November 8, 2019

AAX Claims its Exchange Will be ten Times as Fast as Binance

Cryptocurrency exchanges are both a blessing and a curse. Centralized trading platforms are often considered to be slow and unreliable. If Hong Kong-based startup AAX is to be believed, that situation will change relatively soon.  AAX has Big Crypto Ambitions They claim the trading speed of Bitcoin will improve significantly compared to other exchanges.  All...
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MakerDAO Upgrade: Multi-Collateral Dai and Interest on Deposits

MakerDAO is set to introduce the multi-collateral Dai update in 10 days. The new version will allow for Basic Attention Token to be used as collateral in addition to Ethereum ahead of other tokens. The upgrade will also introduce interest on locked-up stablecoin. The multi-collateral Dai update is more comprehensive than the name would suggest....
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XRP Plunges 6% Despite Network Being “Stronger Than Ever”

After a brief attempt to climb above its strong resistance level at $0.30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently sit around $0.26.This bearishness has come about in the midst of Ripple’s highly anticipated Swell event, and as the Ripple CEO...
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Electric Coin Company Donates ZCash Trademark To Zcash Foundation

Electric Coin Company has officially donated the Zcash trademark to the Zcash foundation after they had created the privacy-focused cryptocurrency in 2016 as we are reading further in the Zcash news today. Upon an agreement that was signed on November 6, the Zcash Foundation will be financially responsible for all of the costs associated with...
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Binance.US CEO: Financial literacy crucial to ramping up derivatives market efforts

Recently, Binance.US‘s CEO, Catherine Coley, appeared on Anthony Pompliano’s Off the Chain podcast to discuss her understanding of cryptocurrency markets, and how it came mostly from her experience in FX markets. She said, “I give such credit to people that come into Bitcoin without having any foreign exchange experience. The ability to know the etiquette...
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How Coinbase views proof of work security

Coinbase recently changed the confirmation requirement of four different assets, including reducing Bitcoin confirmation requirement from six confirmations to three. This post describes our views concerning proof of work security that informed our decision to make these changes. By Mark Nesbitt, Security Engineer All cryptocurrencies define a state of ownership within the currency network. In...
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Announcing new confirmation requirements

Coinbase is changing the number of confirmation requirements we require for four assets on the platform. We expect this change to both improve customer experience and security posture. We changed the confirmation requirements for Bitcoin, Litecoin, Zcash, and Ethereum Classic. The table below shows the changes: The confirmation requirements for several of these currencies were...
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Bitcoin Dumps as Bakkt Volume Pumps, Coincidence?

The Bakkt platform is having another good day of trading. The much-hyped Bitcoin futures contracts that disappointed many on first launch has hit another all-time high in daily trading volume, well before its close.Bakkt trading volume is surging whilst Bitcoin has made a considerable move down in price. The price of the number one digital...
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How Crypto Winters of Bitcoin’s Past Compare to Today

Cryptocurrency and bitcoin proponents have been patiently waiting to see if crypto winter is returning as the recent price decline has shaken investors. Digital assets have been meandering aimlessly over the last week and in order to gain some perspective, it’s always good to study the last decade of previous bear market trends. Also read:...
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Cosmos Price Starts A Bullish-Short Term Trajectory: Analysis

Cosmos (ATOM) is one of the coins featured in our coming altcoin news. As Cosmos surges and goes beyond its regular gains, it surprises a lot of people by inserting itself into the top fifteen of the market cap. This is why we decided to give this altcoin a credit in this week’s news.The trade...
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NEO Dapp Activity Is Overtaken By Smaller Networks: Why?

NEO dapp activity seems to be overtaken by some smaller networks since the blockchain is underperforming in the realm of decentralized apps as we are reading further in the Neo Coin news. After pumping in value along with other ‘Chinese’ coins over the past few weeks, NEO got back into the top 20 coins position...
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Binance enables fiat gateways for Euro, Kazakhstani Tenge

Binance’s recent partnership with Advcash has now enabled the crypto–exchange to offer deposits and withdrawals for Euro, Russian Ruble, Ukrainian Hryvnia and Kazakhstani Tenge. In its latest press release, Binance announced, “Users now are able to deposit 4 fiat currencies to their Binance wallet using their credit cards, bank cards, and also from their Advcash...
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California Bitcoin Bandit Is Facing 10 Years For Crypto Armed Robbery

California Bitcoin Bandit, or more specifically a woman from East Hollywood in California, has been convicted of robbery relating to the peer-to-peer bitcoin trades. Lanay Fitzgerald was one of the two people involved in incidents that earned them the moniker ‘discount bitcoin bandits’ as we previously reported in the Bitcoin news. The 29-year old could...
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Tunisia’s E-Dinar Officially Enters the Testing Phase

Various countries mull issuing their own digital currency. To many people’s surprise, Tunisia has made significant strides in digitizing the domestic currency.   That is uncommon among Maghreb countries, yet it also presents new opportunities. The E-Dinar Project Continues It is a well-known secret Tunisia has some tough financial decisions to make. Either they issue additional...
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Malaysia Imposes Restrictions On Cash Transactions: BTC To The Rescue?

Malaysia imposes harsh restrictions on cash transactions and this move could force more people to turn to bitcoin and other cryptocurrencies as a way of getting around such limitations. In our Bitcoin news now, we learn more about the country’s decision. The government of Malaysia wants to impose harsh restrictions on cash transactions as per...
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Bitcoin’s hashrate falls as China’s weather impacts mining

Over the last 30 days, Bitcoin has recorded a major period of volatility, one wherein the world’s largest crypto-asset suffered a fall down to $7536 on 23 October. This depreciation was immediately followed by a major correction of over 40 percent, a correction that saw BTC attain a valuation of $10,340. Despite the quick recovery,...
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Ethereum Is Still Declining And Will Continue Lower In The Short-Term

Microsoft recently launched a new platform for self-issuance of Ethereum based tokens. The question now about ETH’s price and its surge remains: Can Microsoft’s new platform, boost the price? Let’s find out in the Ethereum news today.There has been a lot of FUD around Ethereum these days because of the very sluggish market in terms...
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Binance DEX Will Be Available On The Trezor Hardware Wallet Soon

The American blockchain security firm CipherTrace is making big waves in the crypto landscape, after a recent announcement showing that it will provide Anti Money Laundering (AML) controls for Binance Chain and BNB, its the native asset.As you probably know from the blockchain news before, Binance Chain is the public blockchain of the major cryptocurrency...
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Analysts Target Move to $8,400 as Bitcoin Plummets Below $9,000

After a long period of consolidation within its previously established trading range, Bitcoin’s bears have now taken control and have pushed BTC’s price below its previous support level that existed around $9,000.Today’s drop has led multiple analysts to set significantly lower targets for the cryptocurrency, and it is looking increasingly likely that it will touch...
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Trezor Wallet Denies Connections With Maduro’s Endorsement

The latest cryptocurrency news show that despite the ongoing crisis with the price of Bitcoin (BTC), the crypto jobs are viral and the trends show that higher salaries are definitely expected. Professionals in the blockchain and cryptocurrency industry are set to grow as the demand is outstripping the supply right now.According to a new report,...
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CannaCor: The Company Looking To Digitalize Cannabis Productions

CannaCor (Pty) Ltd is a company licensed as a prohibited drug operator. With over 50 000m2 of acquired land in Berea, Lesotho, the company will dedicate the land to the greenhouse or indoor cultivation of Cannabis. This company aims to become one of the top players in the industry, currently licensed and compliant with regulations...
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Bitcoin price drops below $9,000, Ethereum and XRP following

Bitcoin just moved below $9,000 and is bringing the rest of the market down with it. Over the last 40 hours, Ethereum plunged over 6 percent, while XRP plummeted nearly 14 percent. The following technical analysis will evaluate where these three cryptocurrencies could be heading next.  Bitcoin (BTC) Bitcoin has been consolidating within a descending...
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Russia Prepares Law to Allow Cryptocurrency Confiscation

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021.  “Russia plans to develop a legal mechanism for the seizure of virtual assets for their confiscation,” according to a translated report from RBC. “The...
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Bitcoin Plunges as Volume Returns to Yearly Lows

After an uneventful week, Bitcoin has once again fallen below the psychological $9,000 mark posting a 4.5% decrease on the day. Altcoins managed to resist so far and generally show better performance than BTC. However, coins that previously enjoyed a growth period, such as XRP, XLM and Tezos, fell by at least 5%. Performance block...
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Holders of the Digital Yuan Will Not Be Paid Interest

China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank pulled the curtain back slightly this week....
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‘Discount Bitcoin Bandit’ Could Face 10 Years for Cryptocurrency Armed Robberies

A woman from East Hollywood, California, has been convicted of robbery relating to peer-to-peer Bitcoin trades. Precious Lanay Fitzgerald was one of two involved in the incidents that awarded the pair the moniker ‘Discount Bitcoin Bandits’.The 29-year-old may face a prison sentence of up to 10 years for the cryptocurrency robbery. Exacerbating the maximum possible...
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Bitcoin adopters more likely to carry hard cash: Bank of Canada

In a recently released episode of Anthony Pompliano’s podcast, Off the Chain, CEO of MiningStore, JP Baric made an appearance to talk about Bitcoin, the state of the crypto–mining industry and what’s in store for the future. According to Baric, the mining space is going to be very different after 24 months. “We’re going to...
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Bitcoin is Mentioned in the Late Show with Stephen Colbert

Bitcoin is mentioned in the Late Show with Stephen Colbert. Colbert also talks about blockchain. The crypto community loved the sketch. Bitcoin is once again getting mainstream media exposure as it was mentioned in the “Late Show” by its host, Stephen Colbert. Mainstream Media Exposure During the latest episode of the Late Show Thursday night,...
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TGIF: Do Fridays Foretell Future Movements in Bitcoin Price and Other Crypto?

It’s Friday, and Bitcoin price is once again falling, breaking below $9,000 and trading at $8,750 currently.The post appeared first on NewsBTC
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Five Reasons Why Bitcoin Price is Crashing Right Now

Bitcoin price first dipped a toe under the $9,000 mark, then went on to erase profit positions gained since the dramatic rally at the end of October. The slide took BTC to $8,780.84 as of 15:25 GMT on Friday, with plenty of leeways to drop as the weekend hovered with lower volumes. Here are five...
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