Litecoin has seen a further 5% price decrease over the past 24 hours, which has brought the price of the cryptocurrency down to $70. This latest price drop is mostly a result of Bitcoin dropping back beneath the $10,000 region as things start to look bleak for the overall cryptocurrency market. Litecoin remains the fifth-largest...Read More
New findings have revealed that controversial stablecoin issuer, Tether, is seemingly working on a new stablecoin project dubbed “CNHT”. The new stable coin will be pegged to the offshore Chinese official fiat currency Renminbi (RMB/CNY). This was confirmed today by Zhao Dong, a shareholder at Bitfinex, a cryptocurrency exchange owned by iFinex Inc., which is...Read More
The supreme court hearing on Crypto vs RBI resumed on August 21 with RBI’s counsel, Shyam Divan, reading the IMC report pointing out the disadvantages of Crypto. During the course of arguments, the judge interrupts and asks how you are concerned with consumer protection, it is not your concern. It is Govt. concern and not...Read More
View Bitcoin quickly fell from $10,842 to $10,082 earlier today, confirming a rising wedge breakdown on the hourly chart. The bearish reversal pattern has opened the doors for a retest of $9,467 (Aug. 15 low). On the way lower, prices may find support at the 100-day moving average, currently at $9,882. The average served as...Read More
U.S. Secretary of State Michael Pompeo has said he believes that cryptocurrencies should be regulated in the same way as financial institutions. In an interview with CNBC’s Squawk Box on Tuesday, Pompeo was asked how best to regulate Facebook’s Libra or bitcoin. He responded: “My sense is this: We should use the same framework that we...Read More
Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project. A document seen by Bloomberg indicates that the European Commission is “currently investigating potential anti-competitive behavior” by the Libra Association. The report describes the document as a questionnaire suggesting the commission is concerned that Facebook’s planned digital payment system could unfairly...Read More
Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether is enduring its first mainstream bear market, just as Bitcoin did back in 2014-15. Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15. In a tweet...Read More
American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio. American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s portfolio. In an interview with CNBC on Aug. 20, Pompliano said that every single...Read More
Saudi Arabia’s Finance Ministry has warned against crypto tricksters using the kingdom’s official emblem to promote tokens that purport to be tied to government projects. Saudi Arabia’s Finance Ministry has warned against crypto tricksters using the kingdom’s official emblem to promote tokens that purport to be tied to government projects. Arab News reported on Aug....Read More
A partner at venture capital firm Blockchain Capital says Bitcoin is a safe haven in the long run but it might not withstand severe crises. Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin (BTC) will be a safe haven in the long term. However, he has a nuanced view...Read More
There is no bad publicity. Not long ago after Donald Trump had tweeted about Bitcoin, another mention of the most famous cryptocurrency is coming on behalf of Mike Pompeo, the United States Secretary of State. In his opinion, the first-ever cryptocurrency should be regulated like every other electronic financial service existing today. His main concern is...Read More
The short-term action continues going back and forth inside the marked horizontal triangle on the following 4-hour chart. After two days of consolidation below the triangle’s descending trend-line with zero success to break through, Bitcoin plunges $800 to set $10,082 as its current daily low. As mentioned here on our previous analysis, the $10,800 area...Read More
Singapore-based Huobi is expanding its presence in decentralized finance (DeFi). The crypto exchange announced support for two autonomous loan making vehicles, the infamous MakerDao and a similarly open-sourced Compound protocol, according to an August 19 statement. Both ethereum-based protocols serve as “market-makers” by allowing borrowers to take out liquid loans against a pool of assets....Read More
One of the largest mobile providers in Austria is planning to accept cryptocurrency for payment at certain store locations. A1, which services some 5.1 million mobile and 2.1 million fixed lines across Austria, is testing cryptocurrency payments at store locations across Austria. Dash, ethereum, litecoin, stellar and XRP will be available for payment, according to...Read More
The U.S. Securities and Exchange Commission (SEC) has fined Russia-based analytics firm ICORating for failure to disclose payments for positive reviews to various projects. Today the SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018. According to the SEC, projects rated by ICORating during that time raised funds...Read More
Nelson Minier, head of over-the-counter trading at cryptocurrency exchange Kraken, says its volume has increased twenty-fold since 2018. Nelson Minier, head of over-the-counter (OTC) trading at major cryptocurrency platform Kraken, has stated that the OTC desk’s trades per month have increased by a factor of 20 since the beginning of last year. Minier gave his...Read More
Major Austrian telecom operator A1 has started accepting six cryptos as payment in select shops in Austria. Major Austrian telecom operator A1 has started accepting cryptocurrencies as payment in seven selected shops in Austria. Six cryptos accepted Starting from Aug. 19, A1 customers can pay for network services in selected A1 branches using six major...Read More
Facebook-owned WhatsApp is in early talks with local firms to launch digital payments service in Indonesia. Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia. Reuters reported that they had learned of this development from anonymous sources...Read More
The Securities and Exchange Commission (SEC) has fined Russia-based analytics firm ICORating for failure to disclose payments for positive reviews to various projects. Today the SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018. According to the SEC, projects rated by ICORating during that time raised funds through...Read More
Japan’s largest gift card exchange plans to use blockchain to spur its next phase of growth. Amaten, a secondary marketplace for gift cards, announced a partnership with the Singapore-based cloud computing startup Aelf, according to a statement published August 20. The exchange plans to scale its operations internationally using Aelf’s enterprise-oriented blockchain platform. Founded in 2012, Amaten...Read More
Square Crypto, the division of the publicly traded payments company that focuses exclusively on bitcoin, just hired one of the world’s most prolific bitcoin developers. Chaincode Labs alum and Blockstream co-founder Matt Corallo previously authored notable efficiency improvements such as the rust-lightning implementation, which makes it easier for users to build and interact with layers...Read More
Eleven crypto projects announced Tuesday they had joined the Messari Disclosures Registry, including four top-100 projects by market cap: Cardano, Lisk, V Systems and Beam. The new batch of crypto assets brings the total number of projects listed on the registry to 54. It launched with 12 projects in November 2018. “The ability to find basic...Read More
Cryptocurrency exchange Binance has announced that its iOS app is now live. Binance’s app first appeared on the App Store in October 2018, but it was summarily taken off in May 2019. In a blog post published on August 19, 2019, the exchange revealed that the Binance iOS app (V1.7.1) is now one again live on...Read More
Some commentators have dismissed Bitcoin as a joke compared to blockchain technology, but Bitcoin is proving to be more resilient as a decentralized and truly novel approach to financial services. Most blockchain implementations in the financial service industry deliver cost efficiencies, but are still permission-based, which makes them similar to other centralized technologies. However, by...Read More
On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion. PlusToken, as it was called, promised its “investors” monthly returns of anywhere from 10 to 30 percent in its eponymous...Read More
Scalability is still a point of concern for Bitcoin — but clever minds continue to produce innovative proposals to resolve bottlenecks. One of the specific scalability concerns is the growth of the unspent transaction output (UTXO) data set held by Bitcoin nodes. This is the list of all (fractions of) bitcoin in existence and details...Read More
Today, we’re partnering with the Polkadot Network to accelerate the adoption and decentralization of Polkadot tokens (“DOTs”) as it aims to solve the challenges of cross-blockchain interoperability and create a new paradigm for on-chain governance. When the integration is complete, Blockchain’s over 41M Wallets will not only be able to store, send, and receive DOTs,...Read More
South Korea’s Prixbit cryptocurrency exchange has officially closed down. In a website post dated Aug. 9 and entitled ‘Prixbitend,’ the exchange declared it would cease operations. The move was subsequently reported by local press. “Due to negative internal and external influences, management difficulties could not be overcome and normal operation became impossible,” the founder wrote. The exchange said...Read More
Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. Posted to the bitcoin developer mailing list Monday, the ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins. Programmers Wuille, Andrew...Read More
Ten crypto projects announced Tuesday they had joined the Messari Disclosures Registry, including four top-100 projects by market cap: Cardano, Lisk, V Systems and Beam. The new batch of crypto assets brings the total number of projects listed on the registry to 53. It launched with 12 projects in November 2018. “The ability to find basic...Read More
