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  • Twitter User Claims TradingView Has Ignored a Fibonacci Retracement Bug for 5 Years
    by Adrian Zmudzinski on June 18, 2019 at 12:04 pm

    Popular chart analysis service TradingView contains a bug in the Fibonacci retracement technical analysis tool. Popular chart analysis service TradingView reportedly contains a bug in the Fibonacci retracement technical analysis tool, according to a tweet by self-proclaimed certified Elliott wave analyst Cryptoteddybear published on June 13. The Elliott wave principle is a type of technical analysis for predicting prices in financial markets by looking at recurring patterns. In a video that he uploaded to YouTube, the analyst explains that the tool does linear calculations when in logarithmic charts, which he notes is a significant issue for Elliot wave traders. The official Twitter account of the company behind the charting service answered his tweet, announcing that the issue is being investigated, to which Cryptoteddybear answered: “Thank you @tradingview for finally taking this issue seriously.” The first reports of the bug, posted over five years ago (in November 2014) on consumer community platform getsatisfaction, have been reportedly ignored by the company. Another report submitted on the same platform, dated June 3, 2017, has seen the official TradingView account answer in the thread: “Hi, you are right, we have a planned task to fix this. Thanks for bringing this to our attention.” However, the problem apparently has not yet been solved. Cryptoteddybear claims that a company representative told him that he asked the technicians to increase the priority given to solving the bug. As Cointelegraph recently reported, TradingView is one of the platforms that added the “CIX100” index — an AI-powered index for the 100 strongest-performing cryptocurrencies and tokens. At the beginning of the current month, cryptocurrency analytics company Coin Metrics announced that it has acquired digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes. As of press time, TradingView has not responded to a request for comment. […]

  • Accenture to Sign Blockchain ID Deal With Canada, Netherlands and Aviation Players
    by William Suberg on June 18, 2019 at 11:25 am

    A senior executive at the firm revealed a deal was weeks away from becoming official after over a year of preliminary work. Global accounting giant Accenture will sign a formal deal with Canada, the Netherlands and other parties to use blockchain in identifying travelers. The company’s managing director of capital markets, David Treat, confirmed the move at the Synchronize Europe conference in London on June 18, attended by a Cointelegraph correspondent.Part of its expanding activities in the blockchain sector, Accenture will team up with the Canadian and Dutch governments, as well as Air France-KLM, Air Canada and several airports under a new agreement.Treat will personally ratify the deal, called “Known Traveller Digital Identity,” which aims to tailor travellers’ experiences using biometric data, in around two weeks’ time.“If I’m able to take my user-controlled identity, decide that I actually want to share, so that I can get hyper-personalized service. I want to share aspects of my preferences, my identity with those players [...] in my journey, can I get a better service?” he explained during a presentation.The rollout of blockchain-based ID will effectively allow travellers to inform customs and border control of their biometrics, along an itinerary of their movements, in advance.The scheme originally surfaced in early 2018 around the World Economic Forum, with officials highlighting the need to coordinate traveller data.“Innovation is key to enhancing global competitiveness, mobility and productivity,” Canada’s Minister of Transport, Marc Garneau, commented at the time. He added:“Leveraging new technological advancements can support risk-based approaches to public safety and security, making air travel more efficient while improving the travel experience.”Blockchain has already found other inroads into aviation in particular, with both Air France-KLM and Accenture itself highlighting its potential. […]

  • Digital Asset Partners With Amazon AWS Aurora on Smart Contract Language Interoperability
    by Marie Huillet on June 18, 2019 at 10:35 am

    Digital Asset has partnered with Amazon Web Services Aurora to make its open-source smart contract language more interoperable. Blockchain software firm Digital Asset has partnered with Amazon Web Services (AWS) Aurora to make its open-source smart contract language Digital Asset Modeling Language (DAML) more interoperable. The partnership was revealed in a press release acquired by a Cointelegraph correspondent at the IMN Synchronize Europe Conference in London on June 18.The partnership will enable multi-platform DAML support for various blockchain networks, notably including Hyperledger Fabric and blockchain consortium R3’s Corda, both specifically cited in the press release.Introduced in April 2016, DAML is an expressive language designed for financial institutions and enterprises to model and execute agreements through distributed ledger technology (DLT).Digital Asset’s cooperation with AWS Aurora — Amazon’s cloud storage engine — will enable firms to build applications using DAML and later add them to various blockchain networks. The integration — to be available as of July — is reportedly enabled by Blockchain Technology Partners’ (BTP) management platform Sextant, available on the AWS Marketplace.This will be possible without a change of code, and ostensibly mean that companies do not have to commit to one specific ledger before building infrastructure, the press release notes.After open-sourcing DAML this April, Digital Asset soon announced it was integrating the language with Hyperledger Sawtooth, a modular platform for distributed ledgers, likewise enabled via a collaboration with BTP.The press release notes that integration with Fabric was commercially enabled by HACERA’s Unbounded Network, which connects public and permissioned blockchains across clouds.That same month, Digital Asset partnered with major cloud computing company VMware to integrate DAML with the latter’s blockchain platform.As reported, Amazon has for its part released its own managed blockchain service this April via AWS. This blockchain-as-a-service allows users to create and maintain blockchains with more ease on the Ethereum and Hyperledger networks by automating certain aspects of blockchain management. […]

  • Facebook Releases Cryptocurrency White Paper for Libra Currency
    by Aaron Wood on June 18, 2019 at 9:05 am

    Facebook has released the white paper for its stablecoin project. Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project today, June 18.According to the paper, Facebook’s global stablecoin, dubbed “libra,” will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations.  These assets consist of a basket of bank deposits and short-term government securities that will be held in the Libra Reserve for every Libra that is issued.The website for the digital asset, calibra.com, was briefly down around 5AM EST, about when it went live.The new cryptocurrency will be governed by a not-for-profit, Switzerland-based consortium — the “Libra Association” — which counts Mastercard, PayPal, Visa, Stripe, eBay, Coinbase, Andreessen Horowitz and Uber among its founding members.Facebook ostensibly plans to expand the association to around 100 members by the time of Libra’s launch in the first half of 2020. The white paper notes that:“While final decision-making authority rests with the association, Facebook is expected to maintain a leadership role through 2019. Facebook created Calibra, a regulated subsidiary, to ensure separation between social and financial data and to build and operate services on its behalf on top of the Libra network.”The Libra Association is itself governed by the Libra Association Council. The council’s members initially are the founding members, each of which runs a validator node on the network and was notably required to make a minimum investment of $10 million to seal the position. Each $10 million investment secures an entity one vote on the council, per Facebook.Facebook has also revealed the release of the Libra Investment Token — distinct from its global user-oriented cryptocurrency libra — which can be purchased or distributed as dividends to the association’s founding members and accredited investors.As libra is not technically pegged to any given national fiat currency, the white paper states that users will not always be able to redeem the token for a fixed amount of fiat, although Facebook claims that the reserve assets have been chosen so as to minimize volatility.While the reserve assets are ostensibly held by “a geographically distributed network of custodians” in order to secure decentralization, the reserve is managed by the association itself, which is the only party able to mint and destroy the coin.New libra are minted once authorized resellers have purchased the coins from the association with enough fiat to fully back their value, and burned when authorized resellers sell the token back to the association in exchange for the underlying assets. Moreover, the white paper states:“Since authorized resellers will always be able to sell Libra coins to the reserve at a price equal to the value of the basket, the Libra Reserve acts as a ‘buyer of last resort.’”Facebook further notes that the software that implements the Libra blockchain is open source in order to create an interoperable ecosystem of financial services and broaden inclusion.Previous reports had indicated that the coin will facilitate payments across Facebook’s various platforms including WhatsApp, Messenger and Instagram, giving the new coin potential exposure to a combined 2.7 billion users each month. […]

  • Samsung SDS Tackles Blockchain Adoption Concerns With New Services
    by William Suberg on June 18, 2019 at 8:35 am

    Two new product implementations and a pilot scheme aim to resolve pain points the company unearthed. The IT subsidiary of South Korean tech giant Samsung is launching three new products aimed at addressing clients worries about blockchain, the company confirmed in a press release on June 18.Following what it describes as trouble implementing the technology, Samsung SDS said its new offerings will address core areas of concern among its client base.“When companies apply blockchain technology to their business, they have concerns on  Converging services across various industries, connecting different blockchain technologies [...] easy application and expansion of blockchain in timely manner,” the release states. It adds:“Samsung SDS proposes ‘3C’ solutions to solve such difficulties; Convergence, Connectivity, Cloud.”The products themselves are a blockchain-based “Automatic Insurance Claim Service” for uniting the healthcare and financial industries, a pilot scheme for linking the blockchain platforms of two airports, and a cloud-based implementation of its existing Nexledger platform.The insurance tool should go live by the end of August, Samsung SDS forecasts, while additional partnerships to expand usage of its blockchain suite are also in progress.“We will expand our blockchain business with cloud-based Nexledger Universal to support enterprise customers’ digital transformations,” Jeanie Hong, senior vice president and leader of the Blockchain Center at Samsung SDS commented.Samsung had already formally pledged to build on its blockchain presence this week. According to a report citing vice president Jay V. Lee, the company is interested in transferring to bleeding-edge tech, which includes 6G communications as well as blockchain.In South Korea more broadly, as Cointelegraph reported, enthusiasm around blockchain technology continues to build from sectors including banking. […]