VeChain has a bearish short-term and bullish medium-term trading outlook The four-hour time frame shows that an inverted head and shoulders pattern has formed The daily time frame continues to show a bullish triangle breakout underway. VeChain is attempting to stage a recovery higher after reversing sharply from the 0.008 support level earlier this month....Read More
David Rutter, CEO and Founder of R3, was recently interviewed on the sidelines of the 2019 FinTech Week in Hong Kong. The CEO of R3, a firm which he defined as “an enterprise software company that uses the power of distributed computing to solve business problems,” addressed a host of issues during the interview. These...Read More
A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels. Increased cross-border remittances have alerted US regulators to the opportunities for tracking and securing funds. Potential Future Platform for Significant Remittances Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text. The pending...Read More
The Swiss government has knocked the proposal of creating a central bank digital currency off the table in response to the Swiss Parliament requesting the government to look into the prospects of creating an e-franc in the future. According to a press release published on the Federal Council’s website on December 13, the council gave...Read More
Tezos, MakerDAO, and Decred show signs of plutocracy, thanks to concentrated token supplies and on-chain governance. CoinMetrics surveyed three blockchains with on-chain governance and discovered that their coin supplies are highly centralized among a small number of coinholders. The survey, published on Dec. 10, examines Tezos, Maker, and Decred — three blockchains that make development decisions...Read More
From the lens of the mainstream financial world, the regulatory centre of the digital currency market is the US Securities and Exchange Commission [SEC]. Well, cryptocurrencies do not play to the same tune as the rest, especially in terms of control. While the SEC is an important part of the overall regulatory paradigm (And price...Read More
The cryptocurrency market remains mixed in early Friday trade, while the number of BTC/USD long positions continued to surge. Bitfinex long futures surged to a fresh record high at 41,300 contracts, breaking past the previous all-time high set on March 2018. Tezos is the best performer inside the top 20 — now breaking into the...Read More
Weibo, one of China’s major microblogging platforms, is in the news after it blocked the accounts of TRON Founder, Justin Sun, and Binance Co-founder, Yi He, earlier this week. The move, in turn, has had a direct impact on the price of TRX, TRON’s native token. The cryptocurrency depreciated slightly over the course of 24...Read More
Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because...Read More
Venture capital firm Blockchain Capital recently published its State of Crypto 2019 report, with a section of the publication giving an in-depth look into CBDCs, Libra, and the state of cryptocurrency usage in nation-states, retail, and institutional market segments. According to the report, crypto-assets are moving from the fringe to mainstream adoption across all three...Read More
PayPal, the leader in online wallet payments, has filed a suit against the US Consumer Financial Protection Bureau (CFPB) over new rules requiring overly strict and constraining reporting for its digital wallets. Complaints of Unnecessary Reporting The CFPB has announced a campaign to regulate so-called prepaid cards, to avoid money laundering. In the lawsuit, filed...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 13th, the Tron cryptocurrency stopped falling, trading around $0.0138. On D1, the correctional growth ends and falling continues. It was additionally supported by a Black Cross on the MACD. The goal of decline remains at the fractal support level of $0.0110. A breakout of this...Read More
This week, Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. The blockchain analysis is becoming the next frontier of verification, as the Financial Action Task Force (FATF) rules start to be unrolled from the summer of 2020. Regulators Worldwide Start Looking at Blockchain Activity Directly Chainalysis remarks that institutions...Read More
In today’s blockchain landscape, there has been a significant rise in exchange tokens. These tokens are essentially issued by crypto-exchanges to incentivize participants who use their platform. Some of the upsides of these tokens include discounted trading fees, market-making rewards, and token burn mechanisms. Source: CoinMarketCap | BNB Binance pioneered the exchange token and its...Read More
The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According to local media, the Bank of Korea has begun hiring crypto-asset experts signaling that the central bank may begin developing its own CBDC. It added...Read More
Bakkt has come a long way since its launch on 23 September. After stuttering initially with low trade volumes, with the exchange recording trades of only 71 BTC on the first day, Bakkt has taken major strides in the market over the past few months. According to a press release released by Intercontinental Exchange or...Read More
SOMESING, a blockchain-based mobile karaoke DApp has announced that its own utility token named ‘SSX’ (SOMESING Exchange) will be listed on Coinone Indonesia Exchange on the 16th Dec 2019. This is the 2nd listing of SSX followed by its 1st listing on Dcoin exchange, a global crypto currency exchange and SSX token is to be...Read More
Eran Eyal, Shopin CEO, pleaded guilty today to charges of conducting an unregistered securities offering in an ICO that raised over $42 million. The SEC announced charges against Eyal in a Wednesday press release. Eyal, a dual citizen of South Africa and Israel residing in New York, planned to build a blockchain-based marketing system that...Read More
Despite the tremendous success Bitcoin has racked up over a decade of existence, the world’s oldest cryptocurrency has been plagued with privacy issues. This apparent “weakness” of Bitcoin gave rise to the need for privacy-focused coins. And even as these coins are a reaction to the realization that Bitcoin isn’t private, privacy coins remain largely...Read More
Chinese Bitcoin miners now control a record proportion of the network’s hashrate, according to new research. An estimated 65% of BTC mining now happens in China. CoinShares, a digital asset investment fund, noted this high since the firm started monitoring the network in late 2017. Research jointly published in October 2018 out of Princeton and...Read More
Over the past few months, MakerDAO has received significant attention from much of the crypto-community, both positive and downright critical. After developer Micah Zoltu recently revealed its massive vulnerability aspect, the community is still trying to wrap its head around how such a ‘centralized’ governance system could function in the crypto-ecosystem. In a recent interview...Read More
Digital gold, for now, is a long shot. Since its conception, Bitcoin has longed to overtake the premier store-of-value of the modern financial gold, its traditional and tangible equivalent, gold. While the cryptocurrency and the commodity have seen a strong battle throughout 2019, fighting candle-and-stick to stake their claim at being the hedge against collapsing...Read More
With 12 days to go until Christmas, the countdown is officially on! Check out these top crypto goodies that any self-respecting crypto HODLer wants to find in their stocking. 1. Cryptotag Zeus – Starter Kit What do you get for the crypto HODLer who has everything this Christmas? The chance to engrave his (or her)...Read More
The European Central Bank (ECB) should determine objectives for its digital currency taskforce by mid-2020, ECB President Christine Lagarde said during her first policy meeting. What’s the Purpose of a Digital Euro? Earlier today, the ECB’s Governing Council met to decide the benchmark interest rate and the monetary policy. After the event, new ECB President...Read More
Arcane Crypto’s research division, Arcane Research, recently published the 50th issue of its weekly update report this year. Among a host of topics, the report touched upon Bitcoin blockchain activity and the changes to its price valuation over the last seven days. At press time, Bitcoin was priced at $7233 with a market cap of...Read More
Amidst a grinding price slide, Bitcoin boredom has set into crypto markets. Interest indicators fell to levels not seen since March, according to Google Trends. Yearly Google searches for ‘Bitcoin’ peaked at the end of June, at a value of 100. They have been steadily falling since. Today, Bitcoin searches measured 23. They were last...Read More
Days after the DigiByte controversy broke out, cryptocurrency exchange Poloniex has announced that it is updating its listing and delisting policies. According to the official blog post, projects could be delisted if it no longer satisfies certain important criteria that the exchange looks for in its listed assets The blog read, “As part of our...Read More
Ethereum has a bearish short-term and medium-term trading outlook The four-hour time frame shows that an inverted head and shoulders pattern has been invalidated The daily time frame continues to show a bearish pattern playing out to the downside Ethereum is coming under increasing technical selling pressure below the $150.00 level, as the second largest...Read More
Five men were charged in connection with BitClub, an alleged $722 million Ponzi scheme. The founders were caught saying they targeted the “typical dumb MLM [multi-level marketing] investor.” BitClub Network Goes Down On Nov. 10, the U.S. District Court in Newark, New Jersey, accused Matthew Brent Goettsche, Jobadiah Sinclair Weeks, Joseph Frank Abel, and Silviu...Read More
According to data from BitInfoCharts, mining profitability on the Monero blockchain has plummeted to new lows, showing returns that are lower than even those recorded between February and March, earlier this year. The chart also showed that profitability has been dropping since late June, marking an almost 87.4% drop in profitability since. This drop in...Read More