Continental Unveils Demo Earning App for Blockchain-Based Car Platform

Automotive supplier Continental is providing a demonstration of its data monetization platform with an earning app for sharing car parking data. Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information. Parking space data for digital currency Forbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn As You Drive. This application reportedly lets drivers opt in to earn digital currency…

Read More

Why Did Bitcoin Price Drop Below $10K and What Do We Look for Next?

$9,100 is the last line in the sand for Bitcoin price after a rough week and with future movements uncertain. Well, Bitcoin (BTC) decided to take the bearish path, or maybe larger players that shape the market made the choice for it. The ascension from the narrowing pennant proved to be a fakeout and a tweezer top at $10,278 was followed by a sharp reversal all the way to the bottom of the larger bull pennant that Bitcoin has traded in since topping out at $13,800 on June 26th.  The…

Read More

1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

Cielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices. Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices. Crypto payments via QR codes Cointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes for payment, and the customer can then use a smartphone in order to scan…

Read More

Crypto Project Decred Adds Privacy Features to Its Coin

Cryptocurrency project Decred announces the addition of various privacy-focused features to its DCR coin. On Aug. 28, cryptocurrency project Decred announced that it is adding a few new privacy-focused features to its cryptocurrency DCR. According to Decred’s official blog, the goal of these new features is to be “simple, adaptable, and creative.” The post explains: “Decred has implemented a variant of CoinShuffle++ in its wallet. Although it is possible to perform this process in an entirely peer-to-peer (“P2P”) fashion, that overlooks constraints that come from routing over the public internet,…

Read More

South Korean ArtBloc to Sell David Hockney Paintings via Blockchain

South Korean art-focused project ArtBloc to conduct a fractionalized ownership sale of artwork by British painter David Hockney. South Korean art-focused blockchain project ArtBloc will conduct a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc launch commemoration ArtBloc plans to host a special event introducing the blockchain-enabled fractionalized ownership sale of two of David Hockney’s paintings in Seoul on Sept. 19, local outlet KoreaTechDesk reported on Aug. 29. “Hockney Night with ArtBloc” will also function as ArtBloc’s launch party, where art enthusiasts will be able…

Read More

DLT Platform Hedera Hashgraph’s Open Beta Test to Start in September

DLT platform Hedera Hashgraph is preparing for a public beta test, during which developers could build DApps and try out the network’s smart contracts. Hedera Hashgraph, a distributed ledger technology (DLT) platform, announced that it will offer open access to its mainnet beta starting Sept. 16. According to Hedera Hashgraph’s official blog post published on Aug. 29, the open access beta test will be a period of free public access, during which developers will be able to build decentralized applications, also known as DApps, on the platform. Open access beta…

Read More

Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil. Also read: ERC20 Tether Transactions Flip Their Omni Equivalent Tether Dominance in the East and Plans for a Digital Yuan Called CNHT Bitfinex shareholder…

Read More

Chainalysis’ Jesse Spiro on Crypto Wallet Blocking and Its Potential Impact

What will be the implications of further crypto wallet blocking and what will be the OFAC’s next moves? More and more cryptocurrency addresses have been added to the United States Department of the Treasury’s list of Specially Designated Nationals, which are marked as being possibly associated with the global drug trade. According to the Kingpin Act, U.S. companies and individuals are banned from any type of commercial relationship with addresses on the list as well as people connected to them. The three Bitcoin (BTC) addresses that recently came under a…

Read More

Japan’s Coincheck Crypto Exchange Reduces Leverage by 20%

The platform will reduce leverage from 5x to 4x in its latest overhaul, which is scheduled for the end of October. Japanese cryptocurrency exchange Coincheck has announced it is reducing the scope of its leveraged trading options to comply with local rules. In a blog post on Aug. 30, officials said they were reducing the size of leverage available for margin traders from five times to four times. Coincheck plans Oct. 31 changes The move has come in direct response to best practices put forward by the Japan Virtual Currency…

Read More

Contradicting Reports Emphasize The Rise And Fall Cryptojacking

Following reports that the alleged Capital One hacker was using servers to mine crypto, cryptojacking is on the tip of the space’s tongue. Unfortunately, there seems to be a bit of confusion as to how prevalent cryptojacking is, with a recently released study from McAfee Labs and information from the cybersecurity firm Bad Packets suggesting malicious miners are both on the rise and experiencing a downward trend.

Read More