People’s Bank of China (PBoC) published a notice today stating that the country’s central bank has provided various channels such as email, fax and letter to acquire public opinions, or feedback on a revised draft that under Article 19, under Section 3, the draft proposes to include: Renminbi includes both a physical form and a...Read More
As the world’s largest and most dominant cryptocurrency, Bitcoin obviously shares high correlation stats with many of the market’s altcoins. However, while this may be the case, such a correlation isn’t always consistent or even uniform. The same was evidenced when looking at the price charts for Monero, Synthetix, and Crypto.com Coin, with each of...Read More
The past few weeks have been quite favorable for Bitcoin’s price action. At press time, the coin was testing a key resistance around $13K, and if this resistance is breached, that would take Bitcoin to this year’s ATH. Interestingly, another metric that is quite favorable for many Bitcoiners is its UTXO profitability. According to data...Read More
According to a statement by Changchun Mu, the director of the Chinese Institute of CBDC, China’s dual offline wallet for its CBDC has now been fully developed and is ready for testing. The introduction of this wallet is expected to be the follow up to the pilot, which took place on October 12. This phase...Read More
In an announcement, Stellar said that the Stellar public network will no longer upgrade to Protocol 14 on October 28, skipping straight ahead to Protocol 15. Protocol 15 is reportedly the same as Protocol 14 but fixes an issue that could have caused validators to crash, reports Stellar. After the Stellar testnet upgraded to Protocol 14,...Read More
The last five days have been very bullish for the crypto-market, with the world’s largest cryptocurrency, Bitcoin, pumping by over 15% over the aforementioned time period. In fact, BTC’s latest pump had the crypto climb by over $1,500 on the charts, with BTC even breaching the psychological resistance of $13,000, albeit briefly. Source: CoinStats While...Read More
Founder and CEO of Filecoin, Juan Benet, took to Twitter to clarify that Justin Sun’s accusations of a Filecoin exit scam were completely false. On this Justin Sun bullshit — these accusations are completely FALSE. Neither PL nor any team member sold FIL as he accuses. & the ridiculous magnitude of trade he claims we...Read More
Member of the Executive Board of the European Central Bank Fabio Panetta said in a speech at the ECB conference on Thursday that a digital euro, or the Eurozone’s potential CBDC, could become necessary with evolving consumer preferences, especially if people became reluctant to use cash. In his speech that primarily addressed pan-European payments and...Read More
2020 has turned out to be quite a year for the DeFi space. DeFi’s rapid growth over the course of the year saw it cross the $12 billion-mark in terms of total value locked, with the same bullishness positively impacting popular Bitcoin (BTC) tokenization protocol – Wrapped BTC (WBTC). WBTC, the ERC-20 token on the...Read More
To the delight of bullish investors, a surging market was the highlight of the day, with many of the industry’s altcoins closely aping Bitcoin’s own price movements. At press time, Bitcoin was being traded near the $13,000-level, having risen by over 4.5% in the last 24 hours. Further down the cryptocurrency charts, Stellar Lumens, Cosmos,...Read More
National Police of Tenerife arrested Santiago Fuentes who is accused of defrauding up to 32,000 people in an alleged bitcoin scam, amounting to the tune of about 850 million euros (over $1 billion). The accused is the director of a called ArbiStar 2.0, which is based in Playa Las Americas. Authorities launched an investigation after...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Chainlink and most of the market’s altcoins suffered a brutal crash after the DeFi craze came to a halt. However, there seems to be a revival coming for these altcoins, with some of them...Read More
One of the oldest crypto exchanges, Bitstamp today announced that it has appointed Julian Sawyer as the firm’s new CEO, who was Gemini crypto exchange’s Managing Director for Europe. Sawyer will be taking over from Bitstamp founder, Nejc Kodrič, who will now remain as a member of Bitstamp’s Board of Directors, in a non-executive role....Read More
While Binance is slowing becoming one of the most important names in the cryptocurrency industry, its native token, Binance Coin, is also gaining a lot of traction and interest this year. One of the market’s top performers in 2020, Binance Coin has flipped its objective as just an alternative to avoid transaction fees. Source: BNB/USD...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With the DeFi craze dying, DeFi coins seem to be really calm. DOT is sharing the same calmness, as its price has seen a 45+% retracement since September. For more than a month now,...Read More
An official from the Russian Central Bank’s National Banking Council, Anatoly Aksakov said that Russia’s CBDC, the digital ruble, would be the “future” of all money circulation in the country, and that the CBDC will start being tested, “possibly” in 2021. This development follows an earlier announcement from the Central Bank regarding the possibility of...Read More
Bitfinex announced today listing of HUMAN Token (HMT) which serves as the medium of exchange which will be used to power the decentralized labor markets built on the HUMAN Protocol. Deposits for HMT on Bitfinex will open on October 27, while Trading of HMT with USD and USDT pairs on Bitfinex will go live on October...Read More
Hodling Bitcoin has a whole different meaning in 2020. It is no longer associated with optimistic novice traders who entered the space a gazillion years ago, all hoping for a profitable return. Instead, the trend has been taken over by huge business entities that are eyeing Bitcoin as a long-term investment strategy and as a...Read More
Owner of the Bitfinex crypto exchange, iFinex announced today integration with cross-chain system pNetwork (pTokens network) which would enable BTC, ETH and LTC to automatically be tokenized, and moved on to DeFi blockchains directly from the Bitfinex platform. pNetwork is the decentralized governance layer operating the pTokens bridges. pTokens makes cryptocurrencies “compatible” with blockchains, such...Read More
In what is a significant development, Algorand will be partnering with VeriTX to build a digital marketplace for Aerospace Manufacturing. In a recent announcement, VeriTX Corp, a marketplace for digital assets enabling decentralized manufacturing, said it will develop a digital supply chain for aircraft parts using Algorand‘s blockchain technology. The VeriTX digital marketplace allows customers...Read More
Binance Coin’s price on the charts has been on a steady uptrend for a few months now. The past 24-hours further strengthened this narrative as the price saw a 2.5 percent hike. With the coin’s price action being limited to an ascending channel formation a downward breakout for the coin cannot be ruled out. At...Read More
Proving to be one of the market’s top-performing digital assets on the charts, Bitcoin Cash was quick to add over 6% to its value in lieu of the prevailing bull market. Decred too was painted in green, with northbound price momentum in the DCR market likely to push the cryptocurrency towards its immediate resistance level....Read More
According to a recent announcement, Class A Units of 3iQ’s The Bitcoin Fund have begun trading in Canadian dollars on the Toronto Stock Exchange under the symbol “QBTC.” The trade was initiated on the 20th of October. This is a crucial development, with the importance of the same highlighted by Fred Pye, President & CEO...Read More
Barring a few digital assets such as Zcash that continued to remain bearish, a swirl of bullish momentum was witnessed in the rest of the crypto market. Towards the end of the day, Bitcoin too gained over 3% since yesterday. Noting some losses in Zcash, impressive bullish sentiments were visible on the trading charts of...Read More
It seems that not everybody from the crypto community has warmed up to PayPal’s decision to venture into the crypto market. In a tweet calling out the payment giant’s move into crypto, Ripple CEO Brad Garlinghouse said he was disappointed with Paypal’s upcoming crypto integration since he believed this would spur the benefits of crypto...Read More
After witnessing a brief sell-off period just two days back, the privacy coin Monero regained its bullishness. The presence of bearish sentiment was confirmed by the moving averages for Crypto.com Coin, with the digital asset falling back to its June 2019 lows. Given Synthetix’s persistent downtrend and a clear bearish outlook, the SNX market was likely...Read More
With several blockchains integrating the USDC stablecoin last week, crypto payments tech firm Circle announced today that it would now make the dollar-backed stablecoin available for the Solana blockchain, after partnering with the firm. According to Circle, Solana, the blockchain behind decentralized exchange Serum, supports up to 50,000 transactions per second (tps). This surpasses Ethereum’s...Read More
Binance Coin broke beneath its uptrend of the past month, although this could be a temporary haven for the asset than a reversal in trend. Cosmos had bearish momentum while Dash experienced a period of high volatility and registered big gains but was unable to hold on to them all. Binance Coin [BNB] Source: BNB/USDT...Read More
A favorable week for Bitcoin in which the coin witnessed a price hike of 7% at press time. While Ethereum’s price hasn’t set the market on fire, its on-chain numbers were better over the past week in comparison to Bitcoin. Coinmetrics’ recent report suggested that Bitcoin’s active addresses were down by 2.7% and its transaction...Read More
With a bullish sentiment reaffirmed by EOS’s technical indicators, the altcoin was on its way to breach a key resistance level over the next few trading sessions. IOTA traders speculated the rise of bullish sentiment, but a weakening buying sentiment could soon cause a trend reversal for the altcoin. FTX token, on the other hand,...Read More
