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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The Bahamas launches blockchain credentials system

11:05 27 August 2018


  • The Bahamas launches a blockchain-powered credentials system
  • Bank of America has applied for another crypto-related patent 
  • Asia Economy TV plans to show a blockchain-related television show

Over the weekend major cryptocurrencies were moving rather faintly, but Bitcoin increased to above the $6650 handle sending its market capitalization to above $115 billion. On Monday morning, the capitalization of the whole market sits a little below $218 billion. Monday’s trading has started insipidly once again. The cryptocurrency market has seemed to approach some equilibrium point recently. Will the new week confirm this assumption? Today’s newsflow concerns the new Bahamas’ blockchain system, another crypto-related patent application and the Asian television show which is scheduled to start this autumn.

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Let’s move to the Bahamas where national blockchain authorization system has been issued, as reported by “The Nassau Guardian” (the largest newspaper in the Bahamas). Thanks to this system, Bahamas’ inhabitants could be able to verify certificates, academic degrees and others. The new solution may be useful for employers, and it could reduce the red tape. Note that the first virtual certificates (78 pieces) were already created in June.

On Friday, BITCOIN smoothly broke the $6500 handle, and it reached the $6650 mark. The cryptocurrency is trading a notch above this level at press time. BITCOIN seems to be halted by the $6700 level hence it may be a key point in the nearest future. Source: xStation5

Secondly, it is worth noticing that Asia Economy TV wants to broadcast a new blockchain-related survival show. The TV program will be called “Blockbattle - Who’s the Next Satoshi” in reference to a mysterious Bitcoin’s founder naming itself Satoshi Nakamoto, and it will start in the second part of October. “Blockbattle” will be consist of five episodes in which viewers will choose the winner of this TV competition.

At press time, ETHEREUM is still fluctuating in the vicinity of $270, moving a little below the 33-period moving average on the H4 interval (a purple line on the chart) which could be a notable roadblock for ETHEREUM in the next days. Source: xStation5

Last but not least, the Bank of America has applied for a cryptocurrency-related patent. The second largest banking institution in the US wants to patent a special system facilitating cryptocurrencies storage. According to United States Patent & Trademark Office’s documents, the banking behemoth wants to still improve securing private keys in among entreprises. The banking giant applied for many crypto-related patents in the past.

Over the weekend RIPPLE, like Ether, was calming down. On Monday morning, the cryptocurrency stands a notch above the $0.32 handle. Will RIPPLE reach its equilibrium point? Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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