The Global Blockchain market is expected to grow at a CAGR of 42.8% (2017-2022), resulting in a global revenue of USD 13.96 billion by 2022. Blockchain technology is being used increasingly in the Banking Financial Services and Insurance (BFSI) segment for financial transactions and cross-border payments. The Blockchain Technology market is further classified into three main types based on its user’s accessibilities Public Blockchain Technology, Private Blockchain Technology and Mixed Blockchain Technology. Public Blockchain technology rules the roost.
Looking out for cryptocurrency jobs? Cryptocurrency and blockchain skills are in huge demand in 2018, in initial coin offerings and established cryptocurrencies — or for blockchain applications in non-crypto enterprises. Just ten years after the advent of Bitcoin, opportunities…
After four years at the helm of Messenger, David Marcus will be leaving the team to lead a small group of Facebook employees to explore what blockchain technologies can do for the social media giant.
In a post on Facebook, Marcus noted that he would be “starting from scratch” in these efforts surrounding blockchain tech. His departure from Messenger comes alongside a major organizational restructuring up top at Facebook that saw the roles shift of many key executives at Facebook.
Marcus is notably on the board of directors at the cryptocurrency exchange Coinbase, so this won’t be his first foray into blockchain. Marcus will be joined by Instagram’s Kevin Weil in this new endeavor, Recode reports.
On May 3, CCN reported that Goldman Sachs is entering the bitcoin market by launching a futures market targeted at investors in the traditional finance sector and stock market. At the time, Goldman Sachs executive Rana Yared stated that despite the personal skepticisms of the bank’s executives, Goldman Sachs decided to operate a bitcoin trading desk to facilitate growing demand from its clients and investors.
On May 8, less than a week after the plans of Goldman Sachs to operate a bitcoin futures market were revealed to the public, NYTimes reported that several emails and documents reviewed by the NYTimes team showed the parent company of NYSE has been developing an online bitcoin trading platform.
“The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin, according to emails and documents viewed by The New York Times and four people briefed on the effort who asked to remain anonymous because the plans were still confidential,” the New York Times reported.
Just want to shine some light on what’s happening with Bytecoin (BCN), as it is one of the more sophisticated pump and dumps.
So let me first briefly tell you what happened. Earlier today BCN was trading at around 72 satoshi on both HitBTC and Poloniex, quickly increasing 30% when the news of the Binance listing came along. It opened on Binance at around 300 satoshi and over the past few hours the price has risen to 2320 satoshi on Binance, whereas the current price on HitBTC and Poloniex is at 190 satoshi. To put this into perspective, the circulating supply of BCN is 183,878,867,869 (taken from CMC), whereas the current price on Binance is 0.22$. This puts BCN on a market cap of 40 billion $; right on the third position, between Ethereum and Ripple.
I’ve been following it closely and found that withdrawals from HitBTC and Poloniex were not working nor was the BCN webwallet. When checking their blockchain explorer we find that no new blocks have been mined for the past 2 hours. The trading on BCN started at 06:02 UTC and since that time only 46 blocks have been mined, containing a total of 997 transactions. The number of transactions that went through seems very small for a coin that just went up over 32x in a few hours.
Following Goldman Sachs’s moves to begin trading Bitcoin, the New York Stock Exchange’s parent company is said to be in talks to open a virtual currency exchange.
Large institutional financial organizations are continuously exploring and embracing blockchain technology.
Details of a patent filing by JPMorgan Chase & Co. was published by the U.S. Patents and Trademark Office on Thursday, which was originally filed by the bank in October of last year and lists how the leading investment bank plans to utilize the distributed-ledger-based system. It plans to use the system to record payments sent from one bank to another using a peer-to-peer network. The filing goes on to explain the abstract as follows:
Analysts were optimistic in regards to the price trend of bitcoin, given that the bitcoin price increased from $6,500 to $9,900 within three weeks, supported by a gradual increase in volume and demand. The consistent recovery of bitcoin allowed the Relative Strength Index (RSI) and Williams’ Percent Range (WPR) to demonstrate a neutral zone, showing neither overbought or oversold conditions.
However, as it did in its previous attempt, the bitcoin price failed to remain above $10,000 mark after briefly testing it on May 5. In other major markets such as Hong Kong and South Korea, the bitcoin price surpassed $10,000 due to their premium rates but in the US, the bitcoin price achieved $9,900 and fell back to $9,600.
At the time of reporting, the bitcoin price remains below $9,600 and it remains unclear whether bitcoin could initiate a new rally to eye an entrance into the $10,000 region. The RSI of bitcoin is currently 59.2, signifying a neutral zone. Both exponential and simple moving averages show a healthy short-term trend for bitcoin, demonstrating a strong buy signal.
After years of conceptualization and development, the first Lightning implementations are now in beta. As a result, more nodes are appearing online every day, a growing number of users are opening channels with one another, and some merchants even started to accept Lightning payments.
But of course, these are still the very early days of theLightning Network. While the main implementations are usable and some wallets and other applications are available, Bitcoin’s overlay payment network is projected to improve over the next few years in areas ranging from network architecture to security and usability, and more.
These are some of the more important Lightning projects currently in development.
Information Minister Joseph Mucheru, the man who the team will report to, says that, among other uses, blockchain could help organise land records stored by the government, which are a constant source of frustration for people who want to buy, sell or verify information about land.
Possessing a title deed in Kenya does not necessarily guarantee ownership because fraudsters in cahoots with land officials have been known to change land records.
In fact, to buttress their land ownership claims beyond having a certificate, many Kenyans paint “This Land Is Not For Sale” on their property to warn off potential land grabbers.