The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in...Read More
There are several measurements of the health of the bitcoin network. Hash rate is probably the first that comes to mind but daily volume is another indicator of how successful the system has been. Govts and Banks Cannot Stop Bitcoin Bitcoin was spawned by a movement dedicated to the freedom of financial oppression by central...Read More
Donald Trump’s pressure on the Federal Reserve toease its monetary policy is bringing optimism to markets. | Source: AP Photo/Patrick Semansky) By CCN Markets: Dow Jones Industrial Average (DJIA) futures are on a knife-edge on Tuesday as ominous recession warnings ring out around the world. Despite the warnings, an undercurrent of trader optimism has returned...Read More
Bitsler launched in March 2015 offers a very interesting and unique experience to gamblers interested in bitcoin gambling. The company calls itself the “Bitcoin gambling platform”. They have in store for their users’ several ingenious features, games, and give you futuristic online casino experience. Basically, the Bitsler casino is the next generation casino. This is...Read More
Deloitte, one of the “Big Four” professional services firms, has officially launched a plug-and-play product aimed to help enterprises showcase their blockchain solutions to clients. The firm’s new “Blockchain in a Box” (BIAB) is designed as a mobile unit packed with four built-in nodes and several monitors that can be linked to external services such...Read More
The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS) together with the Monetary Authority of Singapore (MAS) developed a new ‘Code of Practice’ to set standards of good practice regarding Anti-Money Laundering (AML) and countering the financing of terrorism measures for crypto-related businesses. This according to news published by The Global Legal Post, August 19,...Read More
Bitcoin price extended gains above the key $10,600 and $10,800 resistances against the US Dollar.The price is currently correcting lower after trading to a new weekly high at $10.960.Yesterday’s highlighted major bullish trend line is intact with support near $10,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price could correct...Read More
The total crypto market cap broke a major resistance area near the $272.0B level.Bitcoin price jumped more than 5% and broke the $10,600 resistance area.Binance coin (BNB) price recovered above $28.00, but it struggled to surpass the $29.00 resistance.Litecoin (LTC) price is still trading well below the $80.00 resistance area.BCH price extended gains and traded...Read More
ICONLOOP, one of the largest blockchain networks in South Korea, has announced today it will apply its blockchain-based certificate issuance service ‘broof’ to ‘ARTnGUIDE’, the first online service platform in Korea for co-purchasing works of art operated by Yeolmae Company. This partnership aims to prevent forgeries and theft by recording ownerships of jointly purchased works...Read More
After posting a strong recovery from its recent lows of $9,500, Bitcoin (BTC) has been able to further extend its upwards momentum and is now nearing the next key price hurdle that could determine which direction it trends in the near-term.Bitcoin’s surge from its weekly lows of $9,500 signals that buyers are currently in control...Read More
Almost 200 CEOs have signed a statement to redefine a corporation’s purpose. Is it just PR, or are they undermining their fiduciary duty? | Source: Shutterstock By CCN Markets: A group of 181 CEOs of publicly held companies trading in the stock market has proclaimed their intent to put the wealth-destroying values of anti-capitalists ahead...Read More
Bitfinex and Tether must continue turning documents about an alleged $850 million cover up over to the New York Attorney General (NYAG), a judge ruled Monday. New York Supreme Court Judge Joel M. Cohen ruled that the crypto exchange and stablecoin issuer would have to have to continue turning over documents about a loan the...Read More
There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community, and one of its largest banks has engaged in multiple crypto projects. Also...Read More
Quantstamp, a blockchain security company developing automated security tools such as the Quantstamp Security Network, has announced it is open-sourcing the code for its bounty protocol. A bounty protocol is a marketplace for developers to identify bugs in smart contracts that automation cannot detect. The bounty protocol has the potential to leverage software engineering talent...Read More
S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers. | Source: Shutterstock By CCN Markets: The S&P 500 is comprised of nearly a dozen sectors, all of which traded in the green today. Leading the charge is skincare stock Estee Lauder,...Read More
Sentinel Protocol, the collective intelligence platform that protects crypto assets against hackings, scams or frauds, has announced a new strategic partnership with Hexlant, a leading Korean blockchain technology, and service laboratory. Hexlant provides a blockchain wallet service that supports the largest variety of blockchain nodes in Korea through its self-developed modular cryptocurrency node. Together, Sentinel...Read More
Binance, the largest Bitcoin (BTC) and altcoin trading venue in the world by reported trading volume, has announced plans to launch an open distributed ledger technology (DLT) network called Venus, to make it easier for entities to create localized fiat-backed stablecoins, according to a blog post on August 19, 2019. Venus Open Blockchain As stated...Read More
AmaZix, the global blockchain strategic consulting and marketing agency, today announced it has partnered with cyber-security firm FortKnoxster, developer of a secure and privacy-oriented all-in-one peer-to-peer encrypted communication platform, highlighted on CryptoNinjas a few weeks ago. FortKnoxster is aimed at businesses and individuals who require the highest level of security. The platform offers zero-knowledge, end-to-end,...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
Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading. Announced Monday, Rakuten Wallet has gone live for trading in bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was...Read More
Donald Trump and White House officials played down fears of a recession on Sunday, giving a much-needed boost to the stock market. Source: AP Photo/Evan Vucci By CCN Markets: Dow Jones Industrial Average (DJIA) futures rocketed 200 points in early trading Monday as President Donald Trump sought to allay fears of a recession. Speaking to...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
Bitcoin price rebounded recently and climbed above the $10,200 resistance against the US Dollar.The price is currently trading nicely above $10,300, but facing hurdles near $10,500 and $10,600.There is a connecting bullish trend line forming with support near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to...Read More
The total crypto market cap is climbing higher towards the key $272.0B and $275.0B resistance.Bitcoin price is also approaching the main $10,500 resistance area.EOS price is up more than 5% and it may soon test the $3.850 resistance area.BCH price is recovering and it may break the $320 resistance level in the near term.Tron (TRX)...Read More
Spanish megabank Santander Group is expanding its use of Ripple’s technology. The bank is building a “payment corridor” that would let customers in Latin America send money to the U.S. instantly for free via One Pay FX, a mobile app that uses Ripple’s xCurrent software, officials told CoinDesk. Currently, only customers in the U.K. and...Read More
Trump’s tweets on China may set the stage for a strong rally in the stock market this week as S&P 500 futures open higher. | Source: REUTERS/Jonathan Ernst By CCN Markets: In response to the struggling stock market, Donald Trump’s Twitter feed was awash with positive talk about the trade war and progress with China...Read More
Elon Musk is unconcerned about the asteroid that will pass close to Earth in 2029, but SpaceX is working to come up with a solution anyway. | Source: (i) REUTERS/Mike Blake (ii) YouTube/PowerfulJRE; Edited by CCN By CCN Markets: While the mainstream media works itself into a frenzy about the impending “God of Chaos” asteroid...Read More
Following Bitcoin’s recent plunge into the mid-$9,000 region, the cryptocurrency has been able to post a strong and sustainable bounce that has allowed it to secure a foothold within the mid-$10,000 region.Now, analysts are noting that BTC may be laying the groundwork for a reversal of its recent downtrend, which means how it reacts to...Read More
A report published by ING shows that the percentage of the population that believes in Bitcoin is slowly decreasing, indicating skepticism for cryptocurrencies in general. With the exception of Turkey, Poland, and Romania, most of Europe does not believe that cryptocurrencies will be an integral part of the financial system in the coming years, August...Read More
BioWare suffered another blow with the departure of its next big title’s lead producer, Fernando Melo. Maybe they should part ways with EA. | Photo by Matt Sayles/Invision for Microsoft/AP Images By CCN Markets: Fernando Melo, the lead producer on the upcoming Dragon Age title, is leaving BioWare. This is especially shocking as it’s happening...Read More
