November 11, 2019

From FUD to FOMO – China State Newspaper Says Bitcoin Is ‘Successful’

A major Chinese daily has published an article about Bitcoin. The publication describes the first cryptocurrency as a successful application of the blockchain technology. It provides its readers with the basics they need to know about Bitcoin and highlights some of its main characteristics. Also read: Crypto Banks Gain Regulatory Recognition Across the Globe Xinhua...
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BitMEX Traders Start Getting Phishing Emails After Data Leak

A new concept of a free crypto school was recently launched by one of the leading VC firms in the cryptocurrency space, Andreessen Horowitz. The seven-week crypto startup school is now scheduled to kick off in February 2020.Meanwhile, the VC firm is well known and present in the Coinbase news, updates on Ripple and is...
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Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700.Bitcoin’s current bearishness has caused Ethereum to show similarly bearish signs, although...
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Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt launched its institutional custody services. The Bakkt Warehouse launched with a robust insurance policy and a range of clients. Bakkt’s daily trading volume is picking up. Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to...
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Latest BTC Demand Model Shows A Clear Growing Trend: Analysis

The Bitcoin news updates this Monday show that the price of the leading cryptocurrency is still retracing from its previous month peak at $10,500 – and is now trading in the $8,700 region. In fact, we can see that Bitcoin returns to this target after a new downturn prevented it from staying above the $9,000...
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Cryptocurrency Exchanges Pressured to Collect More Private User Information by FATF

The FATF’s recent guidelines have widespread implications on what private information exchanges need to track and collect from customers. Here are some insights on the recent regulation from CipherTrace’s Nov. 5 Cryptocurrency Travel Rule Compliance Conference and Hackathon. An event oriented around the integration of cryptocurrency into the modern financial infrastructure may be at odds...
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Stablecoins may help reduce global remittances cost: WB’s Garcia Mora

2019 has been important for digital assets from both a technical and financial standpoint. The discussions with regard to stablecoins in the global economic landscape have been instrumental in generating awareness about the crypto tech and major financial institutes were slowly warming up to the idea of a regulated digital currency. In a recent interview...
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Blockchain Spending China Will Surpass $2 Billion In Two Years

Market intelligence firm IDC published a report according to whom it is expected for the blockchain spending in China to grow dramatically in the next three years and to exceed $2 billion by the end of 2023. The report of the market intelligence firm that we have in our blockchain news today, it was published...
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BitMEX Crypto Traders Targeted by Phishing Scams: What the Attacks Look Like

BitMEX traders that had their details leaked as part of a recent privacy breach have started to receive phishing emails. The crypto exchange accidentally disclosed 23,000 of its users’ email addresses earlier this month.A Reddit user disclosed some details about a phishing effort against them in the wake of the leak. An email apparently from...
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CEO of Binance shares communication tips for aspiring entrepreneurs

Changpeng Zhao, the CEO of Binance, says that how you talk is often more important than what you’re talking about. In a blog post, Zhao shared many other communication tips that he says will enable aspiring entrepreneurs to approach him of other investors with confidence. Binance CEO says people should be straight shooters when approaching...
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Bakkt Bitcoin Custody Warehouse Gets Ultra Secured and Available Worldwide

Bakkt announced that now they have all the needed papers from New York regulators to operate with institutional Bitcoin custody contracts. The venture hopes that with top guards surrounding the warehouse, security cameras, and iron doors, it will make the vault unbreakable. Bakkt is already setting the all-time highs with cryptocurrency trading. That’s why it...
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Royal Bank of Canada Looking Into Launching Bitcoin Trading Platform

The Royal Bank of Canada is reportedly exploring a cryptocurrency trading platform for in-store and online purchases, as well as for investments. Moreover, the bank is also supposedly looking into allowing customers to open bank accounts that contain digital currencies. Royal Bank of Canada Explores Bitcoin Trading Platform In what looks like a serious step...
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Canadian CUSD Stablecoin Launched By Blockchain Venture Capital

The cryptocurrency news this year (2019) showed a lot of ups and downs for the prices of the biggest cryptocurrencies. However, prices aside, we have seen crypto making big moves in a lot of industries. Today, we are talking about the crypto adoption in 2020 and what will be the main driving factors behind it.Right...
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UAE notes surging crypto demand as country deliberates regulations

2019 has seen large-scale blockchain adoption. With China trying to beat the world to its central bank-backed digital currency, the United Arab Emirates [UAE] too, has begun drafting regulations. According to reports, UAE has been preparing for a rapid expansion in light of increasing demand for cryptocurrencies. According to Google trends, the terms with an...
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Cardano Prepares to Incentivize Shelley Testnet Users

Cardano is one of the many blockchain projects on the market today. To further engage users in helping them to experiment with the testnet, an incentive programme will be launched fairly soon.  It is rather uncommon to incentivize users who participate in a blockchain testnet.  A new era for Cardano After all, the purpose of...
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Analyst Claims $8,700 Marks Good Long Opportunity for Bitcoin Despite Overnight Plunge

After surging towards $9,300 yesterday, Bitcoin’s bulls have once again surrendered to bears, leading BTC to plummet back below its key support level at $9,000. This overnight movement has once again led the cryptocurrency back down to its previous support level at $8,700, and it is showing few signs of having any strength at the...
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JPMorgan And MAS To Create Blockchain-Based Payment Network

JPMorgan And MAS (Monetary Authority of Singapore) had a breakthrough in research for multi-currency payments and produced blockchain-based prototype together with Temasek as we are reading further in the blockchain news today. The cost-efficiency for companies and many other aspects of sending payments could be significantly improved by the network, according to the developers. JPMorgan...
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Bakkt BTC Custody Now Available For All Institutional Clients

The Bitcoin news updates this Monday show that the price of the leading cryptocurrency is still retracing from its previous month peak at $10,500 – and is now trading in the $8,700 region. In fact, we can see that Bitcoin returns to this target after a new downturn prevented it from staying above the $9,000...
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Bitcoin isn’t a real currency, asserts former ECB president

China’s entry into the cryptocurrency industry seems to have turned several heads. While some view it as a catalyst to the adoption of cryptocurrencies, others believe that the country would gain financial leadership by capitalizing on the technology. Facebook’s Libra project is another widely discussed topic and more recently, fearing China and Facebook’s financial dominance,...
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Generation QE: How Central Banks Create Money From Thin Air

This year the public has seen a lot of the expansive monetary policy taking place with 37 central banks participating in monetary easing. Unfortunately, most people don’t understand the methods central banks like the Federal Reserve use to increase the money supply and never take the time to understand the process. The following is an...
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Ethereum Express Launches New Proof-of-Authority Consensus

The founder of ConsenSys, Joseph Lubin, who is also known as the Ethereum co-founder recently said that he hopes that China’s Central Bank Digital Currency (CBDC) will allow for interoperability with public permissionless blockchains such as Ethereum.Lubin made the remarks in an interview with Forbes which is viral in the Ethereum news now – and...
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Bakkt Opens Bitcoin Custody to All Institutions, Futures on Track for New ATH

The Bakkt platform has just announced that it will now allow any institutions to use its Bitcoin custody solution. Previously, only those trading the platform’s Bitcoin futures contracts had access to the Bakkt Warehouse.The news comes as Bakkt futures look on track to set another all-time high. After a rather dismal start to trading on...
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Shelley’s incentivized trial testnet snapshot scheduled for Nov. 12

The balance check snapshot for the Shelley incentivized trial testnet has been scheduled for Nov. 12, at 12:00 UTC. According to Cardano’s newly launched staking website, participating in the trial balance check is optional and will not impact users’ ability to participate in the incentivized testnet once it launches at the end of November. Practice...
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Ethereum Classic’s Agharta proposal moves closer to finalization

Ethereum’s price maintained a volatile trajectory over the past few months after repeated price swings in the market. On 25 October, the 2nd largest crypto-asset recorded its most recent price pump, hiking by 16 percent in a single day and recovering most of the losses suffered a couple of weeks prior. At press time, Ethereum...
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Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status

China is on a fast track to becoming a global digital currency power. Billionaire Michael Novogratz warns that the country might undermine the United States’ reserve status. Some politicians are wary about embracing cryptocurrency networks. Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and...
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The IRS Confirms a new Wave of Cryptocurrency Audits is Coming

Tax agencies around the globe continue to crack down on cryptocurrency users. A new joint report by the IRS and other agencies confirm there are new tools being deployed to identify tax evaders, cybercriminals, and other culprits.  For some time now, the Joint Chiefs of Global Tax Enforcement have been working together.  The IRS Targets...
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Bitcoin Low Timeframe Fractal Matches Weekly Price Action, But Is There More?

Fractals are repeating patterns that are commonly found all throughout nature but also playing out on the price charts of financial assets like Bitcoin and other cryptocurrencies.The post appeared first on NewsBTC
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XRP’s collective breach of ascending channels raises red flags

XRP’s price has been under immense volatility off late. 24th September marked a collective fall for the entire crypto industry after which XRP continued to recover its valuation. The third-largest asset began to experience repeated surges and crash, but the token continued to consolidate between the resistance of $0.333 and $0.275 during the time period....
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If You Have Good Decentralized Finance Ideas, This Contest Will Award You $5,000

Not only is the Equilibrium framework holding its Crypto DeFiance conference in Singapore on November 16, but they’ll award $5,000 to any team or individual who can come up with a great idea for a decentralized finance application. The company will host its first ever DeFi Brainstorm 2019, a competition of DeFi ideas, as part...
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Coingaming Partners with TRON Foundation to Deliver Future of TRX gaming

November, 2019, Tallinn, Estonia  – The Coingaming Group has agreed on a partnership with the TRON Foundation, the non-profit organization behind the popular cryptocurrency TRX, welcoming the TRON community to use the currency for the first time with the leading brands in the crypto gaming space – Bitcasino.io and Sportsbet.io. TRON transactions happen almost instantly and without...
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