China’s upcoming digital currency is reportedly going to be very similar to Libra in terms of network design, but it will take a more holistic approach to find harmony between money-laundering prevention and anonymous payments. EJ Insight reports that the country initially set up a research team to launch a digital currency back in 2014,...Read More
The hype surrounding the imminent launch of Bakkt’s physically settled Bitcoin futures platform may not be unwarranted, as it now appears that some of the biggest BTC whales in the market are transferring their massive holdings into Bakkt’s warehouse custody solutions.Assuming that the platform’s launch is met with great utilization, it is highly probable that...Read More
Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value...Read More
Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000. Market visualization. Source: Coin360 Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an...Read More
Jennifer Bailey, the vice president of Apple’s payments service, Apple Pay, said that the company was watching cryptocurrencies closely as they believe it has long-term potential. The company claims that Apple pay processes about one billion transactions every month. With such a wide reach, Apple’s move to crypto, similar to Facebook, will be a huge...Read More
Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding. $2.33 million to expand services On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group, with participation...Read More
When we talk about an open playing field in the Bitcoin ecosystem, price predictions on the asset’s future generate the most attention. Bitcoin has been around for little under a decade, and the limited time-period often leads to contrasting predictions. Personalities in the space are often predicting the price based on different factors, as the...Read More
Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment. Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release...Read More
September 6, 2019 21 Views This past Thursday, dapp.com closed a $1 million Pre-A Investment round led by Hashed, a South Korean blockchain VC firm, and Du Capital. Dapp.com provides data analytics for decentralized app products built on blockchains such as ethereum, EOS, tron, steem, and others. In a statement, Dapp.com Founder and CEO, Kyle...Read More
Overnight Bitcoin (BTC) was able to incur a significant amount of upwards momentum that sent it shooting past its previously established resistance level around $10,800, and any extension of this upwards momentum is highly likely to send the crypto into the $11,000 region in the very near-future.This upwards momentum has also allowed Bitcoin to begin...Read More
Bitcoin price has posted positive returns every quarter this year till date. Last time this happened, we saw BTC hit $20,000 in 2017. Is bitcoin preparing to repeat history then? Bitcoin Hit Green in All Quarters This Year Bitcoin is quietly inching towards the $11,000 price mark, as the contents of this piece are being...Read More
Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide. Another region that’s seen a massive influx of BCH adoption is Keene, New Hampshire, a place that’s widely known for its lack of taxation,...Read More
Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on blockchain policy, among other matters,...Read More
Facebook stock is tanking and puncturing Nasdaq in its spiral. | Source: REUTERS/Leah Millis/File Photo Facebook stock (FB) plunged after a nine-state antitrust investigation was announced against the social-media monopoly. As of this writing, Facebook is the worst-performing stock in the Nasdaq. Facebook tumbled 1.9% shortly after the attorneys general of eight states and the...Read More
Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking...Read More
Bakkt announced that it is opening a Warehouse. Its potential clients are those customers willing to deposit Bitcoin as well as withdraw it. It seems that the company is preparing for the introduction of its futures. Today Bakkt opened its long-awaited Warehouse for customer Bitcoin deposits and withdrawals. As they said in their tweet: Today...Read More
About $1 billion worth of Bitcoin was moved yesterday in a single transaction, sparking reactions on Twitter and other social media sites. TokenAnalyst went deeper and found that a significant share of sending addresses point to crypto exchange Huobi. 94,504 Bitcoin Reaches a Single Address On Thursday, Twitter user Whale Alert announced that 94,504 Bitcoin...Read More
A $1 billion Bitcoin (BTC) transaction became conspicuous because its sender spent far too much on fees. Some are guessing at the origin and destination of the funds with some believing it’s tied with Bakkt. There was a $1 billion Bitcoin (BTC) transaction whose sender spent a bit too much on fees. Social media users...Read More
With this move, Paxos plans to democratize the gold trading process by leveraging the power of blockchain technology. The Pax Gold (PAXG) token will make Gold mobilization absolutely easy. Popular stablecoin issuer Paxos has now planned to digitize the most-precious metal gold. Bridging the gap between the gold investors and crypto enthusiasts, Paxos unveils a...Read More
The recipient wallet of the $1 billion Bitcoin (BTC) transaction on Sept. 6 is now presumed to be the first richest non-exchange address. The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest Bitcoin address that is not reportedly associated with any crypto-related company, according to data from monitoring resource...Read More
NBA2K20’s lootboxes have been controversial for ties to gambling. | Source: YouTube A quick look at the NBA 2K20 listing over on Valve’s Steam digital storefront and you’ll see that 2K’s latest basketball sim come thinly-veiled gambling extravaganza has some rather unlikely tags. Source: NBA 2K20/Steam/Valve NBA 2K20’s Horror, Dating Sim, Mature Tags Stream now...Read More
One of bitcoin’s most experimental startups has grown dramatically over the past year, highlighting both the opportunities and pitfalls of open source development. Now Adam Ficsor, co-founder of zkSNACKs – the firm behind the privacy-centric Wasabi Wallet – is stepping down from his role as CTO to focus on research as the company matures. “I was...Read More
[embedded content] A co-founder of LinkedIn and a member of the PayPal Mafia, Reid Hoffman, released a new rap video describing a competition between central banks and cryptocurrency. His “epic rap battle” begins with presenting the U.S. Founding Father and first Secretary of the Treasury – Alexander Hamilton, and, of course – Satoshi Nakamoto (don’t...Read More
There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer an interim product. Also read: Indian Government’s New Report Views Crypto Positively...Read More
Bitcoin price is gaining momentum and it recently traded above $10,700 against the US Dollar.The price is currently testing the key $10,800 resistance area and it might correct a few points.There is a new bullish trend line forming with support near $10,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price...Read More
While Bitcoin price action is decidedly sideways, other metrics are posting positive signals. The week is ending with BTC above five figures which is still bullish, and dominance has just tapped another new high.Bitcoin OI Hits a HighBy definition, open interest is a measure total number of outstanding derivative contracts, such as futures that have...Read More
The total crypto market cap is climbing higher and it may soon break the $265.0B resistance.Bitcoin price is now trading nicely above the $10,600 level, with a positive angle.EOS price is currently consolidating near the $3.300 level.Binance Coin (BNB) is gaining momentum and is currently trading above the $22.25 level.BCH price may soon make another...Read More
This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and impacting global investors. To keep the conversation going in person, register for Invest: Asia 2019 coming up in Singapore on Sept. 11-12. Since the cryptocurrency boom and...Read More
A $1 billion Bitcoin (BTC) transaction has become conspicuous not because of its size but because its sender spent far too much on fees. Someone could have sent 94K BTC for $35 Social media users were guessing at the origin and destination of the funds on Sept. 6, which involved 94,504 BTC ($1.018 billion). According...Read More
For cryptocurrency to become sound money, it needs to integrate a degree of privacy on a transactional level, just as paper currency does. Bitcoin and Ethereum, both, lack strong privacy measures, but this is being addressed. As shown by Chain Link’s research paper, mixing services powered by decentralized oracles can overcome this barrier, September 4,...Read More
