Expert Says EOS isn’t a Blockchain — Just a Distributed Database

Twitter Facebook LinkedIn Blockchain testing and research company Whiteblock Inc. has released a damning verdict on EOS, describing it as a “distributed homogeneous database” masquerading as a blockchain. In a report titled “EOS: An Architectural, Performance and Economic Analysis,” the company dissects several aspects of the EOS protocol and comes to the conclusion that it suffers from a serious security deficiency as well as network performance that is significantly lower than what was claimed. Extraordinary Findings According to the report compiled by Whiteblock’s research team made up of Brent Xu,…

Stablecoin? USD-Backed Crypto Token Tether Falls 5% [Again]

Twitter Facebook LinkedIn Tether, or USDT, is supposed to remain “tethered” to the US Dollar, as its name implies. That’s its whole purpose as a token: it exists on exchanges as a way for traders get their profits to safety, in a sense, so they have some idea of the real fiat value of their portfolio. It was originally created by Brock Pierce, former actor and current crypto entrepreneur, and some other venture capitalists and first launched on major fiat-crypto exchange Bitfinex. At present, it is used on nearly every…

Why Blockchains Struggle to Gain Traction in Enterprises

Paul Brody is EY’s global innovation leader for blockchain. The views expressed are his own. The Y2K program (does anyone remember that?) came about because software developers assumed, in the early days of computing, that newer, better enterprise systems would come along very soon and that their efficient two-digit date systems would be replaced long before the year 2000 came along. There were very few CIOs in those days, and many of them would have carefully explained to those efficient software developers that if something isn’t broken, don’t fix it,…

Bitcoin Price Intraday Analysis: BTC/USD in Breakout Action

Twitter Facebook LinkedIn Bitcoin on Sunday jumped 2.13 percent against the US Dollar as USD-pegged cryptocurrency tether (USDT) resumed its implosion. BTC/USD was in a sideways sentiment for most of the weekend trading session. The bearish trendline has capped the upside bias on multiple occasions. Nevertheless, the pair — from the past 8 hou rs to the time of this writing — has persuaded a successful breakout action, breaking the cap mentioned above and forming new intraday highs towards 6464-fiat. At the same time, CoinMarketCap.com is showing a massive drop…

Rapper T.I., Charlie Shrem Sued Over Alleged Pump-and-Dump, BTC Theft Respectively

  Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Rapper T.I. Sued for $5 Million After Alleged Failure of FLik Token U.S. rapper T.I. is being sued for $5 million by a group of 25 persons who have alleged that the rapper’s promotion of FLiK tokens led to a loss…

IBM Files Patent for Blockchain-Based AR Helper System

Twitter Facebook LinkedIn IBM has filed a patent for a blockchain-based system which will prevent players of augmented reality games entering physical spaces that are undesirable. They cite as examples “high-risk locations, culturally sensitive locations, locations marked by property owners.” Augmented reality is a technology which adds layers to physical reality. An example is Zombie GO, an AR game which places zombie in real life or perhaps the most famous example, Pokemon Go. AR can have other applications than games, however, such as displaying historical views of locations. The aim…

Bitcoin Price Weekly Analysis: BTC/USD Rebound Faces Significant Hurdle

Key Points Bitcoin price recovered recently and tested the $6,375 resistance area against the US Dollar. There is a significant bearish trend line in place with resistance at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must break the $6,365, $6,375 and $6,400 resistance levels to trade higher in the near term. Bitcoin price is still above the $6,250 support against the US Dollar. However, BTC/USD is facing a crucial resistance near the $6,375-6,400 area. Bitcoin Price Analysis This past week, there was…

Ethereum Price Weekly Analysis: ETH/USD Sellers Defend Key Resistance

Key Highlights ETH price recovered a few points, but it faced a strong resistance near $202 against the US Dollar. There is an important bearish trend line in place with resistance at $200 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $200 and $202 resistance levels to move into a positive zone. Ethereum price is facing tough challenges versus the US Dollar and Bitcoin. ETH/USD may perhaps decline once again if it fails to move above $200-202. Ethereum Price Analysis This past week,…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Gains Above $500

Key Points Bitcoin cash price rallied recently and broke the $450 and $460 resistances against the US Dollar. There was a break above a major bearish trend line with resistance at $430 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may correct lower in the short term before buyers push the price above the $500 handle. Bitcoin cash price is back in a positive zone above $460 against the US Dollar. BCH/USD is likely to extend gains above the $500 level in the near…