Circle Launches Collections | Three New Additions to the Investment App

Circle launches Collections, a new addition to Circle’s crypto investment app. Circle Launches Collections A few months ago, Circle debuted ‘Buy the Market.’ It was a way for its customers to buy the listed assets it had on its platform in just one tap. Circle’s feature was so successful that over 30 percent of the users were using it after its debut. This morning, the company is building upon its theme and has launched three additional collections: Platforms, Payments, and Privacy. Each of these new collections divides the crypto assets into…

Time Magazine Puts Blockchain Startup in ’50 Genius Companies’ List

Bitland, one of the first startups to use blockchain technology to create a land registry, has been named to Time Magazine’s “50 Most Genius Companies” list. Time asked its global network of correspondents to nominate businesses that are inventing the future, then evaluated candidates on originality, influence, success, and ambition. The companies are listed in alphabetical order. Bitland, under the leadership of Ghana resident Narigamba Mwinsuubo, uses blockchain technology to create immutable public records of land ownership. The International Monetary Fund (IMF) has estimated that 90% of the land in Ghana is…

Seoul Mayor Announces Five-Year Plan for Promoting Blockchain Industry

The mayor of Seoul Park Won-soon has introduced a five-year plan for developing the blockchain industry in the city, Korean news agency Yonhap News reports Thursday, October 4. The project entitled “Blockchain City of Seoul” contains a number of measures for promoting and developing blockchain-related initiatives and education in the city from 2018–2022, Park revealed in a speech in the city Zug, Switzerland on Thursday. By 2022, the city plans to set up a public-private fund of 100 billion won ($88.2 million) in order to invest in blockchain startups in…

Banks are Enthusiastic Towards Crypto, on the Sidelines to Invest

According to Rebecca Harding, a financial journalist and the acclaimed author of “The Weaponization of Trade: the Great Unbalancing of policy and economics,” major financial institutions are waiting to invest in the crypto market. Harding, who operates as the CEO of Coriolis Technologies, a trade technology company that provides services to major banks and corporations in the traditional finance sector, said in an interview with Forbes contributor Billy Bambrough that the vast majority of banks are healthily skeptical and curious about crypto. She explained that banks have started to acknowledge…

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 through Alibaba Group Holding Limited, a holding company located in Grand Cayman, in March. Writing in the filing, the patent authors state that while blockchain technology has many attractive features — openness, unchangeability, and decentralization,…

Fortnite on the Blockchain | MagnaChain Wants to Make this a Reality

According to its website, blockchain creator MagnaChain is “changing the rules of the game.” And with a reported partnering with the popular video game Fortnite, could it be about to change the rules of the biggest game in the world? Could we be playing Fortnite on the blockchain soon? Fortnite on the Blockchain The most important aspect to understand here is that MagnaChain has created a blockchain system specifically for video games. It can do this because the company claims its network is capable of handling up to 100,000 transactions per…

Japan Bank Consortium MoneyTap Launch

Ripple recently announced that The Japan Bank Consortium has officially launched its xCurrent-powered MoneyTap app. So how’s the Japan Bank Consortium MoneyTap launch going so far? The Japan Bank Consortium launched MoneyTap today, a Ripple-powered payments app to offer real time settlement for domestic payments in Japan! https://t.co/nNtkSfq2PN pic.twitter.com/oeg2XBZG66 — Ripple (@Ripple) October 4, 2018 Ripple xCurrent-powered MoneyTap App MoneyTap is a consumer-focused blockchain money transfer app that was built by SBI holdings and Ripple. Thanks to the Japan Bank Consortium MoneyTap launch, the app is now available to residents of…

Venezuela’s Petro White Paper ‘Blatantly’ Copied Dash, Ethereum Developer Says

Venezuelan state-owned cryptocurrency Petro has apparently plagiarized parts of its white paper from the GitHub repository of Dash. Core developer of Ethereum Joey Zhou pointed this out in a tweet posted Tuesday, Oct. 2. Zhou has tweeted that Petro, which has just been officially launched by president Nicolas Maduro, is “a blatant Dash clone.” To illustrate this, he posted a link to the Venezuelan coin’s white paper, which had an exact copy of an image from Dash’s repository on Github. An image from Dash’s repository on Github, added to p.…

Institutions More Bullish on Bitcoin than Retail Investors: Fundstrat

There’s a general perception that retail investors are susceptible to rosy-eyed forecasts about the future of bitcoin, while institutions are more clear-headed about the prospects of this nascent asset class. However, a new survey conducted by Wall Street strategy firm Fundstrat suggests that once institutional investors are interested in bitcoin, they become even more bullish than their retail counterparts. Institutions Believe Bitcoin Price Has Bottomed Fundstrat, the first Wall Street strategy firm to embrace bitcoin, conducted a six-question Twitter poll to gauge the sentiment among retail cryptocurrency investors and then…

BTC/USD Rises but Triangle Trap Remains

Bitcoin on Thursday appreciated more than 2 percent against the US Dollar amidst an overall crypto market recovery. BTC/USD yesterday was hinting a bearish breakdown action while correcting weakly from its previous low. Nevertheless, the upside momentum picked during the end of the yesterday’s US session, which continued to impress in today’s trading hours. BTC/USD surged towards its intraday high near 6645-fiat during the morning Asian session, followed by a minor weak reversal that seems to have found a close already. BTC/USD Technical Analysis Bitcoin continues to trade inside our…