Daily, May 29, ’18

Daily, May 29, ’18

Jimmy Wales, EOS, Bitcoin ATM, Baidu, South Korea, Australia

  • Jimmy Wales, the Wikipedia co-founder, on the second day of the BlockShow Europe 2018 conference said that cryptocurrency and blockchain are 'in a bubble'.
  • Loopholes found in the EOS platform, that could expose nodes on the network to attackers just days before its mainnet launch, have been fixed.
  • General Bytes, one of the largest Bitcoin ATM manufacturers in the world, has installed 10 Bitcoin ATMs in several important stations of the Prague’s metro in the Czech Republic.
  • Baidu, the Chinese company equivalent to Wikipedia, is now using blockchain technology to record entries' revision histories in a move in order to make its online service more transparent and traceable.
  • South Korea’s national legislature has officially proposed to allow domestic ICOs, lifting the ban imposed by the government in September last year.
  • PwC Australia, Port of Brisbane, Australian Chamber of Commerce and Industry have collaborated to release a blockchain-based supply chain management proof of concept (PoC).

BTC

3,911 USD
-1.71%

ETH

133.29 USD
-1.87%

XRP

0.3001 USD
-2.42%

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Major Financial Institutions, Asset Managers and Blockchain Industry Leaders to Convene in New York at the Digital Asset Summit, May 15, 2019

NEW YORK, March 26, 2019 /PRNewswire/ -- BlockWorks Group (www.blockworksgroup.io) is pleased to announce its inaugural Digital Asset Summit (www.digitalassetsummit.io) taking place May 15th in New York City, which will bring together 500 of the most influential fund managers, banks, family offices, regulators, CIOs and blockchain innovators. Digital Asset Summit (DAS) is the only event during blockchain week designed specifically for financial market professionals and institutional investors.  The conference is being convened at a critical time as real-world applications of blockchain technology are being adopted by a growing number of leading financial firms. Digital Asset Summit attendees will hear from a curated blend of financial and blockchain industry leaders who together bring a balanced, pragmatic view of the developing digital asset ecosystem. Attendees will be primarily buy-side and sell-side financial industry professionals who are interested in learning from and collaborating with other leaders in the space. Featured sessions include: Keynote from Fusion Foundation's CEO, Dejun Qian: Digital Assets and the Internet of Value Keynote from DTCC's Managing Director & Chief Technology Architect, Rob Palatnick: Creating Trust in a Trustless Platform Fireside Chat with RRE Ventures Full story available on Benzinga.com
Benzinga

XRP Price Looks Bound to Drop Below $0.3 as Bears Won’t Relent

As the day trucks along further, it seems there is no real improvement in terms of overall market trend. The top markets remain subdued and there is no real enthusiasm among traders to speak of. For the XRP price, it remains to be seen if and when the price will drop below $0.30. The current mounting pressure seems to indicate this is merely a matter of time. XRP Price Shows no Signs of Recovery Under normal circumstances, one wouldn’t expect XRP to follow Bitcoin’s negative trend so blindly. This time around has proven to be very different in that regard, although it remains a big mystery as to why this is happening as of right now. While the world’s leading cryptocurrency remains bearish first and foremost, it seems the other markets will face their own share of bearish pressure for some time to come. That in itself is not what traders and speculators have hoped for, but it seems unlikely anything will change in the foreseeable future. Over the past 24 hours, the XRP price has lost another 2.24% in USD value to drop down to $0.301. There is another 0.31% loss in XRP/BTC, which pushes that ratio down to 7m642 Satoshi. Not entirely surprising where this latter development as concerned. However, it also confirms the 8,000 Satoshi level is well out of reach for this popular asset as of right now, which will displease a lot of holders.  A drop to 7,500 Satoshi seems rather plausible at this point, although there is no real indication as to how the markets will evolve exactly. When looking across social media, it seems there are a lot of different opinions regarding XRP and Ripple. Cryptoguru075 expects there to be a lot of bearish pressure moving forward. Claiming Ripple hasn’t released any news for a full year might be a bit of a stretch, though, There have been quite a few key developments, although it remains to be seen if there can be any meaningful impact for XRP in the process. #XRP holders on suicide watch. The final shakeout is taking place. @Ripple not releasing news for over a year on purpose is exactly what whales want. — God (@cryptoguru075) March 26, 2019 Berite is speculating how exchanges might be dumping their XRP all of a sudden. It is remarkable to see someone openly name Binance in this regard, even though there is zero indication that company – or any other – is effectively liquidating XRP. There wouldn’t be any reason for doing so either, as XRP is simply following Bitcoin’s bumpy trend as of right now. No manipulation appears to be taking place, especially with such bleak trading volume. It is uncanny what traders come up with when the momentum remains bearish for more than a few hours. This tweet has been deleted ever sicne it was first pointed out, unfortunately.  For those who are mainly interested in the actual price chart, it is evident the coming hours will prove to be crucial in many different ways. If the trendline is broken, there may very well be a drop to $0.28 or slightly lower in the coming days. Most of this will depend on what happens to Bitcoin first and foremost, as that market dictates the overall momentum. For XRP, things simply are not looking great, unfortunately. Moment of truth time for #xrp pic.twitter.com/7ChVBXhMCr — XRPress (@XRPress) March 26, 2019 All of the market momentum seems to confirm there will be even further bearish pressure across all markets. While traders will not like this in the slightest, there is no remote indication things will turn around on a dime. Hourly candles still remain bearish for all top markets, which only further confirms the bear market is not over. How low all of these markets will go in the coming hours and days, remains to be determined. Anything is possible in this industry. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post XRP Price Looks Bound to Drop Below $0.3 as Bears Won’t Relent appeared first on NullTX.
NullTX

Yahoo! Japan Enters Crypto Despite Bear Market, Plans May 2019 Launch of Bitcoin Exchange

Taotao, a crypto exchange based in Japan, is planning to launch in May with the approval of Japanese authorities. According to a CNBC report in April 2018, Yahoo! Japan said that it will acquire a 40 percent stake in BitARG Exchange Tokyo, which has since reportedly been rebranded to Taotao. “Yahoo Japan Corp said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange, becoming the latest major Japanese financial services provider to shrug off security concerns and join the digital money industry,” the report read. Prior to that, in March 2018, CCN reported that Yahoo! Japan The post Yahoo! Japan Enters Crypto Despite Bear Market, Plans May 2019 Launch of Bitcoin Exchange appeared first on CCN
CCN

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