Blockchain Is a New Frontier According to Top Executives, Investment Levels Plummet

There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology.

For example, Research by CB Insights in 2019 indicates that there may be a separation between corporate adoption and corporate investments into blockchain companies. As reported previously by Cointelegraph, blockchain investments have dropped by up to 60% since 2018. However, this decline does not seem to have affected the positive outlook of many executives on the technology, with many showing not only support but a clear understanding of the necessity to adopt blockchain technology in order to stay competitive.

In 2018, PwC conducted a survey of 600 high-level executives in regard to their views on blockchain technology. The research provided some insightful results with some surprising twists. Clearly, blockchain is here to stay and has a very real global presence within enterprise. Most notably, 84% of respondents indicated that their organizations’ processes involve varying degrees of blockchain technology, but at least 25% said their project is either live or in pilot testing.

Research conducted by Deloitte supports this data, with the belief that blockchain has a compelling business case growing among executives — from 74% in 2018 to 83% in 2019. In fact, four out of every five respondents of the 1,400 surveyed indicated that the enterprises around them are either already looking into blockchain technology or already implementing it. How has the state of blockchain adoption in enterprise developed since the initial hype of 2017, and what projections can be understood from the results of these surveys? 

Leading industries

Although the executives surveyed by PwC confirmed that blockchain surpasses the existing boundaries of many industries, 46% of respondents indicated that financial services are the most advanced industry in blockchain development. Less than one in five believe industrial products and manufacturing to be leading the development. 

Related: Blockchain Democratizes a Lot of Things: Hyperledger’s Marta Piekarska

Marta Piekarska-Geater, director of ecosystem at Hyperledger, has also seen a shift from the  initial hype around cryptocurrencies to real-world application in enterprise. She explained to Cointelegraph:

“Now is the time for any organization that wants to help shape the role of blockchain and the DLT technology at play in their business and their industry to get involved. Bitcoin made blockchain mainstream and brought the hype to the field. Now the hype is passing, and we are observing how enterprises are looking at real life solutions using blockchain.”

Additionally, according to Gartner, 82% of reported blockchain use cases were within the financial sector in 2017. This indicates that, although the industry may have been one of the first to adopt blockchain en masse, the potential of blockchain has been realized by a much wider spread of industries for real use cases.

Erik Voorhees of Shapeshift also believes that blockchain application has greater potential than just the financial sector, telling Cointelegraph:

“Blockchains are useful for many types of use cases; basically wherever there is value in decentralizing trust and creating immutable records that no specific person or entity can alter. Money is a great first use case, but other ones include financial products, derivatives, gambling, interoperable gaming, voting, personal information (such as ID or health records), etc. However, sound money is *such* an important use case that it is justifiable for many companies and much of the crypto/blockchain industry to focus purely on this specific application.”

However, research by the Aelf network, an enterprise-ready blockchain platform, indicates that the supply and logistics industry is ahead of financial services in blockchain development. Over 900 companies were identified as having a relationship with blockchain technology, more than 30% of which belong to the supply and logistics industry, compared to less than 25% in the financial industry. This shows a potential disconnect between executives and development across industries.

Region leaders

Coming as no surprise, PwC’s survey revealed that the two regions considered as leaders of this emerging technology were the United States and China. Additionally, the results indicate that blockchain development in China is expected to grow rapidly, overtaking that of the U.S. as confidence in the U.S.’s ability to lead the industry could be waning due to the overall regulatory uncertainty regarding crypto and blockchain. 

Related: Why Is the US Not Yet a Leader in Crypto Regulation? Experts Answer

In an unexpected twist, Australia placed third as the most popular region, with such a position expected to be consolidated over the next five years. More surprisingly, South Korea was not included in the top-eight blockchain leaders.

Leading countries in blockchain development

Top challenges

The top challenge — as seen by almost half of the Deloitte respondents (48%) — continues to revolve around uncertain regulations, although this concern appears to have reduced in 2019, according to Deloitte’s survey.

In regard to other complications, the underlying theme across both the PwC and Deloitte surveys appears to revolve around sensitive data and intellectual property — as well as a lack of trust between users. In fact, this concern appears to have grown in 2019, according to Deloitte, demonstrated by a 20% growth in respondents concerned about the sensitivity of competitive information.

Organizational barriers to greater investment in blockchain

This issue of trust seems to be counterintuitive to blockchain technology, as one of the fundamentals of blockchain is to create a trustless environment. However, many companies have identified that there are still many intersections that require a strong basis of trust. 

Blockchain adoption is harder than expected

According to a CB Insights report published by Bloomberg on July 18, 2020, the support drawn by companies in the blockchain space in 2019 is set to drop by around 60% in regard non-Bitcoin-related projects when compared to 2018 numbers. The total investments for 2019 are expected to hit $1.6 billion — down from the total of $4.1 billion in 2018. Piekarska-Geater provided her opinion on the decrease in investments:

“The decrease in investment is part of the innovation cycle. We are past sticking blockchain into everything (remember the company which saw a massive jump in their market value after adding ‘blockchain’ to its name?) and reaching the stage of cool-headed, balanced evaluation of technology. Developing products and solutions takes much longer and is much more complicated than building POCs, which were basis for getting the funding.”

There is a possibility that the drop in blockchain adoption could simply be the effect of a delayed corporate response to the hype seen in the second quarter of 2017. As Pekarska-Geater mentioned:

“Additionally, last year saw the rise and fall of ICOs and, with those gone, we are back to more traditional methods of investment. However, this also hints at the maturity of the technology. More and more frameworks are reaching the status of being ‘production ready,’ and blockchain networks are more advanced than single node experiments. Many of Hyperledger members have actual live products using our technology.”

Previously, Reuters had reported on a blockchain adoption study, with over half of the respondents (primarily from the fintech industry) overwhelmingly indicating that blockchain adoption proved more challenging than expected. This indicates that many projects will either be delayed or take several months or years at least before completion and implementation.

Related: 10 Things to Track With Blockchain

Samson Mow from Blockstream explained to Cointelegraph that, although people from many different industries are conducting blockchain proof-of-concepts, they should take care to confirm their reasoning behind using blockchain, saying: 

“They should first ask themselves how they plan to secure their blockchain, and if by securing it they plan to just preventing anyone from accessing it — then they may as well use a database. To an end user, what is the difference if they cannot run a node and verify?”

Voorhees believes that each use case is different, and blockchains should be used only when they are needed. He told Cointelegraph:

“The big question should always be, ‘Could this be better handled by a centralized database?’ Many things are better handled by centralized databases, not blockchains. But for those things which need to be ‘unstoppable’ or ‘incorruptible’ or ‘non-manipulatable’ or ‘borderless’… to get these attributes, blockchains are probably required.”

Another — less popular — view regarding the drop in investment is that the numbers don’t tell the real truth. As knowledge of the technology is increasing and enterprises are understanding not only application but also development requirements, there is less demand to outsource research and development of enterprise-specific use cases, and that work is now being done in-house. This would indicate that, although investments in blockchain companies has dropped, development has in fact held strong. 

Further hiding the impact of the numbers is the fact that many startups in 2018 have now established themselves — and require little to no investment to continue the development and application of the technology. As startups mature, they tend to rely less on external investments, instead developing sustainable funding methods of their own.

Established enterprises are the biggest client of future blockchain platforms, not the end user

It goes without saying that the majority of enterprises across all industries could not only benefit from implementing a blockchain solution, but are aware of the benefits and have started to take action toward this end. The industry is starting to see more established enterprises move from R&D into application development.

The Australian Stock Exchange, or ASX, is developing a new upgrade to its main platform, called Chess, through blockchain-focused development company Digital Assets. This project, although well into development since the 2016 prototype, is still not expected to be fully launched before 2021. The Chess computer system will be available to thousands of organizations and brokers that are registered users on the platform, but the application will be managed and run by the ASX.

IBM, in conjunction with Walmart, has implemented a supply chain app called Food Trust and has onboarded numerous global clients across the industry, including in the U.S., Europe and Australia.

Related: Walmart’s Foray Into Blockchain, How Is the Technology Used?

Visa has launched Visa B2B Connect, a blockchain-inspired network facilitating cross-border payments. The network has incorporated elements from Hyperledger and was developed in collaboration with IBM.

Dozens of decentralized applications, or DApps, are being developed and launched across industries but have seen limited adoption. In order for true adoption to occur, it is becoming more evident that it needs to be driven through enterprises and commercial blockchain adoption. With the addition of enterprise support, end users and (ultimately) global adoption will develop naturally.

Source Cointelegraph

Harbor Tokenizes $100 Million in Real Estate Funds on Ethereum Blockchain

The startup Harbor announced a partnership with Seattle-based real estate investment firm iCap Equity to tokenize $100 million in real estate funds.

On Sept. 16, Harbor announced in a blog post that iCap Equity is using Harbor’s blockchain-enabled platform to improve its liquidity in four of its real estate funds which manages over $100 million in assets.

Harbor created the tokens on the Ethereum blockchain, which represent portions of the funds. The partnership between the two companies will allow iCap Equity’s investors and placement agents to buy and sell iCap securities with one another.

Tokenization of the funds will purportedly improve liquidity for real estate investors. Chris Christensen, iCap Equity CEO added:

“iCap provides high-yield investment opportunities for investors, but those investments typically come with a 3 to 5 year lock-up period because they are based in real estate. Now, with Harbor, we are able to provide the same strong returns, but also an option for investors to more easily liquidate if desired.”

Tokenization giving more access to investors 

As Cointelegraph recently reported, the Liechtenstein Cryptoassets Exchange is tokenizing a $25 million movie fund together with Hollywood actor Wesley Snipes. The Daywalker Movie Fund will invest in future movies and TV shows produced by Snipes and his production studio Maandi House. The fund will offer investors a share in the profit of its productions, as well as confer extra benefits such as invitations to movie premieres.

Source Cointelegraph

Galatasaray Is the Latest Big-Name Football Club to Announce a Fan Token

Turkish Football Club Galatasaray Spor Kulübü plans to launch Ethereum-based fan tokens in partnership with blockchain sports fan startup Socios based on sports tokenization platform Chiliz.

Socios announces in a press release published on Sept. 16 that as a result of the partnership, The Lions (Aslanlar) — the only Turkish club to have won a major UEFA competition — will release its fan tokens on its platform.

A blockchain sports platform

Furthermore, the team will also be present on the firm’s blockchain-based, influence and rewards mobile app for football fans. These fan tokens will allow fans to vote in club-delegated polls, taking part in deciding on topics that the club will put up for fan vote.

Polls are expected to concern things such as “new official product designs, matchday activities and in-stadium experiences, as well as sponsorship campaigns and collaborations and social media content.” The number of tokens held by a fan determines the value of their votes.

Also, the more fans interact with the team, the more “rewards they can earn, competing for club-specific once-in-a-lifetime experiences and enjoying exclusive rights.” 

The company also promises that in the future fans will be able to access exclusive leaderboards, games and merchandise.

The Fan Token Offering

The token will be sold through, in Q1 2020 through a process the company calls as a Fan Token Offering. Galatasaray Spor Kulübü board member Dorukhan Acar commented on the development, saying:

“As Galatasaray, we are very pleased to join forces with and start an exciting journey. This new partnership opens a world of new opportunities for us with respect to our fan engagement and global reach as well as being another milestone in our digital transformation strategy.”

The company says that other big-name football clubs including Paris Saint-Germain, Juventus, West Ham United, AS Roma and Atlético de Madrid have joined the Socios platform.

As Cointelegraph reported in May, Chiliz — the sports blockchain company behind Socios — has announced a strategic partnership with Binance Chain, the mainnet of major cryptocurrency exchange Binance.

Source Cointelegraph

Cryptocurrency Payments Processor BitPay Adds Support for Ether

Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH).

Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept Ether for purchases without having to set up any enhancements. BitPay has also made it possible for users to store and use Ether in a BitPay wallet, and for BitPay Prepaid Visa Card holders to top up their debit cards.

Ether joins Bitcoin and Bitcoin Cash

Launched in 2011, BitPay processes payments with Bitcoin (BTC), Bitcoin Cash (BCH) and now Ether. The system converts all currencies to digital money and vice versa. BitPay has purportedly processed nearly $3 billion in payments since 2011. Commenting on the development, Vitalik Buterin, a co-founder of Ethereum, said:

“It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. […] This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.”

BitPay’s security measures and payment restrictions

BitPay has been stepping up its security measures in recent months. In late August, the company introduced new identity verification measures for certain high-value payments, refunds and payouts. The firm now requires that users undergo a one-time verification process that requires the input of data such as their Social Security or passport number, as well as a photo ID.

That same month, BitPay rejected a $100,000 donation to an Amazon rainforest charity as Amazon Watch’s maximum payment limit was set below $100,000. After BitPay advised staff to change it, however, they said that doing so was impossible automatically, and that they must submit separate documentation.

In September, Tom Grundy, founder of crowdfunded media outlet Hong Kong Free Press, claimed that BitPay blocked donations to Hong Kong for several weeks.

Source Cointelegraph

Top-5 Crypto Performers: ATOM, EOS, ETH, DASH, TRX

Facebook’s Libra continues to face opposition from lawmakers and central banks around the world. French Finance Minister Bruno Le Maire said that Europe should consider a European public digital currency to counter the Libra. German Christian Democratic Union parliamentarian Thomas Heilmann said that the grand coalition in Germany has agreed that it will not allow “market-relevant private stablecoins.” 

However, Bertrand Perez, the director general of the Libra Association, stated that the company will satisfy all regulatory requirements and that Libra might launch in the second half of 2020. He said that Libra does not aim to create new money supply, hence, it will not destabilize the fiat currencies that are a part of its basket.

United States Treasury Undersecretary Sigal Mandelker has said that terrorist organizations and their supporters are looking at new ways of raising and transferring funds to evade tracking by law enforcement agencies. She stressed the need to establish a system that will prevent illicit finance in crypto for the United States to work with governments to ensure that “non-compliant networks and fintechs do not survive.” 

With sustained pressure from regulators, let’s take a look at this week’s top performers and see what their charts project.


Cosmos (ATOM) has been a huge outperformer in the past seven days as it has risen over 34%. The rally has helped it climb back into the top-20 cryptocurrencies by market capitalization. Can it continue its stellar run or will it give up some of its recent gains? Let’s analyze the chart.  


Due to a short trading history, we are analyzing the daily chart on the ATOM/USD pair. It hit a lifetime low of $1.9101 on Sept. 5, from where the recovery has been strong. This shows that bulls have used the dip to buy aggressively. After more than an 80% rally within 10 days, the price has now reached the previous support-turned-resistance of $3.6043. 

The recovery might face some resistance at this level but once it is crossed, a move to $4.4389 and above it to $5.7961 is possible. The moving averages are on the verge of a bullish crossover, which indicates a likely change in trend. 

Any dip from current levels is likely to find support at the upsloping 20-day EMA. Our bullish view will be invalidated if bears sink the price below $2.40. If that happens, a retest of the lows is possible. The traders can wait for a pullback to the 20-day EMA before initiating long positions. 


A hacker exploited a bug in the EOS gambling game EOSPlay to steal over $110,000 in cryptocurrency. The hack did not freeze the network, but it caused an overload due to which  “there was just no extra bandwidth available for free use,” according to Daniel Larimer, the CTO at Block.One. However, this event did not affect the price as the cryptocurrency was the second-best performer of the past seven days. The upcoming hard fork on Sept. 23, the largest upgrade to the network since it was launched, has kept sentiment bullish, but what do the technicals projec


The bulls are attempting to push the EOS/USD pair above the descending channel. A breakout and close (UTC time) above the channel will indicate a possible change in trend. However, above the channel, the pair is likely to face stiff resistance at both moving averages and above it at $4.8719.

Once the price ascends $4.8719, it will signal the start of a new uptrend that can result in a move back to $8.6503. The traders can initiate long positions as we recommended in the previous analysis.

If the bulls fail to scale $4.8719, the cryptocurrency might remain range-bound for a few more days. Our bullish assumption will be negated if the price turns down from any of the overhead resistance levels and plummets below $3.1534. Below this level, a drop to $2.20 and below it to $1.55 is possible.


Spanish bank Banco Santander issued a $20 million bond, the first end-to-end blockchain bond, on the Ethereum blockchain. Santander Corporate and Investment Banking said that the whole transaction was faster, simpler and more efficient.
With positive technical news on the Ethereum network, let’s see what the charts project for Ether (ETH).


The ETH/USD pair is attempting to bounce after hitting $163.755 the week before. It has risen above the 50-week SMA and will now attempt to rise above the 20-week EMA. Both moving averages have flattened out and the RSI is gradually climbing back toward the midpoint, which shows a balance between buyers and sellers.

A breakout of the 20-week EMA will be a positive sign that will shift the advantage in favor of the bulls. Above $235.70 the recovery can reach the critical overhead resistance of $320.84. 

However, if the price turns down from the 20-week EMA or $235.70 and plunges below $163.755, it will signal weakness.  


Coinbase Pro announced that it will add support for the Dash (DASH) token next week. The professional trading platform will accept DASH deposits for 12 hours before full trading begins. Dash also received support from Brazilian cryptocurrency exchange NovaDAX and cryptocurrency payments merchant solution PumaPay. These positive developments have kept the cryptocurrency among the top five performers for the second straight week. Can it continue its run? Let’s analyze the chart.


The pullback in the DASH/USD pair is facing selling at the previous support-turned-resistance of $95.4264. Above this level, the bulls will again hit a roadblock at the downsloping moving averages. If the price breaks out of the moving averages, it is likely to turn positive and rally to $162 and above it to $188.5598.

However, if the pair turns down either from $95.4264 or from the moving averages and plummets below the recent lows of $77.9187, it might complete a 100% retracement of the entire rally and decline to $58.49. 

The gradually down-sloping moving averages and RSI in the negative territory suggests a bearish sentiment. Therefore, we will wait for the price to break out of the moving averages before suggesting a trade in it.


According to Cointelegraph Analytics, Tron (TRX) is likely to release an update for the Sun Network. The Sun Network protocol aims to improve the security and efficiency of decentralized applications (DApps). The number of DApps on the Tron network continues to rise according to DAppTotal. Can the price follow higher? Let’s study its chart.


The TRX/USD pair is still struggling near the yearly lows. It is likely to face stiff resistance in the $0.016–$0.01774 zone, which had previously acted as a strong support. The 20-week EMA has turned down and the RSI is in the negative zone, which shows that bears have the upper hand. If the price turns down from the resistance zone and dips below $0.0139038, it can retest the lows at $0.01124. A drop to new yearly lows will be a huge negative. 

Conversely, if the bulls can propel the price back above the overhead resistance zone, it will indicate demand at lower levels. The pair will face resistance at the moving averages, above which it is likely to pick up momentum and move up to $0.0409111 in the medium term. We will wait for the buyers to assert their supremacy before suggesting a trade in it.  

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

Source Cointelegraph

ETH Privacy Startup Aztec ‘Ignites’ Its SNARKs Generation Ceremony

Ethereum (ETH) privacy startup Aztec announced the launch of its zero-knowledge succinct non-Interactive argument of knowledge (SNARKs) generation via a cryptographic ceremony called Ignition.

In a press release shared with Cointelegraph on Sept. 15 the startup also announced the closing of its latest round of investment with participation from A.Capital, Coinbase and Libertus Capital.

A cryptographic ceremony

Per the release, the multi-party computation ceremony is meant “to generate a set of encrypted points which will be used to derive all future Aztec notes.” The process will build an open source “reference string” that the company believes will be used by both Aztec and future cryptosystems. Notably, the data generated will include so-called SNARKs:

“These include universal SNARKs, which will enable an almost limitless range of uses - from fully decentralised private banking to anonymous voting systems.”


Zero-knowledge SNARKs allow to prove that a piece of information is true without revealing anything about it. That being said, a major disadvantage is that SNARKs’ security depends on the secrecy of a seed — a huge, randomly generated number.

If a person were to discover the seed which a set of ZK-SNARKs is employing, he or she would be able to compromise the system’s security. For example, a ceremony similar to Ignition — dubbed “The Powers of Tau” — has been conducted to generate Zcash’s seed as well.

Aztec receives more funding

Aztec also announced the closing of its latest round of investment, in which major cryptocurrency exchange Coinbase and venture capital funds A.Capital and Libertus Capital reportedly participated. Aztec noted that this funding will be used to build various developer tools and “explore incorporation of the universal SNARK known as PLONK.” Aztec CEO Tom Walton-Pocock commented:

“We are delighted to be joined by a roster of leading investors to help bring our private settlements network to market.”

As Cointelegraph reported earlier today, enterprise blockchain startup Kaleido, a part of ConsenSys’s venture studio, became the first to implement crypto privacy firm QEDIT’s zero-knowledge proof solution.

Source Cointelegraph

Bitcoin Fails to Break $11,000 Again, Drops $400 in One Hour

Friday, Sept. 6 — The price of Bitcoin (BTC) is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000.

Market visualization

Market visualization. Source: Coin360

Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an hour of trading. At press time the world’s most popular cryptocurrency is trading at $10,350, down 2.12% on the day.

Bitcoin’s 24-hour price chart

Bitcoin’s 24-hour price chart. Source: Coin360

The upward momentum seen in the 12% seven-day gains excited analysts, however, bullish  sentiments could be short-lived now that Bitcoin has yet again failed to break the $11,000 mark.

Cointelegraph reported earlier that Filb Filb, a popular Bitcoin trader, had pointed to the launch of institutional trading platform Bakkt later in September as a deciding moment for Bitcoin. “Bitcoin continues to consolidate above $10k,” he stated, adding: 

“A lot of people are hoping to get bids filled below $9k; the market rarely gets what it wants and I wouldn’t be surprised if they are forced to buy higher. But let’s see what happens with the launch of Bakkt.”

The number one altcoin Ether (ETH) is also taking a sharp nosedive and is currently trading at $169 per coin, down 2.44% on the day.

Ether 24-hour price chart

Ether 24-hour price chart. Source: Coin360

Ripple’s XRP token, which has been trading completely flat for the better part of the week, is in the midst of a downward price trend showing a loss of around 1.97% on the day. At press time, the world’s third-most popular coin is trading at $0.25.

XRP 24-hour price chart

XRP 24-hour price chart. Source: Coin360

Mostly losers among the top-20 coins

The worst-performing top 20 altcoins are IOTA (MIOTA) down 4.41%, TRON (TRX) down 5% and Algorand (ALGO), which is seeing a whopping 17.73% loss over the 24-hour period at press time. 

On Sept. 1, well-known crypto analyst Josh Rager took a shot at Tron founder Justin Sun and accused him of buying 5,000 to 6,000 Twitter followers a day.

Only three out of top-20 coins by market cap are seeing minor gains at press time, with Bitcoin SV (BSV) showing negligible gains of 0.22% on the day. 

The overall crypto market capitalization is $262 billion as of press time, with Bitcoin’s share accounting for 70.9% of the total.

Keep track of top crypto markets in real time here

Source Cointelegraph

Coinbase, Ripple Leave Top 10 of LinkedIn’s ‘Hottest’ Startups List

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list.

According to LinkedIn’s new list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019.

Crypto startups are falling out

On the other hand, Gemini Trust Company, the custodian of the crypto exchange lead by the Winklevoss twins, and Ethereum (ETH) development firm ConsenSys are not present in this year’s list at all. In 2019, they occupied the 25th and the 26th spots respectively.

Notably, LinkedIn’s 2019 list also includes computer software firm Plaid that specializes in fintech applications and offers its services to Coinbase, Robinhood, American Express, Venmo and other well-known companies.

A major player’s perspective

LinkedIn is arguably one of the biggest job finding and recruiting social media platforms. According to a report published in August by web hosting firm Kinsta, there are 575 million users registered on the platform, and searches for “LinkedIn” have more than doubled in the last 10 years.

It is noted that LinkedIn considers four main parameters during the evaluation process: employee growth, jobseeker interest, member engagement and startups’ ability to attract talent from major companies. According to the new list, the top three startups this year are cloud data firm Snowflake, cannabis dose pen startup Dosist and Internet of Things platform Samsara.

As Cointelegraph reported in February, the Forbes 2019 “Fintech 50” list of the world’s top financial technology firms featured six blockchain companies, little more than half of the amount listed in the 2018 edition.

Source Cointelegraph

Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens

French hardware wallets manufacturer Ledger announced that its cryptocurrency management software Ledger Live now supports Ethereum (ETH) ERC-20 tokens.

In a blog post published on Sept. 5, Ledger announced the version 1.14.0 of its Ledger Live software that now supports over 1,250 Ethereum-based ERC-20 tokens. The update has already been released for both mobile and desktop versions of the software.

More assets to be supported in the future

The Ledger Live application allows users of the company’s hardware wallets such as Ledger Nano S or Ledger X to manage their devices and cryptocurrencies. The firm also promises to add support for more assets in the future:

“While the ERC-20 token integration has brought a plethora of new cryptocurrencies to Ledger Live, we still aim to add even more crypto assets to the platform.”

As Cointelegraph reported, in March Ledger has unveiled vulnerabilities in its direct competitor Trezor’s devices. Prague-based crypto wallet manufacturer Trezor, on the other hand, has responded to Ledger’s report by claiming that none of these weaknesses are critical.

Source Cointelegraph

Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains

Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week

Market visualization. Source: Coin360

Market visualization. Source: Coin360

Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross the $11,000 mark, a price the cryptocurrency has not seen since Aug. 13, but it fell short and corrected down to $10,313. At press time the coin is trading at $10,521, up 1% on the day.

Bitcoin’s 24-hour price chart. Source: Coin360

Bitcoin’s 24-hour price chart. Source: Coin360

Ether is seeing more of a recovery after its price dropped by around 5% yesterday. At press time the coin is trading at $178.93, up 5.7% over the 24-hour period.

Ether 7-day price chart. Source: Coin360

Ether 7-day price chart. Source: Coin360

Earlier this week, Ethereum developers said on a conference call that the testnet activation of the Istanbul hard fork has been pushed back to early October. Ethereum co-founder Vitalik Buterin previously said that the blockchain is nearly full, which could deter new adoption by potential Ethereum contributors.

Ripple’s XRP token is seeing some mild gains on the day after seeing a dip on Sept. 7. The token is currently trading at $0.260, up 3.87% on the day. 

XRP 24-hour price chart. Source: Coin360

XRP 24-hour price chart. Source: Coin360

XRP’s issuing firm Ripple recently fell out of the top-10 of employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. Ripple moved from 7th to 28th place while cryptocurrency exchange Coinbase was downgraded to from 3rd to 29th.

Altcoins prices are rising as well

Several of the top-20 altcoins are seeing significant gains at press time, led by EOS which is trading at $3.61, up nearly 12% on the day. TRON (TRX) is up 8.53% to trade at $0.015, while Litecoin (LTC) has seen a 5.51% increase and is trading at $69.06 at press time. 

Bitcoin is showing strong market dominance at over 70% while Ether and XRP follow it at 6.99% and 4.11%, respectively. 

Bitcoin, Ether and XRP Market Dominance. Source: Coin360

Bitcoin, Ether and XRP Market Dominance. Source: Coin360

Market capitalization of all cryptocurrencies on Coin360 is over $268 billion at press time, up from $263 billion at the beginning of the day.

Keep track of top crypto markets in real time here

Source Cointelegraph