The Bakkt Warehouse will provide the safe and secure of physical Bitcoin tokens in a regulated environment starting from September 6th. The Warehouse facility is specifically designed for its physically-settled Bitcoin Futures contracts. Intercontinental Exchange‘s (ICE’s) Bakkt platform has already started some initial preparations as it is set to launch its Bitcoin Futures contracts in...Read More
On achieving $5billion in trades on its crypto exchange, Uphold is celebrating its success with a unique “Crypto Challenge” giveaway. Uphold is a UK-based cryptocurrency exchange opening its gates for 15 new tokens. Now you might be wondering which are these questions. Hold on! It is you who will guess the name of the tokens...Read More
Today Bakkt revealed that one of the most important pieces of the puzzle is in place. They are days away from securely custodying bitcoin for clients. | Source: Shutterstock For months we didn’t hear a peep out of Bakkt, and now the NYSE owner-backed exchange won’t hush and it’s music to the ears of the...Read More
Square Crypto, the cryptocurrency branch of Jack Dorsey’s Square, touted the virtues of bitcoin giveaways but didn’t actually give any away. | Source: Shutterstock Square Crypto, the cryptocurrency unit of Jack Dorsey’s mobile-payment company Square, extolled the virtues of gimmicky bitcoin giveaways. But then it didn’t offer to give any away. What a crypto tease!...Read More
Facebook is offering thousands of dollars as a reward for those testers who find bugs in its upcoming Libra cryptocurrency. Libra Invites Your Security and Privacy Review of its Architecture and Design Facebook envisages empowering billions of people all over the world through its single global ‘cryptocurrency’, Libra. It will be supported by a simple...Read More
Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC. ERC20 tether transactions cost users more than $260,000 in the...Read More
The decentralized cryptographic ledger and the house of Ripple’s native cryptocurrency, XRP Ledger index 49624361 contained 370 transactions and the closing time for the ledger was just 3.5 seconds in the early hours of 28th August. The total fees for the transactions executed was 26.27 XRP. This event was tweeted by a Twitter user called...Read More
The twenty-fourth episode of Magical Crypto Friends focused on Litecoin, the development FUD surrounding the coin, the recent halving and its Mimblewimble implementation. The creator of the cryptocurrency, Charlie Lee, addressed various questions pertaining to these topics in the 25-minute discussion. Addressing the development FUD, Lee stated that this was one of the most common...Read More
Facebook’s Libra cryptocurrency project is offering up to $10,000 to security researchers to find security flaws in its testnet. | Source: Shutterstock Facebook’s cryptocurrency project is offering security researchers from anywhere in the world thousands of dollars to find bugs in its Libra cryptocurrency testnet. The Libra Association, which is in charge of the cryptocurrency...Read More
Controversy continues to surround Tether, as recent market moves have vaulted the crypto into the sixth position on the world’s list of digital assets. As Tether fires up its printers once again, many market commentators wonder if this will lead to a sustained BTC prop above the 10K level. Controversial cryptocurrency Tether continues to make...Read More
Tether is back in the news, but this time it’s just moving house. Large numbers of the controversial dollar-valued token are migrating to Ethereum from Bitcoin’s OMNI layer, resulting in a boom in active USDT-ETH addresses. A Coin Metrics State of the Network analysis, released August 27, 2019, reports that the number of USDT-ETH active...Read More
Street cred, meet Decred. For reasons we don’t entirely follow, the crypto OG has released a short-form rap track to help announce its new privacy credentials. Because hell, why not? And to our Ginuwine astonishment, it’s actually pretty damn good. For the lyrically-minded among you, the poetry is reproduced below. Decred (DCR) has today unveiled...Read More
In July 2019, the United States Fed cut rates by 25 basis points, causing a massive sell-off across most assets and further fueling global economic concerns surrounding a growing trade war between the United States and China. The constant back-and-forth flip-flopping between the two country’s leaders is creating much uncertainty and fear in global markets,...Read More
Ripple’s efforts towards XRP adoption led to a partnership with SBI Holdings, which led the way to a joint venture “SBI Ripple Asia”, to promote the use of the Virtual currency in Asian markets. Under the said partnership, SBI announced Shareholder Benefits Campaign to grant them with 30 XRP, on August 28. An excerpt from...Read More
Currently employed methods used by traditional financial system make it difficult for the system to maintain records effectively and efficiently. In light of the same, OKEx aims to simplify the entire process by integrating the platform with blockchain technology. OKEx aims to fill the gap in a cost-effective way. With a wider user base, OKEx...Read More
Economists have long recognized the relationship between economic growth and investment in R&D. The correlation is as strong as it is intuitive: more investment in innovation leads to greater productivity, driving economic growth. Economic history also teaches us another lesson: alongside advertising and capital expenditure, investment in R&D is one of the first areas where...Read More
The latest Binance Research, while showcasing China’s CBDC initiative, highlighted its possibility of being a renminbi (RMB) replacement. Creating a buzz in the context, the report read, “The People’s Bank of China plans to replace China’s M0 money supply with its CBDC. Several potential improvement areas were discussed as reasons to justify this move including...Read More
Chainlink Price Analysis (LINK/USD) On an hourly chart, the current price of LINK/USD pair is hovering around $2.0635 having dropped slightly from yesterday’s closing price of $2.0286. This approximates to a drop of 1.7% over the last 24hrs. LINK/USD has also undergone through a high volatility trading up and down ranging between the key resistance...Read More
China’s aggressive push towards cryptocurrency has forced global economies to ensure a common-ground for crypto-innovations within their jurisdictions. Taking a closer into the Chinese government’s crypto initiative, Binance Research released a report that details on the People’s Bank of China’s (PBoC) proposed digital legal tender. Highlighting the primary concern, the report stated, “Following Facebook’s recent...Read More
Tron-backed BitTorrent grabbed the attention of the crypto-community yet again after it announced the internal testing of its live social streaming platform. Testing will be carried out in the present quarter by combining blockchain technology with a community live streaming application. This new feature will empower users by connecting them with others at a global...Read More
Craig Wright says the judge’s recent ruling in the $10 billion bitcoin lawsuit brought by the estate of Dave Kleiman proves he’s Satoshi Nakamoto. | Source: YouTube/CoinGeek (i), Shutterstock (ii). Image Edited by CCN. Self-proclaimed bitcoin inventor Craig Wright remains unfazed after Judge Bruce Reinhart ruled against him in the $10 billion lawsuit brought by...Read More
Bitcoin futures platform Bakkt recently took the lead in terms of delivering substantial innovation for the crypto community. As per the company’s latest announcement over Twitter, “On Sept 6, our Warehouse will begin offering secure storage of customer bitcoin to prepare for the launch of Bakkt Bitcoin Daily & Monthly Futures when they launch on...Read More
Wietse Wind, XRPL developer, creator of the XRPTipBot and XRP Text, announced on Twitter today that the XRPL Testnet provided by Ripple had been reset. Please note: the XRPL Testnet provided by @Ripple has been reset (this happens every now and then: a fresh testnet ?). I just gave the @XRPLLabs testnet node (wss://testnet.xrpl-labs.com) a...Read More
Telegram has announced it will launch its own cryptocurrency as soon as October, sources have said, in a direct move against Facebook Libra. Sources: Gram Cryptocurrency To Appear By October 31 Speaking to the New York Times on August 27, three anonymous investors said that Telegram had confirmed the issuance of its Gram tokens would...Read More
Between dead partners, blind trusts and mythical Bitcoin billions, the web weaved by Craig Wright continues to get more and more tangled by the day. | Source: Shutterstock The judge presiding over the Kleiman vs. Wright trial ruled that 50% of all Bitcoin-related intellectual property created by Craig Wright prior to 2013 must be handed...Read More
When you think of popular social media platforms, Ethereum Classic (ETC) is probably not the first one that comes to mind. But that could change with a new social media dApp on the sixteenth-largest blockchain network. Ethereum Classic Labs has announced a partnership with iZbreaker, a new social media dApp that will launch on the...Read More
Litecoin’s hash rate has declined by over 30% since its block size halving event earlier this month, the latest data shows. Litecoin Trades At Lows Against USD The increasingly troubled altcoin, currently the fifth-largest cryptocurrency by market cap, has lost 30% of its value since the halving, which occurred on August 5. Data from monitoring...Read More
On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like...Read More
It isn’t looking good for Bitcoin Cash in the short-term, with a plausible 50% retreat in the offing. | Source: Shutterstock Bitcoin Cash may be a good pick for long-term investors due to its strengthening fundamentals. However, the cryptocurrency’s prospects in the short-term are not looking great. The first bitcoin fork is struggling to keep...Read More
Is $10,000 really a magic number for Bitcoin? Do traders care if it trades above or below this mark? It certainly seems so. Bitcoin is trapped in an extremely narrow trading range as we head into the U.S session, following another minor bounce from just above the $10,000 support level. With Bitcoin close to posting...Read More
