CRYPTO

  • New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex
    by Aaron Wood on August 19, 2019 at 10:10 pm

    The New York State Supreme Court has ruled that Bitfinex is in the jurisdiction of the state’s Attorney General, allowing for a continuation of its investigation. Disclaimer: This story is breaking and will be updated shortly with further details.The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex.According to a report by The Block on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors. Issues of jurisdiction had previously been a primary issue of contention in an ongoing case between the state of New York and the exchange. […]

  • Bitcoin’s 2019 Gains Not Fuelled on Chinese Capital Flight Onlyh, Claims Circle CEO
    by Rick D. on August 19, 2019 at 10:00 pm

    According to Jeremy Allaire, the price increases in Bitcoin since the beginning of the year were driven by more than just Chinese investors seeking to avoid capital controls. The Circle CEO claims that a belief in this narrative from investors outside of China is likely to behind the rise too. Allaire also believes that although… The post Bitcoin’s 2019 Gains Not Fuelled on Chinese Capital Flight Onlyh, Claims Circle CEO appeared first on NewsBTC. […]

  • Software Engineering Firm EPAM Joins Blockchain in Transport Alliance
    by Ana Alexandre on August 19, 2019 at 9:25 pm

    EPAM Systems Inc. has joined the Blockchain in Transport Alliance, which develops blockchain standards in the transportation, logistics and supply chain industries. Software engineering and IT consulting services firm EPAM Systems Inc. has joined the Blockchain in Transport Alliance (BiTA) that develops blockchain practices and standards in the transportation, logistics and supply chain industry.According to a press release on Aug. 19, EPAM determined 21 real-world use cases of blockchain tech in industries such as life sciences, transportation, logistics, agriculture, consumer packaged goods, manufacturing and retail, insurance and healthcare. The BiTA will purportedly use EPAM’s software engineering expertise to further improve blockchain development and establish standards.Blockchain hype vs practical applicationsCommenting on the collaboration, Jitin Agarwal, EPAM’s vice president of enterprise products, said that the firm wants clients to better understand how distributed ledger technologies can be practically used, stating:”With all the buzz and hype in the market, some companies assume that blockchain is the ultimate be-all, end-all solution for any business challenge. At EPAM, we’re working closely with our customers to help them truly understand how they can utilize distributed ledger technology, in combination with our other solution offerings, to increase efficiency and unlock new business models.”Earlier in August, Canada’s transcontinental railway, Canadian Pacific (CP), also joined the BiTA to support improvements in supply chains through blockchain technology. At the time, BiTA president Patrick Duffysaid that blockchain: “has the potential to smooth the transactions that occur between shippers and carriers, but it requires the active participation of transportation leaders like CP.”Blockchain has been gaining popularity in the transportation and supply chain industries. Recently, the national carrier of the United Arab Emirates Etihad Airways partnered with Winding Tree, a blockchain-based platform for the travel industry, to research how blockchain can aid in distribution. […]

  • Bitcoin Reaches “Do-Or-Die” Level After Overnight Pump
    by Cole Petersen on August 19, 2019 at 9:00 pm

    After posting a strong recovery from its recent lows of $9,500, Bitcoin (BTC) has been able to further extend its upwards momentum and is now nearing the next key price hurdle that could determine which direction it trends in the near-term. Bitcoin’s surge from its weekly lows of $9,500 signals that buyers are currently in… The post Bitcoin Reaches “Do-Or-Die” Level After Overnight Pump appeared first on NewsBTC. […]

  • Salesforce Alternative Cere Raises $3.5 Million From Binance Labs, Others
    by William Foxley on August 19, 2019 at 9:00 pm

    A Binance Labs incubation project, Cere, plans on integrating with Binance’s decentralized ecosystem, Binance Chain […]