Telecommunications company Telx Technologies has announced the launch of a SIM card which can be used to transact cryptocurrencies via SMS. The agenda behind the project is to enable people to send money internationally without the need for a smartphone, Internet connection or wallet app/address. According to Telx, its launch will be the world’s first...Read More
Bitcoin wallet and blockchain explorer provider Blockchain announced a partnership with the largest bitcoin processor, BitPay. According to a blog post published today, Blockchain will integrate BitPay’s payment architecture into its wallet service. This partnership will allow Blockchain wallet users to pay merchants online or on mobile. BitPay processes approximately $1 billion in bitcoin alone...Read More
Since the announcement of Facebook’s Libra cryptocurrency, the crypto market and even the tech sector has never been the same. It’s got regulators up in arms about Bitcoin, crypto assets are crashing, and the project may not ever even see the light of day. Even partners have started to abandon the project.The post appeared first...Read More
Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. Delivering his speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney said that a Libra-like digital currency could replace the...Read More
The crypto market is highly volatile and assets such as Bitcoin, Ethereum, and EOS experience wild price swings. On cryptocurrency margin trading exchanges, these wild price swings are further amplified by traders trading on up to 100x leverage.The post appeared first on NewsBTCRead More
Bitcoin wallet and block explorer Blockchain, which has more than 41 million users, has revealed today that now has BitPay integration. This new integration now enables Blockchain users to make Bitcoin transactions with any merchant that uses BitPay. “And today, spending crypto from your phone or online is even easier thanks to a new integration...Read More
Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits. Bitmain to Increase its Capacity By 50% Hash rate The battle to produce fast cryptocurrency...Read More
Watch “Bitcoin Joe” Kernen of CNBC absolutely destroy Facebook’s Libra cryptocurrency with five deft punches. | Source: CNBC/YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Facebook’s Libra cryptocurrency isn’t getting any love from CNBC host Joe Kernen, better known on Crypto Twitter as “Bitcoin Joe.” Reacting to a report indicating that founding...Read More
One of the main drawbacks associated with the cryptocurrency market is its highly volatile price activity. The volatility was and still is, considered a major hindrance when it comes to the mass adoption of virtual assets. The introduction of stablecoins was meant to tackle this associated crypto-volatility. However, not all stablecoins operate the same way...Read More
Bitcoin breaks 5-day long up-trend, dropping back to key support levels at $9,800. Since then bullish divergence appears to have formed on lower time-frames and could spur a reversal in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for the XBT/USD pair, we can see the ascending wedge that formed throughout the...Read More
Bitcoin, cryptocurrencies, and blockchain technology have become mainstream terms and are now featured in most dictionaries. Crypto-related terms have a lot of value when they are tethered to a web domain, and these days digital currency domains are prime real estate, with some selling for up to seven figures. Also read: How to Create Non-Fungible...Read More
Margin trading has taken the cryptoverse by storm lately, with Malta-based Binance recently introducing margin trading for a number of cryptocurrencies on its platform. A number of other exchanges have also followed its lead. However, margin trading comes with a lot of risks, and if there is not enough liquidity on the exchange, whales can...Read More
US authorities are on the trail of a duo of Canadian bitcoin scammers who are still at large. | Source: Shutterstock By CCN Markets: Two Indo-Canadians are facing fraud and money laundering charges in the U.S. after they ripped an Oregonian off their Bitcoin worth over $200,000. In a statement, U.S. Attorney in the District...Read More
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods.Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which last week had announced a...Read More
The altcoin action continues today as the majority of the market is in the green. Meanwhile, Bitcoin has stabilized over $10,000 while continuing to lose some of its dominance. Cryptocurrency Market Situation. Source: Coin360 Nevertheless, good news keep coming for Bitcoin – this time from Albion. In a landmark decision, the British law firm Stewarts managed...Read More
Craig Wright, An Australian-born computer engineering expert and the driving force behind cryptocurrency Bitcoin SV, is making headlines again. He once again attempted to prove that he is the pseudonymous person who authored the Bitcoin Whitepaper. On August 22, the most controversial figure in the crypto community Craig Wright – who has been proven to...Read More
Billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. | Source: REUTERS / Danny Moloshok (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even...Read More
Developers will soon be able to test applications on a live version of blockchain interoperability protocol Polkadot. Kusama, an experimental and unaudited version of the $1.2 billion network, was launched on Friday at the tail-end of Berlin Blockchain Week. As highlighted in a blog post by Polkadot creator Gavin Wood, it will be somewhere between...Read More
Billionaire David Einhorn, who has been shorting Tesla stock for years, is demanding that Elon Musk resign amid Tesla’s solar panels fires. | Source: REUTERS / Carlo Allegri (i), EUTERS / Brendan McDermid (ii). Image Edited by CCN. By CCN Markets: Hedge fund billionaire David Einhorn is demanding that CEO Elon Musk resign amid allegations...Read More
Just recently, Amazon cloud service AWS experienced an outage which is causing a service disruption on several Asian cryptocurrency exchanges. Binance is one of the exchanges. In recent news, Amazon has experienced a cloud service outage which has caused several crypto exchanges, including Binance, to report problems. Binance is seeing international problems, the company CEO...Read More
Bitcoin forayed into the financial markets ten years ago and became a benchmark asset to a new wave of trading instruments now known as cryptocurrencies. But for South Africa’s richest woman Magda Wierzycka, it is not worth an investor’s dime.The co-founder & chief executive of financial services company Sygnia Asset Management said in an interview...Read More
The Food and Drug Administration (FDA) may incorporate blockchain to improve drug and medical products reviews and recalls. In a speech at the Office of the National Coordinator for Health IT Third Interoperability Forum, on August 22, principal deputy commissioner Dr. Amy Abernethy, said the FDA is looking to modernize the way health care providers,...Read More
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction...Read More
The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market. According to the...Read More
Bitcoin miners are turning very bullish on the cryptocurrency’s price, according to data analytics firm Skew Markets.The London-based cryptocurrency group explained that miners are increasing their capacity to mine bitcoins, a behavior which typically reflects their interest in boosting their incentives. And the reason why they want to accumulate as much as bitcoins as they...Read More
Bitmain firm, Bitcoin (BTC) mining giant is purchasing more crypto mining chips that could result in a surprising profit of $1.2 billion. Cryptocurrency mining giant Bitmain Technologies will boost its size by roughly 50% in the next six months behind a supreme hardware order as leaked by the nearest source. Bitmain Technologies Targets 50% Capacity...Read More
For the most part, investors abiding by traditional investment strategies have avoided Bitcoin (BTC) like the plague.Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this...Read More
A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay. BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after it failed to allow a $100,000 Bitcoin 00 donation...Read More
Retail and institutional investors alike are increasingly turning to safe-haven assets like gold and bitcoin. | Source: Shutterstock By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian news publication deems the two...Read More
The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief encounters. There is clearly a mass...Read More
