Bitcoin Falls 43 Slipping Below 9000 for First Time in Two Weeks

Bitcoin Falls 4.3%, Slipping Below $9,000 for First Time in Two Weeks

                                 

Analysts cited a lack of positive market drivers and speculation that the U.S. Federal Reserve might pause this year’s rate-cutting cycle, which could curb demand for the cryptocurrency as a potential inflation hedge. The price dropped to $8,800 as of 18:57 UTC (1:57 p.m. New York time), according to Trading View. It’s still more than double where bitcoin was at the start of the year, leaving the cryptocurrency as one of the world’s best-performing asset classes in 2019.

Bitcoin had rallied more $2,000 in late October after Chinese President Xi Jinping declared that the country would embrace blockchain – the decentralized computing networks underpinning cryptocurrencies – as a “core” technology, followed by the reveal of hundreds of blockchain projects already in motion. Since then, though, the price had mostly fluctuated within a range between $9,100 and $9,600.

Friday’s decline accelerated after bitcoin broke below its 200-day moving average of $9,186, which had been seen as a price support by some traders using technical analysis. “This is a pretty classic example of a technical move,” said Kevin Kelly, co-founder at Delphi Digital, a cryptocurrency research firm in New York. “It just sort of broke to the downside.” The price drop appears to have triggered margin calls for some traders, leading to position liquidations and creating additional selling pressure, Kelly said.

One of the macroeconomic narratives for buying bitcoin is that, like gold, it can be used as an inflation hedge, Kelly said. But with increasing signs that the economy might be responding to the Fed’s three interest-rate cuts earlier this year, speculation is mounting that the U.S. central bank might refrain in the near term from further moves to ease monetary policy, he said. “You have seen an unwind of the consensus on this doomsday narrative,” Kelly said. Some investors may also have become more skeptical that China’s public push to use blockchain would translate into new demand for bitcoin, according to Greg Cipolaro, co-founder of Digital Asset Research.

While many traders thought bitcoin, as the original blockchain and biggest digital asset by market value, might benefit from broader adoption of the technology, if China has been at work developing a digital version of its own currency, it could be a win for blockchain technology on the whole but mean little for bitcoin today. “My opinion is that that wasn’t the right read of that news,” Cipolaro said. “They were clearly saying blockchain not bitcoin.” With that realization in the backdrop, “you really haven’t seen follow-through on the price,” he said. “There hasn’t been a major catalyst post that $2,000 rip two weeks ago.”

Article Produced By
Michael Williamson

https://www.icogeeker.com/bitcoin-falls-4-3-slipping-below-9000-for-first-time-in-two-weeks/

Chris Corey

Top Vietnamese Bank in Partnership With RippleNet

Top Vietnamese Bank in Partnership With RippleNet

Vietnamese bank TPBank has confirmed its partnership with RippleNet.

Lately, Ripple has been making major steps to improve the global financial infrastructure, as evidenced by its collaboration with Asia-based SBI Holdings, which resulted in SBI Ripple Asia—a branch of SBI Holdings.RippleNet focuses on faster transactions using DLT and the technology could be finding its way into Vietnam if the recent reports are anything to go by. As earlier reported by MSN News, RippleNet is already in association with the Vietnam-based TP Bank, which is currently utilizing its blockchain technology.

Enhancing Cross-border Transactions

TP Bank had previously stated its collaboration with SBI Holdings in order to use blockchain technology to enhance cross-border payments. In an interview with Vietnam Insider, TP Bank CEO Nguyen Hung said: “TP Bank is also working with SBI on applying blockchain to international transactions. With its flexible, transparent, and decentralized nature, blockchain has the potential to greatly improve transaction networks and ensure instant transactions despite geographical distance.”

SBI Ripple Asia serves a conglomeration of Asian banks using the technology to facilitate improved financial infrastructure. RippleNet comes handy as it provides a globally accepted payment network that utilizes XRP. In Vietnam, TP Bank was the first bank to successfully apply for national money transfers. With the Ripple partnership, TP Bank could become the first bank in Vietnam to conduct faster payments through RippleNet.

Vietnamese Bank Targeting Japanese Customers

Cross-border transactions in Vietnam are mainly aimed at Japanese clients. However, based on the reports, the service will be extended to South Korea after Japan. If the country chooses to use ODL, that would mean another milestone for XRP adoption. According to the latest performance and strategy report delivered by SBI Holdings, the institution showed a keen interest in using XRP to facilitate remittances from Japan to South-East Asia. In the new partnership, SBI Remit will utilize Ripple’s On-Demand Liquidity service, a step that will make XRP inch closer to its adoption and utilization. In its effort to eliminate pre-funding in the current correspondent banking network, Ripple believes that XRP provides the best solution for faster cross-border payments.

Article Produced By
Tony P.

Tony is a writer and a crypto enthusiast. A graduate of creative writing, he synthesizes blockchain and cryptocurrency topics in a way he only can.

https://theccpress.com/top-vietnamese-bank-in-partnership-with-ripplenet/

Chris Corey

Why You Can’t Be Anonymous Using Crypto

Why You Can’t Be Anonymous Using Crypto

                                     

Most people associate blockchain and Bitcoin with anonymity and imagine that they can perform transactions online without being detected. But this couldn’t be farther from the truth, as aside from a few altcoins that have privacy features, Bitcoin and most cryptos aren’t actually anonymous.

How Cryptos Can Be Traced

Every crypto transaction has inputs and outputs that are addresses from which the crypto is sent and received, respectively. These addresses are encrypted through a private key, and cryptos such as Bitcoin or Ethereum can only be moved from their wallet using the private key from the address. The outputs are the addresses that receive the crypto, and it is referred to as the public address, which consists of a long string of numbers and letters that do not have any identifiable information to connect you to your address or its associated wallet. The public address acts as your pseudonym on the blockchain and allows other addresses to interact with you.

As these addresses do not give away any personal information, most people believe that they cannot be identified on the blockchain. Even if there is no real name attached to bitcoin transactions, they are pseudo-anonymous at best, as there are many ways of identifying the owner.

In some sense, it is true that bitcoin is more anonymous compared to other payment methods that are run by centralized third-parties, as your bitcoin funds and transactions have no connection to your real name, your email, or your physical address, just random numbers and characters. But actual cash transactions are more anonymous than crypto because all of your transactions are visible to the entire blockchain network. Most blockchains are public ledgers, which means that anyone can look into your transaction history with a certain crypto, and also know how much you hold in your wallet. You would have to create a new wallet after each transaction to keep your anonymity. But, no such measure would be enough to deter someone from finding out your identity.

All Your Activity Is Publicly Available

After you make a transaction with someone, they will have your public address and, using it, they can search your past trading activity, as well as trace all your future transactions. Most cryptocurrencies have publicly-available transactions, and those with the advanced software and necessary tech skills would be able to trace the transactions back to the original source. The availability of blockchain analysis software that is sophisticated enough to track wallets and trace transactions have made it easier for law enforcement agencies to find criminals and drug lords who thought that using Bitcoin’s public ledger would keep their activity anonymous.

Node Connections

Other ways of identification involve finding out your IP address. This can be done by connecting multiple nodes and tracking the source of a transaction. Attackers can intercept your transaction by connecting to all the nodes on the blockchain network. Then, they wait to see which node is the first to transmit a transaction that will be identified as the source of the transaction. Thankfully, there are some methods that you can use to keep your activity private when using cryptos online, such as using mixers. Mixing services jumble up crypto addresses together and send them out randomly, so that no one can link the private and public addresses.

Today, you have a lot of options, as you can choose Bitcoin Mixer to be sure that, when you make a transaction, you can stay calm because no one is spying on you. Also, if you are looking to increase your privacy when using ETH, you can opt for Ethereum Mixer, as it works automatically and without any human assistance.

Article Produced By
Lavinia C.

https://theccpress.com/why-you-cant-be-anonymous-using-crypto/

Chris Corey

Bitcoin Mining to Ramp Up Dramatically in Russia

Bitcoin Mining to Ramp Up Dramatically in Russia

                               

Bitcoin mining is heating up as several groups are ramping up production, with one Russian company aiming for 20% of the world’s total.

Bitcoin mining has definitely changed over time. Regular people used to be able to mine BTC with their desktop computers, but those days are long over. Cryptocurrency mining is now the province of major companies, such as Bitmain. It seems that the competition between crypto mining outfits is heating up, with one Russian company shooting for hitting 20% of the world’s Bitcoin mining total.

In Mother Russia, Bitcoin Mine You!

The company in question is the Russian Mining Company (RMC), and its CEO is Dmitry Marinichev, the country’s Putin-appointed internet ombudsman. The company is setting up shop in a metal factory in the province of Karelia. The factory has been closed since 2018 due to U.S. sanctions.

Of the plant and RMC’s plans, Dmitry Marinichev says:

Now the plant for Rusal is unprofitable, the electricity supplied to it is practically not utilized, and people living in the single-industry town near the plant have nowhere to work. Our idea is to redesign the plant and sell its computing power as a service, that is, provide an IT service.

One of those services is cryptocurrency mining, and the plant is so large, it could account for a full 20% of the entire world’s Bitcoin mining production. The company managed to raise US$43 million during an ICO in 2017.

Other Competitors

RMC is not alone in trying to grab a larger slice of the cryptocurrency mining pie. Argo Blockchain in the United Kingdom has doubled its order of mining rigs as it seeks a “significant expansion” to its capabilities. The company has ordered 10,000 Antminer T17s, worth a total of $9.51 million. When the new mining rigs arrive in December, the company will boast a total of 17,000 Bitcoin mining machines. Its total hash power is then expected to increase by 240%. China-based Canaan Creative is looking to score through a NASDAQ initial public offering. The second-largest BTC mining device manufacturer is hoping to raise $400 million through the IPO. The company says it will use the funds to pay off debts and fund research into blockchain technology and AI.

The decision by Canaan Creative comes a short time after Chinese President Xi Jinping spoke favorably about the country becoming the leading force in advancing blockchain technology. However, China is still hostile to decentralized cryptocurrencies, shutting down exchanges back in 2017, but the country’s central bank is reportedly close to releasing its own state-controlled cryptocurrency. While some critics are saying that the profitability of Bitcoin mining is down considerably, it seems a number of companies are willing to spend big to increase their stake in the industry.Images courtesy of Wikimedia/Vpetrov-71 and Pixabay.

A few years back, Jeff began hearing about Bitcoin and the rise of other cryptocurrencies. A proponent of allowing people to take economic power into their own hands, he has enthusiastically supported cryptocurrencies and the many benefits of blockchain technology. This interest propelled him to becoming a writer for, and later editor of, several crypto-focused websites. His goal with BitcoinerX is to provide timely news and analysis in an entertaining manner.

https://bitcoinerx.com/mining/bitcoin-mining-to-ramp-up-dramatically-in-russia/

Chris Corey

Comrade Communist Party of China Now Promoting Blockchain

Comrade! Communist Party of China Now Promoting Blockchain

                                

In an interesting twist, China is now promoting blockchain, albeit from a communist angle, while censoring dissenting views.

China has an interesting history with cryptocurrencies and blockchain technology. At one time, most of the Bitcoin trading took place in China, and crypto mining is still heavily associated with the country. The last few years have seen the communist central government work against virtual currencies, such as banning exchanges and putting the squeeze on miners. However, China is now actively promoting blockchain but is doing so while adhering to the party line.

Censoring Naysayers

President Xi Jinping of China recently endorsed blockchain technology in a major policy speech. The effect of the speech was to see the stocks of blockchain-associated companies rise dramatically. Such a move seems like a good one, but there is a price to pay.That price is that the innovative technology must bend to the will of the communist government, which can be seen in several forms. The first form is the use of censorship that is being used to help promote blockchain. The central government is now banning articles that say blockchain is a scam, according to popular Twitter user cnLedger. Such a circumstance is a complete 180 from the prevailing attitude of just a year ago. However, blockchain technology is now useful to the country’s regime, so it gets the green (or should that be red, eh, comrade?) light.

App Promotion

Another form of how blockchain and communism are being linked is through an app. The Communist Party of China (CPC) has released an app called Xuexi Qiangguo that was designed by the Alibaba Group. This app teaches a course on Bitcoin and blockchain, but the kicker is that it does so through the political theory espoused by Xi Jinping, who just happens to be the Communist Party General Secretary in addition to being the Chinese president. The reach of the Xuexi Qiangguo app is huge. It is reported that it already has 100 million users. The course on Bitcoin and blockchain, taught by Chen Kang, can also be found on Xuetangx, a MOOC platform with 16 million users that was founded by Tsinghua University, the college that Chen Kang works at.

User Beware

The Xuexi Qiangguo app is not benign. Researchers from German cybersecurity company Cure53 and the Open Technology Fund, sponsored by the U.S. government, have found some malicious code within the app. The researchers say the code found in the app resembles “a backdoor which is able to run arbitrary commands with superuser privileges.” If run, the app’s code will allow a person to enjoy full system-wide administrative access. This means a bad actor could use the app to modify files, download software, or even install a keylogger. The app also scans other apps and sends the collected info (activity log, user info, etc.) to whoever is behind the malicious code. Cure53 also found that the app gives the Chinese government the ability to know “the location of every citizen at any single point in time.”

Make no mistake. China is deadly serious about being the world leader in regards to blockchain technology. A majority of the world’s blockchain-associated patents have been filed in China, and the central bank is reportedly close to launching its own state-controlled cryptocurrency. Mark Zuckerberg recently warned Congressional members that if the U.S. does not actively support cryptocurrency and blockchain, then it will cede the field to China.

Article Produced By
Jeff Francis

https://bitcoinerx.com/blockchain/comrade-communist-party-of-china-now-promoting-blockchain/

Chris Corey

What Is A Market Network?

What Is A Market Network? 

Back in 2015, it was exhibited that the next 10 years would be all about Market Networks whereas the last decade was focused on Social Networks. There were a few companies mentioned that were deemed to be market networks and essentially had the key factors of a market network and what it is purported to be. However, since then we have gone next level with blockchain technology. But has any of those market networks actually adopted this new and beneficial technology?

 

So what exactly is a Market Network?

 A market network is a combination of a marketplace and a social network that includes SaaS which helps the individuals in the market network to work with customers and other service providers to build relationships rather than just quick transactions we experience on eBay or Amazon. 

Marketplaces are essentially about selling your product or service even though reviews of goods purchased by the customer are there to guide potential customers’ purchasing decisions. However, marketplaces are predominantly where buyers and sellers meet for one-off transactions. Typically, marketplaces are an accumulation of sellers. 

 

We all know what social networks are. Over the last 15 years, most of us have participated in Facebook or Linked to communicate with people and build relationships for whatever reason. However, commerce is not the core objective of social networks. 

 

SaaS (Software as a Service) are business applications, including email and collaboration, customer relationship management (CRM), billing/payroll processing, sales management, human resources management, financial management, database management, enterprise resourcing planning (ERP), content management, and document editing and management.

So what we had was two separate places for your online presence and commerce. A marketplace to sell stuff, and a social network to build relationships. The SaaS doesn’t exist on these platforms, that’s separate and an added expense for business owners and marketers.

But what if you provide a service that is more involved than a simple buy-sell transaction. On top of that, what if you need collaboration with other professionals in your industry to form a team to provide a complete service?

Well, that’s what market networks are all about. In the market network, you are a service provider, but also a person with a profile, with history, reviews, score, etc. You can team up with other people to provide a complex service to a customer and channel the workflow through a SaaS solution.

 

How Does Blockchain Fit Into The Market Network Model? 

To be successful in online branding and operating a business in the ever-expanding internet world, you must maintain your profile in many networks, social and market. It’s difficult to effortlessly scale your reputation from one network to a different one. They are pretty much isolated from each other and they can’t communicate with each other, nor do they really want to because they generally belong to someone. And it so happens that “someone” is never the community that brings value to the platform.  It’s not easy for a centralized market network to diversify among service providing platforms and it takes a lot of effort to build and maintain individual profiles that you can only use in an isolated network. 

What if your online identity always belonged to you, not a service or platform? And also, the reputation of your branding was maintained by the network and that network also belonged to you? In other words, a decentralized reputation that would enable you to plug into any other centralized network. You see, when your reputation is decentralized, the entire digital space becomes your network. 

Blockchain is the ultimate framework or infra-structure tool that gives individuals true ownership of their digital selfhood and reputation. It creates self-sovereignty.  

 

Decentralization In The Marketplace

Decentralization has many features that are beneficial for industries and users around the world. Reduced fees, increased efficiencies, removal of biased agendas and tiers of corruption and greed.

There have been companies like Airbnb and Uber that introduced a new era allowing people to rent out and monetize items. Or eBay and Etsy allowed people to sell products online and Upwork and Fiverr helped freelancers to sell their services. At this stage, these companies are all centralized and very linear with no collaboration between them.

Enter Blockchain.

A decentralized marketplace allows for true peer-to-peer transactions without centralized authorities taking their fees. This is made possible through blockchain technology and smart contracts. We no longer need the trusted third party verifying sellers and ensuring payments. 

 

Decentralization In Social Media

The traditional social media platforms are losing their edge, and their users have taken a massive beating. While some have given up on their social media world completely because it’s affecting their psychological well-being, some have become very disappointed with the fact that the benefit of their work was being passed onto the site more than them or their hard work has been deleted by centralized authorities due to hidden agendas. 

If this wasn’t enough, user data, which is meant to be confidential, is being made available in the open market, with governments, advertising companies and more having access to it. This has made users apprehensive about sharing personal details of their lives.

 

Enter Blockchain

Blockchain is going to transform the user experience in social media networking. These are important factors like the users’ information is encrypted on the blockchain network, so the privacy of data is maintained. Also, a platform can offer monetary compensation and loyalty programs for any and all activity performed by the user. Imagine producing viral content on the platform and getting paid for it? This does not happen on traditional social media, fast becoming a product of drama, agendas, and antiquity.  

There are upcoming platforms that are classed as social media on the blockchain whereby you can monetize your blogs, some even have a messaging app integrated, but it stops there. Imagine a complete Market Network as described above that is decentralized, pluggable, and portable which are key components and that have the capabilities to have your marketing, blogging, Storefronts, in fact, all your branding goes viral across all platforms in the internet space?

Enter Markethive – Embracing Blockchain Technology 

Markethive is a social marketplace, digital media platform for entrepreneurs that have the combined power of Facebook/LinkedIn, Marketo/Hubspot and Amazon/eBay along with Crypto News Sites like Cointelegraph/Bitcoin.com. Delivering a dynamic social network, integrated with Inbound Marketing (SAAS), numerous commerce platforms, storefronts coupled with augmented reality, and multiple traffic portals, built on the blockchain.

Does It Pay?

Markethive is a next-generation Market Network and the first to adopt blockchain technology that has positioned itself as a complete ecosystem for Entrepreneurs. Using the latest technology, it provides prosperous solutions for all business owners, marketers who require an online presence. Including Markethive’s own Coin (MHV) and Crypto Exchange for ease of liquidity as well as purchasing products and services within the Markethive ecosystem.

Creating a “Universal Income” for entrepreneurs, Markethive is delivering an infinity airdrop incentive to new subscribers, Bounty, and Loyalty programs and has set up the entire system with faucet like or micropayment rewards for using the system, including “Tips” instead of “Likes” This means the whole system is monetized for the benefit of all users. The income potential is huge and the MHV Coin ensures that all users will earn money for everything they do in Markethive.

 

So What Do You Get?

Markethive's functionalities include SEO features, Analytics, Customer Management System, Traffic Portals, Capture Page and Lead Creation, Profile Page, Resume, E-commerce portals, Video Conferencing, Blogging Platform, Messaging, Press Release, and Sponsored Article distribution, Banner Program and much more. Also included are significant training tutorials and weekly live support meetings, with a step by step automated tutorial system in the works.

Inbound Marketing is a key component of Markethive’s embodiment. Markethive plugs into all Social Media, simplifying your marketing efforts, with automated email campaigns allowing for lead flow into your designated business. Markethive incorporates collaboration building relationships within the community. 

Did I mention that the inbound marketing component is free to use while being rewarded with MHV? The only thing that is more rewarding beyond your wildest dreams is the loyalty program which enables you to profit from all facets of the Markethive system including receiving dividends from the company’s net profits. It basically means you as part of the Markethive community own a piece of Markethive, unlike the centralized companies with their venture capitalists and shareholders.

Conclusion

The potential of what the blockchain offers is extremely exciting. And although we are seeing some companies integrating the blockchain as they see what it can do for them and the world holistically, large scale adoption may still take some time. However, the unconventionality of this next-level technology shouldn’t deter marketers, business owners, entrepreneurs, in fact, anyone with a social or marketplace profile from embracing this new protocol given that it offers people many advantages in the form of transparency, security, anonymity, and performance with the added benefit of self-sovereignty. 

In the next article, we will explore Inbound Marketing and blockchain. Stay tuned… 

 

ecosystem for entrepreneurs

 

 

Deb Williams 

A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

 

 

 

Chris Corey

Volvo: Cobalt Used In Car Batteries Will Be Recorded On Blockchain

Volvo: Cobalt Used In Car Batteries Will Be Recorded On Blockchain

Volvo Cars Company announced that the Cobalt used in the electric car batteries

will be recorded or tracked on the blockchain, reported on 06 November 2019. According to the report, this new announcement of the use of blockchain traceable Cobalt is followed by Volvo’s first fully electric car named the XC40 Recharge announcement that was published last month. For the further development or implementation of this new technology, Volvo already did an agreement with its two car’s battery suppliers named China-based CATL and South Korea-based LG Chem. As per the deal, These two battery suppliers will be responsible to fulfill the requirement of batteries in Volvo’s new model cars for the next decade as well as they have to use blockchain technology for

tracing required raw materials.

“Blockchain technology, which establishes a transparent and reliable shared data network, significantly boosts transparency of the raw material supply chain as the information about the material’s origin cannot be changed undetected.”

– Volvo Cars Company

The raw material traceable blockchain system is already ready for use as it was successfully tested in august by blockchain firm Circulor and software giant Oracle on

CATL’s supply chain.

“We have always been committed to an ethical supply chain for our raw materials, With blockchain technology we can take the next step towards ensuring full traceability of our supply chain and minimising any related risks, in close collaboration with our suppliers. ”

– head of procurement at Volvo Cars, Martina Buchhauser

Previously, The encrypted peer to peer messaging application Telegram has launched the test wallet for its native cryptocurrency GRAM token. Telegram has launched the wallet for Windows, iOS and Linux users. Users can download the gram wallet from the official website.

Article Produced By
Blockchain News

https://bitcoinik.com/volvo-cobalt-used-in-car-batteries-will-be-recorded-on-blockchain/

Chris Corey

China Removes Bitcoin Mining From Its BanList

China Removes Bitcoin Mining From Its BanList

China removes the bitcoin mining from the ban list of industries,

and now the bitcoin mining industry has no restrictions or danger from the regulatory department of china, reported on 06 November 2019. According to the report, it is confirmed from the information given in the newly published edition of Industrial Structure Adjustment Guidance Catalog (2019) where bitcoin mining is not listed in the elimination list of industries that are going to be banned after taking final action in 2020.

Previously, China published a list of industries that will be banned in 2020 where bitcoin mining was also listed in the ban list, but just now they published the documents again by doing some changes where bitcoin mining is also removed from the ban list.
This is really good news for the bitcoin because most of the hash power on the bitcoin network is from the bitcoin mining farms established in China.
China also a big producer of bitcoin mining equipment.

Last month, Hurun Report, research, media, and investment firm recently published a report named “Hurun China Rich List 2019” in which it featured 12 local cryptocurrency magnates. Last Week, The encrypted peer to peer messaging application Telegram has launched the test wallet for its native cryptocurrency GRAM token. Telegram has launched the wallet for Windows, iOS and Linux users.

Article Produced By
Bitcoin News

https://bitcoinik.com/china-removes-bitcoin-mining-from-its-banlist/

Chris Corey

Microsoft and Partners Make it Easier for Businesses to Issue Crypto Tokens

Microsoft and Partners Make it Easier for Businesses to Issue Crypto Tokens

                                

The cryptocurrency industry sees an influx of new tokens and assets on a regular basis.

The new service launched by Microsoft will only accelerate this trend moving forward. Microsoft has shown a keen interest in blockchain technology in recent years. It allows corporations and users to deploy ledgers as-a-service. This lowers the barriers to entry significantly for novice users and enthusiasts. 

More Crypto Tokens are Coming

In a new announcement, the technology now shifts its focus to issuing crypto tokens. This is a new approach aimed directly at enterprise clients experimenting with blockchain-as-a-service. Any company can select a set of token-building templates and deploy their own offering accordingly. How the companies decide to use such tokens in the end, is entirely up to them. Potential use cases for this technology include loyalty rewards, incentives, and even letters of credit. 

Creating such a new ecosystem where tokens can be issued and put to use directly is a bold move. It will also pave the way for building additional applications utilizing these new tokens accordingly. The new service is known as the Azure Blockchain Tokens platform. When it launches, there will be a list of “examples” for token issues to look at. It is also worth pointing out this is not just a Microsoft venture either. The company received the support from IBM, R3, and Digital Asset. It is plausible to assume this list will be expanded upon further as more time progresses. 

Article Produced By
JP Buntinx

https://cryptomode.com/microsoft-and-partners-make-it-easier-for-businesses-to-issue-crypto-tokens/

Chris Corey

University Researchers Accuse Tether of Manipulating Bitcoin Prices in 2017

University Researchers Accuse Tether of Manipulating Bitcoin Prices in 2017

                               

Many cryptocurrency enthusiasts like to think back to 2017.

It was the year when Bitcoin and virtually all altcoins noted their last all-time high values. To this date, it still remains unclear where this sudden surge came from. Many people still feel Tether is partially to blame for this series of events. Influencing cryptocurrency prices can be done by anyone and everyone. The scale at which that impact will be visible is a different matter entirely.

More Tether Manipulation Accusations

As far as the 2017 cryptocurrency push was concerned, many people suspect big holders made their play accordingly. A new study created by John Griffin and Amin Shams seems to hint at one sole entity being the catalyst. They claim it only took one wealthy speculator to manipulate all of the markets with relative ease. More specifically, the researchers point a finger of blame at Tether. The company issues the USDT stablecoin which is commonly used across trading platforms. 

While it is not the first time Tether is named in regards to potential market manipulation, the company refutes any and all claims. Tether’s General Counsel Stuart Hoegner went as far as stating how the research is flawed in many different ways. It is evident that this will not be the last accusation of Tether either. The company has been under scrutiny for quite some time now. In recent months, the company also became involved in a lawsuit. The outcome of that investigation is still pending at this time.  Whether or not this research factors into that lawsuit, remains unclear. 

Article Produced By
JP Buntinx

https://cryptomode.com/university-researchers-accuse-tether-of-manipulating-bitcoin-prices-in-2017/

Chris Corey