Coin burning is a method by which cryptocurrencies keep their market value high and attempt to offset inflation. When a large portion of a coin’s supply is removed, that coin experiences heightened demand, and as a result, the coin’s price goes up. At least, that’s how it works in theory. In practice, any price increases...Read More
Coinpedia had reported about Bakkt’s Futures Launch. Intercontinental Exchange‘s (ICE’s) Bakkt platform has tweeted about Bakkt’s Warehouse starting this Sept 6. Bakkt’s Warehouse will offer secure storage of customer bitcoin to prepare Bakkt Bitcoin Daily & Monthly Futures launch on Sept 23. Moreover, the platform will enable the physical delivery of Bitcoin with end-to-end regulated...Read More
Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset.You see, during a period of global turmoil, the cryptocurrency has managed to outpace effectively every other asset class in the books.Related Reading: Bitcoin Bull Run “Guaranteed”: Federal Reserve Expected to Cut Rates Into 2020As reported...Read More
Cryptocurrency figures are putting renewed faith in Bakkt to lift markets after the company announced it was ready to launch Bitcoin storage. Bakkt: Bitcoin Storage Starts Next Week Bakkt, a cryptocurrency ecosystem for institutional investors, is currently testing its first product, physical Bitcoin futures. The main launch will begin next month. As of September 6,...Read More
The financial situation in Venezuela continues to evolve in interesting directions. While Bitcoin is still frowned upon in the country, it is also becoming more common. XPay, a cryptocurrency payment processor, is now offering its services in Colombia and Venezuela. As such, pharmaceutical goods can now be purchased with Bitcoin, assuming people are willing to...Read More
Following days of consolidation Bitcoin has reached the end of its pennant formation. The big move that many analysts had expected came a few hours ago, and it was followed by a second slide resulting in a drop towards critical support levels.Bitcoin Dumps $1,000 AgainFor most of this week, analysts have been largely undecided on...Read More
As predicted, a big movement came for bitcoin following a week of consolidation. Analysts have been mixed all week but those that leaned towards bearish were right as the king of crypto plunged back into four figures a few hours ago. Bitcoin Nearing New Low A huge red candle resulted in a dump of over...Read More
Hedera Hashgraph, an enterprise-grade public distributed ledger platform, today announced that Open Access (OA) to its mainnet beta will occur on Monday, September 16th, 2019, allowing any developer from the general public to create an account and build decentralized applications (dApps) on the Hedera Hashgraph platform. OA also marks the beginning of Hedera’s strategic 15-year...Read More
According to a report published by U.S.-based cryptocurrency exchange Coinbase on August 28, 2019, students are becoming more and more interested in digital currencies and the number of courses offered in University on blockchain technology and bitcoin (BTC) is increasing. Crypto Education In August 2018, Coinbase, the most popular crypto exchange, did a study on...Read More
Bitcoin Fees in December 2017 were almost always above $10, sometimes reaching nearly $30. Today we are nearly at the same price and fees have dropped considerably; less than a dollar in most cases. But has Bitcoin actually scaled, or is it just a case of fewer transactions happening on the network? Fees are only...Read More
Hedera Hashgraph, a blockchain-like public network for enterprises, is adding a U.S. financial giant to its governing council. Hedera announced Thursday that FIS Global will become the ninth addition to its 39-member council. Hedera also announced that it intends to launch its mainnet in beta on Sept. 16. The company claims its distributed ledger technology...Read More
DETROIT, MI – SEPTEMBER 10: Professional Twitch streamer Tyler “Ninja” Blevins has had enough of Fortnite, for now. . | Source Rey Del Rio/Getty Images/AFP By CCN Markets: Popular streamer Tyler ‘Ninja’ Blevins has finally given up on Fortnite, or at least, temporarily. Yesterday, as a match of Fortnite came to an abrupt end due...Read More
Bitcoin and a few major altcoins have shocked the market as they have shed significant weight in a considerably short time. Right now, the crypto market prices have lost billions and there is no pointer to a bull run in the near future. The entire crypto market has been in a free fall of sorts...Read More
The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community has already been enduring a banking ban by the central bank. Also read:...Read More
Bitcoin price is down more than 5% and it recently broke the key $9,760 support against the US Dollar.The price is currently consolidating near the $9,500 support and remains at a risk of more losses.This week’s followed bearish flag was breached with support near $10,000 on the hourly chart of the BTC/USD pair (data feed...Read More
Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board. Market visualization. Source: Coin360 The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease...Read More
BitTorrent, the first Binance Launchpad IEO, was issued to power the BitTorrent Speed network with a variety of use cases for the token listed in the whitepaper and subsequent analyses. But as pointed out by eminent crypto VC, Barry Dilbert, most utility tokens act as friction tokens that slow down efficiency and offer no real utility....Read More
Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a...Read More
Today Bakkt revealed that one of the most important pieces of the puzzle is in place. They are days away from securely custodying bitcoin for clients. | Source: Shutterstock For months we didn’t hear a peep out of Bakkt, and now the NYSE owner-backed exchange won’t hush and it’s music to the ears of the...Read More
Almost a month after getting caught misusing our Siri voice recordings, Apple says they’re sorry. Would they be sorry if they were never caught? | Drew Angerer / Getty Images / AFP Apple, who was caught listening to our data earlier this month, just apologized for their privacy violations. In a post to their site,...Read More
Square Crypto, the cryptocurrency branch of Jack Dorsey’s Square, touted the virtues of bitcoin giveaways but didn’t actually give any away. | Source: Shutterstock Square Crypto, the cryptocurrency unit of Jack Dorsey’s mobile-payment company Square, extolled the virtues of gimmicky bitcoin giveaways. But then it didn’t offer to give any away. What a crypto tease!...Read More
Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019. Platform overview BitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) — supports live video content...Read More
Yikes. Bitcoin (BTC) hasn’t been doing too well as of late. But altcoins, unfortunately, have been doing worse.Related Reading: Bitcoin Plunge Through $9,600 Liquidates $144 Million in BitMEX LongsOn Wednesday morning, the victors of the latest tug-of-war between bulls and bears were decided.Within a few minutes’ time, the Bitcoin price shed some $400 to $500...Read More
TSMC, the world’s largest independent semiconductor foundry and chip supplier for Bitmain, is facing multiple lawsuits from its competitor GlobalFoundries (GF). Alleged patent infringement GF, the second biggest semiconductor foundry by sales after TSMC, filed several lawsuits in the United States and Germany, accusing Taiwanese TSMC of infringing on 16 GF patents, according to an...Read More
Bitcoin (BTC) has now further extended its period of consolidation around the key $10,000 support level and has failed to post any sustainable bounce since dipping below this critical support level over the weekend.Analysts are noting that Bitcoin’s technical structure is currently expressing signs of bullishness, with one prominent analyst explaining that he expects BTC...Read More
Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securities According to a press release on Aug. 28, Wethaq’s platform is built on R3’s open source enterprise blockchain...Read More
Controversy continues to surround Tether, as recent market moves have vaulted the crypto into the sixth position on the world’s list of digital assets. As Tether fires up its printers once again, many market commentators wonder if this will lead to a sustained BTC prop above the 10K level. Controversial cryptocurrency Tether continues to make...Read More
The victors of the latest tussle between bulls and bears have been decided. In the past hour, the Bitcoin (BTC) price has plunged, with the cryptocurrency losing key support at $10,000 and $9,800 within a few minutes’ time. Related Reading: The Mysterious $120 Million Bitcoin Buy Wall And What it Could Mean As of the...Read More
As the altcoin market continues to bleed out and sentiment around Bitcoin’s crypto cousins reaches a point of extreme despair, the question about their long-term value has come up often in recent days.The post appeared first on NewsBTCRead More
Telegram has hinted that the first batches of its Gram cryptocurrency will be available to a select group of investors by October 2019 and the Pavel Durov-led firm also plans to make the Gram wallet available to the nearly 300 million users of Telegram shortly, reports The New York Times on August 27, 2019. Telegram...Read More
