing a new operating system to promote decentralization initiatives using blockchain technology. Elastos is an open source, blockchain-driven operating system optimized to run decentralized applications. The thinking behind this technology came from the realization that if traditional applications wanted to connect through blockchain, the most effective way to do so would be through a platform that was also operated by blockchain. And so, Elastos was born. What...

Crypto Market

Global: EOS Sets New Record for Most Cryptocurrency Actions in one Day, crosses Tron, Bitcoin and Ethereum

EOS, the sixth largest cryptocurrency on CoinMarketCap, reported significant growth over the past few days, proving to be a strong competitor for Binance Coin , Litecoin , and Bitcoin Cash . Apart from the performance in the market, EOS also set a new record for the most cryptocurrency actions processed in one single day. image via Shutterstock

South Korean: Cryptocurrency Exchange Bithumb Says It Was Hacked and $30 Million in Coins Was Stolen

South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. image via Shutterstock

Global: Ethereum’s Price Briefly Collapsed from $100 to $13 on Coinbase Pro

Another day, another mad cryptocurrency anomaly. For a brief moment, the price of Ethereum on Coinbase Pro (formerly known as GDAX) collapsed from almost $100 down to a measly $13. The incident took place at around 6 AM UTC. Since then, the price of Ethereum – the third largest cryptocurrency by market cap after Bitcoin and Ripple – has bounced back to an average trading rate of about $97. image via Shutterstock

Global: Bitcoin Bottom Signal Reemerges as Price Approaches Oversold

Bitcoin’s price appears to be stabilizing, and the digital currency may even be gearing up for a short-term rally, technical indicators show. The GTI Global Strength Technical Indicator for Bitcoin is nearing oversold levels, clocking in at 35.6. That’s the lowest level since December. Bitcoin appears to be stabilizing around $3,500, with clear support at $3,000 to $3,100, the measure suggests. image via Shutterstock

Regulation

Switzerland: Military Grade Swiss Bunker Opens Vaults to Crypto Investors

A ‘military-grade’ bunker in the Swiss Alps has opened its vaults to wealthy cryptoasset investors, corporations and institutions in search of a secure place to store their digital currencies. Swiss Crypto Vaultexternal link is positioning itself as a quasi-private bank for bitcoin and other tokens at a time when traditional banks refuse to go anywhere near cryptocurrencies. Because the vault does not mix client assets with the company’s own balance sheet, it does not need a banking license to operate. image via Shutterstock

Arab: Cryptocurrency Assets Get Arab World’s First Regulatory Nod

The Arab world’s smallest country is taking the lead in regulating crypto assets. Bahrain’s central bank said on Monday that it issued “the final rules on a range of activities relevant to crypto assets.” The framework covers areas from licensing and governance to cyber security. image via Shutterstock

Europe: Central Bank (ECB) Has No Plan for Introducing Its Own Cryptocurrency

The European Central Bank (ECB) will not issue a digital currency in the near future, according to President Mario Draghi. He argues that blockchain technology is not mature enough for such a level of responsibility and that physical money is still prevalent within the monetary union. However, there are already European countries on the way of cryptocurrency: Sweden is considering issuing an electronic version of its currency, the E-Krona, while the Bank of England has published a paper on the subject. (German) image via Shutterstock

South Korea: Lawyers launch Blockchain Law Society

A group of blockchain technology experts from South Korea are launching an entity called the Blockchain Law Society, according to media reports.The society will focus on legal studies related to the decentralized database system, and also “promote interdisciplinary collaborations between diverse areas, such as economics, computer engineering (and) field business," reported South Korean news agency Yonhap. image via Shutterstock

TECHNOLOGY

Global: SONM Uses Blockchain to Create a Decentralized Computing Power Marketplace

Cloud computing has revolutionized the way we use applications and store data, but the majority of SaaS products in use today sit on a small number of centralized servers. So what if we decentralized the cloud or, even better, used a distributed computing structure that rewards both lenders and users of computing power? image via Shutterstock

Germany: DB Schenker Applies Blockchain Technology in Logistics

Deutsche Bahn subsidiary DB Schenker begins a cooperation with the blockchain platform VeChain to optimise logistics industry. DB Schenker also maintains an immense logistics infrastructure in China. To better handle the increasing complexity of the network, VeChain and DB Schenker have developed a Supplier Assessment System at the blockchain. The VeChain Foundation is the organization behind the crypto-asset VeChain. This token is based on the Ethereum Blockchain and is specifically designed for functions in a supply chain. (German) image via Shutterstock

France: Crypto Wallet Ledger Is Solving Bitcoin's Biggest Flaw For Financial Giants

“One million dollars straight in crypto, in cold storage,” said hedge fund chief Bobby Axelrod on HBO’s Billions in May, handing a mysterious-looking USB stick to his loyal lieutenant. Rather than PDFs, the stick contained the key to a Bitcoin wallet, an untraceable 21st-century payoff for services rendered. This isn’t some made-up TV tech either. The stick is called a Ledger Nano S, and it’s a real product from a French startup that could soon be Europe’s first crypto unicorn. image via Shutterstock

South Korea: Korbit Introduce Dual Hacker Defence System

On July 26th, the Cryptocurrency Exchange Korbit said they have introduced a new hacker defence system – Akamai Web firewall and Qradar. This system allows real-time detection and disconnection of hacker attacks and can provide a secure trading environment. This reflects the approach of Korbit that they pay much attention on and constantly pursue a better security system. They are also preparing for the certification of Information Security Management System (ISMS).(Korean) image via Shutterstock