Binance, the world’s largest crypto exchange, announced it plans to launch a digital currency ‘Venus’ to outcompete Facebook’s Libra. The exchange said it is looking forward to forming new partnerships with tech giants, corporations, governments, and crypto startups to serve the unbanked, promote low-fee money transfers worldwide, and reshape the world’s financial system. The company...Read More
Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round. The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital,...Read More
Venezuela’s inflation rate topped 130,000% in 2018 as peer-to-peer Bitcoin and Dash transactions reached new all-time highs month after month. Bitcoin Thrives in Broken Economies For the past few years, the Venezuelan economy has been rocked by political and economic instability that has led to shortages of food and medicine, nationwide blackouts, riots and unstoppable...Read More
Despite numerous analysts and crypto worshippers predicting that Bitcoin will surpass the $13,000 mark, the king coin has continued to trade around the $10,000 mark and here are some reasons why. Ponzi Scheme Theory According to Primitive Crypto founding partner Dovey Wan, the Ponzi scheme is responsible for crashing the crypto industry. On JUly 14...Read More
Many experts predict that the U.S. might face another recession as early as next year and by 2021, others foresee another recession and give it a 24% to 83% of happening. In May 2019, the U.S. saw just 27,000 created – affecting manufacturing and small businesses the most heavily, but some industries, healthcare, education, and...Read More
Crypto markets are moving this Monday as the top two aredriving gains. Over $15 billion has been added to total market capitalization sinceyesterday and altcoins are finally sharing some of the love. Ethereum Back at $200 One of the day’s top movers has been Ethereum which has made it back to the crucial $200 level....Read More
Coinone, a Korean based company announced that it will be closing CGEX services on September 18th, 2019, 02:00 (UTC). The announcement stated, “First of all, we would like to thank our customers for our exchange service. Unfortunately, due to our circumstances, we decided that we could no longer maintain service, so we are terminating the...Read More
Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the cryptocurrency world’s top firms like Coinbase, Bitstamp, Genesis Trading, Blocktower Capital, Polychain Capital and Xapo, has seen increased demand from the industry and is aiming to...Read More
Cryptocurrency exchange Binance has announced that it’s launching a project that will develop cryptocurrencies and digital assets pegged to fiat currencies around the world. Dubbed Venus, the “localized” stablecoin initiative will see the firm utilize its existing infrastructure, such as its public blockchain, Binance Chain, and international payment system, “to empower developed and developing countries to...Read More
CGEX, a Malta-based exchange opened by South Korea’s Coinone less than a year ago, is shutting down. The exchange posted an announcement last week saying that all services would be terminated on Sept. 18 at 2:50 UTC. After that date, customers will no longer be able to log in, and deposits and withdrawals will no longer be...Read More
Here’s what happened this week in Bitcoin in 99 seconds. New Zealand’s tax agency, the Inland Revenue Department, released a groundbreaking ruling, stating that salaries and wages may be legally paid in cryptocurrency. Income tax will be applied to such payments as per usual. To qualify, payments must be in regular amounts in cryptos...Read More
The existence of private decentralized cryptocurrencies like Bitcoin has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. TThe argument was put forth in a paper published on...Read More
Binance’s intended launch of a Libra-like stablecoin appeared to buoy markets as Bitcoin reversed previous losses. Bitcoin (BTC) price was returning to bullish form on Aug. 19 as markets look to break out from last week’s sideways trading. Market visualization. Source: Coin360 Bitcoin price builds on $10K support Data from Coin360 revealed Bitcoin challenging $11,000...Read More
Beijing’s state-issued offering might also help keep funds flowing into bank deposits, mainstream media reports. China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay. Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS...Read More
The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be...Read More
Cardano Foundation, Konfidio Partner To Drive Blockchain Business Model Platform Adoption Blockchain, News | August 19, 2019 br>By: David Pimentel The Cardano Foundation has teamed with Berlin-based blockchain venture studio Konfidio to accelerate blockchain models with corporations, small and medium enterprises (SME) and governments. Based in Zug, Switzerland, the Cardano Foundation is an independent body...Read More
The weekend has been largely one of consolidation for crypto markets as Bitcoin has held on to gains to keep it in five figures. Monday morning, however, has seen some bigger moves on altcoin prices as they outperform their big brother in a rare upswing.Crypto Markets Gain on AltcoinsMost of 2019 has seen the altcoins...Read More
Japan’s biggest e-commerce website is officially launching its cryptocurrency exchange. .| Source: Shutterstock By CCN Markets: Rakuten, the largest e-commerce company in Japan which serves well over 1.2 billion individuals globally with its e-commerce and payments services, has officially launched a cryptocurrency exchange. The official statement of Rakuten read: “Rakuten Wallet, Inc., a consolidated subsidiary...Read More
As a new week begins in crypto land a different pattern is forming this Monday morning. After bitcoin spent most of the weekend consolidating above $10k, the altcoins are making all the moves at the moment. Is this a one off or could it be the start of a wider revival for them? Bitcoin Makes...Read More
The Takeaway: Telegram’s long-awaited blockchain, Telegram Open Network, is said to be scheduled to launch Oct. 31, but the yet-to-be-issued gram tokens are already trading in an unauthorized secondary market. Telegram has yet to publicly or formally acknowledge the project, but investors in last year’s $1.7 billion token offering, widely publicized in the press, are...Read More
One of the leading cryptocurrency exchanges Binance, announced to launch a cryptocurrency project “Venus”. The platform claims that it is an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. Binance is also seeking to create new partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects...Read More
Shaikho, who is a new “real” Satoshi Nakamoto, says his idea was a “people’s bank with no boundaries, no nationalities, and no discrimination.” When publishing some text online, some media have the habit/rule to write approximately how long the read is – with the reason we should say. Let me tell you this, reading the...Read More
From the launch of the Sun Network to retain its dominance in the DApp space and completing its incentive plan 2.0 with Tether, Justin Sun’s Tron Foundation can boast a series of development over last few weeks. Recently, TronWallet shared an update on Twitter, suggesting that Bitcoin is the latest addition to the TronWallet. The...Read More
The world’s leading cryptocurrency exchange, Binance, has announced its plans to launch a “regional version” of Facebook’s Libra called Venus. According to the official announcement, the main idea behind the cryptocurrency is to battle the currently established financial hegemony while taking advantage of the company’s well-established position as a leader in the cryptocurrency field. The...Read More
Over the past four days and since producing the Doji candle on the 4-hour chart, we have seen Bitcoin going through a beautiful bullish setting of higher lows. As mentioned in our previous analysis, Bitcoin found decent support by the mid-term ascending trend-line (marked yellow) from below. This setting was ‘roofed’ by the 200 moving...Read More
Although Facebook doesn’t plan to launch its new Libra cryptocurrency and a complementary digital wallet until 2020. But it has already acquired a major global attention. Huge firms in the cryptocurrency space are eager to jump on its popularity and collaborate with the platform. On August 18th, Zengo, one of the a non-custodial keyless cryptocurrency...Read More
Litecoin gains 6.31% in 1 day and goes beyond 75 USD mark. The next resistance of the coin floats at 78 USD. Litecoin has gained 6.31% over the last 24 hours and reached beyond 75 USD mark. The three major price swings have helped the coin to reach 76 USD from 71 USD in a...Read More
Santander, a multinational banking giant based in Spain, is reportedly opening up a special payment corridor that would enable customers in Latin America to send money directly to the US at no cost. At the moment, only clients in Spain and the United Kingdom can use Ripple’s payment solution to transfer money across Europe and...Read More
Binance is launching ‘Venus’ — a cryptocurrency project that it says will be more independent and regionally-focused that its Facebook counterpart. Cryptocurrency exchange Binance has revealed it’s planning to launch a cryptocurrency project dubbed “Venus.” The exchange defines Venus an “independent regional version of Libra,” according to an announcement published Monday. The exchange also calls...Read More
Has the new look and launch of stellar.org bought any smiles for the investors? Well, it is hard to decide on that since Stellar has been trading with a downward movement from quite some time now. However, we might be able to see some growth in the price of XLM. Current Statistics of Stellar: XLM...Read More
