CoinPath https://news.coinpath.io Cryptocurrency & Blockchain News Thu, 24 Jan 2019 04:36:22 +0000 en-US hourly 1 https://cdn.coinpath.io/images/uploads/2018/07/05150122/cropped-coinpath-favicon-32x32.png CoinPath https://news.coinpath.io 32 32 Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance https://news.coinpath.io/tron-trx-usd-technical-analysis-bulls-help-the-price-to-breach-through-the-immediate-resistance/ https://news.coinpath.io/tron-trx-usd-technical-analysis-bulls-help-the-price-to-breach-through-the-immediate-resistance/#respond Thu, 24 Jan 2019 03:30:00 +0000 https://news.coinpath.io/?p=289065 tron-trxusd-technical-analysis-bulls-help-the-price-to-breach-through-the-immediate-resistance

Tron [TRX] is pushing Ethereum out of the stage as it is better at scaling and is performing splendidly in terms of Dapps. The ninth-largest cryptocurrency in the world [by market] seems to be doing better than other cryptocurrencies.The market cap of TRX is shy of $200 million to reach…

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Tron [TRX] is pushing Ethereum out of the stage as it is better at scaling and is performing splendidly in terms of Dapps. The ninth-largest cryptocurrency in the world [by market] seems to be doing better than other cryptocurrencies.

The market cap of TRX is shy of $200 million to reach the $2 billion mark and the price at the time of writing was at $0.0270. The 24-hour trading volume of TRX was at $221 million.

1-hour

Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance

Source: TradingView

TRX prices show no sign of stopping now since they’ve broken the support at $0.0267, whereas the support line at $0.0212 has held the prices steady so far. The uptrend for TRX extends from $0.0215 to $0.0237, while the downtrend ranges from $0.0328 to $0.0273.

The MACD indicator shows a bullish crossover over the zero-line and is heading towards the upside. The histogram is slowly representing the same.

The Awesome Oscillator shows a failed attempt at a bearish crossover as the green bars are extending in height, indicating an increase in momentum and hence, an increase in the price.

The Parabolic SAR markers are seen forming below the price candles, supporting and pushing the prices to go higher.

1-day

Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance

Source: TradingView

The MACD indicator shows a possibility of a similar scenario as seen in the one-hour chart, a bullish crossover as the MACD and the signal lines are eerily close to each other.

The Stochastic indicator shows a perfect bullish divergence as the prices are rising continuously but the Stochastic shows a decreasing trend. The trend for Stochastic was changing at the time of writing as it was undergoing a bullish crossover as well.

 » Read Full Article «

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Mastercard Fined $650M by EU for ‘Artificially’ Raising Fees https://news.coinpath.io/mastercard-fined-650m-by-eu-for-artificially-raising-fees/ https://news.coinpath.io/mastercard-fined-650m-by-eu-for-artificially-raising-fees/#respond Thu, 24 Jan 2019 03:05:00 +0000 https://news.coinpath.io/?p=289077 mastercard-fined-650m-by-eu-for-artificially-raising-fees

News The European Union’s competition commission has handed Mastercard a €570 million euro ($648 million) fine for artificially raising payment processing fees in breach of antitrust laws, according to an online statement published on Jan. 22. Mastercard forced merchants to pay exchange fees in their countries of residence, forestalling their…

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The European Union’s competition commission has handed Mastercard a €570 million euro ($648 million) fine for artificially raising payment processing fees in breach of antitrust laws, according to an online statement published on Jan. 22. Mastercard forced merchants to pay exchange fees in their countries of residence, forestalling their access to banks with lower fees elsewhere in the EU.

Also read: Governmental Overreach in Developing Nations Will Hasten Hyperbitcoinization

Mastercard Restricted Competition in Europe

Brussels has now ruled that Mastercard’s behavior limited competition within the continent and inflated costs for retailers and customers. As per the statement, EU competition commissioner Margrethe Vestager noted that Mastercard’s actions limited merchants’ access to better options elsewhere within the bloc.

Vestager said: “By preventing merchants from shopping around for better conditions offered by banks in other member states, Mastercard’s rules artificially raised the costs of card payments, harming consumers and retailers in the EU.”

Mastercard Fined $650M by EU for ‘Artificially’ Raising Fees

The EU’s latest ruling highlights how legacy payment systems conspire with banks to pass hidden costs on to customers. It is the second antitrust ruling against the financial institution in five months, following a $6.2 billion EU fine against Mastercard, Visa and other financial companies in September.

The investigation culminating in the latest fine looked into interchange fees – that is, the cost to merchants when customers buy with credit card. Mastercard was found to have been in breach of the EU’s competition laws up until December 2015.

Mastercard Plays Down the Rule Breach

Although the judgement was retrospective, Mastercard maintained that it had adhered to the rules during an earlier phase of the investigation. The second largest card brand in the European Economic Area eventually acknowledged the breach,

 » Read Full Article «

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Stephan Nilsson: Changing the world with blockchain – one fish at a time https://news.coinpath.io/stephan-nilsson-changing-the-world-with-blockchain-one-fish-at-a-time/ https://news.coinpath.io/stephan-nilsson-changing-the-world-with-blockchain-one-fish-at-a-time/#respond Thu, 24 Jan 2019 03:00:00 +0000 https://news.coinpath.io/?p=289096 stephan-nilsson-changing-the-world-with-blockchain-one-fish-at-a-time

Stephan Nilsson is working with salmon farmers in his native Norway. He’s putting blockchain to use in a practical way – although his business sounds distinctly unworldly. It’s called UNISOT, which stands for Universal Source of Truth. Nilsson admits the name shows he’s “aiming high”. But then he insists he’s…

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Stephan Nilsson is working with salmon farmers in his native Norway. He’s putting blockchain to use in a practical way – although his business sounds distinctly unworldly. It’s called UNISOT, which stands for Universal Source of Truth. Nilsson admits the name shows he’s “aiming high”. But then he insists he’s trying “to change the world” and believes he can “make a big difference”.

Nilsson’s background is in supply chain management. He worked for SAP, the German enterprise resource planning (ERP) business, as an integration consultant. Now he’s using that experience to revolutionise supply chains with blockchain technology.

Why blockchain? Well because it provides “immutable storage, where nobody can change things afterwards,” he says. “It’s more or less the only immutable system in the world.” And a single integrated blockchain avoids the problems that often arise between different company systems.

All suppliers who work together on the same system would still being able to set levels of privacy for their own data: “all the information that I put on the blockchain, I am still the owner of”. You can share the information with another company, but you still have the power to revoke access.

So how does this apply to the Norwegian fishing industry? Well, UNISOT is working with a company that offers a supply chain monitoring product using SAP. UNISOT is providing the blockchain functionality within that service. Integrating blockchain with SAP software is “actually very easy if you know what you’re doing,” Nilsson says. He laughs at his own confidence but adds that it’s only easy for him because he’s worked with SAP for 20 years.

So here’s what becomes possible with the UNISOT system: you can track a particular fish all the way from when it’s swimming around,

 » Read Full Article «

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Coinbase Unveils Services for High-Volume Crypto Investors in Asia and Europe https://news.coinpath.io/coinbase-unveils-services-for-high-volume-crypto-investors-in-asia-and-europe/ https://news.coinpath.io/coinbase-unveils-services-for-high-volume-crypto-investors-in-asia-and-europe/#respond Thu, 24 Jan 2019 03:00:00 +0000 https://news.coinpath.io/?p=289090 coinbase-unveils-services-for-high-volume-crypto-investors-in-asia-and-europe

On 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…

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On 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 of new features and services for its suite of products such as Coinbase Pro, Coinbase Prime, and Coinbase Custody which can be used by high-volume investors in Asian and European regions.

According to the exchange, as from January 22, 2019, Coinbase Prime customers in either continent can use its professional trading platforms to deposit, withdraw, and trade USD for virtual currencies.

At the same time, these customers can access USD Coin (USDC), a stablecoin which is reportedly backed by USD at a ratio of one to one. USDC is said to be exchangeable for the USD as well as a wide variety of trading pairs and vice versa.

Multiple Options for Crypto Traders

The highly-reputed cryptocurrency trading venue also stated that customers in Asia and Europe can now make cross-border payments via SWIFT, where they can choose to buy digital assets using a non-U.S. bank account or receive funds in their bank accounts through wire transfers.

Aside from these, other services which the exchange has provided for customers in Asian and European countries are the Coinbase Custody and Over-The-Counter (OTC) trading desks.

Notably, the firm has hinted that its custodial service, Coinbase Custody, is a New York Banking Trust that has been regulated by the New York Department of Financial Services (DFS) and fully optimized to enable the offline storage of digital assets securely.

 » Read Full Article «

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EXMO Cofounder Predicts Increased Crypto Liquidity, Falling Stock Markets in 2019 https://news.coinpath.io/exmo-cofounder-predicts-increased-crypto-liquidity-falling-stock-markets-in-2019/ https://news.coinpath.io/exmo-cofounder-predicts-increased-crypto-liquidity-falling-stock-markets-in-2019/#respond Thu, 24 Jan 2019 02:35:00 +0000 https://news.coinpath.io/?p=289053 exmo-cofounder-predicts-increased-crypto-liquidity-falling-stock-markets-in-2019

Co-founder of cryptocurrency exchange EXMO Ivan Petukhovsky has predicted that 2019 will be characterized by bearish stock market movements and increased interest in cryptocurrency, leading to enhanced crypto liquidity. In an article published earlier today on the official EXMO blog, Petukhovsky predicted that “garbage assets” in the cryptocurrency market will…

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Co-founder of cryptocurrency exchange EXMO Ivan Petukhovsky has predicted that 2019 will be characterized by bearish stock market movements and increased interest in cryptocurrency, leading to enhanced crypto liquidity. In an article published earlier today on the official EXMO blog, Petukhovsky predicted that “garbage assets” in the cryptocurrency market will disappear, and deployment of comprehensive regulations will boost the popularity of crypto assets.

According to him, the ongoing bear market which started in 2018 is a period for “purification” as the market gets rid of scam coins and crypto projects with no genuine utility or innovation. He believes that once this phase ends sometime this year, ICO fundraising markets will recover, driven by enhanced investor confidence in the high-quality digital assets left surviving.

Combined with bearish equity markets which he expects to last for most of 2019, this will lead to an influx of investment into crypto assets, ultimately resulting in enhanced liquidity and bull movements.

Development of Regulatory Frameworks

Petukhovsky predicts that 2019 will also herald the long-awaited entry of institutional investment into the cryptocurrency market, as legacy financial institutions and cryptocurrency companies collaborate increasingly.

According to him, the regulatory hostility that has previously dogged crypto is already starting to dissipate as regulators increasingly see the asset class as an investment opportunity that should be regulated, rather than a threat to be assessed and contained. In his assessment, a number of regulators in important financial jurisdictions are already starting to come round to this point of view.

An excerpt from the post reads:

We have received a clear signal from the regulatory authorities of various countries, including the SEC, stating that the cryptocurrency markets and the ICO should be regulated.

 » Read Full Article «

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Bitcoin Cash [BCH] and Dash can work towards bringing economic freedom to the world, says Roger Ver https://news.coinpath.io/bitcoin-cash-bch-and-dash-can-work-towards-bringing-economic-freedom-to-the-world-says-roger-ver/ https://news.coinpath.io/bitcoin-cash-bch-and-dash-can-work-towards-bringing-economic-freedom-to-the-world-says-roger-ver/#respond Thu, 24 Jan 2019 02:30:00 +0000 https://news.coinpath.io/?p=289071 bitcoin-cash-bch-and-dash-can-work-towards-bringing-economic-freedom-to-the-world-says-roger-ver

Bitcoin Cash [BCH] has had a tumultuous time over the past few weeks from sliding on the price charts to become one of the biggest gainers right now. BCH’s biggest proponent has been Bitcoin.com CEO Roger Ver, who has advocated for the cryptocurrency since its inception in 2017.In a recent…

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Bitcoin Cash [BCH] has had a tumultuous time over the past few weeks from sliding on the price charts to become one of the biggest gainers right now. BCH’s biggest proponent has been Bitcoin.com CEO Roger Ver, who has advocated for the cryptocurrency since its inception in 2017.

In a recent interview with Dash’s Joel Valenzuela, Ver touched upon the situation of the bear market and the reasons for the Bitcoin Cash hash war that took place last November. The CEO agreed that 2018 was a big downer and that in some way, the developments had contributed to some success.

He said that it is somewhere in the middle of success and failure but in the end, the price of cryptocurrencies is not the perfect metric to gauge a coin. In his words:

“The price is the least interesting thing about cryptocurrencies, we need to look at what the digital currency actually does instead. If a coin or a network can bring economic freedom for all, then we will be able to say that the field is a success. Last year, the hype of 2017 died down but that is a pattern seen before and will be seen again in the future too.”

The discussion then moved onto the effects of the bear market and pointed out the massive layoffs that occurred in Shapeshift. Ver admitted that the current market behavior had made Bitcoin.com rethink the hiring situation too because budgeting for the future is important. He mentioned that his organization is not a group filled with Bitcoin Cash maximalists but rather will choose anything that will help make payments faster and simpler. Ver added:

“ We like anything that works. BTC just stopped and clearly it was time for other cryptocurrencies to step up.

 » Read Full Article «

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BitMex Insurance Fund Can Finance 51% Attack on Bitcoin Cash For a Year https://news.coinpath.io/bitmex-insurance-fund-can-finance-51-attack-on-bitcoin-cash-for-a-year/ https://news.coinpath.io/bitmex-insurance-fund-can-finance-51-attack-on-bitcoin-cash-for-a-year/#respond Thu, 24 Jan 2019 02:00:00 +0000 https://news.coinpath.io/?p=289083 bitmex-insurance-fund-can-finance-51-attack-on-bitcoin-cash-for-a-year

Hong Kong-based trading platform BitMEX owns so much Bitcoin that it could launch multiple 51 percent attacks against some altcoins for months.Bitcoin Insurance Fund Worth $76 MillionThose were the results of calculations from social media commentators this week as it emerged BitMEX’s Insurance Fund now contains 21,350 BTC ($75.9 million).The…

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Hong Kong-based trading platform BitMEX owns so much Bitcoin that it could launch multiple 51 percent attacks against some altcoins for months.

Bitcoin Insurance Fund Worth $76 Million

Those were the results of calculations from social media commentators this week as it emerged BitMEX’s Insurance Fund now contains 21,350 BTC ($75.9 million).

The “monstrously large” fund, as Twitter account loomd’rat described it in December, has accelerated its accumulation in recent months as the Bitcoin price tanked from $6500 to $3500.

According to BitMEX’s own statistics, on January 1, 2018, the fund had a balance of just 2720 BTC ($9.6 million).

Bitcoin podcast producer Zack Voell expressed the balance a year later in different terms, such 1 percent of cryptocurrency exchange Coinbase’s recent evaluation or 2 infamous Bitcoin pizzas from 2010.

“…BitMEX’s Insurance Fund growth (an unbeatable benchmark) is roughly as predictable as Bitcoin’s monetary policy,” he commented, uploading a graph of Bitcoin’s steady issuance versus the fund’s growth.

Also, BitMEX’s Insurance Fund growth (an unbeatable benchmark) is roughly as predictable as Bitcoin’s monetary policy. pic.twitter.com/kcZ9cTGX5c

— Zack Voell [Bitcoin Noob] (@zackvoell) January 22, 2019

Insane BTC Stash

As Bitcoinist reported, research had previously delivered stark warnings about the ease of attacking some altcoins’ blockchains to manipulate transaction credibility. With a relatively insignificant amount of money, a malicious party could launch attacks on some of the best-known altcoin networks.

“BitMEX’s Insurance Fund is currently worth 1 percent of Coinbase valuation, 2x Laszlo’s pizzas, 580 2018 GranTurismos, 3,800 hours of an LTC 51 percent attack,” notes Voell.

Litecoin 00, which researchers included in the findings in May last year,

 » Read Full Article «

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India’s Banking Research Division Introduces Blockchain Implementation Blueprint https://news.coinpath.io/indias-banking-research-division-introduces-blockchain-implementation-blueprint/ https://news.coinpath.io/indias-banking-research-division-introduces-blockchain-implementation-blueprint/#respond Thu, 24 Jan 2019 01:50:00 +0000 https://news.coinpath.io/?p=289059 india8217s-banking-research-division-introduces-blockchain-implementation-blueprint

/latest/2019/01/india-s-banking-research-division-introduces-blockchain-implementation-blueprint/ India’s Institute for Development and Research in Banking Technology (IDRBT) has reportedly been working with the nation’s government, financial institutions, and local firms to create a blockchain-based platform for developing various applications.On Wednesday (January 23rd), the IDRBT announced that it had published a blueprint of its proposed blockchain-enabled platform…

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India’s Institute for Development and Research in Banking Technology (IDRBT) has reportedly been working with the nation’s government, financial institutions, and local firms to create a blockchain-based platform for developing various applications.

On Wednesday (January 23rd), the IDRBT announced that it had published a blueprint of its proposed blockchain-enabled platform for India’s banking industry. According to the Financial Express, the blueprint specifies a general roadmap on the adoption of distributed ledger technology (DLT)-powered systems in various local businesses.

Additionally, the blockchain technology adoption and implementation blueprint outlines a set of core, or common, protocols to ensure interoperability among different software programs. The IDRBT noted that the DLT adoption plan includes a set of general operational guidelines as there is currently no regulatory framework in place for banks looking to use blockchain-based software

Former RBI Official Highlights Current Cybersecurity Risks

R Gandhi, the former deputy governor of India’s reserve bank, revealed that the nation’s financial system is presently vulnerable to various cybersecurity risks. These include security issues related to the use of mobile phones, and the increasing number of devices using sophisticated networks such as the internet of things (IoT).

Similar to how authorities in Europe and other parts of the world are addressing privacy issues, regulators in India are currently working to help internet users maintain data privacy and security. As explained by the Financial Express, Indian lawmakers are concerned with  “data privacy in a commercial context” and in a “democratic and human rights context.” Meanwhile, the nation’s privacy advocates have suggested imposing heavy penalties for any “unconsented” use of user data.

Shelving Plans For CBDC, “No Policy-Formation” Yet For Cryptoassets

In late December 2018, an interdisciplinary committee set up by India’s government had revealed that there is now a “general consensus” among authorities that “cryptocurrency [could not] be dismissed as completely illegal.” A senior Indian official had said that decentralized digital currencies might be legalized, but their use would likely be tightly regulated.

On January 1st, local news sources reported that the RBI had postponed its plans to introduce a central bank digital currency (CBDC). The bank’s officials said the nation’s reserve bank “doesn’t want the digital currency” anymore, as it’s “too early to even think about a digital currency.” However, the RBI was still looking at how other nations were developing their CBDCs.

At present, India’s central bank doesn’t “have a formal unit for tracking of, and policy-formation on” cryptocurrencies and blockchain technology, according to local news sources.

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Scaling tests show Bitcoin SV handling sustained 64MB blocks for 24 hours https://news.coinpath.io/scaling-tests-show-bitcoin-sv-handling-sustained-64mb-blocks-for-24-hours/ https://news.coinpath.io/scaling-tests-show-bitcoin-sv-handling-sustained-64mb-blocks-for-24-hours/#respond Thu, 24 Jan 2019 01:34:00 +0000 https://news.coinpath.io/?p=289029 scaling-tests-show-bitcoin-sv-handling-sustained-64mb-blocks-for-24-hours

Results from the new Bitcoin SV Scaling Test Network (STN) show that the BSV network is capable of handling the generation of sustained 64MB blocks over 24 hours straight, another milestone for the only Bitcoin following Satoshi Nakamoto’s vision. In a report published on BitcoinSV.io, Daniel Connolly, lead developer of the Bitcoin…

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Results from the new Bitcoin SV Scaling Test Network (STN) show that the BSV network is capable of handling the generation of sustained 64MB blocks over 24 hours straight, another milestone for the only Bitcoin following Satoshi Nakamoto’s vision.

In a report published on BitcoinSV.io, Daniel Connolly, lead developer of the Bitcoin SV Node, noted that large blocks had been mined on the Bitcoin SV chain before. A 64MB block was first mined in November, and a 103MB block was mined January 3, on the 10th anniversary of the Bitcoin genesis block. Those are the largest blocks ever mined on a public blockchain. But blocks of that size have not yet been mined for sustained periods.

Recent tests on the BSV STN, however, focused on transaction propagation, by using specialized systems (such as the “Satoshi Shotgun”) to produce large numbers of transactions, propagate them across the network to be received by mining nodes, to then be included in mined blocks.

“What have we seen? Well, sustained 64MB blocks—over a full 24 hour period—with the latest development build of Bitcoin SV are easy. That’s 270 transactions per second, sustained, continuously for a full 24 hour period. Our tests did this over a 24 hour period with no problem,” Connolly wrote in a recent report.

Already, tests for 128MB blocks are underway, and early results are encouraging. “A bit more difficult than 64MB but we’re getting there for sustained 128MB blocks,” he said.

bComm Association Founding President, nChain’s Jimmy Nguyen, said of the achievement, “nChain’s BSV Node team continues to lead Bitcoin scaling work. We know it’s important to show these results in real life, with sustained big blocks on the live BSV network.”

Nguyen added,

 » Read Full Article «

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Gemini’s Winklevoss brothers have plans for Bitcoin ETF approval https://news.coinpath.io/geminis-winklevoss-brothers-have-plans-for-bitcoin-etf-approval/ https://news.coinpath.io/geminis-winklevoss-brothers-have-plans-for-bitcoin-etf-approval/#respond Thu, 24 Jan 2019 01:30:00 +0000 https://news.coinpath.io/?p=288979 geminis-winklevoss-brothers-have-plans-for-bitcoin-etf-approval

Gemini’s Tyler and Cameron Winklevoss, the CEO, and president, respectively, spoke about their plans to end the concerns of Securities and Exchange Commission [SEC] that believes that Bitcoin markets are prone to manipulations. The famous Winklevoss twins, who had sued Facebook’s founder Mark Zuckerberg for allegedly stealing their idea, appeared…

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Gemini’s Tyler and Cameron Winklevoss, the CEO, and president, respectively, spoke about their plans to end the concerns of Securities and Exchange Commission [SEC] that believes that Bitcoin markets are prone to manipulations. The famous Winklevoss twins, who had sued Facebook’s founder Mark Zuckerberg for allegedly stealing their idea, appeared in Laura Shin’s podcast.

The twins have outlined a plan to win over regulatory approval for Bitcoin Exchange Traded Fund [ETF]. The duo said that the quickest way to do so is by “answering their call and (requesting) … more market surveillance on the crypto marketplace,”. The duo added:

“…we’ve started to do that with the Virtual Commodity Association SRO and bringing NASDAQ’s smartest technology to our marketplace, and those are the step in the right direction to getting regulators comfortable with eventually approving an ETF-like product.”

The brothers’ company, Gemini has recently launched an advertising campaign in New York City. The duo have invested in the campaign and it is seen all around with plastered banners on subways, in taxis across the city and even have billboards. This is their first campaign and since the company is based in New York, they started off by running the campaign in the city itself, the twins informed. They explained further:

“…it also happens to be one of the financial capitals of the world, and also has one of the preeminent Bitcoin, or rather, virtual currency regulators, New York DFS. So, it felt like a great starting point to start a campaign.”

When asked about who the target audience for the campaign was, the brothers cleared that it is not aimed at the regulators, but for customers. The duo also said that the campaign has already struck a chord with the crypto followers and that they need no convincing on the dream of crypto or its promise,

 » Read Full Article «

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