Tuesday, November 13, 2018

CryptoCurrency News: Bank of America Patent Details How Enterprises Could Store Crypto

A Bank of America patent awarded Tuesday describes how an enterprise-level institution may store cryptocurrencies for customers.

via CoinDesk

CryptoCurrency News: Court Takes Control of Funds Amid Crypto Exchange’s Banking Dispute

A Canadian judge ruled that CIBC, which froze some $26 million CAD claimed by QuadrigaCX, must transfer the funds under dispute to the court.

via CoinDesk

CryptoCurrency News: Traders Now Betting 2-to-1 the Bitcoin Cash Fork Will Cause Price Decline

There are now almost twice as many open short positions betting that the price of bitcoin cash (BCH) will fall as there are longs betting on a rise in its price. According to data from crypto exchange Bitfinex, which allows margin trading for multiple cryptocurrencies, there are currently 89,457 open BCH short positions and 53,322 […]

via CoinDesk

CryptoCurrency News: Bitcoin Cash’s ‘Hash War’ Solidifies as Network Hard Fork Approaches

Over the past 24 hours, Bitcoin cash mining pools supporting Craig Wright's Bitcoin SV have consolidated even more of the relative amount of hash power.

via CoinDesk

CryptoCurrency News: GMO Reports $5.6 Million Q3 Loss on Crypto Mining Business

Japanese IT giant GMO has reported a loss of 640 million yen (about $5.6 million) for its cryptocurrency mining business in the third quarter of 2018. Revealed in the firm’s latest financial report, published Monday, that figure is markedly worse than its Q2 loss of 360 million yen (around $3.2 million). GMO put the drop […]

via CoinDesk

CryptoCurrency News: Shell, BP Back Blockchain Platform to Modernize Commodities Trading

Oil industry giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry.

via CoinDesk

CryptoCurrency News: Bitcoin Back on the Defensive After Price Hits Two-Week Low

Bitcoin price dropped to two-week lows earlier today and could extend the decline to key support near $6,100.

via CoinDesk

CryptoCurrency News: Free Money? Traders In Asia Are Buying Bitcoin Cash Ahead of Hard Fork

While bitcoin cash is seeing an internal war ahead of the scheduled network fork on Thursday, some traders in Asia are just betting that the sum of the parts will be worth more than the whole.

via CoinDesk

CryptoCurrency News: Australia’s CSIRO, CommBank Complete ‘Smart Money’ Blockchain Trial

Australia's federal science agency CSIRO and CommBank have trialed a blockchain payments prototype they say could save "hundreds of millions" a year.

via CoinDesk

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