August 24, 2019

DBS Acknowledges Ripple as the Best Cross-boarder Payments Solution

South-East Asia’s leading bank, DBS, referred to Ripple network as the cheapest way to send money across borders. One of the biggest Ripple communities on Twitter, @BankXRP, tweeted about the DBS acknowledgment on 21st Aug on its official handle. Treasury Prism is the online treasury and cash management simulation platform of DBS. The official website...
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Huobi Processed 50% of All PlusToken Withdrawals This Month: Report

Chinese crypto exchange Huobi has seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken to date, new research says. Chinese exchanges prevail New York-based blockchain infrastructure firm Elementus released a study on Aug. 23, claiming that the number of PlusToken withdrawals sent to Huobi exchange has accounted for nearly 50% so...
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Futures trading platform Digitex prepares for public testnet, announces release date

Digitex, a trading platform for crypto futures contracts, announced today that it will be launching its public testnet on Nov. 30, 2019. The exchange plans to open their market starting with BTC/USD perpetual swap contracts. According to the exchange website, contracts for additional coins will be added based on user demand. For market makers and...
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Crypto News From the German-Speaking World: Week in Review

The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed...
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Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

Bitcoin price fights to hold $10,000 support after dipping below the mark several times over the past 12 hours
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Poloniex Set to Repay Flash Crash Losses, Victims Are Not Happy

Some traders on the Poloniex owned crypto Margin trading platform lost a lot of money towards the end of May 2019, when the value of a less popular crypto asset —CLAM experienced an unexpected sharp crash. This led to the overall loss of approximately 1,800 Bitcoins (BTC). While trying to make things right for the...
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Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long

Nowadays, it seems everyone is bearish on Ethereum and its Ether token (ETH) except for Placeholder VC partner Chris Burniske, who, earlier this week, made the case for why he believes ETH/USD is a great long-term investment.  According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its...
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US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

The U.S. FTC settles with alleged crypto pyramid schemes Bitcoin Funding Team and My7Network for a total of over $500,000
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Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that...
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Ethereum May Face 20% Pullback as Key Support Level Grows Weak

Ethereum and the aggregated crypto market has been closely tracking Bitcoin’s price action over the past week, which has resulted in a choppy trading session for ETH that has ultimately led it to drop back towards $185 – which remains a critical support level for the cryptocurrency.Although ETH is likely to find some support around...
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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver,...
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Crypto Tidbits: Bitcoin Hash Rate High, Square Crypto Bags Hire, Libra in Turmoil

Another week, another of Crypto Tidbits. Bitcoin saw a fairly tumultuous week.The cryptocurrency nearly hit $11,000 this week, before falling to $9,900 in a massive 8% sell-off that resulted in a Bitcoin Fear & Greed Index reading of 5 — “extreme fear”. Despite this crazy price action, Coin360 data suggests that BTC is ending the...
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The Bitcoin Price Just Did Something It’s NEVER Done Before

The bitcoin price just did something it has NEVER done before, and it’s great news for bulls who view crypto as a stock market hedge. | Source: Shutterstock By CCN Markets: Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising price of the cryptocurrency in...
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Is Lightning Network the Most Optimum Bitcoin Scaling Solution?

The Lightning Network has been subject to controversy since it’s rise to prominence in 2016. Championed as BTC’s solution to scaling, thousands of people in the Bitcoin community voiced their opinions on how it wouldn’t work. Now, nearly a year and a half later, it is still receiving criticism regarding its centralization, routing issues, and...
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Executive at Ripple Reveals That MoneyGram Has Positively Impacted XRP Volume

According to a recent report, Breanne M. Madigan, the head of global institutional markets team at Ripple which recently formed a partnership with cross border payments giant MoneyGram has made it known that the partnership is already increasing the overall trading volume of XRP. She revealed new numbers from Cryptocompare which revealed that the volume...
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This Is Why You Shouldn’t Use Twitter for Crypto Trading Advice

Crypto Loomdart (@loomdart) recently mocked Beastlorion (@Beastlyorion) for incessantly shilling Cardano (ADA) on Twitter. “Every time you do it dumps” — and indeed, it did. Twitter traders 9 times out of 10 can’t be trusted. This hold true with ‘crypto prophet’ Beastlorion (@Beastlyorion). Tweeting Cardano To Death Beastlorian gave another buy signal recently since “the...
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Facebook Resurrection: Why FB Stock Is Poised for a 25% Rally

Facebook stock suffered a devastating investor exodus last year, but FB shares held the line and are now poised for a 25% surge. | Source: REUTERS / Dado Ruvic By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook...
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Bitcoin Transactions Lead to International Drug Trafficking Ring’s Arrests

Criminals often express their favoritism toward cryptocurrencies. The perceived privacy and anonymity associated with this payment method makes for an excellent tool. In the US, the Treasury is now targeting Chinese drug kingpins. More specifically, they are monitoring Bitcoin revenue streams. That form of payment has become all the more prominent as time went by....
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Bitcoin Drops Below $10,000 as Support Wears Thin

Bitcoin (BTC) has once again found itself caught in the throes of a choppy trading range that provided little clarity as to whether or not it will begin venturing into the four-figure price region, or if it will begin climbing until it retests its year-to-date highs of $13,800.This choppiness has been largely centered around a...
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Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

Saturday, Aug. 24 — crypto markets continued to see red today as Bitcoin (BTC) has dipped below $10,000 price mark several times over the past 12 hours. Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano (ADA) and NEO (NEO), which...
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Ethereum Classic Is Better Than 96 Coins This Week: Up By 30%

The coming altcoin news put Ethereum Classic (ETC) in the focus, showing that it is one of the main cryptocurrencies in the spotlight. The breakout which started on Tuesday and the subsequent correction on Wednesday have put ETC up from 18th to the 16th place in terms of tis total market capitalization. As it stands...
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Price of Bitcoin Drops After Trump’s Critique of Cryptocurrency

The value of Bitcoin recently dropped below $10,000 after President Donald Trump posted a critique of the cryptocurrency on Twitter. President Trump reports he is “not a fan” of cryptocurrency. What does this mean for Bitcoin-investors?  What is Bitcoin? A cryptocurrency is a digital asset designed to work as a medium of exchange that uses...
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The BTC Bull Rally Is “Over” If The Trendline Breaks: Analyst

The recent Bitcoin and altcoin news show that the market is not in a good position – especially since overnight – when BTC started losing a lot from its value and went to a bottom of $9,090. Right now, Bitcoin is at $10,000 and the momentum picked up with a $1,000 candle – just like...
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Each Bitcoin bull market started with miner capitulation, says researcher

Mining difficulty could be an indicator for predicting BTC prices. All three of the major bull runs in Bitcoin’s history started after mining difficulty reached its bottom, meaning the market could see robust gains this year, says crypto researcher PlanB. Predicting Bitcoin bull runs with mining difficulty Despite being known for its incredibly high volatility,...
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US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

Alleged dealer pleads guilty to running a $25 million Bitcoin money-laundering scheme and sale of methamphetamine
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Petition Demanding Ripple Stops “Dumping” XRP Garners Large Support

It’s no secret that XRP – the cryptocurrency that is closely associate to Ripple – has faced its fair share of hate over the past couple of years, but it now appears that some of the cryptocurrency’s largest fans are feeling disillusioned with it. The current climate surrounding XRP has largely been damaged by recent...
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Jeremy Allaire On China’s Cryptocurrency ‘Bypassing’ The Western Rules

The United States Securities and Exchange Commission, better known as SEC, has recently charged the Russian analytical agency ICO Rating for $268,998 because of a violation of the anti-touting provisions. According to an official announcement, the agency was charged with these numbers because of multiple violations. The announcement sees SEC claiming that ICO Rating violated...
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US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals. Terms of settlement According to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as...
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BoE Governor Mark Carney Proposes Global Cryptocurrency

Governor of the Bank of England Mark Carney put forward the idea of replacing the U.S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and...
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Bithumb Will Launch A Cryptocurrency Listing Committee

The latest cryptocurrency news show that the South Korean exchange Bithumb will launch a new committee in September – mainly to deal with the selection of cryptocurrencies which can be traded on the platform. As the South Korean news daily outlet named Yonhap News shows, the formation of Bithumb’s new committee will initiate on August...
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