The Electric Coin Company (ECC), the developer of second-biggest anoncoin Zcash (ZEC), has reneged on its declared intent to share its trademark with the non-profit Zcash Foundation. The decision has — from the perspective of the Foundation — lowered the Zcash ecosystem to the level of “decentralization theater,” according to an official blog post on...Read More
Bitcoin (BTC) price was targeting $10,500 on Sept. 3 as the latest renaissance for the largest cryptocurrency saw it deliver surprise gains. Market visualization. Source: Coin360 Bitcoin price reverses losses to challenge $10.5K Data from Coin360 tracked BTC/USD as it rose 6.2% in 24 hours beginning Monday night. After trailing around $9,700, the pair suddenly...Read More
View Bitcoin’s price recovery from the Aug. 29 low of $9,320 is backed by an uptick in the dominance rate to 30-month highs. Weak trading volumes, however, indicate the recovery could be short-lived and a fall back to $9,750 could be in the offing in the next day or two. Weekly chart indicators continue to...Read More
Bakkt has been approved, and starting Sept. 6, clients will be able to deposit their funds into the Bakkt Warehouse, in anticipation of trading beginning on Sept. 23. Is this time different or will the market reaction to this latest institutional product launch echo that of the CBOE futures launch in December 2017 — which...Read More
Battle of Binance Futures 10,000 BNB and 50% trading fee discount for a full month up for grabs Binance has announced the launch of two Binance Futures Testnet platforms and conducting a competition to allow its customers to choose one. In this “Battle for Binance Futures,” the world’s leading cryptocurrency exchange is giving away a...Read More
Monday, Sept. 2 — Bitcoin (BTC) was fighting resistance close to $10,000 as fresh energy appeared to flow into markets. Market visualization. Source: Coin360 Bitcoin attempts to crack $10,000 barrier Data from Coin360 showed BTC/USD was up 2.25% on Monday — climbing through $9,800 to challenge a ceiling it failed to break the day before. At publishing...Read More
Bitcoin’s price action has stalled beneath the 100-day moving average, signalling indecision and increasing the odds of another sell-off. The daily technicals (RSI and awesome oscillator) show no signs of a relief in bearish selling pressure, at least not for the next few days. Should the bulls conceit defeat this week, expect another retest of...Read More
Crypto market commentator Josh Rager has accused Tron founder Justin Sun of buying 5-6,000 Twitter followers per day. In a tweet posted on Sept. 1, Rager claimed: “Looks like you’re still buying 5,000 to 6,000 followers per day. My favorite stat is how you went from losing net-negative followers per month to gaining 5k followers...Read More
Bitcoin (BTC) trading below or above $10,000 USD is becoming much of a benchmark for bearish and bullish traders respectively. However, zooming out the charts, a very bullish sign appears on the monthly candles. Since the start of August, the price of Bitcoin has oscillated around the psychological barrier and is currently trading at $9777...Read More
Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published on Sept. 2. Per the report, he said that private currencies have little or no prospect of...Read More
Seychelles-based securities exchange MERJ — which listed the first regulated security token on a national stock market — plans to distribute its equity to Europe via a partnership with blockchain service provider Globacap. A Globacap press release published on Aug. 29 revealed that MERJ now plans an initial public offering (IPO) to distribute company equity...Read More
Like most altcoins, Ethereum has seen its market recovery stagnate over the past few weeks. Nevertheless, development of the platform is aggressively moving ahead. A major upgrade, named Istanbul, is expected to take place in September and network usage continues to grow. This progress has once again highlighted the scaling challenges facing the platform, which...Read More
Former blockchain firm ConsenSys’ ventures head Kavita Gupta joined security token project Dusk Network. As industry news outlet The Block reported on Aug. 30, Gupta joined Dusk Network, an Amsterdam-based startup trying to help companies tokenize their equity shares. Dusk Network co-founder Mels Dees claims that the company is also working with a regulated European...Read More
Currently, Bitcoin is trading around $9,500 While one analyst says there is still more resistance, another one says we never had 3 red candles in a row in bull market ”Possibility that BTC has entered fourth parabolic phase,” Peter Brandt Bitcoin has turned green yet again but barely. After tumbling to $9,300 level this week,...Read More
Electric Coin Company (ECC), the firm behind privacy-centric cryptocurrency Zcash (ZEC), reported financial losses in Q1 2019. According to the Q3 2019 report published on Aug. 29, the firm operated at an average monthly deficit of $186,000 during the first quarter of the year. Operating at a loss The company reportedly was receiving 6,157 ZEC...Read More
BitMEX investors spooked by CFTC probe 50,000 BTC were withdrawn from the platform in July During this time, Binance flows rose dramatically In July, the US regulator Commodity and Futures Trading Commission (CFTC) started probing BitMEX, a leading crypto derivatives platform that offers 100x margin trading services to non-accredited investors. The months-long probe is focused...Read More
The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of the USSR) have lured miners with cheap electricity. The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing...Read More
Telegram Open Network’s (TON) blockchain will allow developers to port their Ethereum (ETH) smart contracts. As industry news outlet CoinDesk reported on Aug. 30, software startup TON Labs managed by Telegram’s token offering investors is building a Solidity compiler for its blockchain. This programming language is primarily used to develop smart contracts in the Ethereum...Read More
Bitcoin price drops to $63 and hash rate takes a hit of 39% LTC price doesn’t have a relationship with stock to flow Bitcoin bull market has just started, with 100x opportunity On August 5th, Litecoin halving went into effect and the reward was cut into half. The price had already enjoyed a good surge,...Read More
Ripple continues to expand its services, and focus on its core mission of becoming a blockchain-based protocol for fiat transfers. There is no longer any doubt that it can perform this function vastly better than the archaic SWIFT Network that it seeks to replace, and more banks continue to adopt it. Nevertheless, the XRP coin,...Read More
For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a national digital currency, Walmart began developing its own blockchain, Binance launching the Venus project, and Pavel Durov’s TON finally shared its release date....Read More
Telegram Open Network’s (TON) blockchain public testing will launch on Sept. 1, according to one of the investors. On Aug. 28, Russian news outlet Vedomosti quoted an anonymous TON investor claiming to have learned this information from the development team, and the head of one of the companies that participated in the testing so far....Read More
If Bitcoin Breaks Down Here, will Fell to $8,700s “Buy the rumor, sell the news” Since dropping to nearly $9,300 level yesterday, Bitcoin is back above $9,500. August has resulted in a red month. However, despite seeing $9,150 this month, Bitcoin is down by just 2.63% from where it started in August. BTC/USD is still...Read More
Bitcoin (BTC) price climbed back above $9,500 on Aug. 30 as the largest cryptocurrency continued to grapple with the fallout of this week’s sudden losses. Market visualization. Source: Coin360 Bitcoin traders brace for return to $8Ks Data from Coin360 showed BTC/USD staging a modest recovery on Friday, reaching daily highs of $9,590. Markets had slid...Read More
Friday, Aug. 30 — after seeing some growth on the day, crypto markets are trading sideways, with top-20 coins by market cap sending mixed signals. Market visualization. Source: Coin360 Bitcoin (BTC), which managed to climb over $9,600 earlier today, is now trading at $9,531, up around 0.1% on the day at press time. Bitcoin dropped...Read More
UnionBank has released a digital currency dubbed PHX. According to the Philippine Star, the Bank will use the Stable coin to carry out transactions via the Blockchain. Aside from being the biggest bank in the Philippines, the financial establishment is now the first in the archipelagic country to develop a cryptocurrency. The bank joins other...Read More
Some members of the CoinDesk team will be holding an On Tap event in Tel Aviv on September 12 and we’d love to see you there. You’ll be able to join Leigh Cuen and Daniel Kuhn at Drama Tel Aviv from 8pm to 10:30pm. The goal is to meet some cool people in the ecosystem...Read More
Following integration with major cryptos, South Korean tech giant Samsung expands the coins supported by the Galaxy S10 device with three stablecoins. According to a U.today report on Aug. 30, Samsung’s new flagship smartphone now supports three stablecoins, including TrueUSD (TUSD), Maker (MKR) and USD Coin (USDC). 33 cryptos totally supported Additionally, Samsung Galaxy S10...Read More
Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency. In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project. He also confirmed previous rumors that Venus will be...Read More
Bitcoin now stands alone in the top 10 cryptocurrencies by market value at CoinMarketCap, with the rest having fallen below a key long-term moving average. The top 10 cryptocurrencies by market value, ether (ETH), XRP, bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), EOS, bitcoin SV (BSV) and stellar (XLM), have now all closed firmly...Read More
