October 17, 2019

No silver lining for Litecoin on breaching descending triangle

Litecoin has been struggling throughout 2019, and its price has seen on a constant decline since the start of July. Litecoin community had great hopes for the halving which took place in August, but the event failed to have an impact on the altcoin’s price. Litecoin was trading at $53.85 at press time with a...
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8Pay Sponsors DeFi Project of the Year 2019 Award at Europe’s Largest Blockchain Conference

8Pay, an automated payment solution built on the Ethereum network, will sponsor the DeFi Project of the Year Award at the forthcoming Malta AI & Blockchain Summit. Europe’s largest blockchain conference will host creative minds from the industry and recognise the year’s milestones and achievements on 7 November at Malta’s Intercontinental Hotel. As well as...
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XRP Surges 5% as Annual Swell Pump Quickly Nears

After incurring an influx of selling pressure yesterday, Bitcoin has been able to climb slightly today, which has allowed XRP to surge nearly 5%, leading it to quickly approach the $0.30 region that was previously a strong level of support for the cryptocurrency.Analysts are now noting that XRP may soon surge significantly, which could be...
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USDC Beats Tether in Gaining Mainstream Adoption

The growing popularity of stablecoins is slowly causing a major shift to occur. The first of these assets has now found a use outside of the cryptocurrency industry as well. The USDC stablecoin will now be accepted for tax payments in Bermuda. Although this is still a niche use case, it goes to show some...
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Bitcoin could become store of value, as institutional interest increases

Institutional interest in Bitcoin has seen a significant rise in 2019, as several derivative financial products on top of Bitcoin have flooded the market. Active exposure of these investors to the digital asset realm has brought back the debate about whether Bitcoin is the new “store of value.” According to Grayscale’s managing director Michael Sonnenshein,...
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Bitpanda Launches Quick Payment Service for Fiat Settlement

Viennese cryptocurrency exchange Bitpanda has launched Bitpanda Pay, a service designed to let users transfer funds directly from their Bitpanda accounts into EU bank accounts and to pay their bills. Announced in an official blog post on October 16, 2019, the new service lets customers send funds from their exchange accounts to any International Bank...
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Bitcoin Actually Accepted? Luxury Car Firm Explores Blockchain and Crypto Payments

Karma Automotive, a luxury car manufacturer based in California, has just announced its intentions to explore blockchain technology with its shareholders. The means by which the firm intends to this is by accepting Bitcoin.Although NewsBTC has featured many so-called Bitcoin acceptance stories in the past, this one appears to have a big difference. Karma Automotive...
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Ethereum Enters A Descending Triangle As Analysts Expect Further Losses

The Bitcoin (BTC) dominance remains high today at 66.3% and so does the amount of attention that traders are dedicating to the largest digital asset and its price action, the cryptonews show. The move from $7,800 to $8,850 last week has led to the BTC consolidation period which we are seeing now – and one...
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KuMEX to launch Bitcoin monthly futures product

KuCoin founder and CEO, Michael Gan, recently announced at the Blockchain Life 2019 Forum in Moscow, Russia, that their Futures Platform KuMEX will launch a Bitcoin monthly contracts product in a few weeks. At the forum, Gan said KuMEX planned to increase retail participation by reducing the minimum investment required, and that the low penetration...
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EOS Gets Down By 8 Percent-The Lowest Since Its Recent High

The online travel agency from Spain has recently expanded its payment methods and added a lot of new possibilities in the form of cryptocurrencies. Destinia launches crypto payments in five cryptocurrencies available to all users in Spain. The firm has been known and featured in the crypto news before for allowing purchases through Bitcoin.However, the...
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Bitcoin May Have Room to Run Before Downtrend Continues

After plummeting below $8,000 overnight, Bitcoin’s bulls were able to propel the crypto slightly higher, showing signs that bulls are not ready to let the cryptocurrency drop lower in the near-term, which could mean that bulls will garner greater strength in the near-term that could help propel BTC higher.Analysts are noting that Bitcoin likely has...
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Nexo Co-Founder Still Believes In The ‘’Value Proposition’’ Of Libra

The Nexo co-founder Antoni Trenchev stated that he still believes in the ‘’value proposition of the Libra project’’ and that his company will integrate it into its loans and payment processes systems as we are about to read Nexo news below. Nexo was founded in 2017 and it was the world’s first financial services company...
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Tezos Foundation Enters Partnership With Globalcap For Markets Automation

The Tezos Foundation has entered into a strategic partnership with Globalcap in order to speed up the closure of capital markets into the digital age. Tezos is a Swiss non-profit foundation that pushes for political, economical and social innovation through blockchain technology and we find out more about it in the Tezos news today. Globalcap...
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Huobi’s Trading Market Shows Strong Results After Successful Token Burn

The major Bitcoin exchange Huobi is in our latest cryptocurrency news for launching an over-the-counter (OTC) trading desk for institutional investors. According to an official blog post on May 15, the new Huobi OTC Desk (which is its name too) will be fully regulated by the Gibraltar Financial Services Commission (FSC) and is designed to...
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SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom

The Simple Ledger Protocol (SLP) has come a long way since its inception and more than 4,900 SLP tokens have been created to date. During the last few months, SLP usage has grown significantly with people constructing various types of unique ideas that create more use cases for these token concepts. Also read: SEC Commissioner...
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Cardano Finds New Footing With New Balance Partnership

Proving the origin and authenticity of retail products has often been proposed as one of the key use cases of blockchain, but it was largely the turf of companies like VeChain and recently, IBM. Cardano is now jumping into this field with both feet through a collaboration with New Balance, the athletic wear and sneaker brand....
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Blockstream Green Wallet Adds Early Access Tor Integration

Privacy and a clean UX design have often been at odds in cryptocurrency apps. But there’s no reason why a bitcoin wallet app can’t have both.  Blockstream’s newest version (3.2.4) of its bitcoin wallet, Blockstream Green, is a legitimate step forward in combining these two attributes that have previously proven to be far more complex...
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Bitcoin Ponzi Busted: Nevada Firm Charged With $11 Million Crypto Fraud

Circle Society, Corp., and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.The charges have been brought by the CFTC. Curiously, the chair of the US financial regulator said such scams were...
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Texas State Securities Board Charges Two Suspicious Crypto Firms

The Texas State Securities Board announced on Wednesday that it had completed the second regulatory crackdown on cryptocurrency services. The regulator’s Enforcement Division required two allegedly fake crypto firms to cease their activities. Bogus Crypto Firms Mislead Investors The Austin-based securities board accused PK Crypto Investment and Cyp Miner of presenting false and misleading information...
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Bank of America Tests Ripple’s DLT but Has No Plans to Use XRP Yet

Without loud announcements, Bank of America has conducted testing of Ripple’s distributed ledger technology. And it may seem that it won’t stop at this stage. Bank of America, one of the most prominent banks in the United States, has taken a bold step by adopting Blockchain technology after testing out Ripple’s Distributed Ledger Technology (DLT)...
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Binance U.S. to move slower than Binance.com: Catherine Coley

While Binance continues its efforts into delivering its growing services throughout the globe, Binance U.S. CEO, Catherine Coley featured in a Fortune interview to uncover what it currently meant for the U.S. establishment. According to Coley, the need for creating a U.S. version of Binance was mainly due to the regulations at hand. She added,...
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Data shows autonomous coin Decred has a Power Law relationship with Bitcoin

Decred, a progressive cryptocurrency focused on governance, seems to have a natural connection to Bitcoin, as everything from its coin supply to price has followed Bitcoin’s ups and downs since 2014. Decred has a deep relationship with Bitcoin Bitcoin, the world’s first and largest cryptocurrency, has inspired thousands of digital assets, all of which were...
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Bitcoin Testing Weekly Moving Average That Sparked Last Crypto Bull Market

Now that Bitcoin has broken down from the triangle formation it was trading in, putting an end to months of consolidation, crypto analysts are sifting through Bitcoin price charts hoping to find clues as to what might happen next.The post appeared first on NewsBTC
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SingularityNET Collaborates With TODA To Bring Scalable Marketplace Version

SingularityNET has announced a collaboration with TODA to host its decentralized AI marketplace on the platform. Dubbed Singularity-on-TODA, the new platform will replace all Ethereum-based payment channels with TODA, providing an additional option for agents to conduct their business on. The two platforms will remain separate, however. The collaboration is still in the testing stage,...
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BlockFi Introduces Institutional Services for Digital Assets

BlockFi, a nonbank lender of crypto assets, has announced that it’s opening a new platform for institutional investors.  BlockFi Institutional Services is set “to give market-makers, funds, exchanges, and family offices access to enterprise-grade financing solutions for digital assets,” according to the company. Digital Assets Services for Institutional Investors The drive to serve cryptocurrency investors...
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Meet Matic Network – The Most Talked About ETH Scaling Solution

Photo: Matic Network With a young and digital-savvy population, it’s no surprise that India established itself as a technology powerhouse more than a decade ago. Many multinational corporations took advantage of salary arbitrage to outsource or offshore their IT operations, leading to an explosion in India’s digital economy. As of 2018, the Indian tech industry...
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Bitcoin Core developers largely underpaid in ecosystem: Blockstream dev

Blockchain is the spine on any cryptocurrency project and the same goes for Bitcoin’s ecosystem. Just like every other crypto space, Bitcoin‘s network requires continuous development on the technological front, while dealing with major issues like scalability, transaction speed, and overall security. However, according to a Bitcoin developer, financial restrictions were currently shunting rapid progress....
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Coinbase, Cash App, Remain Top Rated Places To Easily Buy Bitcoin

Cryptocurrencies like Bitcoin or Ethereum are new, emerging financial technologies and assets. The unfamiliarity with the new technology can make getting started in crypto seem like a daunting process.The post appeared first on NewsBTC
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Strategies for AOFEX Digital Currency Financial Derivative NSO

Investors should always make decisions based on their own knowledge. But how can some additional tools like NSO by AOFEX help? Information determines decision-making, but details determine success or failure. That’s the main principle that should be applied to trading and in this article, we will explain to you how it works. JEX was recently...
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104 Addresses Hold 70% of Tether, Research Reveals

The ownership of tether (USDT) turns out to be quite concentrated. According to a recent report, a few addresses control the bulk of the stablecoin, which is widely used by bitcoin traders. The finding comes on top of fresh accusations of creating a bubble levied in a lawsuit against tether’s operators. That adds to the...
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