Wednesday, March 20Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Bahamas Central Bank to Launch Pilot Digital Currency

Bahamas Central Bank to Launch Pilot Digital Currency

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Please share if you find this article interesting. Bahamas Central Bank to Launch Pilot Digital Currency The Central Bank of the Bahamas is planning to introduce a government-backed pilot digital currency, Jamaica Observer reported June 22. Speaking at the Bahamas Blockchain and Cryptocurrency Conference earlier this week, Deputy Prime Minister and Minister of Finance of the Bahamas, K Peter Turnquest, made the announcement, saying that the development of a fully digital payment service is “the way forward for this era of governance.” Turnquest continued: “A digital Bahamian currency is especially important for the many family islands as they have seen many commercial banks downsize and pull out of their communities, leaving them without banking services. As an island nation, wh
Bitcoin Price Falls Below $6,000 to Hit New Low for 2018

Bitcoin Price Falls Below $6,000 to Hit New Low for 2018

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Falls Below $6,000 to Hit New Low for 2018 The price of bitcoin slid below $6,000 on Friday, hitting a new low for 2018. CoinDesk's Bitcoin Price Index (BPI) fell to $5,938.18 at 21:51 UTC, surpassing the prior low of $5,947, which occurred on February 6. As of press time, that figure had risen above that low, with the price of bitcoin averaging $5,977.02, BPI data indicates. All told, the price of bitcoin has declined more than $700 since the start of the day's trading. The cryptocurrency's market capitalization has also dipped, sliding to $102 billion – its lowest of the year – according to the BPI. As analysis previously suggested, market bears may be back in force following the recent push above $6,700. CoinDe
Walmart Awarded Patent for Blockchain-Based Medical Records System

Walmart Awarded Patent for Blockchain-Based Medical Records System

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Please share if you find this article interesting. Walmart Awarded Patent for Blockchain-Based Medical Records System U.S. retail giant Walmart has been awarded a patent for a system that would store medical records on a blockchain from a wearable device, according to a patent filing published by the U.S. Patent and Trademark Office. The system, according to the document, will allow medical professionals to retrieve medical data from a patient that is unable to communicate. The patient’s medical records will theoretically be stored on a blockchain, accessible by a device worn by the patient that first responders could access with an RFID scanner. The patent further explains the principles of the system's operation: “... receiving, by a processor of a computing system, an encrypt
Crypto-Related Crimes to Exceed All Other Cyberattacks in 2018, Says Israeli Expert

Crypto-Related Crimes to Exceed All Other Cyberattacks in 2018, Says Israeli Expert

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Please share if you find this article interesting. Crypto-Related Crimes to Exceed All Other Cyberattacks in 2018, Says Israeli Expert According to an expert at the Israeli cybersecurity firm Check Point Software Technologies (CHKP), crypto-related crimes would exceed the number of all other cyberattacks in 2018, the Times Of Israel reports June 22. The expert defined “cryptocurrency-related cyberattacks” as any form of cybercrime that involves crypto, including scams and hacks.Speaking on a panel at the “Blockchain, The New Digital Age” event at Tel Aviv University, CHKP expert Lotem Finkelsteen said that illegal activity in the initial coin offering (ICO) market is the main obstacle to the development of blockchain technology.“Not a day goes by without our hearing about a new I
Chief Strategy Officer of Bitfinex Crypto Exchange Steps Down

Chief Strategy Officer of Bitfinex Crypto Exchange Steps Down

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Please share if you find this article interesting. Chief Strategy Officer of Bitfinex Crypto Exchange Steps Down Chief Strategy Officer (CSO) Phil Potter of Bitfinex crypto exchange is resigning from the company, Reuters reports June 22. Potter will be replaced in the interim by Bitfinex CEO, Jean-Louis van der Velde. Potter commented that it was the “natural time for [him] to depart the executive team” while Bitfinex turned to “other strategic international markets.” According to Reuters, he referenced “new opportunities” to come, but did not specify what they would be. Bitfinex is the 4th largest crypto exchange by trade volume, according to Coinmarketcap, and shares management with Tether, a company that issues a digital tokens pegged to the U.S. dollar. Tether has been critic
Leading US Crypto Exchange Coinbase’s Growth Is ‘Outpacing Its Resources’

Leading US Crypto Exchange Coinbase’s Growth Is ‘Outpacing Its Resources’

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Please share if you find this article interesting. Leading US Crypto Exchange Coinbase's Growth Is 'Outpacing Its Resources' Criticisms are being leveled at U.S. crypto exchange Coinbase for allegedly being underprepared and overwhelmed by the pace of its growth, Business Insider reports today, June 22. Business Insider cites documents obtained by Mashable through a five-month Freedom of Information Act (FOIA) process, which comprise 134 pages of complaints filed by Coinbase users with the U.S. Securities and Exchange Commission (SEC) and the California Department of Business Oversight. Recurrent among the complaints are users’ reported difficulties in accessing funds, with Mashable providing evidence of widespread frustration at either being locked out of access, seemingly not r
Bitcoin’s Price Hit Its Lowest Point Since Early February

Bitcoin’s Price Hit Its Lowest Point Since Early February

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin's Price Hit Its Lowest Point Since Early February The price of bitcoin on Friday fell to a level last seen in early February when it registered its lowest price in 2018. Prices went as low as $6,081.09, according to CoinDesk's Bitcoin Price Index (BPI), a significant drop considering the day's opening price of $6,717.20. At press time, bitcoin's price – currently hovering at around $6,226 – is down more than 60 percent from the 2018 high of $19,783 set in January. Other cryptocurrencies are following suit as bitcoin continues to flirt with support levels, as shown in data published by sources like OnChainFX. Litecoin, for example – the world's sixth largest cryptocurrency by market cap – hit its lowest level in 7 months
FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights

FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights

BITCOIN
Please share if you find this article interesting. FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights Major sporting events always attract a massive amount of attention across the world and it is encouraging to see cryptocurrencies being integrated into the many aspects of the event. We’ve seen this happen at the Super Bowl and the Winter Olympics in the past six months, so it’s not surprising that Bitcoin and cryptocurrencies are becoming far easier to use in the many industries involved in these major events — from hospitality to gambling. Football Every four years the global sporting community feasts on a festival of football at the World Cup, as the world’s most popular sport takes centre stage. Football, in its current form, was birthed around 1863 in England
Litecoin Sinks to Lowest Price in 7 Months

Litecoin Sinks to Lowest Price in 7 Months

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Litecoin Sinks to Lowest Price in 7 Months Litecoin's (LTC) price hit a seven-month low on Friday as the cryptocurrency markets turned risk-averse. The world's sixth largest cryptocurrency by market capitalization fell to $84.39 at 14:00 UTC – its lowest level since November 29, according to CoinDesk's Litecoin Price Index – and was last seen at $84.99, down more than 12 percent on the day. Litecoin Price Index At press time, LTC is the third-biggest loser among top 10 cryptocurrencies by market capitalization and is reporting a 13.26 percent week-on-week drop, according to CoinMarketCap. Further, its market capitalization stands at $4.88 billion, the lowest level since December 1. Other major cryptocurrencies are also flashing
US and South Korea to Strengthen Joint Cooperation on Fourth Industrial Revolution

US and South Korea to Strengthen Joint Cooperation on Fourth Industrial Revolution

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Please share if you find this article interesting. US and South Korea to Strengthen Joint Cooperation on Fourth Industrial Revolution The US State Department and South Korea’s Ministry of Science and Technology (MSIT) have resolved to strengthen the two countries’ cooperation in advancing the Fourth Industrial Revolution, at a press conference held in Seoul today, June 22. The so-called Fourth Industrial Revolution has been characterized by the World Economic Forum (WEF) as a series of technological breakthroughs that “will fundamentally alter the way we live, work and relate to one another… [across] the global polity, from the public and private sectors to academia and civil society.” The WEF recognized blockchain’s major role in the Fourth Industrial Revolution as early as 2016