During the webcast discussion in Switzerland, Federal Reserve Chairman Jerome Powell said that the Facebook’s stable coin, Libra would probably have so many users that it might cause instability in the financial system if something went wrong. In a discussion in Zurich with Swiss National Bank Chairman Thomas Jordan, Powell claimed that. “With Facebook’s very...Read More
XRP’s performance has been bearish for most of 2019, and the bears are not ready to quit yet. The coin registered a devaluation of 6.40% on September 6 and the lowest bid was marked at $0.2461, close to its support at $0.2419. The coin has put in a solid effort to recover from the fall,...Read More
Scalability is an issue that has been used against Bitcoin for a long period of time. Bitcoin currently lords over the market with a dominance of 70.9 percent at press time, but people from the community continue to raise arguments against its inefficiency to facilitate faster transactions. The world’s largest cryptocurrency hasn’t been quiet either....Read More
Leading Cryptocurrency Exchange, Binance announced the next project on Binance Launchpad – Band Protocol (BAND). As per the blog post, the Band token sale will follow a lottery & airdrop format, with the recording of the user. BNB balances already having started on 2019/08/17 00:00 AM (UTC). The Band Protocol is a layer-2 protocol for...Read More
After a high $178 earlier this week, Ethereum price is having a hard time staying afloat above the $170 level. Currently trading at $169.32 on Bitfinex, the market seems to be recovering. Today wasn’t the best day for cryptocurrency as its market cap lost close to $10 billion in value. Let’s take a look at...Read More
Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant...Read More
The Tron community rejoiced with the announcement of Justin Sun’s lunch with Warren Buffett being on track. Another positive development is that Tron DApps continued to increase as they reached 569 in total. Also, the number and volume of transactions surged over the past week, according to the latest Tron DApp report. This boost can...Read More
Binance Launchpad, Binance’s token launch platform for blockchain projects, has announced its ninth project this year: Band Protocol. Following its trend of continuously offering new cryptocurrency projects for retail investors, Binance will be holding a token sale for data governance and Web 3.0 applications services company. The Band Protocol IEO will follow an updated lottery...Read More
Not a great day today for cryptocurrency as most markets are seeing a slight decline. That’s only to be expected as we’re at the end of the week. Let’s take a look at some of our favorite cryptocurrencies and see if the charts tell us anything. Stellar Price Analysis (XLM/USD) On the intraday chart, XLM/USD...Read More
Bitcoin bull John McAfee wants to resolve his disagreement with the South China Zombie Research Centre over their “zombie ICO” partnership. | Source: REUTERS/Alexandre Meneghini Bitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their “zombie ICO” partnership. China Zombie threatened to file a $100 million lawsuit...Read More
Cryptocurencies are being widely adopted by many countries across the globe. Curiosity is turning into adoption in many countries as many individuals have started realizing the benefits of digital assets. In Latin America especially, the crypto-trend is gaining momentum. To strengthen its position in Colombia, Paxful has always wanted to diversify its offering. Paxful had...Read More
Regulation has always been a hot topic in the cryptocurrency space, with some governments banning them altogether and others struggling to introduce it in a way that won’t hinder development. While these regulatory bodies seem to have a positive approach towards Bitcoin, Ethereum and other cryptocurrencies, it’s quite the opposite for privacy-focused cryptocurrencies. Owing to...Read More
Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here’s why BNB is leading the pack. | Source: REUTERS / Darrin Zammit Lupi Binance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency...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
Japan’s financial regulator has reportedly given messaging giant LINE a licence to operate the cryptocurrency exchange, BitMAX, through LVC Corporation, the digital asset and blockchain-focused arm of the Japanese company. The exchange will allow users to trade Bitcoin, Ether, Litecoin, XRP and Bitcoin Cash. LINE will be re-using much of the back-end infrastructure from the...Read More
The leading cryptocurrency exchange has revealed new details about its upcoming move to the United States. In a blog post published today, Binance announced that the new Binance.US marketplace will open to North American customers “in the coming weeks.” In the post, Binance promised a “fast, compliant, and secure digital asset marketplace” for traders in...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
The introduction of Facebook’s Libra has been one of the highlights of 2019, but it was not smooth-sailing for the virtual asset. The Facebook-backed stablecoin received collective criticism from government officials, crypto-personalities and a majority of the community, with many questioning its potential use cases and characteristics as a cryptocurrency. In the latest edition of...Read More
Switzerland’s central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCN Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path...Read More
It may be the official end of summer, but this week has been a bumper one for the Bitcoin price. Spot markets appear to be reacting to bullish news that institutional involvement is increasing. A SIMETRI Research analysis (below) highlights that if Bitcoin successfully passes $11,000, the market might see a retest of $15,000. Following...Read More
Friday is turning into the greenest day of the week for most of the crypto market. After successfully holding its gains yesterday, Bitcoin is now continuing its run towards $11,000. The altcoin landscape is even more interesting, with several strong outliers in a fairly green sea. And then there’s the rogue wave from Augur –...Read More
Bitcoin could be on its way to $20,000 next year if a historical trend repeats itself once again, according to crypto trader Josh Rager. | Source: Shutterstock Crypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge...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
This blockchain projects may stay out of your radars since not all of them were actively advertised. However, we can say with confidence that these projects are worth paying attention to in 2019. It is always necessary to keep abreast of trends that occur in the cryptocurrency world. Many crypto advocates and traders called the...Read More
Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: Shutterstock On September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee. A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com) The Token...Read More
Facebook’s crypto scheme appears to have spurred regulators to take the social media giant’s privacy scandals more seriously. | Source: REUTERS / Aaron P. Bernstein Following reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James...Read More
Institutional investors are paying high premiums for shares of the Grayscale Bitcoin Trust (GBTC), which allows them to bet on Bitcoin (BTC) without holding the asset itself. GBTC is an investment vehicle which tracks the spot price of Bitcoin, providing investors from mainstream finance with a familiar means to gain exposure. At the time of...Read More
Bitcoin has most of its wealth creation still to go and could top a giant $1 trillion in market cap in just six years, new analysis claims. $1 Trillion Bitcoin Doesn’t Need Parabolic Trend Published last week, the forecast by Blockchain investment advisory resource, Byte Tree, suggests that even with conservative growth, Bitcoin will achieve...Read More
Bitcoin’s price, which was stuck in a limbo, is facing a tipping point. If the volume is high and the price continues to trend higher, the bulls are back in action. However, if the volume is not enough, BTC prices will face uncertainty, just as Schrodinger’s cat did. In yesterday’s article, Bitcoin’s daily chart presented...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
