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Quorum blockchain moves from JP Morgan Chase to ConsenSys 

An enterprise blockchain platform developed by the banking giant JP Morgan Chase, Quorum is just about to be acquired by ConsenSys.  An undisclosed strategic investment was also made by JP Morgan into ConsenSys but neither company confirmed the side of the investment made by the bank. An enterprise blockchain platform developed by the banking giant JP Morgan Chase, Quorum is just about to be acquired by ConsenSys. An undisclosed strategic investment was also made by JP Morgan into ConsenSys but neither company confirmed the side of the investment made by the bank. However, it was confirmed by ConsenSys that funds...

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CRDT: IoT enabled advertisements

CRDT is a new project that we are very excited to share with you. CRDT is its very own cryptographic token and one that is sure to grow throughout the crypto community.  Over the next couple of days/weeks/months, we will take an in-depth look into the token on how it works and how it will benefit you as a trader.  The improved advertising pilot was lauded by CryptoDaily in which we implemented proprietary Internet of Things (IoT) features to give an extra edge to digital advertisements, with bonuses to the consumer and the advertiser. When a user on a smartphone...

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The UK-based FCA wants to widen its reporting rules to crypto companies

Anti-money laundering reporting requirements might be needed by United Kingdom-based crypto companies in the near future. Earlier in August, a consultation paper was published stating that the FCA had proposed to expand its annual financial crime reporting obligations to include all crypto-asset platforms and custodian and wallet providers. Anti-money laundering reporting requirements might be needed by United Kingdom-based crypto companies in the near future. Earlier in August, a consultation paper was published stating that the FCA (financial conduct authority) had proposed to expand its annual financial crime reporting obligations to include all crypto-asset platforms and custodian and wallet providers. The...

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Why more companies are betting on bitcoin as a worthy reserve asset

MicroStrategy, a $1 billion financial services company, recently decided to shift half of its stockpile of reserve cash into the leading cryptocurrency. To that end, the Ottawa based graphics software company, Snappa has done the same.  MicroStrategy, a $1 billion financial services company, recently decided to shift half of its stockpile of reserve cash into the leading cryptocurrency. To that end, the Ottawa based graphics software company, Snappa has done the same. This promising company announced recently that it will move a large portion of its reserve into bitcoin just like MicroStrategy did. Chris Gimmer, the co-founder of the company...

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BTC/USD Showing a Spark on Drive to 12000: Sally Ho's Technical Analysis 31 August 2020 BTC

Bitcoin (BTC/USD) attempted to maintain its upward momentum early in today’s Asian session as traders continued to buy on dips above the 11000 figure and attempt to establish a base above the 11548.24 area, representing the 61.8% retracement of the recent depreciation from 11823.62 to 11102.73.  Traders recently tested the 11648.05 area during the pair’s appreciation, representing the 38.2% retracement of the recent appreciation from 8055.91 to 13868.44.  Notably, the 11631.37 area represents the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73, and traders are interested to see if BTC/USD can establish momentum above this level.  During the pair’s recent...

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