Blockchain To Ensure ‘Ethical Provenance of Gold’, Protect Miners Health

The global luxury jewelry industry and the mining industry are exploring blockchain technology to improve efficiency, tracking of materials, and enhancing transparency. Most importantly, the aim of using blockchain technology includes protecting miners’ health and the environment. NYT: “Blockchain Is a Growing Niche Within the Global Jewelry Industry” The World Gold Council indicates that the extraction of gold by artisanal and small-scale gold mining (ASMG), includes ills ranging from funding and participation of illegal armed groups and the use of mercury in the environment. In this connection, the jewelry and…

Read More

Weiss Ratings Downgrades EOS for Centralization

The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could decide how to sway network resources. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by…

Read More

Bitcoin On-Chain Momentum Is Crossing Bullish: Willy Woo

The past month has been a pretty challenging time for bitcoin HODLers, and cryptocurrency in general. There has been precious little to celebrate, save for the fact that prices could easily have gone lower still. So isn’t it about time we had some positive news? Luckily, who should pop up at just the perfect juncture, but Master of On-Chain Analysis, Willy Woo. And according to him, BTC’s on-chain momentum is crossing bullish. Woo-hoo! Bullish Is Good Woo made the claim in a tweet posted earlier today, along with a chart…

Read More

Ethereum Istanbul Update: Less Than 4 Hours Left, What’s Happening

The long-awaited Ethereum Istanbul hard fork will take place at around 12 AM GMT on December 8. Once again, most ETH nodes are waiting until the last moment to upgrade. Ethereum Nodes Wait to Upgrade Until Last Moment Based on Ethernodes, the percentage of nodes that had not upgraded with the Istanbul version was pegged at 51.2% of the total just hours before the event. The readiness remained low for days, with about 10% of nodes upgrading in the past day. The fork had less than three hours to go…

Read More

Ethereum Client Forgets EIP Inclusion, Asks Users for Another Upgrade

Ethereum client Parity released an urgent announcement, admitting that they forgot to include an EIP in the latest upgrade. Ethereum’s Biggest Client Forgets EIP Inclusion A recent announcement posted by one of Ethereum’s biggest clients, Parity, came as a surprise. The service admitted that it forgot to include an EIP (Ethereum Improvement Proposal) into their recent upgrade. Parity stated that their version V2.5.11-stable serves as an emergency patch that they prepared soon after realizing their mistake. The patch will add a missing component known as eip1344_transition for the main net.…

Read More

While Markets Move Sideways, Crypto Whale Sightings Increase

While cryptocurrency markets have been moving sideways during the last few weeks, digital currency proponents have been observing large bitcoin whale movements. Transactions with tens of thousands of BTC have been noticed on the move from one wallet to another. On Friday, one colossal BTC holder moved over 50,000 BTC ($410 million) and cycled the funds through multiple addresses. Also read: Ross Ulbricht Clemency Petition Gathers 250,000 Signatures Bitcoin Whale Sightings One of cryptocurrency’s favorite topics is the subject of whales and the large digital currency holders who can make…

Read More

SEC Approves Bitcoin Futures Fund

The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures Fund Cleared to Launch The U.S. SEC declared the registration statement filed by Stone Ridge Trust VI for the NYDIG Bitcoin Strategy Fund effective on Monday. The company filed Form N-2 with the SEC on…

Read More

No Investor Misled Over Crypto Mining Boom, Nvidia Claims

Nvidia has urged a US judge to dismiss a case brought by investors who say it misled them over crypto mining revenues. The company claims that the plaintiffs had cherry-picked information and relied on analysts who were clearly speculating on its financials. Lack Of Transparency Over Crypto-Mining Demand The case was initially brought, back in December 2018, following disappointing Q3 results which saw a significant drop in the share price. Investors sued on the basis that they had been misled by the company over cryptocurrency mining demand. Nvidia claims that analysts (including…

Read More

Litecoin May Not Become Silver to Bitcoin’s Gold Afterall

Litecoin (LTC) has a limited potential, and will most probably fail to fulfill its promise of being silver to Bitcoin’s gold. Recent points made by entrepreneur and blogger Sylvain Saurel show that LTC has lost its momentum and is becoming irrelevant. Litecoin Rode on the Back of Bitcoin’s Rally Litecoin caught the price momentum at the right time, and for a long time rode alongside Bitcoin’s fame, commented Saurel. LTC creator Charlie Lee used the primary Bitcoin code with a few tweaks for LTC with a promise of a faster…

Read More

North Korean Crypto Social Media Monitoring on the Rise

Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring.  Yesterday’s report by NK Economy claims that North Korean firm Marine Chain is actively keeping an eye on leading names in the crypto and blockchain space This would not have mattered for most other companies, but for Marine Chain, it has a particular significance. It is no secret that the company is an outright crypto scam. Originally established in Hong Kong back in April 2018, it was specifically mentioned a few…

Read More