September 26, 2019

As Ethereum Price Drops, DAI Holds Well Against USD

After the Bitcoin rally subsided back in 2018, there was a lot of talk that the world’s second-biggest cryptocurrency, Ethereum, had the potential to eventually upstage BTC. It did not seem like the most unrealistic claim at the time, but over the past months, it has become abundantly clear that this is unlikely to happen...
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Peter Schiff says Bitcoin investors made losses of 40% compared to gold over the same period

Digital currency asset management company, Grayscale Investments had launched a marketing campaign dubbed #DropGold back in May this year. The campaign advocated Bitcoin as an alternative to investing in gold. Peter Schiff, CEO of Euro Pacific Capital and Chairman of SchiffGold, was especially not too pleased with the off-the-cuff attack on gold. Known for his...
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Hyperinflation Forces Venezuelan Central Bank to Explore Bitcoin as a Foreign Reserve

When it comes to cryptocurrencies, no stone should be left unturned. That applies to both individuals and entire nations alike. Venezuela, a country known for its rather hostile approach to Bitcoin, might be on the brink of openly embracing the world’s leading cryptocurrency. The national central bank is conducting surveys to see if Bitcoin can...
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Venezuela’s State-Run Oil Company Has a Secret Bitcoin Stockpile

A recent Bloomberg report suggests that the central bank of Venezuela is looking to add both bitcoin and Ethereum to its international basket of currency reserves. The call for digital solutions was trumpeted by state-owned enterprise Petróleos de Venezuela S.A (PDVSA) which is apparently sitting on its own secret stockpile of bitcoin. The energy behemoth...
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Monero’s RandomX concludes testing on private testnet, announces Howard Chu

CTO of Symas Corp. and Monero contributor, Howard Chu, posted today on Monero’s subreddit, announcing that he had concluded testing on the private RandomX testnet successfully. According to the Reddit post, the RandomX proof-of-work algorithm has been merged with Git master and the public testnet seed nodes have been updated. He also stated that the...
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MediConnect Completes PoC to Track Medication Through the Supply Chain

Blockchain startup MediConnect has completed the workflow for the Proof-of-Concept (PoC) designed to track medications through the supply chain and begun integration of online pharmacy UK Meds’ processes to its platform. Tracking medication through the supply chain Per a press release shared with Cointelegraph on Sept. 26, MediConnect established a foundation and methodology for proof...
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Bitflyer Adds Bitcoin Cash Trading Across Europe and the US

Bitflyer has added a selected number of new cryptocurrencies for its European and American clients to trade. Bitcoin cash (BCH) is among the few digital assets now available to buy and sell on all licensed platforms operated by the Japanese company. Also Read: NASA to Launch Bitcoin to the Moon? Space Agency Seeks Crypto Experience...
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Binance Helps UK Police Bring $50M Crypto Criminal to Justice

Leading crypto asset exchange platform Binance has provided information to the UK police force to help bring a fraudster to justice. The unnamed Bulgarian individual pleaded guilty to five counts of fraud and received a custodial sentence for his role in numerous phishing scams.The convicted fraudster had created phishing scripts that he sold via the...
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Yes, BitMEX Liquidations Caused Bitcoin Price to Crash; Here’s How

Liquidity decline caused by BitMEX’s exchange policy is the main reason behind the latest bitcoin (BTC) price crash, latest analysis suggests.  The bitcoin market bloodbath has continued today, with BTC testing the $7750 support a few hours back. It all began yesterday, with the spread widening on BitMEX and futures contracts getting continuously liquidated. Connecting...
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Venezuelan Central Bank Considers Adding Bitcoin to Balance Sheets

Despite operating its own largely unsuccessful, state-backed cryptocurrency, the petro, the central bank of the Bolivarian Republic of Venezuela is also considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies. Cryptocurrency mining has been especially popular in Venezuela for several years, due to factors such as the...
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Bitcoin Lightning network surpasses 10k public nodes

In a shred of hope amid the chaos in the cryptocurrency market, the number of public nodes in the Bitcoin Lightning network has seen a sharp rise. At the time of writing, according to data site 1ml, the number of nodes accounted for 10,002. The total number of channels stood at 36,217. Additionally, the number...
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Altcoins Continue to Tumble, With Top-20 Showing a Sea of Red

Thursday, Sept. 26 — After Tuesday’s sudden crash, altcoins seemingly entered a consolidation phase yesterday and for the better part of today, until signs of a new downward price trend reared its ugly head. Cryptocurrency market daily overview. Source: Coin360 Altcoins are still reeling from Tuesday’s painful correction, which saw double-digit losses. Bitcoin SV (BSV)...
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The IOTA {MIOTA} Foundation welcomes Jelle Millenaar and Antonio Nardella as project records massive gains

IOTA is ranked at #16 above Dash and Chainlink but underneath Huobi Token in the market. The price climbed at a rate of 9.23% in the course of the past 24-hours. This brought MIOTA all the way up to $0.268083 where it presently rests. The trading volume reported stands at roughly $8.91 million, whereas the...
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Potential Bull Signal on Bitcoin Price Chart Hints at Coming Rebound

Bitcoin price is once again falling, and already there are extremely bearish price targets ranging from former bear market support at $6,000, to under $5,000, to a double bottom, and potentially all the way down at $1,000 per BTC.When the market gets this exuberant, it’s often the time for reversal, much like the calls for...
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Users of Nigeria-Based Crypto Wallet Lose $1M in Alleged Exit Scam

Nigerian crypto wallet Satowallet has allegedly pulled off a $1 million exit scam, while the firm cites an unexplained OVH data server error that has kept user funds in limbo. Multiple versions to delay withdrawals After users first reported withdrawal issues in April 2019, Satowallet has been citing different versions of events to account for...
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Bitcoin Scammers Started Impersonating Bakkt Already

Stratford City Hall ransomware attack that happened on April 14th this year where more than 10 bitcoins were demanded has finally been paid as we can see today in the altcoin news below. According to the reports, 10 bitcoins worth at $7500 per BTC was paid by the Stratford City Hall to the hacker who...
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Bitcoin core developer opens draft BIP protocol Erlay for review; promises to reduce bandwidth consumption

Pieter Wuille, one of the most active Bitcoin core developers, has proposed a new BIP protocol called Erlay which would help the network grow further and secure it against numerous attacks. Bitcoin works on the principle of DLT, which is why the security of the network depends on the connectivity among these nodes. As of...
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Litecoin Gets Back To The Lower Border Of The Channel

LTC/USD has been range-bound after an initial recovery attempt from the recent low. At the time of writing, the coin is moving within the short-term upside channel. Litecoin is changing hands at $56.35. The coin is range-bound on Thursday amid market indecision. Cryptocurrency traders try to come to grips with the recent sell-off and figure...
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Venezuela to add Bitcoin and Ethereum in central bank’s reserves

Venezuela, the country that currently suffers from hyperinflation, is reportedly taking steps to adopt cryptocurrencies. The information was highlighted through a tweet from @PattyLaya, which translated to, “Exclusive: Venezuela is conducting internal tests to determine if it can save cryptocurrencies in the central bank’s reserves, helping PDVSA download recent payments in Bitcoin and Ethereum” According...
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Is Venezuela’s Bitcoin Stash Really So Bullish for BTC?

Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank.Naturally, many commentators have celebrated this...
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MediConnect Prescribes Blockchain For Pharmaceutical Industry

Supply chain blockchains aren’t just for tracking your organic vegetables. MediConnect, a new project building a blockchain-based solution to trace and manage prescription medication, has successfully completed the workflow of its Proof of Concept and has begun integrating with online pharmacies. The blockchain project will provide a platform on which prescription medication can be tracked from...
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Binance Staking Platform Launched for 8 Cryptocurrencies

Binance has launched its staking platform that enables users to earn dividends or interest on their digital assets just for depositing them on the platform. Binance, one of the world’s leading cryptocurrency exchanges, on Thursday announced the launch its staking platform that will enable its users to earn cryptocurrencies for only depositing their funds on...
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Stellar (XLM) Price Gains 10% After Coinbase Pro’s New York Listing

Stellar (XLM) price gained up to 10 percent in the last 24 hours after the listing on the Coinbase Pro cryptocurrency exchange in New York as we are reading further in the latest news on altcoin. Stellar is still among the top cryptocurrencies by market cap and is now leading the pack of gainers after...
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Overstock Invests $2 Million In Blockchain-Based ID Company

Overstock invests $2 million in the blockchain-based identity company Evernym via its venture arm –Medici Ventures according to the press release from the company which we have in our Blockchain news today. Medici ventures participate in the Simple agreement for future equity of the blockchain ID company which will be transferred into the preferred stock...
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Bitcoin (BTC) Price Drops To $7750 In 4-Month Low

Chaos hit bitcoin traders once again on September 26 as a fresh drop sent markets sliding below the $8000 mark. BTC/USD Hits Lowest Since Early June According to data from major cryptocurrency exchanges, the largest cryptocurrency shed another $700 in minutes on Thursday.  The lows continue a turbulent week for traders, who in just 3...
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Libra is an Important Crypto Project, Coinbase CEO Says

Echoing Marcus’ forecast that Libra could potentially change the world, Armstrong called Facebook’s project one of the most important cryptocurrency projects in development. A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, you’ve heard...
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XRP Faces Severe Resistance Before The Obvious Plunge To New Lows

The blockchain network and giant Ripple is in the latest cryptocurrency news for filing a controversial motion to dismiss a lawsuit over its allegedly selling unregistered securities. As the news show, Ripple avoids XRP question in the court and dismisses the claims against the investors. In a court filing that was uploaded by Fortune on...
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Next Week Could Be Most Critical Week for Crypto Yet

Every moment in the highly volatile crypto market is an intense one. Prices can skyrocket, then evaporate completely just as fast.The post appeared first on NewsBTC
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Privacy Exchange Beldex To Introduce PoS On Its Monero Blockchain

Privacy exchange Beldex aims to introduce POS on its Monero-based blockchain as we are about to read in the Monero news today. The Estonia-based cryptocurrency exchange announced the news on the official website and the company stated they will be using the PoS for their native token. PoS or Proof of Stake algorithm will bring...
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Cardano (ADA) Fails to Recover; Shows a 5% Decline

Cardano loses 5% in one day and reached 0.038 USD. It may find the next resistance at 0.041 USD. Cardano has seen a decline of 5% in the last 24 hours, and it is now hovering at 0.038 USD. There have been three price swings in this period, and these swings happened in the range...
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