Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft

The Bank of America (BoA) has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon, CNBC reports Oct. 2. While BoA’s analysts refrained from putting “a time stamp” on the industry becoming a major, multi-billion dollar addressable market, they reportedly based their estimates on a ballpark figure that two percent of corporate servers would be used to run blockchain at a cost of $5,500 annually. BoA research analyst Kash Rangan told CNBC that the technology is well-suited…

xRapid Commerical Production | All Systems Go with RippleNet

In 2018, RippleNet has expanded its reach to over 40 countries, on six different continents. In addition to its expansion, Ripple announced that this year it has signed an average of two production customers per week, and xRapid commercial production is now underway. Big things are stirring over at Ripple. xRapid Commercial Production xRapid is going into commercial production. @mercury_fx_ltd, @Cuallix and Catalyst Corporate Federal Credit Union will be the first to make on-demand cross-border payments on RippleNet using #XRP. https://t.co/dQ02J4vdBl — Ripple (@Ripple) October 1, 2018 Ripple recently revamped its…

NEM Gains 13% in 24-Hours

The cryptocurrency market is moving very slowly today. Some of the top coins are in the red: Bitcoin at -0.20% and Ethereum at -0.36%. Small losses, but pretty appropriate for a day when the market is dragging its heels. However, there are very notable NEM gains happening right now. NEM (XEM) is, without a doubt, today’s biggest winner, having grown 13% in the last 24-hour period. So, what has NEM trading in the green, especially when every other coin is pretty much asleep!? Let’s find out! NEM Gains NEM (XEM) is…

Venezuela’s Controversial Petro Sale Starting November, Maduro Claims

Venezuelan president Nicolas Maduro has appeared on national television to announce the official launch of the national cryptocurrency Petro, according to a brief summary of his speech posted on Venezuela’s government website Monday, October 1. Maduro stated that the official website for the Petro has already been launched, and the official Petro wallet is also available in Google Play. However, the public sale will only start November 5. Maduro also stressed that Petro will be available on six major crypto exchanges starting Monday, October 1. The Venezuelan president did not…

Ripple Swell Conference | Day One Ends with a Bang

Ripple’s annual Swell conference concluded its first day yesterday. This year, the company is hosting the event in San Francisco, California. Last year, the Ripple Swell Conference was held in Toronto, Ontario, and was three days in total. This year, Ripple packed the conference into two days and kicked it off with an on-stage Q&A with former US President Bill Clinton. Ripple Swell Conference Day One Here’s your behind the scenes look inside #SwellbyRipple. For all the latest updates during the event: https://t.co/ayefHcxAxH pic.twitter.com/b1cEiEu3dd — Ripple (@Ripple) October 1, 2018 Brad…

Coinbase Adds Charles Schwab Advisor to Board of Directors

Coinbase’s leadership expansion continued Tuesday as it added Charles Schwab advisor Chris Dodds to its board of directors and tapped former Instinet CEO Jonathan Kellner to be its new managing director of the Institutional Coverage Group. In one blog post, Coinbase CEO Brian Armstrong introduced Dodds, who sits on the board of directors at Charles Schwab, one of the largest brokerage firms and banks in the U.S. Dodds is also a senior equity advisor for the firm, and has spent more than three decades in the financial industry to date.…

South Korea’s Policy Chief Calls for Legalization of ICOs

The chairman of Korea’s National Policy Committee has called for the legalization of initial coin offerings (ICOs), provided that a regulatory framework is put in place. According to a report from CoinDesk Korea on Tuesday, Min Byung-Doo, who is a member of the country’s governing Democratic party, said that, with token sales becoming a global trend, “I do not want the ICO door closed completely … The state should not ignore [the issue].” The policy chief spoke earlier Tuesday during 8th plenary session of the National Assembly, at which lawmakers posed…

Blockchain Has ‘Staggering’ Potential, Pres. Bill Clinton Tells Ripple Conf.

Ten years ago this month, pseudonymous developer Satoshi Nakamoto published the whitepaper for a new piece of technology that sought to upend the global financial system: “Bitcoin: A Peer-to-Peer Electronic Cash System.” There’s perhaps no clearer sign of the degree to which the Nakamoto revolution has begun to take hold than that yesterday, on Oct. 1, a former U.S. president appeared at a cryptocurrency industry conference sponsored by the largest holder of — not bitcoin — but a cryptoasset just one-fifth its size, to casually discuss the promise and perils…

Google’s Ban of Obfuscated Code From Web Store Extensions Likely to Affect Cryptojackers

Google’s new restrictions on Chrome Web Store extensions introduced Monday, October 1, are likely to affect cryptojackers. In a blog post, Google confirmed that as of now, Chrome extensions submitted to the Web Store would not be allowed if they contained “obfuscated” code. Aside from the security implications, obfuscated code, which the post describes as “mainly used to conceal code functionality,” “adds a great deal of complexity” to the process of reviewing extensions for approval. Cryptojackers rely on the clandestine insertion of malicious malware into scripts, allowing them to mine…

VC Investment in Blockchain Startups Is Up 280% So Far This Year

As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $3.9 billion through VC investments in the first three quarters of the year – that up 280 percent when compared to the whole of 2017, it says. Based on data from Pitchbook, the report indicates that number of deals also nearly doubled this year. VC investment in blockchain/crypto (Source:…