Travelport, a travel industry tech company, is teaming up with IBM and travel management company BCD Travel to streamline the hotel commission process with blockchain technology. Using a distributed ledger system, the partners aim to manage hotel bookings and commissions in a more efficient and unified process. It would enable simpler tracking and accounting for payments...Read More
Photo: IBM / Twitter In the travel industry, one of the major problems the travel supply chain must solve is hotel commission processing – usually a pretty expensive challenge for travel agencies and hotels that also influences the booking experience for travelers. Nowadays, with today’s endless options for booking accommodations, the agencies that support travelers...Read More
Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth.Bitcoin steady as global regulators set to discuss economic stimulus this week | Image Credits: TradingView.comThe top cryptocurrency dropped by $242, or 2.21 percent, to $10,705 as of 16:48 Shanghai time. The move downhill appeared...Read More
Huobi Group is continuing its foray into decentralized finance (DeFi) with support for MakerDAO and Compound Protocol, as per a press release, August 19, 2019. MakerDAO at one point had over half a billion dollars worth of value locked in the system, making it one of the most successful use cases of Ethereum and blockchain...Read More
One of the few go-to financial service providers that are Bitcoin and Crypto friendly, Silvergate Bank, is looking to expand its services to include crypto-currency lending, according to an updated IPO filing. Loans for institutional Investors Silvergate Bank provides financial services to some of the industry’s top companies such as Coinbase, Bitstamp, and Xapo. According...Read More
The former head of the Securities and Exchange Commission’s (SEC) Cyber Unit is moving to private practice. Robert A. Cohen will join the corporate law firm Davis Polk & Wardwell LLP as partner. The firm is known for representing several crypto firms including Coinbase, as well as large legacy financial institutions, according to a Wall...Read More
The founders of the Gemini crypto exchange, Tyler and Cameron Winklevoss, have stated that they are open to join Mark Zuckerberg’s Libra Association. It seems that the twins, which have been in a legal settlement over the ownership of the Facebook website, will not let past disputes interfere with the possibility of a partnership with...Read More
Bitcoin has failed the $11,000 test again although it was a pretty half-hearted attempt. Touching $10,948 on Coinbase, the price quickly retreated to currently trade at . Just as the 200 MA on the day chart is providing support, it is the 4-hour 200 MA that s the resistance that could prove a hard nut...Read More
Litecoin is struggling to move price back above the technically important $96.00 level and remains capped below its 200-day moving average The daily time frame continues to show a bearish head and shoulders pattern with the $50.00 level as the overall downside target Litecoin appears relatively unsteady on Tuesday, after the fifth largest cryptocurrency by...Read More
The New York Supreme Court ruled that the matter between the state’s Attorney General and iFinex, the parent company of the exchange Bitfinex, may continue. The New York Supreme Court ordered the New York Office of the Attorney General (NYAG) to process with their investigation and prosecution of iFinex, the parent company of cryptocurrency exchange...Read More
Crypto sector has been waiting for the launch of Bitcoin futures trading platform Bakkt for a long time now. This should happen finally at September 23. Within 48 hours after the big reveal, Bitcoin surged by 10 percent. Owner of the New York Stock Exchange, International Exchange, will finally start offering futures contracts paid out...Read More
Bitcoin (BTC) price slid from levels near $11,000 Aug. 20 as momentum which sparked bullish sentiment at the start of the week fizzled. Market visualization. Source: Coin360 Bitcoin lingers below $11K resistance Data from Coin360 showed BTC/USD abandoning its shot at passing $11,000, having risen from levels near $10,700 on Monday. The pair was trading...Read More
Photo: Cere Network Binance Labs, together with a row of other prominent financials, including Fenbushi Capital, Neo Global Capital, Arrington XRP, is investing $3.5 million in blockchain-focused Customer Relationship Management (CRM) startup, anticipating to unite enterprise giant names onto the Binance Chain and intensify enterprise blockchain acceptance. So far Cere Network, a former participant of...Read More
The People’s Bank of China (PBoC) set to launch it’s government-backed digital currency, CDBC. It is after 5 years of research says a China Daily report on 20th Aug. Experts also claim that Libra launch has triggered the launch. Pilot testing has already started and many state-owned companies are tying up with banks to test...Read More
Bitcoin has been in a dilemma ever since it hit the $13,800 mark on June 26, with the price having collapsed by 30% since then. A new dilemma that has now engulfed Bitcoin is the rising wedge pattern and the direction of its breakout. Source: TradingView As seen in the chart above, the price of...Read More
An indicator reveals the hype game of few cryptocurrencies. Research platform “The Tie” shared a detail report on which cryptocurrencies are the most and the least overhyped on crypto Twitter. TRX, XLM, and LTC are not overhyped Often, crypto projects run the race of capturing most audience and users via bot accounts tweeting about them,...Read More
During his recent interview, Vitalik Buterin stressed on key factors of scalability, account security and usability which will steer ahead of the mass adoption of digital currencies. The cryptocurrency community is closely watching all the developments taking place in the Ethereum ecosystem. Over the last year, Ethereum developers have been rigorously working on improving the...Read More
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in...Read More
You couldn’t make it up… except of course, that someone did. Following the interesting first part of the latest self-proclaimed Satoshi Nakamoto ‘reveal’, part two gave us an actual name. Unfortunately it gave us little in the way of compelling evidence to convince us that this was the name of the man who created Bitcoin. It all came...Read More
For the longest time, Bitcoin (BTC) has been viewed as something with no inherent value.Legendary investor Warren Buffett, for instance, once called the cryptocurrency “rat poison squared”, later explaining that there isn’t much inherent value in the project. Other notable players in finance and politics, including U.S. President Donald Trump, have echoed this analysis, using...Read More
The cryptocurrency industry needs a weekly dose of drama. When there are no scams or dubious investments to discuss, the conversation usually turns to social media. Some very interesting things are going on regarding the @Bitcoin account on Twitter. It has seemingly dropped all support for Bitcoin Cash. This is widely considered to be a...Read More
In less than a month of its launch, BiboxEurope – the European arm of AI-enhanced digital asset exchange platform Bibox has added another feather to its cap by announcing the launch of its Insta-Buy feature. The new feature will now enable BiboxEurope users to buy cryptocurrencies from within the platform using well-known credit cards.The Insta-Buy...Read More
View Bitcoin has created a rising wedge pattern on the 4-hour chart. A wedge breakdown, if confirmed, could yield a drop to levels below $10,000. Bitcoin’s recent recovery from $9,467 lacked high-volume support, so a rising wedge breakdown looks likely. The weekly chart is also flashing bearish signals. A high-volume move above $11,000 would invalidate...Read More
Bitcoin has often been compared with gold as it shares a number of similar traits. Both are safe haven assets, immune from government meddling, and both have a strong perception of scarcity. One veteran investor sees a strong demand for bitcoin and crypto assets as a bullish indicator for gold prices.Rise of Crypto Currencies Good...Read More
The Cryptocurrency vs RBI case resumed the hearing today i.e on 20/8/2019 in Supreme Court, Court No. 5. According to a series of tweets by Crypto Kanoon, the counsel for IAMAI, Ashim Sood, started the session by explaining examples of various countries and states and how they went about regulating cryptocurrency. He also explained the...Read More
The cryptocurrency market can be divided into spot trading and derivative trading. Today, we shall be focusing on what are crypto derivatives and how they can be used. What are derivatives? First things first. What is a derivative? A derivative is defined as a financial contract between two or more parties, which want to buy...Read More
Photo: INX / Twitter INX Limited is a cryptocurrency exchange startup which plans to do an IPO as their token sale. The main difference is that this time the whole party wants to be properly regulated. While it is known that the 2017 ICO craze was completely unregulated and everybody could get away with it,...Read More
Ethereum’s failed attempt to correct above $205 culminates in a retreat under $200. The prevailing trend is strongly bearish especially with the RSI heading south. Ethereum formidable move from last week’s lows smashed through $200 hurdle. However, the failure to break above $205 allowed the sellers an easy-takeover. For this reason, Ethereum is retreating below...Read More
Former rivals may unite to back Facebook’s cryptocurrency’s effort. According to the brothers, the partnership will further their vision of mainstream cryptocurrency adoption. Identical twins Cameron and Tyler Winklevoss – who are perhaps most famous for accusing their former Harvard classmate Mark Zuckerberg of stealing their idea for what has become the world’s largest social...Read More
