Quiet Surge: Bitcoin Price Sets New High Above $6,000

Quiet Surge: Bitcoin Price Sets New High Above $6,000

The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time. Markets climbed as high as $6,003.81, according to CoinDesk's Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10. BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp.
Tezos Derivatives Crashes Amid Management Infighting after $232 Million ICO

Tezos Derivatives Crashes Amid Management Infighting after $232 Million ICO

The price of Tezos derivatives has crashed on multiple exchanges following the revelation of infighting between the platform’s developers and the independently-operated Tezos Foundation. Infighting at Tezos Initial coin offerings (ICOs) have exploded in 2017, and the Tezos ICO rode that wave to a then-record $232 million ICO in July.

BitMEX Clarifies Position on Bitcoin Hard Forks With SegWit2x Looming

BitMEX, a cryptocurrency exchange, has clarified its position on hard forks considering the pending SegWit2x hard fork in November. The SegWit2x hard fork is intended to provide a minimal patch to resolve the conflict over activating SegWit and increase the block size to allow faster transactions on the bitcoin blockchain. In the interest of protecting customer assets, BitMEX noted in a blog that it requires the following measures of hard forks: Strong two-way transaction replay protection, enabled by default, so that transactions on each chain remain valid on one another.
Bitcoin Price Hits $6,054, Factors Behind New-All Time High

Bitcoin Price Hits $6,054, Factors Behind New-All Time High

Earlier today, on October 20, the Bitcoin price achieved a new all-time high at $6,054, for the third time in the past 20 days. Within the past 24 hours, the price of Bitcoin has surged from $5,600 to $6,054, by over $400 in a single day.
TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue

TSMC: Cryptocurrency Mining Drove Strong Third Quarter Revenue

The chief financial officer for the Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent semiconductor foundry, cited cryptocurrency mining in the firm's third-quarter results. The company – which provides semiconductor manufacturing services for a range of industries, including firms that design and assemble application-specific integrated circuits (ASICs) for cryptocurrency mining – announced third-quarter revenue of $8.32 billion, an increase of 17.9% compared to the previous quarter and 1.
Mastercard Expands Access to B2B Blockchain Payment Tools

Mastercard Expands Access to B2B Blockchain Payment Tools

Credit card giant Mastercard is pushing ahead with a set of blockchain payment tools first unveiled last year, opening them up to banks and merchants for wider use. In a press release, the company announced today that it would first be working on business-to-business (B2B) transactions with the tech, as part of a bid to "address challenges of speed, transparency and costs in cross-border payments.
Islamic Development Bank to Research Sharia-Compliant Blockchain Products

Islamic Development Bank to Research Sharia-Compliant Blockchain Products

The Islamic Development Bank (IDB) of Saudi Arabia's research outfit is reportedly using blockchain to develop new sharia-complaint financial products. According to Reuters, the Islamic Research and Training Institute has struck an agreement with two startups – Ateon and SettleMint, the latter of which is based in Belgium – to perform technical feasibility studies ahead of any deeper research and development.
Intel Plans to Make Driverless Cars Free of Blame From Accidents

Intel Plans to Make Driverless Cars Free of Blame From Accidents

There is another major development in the world of driverless cars on the horizon. A recent announcement by Intel will not go over well with the general public, though; that much is a foregone conclusion. The company claims to have developed a system which ensures that self-driving vehicles can’t cause accidents. That’s a very bold claim that will need some solid evidence to be backed up. Making autonomous vehicles blameless is not necessarily the right option to pursue right now. Driverless Cars Can’t be Blameless Everyone who has ever worked with a computer program or piece of electronics will know there is no such thing as “blameless” in the world of technology.
Japanese Police Arrest Former XRP Exchange Operator on Fraud Charges

Japanese Police Arrest Former XRP Exchange Operator on Fraud Charges

We have seen the arrests of multiple cryptocurrency exchange operators over the past few years. In particular, people who run such businesses without the proper licenses find themselves in a world of trouble sooner or later. In Japan, the police have arrested one individual who allegedly ran a Ripple-related exchange business. He scammed at least one investor out of a deposit, which made him a person of interest to the police. Former XPR Exchange Operator Gets Arrested This entire story is worth taking note of, especially when considering that the same individual defrauded at least a dozen investors across different schemes.
Rublix – Changing the Cryptocurrency Scene

Rublix – Changing the Cryptocurrency Scene

It’s obvious that cryptocurrency investing is often intimidating and complex for newcomers to the space. This complexity has been one of the largest factors limiting the speed of mass adoption. Without user-friendly tools, even if new investors and traders are sure of what they want to purchase, they may often be unsure of how best to manage and analyze their assets. This is what makes the projects being led by Rublix some of the most promising currently underway, and has the potential to change how users interact with their investments.

Wall Street Analyst Gary Shilling: I Don’t Understand Bitcoin

Gary Shilling, a prominent and highly regarded Wall Street financial analyst, recently said in an interview that he doesn’t understand Bitcoin and do not intend to invest in “things that are not transparent.” While his statement was factually inaccurate, as Bitcoin is the most transparent financial network in existence due to its decentralized blockchain network, it is optimistic to see investors acknowledge their lack of knowledge in Bitcoin, rather than simply calling out Bitcoin as a “bubble” or a “fraud,” as figures such as JPMorgan CEO Jamie Dimon did in the past.
Newsflash: Bitcoin Price Goes Berserk, Tears Past $6,000

Newsflash: Bitcoin Price Goes Berserk, Tears Past $6,000

Bitcoin price hit a new all-time high on Friday, making a run and breaking beyond the significant milestone of $6,000. USD bitcoin prices found support near $5,700 throughout most of the day before trading took a turn and went stratospheric at midday (UTC). At 13:30, bitcoin was trading to the dollar at $5,650 on Bitfinex before shooting up to $6,054.9 at 15:00, a new record high for the world’s most prominent cryptocurrency. At press time, data from CoinmarketCap pegs bitcoin’s value at $5,943.
$6,054: Bitcoin Price Soars to All-Time High

$6,054: Bitcoin Price Soars to All-Time High

The bitcoin price soared to a new all-time high of $6,054 on Friday, punching through the $6,000 barrier for the first time. Bitcoin Price Storms Past $6,000 After a week of volatility, the bitcoin price had appeared to settle down to a stable level on Friday. That, however, was just the calm before the storm. After consolidating support at the $5,650 mark, the bitcoin price began to soar, crossing the $5,700, $5,800, and $5,900 checkpoints in quick succession At 15:00 UTC, Bitfinex experienced an explosion in trading volume, carrying the bitcoin price over the $6,000 to set a new all-time high of $6,054.
DTCC Milestone: $11 Trillion in Derivatives Gets Closer to the Blockchain

DTCC Milestone: $11 Trillion in Derivatives Gets Closer to the Blockchain

The company that today settles the lion's share of U.S. securities is moving its flagship blockchain project out of the testing phase. Revealed in an exclusive interview with CoinDesk, the DTCC reports that it has completed an early version of a blockchain that could one day support the trade of $11 trillion-worth of credit derivatives. The milestone signifies a major development for the clearing house, one that also marks a continuation of the largest effort yet to adapt an existing financial infrastructure to a blockchain.
100 Diplomas: MIT Issues Graduate Certificates on a Blockchain App

100 Diplomas: MIT Issues Graduate Certificates on a Blockchain App

The Massachusetts Institute of Technology (MIT) has used bitcoin's blockchain to issue digital diplomas to over 100 graduates as a part of a pilot project. In an announcement, MIT explained the certificates were issued through an app called Blockcerts Wallet, which allows graduates to securely share a "verifiable" and "tamper-proof" digital version of their diplomas with prospective employers and others.
Tezos ICO Threatened by Internal Power Struggle

Tezos ICO Threatened by Internal Power Struggle

Tezos is one of the cryptocurrency ICOs which has received a lot of attention of late. After raising around US$232 million in short order, there are plenty of people with incredibly high expectations for this project. So far, it seems things are not exactly going according to plan, as an internal power struggle is diminishing the project’s chances of success. It was only a matter of time until something like this happened, to say the very least. Tezos Power Struggle is Problematic No one can deny any cryptocurrency ICO raising over US$200 million is bound to run into some trouble sooner or later.
Bank of Canada’s Project Jasper Advances Blockchain-Based Securities Settlement

Bank of Canada’s Project Jasper Advances Blockchain-Based Securities Settlement

There are so many blockchain projects out there, one is almost at a loss when trying to keep tabs on everything. That in itself is no real surprise, as information about most of these initiatives is incredibly difficult to come by. Bank of Canada, one of the more transparent entities in this regard, has announced it will commence the third phase of Project Jasper very soon. Project Jasper Matters to Bank of Canada and TMX It has to be said, Project Jasper is one of the more intriguing finance-oriented blockchain ventures in the world right now.
Copy-Trading Platform for Crypto Assets, Covesting, Launched Pre-ICO on October 20th

Copy-Trading Platform for Crypto Assets, Covesting, Launched Pre-ICO on October 20th

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. The Covesting project captured ample media attention since it was announced by Dmitrij Pruglo, as it is the first of its kind, copy-trading platform for crypto currencies.

Why Erik Voorhees Keeps All His Assets in Bitcoin

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. If you’ve not heard of Erik Voorhees, then, chances are, you must be new to the world of Bitcoin and cryptocurrency – because he’s one of the most pre-eminent entrepreneurs in the industry.

UTRUST Attending Blockchain Conferences in Europe, Asia and North America Ahead of November 2nd ICO

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Bitcoin Press Release: Two weeks ahead of its ICO on November 2nd 2017 (2pm UTC), cryptocurrency payments solution UTRUST has confirmed participation in key blockchain conferences across Europe, North America and Asia.

ATLANT Tokenizes Assets Making Them Tradeable in a Decentralized Exchange

This is a submitted sponsored story. Blockchain and tokenization are bringing to reality things that were never thought to be possible just a few years ago. The idea of breaking down assets into little digital units that can be traded with market liquidity and deliver ultimate value to all parties involved is an innovation that is set to disrupt the real estate and physical asset market effectively.

Bridges in a Fractured Cryptosphere

This is a submitted sponsored story. One of the most influential tech investors, Marc Andreesen, once opined that “software is eating the world“, but even he could not have anticipated the breakneck speed at which blockchain solutions would proliferate in 2017 to solve persistent consumer and business problems that previously seemed intractable.

Blockchain In-Game Marketplace DMARKET Token Sale Nears Final

This is a submitted sponsored story. CCN does not endorse the company, product or service mentioned in the content below and urges readers to conduct their own research with due diligence. Do you remember that feeling when you read about a brand new company conquering the market, and one disturbing thought crossed your mind: why didn’t I invest in that? Truthfully, if you could go back in time, you’d have to dig through thousands of ICO whitelists and reviews to find and identify this dark horse.

Catch-22 for Unbanked: How a Billion People Can Enter the Global Economy

This is a submitted sponsored story penned by Anton Dzyatkovsky, co-founder of MicroMoney. The catch-22 is a paradoxical situation from which an individual cannot escape because of contradictory rules. The catch-22 of modern banking is that if you need a credit, you need a credit score, and to get a credit score you need a credit. Logically enough, banks have to spend hundreds of dollars to scrutinize potential client’s creditworthiness.
Ethereum, Bitcoin Prices Stabilize After Day of Sideways Trading

Ethereum, Bitcoin Prices Stabilize After Day of Sideways Trading

Traders restored a bit of stability to the crypto markets on Friday following a day of sideways trading. The bitcoin price and ethereum price each declined a bit less than 1% for the day, and most major altcoins experienced similar minor declines. However, no top 10 cryptocurrency moved more than 3%, providing the market with one of its calmer day-over-day performances in recent memory. Chart from CoinMarketCap Altogether, the cryptocurrency market cap shed about $1.