IBM to Issue Cryptocurrency Token on Public Stellar Blockchain

Join our community of 10 000 traders on Hacked.com for just $39 per month. Computing giant IBM has announced that it has signed a partnership with environmental fintech startup Veridium Labs to issue a cryptocurrency token on the Stellar blockchain. The initiative, unveiled on Tuesday, will see IBM and Veridium tokenize carbon credits, enabling pollution-heavy companies to offset the damage their operations cause to the environment. Proceeds from selling the “verde” token will be used to reforest a 250-square mile patch of rainforest on the island of Borneo in Indonesia.…

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Deloitte: 3 out of 4 Big Companies See ‘Compelling’ Case for Blockchain

According to a Deloitte survey presented Tuesday at CoinDesk’s Consensus event in New York City, 74 percent of large companies across seven countries see a “compelling business case” for blockchain technology. Deloitte – the multinational “Big Four” firm that provides tax, auditing and consulting services – conducted the survey in late March and early April. The approximately 1,000 respondents represented companies with annual sales of at least $500 million in the U.S., China, Mexico, the U.K., France, Germany and Canada. The firms represented a range of industries: financial services was…

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Bitcoin Price Eyes Breakout As Trading Range Tightens

Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of writing, BTC is changing hands at $8,760 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837. The sell-off from the May 5 high of $9,990 came to halt…

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FedEx is Testing Blockchain Tech for Critical Cargo Shipments

Join our community of 10 000 traders on Hacked.com for just $39 per month. FedEx is sure that blockchain technology will revolutionize the logistics industry, and they don’t want to be left behind. The logistics giant is actively testing ways to use blockchain to track high-cost, mission-critical cargo. In a growing trend of companies researching blockchain tech for business uses, FedEx joins the joins others like Samsung in supply chain applications. According to a Bloomberg interview with the CEO, “We’re quite confident that it has big, big implications in supply…

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Coinbase Rolls Out Crypto Custody Product for Institutions

Cryptocurrency exchange Coinbase announced Tuesday it is formally launching Coinbase Custody, a product aimed at aiding institutional cryptocurrency adoption. First announced last year, Coinbase Custody is a crypto storage service directed specifically at large financial institutions, as previously reported by CoinDesk. At the time, the exchange said users would have to pay a $100,000 set-up fee and keep a minimum of $10 million in deposits. Further, there is a minimum monthly fee based on the assets stored. “We have leveraged our experience safely storing more than $20 billion of cryptocurrency…

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Taiwan Bank Deploys Ethereum-Based Blockchain Payments System

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Taipei Fubon Commercial Bank, a private commercial Taiwanese bank, has reportedly launched a blockchain-powered payments system for retail usage, a first in the country. According to a local report by the Taipei Times, the private-sector bank announced the deployment of the payment system for local restaurants and merchants on Sunday after commencing development of the platform in March 2017. Specifically, the bank is rolling out the blockchain payments system in merchant establishments and eateries near…

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Bitcoin Price Watch: BTC/USD Primed for Gains

Key Points Bitcoin price is showing bullish signs above the $8,600 pivot level against the US Dollar. This week’s ascending channel with current support at $8,480 is intact on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now trading nicely above the $8,500 support and the 100 hourly simple moving average. Bitcoin price is following a bullish path above $8,600 against the US Dollar. BTC/USD has to move above $9,000 to accelerate gains in the near term. Bitcoin Price Analysis There was a slow…

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Ethereum Classic Price Analysis: ETC/USD Poised for Further Gains

Key Highlights Ethereum classic price formed a support base at $16.40 and recovered against the US dollar. There was a break above a crucial bearish trend line with resistance at $18.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to rise towards the $20.50 and $21.00 resistance levels in the near term. Ethereum classic price is recovering nicely against the US Dollar and Bitcoin. ETC/USD may well accelerate higher above $21.00 if buyers gain control. Ethereum Classic Price Resistance After a major…

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Ripple Price Analysis: Can XRP/USD Make It?

Key Highlights Ripple price is currently holding gains above the $0.7200 support level against the US dollar. There is a crucial ascending channel in place with support at $0.7300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may rise in the near term if buyers succeed in breaking the $0.7500 and $0.7580 resistance levels. Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD is likely to climb higher towards $0.8000 if it breaks the $0.7580 resistance. Ripple Price…

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Whitfield Diffie Talks Cryptography ‘Resurgence’ and Blockchain

“This is very fulfilling because when you thought the subject [of privacy and cryptography] must have run its course, it flares up again.” Those words, from cryptography legend Whitfield Diffie, perhaps captured the essence of the first day of CoinDesk’s Consensus 2018 conference. Diffie famously co-authored a landmark paper in 1976 that laid the foundations for public key cryptography, a key element of modern internet security and of cryptocurrencies. During a freewheeling, jovial fireside chat with zcash founder Zooko Wilcox, Diffie praised blockchains and cryptocurrencies, saying the technology represents a…

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