BLOCKCHAIN

General Motors Files Patent for a Blockchain-Based Navigation Map

[ad_1] Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles.According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020, existing maps are “difficult to keep dynamic without incurring large costs.”One potential reason for this
Business

Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC

[ad_1] The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue.The Crypto Rating Council, or CRC, is a group of major United States’ crypto firms that advocates and promotes regulatory clarity in crypto. Recently, the CRC evaluated a number of new cryptocurrencies to determine whether
Business

Is China Losing Its BTC Mining Monopoly?

[ad_1] This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12.Cryptocurrency market performance. Source: Coin360The drop had several consequences on the Bitcoin network. Having reached the $3,800 price range, the accentuated drop
Business

BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

[ad_1] Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this number could grow even larger. Unsurprisingly, the trillion-dollar banking industry has already expressed interest in digital identity solutions. For example, Everest,
Business

Binance Shelters Against Job Losses During Global Pandemic

[ad_1] While global unemployment continues hitting new highs amid the coronavirus pandemic, the cryptocurrency industry is stepping in to shelter job losses, with some of the biggest companies in the space announcing their intention to hire new employees.Binance, the world’s largest cryptocurrency exchange, has just announced that it is seeking to hire more than 100 new employees, despite the ongoing economic downturn.In an April 3 tweet, Binance invited people around
Business

2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

[ad_1] The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term.Dan Niles, the founding partner of Alpha One Capital Partners, said in a note to clients that the dire
Business

Exchange CEO Forecasts Crypto Market Uptick in Coming Weeks

[ad_1] As the world sits in flux between coronavirus and financial market concerns, AAX crypto exchange CEO, Thor Chan, thinks cryptocurrencies will ultimately make out ok.“During a period of intense panic, many investors fled the markets in search of cash, or to defend their positions elsewhere,” Chan told The Merkle in a March 30 interview, referencing recent plunging crypto and mainstream markets. “Cryptocurrency markets suffered together with all other markets,”
EXCHANGES

Bitcoin.com Fires 50% of Staff Ahead of BCH Halving

[ad_1] It’s tough times ahead for BCH as Bitcoin.com prepares to work on a skeleton team. Just five days before the halving, the platform has allegedly fired half of its staff. Bitcoin.com Lays Off 50% of Workforce There’s been a ton of speculation leading up to the Bitcoin Halving over what will happen if the price doesn’t recover. In fact, after the savage sell-off last month that hammered all markets,
EXCHANGES

Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis

[ad_1] Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets in order to save their economies. Data shows that the U.S. owns the biggest stockpile of gold reserves and the Federal Reserve
Business

Malaysian Securities Regulator Approves Crypto Trading Platform

[ad_1] Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog.With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings.Malaysian laws require that local cryptocurrency exchanges register with the