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Technology enthusiast, Content creator, Cryptocurrency investor, Fashion lover

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Fidelity And Nasdaq Lead $27.5 Million Series B Funding For ErisX

On Tuesday, December 4th, Reuters reported that crypto exchange ErisX closed its Series B funding round raising $27.5 million USD. The latest funding round saw participation from giants like Nasdaq Ventures and Fidelity Investments.

The newly launched crypto trading platform, ErisX, will support Bitcoin (BTC), Ethereum (ETH), and also Litecoin (LTC). In addition to providing trading for these cryptocurrencies on spot contracts, it will also list the crypto futures contracts starting next year. However, the ErisX’s management team says that it will proceed ahead with the plans subjected to regulatory approval.

Developing Better Infrastructure and Services

Nasdaq representatives have confirmed that the exchange operator did participate in the latest funding round. However, they didn’t disclose the amount they have provided.

Read More@ Cryptocurrency Market News.

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Blockchain Platform “Waves” Brings Interesting Updates To Its Mobile Wallet

Blockchain platform, Waves, is popular for offering real-world solutions for exchanging and trading crypto tokens. Moreover, it also has its own decentralized exchange (DEX) for secure trading of digital assets.

On Monday, December 3rd, Waves announced the latest update to its mobile app with interesting new features and seamless functionality.

The newly updated mobile app has brought some unique features onboard including Waves DEX, crypto wallet, and fiat gateway. This is a one-of-a-kind application offering such unique features.

Furthermore, a major advantage is that the Waves mobile app provides completely encrypted traffic. Hence it very well addresses the security and privacy concerns of its users.

Moreover, users can store their private keys on their smartphone with complete encryption protection. This ensures that the keys don’t have any web exposure, keeping it safe and protected.

Stay Updated With the Latest Blockchain News

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GM Wants Blockchain Patent For Data Management Of Autonomous Vehicles

General Motors (GM), the American car manufacturer has filed for a blockchain patent for the data management of autonomous vehicles. The U.S. Patents and Trademark Office (USPTO) published that application last week on November 29th.

Betting Big on the Blockchain Technology

The patent application notes that GM hops on the blockchain technology for “robust” and “secure” data distribution. Moreover, it talks about the seamless exchange of data between several automated vehicles and other entities like regional authorities, public facilities, and municipalities.

However, autonomous vehicles require “high degrees of integrity” for “temporal event data”. Thus the application stresses the blockchain technology is “desirable” for non-autonomous and semi-autonomous vehicles.

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Two Big NFL Stars Join the Crypto-Powered FCFL Football League

Popular NFL players, Richard Sherman and Marshawn Lynch, recently joined the crypto-powered football league, Fan-Controlled Football League (FCFL). Moreover, the two NFL stars will serve as fan-captains of their respective teams during the June 2019 inaugural FCFL season.  

Back in 2013, Lynch and Sherman won the Superbowl together playing as teammates on the Seattle Seahawks. Currently, Sherman is a defensive back for the San Francisco 49ers while Lynch is a running back for the Oakland Raiders. Continue reading this & more latest cryptocurrency news at Crypto Block Wire.

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Intel Bags Patent For Energy-Efficient Bitcoin Mining

Bitcoin mining remains as the most critical topics currently, especially during the ongoing massive correction. With the huge price drop of Bitcoin, the profitability of its miners has taken a huge blow. Moreover, several Bitcoin mining firms announced closing their operations after November’s BTC price crash below $4,000 USD.

Bringing some relief to the miners’ worries, American tech giant, Intel, recently won the patent “for energy-efficient high-performance Bitcoin mining.”  Filed with the USPTO on Thursday, Nov. 29th, the patent specifically mentions the SHA-256 algorithm used by the world’s largest digital currency.

Energy Optimization By Hardwiring Transaction-Specific Data

At present, Bitcoin miners receive the rewards for verifying transactions and adding blocks to the Bitcoin network. However, with each mined block, Bitcoin’s Proof-of-Work (PoW) consensus algorithm increases the computational complexity.

Stay Updated Yourself With the Bitcoin Mining News

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From Currency To Food, Blockchain Can Transform The World

The Blockchain was first conceptualized to provide support for cryptocurrencies and aid in their transactions. Ever since technology has been harnessed in different fields and shown great results.

Recently, a Blockchain startup, IDA mentioned that tokenization of assets can actually help harness the power of the Blockchain to a maximum. In fact, IDA suggested, that creating a platform would also help businesses and individuals to achieve that goal.

This platform of IDA helps to link the physical and the digital economies, which has been a challenge. According to the startup, the digitization of assets can strengthen the rights of ownership. This will allow everyone to track resources, and create a tamper-proof record of transactions, in addition to preventing waste.

The ecosystem also includes other modern technologies like artificial intelligence and Internet of Things, which will help in advancing the new system.

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Nine of the Top Cryptocurrency Predictions for 2019

As 2018 winds down, the year has been a mixture of sadness and pleasure. Let’s face it, cryptocurrency exchanges and other crypto firms have had an amazing outing this year, raking in millions of dollars despite a market bear. Therefore, in keeping with the tradition of the industry, many cryptocurrency experts are making their predictions of 2019.

So, in this article, we will look at 9 predictions that industry leaders have made.

1. Michael Novogratz

One of the predictions on our list is by Michael Novogratz, the CEO of investment firm Galaxy Digital. Well, Novogratz predicted that Bitcoin will finish 2018 between $8,800 USD and $9,000 USD. Additionally, looking at what will happen in 2019, he said that the cryptocurrency will hit $10,000 USD by end of Q1 2019. In fact, he told Financial Times that Bitcoin’s return to $20,000 USD is still feasible.

Read More@ Top Cryptocurrency Predictions

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Uganda is Set to Pass a Bill on Cryptocurrency Regulation

Uganda has become the latest home to cryptocurrency crimes of enormous proportions. Indeed, the Sub-Saharan African country now feels the impact of something that never mattered before now. Before now, crypto-related exit-scams were U.S., European and Asian challenges, but not anymore.

According to local media reports, Bitcoin (BTC) is extremely popular in the country. As a result, many con artists are cashing in and defrauding unsuspecting investors of their hard-earned money. However, the local authorities are no longer taking any chances. True, allowing such crimes to snowball will amount to throwing caution to the wind. But then, reaching a solution, whenever governments face such challenges, they always have two options: ban or regulate. Well, Uganda is taking the path of regulation.

Regulating the cryptocurrency industry in Uganda

The government of Uganda announced that it has set the cryptocurrency regulation bill in motion. Media reports say that these regulations will target investment schemes and Bitcoin-related startups. Addressing the parliament, State Minister for Finance (Planning), David Bahati, provided more insight into the move.

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Nigeria’s Presidential Candidate May Push For Positive Crypto-Regulations

Nigeria will go to the election polls in early February 2019, and one of the top campaign issues is cryptocurrency regulation. According to the Daily Post, Atiku Abubakar will create a “comprehensive blockchain and digital currency policy” once elected. Abubakar is a presidential candidate with the Peoples Democratic Party (PDP), an opposition political party.

In particular, Abubakar and his party have in place a policy that aims to revitalize the economy of Nigeria, dubbed “Get Nigeria Working Again.”

Stimulating Nigeria’s Growth

In an analysis of the policy document by the Daily Post, the policy lays out steps for a cryptocurrency venture. Particularly, the policy aims to speed up the economy in the positive territory by taking advantage of the emerging blockchain technology.

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Guide: How to Create an Ethereum Wallet

Due to the vast and diverse decentralized applications, more and more individuals are using and investing in Ethereum. The ETH addresses are growing at a rapid rate. The Ethereum market cap has risen to a value of $12,086,020,888 USD, according to the latest estimates from CoinMarketCap. With the growing adoption of Ethereum, the use of Ethereum wallets has also seen a rise.

However, the details regarding the use of these wallets are still sketchy for many, leading to confusion regarding its use. Therefore, below is a step-by-step guide explaining the creation of the Ethereum wallet. Reading this, users can easily start developing their own wallets and transact in ETH.

The need of an Ethereum Wallet

Ethereum blockchain is used, for generating funds using an ICO. And for every ICO using the Ethereum blockchain, it is mandatory to use the ETH and Ethereum wallet. However, not every digital wallet can support the Ethereum based ICO token. For instance, for a user participating in the Fast Invest ICO, it’s important to set up an ERC 20 compatible Ethereum wallet. In such a wallet, only the user retains the private keys.

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Top Cryptocurrency Gainers — November 24, 2018

One of the top performing cryptocurrencies of the day is Iconomi. Iconomi (ICN) is currently up 288.34% compared to USD over the last 24 hours, ending at 07:00 AM Eastern Standard Time on November 24, 2018. ICN has a current market cap of $84,889,065. Iconomi traded with a volume of$5,663. One Iconomi token can be bought for $0.858069 or 0.000198895 BTC. The amount of Iconomi in circulation is 98,930,340 ICN.

Read More About it at - Cryptocurrency Gainers News

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Top Running Cryptocurrencies November 25th, 2017 – Dai (DAI)

The top-performing cryptocurrency of the day is Dai (DAI). It traded up 2.08% against the US dollar during the twenty-four hour period ending at 06:00 AM Eastern Standard Time on November 25, 2018. Its market cap is $60,305,492. It traded $13,124,086 worth of on exchanges in the past 24 hour period. Also, one Dai token is about $1.02 or 0.000278014 BTC on major cryptocurrency exchanges. The amount of it in circulation is 59,038,398 DAI.

Read More About it at - Latest Cryptocurrency News

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Siemens To Harness Blockchain For Energy Supply

Siemens wants to change the way we use electricity. Particularly, the company is leveraging blockchain in the energy sector to promote efficiency and reliability. However, the corporation is limiting its blockchain foray to two of its divisions.

To stay ahead of the curve, Siemens is looking for new ways to store energy and develop more efficiency in the power grid. The company is pursuing the blockchain experiment through Energy Management and Power Generation Services. These are the two energy-focused divisions of Siemens.

Siemens Joins Energy Web Foundation

Particularly, the Siemens divisions are joining the Energy Web Foundation (EWF) which is basically a blockchain-driven energy platform. The foundation is non-profit with a mission to accelerate the commercial utilization of blockchain in the energy sector.

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Top Cryptocurrency Gainers — November 21, 2018

One of the top performing cryptocurrencies of the day is Ark. Ark (ARK) is currently up 33.43% compared to USD over the last 24 hours, ending at 07:00 AM Eastern Standard Time on November 21, 2018. ARK has a current market cap of $50,000,683. Ark traded with a volume of$2,541,927. One Ark token can be bought for $0.469416 or 0.000102802 BTC. The amount of Ark in circulation is 106,516,716 ARK.

Read More About it at - Cryptocurrency News

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Quantum Attacks Could Endanger Blockchains

Blockchain, often touted as the next generation revolutionary technology can face the risk of quantum attacks, says a group of quantum computing scientists. In a newly published research, the scientists argue that this rapidly advancing technology poses a significant vulnerability for blockchain.

Quantum Computing Can Break the Blockchain Code

Blockchain technology is revolutionary as it touches several business verticals and industries across the globe. Moreover, in addition to the financial sector, blockchain has useful applications across healthcare, logistics, gaming, and other sectors yet to exploit it.

Blockchain’s decentralized behavior is the major USP (unique selling proposition) of the technology. Meaning, the blockchain digital ledger is highly secure as it doesn’t have a central point of failure. Unfortunately, the research purports that quantum computers can soon turn powerful enough to break the blockchain code.

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