News to Know

News to Know

Facebook’s Aging Users & Broke Teens Will Reject GlobalCoin: Report
According to research published on May 28 by cryptocurrency analytics firm Diar, Facebook’s payment-focused coin will fail to gain traction based upon the demographics of the platform’s user base. Despite being one of the largest social media hubs on the web, GlobalCoin adoption will face an uphill battle with Facebook’s aging population.

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  • Ethereum (ETH) Hints at Maximum Pain for Altcoin Market In Months Ahead
    Ethereum (ETH) has been in a downtrend against Bitcoin (BTC) for the most part since the beginning of the year. This spells trouble for the altcoin market just when everyone is expecting the next altcoin season. The weekly chart for ETH/BTC shows a very alarming picture. The price is trading within a descending triangle that has a very high probability of being broken to the downside especially as the price remains below the 21-week EMA.

    Vacheron Constantin to Begin Using Blockchain for Authentication of Its Timepieces
    Mechanical watch brands confront a challenge: How to make a 500-year-old technology attractive in a world obsessed with the latest gizmo. Responses to this challenge include creating devices that optimize a watch’s functioning and offering a continuing parade of designs appropriate to our digital zeitgeist.          Vacheron Constantin, which was founded in Geneva in 1755, has plenty of mechanical enhancements and eye-catching timepieces, but part of its plan to entice clients involves selling watches using Blockchain. The company has announced that it will use the technology to track its famous, vintage timepieces. The move will end the need for paper certification, which can be easily forged.

    Facebook, AT&T, Even JPMorgan are Helping Meteoric Bitcoin Price Rally: BitPay Exec
    BitPay’s chief commercial officer Sonny Singh has predicted that the price of Bitcoin is yet to hit a peak. Speaking on Bloomberg TV, Singh argued that institutional adoption of cryptocurrencies was still at a low level and there was, therefore, more upside potential. Citing the case of Facebook’s yet-to-be-launched cryptocurrency as well as Square’s and Fidelity expected crypto-related products, Singh stated that the rally was just getting started and so far it was ‘just the tip of the iceberg’.

    Decentralizing Bitcoin’s Last Mile with Mobile Mesh Networks
    Bitcoin has been designed to be resilient against not just technological attacks, but also political ones. Cryptography, incentives and decentralization are all tools used to give the Bitcoin network a high level of resiliency. Here I will discuss how communication decentralization is important for Bitcoin’s resiliency and how this feature can be enhanced with alternative last-mile communication technologies such as mobile mesh networks.

    Cloud Giant Salesforce Unveils First Blockchain Product for Business
    Salesforce, the leading provider of cloud solutions for business management, revealed its own blockchain solution today built on the Hyperledger Sawtooth platform. Executives made the announcement at the company’s tech conference, TrailheaDX. The product, named Salesforce Blockchain, is “a low-code blockchain platform that extends the power of CRM (client relations management).”

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