Saturday, November 28Your Daily Bitcoin & Altcoin News Portal
Shipping Giant UPS Joins Blockchain in Trucking Alliance

Shipping Giant UPS Joins Blockchain in Trucking Alliance

BITCOIN
Please share if you find this article interesting. Shipping Giant UPS Joins Blockchain in Trucking Alliance Global shipping major UPS was accepted as member of the Blockchain in Trucking Alliance (BiTA) as of early November 2017. BiTA is a Blockchain consortium that is mainly focused on the trucking and shipping industry. In its announcement, the consortium claimed that UPS will assist in the development of standards around the use of Blockchain in systems used to track or monitor packages, facilitate payments between shipping parties and other industry applications. According to UPS director of enterprise architecture and innovation, Linda Weakland, there are several possible applications of Blockchain that the company plans to explore when it joined the consortium like improvin...
Crypto Trading Platform Starts Accepting CNY – New Era for Bitcoin in China?

Crypto Trading Platform Starts Accepting CNY – New Era for Bitcoin in China?

BITCOIN
Please share if you find this article interesting. Crypto Trading Platform Starts Accepting CNY - New Era for Bitcoin in China? Two months ago, when Chinese regulator issued the “Seven Regulatory Bodies” Announcement and shut down the Bitcoin trading, the whole world thought that China Bitcoin gates were closing. Though optimists were claiming that Chinese government might free Bitcoin trading under certain circumstances in the future, nobody anticipated that the day is coming this soon. CNY trading market is back On Nov. 1, ZB.com, a new cryptocurrency trading platform, began to serve sellers and buyers all over the world, including those in mainland China. ZB.com has become a major trading platform which provides trades of BTC, LTC, ETH, ETC and another major type of cryptocurr
Blockchain Technology to Transform Tourism Industry, Says Russian Tourism Official

Blockchain Technology to Transform Tourism Industry, Says Russian Tourism Official

BITCOIN
Please share if you find this article interesting. Blockchain Technology to Transform Tourism Industry, Says Russian Tourism Official Russia’s Federal Agency for Tourism head, Oleg Safonov, has claimed that Blockchain technology has the capability to transform the country’s tourism industry. He further stated that the sector is on the verge of transformation from new emerging technologies like Blockchain. In his speech at the Kazan Tourism Forum 2017 in early November, Safonov said that Blockchain can be utilized to improve the quality of services provided to tourists. He claimed that by using the emerging technologies, tourists will be able to transact directly with service providers and will eliminate the need for third parties or intermediaries. "We are absolutely convinced i
‘Accidentally Killed It’: Parity Grapples With $280 Mln Locked ETH

‘Accidentally Killed It’: Parity Grapples With $280 Mln Locked ETH

BITCOIN
Please share if you find this article interesting. ‘Accidentally Killed It’: Parity Grapples With $280 Mln Locked ETH A user of Ethereum’s Parity wallet “accidentally” quarantined funds worth $280 mln, revealing further vulnerabilities in the platform. Parity, which has suffered teething problems since its launch by former Ethereum co-founder Gavin Wood, is still trying to regain access to the “frozen” ETH. “... A user suicided the library-turned-into-wallet, wiping out the library code which in turn rendered all multi-sig contracts unusable since their logic (any state-modifying function) was inside the library,” a security alert from Parity read Tuesday. In short, the codebase for accessing Parity multi-sig wallets is currently deleted, rendering funds out of reach. As the user
SegWit2x Hard Fork Could Have Devastating Consequences for Bitcoin

SegWit2x Hard Fork Could Have Devastating Consequences for Bitcoin

BITCOIN
Please share if you find this article interesting. SegWit2x Hard Fork Could Have Devastating Consequences for Bitcoin This is an opinion piece, and the views of this author do not necessarily represent the views of Cointelegraph. The upcoming SegWit2x fork could generate a black swan event for Bitcoin; that is to say, there is a small chance that the fork could have enormous repercussions. The idea of a “black swan event” was coined by author Nassim Nicholas Taleb to explain: “The disproportionate role of high-profile, hard-to-predict and rare events that are beyond the realm of normal expectations.” SegWit2x could be just such an event, particularly because the market seems so complacent right now. Despite soon facing an incredibly contentious hard fork with possibly terrific
Australia and China Sign Agreement for Financial Technology Cooperation

Australia and China Sign Agreement for Financial Technology Cooperation

BITCOIN
Please share if you find this article interesting. Australia and China Sign Agreement for Financial Technology Cooperation The China Securities Regulatory Commission (CSRC) and the Australian Securities and Investment Commission (ASIC) have signed a Financial Technology (fintech) cooperation agreement to advance innovation with each countries’ markets. Under the deal, the two regulators will share and utilize information on emerging market trends and developments to promote fintech innovations. According to CSRC chairperson Shiyu Liu, the various developments in the fintech sector have offered several opportunities for the introduction of new financial services and fulfill the needs of investors. “In the past few years, the rapid development of fintech has created ample opportun
SegWit2x Survey: 84% Say Core Chain Will Dominate After Hard Fork

SegWit2x Survey: 84% Say Core Chain Will Dominate After Hard Fork

BITCOIN
Please share if you find this article interesting. SegWit2x Survey: 84% Say Core Chain Will Dominate After Hard Fork The results of Yours founder Ryan X. Charles’ SegWit2x survey points to the overwhelming support of Bitcoin Core’s chain. Over 4,000 people took part in the survey on Twitter, which quizzed them on which chain would be considered ‘Bitcoin’ after this month’s hard fork. A total of 84 percent concluded the original chain would maintain its role as the ‘real’ Bitcoin. Which hard fork of bitcoin will be called "bitcoin" in December? — Ryan X. Charles (@ryanxcharles) November 6, 2017 While it is difficult to measure the authenticity of such survey results, respondents appear to echo increasing hostility towards SegWit2x, which is drawing in practically every business a
Bitspark Receives Investment From Fortune 500 Company

Bitspark Receives Investment From Fortune 500 Company

BITCOIN
Please share if you find this article interesting. Bitspark Receives Investment From Fortune 500 Company Finance Hong Kong-based remittance platform Bitspark has announced that it has received investment as part of a partnership with Reinsurance Group of America, Inc (RGAx). RGAx is one of the world’s largest life reinsurance companies, and is on the Fortune 500 list. The two companies will work to provide insurance services underserved markets. Also Read: Remittance Startup Bitspark Drops Bitcoin Over Network Fees Reinsurance Group of America Has Provided Investment to Bitspark as Part of a Partnership Between the Companies. It has been revealed that RGAx has provided investment to Bitspark as part of a partnership between the two companies. The specific terms of the agreem
Industry CEO Believes Bitcoin’s Anonymity Dooms It, Predicts Governments Will Ban

Industry CEO Believes Bitcoin’s Anonymity Dooms It, Predicts Governments Will Ban

BITCOIN
Please share if you find this article interesting. Industry CEO Believes Bitcoin’s Anonymity Dooms It, Predicts Governments Will Ban In its short lifespan of 10 years, Bitcoin has seen many obituaries. The latest one is by SocGen CEO, Frederic Oudea, who feels that Bitcoin has no future because of its anonymity. Governments will clamp down Fredric Oudea believes that the future of Bitcoin and other virtual currencies is dim, primarily because he expects governments and regulators to clamp down on them. The reason he gives  is the anonymity involved in these transactions, which might facilitate illegal activities ranging from money laundering to terrorist financing. Speaking to CNBC at the Web Summit conference in Portugal, Fredric Oudea said: The benefit so far is it provides an
Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans – Bitcoin News

Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans – Bitcoin News

BITCOIN
Please share if you find this article interesting. Two Popular Hardware Wallet Firms Reveal Segwit2x Fork Plans - Bitcoin News News This week two well-known bitcoin hardware wallet manufacturers, Satoshi Labs (Trezor) and Ledger Wallet, revealed their contingency plans for the pending Segwit2x fork that may take place in nine days. Both companies explain they will support both chains and tethered tokens if there is a split and provide a tool for the splitting process. Also read: CEX.io and Unocoin Announce Fork Arrangements Satoshi Labs Trezor Models Will Support Both Chains The hard fork announcements keep piling up as block 494784 approaches with many cryptocurrency based businesses revealing their plans. On November 6 the two hardware wallet companies Satoshi Labs and Led