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The company founded by Joseph Lubin, ConsenSys, has announced that it will spin off its health division. The new ConsenSys Health company will develop blockchain use cases to tackle issues in the U.S. healthcare industry and per ConsenSys, blockchain can improve on this by addressing the rising costs of research and administration.

Blockchain technology will also improve this by making data sharing safer and faster, expanding access to care and engaging patients directly.

The use of blockchain is expanding as China and other countries are seriously developing the technology by using and testing it in many sectors.

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Over 3.1 billion transactions were broadcast across two dozen cryptocurrency networks during the past ten years. According to the research, conducted by San Francisco-based Blocknative, the twenty-four blockchains together have facilitated over 4.6 trillion dollar in aggregate transfer value from 2009 to 2019, 96% of which occurred between 2017 to 2019. 259.2 million BTC transactions were recorded in 2019 and 242.8 transactions on Ethereum on the same year.

There is also an increased number of cryptocurrency transactions in Africa, Lagos to be precise as many Africans are buying idea of a digital asset and are heavily investing in the foremost cryptocurrency, Bitcoin. Remember that Africa has been said to be the next big destination for cryptocurrencies.

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A former Wall Street executive, Caitlin Long, who has helped Wyoming enact 13 blockchain-enabling laws, is establishing the first crypto bank in the U.S. named Avanti. The Wyoming-based bank is a collaboration with Blockstream, a global leader in Bitcoin and blockchain technology.

According to Caitlin, Blockstream is the ideal partner for serving big institutional investors that require regulated banks to deliver their services around Bitcoin in USD markets.

The popularity and usage of bitcoin will increase even the more with the establishment of a cryprocurrency bank in the United states as many nations will want to key into the crypto space since USA is not against it.

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According to a report by United States bank JP Morgan Chase, blockchain developments are laying down the foundation for digital money, the groundwork for mainstream adoption of blockchain as fast payments and digital currencies is already in place.

However per the report, the adoption of blockchain in banking is three to five years away and it also notes that the crypto market is showing signs of maturity such as increasing institutional participation and the introduction of new contracts on regulated exchanges.

I have always said that crypto and blockchain are here to stay and as can be seen even banks are adopting the blockchain technology and central banks are going for Central Bank Digital Currency.

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Juventus has signed a partnership deal with blockchain-based digital trading card platform Sorare. The deal is aimed towards offering fans rare digital trading cards of world-famous players such as Cristiano Ronaldo, powered by Ethereum’s ERC-721 standard.

Cards featuring Cristiano Ronaldo launched on Thursday February 20, 2020 but the firm has not disclosed the launch date for cards featuring other Juventus players.

The Blockchain technology has risen to the extent where almost all big organisations are now using the technology including financial services organisations and this has made LinkedIn's position that blockchain will be the most sort job this 2020 true.

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Canada-based e-commerce giant, Shopify, has joined the Facebook-led Libra Association in a bid to “improve commerce.” Shopify has reportedly helped over one million business open stores online.

Via a blog post, the company revealed it became a new member of the Association and that it will work to “build a payment network that makes money easier to access and supports merchants and consumers everywhere.” The blog post in part reads:

“We’re excited to be part of the Libra Association and look forward to how the project may improve commerce everywhere.”

Shopify also stated that its mission is to “make commerce better for everyone” and that to achieve it, it spends time looking into how it can improve where money and banking “could be far better.”

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The organization behind the JPEG picture format believes blockchain could be used to verify images and flag fakes and image theft.

The Joint Photographic Experts Group (JPEG) said blockchain has "great potential" as the basis of a system that would use a combination of encryption, hash signatures and watermarking in an image's metadata to protect copyright. JPEG however said it would continue consulting with industry figures before moving any further with the plan in order to get the facts right.

Following the boom in the blockchain industry as more and more tech giants keep porting to blockchain technology, the innovation will soon be a house hold name in firms around the globe. Remember that LinkedIn rated Blockchain as one of the most sort and paid jobs on the platform.

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Dan Pena, an American businessman who goes by the full name Daniel Steven Peña claims to know who the person behind bitcoin is. He believes bitcoin is a Russian conspiracy designed to overtake the world financially, and the man behind Bitcoin is Russian President Vladimir Putin. He also claimed that BTC would inevitably go down to zero. However, the American businessman did not have any proof to back up his claims.

The value Bitcoin now has made people grow curious about the flag cryptocurrency making people like Satoshi Nakamoto and Craig Steven Right claim the ownership of Bitcoin. This is however making ascertaining the real creator of the number 1 cryptocurrency hard.

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The innovation arm of financial services giant Fidelity, Fidelity Center for Applied Technology (FCAT), is looking for a Bitcoin engineer amid plans to scale the company’s cryptocurrency mining operations. This engineer will design, build and maintain the infrastructure that will run and scale Fidelity’s Bitcoin mining operation. Fidelity first started mining Bitcoin in 2014 with the purpose of studying the cryptocurrency market.

It is no longer news that cryptocurrency is taking over the whole financial market while benching fiat currencies. Cryptocurrencies are now regarded as digital assets with bitcoin holding the place of digital gold as the most valuable and foremost cryptocurrency.

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Customers of Norwegian Air will soon be able to pay for flights using cryptocurrency. Stig Kjos-Mathisen, CEO of Norwegian Block Exchange (NBX) said his crypto trading platform had successfully developed payment infrastructure that will allow customers on Norwegian Air to purchase tickets with digital assets.

NBX aims to roll out the new feature to Norwegian customers sometime this spring. Following the success recorded by bitcoin and other cryptocurrencies, organisations and companies are really adopting the crypto features and adding them to their businesses.

It should also be noted that many online platforms including hosting companies, ad companies and online stores now accept cryptocurrency payments.

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Coinbase has become the first “pure” cryptocurrency firm to become a Visa principal member. This lets Coinbase issue debit cards for other firms, cut out middlemen for its own debit card, and more.

The membership was reportedly officially awarded in December 2019, but was just revealed to the public.

This lets Coinbase issue its own Visa cards while cutting expensive middlemen. The firm offers users a Coinbase Visa card that lets them pay with crypto everywhere Visa is accepted, and supports nine cryptocurrencies including bitcoin, ether, bitcoin cash, Brave’s BAT, litecoin, and others. It’s available in 29 countries.

Being a Visa principal member means Coinbase can issue debit cards for other companies, although the exchange claimed it isn’t planning on doing so for now but plans to upgrade its Coinbase Visa card which was launched in April 2019  to reduce its fees.

According to Zeeshan Feroz, CEO of Coinbase UK, the Coinbase Visa card aims to help users' crypto holdings become more liquid, as before users had to sell the funds to withdraw them and later on spend them. He said:

“What the card is trying to change is the mindset that crypto is tucked away, takes two days to access, and can actually now be spent in real time.”

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Paxful, a peer-to-peer (P2P) bitcoin trading platform has reported $1.6 billion worth of global trading volume for 2019, driven by growth in Africa. Paxful's African volumes increased by over 57% in 2019, while overall it has seen a "steady" growth of over 25% year-on-year since its inception in 2015.

The platform claims to be servicing over 3 million wallets, 45% of which are from Africa. Paxful hopes to further increase its volumes from the continent. Paxful said Nigeria, Ghana, South Africa and Kenya are among its leading markets.

Paxful lets you trade bitcoin safely without the fear of getting scammed or duped. The founders are Artur Schaback, Ray Youssef and it is headquartered in Newyork.

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U.S. Presidential candidate Michael Bloomberg has proposed creating a regulatory framework for cryptocurrencies in a new financial plan. The plan includes clarifying which agencies oversee the crypto space, and creating a framework to clarify when tokens are securities.

Michael Bloomberg who entered the race in November 2019, proposed the creation of a “clear” regulatory framework for cryptocurrencies.

Per a financial reform plan published on his campaign’s website, Bloomberg is proposing the creation of a regulatory sandbox for startups and providing a “clear regulatory framework for cryptocurrencies.” According to the proposal:

“Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped.”

The plan continued that “for all the promise of the blockchain, bitcoin, and initial coin offerings” there’s fraud and other criminal activity taking advantage of people. It recommends clarifying which agencies would be overseeing the cryptocurrency space, and creating a framework to clarify when tokens are securities.

It also goes into clarifying the cryptocurrency tax regime and calls for greater consumer protection and for financial institutions to have to monitor risk exposure.

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Bittrex made two big Bitcoin (BTC) transactions, moving coins from its main exchange to another wallet, before sending them back to its original wallet. The Crypto exchange almost paid nothing for the transaction. Yesterday, the exchange moved 48,952 BTC, worth $491 million at the time, according to blockchain records. But despite these two huge transactions, the cost was minimal. The exchange paid $0.67 in fees for the first transaction, and $0.84 for the second— totaling just $1.51.

Bitcoin is making everything so easy and cheap but the question remains if this less money charged during Bitcoin transactions will the the digital currency's growth.

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Europe will be in the list of early blockchain adopters as a result of a new initiative by the Union of European Football Associations (UEFA). UEFA will distribute over one million soccer match tickets through a blockchain-enabled mobile application. The football organisation claims that this new ticketing system will make “entry into the stadium smooth, safe and secure.”

UEFA also stated that digital ticketing will help curb paper consumption and be more convenient for soccer fans.

The rate at which blockchain technology is growing can no longer is alarming and if your country is not yet adopting this technology, it was for an alarm in your country because the rest of the world are leaving you guys behind. In Africa, the blockchain technology is in a sorry state of affairs.

From TestBoo - https://testboo.com/blockchain-news/one-million-uefa-tickets-to-be-distributed-through-blockchain/

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In a move to prevent the spread of the deadly coronavirus, China has decided to sanitize its old banknotes. According to many crypto proponents, China putting its money under quarantine is one of the many reasons why the world needs Bitcoin (BTC), a decentralized and permissionless cryptocurrency. Stacy Herbert, a television presenter who co-hosts 'Keiser Report' together with early Bitcoin (BTC) adopter Max Keiser, reacted to China's recent move and tweeted that Bitcoin "doesn't get quarantined".

These days, even the deaf and blind knows about bitcoin as it's popularity has soared making many people want to invest in it. Some people are keeping it in their wallets now as digital assets just as Gold and Diamond are kept and valued.

It should be noted that the Era of cryptocurrency is here and nothing can be done to stop this financial evolution.

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Jaguar Land Rover has just teamed up with the IOTA Foundation in order to use the DLT solution to help develop a number of innovative technologies which are focused on fighting against some of the problems faced today in the motor industry. One of Jaguar Land Rover software engineer said that the team is going to help track potholes all over the United Kingdom and Ireland.

Distributed ledger technology is making waves in the tech sector as many tech giant companies are adopting this technology at a great rate. It is a next generation technology.

Jaguar Land Rover Automotive PLC is the holding company of Jaguar Land Rover Limited, a British multinational automotive company with its headquarters in Whitley,United Kingdom.

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The Galaxy Digital crypto merchant bank CEO Novogratz believes Bitcoin (BTC) has the potential to reach and even surpass its all-time highs of $20,000 by the block reward halving in May. While acknowledging altcoins had beaten BTC in terms of returns since Jan. 1, Novogratz said that Bitcoin had “found its own lane” as a unique store of value.

Acknowledging bitcoin potential, he told, Bitcoin is probably the best new brand of the past eleven years, a $200 billion market cap for a line of code that came out just eleven years ago

The rate at which Bitcoin is going, it might end up been the  most priced asset in the world soon. God and Diamonds might still be highly valued by then but not as much as Bitcoin will be. This is the future for you!

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Electronics giant Samsung has confirmed that support for cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), is coming to its new line of smartphones. On its web portal describing the features of the Galaxy S20, Samsung says new generation will include the company’s proprietary app that allows users to store private keys for BTC, ETH and Ethereum-based ERC20 tokens. Samsung first released Blockchain Keystore in early 2019.

I knew it will only take time for tech companies to start implementing Crypto and Blockchain features in their products but i never knew it will come this soon. This move by Samsung will eventually wake up other phone manufacturing companies to start implementing these features unless they want to be left out.

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Thanks to SegWit and payment batching, Bitcoin's average fees have plummeted to $0.50 and are down from the $20 we saw in December 2017. SegWit seems to be working and exchanges have also been batching their transactions more, which has helped keep fees manageable. Although Bitcoin’s throughput remains relatively low, the dropoff in fees is a positive sign that the leading cryptocurrency is slowly scaling to meet demand.

It is of no doubt that cryptocurrency is taking over from the fiat currencies and that by 2030 there would have been a full blown use of cryptocurrenceies and digital assets across the globe God willing. The fact that Bitcoin Average Fees Reduced by 4000% is a sign of a better future.

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On Wednesday, February 12th, two letter bombs exploded in two post offices in the Netherlands. They were sent by a Bitcoin Extortionist to businesses in the Netherlands in an attempt to get an undisclosed amount of BTC out of them, by threatening to keep sending more until they paid.

According to Telegraaf,  the person behind the scheme was using letter bombs to demand an undisclosed amount of BTC. So far this year over half a dozen letter bombs have been sent to locations in Amsterdam, Rotterdam, and Utrecht, although it’s unclear whether the cases are connected.

The two bombs that exploded yesterday were sent to the sorting office of Dutch bank ABN Amro in Amsterdam and to the post room of Japanese electronics firm Ricoh in Kerkrade. There were no reported injuries and more details weren't disclosed.

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Those behind the alleged crypto Ponzi scheme PlusToken have started moving $120 million worth of bitcoin to various addresses, in a move believed to be preceding a large-scale selloff.

Over 12,000 bitcoin associated with the alleged cryptocurrency Ponzi scheme PlusToken have been moved to what are believed to be cold wallets.

The $120 million worth of bitcoin were split into around 600 addresses with 5 to 40 BTC in them each. Some speculate those behind the alleged scheme may be looking to hide their tracks on the blockchain to be able to cash out easily.

PlusToken is said to be one of the largest scams (Ponzi) in the cryptocurrency space to date, having allegedly taken nearly $3 billion from cryptocurrency users looking to earn on their investments. The group claimed to have had around 4 million users, and so far six suspects associated with it have been arrested.

It was presented to investors as a South Korean cryptocurrency exchange offering high-yield investment opportunities to its users.

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Crypto exchange Binance’s peer-to-peer (P2P) trading platform has added support for Russian rubles (RUB). It allows users to buy and sell bitcoin (BTC), ether (ETH), Tether stablecoin (USDT) and Binance’s native coin (BNB) directly with rubles. Binance’s P2P platform supports Chinese yuan (CNY), Vietnamese dong (VND), and now rubles.

P2P platform allows trading between people, even when crypto trading is banned in a certain country or jurisdiction.

Russia is a major market considering it as a developed country and one time world power which will make the use of cryptocurrency to spread faster than we can even imagine.
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Japanese officials have been calling for the development of a digital yen in the next 2-3 years as concerns over China’s digital currency initiative and Facebook’s Libra Association keep growing.

A senior lawmaker from Japan’s ruling Liberal Democratic Party, Kozo Yamamoto, called for the development of a digital yen within 2-3 years to counter the digital currency initiatives of Facebook’s Libra Association and China.

Yamamoto said a draft proposal for the development of a digital currency is set to be included in the Japanese government’s policy guidelines to speed up the process.

The Lawmaker said:

“The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years.”

Remember that a group of Japanese lawmakers proposed the creation of the digital yen over similar concerns. Yamamoto will be working with those lawmakers to push the government to adopt a digital currency proposal reportedly.

The proposals have shown that Japan is getting serious about developing a digital currency and adopting the blockchain technology fully. Many central banks around the Globe have started looking into launching central bank digital currencies (CBDCs).

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Ukrainian authorities said that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party regulations. The Ministry of Digital Transformation of Ukraine stated that mining does not require regulation by state authorities as this activity is regulated by the protocol itself and network members.

The agency further outlined that it will contribute to the development and implementation of decentralized technologies.

The Blockchain technology and cryptocurrencies are really gathering wild range of adoption in recent times. It should be recorded also that the United States Navy ran to Blockchain to keep messaging secret.

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Total interest on ICE-backed Bakkt Bitcoin Futures contracts had touched a new all-time high of $13 million. Open Interest represents the total open positions held by market participants on the exchange. Since an increase in Open Interest highlights capital flowing into the market, market sentiment could be more bullish for investors on the Bakkt exchange.

As per report volume on the exchange for its monthly Bitcoin Futures has been steadily rising since the start of the year.

According to Bakkt's About Us Page, it's "mission is to expand access to the global economy by building trust in and unlocking the value of digital assets."

While trying to categorize Bakkt Bitcoin Futures, it further explained that "Bakkt Trust Company LLC, a subsidiary of Bakkt Holdings, LLC, is licensed by the State of New York to provide custody of bitcoin and is a qualified custodian under applicable laws. Registered with the Financial Crimes Enforcement Network (“FinCEN”), Bakkt Trust Company complies with FinCEN’s applicable regulations and guidance."

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The world’s only financial rating agency providing grades on cryptocurrencies, Weiss Crypto Ratings, has upgraded Bitcoin’s overall rating to an “A". This is due to “improving fundamentals” and the expectation bitcoin’s price will increase as we get closer to the halving event, set to occur on May 12th.

The halving event will reduce block rewards on the Bitcoin blockchain, from 12.5 BTC per block to 6.25 BTC per block. Some analysts believe the inflation cut will bring bitcoin one step closer to being digital gold, and will remind investors of the cryptocurrency’s scarcity.

According to the firm, a cryptocurrency’s overall rating is a “comprehensive, balanced overview of all factors, based on a complex algorithm,” with the “A” rate being interpreted as “excellent.”

Weiss Crypto Ratings via tweets predicted bitcoin’s price should surpass its 2019 high after the halving, although it may first suffer a short-term correction.

Weiss Crypto Ratings take various factors into account which includes potential risk and reward, a cryptocurrency’s technology and adoption, and its market performance. It should be noted that Weiss Ratings has decades of experience in the financial sector.

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FTX Adds Derivatives Contacts for U.S. Elections - Cryptocurrency derivatives exchange FTX is adding futures contracts for investors to trade on the U.S. Presidential Elections, with the TRUMP-2020 (TRUMP) contract already on the market.

The exchange also announced it’s planning to release five additional 2020 presidential election-based futures products, with an FTX representative. It will be coming out with similar contracts for the top five Democratic candidates.

This means the firm is launching futures trading products for Joe Biden (BIDEN), Elizabeth Warren (WARREN), Bernie Sanders (BERNIE), Pete Buttigieg (PETE), and for Mike Bloomberg (BLOOMBERG).

The TRUMP contracts expire to $1 in case Donald Trump gets reelected in the upcoming elections, and to $0 if he isn’t reelected. To get elected, a candidate will need 270 or more electoral votes, and FTX will settle the contracts if all major media outlets – including Fox, CNN, and the New York Times – have projected a specific candidate will be the winner before all states release their official vote counts.

From TestBoo.com - https://testboo.com/crypto/ftx-derivatives-exchange-adds-derivatives-contacts-for-u-s-elections/

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Government officials in Germany say several banks have filed a request to launch a digital asset custody business now that Bitcoin, Ethereum, and XRP are legal for banks to hold. BaFin, the nation’s financial regulator, says it has received over 40 applications from parties interested in offering cryptocurrency custody services.

Germany’s updated Money Laundering Act permits banks and other local financial institutions to provide and manage digital assets.

Following the rise in daily Bitcoin usage alongside other cryptocurrencies, many banks around the globe will still ask for such powers including in Africa which is thought by people to be an underdeveloped zone.

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According to the latest report by Blockchain analytics firm Glassnode, using innovative data science methodologies, researchers have determined that around 23 million entities hold bitcoin. The Glassnode approach is able to resolve one of the factors that make the address approach false. The firm is able to map multiple addresses to its single owner.

The number of New Entities refers to the numerical value of the unique entities that appeared for the first time in a transaction in the Bitcoin network.

The sharp increase in the price of Bitcoin has led to many people picking more interests in Bitcoin from Buying, to Selling and Holding.

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Bitcoin Will Become Closer to Digital Gold - Coinbase pushes the “Bitcoin as digital gold” narrative, in a blog post ahead of May’s upcoming halving event. After the May 2020 halving, mining rewards for each new block, mined approximately every ten minutes, will reduce to 6.25 BTC.

This will bring the supply issuance of Bitcoin to a rate of around 1.7% per annum. Stock-to-flow (S2F) is a measure of new supply rate over total supply and Coinbase notes that Gold’s stock to flow is higher than any other metal commodity and post-halving, Bitcoin’s S2F scarcity will be on a par with gold’s.

According to Coinbase's blog post, "In 2013, one bitcoin could buy a mere .01 ounces of gold. At the time of writing, one bitcoin can buy over 5.5 ounces of gold, at a current Bitcoin price of ~$8.5k. Even compared to gold, bitcoin’s value has significantly increased this past decade. Bitcoin is scarce like gold. Producing new bitcoin requires a great deal of work (aka “proof of work”) by a process called mining. "

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Bitcoin Price Hits $10,000 for the First Time in 2020 - After almost six months of waiting, Bitcoin investors get treated to $10K once again, as BTC/USD caps year-to-date returns of nearly 40%. Bitcoin (BTC) has smashed $10,000 on Feb. 9, capping a momentous first month of 2020 to reach its highest level since October last year.

The upward move pushed Bitcoin's market cap up to $182.6B and bitcoin dominance is 63.7% of the total cryptocurrency market cap. Over the past seven days, Bitcoin has seen a rise in value, as it gained 8.5%.

Bitcoin is still shocking a whole lot of people with its current price. The number one cryptocurrency has been adopted my many people globally leading to its recent price hike. Other cryptocurrencies are also following suit with cryptos like Ethereum and Ripple hitting heights too.

From TestBoo.com - https://testboo.com/crypto/bitcoin-price-hits-10000-for-the-first-time-in-2020/