Spanish Telecoms Operator Partners With IBM to Manage International Calls With Blockchain

IBM and major Spanish telecommunications firm Telefónica have partnered to apply blockchain technology to managing international mobile phone call traffic, per a press release shred with Cointelegraph Nov. 14. Telefónica is the seventh largest telecom company in the world by market capitalization, valued at $51 billion according to Forbes. The company carries out communications business in 17 countries, with 343 million customers. The collaboration with IBM aims to streamline certain Telefónica business processes and address various challenges in the field, including the reliability and transparency of information registered from different…

The Crypto Market Just Fell to a New 2018 Low

Bitcoin sank to its lowest price in over a year on Wednesday, with the prices of other major cryptocurrencies falling alongside it. As of press time, bitcoin is trading at $5,525.92 – a more than 12 percent decline on the day – in the latest sign that volatility around the world’s largest cryptocurrency by market capitalization has returned with a vengeance. Indeed, bitcoin’s collective market cap dropped below the $100 billion level for the first time since November 12 of last year, according to CoinDesk’s Crypto-Economics Explorer (CEX). In the past 12-hours…

Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets

Twitter Facebook LinkedIn The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat. The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since September, leading many to believe that it had established a bottom around 6000-fiat. The latest selling action brought BTC/USD to its weakest mark since October 2017. The bitcoin flash-crash cannot be fit…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 14

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After months of stability, cryptocurrencies are under a renewed bear attack, as total market capitalization has again dipped below $188 billion. The current sell-off comes after months of range bound trading on markets. This is a negative sign because it shows that, after a…

Markets See Massive Sell-Off, Bitcoin Dips Below $5,600 for the First Time in 2018

Nov. 14: Crypto markets have suffered sharp losses over the past several hours. The major market drop off took place between 10:30 a.m. (UTC -5) and 12:00 p.m., with some of the top 20 cryptocurrencies dropping by as much as 18 percent at press time, according to data from CoinMarketCap. Market visualization from Coin360 According to data from Bitcointicker, after 11:00 a.m. (UTC -5) Bitcoin dropped below the $5,600  price point for the first time in 2018, sinking further to as low as $5,506 at around 2:00PM. Bitcoin is now…

Tokens Continue to Drop, is SEC Preparing to go After Crypto Projects?

Twitter Facebook LinkedIn The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent. ERC20 tokens launched on top of the Ethereum blockchain network have performed especially poorly against both Bitcoin and the US dollar over the past several days. Waltonchain, Lisk, ICON, Ontology, Golem, VeChain, WanChain, and many other tokens backed by active developer and investor communities declined substantially in…

New Platform is Challenging Better-Known Rivals

A digital money platform is challenging rivals by offering instant transfers from a greater number of cryptocurrencies, fiat currencies, and commodities – all with the ambition of reducing the seemingly endless costs and fees customers face. According to Uphold, it is free to open an account on its platform and transfer funds from bank accounts – and there are also low costs and no limits attached to sending or receiving money (if it is the same currency) to other Uphold members, whether they are down the street or on the…

Insurance Giant Ping An, Sanya City Gov’t to Build ‘Smart City’ with Blockchain

China’s Ping An Insurance Group, one of the world’s largest insurance corporations, and the Sanya municipal government signed a strategic cooperation agreement for “Smart City” construction. The new project will be backed with blockchain tech, artificial intelligence (AI), big data, and cloud computing, the official state run press People’s Daily reported Nov. 14. Ping An Group signed a strategic agreement with the Sanya Municipal People’s Government to carry out comprehensive cooperation on financial investment and “Smart City” construction as a part of a major strategic urban development in China. The…

US Fast-Casual Salad Chain Sweetgreen to Use Blockchain in Food Supply Tracking

U.S. fast-casual salad chain Sweetgreen has announced a second funding round to raise $200 million, mentioning blockchain among its key development areas, according to a press release published Tuesday, Nov. 13. Throughout the first round, closed late October, the company managed to raise $200 million, becoming valued at over $1 billion. During the second round led by major asset management company Fidelity Investments, the salad chain aims to raise an equal amount. The сapital raised, in particular, will enable Sweetgreen to focus on technology and supply chain development, the release…

OKEx Notes Early Delivery of BCH Futures After Trading Stop to Avoid Market Manipulation

The world’s current biggest crypto exchange OKEx has announced early delivery of Bitcoin Cash (BCH) futures contracts immediately after trading stop time today, Nov. 14, according a press release shared with Cointelegraph. As per the announcement, all Bitcoin Cash futures contracts have been set to stop trading at 9:05AM CET and delivered subsequently at 10:00AM CET due to the upcoming hard fork of Bitcoin Cash, Bitcoin ABC, scheduled for tomorrow, Nov. 15. According to Twitter, OKEx has released a notice on early delivery of Bitcoin Cash futures eight hours ago…