Ripple Joins Hyperledger Blockchain Consortium (CoinDesk.com)
Distributed ledger startup Ripple has joined the Linux Foundation-backed Hyperledger blockchain consortium. Hyperledger announced Wednesday that Ripple is among fourteen companies to join the group, which first launched at the end of 2015 and to date has added more than 200 firms and organizations to its ranks. Also joining the group is CULedger, a separate consortium backed by a group of credit unions that last year formed an industry-focused services company. “Through our partnership with Hyperledger, developers will be able to access Interledger Protocol (ILP) in Java for enterprise use,” Ripple CTO Stefan Thomas said in a statement.
Cardano Could Beat Ripple and Ethereum in Their Own Terrain (ZyCrypto.com)
Cardano is the seventh most important altcoin of the entire crypto ecosystem. It is one of the most complicated projects to understand at first glance, yet it has a dedicated academic team behind it. It is defined as a third generation blockchain, which aims to solve the problems that the rest of the blockchain have not yet been able to overcome. It is curious that even though it is a project in development, it has such a large marketcap and such a strong fan base that even among the masses it has much more credibility than other projects already completed. The enthusiasm it generates is so great that many dare to speak about a” Fever”. Some of Cardano’s followers are ADAliebers, but they are rightly so.
Why Bitcoin’s ‘Death Cross’ May Be a Bear Trap (CoinDesk.com)
Bitcoin risks entering a technical “death cross” soon, but the bearish signal will likely not be as severe as has been made out in reports. A death cross occurs when the 50-day moving average (MA) cuts the 200-day MA from above (bearish crossover), indicating a long-term bear market going forward. As seen on the bitcoin daily chart below, the 50-day MA looks set to dip below the 200-day MA imminently.
CoinDesk Korea to Cover Cryptocurrency & Blockchain Sectors with South Korean Hankyoreh Partnership (CrowdFundInsider.com)
CoinDesk, Inc, a digital media, events and information services company for the crypto and blockchain community, has partnered with South Korean daily newspaper The Hankyoreh to help launch the new CoinDesk Korea. With the new partnership, The Hankyoreh will translate and distribute CoinDesk’s daily news in Korean, while also adding in its own original reporting on the burgeoning blockchain industry. “Blockchain technology is a truly global phenomenon, and with it’s come a growing demand for the daily industry news, research, and insights that CoinDesk has provided for several years now,” noted CoinDesk CEO Kevin Worth.
Australia To Open Public Forum For Feedback On Cryptocurrency Taxation (CryptoDaily.co.uk)
This week the Australian Taxation Office, a branch within the Australian Government have announced plans to open a public consultation in order to gain opinions on how the government should handle the taxation of cryptocurrencies. This perhaps suggests to me that Australia’s government are open to totally free cryptocurrency operations but want to see if the public agrees with them first, a very democratic move indeed. Interestingly though, they do already have a policy in place known as the ‘Tax Treatment of cryptocurrencies’ policy, therefore its doubtful that they would go back on themselves if the public said otherwise, surely?
