Cryptocurrencies Mixed as Investors Show Confidence in Blockchain Technology By – Cryptocurrency prices were mixed on Wednesday morning in Asia, with Bitcoin alone edging up among other major digital tokens, and HSBC investing in New York-based blockchain startup Axoni on Tuesday.

inched up 0.18% to $6,435.5 at 10:51PM ET (02:51 GT) on the Bitifinex exchange.

fell 0.71% to $210.12 on the Bitifinex exchange.

dropped 0.9% to $0.51647 on the Poloniex exchange.

dived 1.2% to $50.529 on the Bitifinex exchange.

HSBC joined Axoni’s series B financing round, raising a total of $36 million. The startup said it will use the funds to enhance its data synchronization technology, expand its suite of infrastructure products and to advance an Ethereum-compatible smart contracting language that enables formal verification.

“Distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets,” said Matthew J. Flanigan, COO of HSBC Bank USA, in a statement.

Elsewhere, over a third of German logistics managers said they believe blockchain technology could significantly enhance cooperation in supply chains, according to a Hermes survey.

This comes after nine ocean carriers and terminal operators inked an MOU last week to set up a consortium, with the aim of developing an open digital platform based on distributed ledger technology, according to the Maritime Executive.

Set to be available next month, the platform will allow shippers to digitize and organize their dangerous goods documents and connect with relevant parties to expediate the approval process.

On the flip side, frauds and scams concerning digital currencies continue to be a concern.

Bloomberg reported that U.S. trader Joseph Kim was sentenced to 15 months in prison for mishandling $1.1 million in Bitcoin and Litecoin in 2017, marking the first criminal prosecution involving crypto trading. Kim’s scheme hurt at least five investors.

Recent reports showed that hackers obtained control of the Twitter account of department store retailer Target (NYSE:) on Tuesday, among others. With the accounts, they distributed messages promising to compensate people with bitcoin if they pay in cryptocurrencies. Target said later that Twitter is currently investigating the incident.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.