Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was a transfer of just … Continued The post Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7 appeared first on CCN

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Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s The post Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’ appeared first on CCN

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NEO Founder: Blockchains are Over-Regulated

Da Hongfei, the founder of Antshares (presently and best known as NEO), believes that blockchains and cryptocurrencies are over-regulated in the extreme. In fact, he was recently quoted in a discussion with 8BTC as saying: In essence, blockchain can barely survive within the existing financial regulation system. A licensed institute may find it unnecessary to The post NEO Founder: Blockchains are Over-Regulated appeared first on CCN

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Crypto Startup Ledger Expands to Asia Pacific in Hong Kong

Paris-based crypto security giant Ledger, has announced its expansion into Asia with the establishment of a Hong Kong office and the appointment of Benjamin Soong as Head of Asia Pacific (APAC). The launch into the new terrain will see Soong overseeing the entire Ledger’s APAC operations as the company extends into fulfilling the growing demand The post Crypto Startup Ledger Expands to Asia Pacific in Hong Kong appeared first on CCN

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Blockchain Industry on Track for Nearly 150 Mergers & Acquisitions in 2018

The prolonged cryptocurrency bear market has seen a substantial number of organisations finding new opportunities for growth via consolidations and acquisitions. According to a CNBC report, investors are seeking more and more deals within the blockchain space, even in the face of declining or stagnant crypto prices. Despite market volatility and a peak-to-trough bitcoin price decline of The post Blockchain Industry on Track for Nearly 150 Mergers & Acquisitions in 2018 appeared first on CCN

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Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz

One of the top markets regulators in the United States said yesterday that he believes smart contract developers should in some instances be held liable when their blockchain applications are used in conjunction with illegal activities. Brian Quintenz, a commissioner at the Commodity Futures Trading Commission (CFTC), made this statement on Monday at the GITEX The post Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz appeared first on CCN

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BlackBerry to Launch Blockchain for Medical Data Sharing

BlackBerry Limited has now come up with a blockchain solution for secure data sharing among healthcare providers in order to improve patient outcomes. The company is using its network operation center (NOC) to power a blockchain digital ledger that aims to create a secure global system for storing and sharing patient medical data, a release The post BlackBerry to Launch Blockchain for Medical Data Sharing appeared first on CCN

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Alibaba Seeks Patent for Blockchain that Allows ‘Administrator Intervention’

Chinese e-commerce giant Alibaba has applied to patent a blockchain system that allows a third-party administrator to execute “special transactions” such as halting a smart contract or freezing an account linked to illegal activity. According to documents made public on Thursday by the U.S. Patent & Trademark Office (USPTO), the Hangzhou-based firm submitted the application The post Alibaba Seeks Patent for Blockchain that Allows ‘Administrator Intervention’ appeared first on CCN

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