Up $1,200: Bitcoin Price Surges Above $8K
Bitcoin’s price has continued to extend its recent rally to a price level beyond $8,000.
At 21:30 UTC today, the price world’s largest cryptocurrency rose as high as $8,195 on Coinbase, marking a 17.4 percent or $1214 increase during today’s trading session.
In the past 24 hours alone, Messari data reveals more than $27 billion worth of bitcoin was traded across exchanges, whereas $2,1 billion was traded solely on the 10 exchanges Bitwise Asset Management identified as the only exchanges reporting honest volume figures.
Microsoft Builds Decentralized Identity Network Atop Bitcoin Blockchain
Microsoft is building a decentralized identity (DID) network atop of the bitcoin blockchain, the tech giant announced on May 13.
In a blog post, the company said the infrastructure, known as the Identity Overlay Network (ION,) is based on an evolving set of open standards developed in conjunction with the Decentralized Identity Foundation.
Microsoft claims its approach addresses throughput issues that mean “the most robust, decentralized, public blockchains operate at just tens of transactions per second, nowhere near the volume a world full of DIDs would demand.” By contrast, the company says its approach means tens of thousands of operations can be achieved per second. In explaining the rationale behind ION.
Kadena to Go Live In October with $3 Billion Asset Manager Onboard
Brooklyn-based startup Kadena will launch a public blockchain this October, the company announced Monday at CoinDesk’s Consensus 2019 conference in New York.
Founded in 2016, Kadena raised over $14 million last year to develop a new proof-of-work (PoW) blockchain network called Chainweb that would seek to offer users high transaction volumes without slowing down network speed and ramping up network cost for users.
Speaking to CoinDesk, CEO of Kadena Will Martino.