Bitcoin Cash Price Analysis: BCH/USD Correcting Lower

Bitcoin Cash Price Analysis: BCH/USD Correcting Lower Key Points Bitcoin cash price started a downside correction after trading above the $770 resistance against the US Dollar. There was a break below a short-term declining channel with support at $755 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely…

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Privacy-Centric ‘Bob Wallet’ Adds Bitcoin Cash Support

Privacy-Centric ‘Bob Wallet’ Adds Bitcoin Cash Support Privacy is important in the cryptocurrency ecosystem to a large number of individuals, and people believe private transactions are needed badly these days in a society watched by the ‘deep state.’ Because people find privacy to be extremely important, some developers have designed bitcoin mixers and tumblers that…

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Bank of Korea Says Crypto Investment Poses ‘Insignificant’ Risk to Local Financial Market

Bank of Korea Says Crypto Investment Poses ‘Insignificant’ Risk to Local Financial Market According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1.79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. The BOK’s report considered the $1.79 billion (2 trillion won) figure…

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FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution

FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6. The FedEx Institute of Technology is an organization that serves as a promoter of…

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Ethereum’s Vitalik Buterin Blasts Centralized Crypto Exchanges: ‘I Hope They Burn in Hell’

Ethereum’s Vitalik Buterin Blasts Centralized Crypto Exchanges: ‘I Hope They Burn in Hell’ Co-founder of Ethereum (ETH) Vitalik Buterin criticized centralized exchanges, saying that he hopes they will “burn in hell,” in an interview with a TechCrunch journalist Jon Evans, July 6. Buterin has reiterated his positive stance on decentralization, claiming that by developing “better” decentralized platforms, the…

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Indian Police Seek to Sell Crypto and Bypass RBI Ban

Indian Police Seek to Sell Crypto and Bypass RBI Ban Indian police are reportedly facing a challenge of how to liquidate cryptocurrencies they seized since the country’s central bank, the Reserve Bank of India (RBI), has banned banks from providing services to crypto exchanges. The RBI ban is now in effect and a growing number…

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Facebook Director of Engineering Moves to Same Position at Company’s Blockchain Team

Facebook Director of Engineering Moves to Same Position at Company’s Blockchain Team Evan Cheng, Facebook’s Director of Engineering of three years, has now moved to the same position at the company’s recently established blockchain team, TechCrunch reported Friday, July 6. The software engineer has updated his LinkedIn profile to reflect the newly acquired position, and the change has also been confirmed to TechCrunch…

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Cloud Provider Xunlei Launches Blockchain File System

Cloud Provider Xunlei Launches Blockchain File System Chinese technology company Xunlei Limited, known to some as the BitTorrent of China, announced Friday that it has launched a new distributed file system aimed at supporting blockchain platforms. The ThunderChain File System (TCFS), as well as three ThunderChain Request for Comments (TRC) standards, will help support blockchain…

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Winklevoss’ Gemini Exchange Recruits NYSE Chief Information Officer

Winklevoss’ Gemini Exchange Recruits NYSE Chief Information Officer Cryptocurrency exchange Gemini Trust Company, LLC (Gemini) has announced that former Chief Information Officer of the New York Stock Exchange (NYSE) Robert Cornish has joined the company, according to a press release publishedJuly 6. Cornish will join Gemini, which was founded by the Winklevoss brothers, as its first-ever Chief…

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