Sundays are usually tricky for the crypto-market. History has show that whatever direction is set in the markets late on Sunday, might be the tone of the entire coming week. Last Sunday saw the total market capitalization that stood at $390 Billion, start declining into Monday and resulted in us seeing the lowest market levels […]
Key Points Bitcoin price remained in a bearish zone above the $7,000 support against the US Dollar. There is a key declining channel forming with resistance at $7,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to stay above the $7,200 and $7,000 support levels to avoid a...
A massive anti-money laundering action has been carried out by the cyber department of the State Attorney’s Office. It filed an indictment, alleging that Hilmi Git had managed to commit more than 20,000 fraudulent transactions using Israeli credit cards, laundering the money through the Bitcoin network. 1,071 BTC Seized by Israeli Police Halmi Git, a resident of Hebron, has been accused of multiple offenses of credit card fraud, providing means for committing a crime, carrying
Key Highlights ETH price settled below the $600 support level with negative signs against the US Dollar. There is a crucial contracting triangle forming with current support at $580 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may well make the next move either above $600 or below $580 in the...
Key Points Bitcoin cash price remained under pressure and declined below the $1,000 support against the US Dollar. There is a monster bearish trend line in place with resistance near $1,060 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to decline further and it could even break...
Bitcoin price action continues to slide in favor of bears as the cryptocurrency dips below $8,000 for the second time in 7 days and a bear reversal is clearly in play. Market Overview ‘Rumour has it Bitcoin won’t see 10k anymore’ would serve as a suitable alteration to the chorus of Adele’s mega-hit, ‘Rumour Has It.’ It’s obvious that for the time being, bears are in full control of bitcoin price but this time it’s
On the subject of Bitcoin’s viability, there seem to only two conclusions. Either the number one crypto is either here to stay or it is just a fad. Thus, whether you support the “bubble” argument, the “currency of the future” notion or any other position, it all inevitably leads to the “boom or bust” conclusion or at least, so says Grayscale Investments managing director Michael Sonnenshein. Two Mutually Exclusive Bitcoin Future Outcomes According to Sonnenshein,
Crypto traders are calling for more regulatory oversight on a market that has traditionally been sparsely impacted by regulation. According to these stakeholders, “bad actors” need to be eliminated from the industry. By so doing, they believe that cryptocurrencies will become legitimized, thus attracting significant interest from institutional investors. Regulations Will Sanitize the Market Ran Neu-Ner, the CEO of OnChain Capital, believes clearly defined crypto laws will sanitize the market. According to him, such a
Cape Town-based asset management firm Sygnia Ltd. has plans to open a cryptocurrency exchange in Q3 in response to growing interest in cryptocurrencies from investors across the country. SygniaCoin & Sygnia Cryptocurrency Fund The exchange will be called SygniaCoin, and will ‘offer investors a secure trading and execution platform backed by an international infrastructure, well-designed...
A scammer demanded $600 in Bitcoin for the safe return of a North Carolina woman’s dog, hours after the dog had already been found. Bitcoins and Basset Hounds Last weekend, Patricia Howell lost her basset hound, Happy. She quickly took to local online forums and in-town pet communities, posting pictures of the dog and her telephone number while asking people to call her right away if they had seen him. Within a few days, she
TRON is one of the altcoins making a lot of headlines lately. After announcing its imminent main net launch, excitement has taken hold again. It now appears the creator of this project seeks to acquire BitTorrent Inc. It is another step along the way toward creating a completely decentralized internet. BitTorrent Inc is Important Few...
The Bitcoin ecosystem is set to undergo some major changes. One of the bigger upcoming developments is the Lightning Network. Over the past few months, thousands of new payment channels have been established, signalling a major step in the right direction toward mass adoption of this new technology. The Lightning Network Payment Channels Scaling Bitcoin...
The Bolivarian Republic of Venezuela is home to one of the worst hyperinflation crisis in the world. Because of this, citizens are increasingly turning to mining cryptocurrencies to make up for their lack of funds. Cryptocurrency Mining Boom One major reason that crypto mining is booming is because of the country’s energy situation. Electricity, although...
Stablecoins — particularly those backed by fiat currencies like the US dollar — are a hot topic in today’s cryptocurrency industry. Bitcoinist recently caught up with Rafael Cosman, CTO and Co-Founder of TrustToken, to talk about the company’s new USD-pegged stablecoin, it’s relationship to other stablecoins like Tether, and the price spike following TrueUSD’s listing on Binance. Here’s what he had to say. Bitcoinist: TrustToken is a platform to create asset-backed tokens, such as gold to gold tokens
Despite the steady decline in Bitcoin prices, the network hashrate continues to increase astronomically. Why are miners contributing more computing power to mine a cryptocurrency that has struggled over the past five months? Market analyst, Naeem Aslam believes the trend implies an upcoming price increase. Bitcoin Fundamentals and Market Indices at Odds with Each Other From an economic perspective, it makes no sense for miners to spend more money mining Bitcoins when the price continues
Dr. Richard Mark Soley is Chairman and Chief Executive Officer of OMG ®, Executive Director of the Cloud Standards Customer Council, and Executive Director of the Industrial Internet Consortium.
As Chairman and CEO of OMG, Dr. Soley is responsible for the vision and direction of the world’s largest consortium of its type. Dr. Soley joined the nascent OMG as Technical Director in 1989, leading the development of OMG’s world-leading standardization process and the original CORBA� specification. In 1996, he led the effort to move into vertical market standards (starting with healthcare, finance, telecommunications and manufacturing) and modeling, leading first to the Unified Modeling Language TM (UML�) and later the Model Driven Architecture� (MDA�). He also led the effort to establish the SOA Consortium in January 2007, leading to the launch of the Business Ecology Initiative (BEI) in 2009. The Initiative focuses on the management imperative to make business more responsive, effective, sustainable and secure in a complex, networked world, through practice areas including Business Design, Business Process Excellence, Intelligent Business, Sustainable Business and Secure Business. In addition, Dr. Soley is the Executive Director of the Cloud Standards Customer Council, helping end-users transition to cloud computing and direct requirements and priorities for cloud standards throughout the industry. In 2014, Dr. Soley helped found the Industrial Internet Consortium and (IIC) serves as Executive Director of the organization. The IIC was formed to accelerate the development, adoption and wide-spread use of interconnected machines and devices, intelligent analytics, and people at work. The members of the IIC catalyze and coordinate the priorities and enabling technologies of the Industrial Internet.
Dr. Soley also serves on numerous industrial, technical and academic conference program committees, and speaks all over the world on issues relevant to standards, the adoption of new technology and creating successful companies. He is an active angel investor, and was involved in the creation of both the Eclipse Foundation and Open Health Tools.
Previously, he was a cofounder and former Chairman/CEO of A. I. Architects, Inc., maker of the 386 HummingBoard and other PC and workstation hardware and software. Prior to that, he consulted for various technology companies and venture firms on matters pertaining to software investment opportunities. His CV also includes consulting for IBM, Motorola, PictureTel, Texas Instruments, Gold Hill Computer and others. He began his professional life at Honeywell Computer Systems working on the Multics operating system.
A native of Baltimore, Maryland, U.S.A., Dr. Soley holds bachelor’s, master’s and doctoral degrees in Computer Science and Engineering from the Massachusetts Institute of Technology.
A longer biography is available here, and Dr. Soley’s complete CV is available on request. A shorter version is available here.
Trustworthiness is the core of security and privacy. I joined the IOTA project because it’s the right solution for providing trustworthiness — properly and safely distributed — for new architectures like IoT and cryptocurrency. And it’s an honor to work alongside such a brilliant and dedicated team!
We are absolutely thrilled to have Richard Soley join the IOTA Foundation as a supervisory board member and advisor. He has provided us with a lot of valuable insight stretching back to early 2017 already, to have him join in an official effort is incredible and exciting. There are plenty of plans in the making that he is directly involved in. Few people in the world can match Dr. Soley’s list of merits and experience in developing standards in CS and IoT or building organizations and alliances with multiple stakeholders involved. Give him a warm welcome!
Welcome Richard Soley to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
The High Court of Zimbabwe has lifted a ban on cryptocurrencies in the Southern African country. This follows a lawsuit that was filed by a local cryptocurrency exchange which argued that the Reserve Bank of Zimbabwe did not have any authority to declare cryptocurrencies illegal. Contested Jurisdiction On the 12th of May, Zimbabwe’s financial services regulator, the Reserve Bank of Zimbabwe (RBZ), issued a directive to all financial institutions to stop all forms of transactions
The charity initiative Kitties for A Cause was launched by Bella's Kitty den in April 2018 and raised 21.6 ether tokens along with $180 in direct fiat donations.
The South African Reserve Bank (SARB) has announced that disruptive cryptocurrencies cannot be seen as actual currency as they do not conform to the traditional definition of money. Even though digital currencies were first introduced to the world nearly a decade ago, interest and trade have only arguably increased significantly since last year. This has however left authorities struggling to develop regulations fast enough to keep up with the growing demand. One issue that seems
The price of Bitcoin has faced unexpected downward pressure in May as Consensus 2018 did not produce enough enthusiasm for a bullish move. Analyst Willy Woo said the virtual currency may only find its upside in Q3/Q4 2018. Until then, bulls may find bid opportunities at prices as low as $5,500. Bitcoin to Complete Downside...
Revolut, the London-based fintech firm, has added Bitcoin Cash and Ripple to its catalog of supported cryptocurrencies. Thus, customers will be able to buy the two added cryptos from the Revolut mobile app. This move signals the company’s desire to establish itself in the emerging cryptocurrency fintech market. Bitcoin Cash Added to the Mix Revolut was founded in London in 2015 as a fintech firm with a core focus on providing alternative digital banking solutions.
Choosing the most profitable cryptocurrency to invest in can be tough these days, and the decision can turn out challenging. It’s essential to find a coin that’s worth investing in and more and more voices from the crypto market point to EOS these days. Here are the main reasons for which you should consider investing […]
Times have been hard for any Ripple (XRP) HODLer who has seen the coin zoom past the competition and peak at $3.82 on January 4th, only to drop to $0.62 less than a month later on February 6th. This is a big drop in value (84%) for XRP in such a short time period. Some […]
The crypto space is filled with so many tokens and coins that choosing the best one to invest in can become quite a challenging decision. There are thousands of cryptos available on the market, and new ones are being created every week. To make things easier when you are deciding in which cryptos is worth […]
The Ontology (ONT) team uses the blockchain technology and the Internet to explore in-depth levels of the information industry. The team’s plans include developing an open-source distributed trust ecosystem called Triones Consensus System that’s based on the Ontology chain network. Triones Consensus System’s main features The ecosystem is based on two critical elements: ONT which […]
One of the most important banks in Japan, Mizuho, will be sponsoring Neutrino, the first blockchain co-working space in the country. But the interesting fact is that this blockchain space has been established by the Ethereum-based start-up Omise Japan.
A Software patch from the Verge (XVG) development team was uploaded on GitHub just yesterday, May 25th. The announcement was made via Twitter and by Kris Chase who is an adviser for the XVG project in terms of marketing and operations. In the tweet, Kriss informed the Verge Family the following: A patch has been […]
Despite many believing that the previous market recovery during May was what Bill Barhydt – CEO of Abra, stated that the gold-craze and hype will overtake the market again, did not go so well. “I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets […]
The Tron (TRX) MainNet launch is now less than a week away with the current countdown on the Tron website reading 4 Days, 15 Hours and 30 Minutes. This is a short time period. But the Tron Team is working day and night to make this event a possibility with daily updates on its progress. […]
The Big 5 cryptocurrencies received a major boost on the 21st of May, when London based LMAX Exchange announced it will start offering on its exchange, the most liquid and established cryptocurrencies of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH). Crypto trading on the exchange is now a 24 hour […]