Bitcoin is ‘Potentially Disruptive’ to PayPal & Visa: Analyst

Bitcoin or another cryptocurrency won’t supplant PayPal and credit cards as payment options yet, but they could in due time. That’s the assessment of Lisa Ellis, an equity analyst with sell-side research firm MoffettNathanson. “Cryptocurrency systems (e.g., Bitcoin, Ethereum, Ripple) are potentially disruptive to private payment systems,” Ellis wrote in a client note. “Their core design characteristics — which are aimed at enabling ‘freedom of money’ — are in direct contrast to the characteristics of most traditional, private payment systems.” Ellis: Visa and PayPal Should Embrace Crypto Because of their disruptive…

Peter Brandt Calls For 80%+ Bitcoin Price Decline Over A Year Ago With Chilling Accuracy

Bitcoin price (BTC) has fallen over 80% from its all-time high of $20,000 over the past 14 months, and has struggled to regain any bullish momentum it once had. While many expected Bitcoin to bottom at the seemingly unbreakable support at $6,000, the leading cryptocurrency by market cap fell through to find its local bottom of $3150. Bulls and bears alike were caught off guard by the sudden violent decline. However one prominent trader was able to predict Bitcoin’s over 80% fall and called for a bottom target of $4,000…

Tron (TRX) Ranked Second in Last CCID Rankings, Will Price Follow suit?

Tron prices bullish but ranging China’s Center for Information and Industry Development (CCID) ranks Tron at second Participation levels shrink as TRX accumulate As a new entrant, Tron’s superiority showed when it was ranked second by the CCID. However, that didn’t spur Tron (TRX) demand as price are still accumulating, and bulls are yet to reverse Feb 24 draw-down. Tron Price Analysis Fundamentals China did ban cryptocurrencies and virtual exchanges in 2017, but that is not to say China is not pro-blockchain. In fact, as a country, it is the…

Sony, Fujitsu Aim to Make Educational Data ‘Unfalsifiable’ With Blockchain

Two Japanese tech giants have teamed up on an initiative using blockchain to provide educational records that cannot be faked. Announced by Sony on Wednesday, Sony Global Education, Fujitsu Ltd. and the Fujitsu Research Institute have launched a field trial to evaluate the utility of blockchain tech in the management of course records and exam grades. Also collaborating on the trial is Human Academy, an educational institution that serves foreign students. The trial will see foreign students aiming to study in Japan take a course preparing them for the Nihongo…

Developer of Blockchain Project ICON Denies IPO Plan Reports

South Korea-based ICONLOOP, the firm developing blockchain project ICON, has denied claims that it’s planning to hold an initial public offering (IPO). A report from local media outlet Pulse News on Wednesday cited “an investment banking industry source” as saying that ICONLOOP is planning to list on the Korea Exchange by early next year and that it has selected brokerage firm Mirae Asset Daewoo Co. as lead manager for the effort. Other news sources have also reported the claim. However, ICONLOOP CEO Jonghyup Kim told CoinDesk Korea that the news…

Blockchain Fund Launches With $22 Million Round Backed By Roger Ver

Switzerland-based Pangea Blockchain Fund is making its debut after closing a $22 million seed round backed by crypto investor Roger Ver. Announcing the news on Wednesday, Pangea said other investors in the round included Copernicus Asset Management, a Swiss firm regulated by the country’s Financial Market Supervisory Authority. Copernicus is also acting as investment manager for the fund. Pangea will invest in “transformative” blockchain startups around the world to provide them with an early-stage capital boost and other resources. The aim is to focus on the “commercial and industrial applications” of blockchain…

LinkedIn Founder, Fidelity Latest to Carry Bitcoin’s ‘Lightning Torch’

An ongoing experiment with bitcoin payments technology, the lightning network, continues to see support from some big name individuals and companies. The latest to receive a payment in a chain of transaction now known as the”Lightning Torch” are the digital assets team at financial giant Fidelity Investments and LinkedIn co-founder Reid Hoffman, both of whom joined the effort within the last few days. Fidelity Digital Assets tweeted: “We and our research team at the Fidelity Center for Applied Technology have received the #LNTorch ⚡from @Wiz. Who should we pass it…

Polymath Tests Show Security Tokens Can Be Compliant on a DEX

Security token platform Polymath has teamed up with Loopring to trial peer-to-peer trading of security tokens on a decentralized exchange. Revealing the news exclusively to CoinDesk on Wednesday, Polymath said that the “successful” tests – which used smart contracts on Loopring’s DEX protocol – demonstrated that only authorized trades of ST-20 security tokens were able to execute, while unauthorized trades could not. The ST-20 security token standard created by Polymath is an extension of the more generalized ERC-1400 standard that introduces the ability to restrict transfers of blockchain tokens. “They can only be…

Fidelity Joins $1.9 Million Round in Blockchain Data Startup Coin Metrics

Blockchain analytics startup Coin Metrics has closed a $1.9 million seed round with Fidelity Investments, Highland Capital Partners and Dragonfly Capital. Announced today, the startup also released its first suite of commercial products for institutions seeking customized research reports. Coin Metrics co-founder and board chairman Nic Carter told CoinDesk that institutional investors aren’t satisfied with the current crop of price aggregation services that don’t distinguish the integrity of different data sets. “One thing we’re looking at is building out whitelists of exchanges so that the market reference rates are actually…

Cryptopia Calculates That 9.4 Percent of Assets Stolen in January Hack

The New Zealand-based crypto asset exchange Cryptopia has made their assessment of a January hack, claiming that up to 9.4 percent of all their assets were stolen. In January 2019, the exchange went offline after publicly reporting a “major security breach,” which likely resulted in a theft of at least $3 million USD. Promising to involve several of the nation’s law enforcement agencies, Cryptopia’s announcement also stated that all of the exchange’s functionality and trading services would be suspended until further notice. The exchange, as well as Cryptopia’s website, are…