Archive for  May 2018

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The company directors added LTC as one of the payment methods on the instant flight booking platform, as they believe that Litecoin is safe and reliable cryptocurrency. The LTC payments can now be done directly from a smartphone. Tapjets already had support for BTC and ETH as payments methods, but according to Litecoin founder Charlie Lee, “The advantages that Litecoin has over other cryptos is LTC’s ease of integration technically and high exchange liquidity globally.”

The crypto payroll service Bitwage announced the launch of ICO advisory firm called Inwage. The company will offer technical and marketing services, including the development of smart contracts, auditing and website creation, PR and event marketing. For the first project, Moria Token, which provides an investment platform for the mining of precious metals, Inwage managed to surpass the initial fundraising target by 40%, raising $50 mln in ICO.

Today tenth-largest cryptocurrency TRX started the transition from the Ethereum network to its own independent blockchain, by launching the Tron mainnet, called Odyssey 2.0. The token immigration will take place from 21st to 24th June, and users will have to deposit their ERC-20 tokens at participating cryptocurrency exchanges to receive an equivalent number of TRX on the new blockchain. The full transition is planned to culminate on June 25.

The Kuwait Finance House (KFH), is the first Arab bank to join RippleNet to provide instant and secure cross-border money transfers within seconds, with end-to-end visibility over the journey of the payment. Ripple is expanding fast in the UAE region, as RAK Bank, also known as the National Bank of Ras Al-Khaimah, an emirate in the UAE, became a RippleNet member in September to enable instant, frictionless and secure money transfer services. In February, another Middle Eastern money transfer and forex firms, the UAE Exchange, also joined the blockchain network developed by San Francisco-based Ripple. The Saudi Arabian Monetary Authority (SAMA), the defacto central bank of Saudi Arabia, has also partnered Ripple to pilot Ripple’s xCurrent among a number of regional banks.

The new Trinity Mobile wallet is available for both iOS and Android devices. Also, the app allows users to save seed-phrases, supports two-step authentification and offers faster and more transparent transactions. It has been reported earlier, that UN is implementing IOTA technology into its operational processes, including documentation and supply chain management.

According to a recent research, carried out by Boston College Carroll School of Management, the average ICO investor is still raking in a significant profit. The study shows that average ICO token increased by 179% from the sale price to its opening price once listed on a cryptocurrency exchange. The researchers said: “Our paper show scams, while plentiful in number, are not as important in terms of stolen capital because investors are shrewd enough to spot (and underfund) them.”

According to the СoinМarketСap data, from today’s afternoon, most cryptocurrencies trade with a positive indicator. BTC has also overcome this morning’s decline, and its price went up by 2.31%, trading at $7,432 (press time). The price of second largest cryptocurrency Ethereum is also up by 4.18%, trading at $558.53. However, not all altcoins are seeing green today, thus EOS is down by 2.24% to $11.9 price mark. This decline might be due to the fact that Chinese manufacturer of cyber security solutions Qihoo 360 found a significant vulnerability in smart contracts EOS.

Currently, the number of BTC ATMs globally is 3,128. On average, around 6 new ATMs are being installed daily. In comparison, at the beginning of 2017, there were only 1000 machines in total. And it looks like the decline of Bitcoin price did not affect its demand. In addition, the number of ATMs where you can also sell BTC also increased, now accounting for 35% of all machines. BTC is the leader of demand and is supported by 99% of all ATMs when other altcoins are supported by just 50%. The most popular altcoin in this segment is Litecoin (47.8%), followed by Ethereum (28.1%). The leader of Bitcoin ATM installations is the USA (1,800 machines), Canada (477) takes the second place, and the third – Austria (174).

Weixing Chen, the CEO of Funcity and founder of Kuaidi Dache app, announced that together with Yan Yun, the co-founder of one of the largest Chinese voucher sale app Meituan, are now testing blockchain technology for the social app of such large scale. After joining forces in 2014, the two companies managed to dislodge Uber services in China and they are now working on developing a new alternative of ride-sharing service based on blockchain.

The structure of new committee will be based on that of TC 307, a counterpart blockchain commission under the International Organization for Standardization (ISO). It is planned to have a comprehensive framework for blockchain standards complete by the end of 2018. An IT research lab is already conducting monthly evaluations of major public blockchains in an effort to create a standard rating system.