Day: August 17, 2018

Capital One Wants to Authenticate Users on a Blockchain

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Blockchain adoption continues to rise in the banking sector, with the news that Capital One has applied for a patent to potentially develop a blockchain system that authenticates new users in a secure manner. Capital One is a bank holding company specializing in credit cards and bank loans, making security a primary concern. According to documents published this week, the company has applied for a patent entitled “Blockchain Systems and Methods for User Authentication.” The patent was filed in Virginia, USA, with Johnathan Weimer and Ryan Fox listed as the…

IBM Applies for Blockchain Patent to Ensure Transaction Compliance via Nodes Data

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Tech giant IBM has applied for a blockchain patent for the development of transaction data identifiers based on nodes, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) Aug. 16. The system described in the patent, entitled “Node Characterization in Blockchain,” intends to introduce a method of data extraction from nodes on a blockchain network in order to identify different types of transactions. Specifically, any operation on blockchain may possess a node or a number of nodes that can carry useful information about the character…

SIX Group Executive Questions Launch of Crypto Trading, Expresses ICO Optimism Instead

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Thomas Zeeb, CEO of securities services at Switzerland’s top stock exchange SIX, revealed that the firm is unlikely to launch crypto trading, Business Insider reported August 17. According to Zeeb, cryptocurrencies are really “not a priority” at the moment, taking into account the fact that there are a number of other platforms that provide Bitcoin (BTC) trading services. Moreover, Zeeb noted that there are still some “reputational” issues surrounding Bitcoin, also suggesting that Bitcoin is all about “hope and hype.” However, the head of securities services at top Switzerland’s stock…

IoT Crypto VeChain Price Surges 50% Overnight, Factors Behind the Spike

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VeChain, a China-based Internet of Things (IoT)-focused crypto, has surged by more than 50 percent in value within the past 24 hours. Analysts have attributed the increase in the price of VeChain to the successful series of partnerships the team has been able to secure since earlier this year and the improving momentum of tokens in the global cryptocurrency market. Major Partnerships VeChain/USD | Source: TradingView In May, CCN reported that Pricewaterhousecoopers, a “Big Four” auditor better known as PwC, acquired stake in the Chinese cryptocurrency with the intent of…

Capital One Applies for Blockchain-Based Collaborative Authentication System Patent

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American bank holding corporation Capital One has filed a patent application for the implementation of blockchain technology in user authentication, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 16. According to the document, the inquiry is a continuation of a patent application submitted by Capital One to the USPTO in June 2017. The proposed system is designed to receive, store, record, and retrieve authentication information for a user in multiple blockchain-based member platforms. The filing says that recording of users’ personal data in blockchain…

Ripple Price (XRP) Records 16% Rally as Cryptocurrency Market Booms

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A bullish correction has “rippled” across the cryptocurrency market today, with the ripple price (XRP) leading a widespread altcoin comeback. Ripple Price Marches Back The XRP/USD trading pair on Friday jumped more than 16 percent, rising from 0.29065-fiat to 0.32853-fiat. The upside adds up to a 37 percent increase since the pair established its bottom at 0.24711-fiat. At the same time, the XRP market cap is now just shy of $13 billion. XRP/USD | Bitfinex The rally coincides with one of the Ripple Labs’ latest announcement concerning their plans to strengthen…

All Top 10 Cryptocurrencies in Green, Bitcoin Breaks $6,500

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Friday, Aug. 17: all top ten cryptocurrencies by market cap have seen green today, with Ripple (XRP) and EOS up over 15 percent over the past 24 hours, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) keeps gaining momentum, seeing a steady growth today with its price hovering around $6,500 point. The top cryptocurrency is trading at $6,495 at press time, up around 3.6 percent over a 24 hour period. Having plunged to as low as $5,961 earlier this week, Bitcoin is holding its weekly gains, up almost 7…

Blockchain Used to Trace Deadly Chemical Linked to $289 Mln Monsanto Cancer Lawsuit

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Food safety firm ZEGO is using blockchain to test products for residue of a deadly chemical tied to a recent $289 million Monsanto lawsuit, according to a press release published August 16. Earlier this month, Monsanto was fined $289 million in damages after a court ruled in favor of a plaintiff’s claims that the company’s use of a herbicide containing glyphosate had caused his cancer. ZEGO reportedly has a patent-pending blockchain system that would allow companies to test foodstuffs for glyphosate. The company says it had initially developed the solution…

Forget Bitcoin ETF, an ETN Already Allows US Investors to Invest in BTC

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Bitcoin ETF has been the big story of 2018 in the cryptocurrency space. But, a similar product already exists and with it, investors in US markets will be able to allocate more funds into the bitcoin market. Exchange-Traded Notes (ETNs) in Sweden Nine companies have applied to the US Securities and Exchange Commission (SEC) to operate a bitcoin exchange-traded fund (ETF) in the US stock market. The Chicago Board Options Exchange (CBOE) and VanEck bitcoin ETFs are said to have the highest probability of being approved by the SEC by…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, ETC: Price Analysis, August 17

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The cryptocurrency market capitalization has risen above the $215 billion mark once again. A resilient Bitcoin was the main reason for the pullback. If the leader holds ground, the investors gain confidence and start entering the markets. Crypto hedge fund Pantera Capital is…