Ambrosus AMB

$0.0559
Market Cap $ 8.081 MM (#285)
24h Volume $ 351.672 K
Chg. 24h: 0.56%
Algo. score 3.6/5  (#164)
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Ambrosus News

Bitcoin Lightning Torch Is Continuously Gaining Traction Online

There has been quite a lot of significant development and growth for the Bitcoin Lightning Network recently. The introduction of the Lightning Network has been getting more and more traction because of the increasing support for an improved rate of adoption. The CEO of Binance, Changpeng Zhao is known for being very vocal about what is going on in with the exchange on his Twitter. CZ recently tweeted his support for the integration of the Lightning Network saying: Pizza for Valentine's? Maybe not today, but certainly tomorrow and onwards. It's spreading. https://t.co/fa2dqHy9tT — CZ Binance (@cz_binance) February 14, 2019 The wider adoption of the Bitcoin Lightning Network has been helped thanks to the ‘Lightning Torch’ which is a social experiment which has garnered a lot of attention for the network. According to the networks developers, Bitcoin’s LN offers some significant improvements over major issues that affect the common payment systems. The idea of the Lightning Network is to allow users to transfer capital around the world without the involvement of a third party which is different to PayPal or MasterCard. Thanks to Twitter, the experiment seems to have caught some fire and people are passing on the torch payment from one person to another after adding 10,000 satoshis to the payment before carrying it on to the next person. As reported by AMB Crypto, “the experiment has got a lot of high-profile personalities to participate in the BLT [Bitcoin Lightning Network] experiment, including the CEO of Twitter, Jack Dorsey who openly participated and by extension, promoted the Bitcoin LN. Jack Dorsey had recently dubbed Bitcoin as the future “native currency” of the internet.” In regards to the experiment, Dorsey said that it was a cool example of #BitcoinTwitter experimenting on the Lightning Network. The CEO then went on to pass the torch to a Twitter user with the handle @starkness. The Lightning Torch passed along to Changpeng Zhao to Justin Sun and even Erik Voorhees who says he is currently thinking of the next target. This is a lively social experiment for the crypto space and it seems to be going well so far!

6 days ago

What Is the Bitcoin Cash Hard Fork and Why Is It Sending Other Cryptos Into Freefall?

2018 has been something of a watershed year for the cryptocurrency. The volatility that has been part and parcel of digital currency over the past ten years has started to level out into a pattern of steady, predictable growth. The major players Bitcoin, Ethereum and Ripple are being taken seriously and widespread adoption looks to be ever closer. At least, that was the case for the first 10 months of the year. Over the past week or so, the major cryptocurrencies have tanked in a fashion that many commentators hoped, had been consigned to history. Bitcoin, Ripple and Ethereum investors have been left licking their wounds, and one phrase has been resonating by way of explanation: The Bitcoin Cash hard fork. Nodding sagely is well and good, but let’s be frank - most people are wondering what on earth it means and why it is causing chaos in the halls of crypto. Let’s try to find out. What’s so hard about a fork? Bitcoin Cash is itself, the product of a fork. It was created in 2017 to ease concerns over scalability by increasing the block size to 8MB, from Bitcoin Classic’s 1MB and by freeing up more space within blocks. Now, it has reached a point where it needs to fork again. The network undergoes two revisions per year. The problem is that this time, there will be two separate updates, and they are mutually incompatible. Think of it like Noel and Liam Gallagher each having their own creative ideas about where to go next. The only solution is for each to go his own way - but they can’t both be called Oasis. The Oasis parallel is not as fanciful as it might sound. For Liam and Noel, read Craig Wright and Roger Ver, the hitherto partners, each of whom will now be taking control of his own fork. The recently released email exchange between the pair certainly sounds more like the bickering of rock stars than a professional exchange between two middle-aged computer scientists and businessmen. Knock on effect Two grown men behaving like schoolchildren and calling each other names is the sort of thing that most of us would either find mildly amusing or just plain pathetic, and that would be an end to it. However, in this case, the fork, the fallout and the obscurity over which path will retain most mining support have combined to give the whole crypto community a case of the collective jitters. There are many who use cryptocurrency as more than just an investment tool. For example, as a preferred currency in the rapidly growing Bitcoin casino sector or as a cost-effective way of affecting international money transfers. One point that all these different types of users agree on is that any change in the landscape can cause destabilisation. This becomes something of a self-fulfilling prophecy, as traders make a dash for the door, selling off their stocks, and hey-presto, we have a price crash of 10 percent across all the major cryptocurrencies. Unsurprisingly, it was Bitcoin Cash itself that bore the brunt of the losses, a fact made all the more ironic given that this was the only significant cryptocurrency that had been showing gains over recent weeks when the likes of Bitcoin, Ripple, and Ethereum were holding steady. Angel Versetti is the CEO of Ambrosus, a tech firm that uses blockchain technology for its IoT sensors. In an interview with The Independent last week, he explained the dynamic at work: “In the first week of November, while the markets for the main large cryptos were flat, bitcoin cash was the only major cryptocurrency shooting up. It created strong expectations and pulled the price up, resulting in outflow from other cryptocurrencies. However, now the split is looming and the outcome is yet undefined. This has impacted the outflow of money from bitcoin cash. As people are moving into fiat, cryptocurrencies are taking a fall.” What lies ahead? Predicting the future behaviour of cryptocurrencies is a notoriously hazardous business, and up until last week, market analysts had been predicting a strong end to 2018 and a surge in values. This sudden drop might not have been part of the script, but the prognosis for the coming months is not necessarily doom and gloom. If certain market conditions are met, the crypto market could bounce back stronger than ever. Market research agency SharePost has been looking at the indicators and their Managing Director, Rohit Kulkarni says that it would only take some clarity from regulators and perhaps some commercial innovation in the market from one of this year’s blockchain startups to turn the bear into a bull and get the market back on track. The Bitcoin Cash fork has come at an unfortunate moment, but hard forks like these will be inevitable bumps in the road that the market will have to ride. From a broader perspective, 2018 could still be looked back upon as the year that cryptocurrency really came of age. Image: Pixabay The post What Is the Bitcoin Cash Hard Fork and Why Is It Sending Other Cryptos Into Freefall? appeared first on Live Bitcoin News.

a month ago

Cryptocurrency Firms Speak Out Against a McKinsey Report Critical of the Blockchain

Leading consulting firm McKinsey & Co recently released a report outlining the state of the blockchain sector. Per the report, the blockchain has potential, is still in its pioneer stage, and most of its use cases have failed to take off. Blockchain firms have come to speak against this report and debunked some of the points made within. Ambrosus CEO Angel Versetti has stated that currently, the blockchain is the best solution in its intended use case because of its immutability and being censorship resistant. Brent Jaciow, the CEO of Utopia Music acknowledged that the blockchain is still an emerging industry, but it should create APIs that are integrated to existing solutions and a user experience that is simple to help in bypassing challenges. The report despite being critical notes that the blockchain is a game-changer. (KE)

a month ago

Dollar Vigilante: Bitcoin (BTC) Nearing Bottom, Institutional Money To “Explode Crypto”

Bitcoin Is Infantile, But It’s Revolutionary Nonetheless Jeff Berwick, the so-called Dollar Vigilante (a skeptic of the U.S. fiat system), recently sat down with BlockTV, an up-and-coming crypto-centric media outlet, to discuss his optimistic outlook on Bitcoin (BTC). It should come as no surprise that Berwick was bullish on decentralized cryptocurrencies, especially considering his seeming distaste for government-issued currency, but his comments held credence nonetheless. @DollarVigilante Jeff Berwick says we have nearly reached a #crypto bottom and predicts a 2019 explosion. #bitcoinsummit #bitcoin pic.twitter.com/FMoeWJt7Rk — BLOCKTV (@BLOCKTVnews) January 9, 2019 In a shortened version of BlockTV’s interview, Berwick first noted that once Bitcoin, long touted as a way for consumers to “be their own bank,” is well-known as a non-intermediated currency (rather than an asset for criminals), it will likely gain revolutionary-level traction. He added that the fact that you can essentially store BTC (private keys) in your head, even without governmental or bank control, may only add to this paradigm shift. Berwick explained: Once even some people understand [Bitcoin’s potential], I couldn’t even possibly imagine where this movement could go. However, the fiat skeptic claimed that at its core, cryptocurrencies are still in a quite infantile state, in spite of the recent ten year anniversary of Bitcoin’s first block. Keeping this in mind, Berwick noted that while many consumers have cast cryptocurrencies off, especially following the boom and bust cycle of 2017/2018, that was likely just a small blip in the grand scheme of things. The decentralist isn’t the only industry insider to believe that BTC at $20,000 was just the start of something great. Per previous reports from Ethereum World News, Angel Versetti, the CEO of blockchain startup Ambrosus, noted that the real cryptocurrency bubble is when this asset class reaches an aggregate valuation of $15 trillion to $20 trillion. Berwick, like Versetti, hinted at the sentiment that this technological development is game-changing, and is still undervalued from a long-term perspective. The BlockTV interviewee, who claims that he will be able to survive and thrive “during and after the Dollar collapse,” noted that “nothing can stop a good idea.” Even more so for an idea that keeps “currency out of the hands of governments and central banks.” And this idea has already started to catch on. Per our previous reports, TIME Magazine lauded cryptocurrencies, BTC specifically, as a way to allow ‘average Joes to get out of the vises imposed by authoritarianism-centric entities. Berwick noted that he expects for this thematic development to continue in the future, especially as governments continue to struggle to keep their jurisdictions in-check. Institutional Money To Flow Into Crypto Dollar Vigilante went on to touch on his short-term forecasts for this market, which has been beaten to hell and back in recent months. Berwick noted that while he cannot be 100% sure of about predicting this industry’s developments for 2019, he expects that prices have hit (or are nearing) the bottom by and large. Yet, in spite of his bottom call, he noted that cryptocurrencies could remain in a lull until 2019’s end, echoing analysis done by other analysts, including Filb Filb and Murad Mahmudov. However, Berwick noted that with the arrival of institutional money (which he isn’t necessarily a fan of), via platforms like Bakkt, a potential Bitcoin ETF, and Nasdaq’s proposed futures, will “change the game completely.” He explained that as soon as institutional money starts flowing, cryptocurrencies prices will explode en bloc, as there are presumed trillions waiting on the sidelines. He added that with equity markets on the verge of “the biggest collapse ever,” as predicted by a number of decentralists, cryptocurrencies will likely outperform. Title Image Courtesy of Bruno Van Der Kraan The post Dollar Vigilante: Bitcoin (BTC) Nearing Bottom, Institutional Money To “Explode Crypto” appeared first on Ethereum World News.

a month ago

欢迎讲中文的人加入 Ambrosus 的华文社区,我们今天重新开放!加入关于区块链,物联网和未来加密货币的精彩讨论!更多...

欢迎讲中文的人加入 Ambrosus 的华文社区,我们今天重新开放!加入关于区块链,物联网和未来加密货币的精彩讨论!更多中文在线团体和推广渠道即将推出!Chinese-speakers welcome to join Ambros… https://t.co/bnHvNygXLq

a month ago

@prabhu794 AMB token transfers are by default executed via s...

@prabhu794 AMB token transfers are by default executed via smart contracts. You can also create new smart contracts… https://t.co/HZm80ir6Xy

2 months ago

Arabic speakers, rejoice, for we have launched our Ambrosus ...

Arabic speakers, rejoice, for we have launched our Ambrosus Arabic online community. Expect good news in the Middle… https://t.co/hJmGcsmkPM

2 months ago

Bitcoin Technical Analysis Shows Bulls to Succeed over Bears

Per an AMB Crypto report, Bitcoin's technical analysis shows a bullish trend. The RSI, MACD, Parabolic SAR, and the Aroon Indicator all show the existence of a bullish trend; however, the Awesome Oscillator denies its existence. In the 1-hour chart, the upward trend ranges from $3238 to $3830 while the downtrend extends from $4038 to $3928. However, a resistance level is set at $4137. At press time, Bitcoin was trading at $3890 with a total market capitalization of $67.8B. (KE)

2 months ago

Ambrosus Dev Update is here! Some great progress updates and...

Ambrosus Dev Update is here! Some great progress updates and unveiling of our Explorer and Dashboard, which are ent… https://t.co/E3xVTeEvwt

2 months ago

Ambrosus (AMB) Project Featured in the December Newsletter of the UN's One Planet Network

The blockchain project Ambrosus, which combines blockchain and IoT to assure data integrity for products, was recently featured in the official December newsletter of the UN's One Planet Network. The article discussed the projects most recent partnership with Nongshim Data Systems (NDS) and Korean Supermarket Chain Mega Mart that will see the Ambrosus blockchain-based food traceability solution applied to high-quality beef products for the supermarket chain. Ambrosus seeks to promote a new, more sustainable model for beef consumption that focuses on the consumer. (JF)

2 months ago

Tech Giant Amazon Sharpens Position to Compete in Blockchain and Crypto Space

One of the most prolific companies in the world is taking steps to further integrate blockchain technology into its suite of offerings. Amazon Web Services (AWS), a subsidiary of Amazon, has just released two blockchain related services: Amazon Managed Blockchain (AMB) and Quantum Ledger Database (QLDB). According to the AMB website, “This is a fully […]

3 months ago

VanEck Crypto Head Confirms Nasdaq Bitcoin (BTC) Futures

Gabor Gubacs Confirms Nasdaq Bitcoin Futures Rumor Information reaching Ethereum World News earlier today alluded to the rumor that Nasdaq, one of the world’s largest financial markets, has begun work on an in-house Bitcoin (BTC) futures contract. Although this is arguably a bullish development, at the time of the breaking Bloomberg report, the information was divulged by two supposedly familiar with the matter. To clear the air, Gabor Gubacs, a digital asset strategist/head at VanEck (the firm behind the leading Bitcoin ETF proposal), took to the stage of CoinDesk’s Consensus Invest, issuing a comment on the news. Big announcement on-stage at #ConsensusInvest: @gaborgurbacs reveals that VanEck is partnering with Nasdaq to "bring a regulated crypto 2.0 futures-type contract" to the market. — CoinDesk (@coindesk) November 27, 2018 Per CoinDesk’s Twitter channel, on-stage, in front of a crowd of hundreds, Gurbacs revealed that VanEck is partnering with New York-based Nasdaq to “bring a regulated crypto 2.0 futures-type contract” to market. However, like Bloomberg’s original statement on the matter, not many details were divulged regarding VanEck and Nasdaq’s collaborative efforts, potentially indicating that there could be ground-breaking features kept under lock and key. And to the apparent secrecy, many quickly resorted to speculation, with some questioning if Nasdaq’s instrument would make use of ‘physical’ BTC in custody, unlike CBOE and CME’s futures, but like Bakkt’s vehicle slated to launch in late-January. Then again, it isn’t clear if Nasdaq has plans to implement such a program, which complicates Bitcoin futures contracts, but seeing that the exchange is relatively blockchain- and crypto-friendly, physical backing, classified as a positive Bitcoin price catalyst, isn’t out of the realm of possibility. Bloomberg noted that the America-centric platform is planning to embark on its first notable crypto foray by Q1 of 2019, pending a green light from the U.S. CFTC. Despite Crypto Bear Market, Institutions Push Ahead Interestingly, this strong institutional foray comes amid bearish market conditions, which has seen the aggregate value of crypto assets collapse by $100 billion (40%) in the past two and a half weeks. This doesn’t only indicate that there’s still room for crypto assets to grow, but there are likely investors waiting on the sidelines for the right vehicle, product, platform, or service. Ambrosus CEO, Angel Versetti, recently spoke with the Independent U.K. on this subject, as reported by Ethereum World News previously. Versetti noted that he “doesn’t believe [that] we are, or were, anywhere close to a bubble with cryptocurrency.” The CEO of the blockchain upstart then added that the arrival of hotshot institutional players, who he dubbed “bankers” and “financiers,” indicates that the industry’s first bonafide bubble is on the horizon, and could even be in the making as he made his statement. This worldview wasn’t confined to just one industry savant, as others, including Bitpay’s Sonny Singh, also touched on the importance of institutional forays into this nascent industry. Speaking with Bloomberg, Singh explained that products like a regulated U.S.-based ETF, Bakkt’s fully-fledged platform, and other promising ventures will push bitcoin over $15,000 and possibly $20,000 during the fiscal year of 2019. Title Image Courtesy of Colton Duke on Unsplash The post VanEck Crypto Head Confirms Nasdaq Bitcoin (BTC) Futures appeared first on Ethereum World News.

3 months ago

Ambrosus @AmbrosusAMB Global CEO @angelversetti was intervie...

Ambrosus @AmbrosusAMB Global CEO @angelversetti was interviewed by the @Independent today about #crypto. He said: "… https://t.co/giQOy9t1uG

3 months ago

@QuintonCarlin @EITeu @startuptickerCH for the foreseeable f...

@QuintonCarlin @EITeu @startuptickerCH for the foreseeable future we envision having a two-way bridge betwen AMB(ER… https://t.co/OWF2syUedn

3 months ago

Meet Ambrosus at Web Summit. 7 AMBlets and 70'000 guests wil...

Meet Ambrosus at Web Summit. 7 AMBlets and 70'000 guests will be there. Also, don't miss our meetup in Lisbon on 9… https://t.co/OeHcG689g4

4 months ago

Mastercard Could Support a Crypto Credit Card Network and Coinbase May Announce IPO Plans Today

The State of The Market — October 26, 2018 BTC: $6,466.32 (-0.14%) ETH: $202.68 (-0.03%) XRP: $0.4585 (+0.40%) Bitcoin dipped below $6,500 but still shows an uncharacteristic lack of volatility as it hovers around $6,400 to $6,500. Ethereum continues to hold slightly above $200 on the majority of cryptocurrency exchanges. Today the majority of the top 100 cryptocurrencies are posting mild 1 to 3 percent losses and the total market cap is currently at $208.7 billion. In other news, Mastercard filed for a ‘fractional reserve management of blockchain assets’ patent. The patent essentially describes a cryptocurrency credit card network and system that simultaneously tracks crypto assets as well as fiat assets. Also, cryptocurrencies have shown little correlation to equities as the stock market rout continues. In recent days, the stock market lost all of its gains for 2018. Meanwhile, the broader cryptocurrency market is holding steady. As a result, there does not appear to be any correlation between stocks and cryptocurrencies. 1) CNBC Crypto Trader host, Ran NeuNer says that Coinbase cryptocurrency exchange will announce their IPO on Friday, October 26. NeuNer went as far as stating that the IPO announcement will take place live on his show. In his tweet, NeuNer also reviewed Coinbase’s user statistics which show that 80 percent of the exchange’s revenue came from consumers and 15 percent was sourced from institutional accounts. The remaining 5 percent was simply labeled as “other”. The data also shows that Coinbase expects to earn $450 million in Q4 of 2018. In 2017, Coinbase president Asiff Hirji suggested that an IPO could occur in late 2017. Hirji is on records as saying “It is certainly in the interest of our investors…and the most obvious path of Coinbase is to go public at some point.” 2) Potential investors in Bitmain’s IPO were provided with fabricated information about the company’s financial backing. Investigative reporting conducted by CoinDesk found that investors received documents suggesting that Bitmain had secured financial backing from Digital Sky Technologies Global and GIC Private Limited. One of the pitch documents explicitly stated that Bitmain “recently completed a $400 million Series B round of financing from Sequoia Capital, DST and GIC, with a pre-investment valuation of $12 billion.” Another version made similar claims and both versions were forwarded to public social media discussions, private email lists, and crypto-media. An inside source told CoinDesk that “Bitmain created the pitch deck without offering proof.” Financial regulatory laws in Hong Kong criminalize the issuance of false statements “for the purpose of inducing another person into an agreement” and if these assertions are found to be true, Bitmain management could be penalized with up to 7 years in prison and hefty fines. 3) According to a story published in BREAKER, not all of the coin journals in the crypto space have the same journalistic integrity as others. Corin Faife, a BREAKER contributor, recently set up a fake email account and contacted 28 different journals to inquire about advertising rates, and if he received a reply he followed up by asking how much it would cost for an article “to not be marked as ‘sponsored.’” 12 out of 28 outlets said they would publish the content without identifying it as sponsored, including NewsBTC, Bitcoinist, Cryptovest, AMB Crypto, and Blokt. (RS)

4 months ago

Inquiry Shows Some Coin Journals Will Publish Sponsored Content Without Identifying It

According to a story published in BREAKER, not all of the coin journals in the crypto space have the same journalistic integrity as others. Corin Faife, a BREAKER contributor, recently set up a fake email account and contacted 28 different journals to inquire about advertising rates, and if he received a reply he followed up by asking how much it would cost for an article "to not be marked as 'sponsored.’” 12 out of 28 outlets said they would publish the content without identifying it as sponsored, including NewsBTC, Bitcoinist, Cryptovest, AMB Crypto, and Blokt. (JF)

4 months ago

3 Cryptocurrencies Well-Positioned to Beat BTC Price in Q4 (AMB, BCH, ADA)

This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term. 3 Cryptocurrencies We Predicted Would Rally Last Week’s Piece, which highlighted the cryptocurrency GOChain 00, resulted in GO increasing more than 50% in value in the 48 hours that followed. This is similar to TRIG, VIBE, and EVX, which all had rallies in excess of 50-250% following analyzing their short-term developments. It may be a ‘bear’ market but clearly, but it is showing bullish signs and AMB is likely to be next. Each cryptocurrency on this list has its own specific reasons from unique conferences to increasing their coin’s utility for their bullish short-term tendencies. This week will focus on AMB, BCH, and ADA, with AMB likely to lead the charge as a cryptocurrency likely to gain in excess of 50% in the short-term. Ambrosus (AMB) This week AMB 00 is highlighted as likely to have major bullish tendencies in the short term as they release their upgraded Mainnet 2.0. AMB developers are clearly remaining committed to their project even amid the bear market. Currently, AMB’s market cap is barely over $20 million. In other words, if it approaches a $100 million market cap, the value of the underlying AMB increases 500% (5x). With multiple other cryptocurrencies having mainnet updates in the prior months there can be a common occurrence gleamed from watching the cryptos price movements in the days leading up to launch. The coins have a tendency to trend North in anticipation of mainnet release. As more individuals check the crypto calendar and see ‘news’ they start FOMOing and rush in. The goal is to beat those FOMOing individuals into the alts with upcoming major developments. This week’s piece does not focus on conference developments, or utility developments, but instead on tech developments. AMB with their Mainnet Version 2.0 being released before the end of quarter four should provide an unexpected surprise announcement (that you’d have to go all the way to December on the crypto calendar to view or be following the project to know). These types of tech upgrades, especially with exact dates unannounced provide a major opportunity for bullish price movement. AMB has their Mainnet 2.0 being released this quarter but also has developments occurring behind the scenes and major partnerships in the works. A market capitalization of only 20 million, coupled with tech advancements, partnerships, and listings on the biggest exchanges, is why AMB is an attractive acquisition target. Individuals familiar with AMB’s team have mentioned numerous times how partnerships are planning on being announced by the EOY in either the pharmaceutical supply chain or food supply chain monitoring. AMB is also onboarding many of their core community for internal product testing and development. Major developments are happening within AMB and quarter 4 coupled with Mainnet 2.0 should push AMB even higher. AMB is a blockchain-powered IoT network, enabling secure and frictionless dialogue between sensors, distributed ledgers, and data to assure product quality. This niche (supply chain monitoring) is one where blockchain will continue to exploit as their transparent nature, ability to track frictionlessly and provide live updates will revolutionize the supply chain and IoT technologies. With quarter four’s Mainnet Version 2.0 on the horizon it is likely we see a major Northern price trend produced due to upcoming tech advances and partnerships. Q4 price target prediction: $ 0.60-$0.72 in the short term, approximately 6,000 Sats. Bitcoin Cash (BCH) Bitcoin Cash (BCH) 00 has had a rough summer and the upcoming Bitmain IPO, which was supposed to boost BCH’s price, but has suffered due to swirling rumors about false claims of investors and quarterly sales numbers. However, when the market is ‘doubting’ a coin this is the time to believe in it. “Be fearful when others are greedy, be greedy when others are fearful,” said Warren Buffet. Right now the market is fearful regarding BCH, which is why it is time to be greedy. Regarding BCH’s quarter 4 and technological advancements they have an upcoming hard fork and are participating in Amsterdam’s DevCon October 27, 2018. This hard fork has investors both worried and curious. The worry and fearfulness are overpowering the curiosity resulting in BCH falling more than 50% against BTC since the beginning of summer. The Bitcoin Cash fork is occurring because two of the biggest mining groups (by hash power) have split thoughts on the future of BCH. One group wishes to introduce atomic swaps intending to make BCH the most scalable, extensive, and utilizable blockchain, while slowly moving BCH away from a currency used like ‘cash.’ The other group wants BCH to rem

4 months ago

@JohnOfOh @rusaurara @sspp444 @yashilou Apollo = 250,000 AMB...

@JohnOfOh @rusaurara @sspp444 @yashilou Apollo = 250,000 AMB Stake. Hermes = 150,000 AMB Stake. Atlas Omega = 75,00… https://t.co/d6WKf3zdSw

4 months ago

Surprise Bull Run Pulls XRP Up Over 10%

After the market surged over the weekend, HODLers of XRP were slightly shocked as they were carrying the third biggest digital currency with them. When the surge peaked, the coin was reflecting a growth of over 10%, on par with the biggest gainer in the market, Ethereum. The coin is still up by over 10% in the past hour, at the time of writing, even when it began to track back to a more stable level. XRP is currently trading at $0.44 and is in the green with a 6% increase over the past day. Most cryptocurrencies are in the green today, showing a good sign for the week ahead. However, the recent hike saw it reach the level of $0.46, which is still a low from its weekly high of $0.52. Furthermore, this is coming off the back of a visit by the bears which made to price drop to $0.38, along with the whole market taking a bit of a beating by the bears (think Leonardo DiCaprio in The Revenant but not as bloody). Even after the bear period, XRP was one of the few coins which began a significant resurrection to take back its place in the $0.40 region. This marked its growth of 7.5% even as the rest of the market was having a difficult time finding momentum again. After coming back to life, the XRP price started to trade sideways, trading steadily around the $0.42 area. In the early hours of today, the price was pushed up out of the critical resistance, defined by the price movement over the past week. According to AMB Crypto: “The coin remains as one of the strongest growths in the past month, reflecting a whopping gain of 63% over that time period. As it were, the price movement over that time has established a few resistances for the price. These present themselves at $0.45, which has since been broken and at $0.54 and $0.58.” There are speculation of a coming bull run for the markets, if this speculation is accurate then could XRP see more gains soon? Let us know your thoughts and what you think down in the comments down below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Surprise Bull Run Pulls XRP Up Over 10% appeared first on Crypto Daily™.

4 months ago

Bitcoin ETF Mover Is A Crucial Advantage

The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs. In the interview, Lake said: “We certainly do not believe that we have missed the ETF boat by long shot. In our opinion, the last mover advantage is the best. Take the example of Netscape, they launched well before Google but look where they are right now.” The official from JP Morgan went onto say that the business has been planning out strategies to in order to differentiate the assets for a long-term viewpoint. The interview also informed users that JP Morgan was 19th in terms of digital currency assets and was 5th for market flow which summed up to over 8.5 billion USD. JP Morgan has recently been in the news after the company announced that over 70 banks had joined up with them to be part of the interbank blockchain project designed by the company, according to a recent report by the Financial Times. The platform was named ‘the interbank information network’ or IIN. According to AMB Crypto: “The IIN project was started by JPMorgan back in October 2017 to overcome the delays in cross-border payments in the existing systems. The banking giant initially partnered with two other banks, the Royal Bank of Canada and Australia and New Zealand banking group [ANZ], to trial run the project for 11 months.” Lake also said that with the product range and the development must be competitive in the cryptocurrency industry. He pointed this out since the market has settled investors have responded in a ‘very positive way’. Even institutional traders have taken a shine in the crypto world, according to Lake. The Bitcoin ETF was also talked about by the SEC (securities exchange commission) recently. After a proposed change in rules submitted by Cboe BZX Exchange Inc. at the start of the year. The change in rules was intended to enable the trading of GraniteShares Bitcoin ETF which was proposed this year but was declined by a regulatory body. In the report by the SEC: “On August 23, 2018, the Secretary of the Commission notified BZX that, pursuant to Commission Rule of Practice 431,10 the Commission would review the Division’s action pursuant to the delegated authority and that the Division’s action pursuant to delegated authority had been automatically stayed.” googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Bitcoin ETF Mover Is A Crucial Advantage appeared first on Crypto Daily™.

4 months ago

Banking Giant Partnered With Ripple Goes Live With SWIFT Global Payments

The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments. In the reveal it said: “With SWIFT gpi, Santander can now offer a rapid cross-border payments service - with real-time payments tracking and transparency on bank fees and foreign exchange rates.” The announcement also revealed that the banks aim is to go live in Mexico and Chile by the end of the year. On top of this, 80% of Santander cross-border transactions will be live on SWIFT GPI by the end of 2018. Moreover, they plan to extend to other countries by next year. Ever since the launch of SWIFT GPI last year, the banking giant and SWIFT have been working tightly in Global projects, looking massively on providing solutions for customers of Santander, suiting their location in the world. The GTB Head at Santander Espana, Eva Bueno Velayos spoke on the matter and said: “For us, SWIFT gpi represents a good opportunity to improve the experience provided to our clients in their international payments, making the process faster and more transparent while simultaneously making our internal processes more efficient. We are looking forward to advancing in the following phases in order to achieve the best possible service in our payments offering.” The Santander giant has been using Ripple’s payment solution for cross-border payments. In fact, earlier in the year, they released a RIpple powered application called, OnePayFX. In a recent interview, the Head of Innovation over at Santander, Ed Metzger stated that Ripple’s technology has improved their customer’s lives. According to AMB Crypto, Metzger spoke about OnePayFX and said: “We believe that financial services are moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.” The team at Ripple will be part of the upcoming conference for SWIFT, Sibos, which will be held from 22nd October to 25th October and they will start showing off RippleNet. What are your thoughts? Let us know what you think down in the comments below! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Banking Giant Partnered With Ripple Goes Live With SWIFT Global Payments appeared first on Crypto Daily™.

4 months ago

Bitfinex Stops USD Deposits To Their Exchange

The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt. The company has gone under inspection for the widespread use of the USD Tether stablecoin. However, there haven’t been any transparent audits which actually prove the stablecoin is backed by the US dollar. This is a serious situation for the market, with over $2.5 billion in the form of USDT. A digital currency news outlet, The Block has revealed that earlier today, the exchange has stopped all deposits of USD. At least, they have stopped them for now as they are expecting the situation to return to normal by next week. The same news outlet also reported that their new partnership with the popular bank HSBC, after reports emerged of their previous banking partner finding it hard to run. On their blog, Bitfinex said this on the matter: “Complications continue to exist for us in the domain of fiat transactions, as they do for most cryptocurrency-related organisations. However, we continue to do our utmost to minimise any waiting times associated with fiat deposits and withdrawals.” Their bank account is a private one under the name Global Trading Solutions and so it isn’t clear whether HSBC was aware that the exchange was banking with them. According to The Block who said: “Now it appears that the private account is no longer functional. Bitfinex currently has no active method of deposits as all USD, EUR, JPY and GBP deposits are paused.” Now, this is different from what was said by Bitfinex in their blog post explaining why they weren’t bankrupt or going bankrupt. They had said: “Verified Bitfinex users can freely withdraw Euros, Japanese Yen, Pounds Sterling and U.S. Dollars.” Twitter users are also reporting the issue, with USD withdrawals currently being temporarily stopped for many. There is speculation that the recent drop in the price of Bitcoin was due to the rumours of the withdrawals being stopped. If you decide to attempt to deposit USD anyway you will be met with this message: “USD Wire Deposits Temporarily Paused. We expect the situation to normalize within a week. We apologize for the inconveniences.” What are your thoughts? Let us know what you think down in the comments below! Reference: AMB Crypto googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Bitfinex Stops USD Deposits To Their Exchange appeared first on Crypto Daily™.

4 months ago

Ambrosus (AMB) Partners with Korean Food Producer to Track Beef

The globally decentralized blockchain and IoT platform Ambrosus (AMB) has announced a partnership with the subsidiary of the Korean food producer Nongshim to track beef sold by the food retailer Mega Mart. AMB plans to use the AMB-NET blockchain to create a tracking model that allows company partners and consumers of Mega Mart to access information about the history and transportation of each cut of beef. The overall goal is to create more transparency and quality assurance in the supply chain space that has historically been complex and difficult to track. (JF)

4 months ago

Ambrosus partners with Korean food producer and retailer to provide traceability for beef

CryptoNinjas Ambrosus, the globally decentralized blockchain, and IoT platform, has partnered with NDS, a subsidiary of Korean food producer Nongshim, to track and trace premium quality beef sold by food retailer Mega Mart. Using the AMB-NET blockchain, Ambrosus... Ambrosus partners with Korean food producer and retailer to provide traceability for beef...

4 months ago


News courtesy of berminal.com
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