BLOCKCHAIN

Samsung IT Subsidiary Releases New Version of Enterprise Blockchain Platform

[ad_1] Samsung SDS, the IT subsidiary of international technology giant Samsung Group, has released a new version of its enterprise blockchain platform dubbed Nexledger Universal, according to a press release on April 24.Nexledger Universal offers an application programing interface that can be applied to different blockchains like Ethereum, Hyperledger Fabric and the firm’s own Nexledger Consensus Algorithm.According to the press release, users can then develop applications for authentication, payment settlement,
Business

India Considers Complete Ban on Digital Currencies

[ad_1] A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25.An official familiar with the matter reportedly told the Economic Times that the government has begun inter-ministerial consultations on the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019" draft bill.A committee consisting of the Department of Economic Affairs (DEA),
ALTCOIN

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

[ad_1] The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25.Attorney General Letitia James revealed that her office obtained a court filing alleging that iFinex Inc. — the operator of Bitfinex — Tether Limited, and their associated entities were in violation of New
EXCHANGES

Survey Shows Europeans Think Crypto Will Last a Decade, but Are Less Confident in BTC

[ad_1] According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around. Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs 63% of 10,000 Polled Europeans Believe Cryptocurrencies Will
BLOCKCHAIN

Chinese Internet Court Employs AI and Blockchain to Render Judgement

[ad_1] In China, blockchain technology is increasingly employed to settle court cases, local news outlet Global Times reported on April 25.Speaking at the 2019 Forum on China Intellectual Property Protection, Zhang Wen, president of the Beijing Internet Court — which was established in September 2018, and has since processed 14,904 cases — reportedly said that the court employs technologies such as artificial intelligence (AI) and blockchain to render judgement.Zhang reportedly
EXCHANGES

Tether Supply Hits Record High – Here’s What Bitcoin Did Last Time This Happened

[ad_1] Bitcoin price has room for immediate 12 percent growth, according to the latest figures showing current availability of major stablecoin Tether (USDT). USDT Printing Peaks Bitcoin price after correcting from its 2019 high of $5620 earlier this week, currently trades just under $5500. At the same time, USDT production stepped up in April to almost reach its highest-ever level of $2.83 billion April 25. As Bitcoin entrepreneur Alistair Milne
Business

Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

[ad_1] Malta's financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams, news outlet Times of Malta reported on April 25.The Malta Financial Services Authority’s (MFSA) new guidance note intends to warn the public about cryptocurrency investments and related risks, and educate people on how to identify and avoid scams and fraudulent schemes.The guidance reportedly outlines the most common types
Business

Bitcoin Breaks Back Above $5,500, Cryptos Recover From Major Sell-Off

[ad_1] Thursday, April 25 — crypto markets have mostly recovered after yesterday’s significant sell-off, with Bitcoin (BTC) breaking back above the $5,500 support.All but four coins among the top 20 cryptos by market cap are in green at press time. NEO is seeing the biggest increase of almost 7%, while bitcoin SV (BSV) and tezos (XTZ) tumbled 1% and 2.25%, respectively.Market visualization from Coin360Bitcoin is steadily growing on the day
EXCHANGES

Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

[ad_1] Summary: After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support. The market structure remains bullish as we establish higher highs and higher lows. The next
EXCHANGES

Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger

[ad_1] Telecom giant Samsung has invested 2.6 million euros ($2.9 million) into crypto wallet manufacturer Ledger, the French financial publication Capital reports. The investment gives the France-based startup a nearly $290 million valuation, per the report. The news came shortly after CoinDesk Korea reported that Samsung is developing a blockchain platform and native digital asset of its own. The project, which is being conducted by the South Korean tech giant’s