Above $13K: Bitcoin’s Price Extends 2019 Gains to New 17-Month High

Bitcoin’s price has refreshed 17-month highs in the U.S. trading hours with a move above $13,000. CoinDesk’s Bitcoin Price Index is currently trading at 13,020, the highest level seen since mid-January 2018, having surpassed the Asian session high of $12,919 at roughly 17:30 UTC. With the rise above $13,000, bitcoin has taken the cumulative month-to-date gains to 50 percent and the cryptocurrency...

Buried in Facebook’s Libra White Paper, a Digital Identity Bombshell

The Takeaway Facebook’s Libra white paper includes a brief but potentially seismic nod to digital identity standards. With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID. Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users...

Cortex Launches Deep Learning and AI Network for Decentralized Apps

Cortex has launched a network for decentralized apps powered by artificial intelligence (AI,) according to a news release published on June 26.The company claims this is the first time that AI has been introduced to a crypto network at scale. It is hoped the technology will be used to generate credit reports for the decentralized finance industry and facilitate anti-fraud reporting for exchanges —...

Deutsche Bank: ‘Aggressive’ Central Banks Making Bitcoin More Attractive

The potential interest rate cut by the United States central bank is apparently one of the reasons for the recent surge of bitcoin (BTC), Deutsche Bank exec Jim Reid said in an interview with CNBC on June 26.Reid, the head of global fundamental credit strategy at Deutsche Bank, stated:“if central banks are gonna be this aggressive, then alternative currencies do start...

Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’

Analysis Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of Vanuatu. The Oxfam initiative, named UnBlocked Cash, was conducted in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. The Australian government also supported the program.Tsunamis, cyclones and volcanic eruptions comprise a constant...