The top cryptocurrency performers of the past seven days point to range-bound action for a few more days
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A group of four international telecommunications companies are currently testing a blockchain-based solution to automate the management of inter-operator roaming discount agreements. According to a report published on Feb. 17 by Mobile Europe, Deutsche Telekom, T-Mobile US, Telefonica and Orange say the solution vastly reduces the complexity of the current system, and is “production ready.”
Simplifying to allow scaling
The new solution revamps a process that hasn’t changed in many years and involves drafting, signing and manually implementing agreements for discounted roaming charges.
Automating this workflow speeds up and streamlines this process. Use of blockchain means that the terms of the agreement cannot subsequently be altered.
New technologies were set to make the existing process even more complex, as Rolf Nafziger, Senior Vice President of Deutsche Telekom Global Carrier, explained:
“The inter-operator workflow in roaming has been basically…
As not a day goes by without another cryptocurrency partnership, one of the biggest crypto exchanges in South Korea has begun new cooperation.
Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products.
BitMax’s staff includes former experts from Morgan Stanley, Deutsche Bank and Gemini
According to a Feb. 17 blog post by Bithumb Official, the two companies have signed a Memorandum of Understanding (MoU) to bring their forces together to build new services and strengthen their competitiveness in the global market. As part of the MoU, Bithumb and BitMax will be sharing their expertise with one another to actively cooperate in the development of blockchain and crypto-related technologies and infrastructure.
In the announcement, Bithumb emphasized that BitMax’s founding team includes quant trading experts from Wall Street…
Binance’s newly released Binance Cloud platform might be somewhat different from what the crypto industry expects the new feature to be.
After Binance founder and CEO Changpeng Zhao (CZ) first hinted at the introduction of Binance Cloud on Feb. 8, the new service has been officially released on Feb. 17, targeting users willing to set up crypto exchanges, according to a blog post by Binance.
All-in-one infrastructure for launching a crypto exchange
According to the announcement, Binance Cloud will serve as an all-in-one infrastructure platform for customers and partners to launch digital asset exchanges based on Binance’s industry-leading technology, security, liquidity as well as custodial services. The solution also supports dashboard for managing funds, multilingual functionality, as well as a range of trading pairs and coin listings.
The Binance’s new exchange-specific cloud solution will provide…
A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension.
The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners received a message as their site had been spotted by the malicious program as one seeking revenue from publishing an ad. The message ostensibly read:
“Very soon the warning notice from above will appear at the dashboard of your AdSense account undoubtedly! This will happen due to the fact that we’re about to flood your site with huge amount of direct bot generated web traffic with 100% bounce ratio and thousands of IP’s in rotation…
Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public.
For the first two weeks of February, China saw the launch of as much as 20 blockchain-based applications designed to help fight the coronavirus outbreak, domestic news outlet People’s Daily Online reported on Feb. 17. Most of the apps are used to manage citizens’ personal data as many people are returning to work this month.
Blockchain is on guard for medical data security
Local authorities noted that blockchain lets them effectively track and secure collected information. Thus, Xi’an, the capital of Shaanxi Province, applies the tech for online consultation and screening, as well as securely manage health records. In Hangzhou, tech company Vastchain Technology rolled out a WeChat-based program dubbed Access Pass. The program generates a…
Bitcoin (BTC) fell below $9,500 for the first time in almost two weeks on Feb. 17 as downward pressure continued to pressure markets.
Crypto market weekly price chart. Source: Coin360
BTC further rejects $10K
Data from Coin360 and Cointelegraph Markets showed BTC/USD hitting twelve-day lows of $9,485 on Monday. At press time, the BTC price was struggling to find support at $9,500.
The shift lower followed a four-day slide for Bitcoin, which had topped out at $10,500 before seeing considerable resistance kick in.
Some traders appeared worried, as evidenced by a single deposit onto derivatives giant BitMEX on Monday, which totaled 600 BTC ($5.72 million).
Weekly losses totaled around 3.5% on the day, while monthly performance remained strong at 7% growth.
As Cointelegraph reported, year-to-date returns…
India’s citizens will soon be able to cast votes from outside their city of registration thanks to a blockchain-based system.
According to The Times of India on Feb. 13, India’s Chief Election Commissioner Sunil Arora said that the country hopes to increase voter turnout with a blockchain-based voting solution.
Using blockchain to prevent “lost votes”
Arora said that, in the 2019 elections, 300 million eligible voters did not vote because they were either not politically engaged or were far from where their registered voting district on election day.
The Times of India states that the country has over 450 million migrants that move for work, education, or marriage, but may only do so temporarily, leading most to not bother with re-registering in a new district.
The commissioner said that regulators are collaborating with the Indian Institute of Technology to develop a blockchain…
Soccer fans in Europe will join the ranks of early blockchain adopters thanks to a new initiative by the Union of European Football Associations (UEFA).
According to a Feb. 17 announcement, UEFA will distribute over one million soccer match tickets via a blockchain-enabled mobile application. The organization claims that this new ticketing system will make “entry into the stadium smooth, safe and secure.”
The new blockchain-based mobile ticketing solution is meant to prevent the duplication and replication of tickets by “QR codes only being activated by Bluetooth once fans are in close proximity to the stadium.” The app will be available for download toward the end of May for both Android and iOS devices.
Tickets will be delivered no later than seven days before the match and “UEFA expects to deliver over one million mobile tickets to fans across all 51…