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Bitcoin Hash Rate Spikes to All-Time Highs
Bitcoin's hash rate has hit all-time highs of 398 terahashes per second (TH/s) on March 23, with analysts suggesting miners are turning on their rigs as BTC's price rises. The increase in hash rate is attributed to unused mining inventory coming online and entrepreneurs finding cheap sources of mining. While some have speculated that lower prices forced miners to shut down their rigs, others believe that attractively priced hardware is being bought up by well-capitalized miners.
Hahn Air Becomes First Airline to Issue Blockchain-Enabled Tickets To Passengers
Hahn Air, a leading airline distribution, has just issued Blockchain-enabled tickets to its passengers. Offering the tickets through the platform of their partner, Winding Tree.
Accenture Forms Strategic Partnership with TradeIX, Joining the Marco Polo Network
Professional services firm Accenture has partnered with TradeIX to create new use cases for the buyers and sellers in the trade finance market. TradeIX, a trade finance blockchain startup, previously launched the Marco Polo Network along with R3.
Blockchain Can Empower Organizations to Monetize Their Data and Make Revenue
Many organizations don’t know that they can monetize their data and make a profit. But firms can now apply blockchain for data monetization.
Riot Blockchain Sees Growth in Q1 2020 Despite COVID-19 Disruption
Riot Blockchain Inc., one of the few listed public cryptocurrency mining companies in the United States on Nasdaq, reported financial results for Q1 of 2020, which ended on March 31. The company has seen a small growth in its earnings per share during this quarter. Riot Blockchain previously changed its name from Bioptix in 2017 after shifting its focus from biotechnology to Bitcoin mining. The company’s share price skyrocketed to a $38 high in late 2017, which then fell to $110 after Riot was accused of misleading investors by capitalizing on public interest in blockchain to drive up its share price. These claims have been dismissed on the basis that it was not proven that the company’s name was changed to drive up the share price.
Less Than 2% of the World Has Had Exposure to Bitcoin but BTC to be One of the Fastest Climbs in History
According to an on-chain analyst only less than 2% of the world's population own Bitcoin.
Active Bitcoin Addresses Hit Third-Highest Level in November
The number of active BTC addresses hit the third-highest level in November at almost 19.6 million Bitcoin wallets.
Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ
The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.
NASA is Funding a Blockchain Solution for Space Communication
The United States National Aeronautics and Space Administration (NASA) is funding two US-based companies to develop a blockchain solution to enhance space communication
Bitcoin Price Model Suggests BTC to Reach $200,000 by the End of 2021 Despite Recent Dump
However, upon attempting to reach $20,000 again, Bitcoin was rejected and has plunged below $19,000, and is currently trading at $18,581.
EY Ops Chain: Bringing Transparency and Accountability to Public Finance Management
Blockchain.News sat down with Jimmy Ong, EY Asia-Pacific Blockchain Leader to take a deep dive in EY Ops Chain and EY Blockchain Analyzer. In particular, we explore how EY Ops Chain facilitates a more transparent public finance tracking. Ong also shared an interesting use case when EY Ops Chain enables the tracking of blood in Canada.
Coca-Cola Bottlers Acquires SAP’s Blockchain Technology to Streamline Soda Supply Chain Processes
The current breaking news indicates that Coca-Cola bottlers now is rolling out SAP’s blockchain to make its supply chain more efficient and transparent.
Understanding the Market Structure of Oil and its Correlation with Bitcoin
The price of crude oil dropped below zero for the first time in history. With storage facilities filled to the brim and settlement of May futures contract on Tuesday, the price movement has shocked many. In this analysis, we study the recent history of oil, what drives it price and how it affects Bitcoin.