Blockchain Will Be ‘Meaningless’ Unless It Helps Build Greener Future

Jack Ma, the founder of Chinese e-commerce giant Alibaba, has said that blockchain and other advanced technologies still need to prove they can help evolve society in a “greener and more inclusive” direction. His remarks came as part of a keynote delivered at the World Artificial Intelligence Conference in China September 17, as local outlet cnBeta reports. While Ma’s keynote focused on the challenges and common (mis)perceptions surrounding the advent of artificial intelligence (AI) in particular, he reserved a place for blockchain and internet of things (IoT) technology as technological…

Crypto Wallet Protection App Wants to Secure Your Wallets Against Malware

Malware, a persistent thorn in the side of the internet’s wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers to rob community members of their funds. One program, dubbed the clipboard hijacker, for instance, operates by secretly gaining control of a Windows device’s running memory. It then replaces the Bitcoin address copied into a user’s clipboard with the address of the attacker, leading the user to unwittingly transfers funds to the hacker. New Jersey–based BlockSafe Technologies…

Crypto Daily News | Former SpaceX Engineer Starts a Crypto Exchange

In today’s edition of Crypto Daily News, we’ll cover the details of the SpaceX engineer’s new crypto exchange and what Zimbabwe’s Finance Minister said about crypto lately. Crypto Daily News: September 17th, 2018 Former SpaceX Engineer Starts a Crypto Exchange Joshua Greenwald, former SpaceX engineer, is currently the CEO of LXDX and the company just announced that it is launching its own public digital currency exchange. LXDX currently holds its own proprietary software that’s focused on levels of performance not currently seen in the current crypto market. LXDX offers a low…

Jack Ma on Blockchain | “Useless” Unless It Helps the Environment

Jack Ma, Alibaba’s Executive Chairman, has never been shy about his thoughts on the newest and latest technology. The Chinese businessman, investor, and philanthropist has been a long-proponent of blockchain technology but recently made a firm statement on its future. Let’s take a closer look at Jack Ma on blockchain. Jack Ma on Blockchain Ma believes that blockchain and other advanced technologies still need to prove they can help society evolve in a “greener and more inclusive” direction, local news outlet cnBeta reported. Ma told those present at the World…

Ether Just Erased Half of Last Week’s 35% Rally

The price of ether (ETH), the world’s second-largest cryptocurrency by market capitalization, sank nearly $30 today, effectively erasing half of the 35 percent rally recorded last week. At press time, ETH is trading across exchanges at an average price of $196 – down $28 and 11 percent on a 24-hour basis, according to CoinDesk’s Ether Price Index (EPI). The development came after what was a record-setting week for the cryptocurrency when it recorded its highest daily trading volume in over 12 months, most of which came from buyers. The surge…

Litecoin ‘Significantly Overvalued,’ Cryptocurrency Hedge Fund Claims

Proponents of litecoin, the seventh-largest cryptocurrency, have long touted it as “silver to bitcoin’s gold,” the medium of exchange to BTC’s store of value. Much like physical silver, though, litecoin currently trades well below its all-time high, having plunged to about $55 from a peak of $358. However, according to cryptocurrency hedge fund Multicoin Capital, even at that mark litecoin is “significantly overvalued.” Multicoin, which is short LTC, lays out its bear case for the asset in a new report, authored by managing partner Tushar Jain. A Maturing Market and…

Elon Musk Asks Dogecoin Creator to Help Fight Crypto Scam Bots on Twitter

The CEO of SpaceX and Tesla Elon Musk asked Jackson Palmer, the creator of Dogecoin (DOGE), to help him combat “annoying” cryptocurrency scammers on Twitter in a tweet Monday, September 17. Mentioning Palmer in his tweet, Musk wrote: “@ummjackson if you can help get rid of the annoying scam spammers, that would be much appreciated.” Palmer replied almost immediately, urging Musk to reach out to him using direct messages. The creator of Dogecoin promised to send Musk the script that could solve the problem: “If you DM me (your DMs…

Bitcoin Price Intraday Analysis: BTC/USD Wedge Support Broken

Bitcoin price on Monday depreciated against the US Dollar after consolidating sideways for the whole Asian and European sessions. The BTC/USD at the beginning of the US trading hours formed lower lows towards 6239-fiat. Before that, the pair was trading sideways owing to minimal momentum. It kickstarted the Asian session with just shy of 6500-fiat and recorded marginal gains as the day matured. BTC/USD started retracing below 6500-fiat during the early European session, displaying weak pullbacks from the said psychological level. And, right around the time of this writing, and…

Cryptocurrency Stands to Win Big in the Football Sector

As advocates of blockchain put forward theses for revolutionizing a plethora of industries around the world, European football — one of the most ubiquitous industries — is not an exception. French soccer club Paris Saint-Germain (PSG) revealed in a Sept. 11 press release shared with Cointelegraph that it is partnering with blockchain platform Socios.com. The main outcome of the partnership is to launch a Fan Token Offering (FTO) that will give fans access to Saint-German club tokens, which come with voting rights and can also be representative of VIP status…

Cryptocurrencies Are ‘Perfect,’ But Often Used for Illicit Activities

Cryptocurrencies are “perfect”, but are often used for bad purposes, executive chairman of multinational Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) Francisco Gonzalez Rodriguez stated in an interview with CNBC Friday, September 14. Gonzalez has claimed that the world is going through “an incredible digital revolution” which will eventually lead to a new world order. However, the BBVA executive has also stressed that there are “ripple effects” that must be understood. He further explained the risks of digital technologies: “Cryptocurrencies are perfect, but are used for bad purposes today,…