Blockchain technology to change financial services sector: NSE CTO

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By Gokul Bhagabati, Panaji : With digitisation transforming the financial services sector in terms of speeding up transactions and fraud detection, the Blockchain technology holds enormous promise of further strengthening the sector, a top official with The National Stock Exchange of India Limited (NSE) has emphasised. “The NSE is experimenting with Blockchain technology, a NSE CTO Sankarson Banerjee told IANS on the sidelines of the fifth Cisco India Summit here. The Blockchain technology is based on distributed storage of data. A Blockchain is a continuously growing list of records — called blocks — which are linked and secured using cryptography. “Blockchain, we know, is the best way to create immutable record of things. That opens up a lot of use cases for asset verification – who owns the asset, where it comes from, things like that – or tracing the transaction of an asset,” Banerjee noted. “The second advantage of Blockchain is that it helps avoid double spend. It allows for unique non-repeatable transaction,” he added. Blockchain can make things highly distributed and resilient in ways that traditional data storage technologies cannot, Banerjee said, adding that in Blockchain, one can distribute a record to thousands of people and yet everybody …

Ripple Price Analysis: XRP/USD Resumes Downtrend

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Key Highlights Ripple price failed to hold gains above the $0.4700 support and declined against the US dollar. There is a new key bearish trend line formed with resistance near $0.4600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to decline and it could retest the last swing low of $0.4400. Ripple price is back in a downtrend against the US Dollar and Bitcoin. XRP/USD is under pressure below $0.4700 for more losses towards the $0.4400 low. Ripple Price Trend There was a major struggle to hold gains above the $0.4700 level in Ripple price against the US Dollar. The XRP/USD pair failed to gain traction and declined below the $0.4600 support. The decline was such that the price traded below the 50% Fib retracement level of the last leg from the $0.4400 low to $0.4940 high. It opened the doors for more losses below $0.4600 and the price moved in a bearish zone. It spiked below the $0.4500 level and formed a low at $0.4482 recently. At the moment, the price is trading near the $0.4500 level. An initial resistance is around the 23.6% Fib retracement level of the last recent …

More Pain Awaits Bitcoin, Crypto Costs if Fund LPs Go Out, Per Blockchain Capital Partner Spencer Bogart

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To explain the recent price slumps experienced by leading cryptocurrency Bitcoin (BTC), popular financial stock trading program CNBC’s Fast Money called upon Spencer Bogart – a partner of one of the most prominent venture capital firms in the blockchain and crypto sector, Blockchain Capital LLC. Speaking to the Fast Money panel late on Monday afternoon (UTC-4) from Blockchain Capital’s San Francisco headquarters, Bogart, despite admitting to being “super bullish on crypto right now,” warned that the price of Bitcoin – and therefore, cryptocurrencies in general – may again buckle under relentless selling pressure in the upcoming weeks. Justifying why the partner of the pioneer crypto and blockchain-focused venture capital firm was of this short-term bearish sentiment, Bogart alluded to a ‘fund redemption cycle’. Explaining what he meant by this, the Blockchain Capital partner told Fast Money host Melissa Lee that “if we go back to the summer of 2017, when crypto prices were booming, there was about a hundred, two hundred, maybe three hundred new crypto hedge funds that were formed.” #Bitcoin down 70% from all-time highs set back in December and  Spencer Bogart (@CremeDeLaCrypto) says things are about to get worse before they get better for #cryptopic.twitter.com/Bo9LflVNMg — CNBC’s …

Bitcoin price manipulation puts trust in cryptocurrencies at risk

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Cryptocurrencies like bitcoin have grown in appeal in big part since they can be bought and sold without a government or other 3rd party supervising everything. But there’s a flipside: Unlike in markets for other assets such as stocks or bonds, it makes it much harder to reveal price adjustment and scams. That’s what the Justice Department likely plans to do. In May, it opened a criminal investigation to analyze whether there has been cost control in the cryptocurrency markets. While it wasn’t clear what time period private investigators are taking a look at, it’s likely that they’re focusing on the sharp fluctuate that happened in late 2017 and early 2018. The effect of illegal cryptocurrency trading might be big. Bitconnect, as soon as the seventh-biggest digital coin, collapsed in a matter of hours in January, costing financiers hundreds of millions of dollars and deteriorating trust in legitimate cryptocurrencies. We have been investigating digital currencies for the last a number of years. Our latest paper, released in the Journal of Monetary Economics previously this year, discovered proof of fraudulent habits in 2013 and 2014, when costs soared and then tumbled over numerous months. Could the failure to root out and …

Blockchain Music Streaming Service To Increase the Amount Musicians Earn for Their Work

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A new blockchain-powered platform, combining streaming services and digital payments, aims to pay artists 80 percent of the streaming earnings from their tracks, such as subscription services and marketing income– more than is reported to be basic practice. Choon, a recently launched blockchain-based platform, describes itself as “the blockchain’s music service.” In essence, whenever a track is played, the artist makes cryptocurrency. This could, in turn, get rid of another major problem that Choon has actually highlighted with routine artist royalty systems: as payment is daily, there will no longer be extended wait durations for artists to see a monetary return following the streaming of their tracks.At the time of writing, the Choon community has more than 4,500 artists signed up, the business states. According to their Medium blog, nearly 6000 tracks that the primary appeal of their service to artists is that half of the entire supply of NOTES will be allocated to them in the very first years, with no commission fee from Choon, resulting in a platform that has excellent ease of usage in terms of guaranteed earnings. Nevertheless, they likewise wish to highlight that listeners do not have to utilize cryptocurrency if they do not wish …

Pensions Blockchain Platform Akropolis Register With Cindicator Symbiotic Network

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Bitcoin, Bitcoin News, Bitcoin Laws, Bitcoin Startups, Bitcoin Tools, Blockchain, Digital Currencies, Ethereum, Ethereum News, Hacking, Infographics, Preliminary Coin Offerings,< a href = http://coingreed.com/category/opinion/ title ="View all posts in: "Opinion""> Viewpoint, Smart Contracts This is a paid-for sent out news release. CCN does not endorse, nor is responsible for any product included noted below and isn’t really accountable for any damages or losses connected with any products or services mentioned in journalism release. CCN advises readers to conduct their own research with due diligence into the service, service or item mentioned in journalism release.NEW YORK, June 26, 2018– Cindicator, a tokenized fintech organisation that makes it possible for efficient home management through predictive analytics based upon Hybrid Intelligence, welcomes Akropolis as the latest member of its Symbiotic Network, a worldwide alliance of sustainable start-ups and business. Akropolis is establishing a worldwide blockchain facilities for the pensions market to make it possible for low-priced, transparent, completely traceable, and protected pension provision for billions of individuals worldwide. Akropolis has in fact assembled a group of professionals in pensions and home management: Akropolis CEO Anastasia Andrianovahas really analyzed and negotiated over$ 3.5 billion and motivated on over$300 numerous personal equity and monetary obligation …