Shifting Toward a Decentralized System Architecture

The ongoing global COVID-19 pandemic has upended businesses around the world, forcing companies to retool their organizations to weather one of the worst disruptions to the global economy in decades. In the face of unpredictability, both decentralization in the workplace and system architectures have taken center stage as methods to combat ever-changing circumstances. While each company faces its own set of challenges, decentralized organizations are inherently better equipped to take on today’s inclement business environment. Decentralization via microservices Binance’s system architecture is a good case study when it comes to…

Blockchain Underpinning Much of Germany’s Renewable Energy Evolution

With Germany aiming to decommission all nuclear power generation in the country by 2022 and all coal-fired stations by 2038, myriad disparate renewable energy producers of various sizes are stepping up to meet demand. Distributed ledger technology is increasingly underpinning the architecture for many systems being designed by the country’s innovative renewable energy providers. Cointelegraph spoke to Richard Lohwasser, the co-founder and CEO of Lition Energie — a Berlin-based greentech startup that has launched a blockchain-based marketplace allowing consumers to choose between multiple energy providers — to discuss how DLT…

Jinxed it? Indicator Bets Bitcoin Won’t Fall Below $10K After August

Bitcoin (BTC) will never cost less than $10,000 again after August this year — according to a price indicator gaining popularity among investors. In a tweet on June 2, Timothy Peterson of asset manager Cane Island Alternative Advisors drew attention to a watershed moment for the largest cryptocurrency. Lowest Price Forward dictates $10K BTC floor According to Lowest Price Forward (LPF), in just two months’ time, Bitcoin will see $10,000 per coin for the last time ever.  LPF, which was previously known as the “never look back price,” makes price…

Telos to Use Blockchain for Food Assistance Platform

EOS-based blockchain platform Telos has announced a partnership with virtual card provider All_EBT to scale the firm’s service for food assistance programs. The partnership will see Telos’ blockchain used to facilitate payments between All_EBT’s stakeholders in food assistance and public welfare.  All_EBT is backed by Draper Associates, EOS, and Facebook, and allows recipients of electronic benefit transfers — or EBT — to spend those benefits online. The firm’s website currently prompts users to join a waitlist.  The firm previously won hackathons organized by Facebook and Y Combinator, and received the…

Blockstream Launches Ventures Initiative to Grow Liquid’s Ecosystem

Blockstream, the firm behind the Bitcoin (BTC) sidechains Liquid and Lightning Network, has launched its “Liquid Ventures Initiative,” which seeks to connect developers looking to build on the commercial sidechain with crypto investors. The announcement follows the completion of the first Liquid Demo Day, which saw participation from startups and developers from Hong Kong, Israel, Spain, Switzerland, Japan and the United States. The Liquid Ventures Initiative is backed by over twelve Bitcoin-centric venture capital firms and entrepreneurs — including Nogle, Seven Seas VC, Blockchain Capital, Castle Island Ventures, Digital Garage…

VanEck’s MVIS and CryptoCompare Launch Bitcoin Benchmark Rate

VanEck company MVIS and cryptocurrency data provider CryptoCompare are launching an hourly Bitcoin (BTC) Benchmark Rate, which has been developed in close cooperation with cryptocurrency bank SEBA. In an announcement on June 3, MVIS outlined that the new rate aggregates BTC transaction prices on the top five trading venues included in CryptoCompare’s Exchange Benchmark and disseminates each hour.  Licensed crypto bank SEBA will be using the new rate to launch further products for the digital assets market. Daniel Kuehne, the bank’s head of asset management, emphasized: “It is essential for…

Bitcoin ATMs Face Tighter Regulations Over Money Laundering

Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements. A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019. The report also found that 88% of funds sent from U.S. crypto ATMs to virtual currency exchanges were transferred overseas. The figure has seen exponential growth over recent years, doubling annually since 2017. In an interview with Law360, CipherTrace CTO John…

Crypto is More Than Just ‘Protest’ Money

Ethereum co-founder Vitalik Buterin says the current financial crisis is very different to the 2008 Global Financial Crisis that Bitcoin emerged from — and that the crypto community needs to adjust its thinking accordingly.  Writing in a Twitter thread on June 2, Buterin said that some of Bitcoin’s most dearly held  narratives had not been borne out this time around.  Pandemic and protests The Ethereum (ETH) co-founder said 2020 is not a repeat of the financial crisis in 2008/2009. Rather, he tweeted, it is a “virus crisis”, a crisis of…

Crisis Will Push BTC to $300K Even Without Institutions

Blockstream’s Adam Back says that unlimited money printing will drive retail investors towards Bitcoin and push the price to $300,000 within five years. In an interview with Bloomberg — in which he once again denied he was Bitcoin (BTC) creator Satoshi Nakamoto — Back outlined his thinking behind the sky-high price prediction. The cypherpunk OG — who was cited in the Bitcoin White Paper — added that BTC may not need the long-awaited flood of institutional money to push it into a bull run. “It might not require additional institutional…

Capitulation by Unknown Miner ‘Caused the Dip,’ Says CryptoQuant CEO

According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip. The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period. Unknown Miner: Number & Percent of Blocks Mined. Source: blockchain.com. This miner sells only when price is high Meanwhile, since May 20th (but not including today) the…