📬 Daily Cryptocurrencies & Blockchain Update, September 11th, 09:30:00 CET
Disclaimer: Nextblock.io and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice
Bitcoin
🔼The Swiss municipality of Chiasso has announced that it will accept tax payments in bitcoin from January 2018 onwards. The announcement signifies a further gathering of momentum for Switzerland’s bid to become a global leader in the bitcoin and cryptocurrency industries, with Chiasso seeking to rival Zug’s Crypto Valley as a major global hub for bitcoin adoption and innovation. https://goo.gl/aRZf3S
🔼 Russia is in the midst of legitimizing cryptocurrencies. It is developing a legal framework that will govern transactions using digital currencies like Bitcoin https://goo.gl/BjJBYb
ℹ️ Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the government of any major country step in and do the unthinkable – ban Bitcoin? https://goo.gl/bq6S6y
📶 Technical Analysis: https://goo.gl/en4x8K
Ethereum
🔼 The Ethereum network set a new throughput record yesterday, processing over a half million transactions in less than a 24 hour period. With all the news attention being focused on Bitcoin, the Chinese ICO ban, and Ripple’s lawsuit woes, Ethereum has quietly continued to grow in number of users and computational power. https://goo.gl/D5Tjh4
🔽 “Twitter Phishing Account Steals Ethereum by Pretending To Do OmiseGo Airdrop” https://goo.gl/4i4NFW
📶 Technical Analysis: https://goo.gl/r7nDWf
NEO
🔽It is fairly evident the Bitcoin price decline is dragging all other major currencies with it right now. Some of these currencies note much higher losses than what people would expect, though. NEO is one of the currencies swept up in the China ICO ban, which is heavily affecting its market cap. With another 9.88% decline in value, NEO ‘s market cap may very well go below $1bn soon.https://goo.gl/sELzx4
📶 Technical Analysis: https://goo.gl/7sPttt
Upcoming ICOs
🆕 Kyber starts in 3 days https://kyber.network/
🆕 Cobinhood starts in 1 days https://cobinhood.com/
🆕 IMMLA starts in 3 days https://immla.io/
Blockchain News
🔼 Computer scientists from the Swiss university ETH Zürich have found a way to make off-blockchain payment networks even more scalable. https://goo.gl/oWpGVy
🔼 As enterprises the world over become aware of the benefits associated with moving their operations to the Blockchain-as-a-Service (BaaS) platform, the Indian public sector would be the real beneficiary of this disruptive technology in the days to come, a top IBM executive has forecast. Touted as a key technological innovation of the digital cyptocurrency Bitcoin, Blockchain technology is disrupting traditional processes across industries -- from financial transactions to marine insurance and more. https://goo.gl/Bv3QWz
🔼 The problems surrounding these precious gems goes on. In the insurance sector, fraudulent claims for lost jewellery have resulted in billions in losses each year. “We see document tampering where one stone has been claimed across similar timelines with multiple insurers,” says Leanne Kemp, CEO and founder of Everledger, a company that's using blockchain to build a shared digital global ledger to track and protect valuable items. Using machine vision, they record 40 metadata points to create a unique thumbprint of each stone. It's “a forensic view like dental marks or iris scan,” compares Kemp. Around 1.2 million diamonds reside on that blockchain. https://goo.gl/UZf4V3
Recent Scams
🚩 Avoid Bithaul.net
🚩 Avoid Bitatom.biz
🚩 Avoid Coinearner.com
Final Summary:
Chao Deng the WSJ writer who broke the news of "China to Shut Bitcoin Exchanges", has no sources or evidence which could back the fact that this news is fake. BTC dipped below 4000 and ETH remains below 300. As it stands we are above $140BN total market cap. We need to hear more from China to get a definitive answer. This will be the catalyst for the new direction in the market.
Key Events/Conferences Today: Finovate Fall in New York, USA
Any more information please let us know.
Enjoy your Day
Nextblock Team
Useful information.. keep it up!!
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