Blockchain Can Stem Corruption in Construction Industry

American software corporation Autodesk CEO Andrew Anagnost said that blockchain could fight corruption in the construction industry, finance and investment news outlet the Australian Financial Review reported Nov. 19. Founded in 1982, Autodesk manufactures software for the construction, architecture, media, and entertainment industries. In 2018, the company’s revenue was $2.06 billion. Speaking at the 2018 Autodesk University conference in Las Vegas, Anagnost reportedly said that blockchain technology could eliminate corruption in the construction industry, as well as deliver greater trust in the field. The Financial Review quotes Anagnost: “What is…

Catalan Government Considers Blockchain for Public E-Voting System

The head of the Catalan government‘s citizen participation council states that the authority is considering blockchain for the community’s voting system, Spanish daily newspaper La Vanguardia reports Monday, Nov. 19. Earlier in October, the Generalitat of Catalonia approved a preliminary bill to establish an e-voting system for residents abroad in major elections and other voting processes in the autonomous community. Recently, Ismael Peña-López, director of Citizen Participation of the Government of Catalonia, revealed that the government hopes to introduce an external e-voting system by the year 2020, as well as…

Bitcoin Price Dives Below $5,000 amid Choppy Market

Twitter Facebook LinkedIn The bitcoin price kicked off this week on a depressive note, extending its current bearish bias to another low level. The BTC/USD index fell from 5502-fiat to 4886-fiat on Monday, recording more than 11 percent in losses. The price action bled through crucial support levels that had a history of reversing bearish trends. It confirmed how investors are looking to take a break from cryptos until its political scenario improves. The recent Bitcoin Cash hard fork has set the market on fire, with big mining pools jockeying…

After Yesterday’s Signs of Recovery, Crypto Markets See Drastic Losses

Monday, Nov. 19: after showing some signs of recovery yesterday, Nov. 18, cryptocurrency markets experience another dramatic fall. Bitcoin (BTC) dipped below the $5,000 mark, with some of the top 20 coins falling by as much as 20 percent at press time, according to CoinMarketCap. Market visualization from Coin360 After a modest attempt to clamber into the green zone on Nov. 18, BTC today has slumped by over 10 percent on the day and is trading at around $4,977 as of press time. On its weekly chart BTC has lost…

How Crypto Market Fall Influences Mining Hardware Sales and Producers’ Revenues

A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still managed to generate $4.7 billion in profit in the first six months of 2018. Constantly growing competition between big mining pools and the increasing difficulty of Bitcoin’s algorithm make getting the first cryptocurrency less profitable and weight the scales against small players. Miners shut off their machines, and card manufacturers suffer losses. In particular, AMD representatives, whose last quarter fiscal report, published on Oct.…

Mining Pool Offers ‘One of the Fastest Engines’ for 3.5 Million Miners

On Nov. 14, MinerGate, a top-tier mining pool platform with 3.5 million users worldwide, has released the final version of their xFast Miner engine. As Claude Lecomte, the CEO and Founder of MinerGate reported to Cointelegraph, the brand new version of the engine has significantly increased the level of performance and functionality of the platform. According to the company’s website, MinerGate provides miners with a high-quality merged-mining service, with 99.97 percent uptime, withdrawal amounts starting from 0.01 coins, and convenient smart mining features. New engine, faster than ever In the…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, IOTA: Price Analysis, Nov. 19

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 a period of three days, the crypto markets have resumed their downtrend. Total market capitalization of the crypto universe has dipped below $170 billion, which is a new yearly low. Following the increase in volatility and the renewed downtrend, some analysts have projected…

Columbia University, IBM Launch Two Accelerator Programs for Blockchain Enterprises

IBM and Columbia University have announced two blockchain accelerator programs that aim to help startups in the space innovate at scale, according to an IBM news release Nov. 19. Both programs form part of the Columbia-IBM Center for Blockchain and Data Transparency, a joint innovation center that was established by the tech giant and U.S. ivy league school this summer. According to the release, each program will support ten startups, offering them a network of business mentors, technical support, access to Columbia’s student talent and “research community,” design assistance, and…

Tencent Games Forms Partnership with Blockchain Esports Platform

Twitter Facebook LinkedIn Tencent Games has announced a collaboration with SLIVER.tv, a blockchain esports entertainment platform to create a 24/7 live esports channel that will feature streamers from FaZe Clan, Method, and NRG, in addition to interactive functionality such as prediction games, trivia, and prizes for viewers. Making the announcement on November 19, the game development behemoth, which is behind the popular Ring of Elysium battle royale game, revealed that the channel would be powered by Theta rewards, and users would be able to purchase in-game items and upgrades using…

Top Crypto Exchange Huobi Pays Its Dues to Beijing by Setting up Communist Party Committee

The company behind major cryptocurrency exchange Huobi has created a Communist Party branch as part of its obligations to the Chinese state, the company’s U.S.-based subsidiary Huobi Info confirmed Nov. 16. Singapore-based Huobi, which was founded in China and has sought considerable international expansion this year, has appeared to opt for “closer ties” with the government. As local news outlet South China Morning Post notes, the company is creating the Party branch at an additional subsidiary, Beijing Lianhuo Information Service (BLIS). The opening attracted an audience and speeches, including comments…