The Swiss National Bank (SNB) is afraid that digital currencies like Facebook’s Libra might impede the central bank’s capability to initiate and implement monetary policy. This is the conclusion of Thomas Jordan, chairman of SNB’s governing board. Libra Might Impair SNB’s Monetary Policy While the discussions around Libra tailed off, the SNB chairman found it...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
According to Gemini, off-exchange or OTC trades on the new Gemini Clearing platform can be carried out both between two parties or through third-party brokers. Cryptocurrency exchange Gemini has come up with a new digital clearing and settlement solution. Named Gemini Clearing, the new service allows traders to negotiate off-exchange or over-the-counter (OTC) crypto trades...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
Bitcoin is looking at a fresh yearly high if support sticks, analysts have claimed. | Source: Shutterstock Since September 2, within four days, the bitcoin price has recovered from $9,500 to $10,700, rising by well over 10 percent against the U.S. dollar. The bitcoin price on a steady recovery since early September (source: coinmarketcap.com) As...Read More
Blockchain technology is gaining ground in the global energy sector. Following the success of Vakkt, the world’s first energy blockchain, China’s Sinochem and strategic partners are looking into the development of energy blockchain as well. A subsidiary of Chinese State Oil Group Sinochem, Royal Dutch Shell, and Macquarie Group are set to build a blockchain...Read More
Some new cryptocurrency fundraising tools which should have “replaced” initial coin offerings (ICOs) have already failed and may never recover. STOs Have ‘Dropped Off The Map’ That was the conclusion of fresh research which studied cash injections in the cryptocurrency and Blockchain sphere for the month of August. Published by ICO research firm Inwara, the...Read More
Ever wanted to ramble like Trump on Twitter while wearing the latest celebrity outfit and curing your child’s pneumonia? With SingularityNET’s new version of the Beta Marketplace, blockchain AI can help you with that. The project is an AI-as-a-Service provider, offering a decentralized marketplace for purchasing various AI services – applications performing specific functions through...Read More
China’s proposed new digital currency would be better than Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank official said. People Bank of China announced enthroning their new digital currency chief who claims their upcoming digital yuan has features that are...Read More
The Alibaba Group has announced its acquisition of online e-commerce platform, Kaola, from NetEase. Alibaba will also be investing $700 million in NetEase’s Cloud Music streaming platform, as part of a separate deal. Chinese multinational e-commerce and tech conglomerate, Alibaba Group, has just acquired Kaola, from NetEase Inc. The acquisition worth $2 billion will create...Read More
China’s state digital currency is coming. | Source: Shutterstock China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. Relaying the several key attributes of China’s new central bank digital currency (CBDC) Mu Changchun, deputy director...Read More
Poloniex is planning to upgrade XRP wallets, an upgrade that will result in the suspension of transactions for a short duration of time. This step is deemed important by the exchange for enhancing user experience. With this upgrade, users will no longer be required to deposit 20 XRP as the base reserve for opening an...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, September 6th, the EOS remains in a narrow flat, chiefly trading around $3.30. On the daily timeframe, the EOS demonstrates the continuation of a downtrend, but the speed of falling has decreased. If it keeps declining, one of the critical aims is likely to be at...Read More
Elon Musk tweeted about Porsche’s Taycan Turbo-electric sports car appearing to poke fun at the ‘turbo’ in the name. Twitter users pointed out that the Tesla CEO has his own history of using loose definitions. Yesterday we wrote of how four years after Porsche showed us the original Mission E concept, the 2020 Taycan is...Read More
The surprise announcement earlier this week that the top bitcoin exchange in Thailand was closing down sent shock waves through the Asian crypto community. BX was one of the most popular exchanges in the region and speculation is growing as to why the company made the snap decision to suddenly axe a clearly profitable venture....Read More
Customers who use the Stripe payment platform will now enjoy business loans up to $20,000 through the company’s recently unveiled Stripe Capital. The company is looking to provide businesses with better access to funds. Stripe, one of the world’s biggest payment services firms, has now announced its decision to get involved with business finance through...Read More
Blockchain is gaining speed in terms of adoption across the world and this is evident from the Spanish football giant, Atlético de Madrid, joining hands with the sports and entertainment blockchain company, Chiliz. After finishing 4th in the UEFA’s Club Coefficients rankings for 2019, the La Liga leaders cheered its fans by joining Socios, the...Read More
When Tron CEO, Justin Sun, postponed his $4.6 Million charity lunch with Warren Buffett, some believed it would never happen. However, Tron Communications Director, Cliff Edwards, has insisted that it will, in an interview with BlockTV. However, finding a suitable date for all parties is proving to be tricky. Finding A Window In Nine Busy Schedules...Read More
Bitcoin price has gained this week but what’s behind the move? | Source: Shutterstock This week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday. This was also reflected by an approximate 10% gain for BTC alone; so...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
Last year, Ripple and Coinbase were ranked high by LinkedIn. In 2019, they have taken 28th and 29th positions accordingly. With the rapid development of cryptos, blockchain is one of the most prosperous spheres to work in. In this regard, the networking platform LinkedIn published the list of the top startups to work for in...Read More
Apple is set to have its annual unveiling event. Will the technology giant breakout of the current “more-of-the-same” situation it is in? What exactly should we expect in the new iPhone 11? These are the questions on everyone’s mind. Apple is set to introduce its new set of phones at its annual phone launch on Tuesday...Read More
China’s state-backed digital currency is almost ready for launch, but apart from the fact that it would act as a stablecoin pegged against the country’s national currency, there is not much information on the project. However, as per the latest report from Reuters, the Chinese national digital currency could bear some similarity with Facebook’s aspirational...Read More
Source: REUTERS / Alexandre Meneghini (i), Shutterstock (ii). Image Edited by CCN. A Chinese crypto project that allegedly paid 2020 U.S. presidential candidate John McAfee $4.5 million to promote the Initial License Offering (ILO) of its Zombie Coin has now threatened to sue the influencer for $100 million. According to the firm behind the CZcoin...Read More
Amanda B. Johnson, Chairperson of the Dash Investment Foundation (DIF), is in the news after it announced on its YouTube channel that it would be ready to make its first funding proposal for investment-related activities. Johnson also spoke about strategy, funding policies and the Foundation’s plans for transparency. According to Johnson, the DIF is prepared...Read More
Whale Alert is a live tracker for major cryptocurrencies that alerts the public if any large transaction have been made. It’s mostly used as an alert of a potential market action or a whale entering / exiting a position. ? ? ? ? ? ? ? ? ? ? 94,504 #BTC (1,018,147,922 USD) transferred from...Read More
After testing $180 two days ago, ETH / USD bottomed out at $171 on Bitstamp. Right when the price hit that level, decent buy volume pumped the Ethereum price to $175. Due to lack of volume, the market since then has been trading sideways, just like most other cryptocurrencies today. Let’s go over any Ethereum...Read More
Another boring day in crypto where the markets don’t seem to be moving much. Most cryptocurrencies are trading sideways after a brief bull run last night. Let’s take a look at some of our favorite altcoins and see if the indicators tell us what’s to come ahead. Ethereum Price Analysis (ETH/USD) On today’s hourly chart,...Read More
In an industry where innovation is status quo, crypto exchanges have taken the lead in terms of delivering new tokens and creating newer gateways into the crypto ecosystem. One such leading establishment, Gemini announced the launch of Gemini Clearing™, which allows trades that are negotiated off-exchange or OTC to settle between Gemini accounts. Gemini co-founder...Read More
Stablecoin was crypto community’s answer to Bitcoin’s volatile market conditions, which managed to deliver some sense of stability within the ecosystem. The first and most controversial token in this space, Tether, has caught unwanted attention as one the company’s co-founders, William Quigley, mentioned something controversial. The information was highlighted on Twitter by @lisaabramowicz1, who tweeted,...Read More
