November 25, 2019

Ripple’s XRP Heading Towards Two-Year Low Against USD

Ripple’s native asset XRP has dropped by up to 36 percent from its local top of $0.315. The third-largest cryptocurrency is now looking to extend its losses further to retest its two-year low. The XRP/USD pair on Monday established a session low of $0.20041 on BitStamp cryptocurrency exchange. The downside price action drew the pair...
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Cardano headed for another downward spiral after descending triangle closure

Despite signs of recovery at the beginning of the month, Cardano has been trading at a yearly low due to renewed downward pressure. As ADA closely trades near its support, chances of the much-needed rally appeared faint. At press time, the coin was trading at $0.036 after a decline of 1.33% over the last 24-hours....
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Ethereum’s Multi-Year Correction May Soon Draw to a Close, Claims Analyst

Ethereum has been closely mirroring Bitcoin’s price action over the past several days and weeks, which led ETH to plummet in a capitulatory fashion yesterday evening before posting a strong bounce overnight that allowed it to reclaim its position within the $140 region.One analyst is now noting that Ethereum’s multi-year bear trend may soon come...
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Digital Formula 1 Collectibles are Coming to the Ethereum Blockchain

Anyone in the world can create a digital token or assets. The Formula 1 is doing things a bit differently, although the approach is rather intriguing.  As part of its new auction and contest, participants can win Ether and licensed digital collectibles. Formula 1 Embraces Digital Collectibles The Pole Position Auction contest is the first...
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Blockchain’s 16 Technical Challenges in 2014: How Many Were Solved?

Ethereum Co-Founder Vitalik Buterin published a detailed progress report on major cryptographic challenges for the last five years. While protocol problems were largely solved, more practical issues saw limited progress. Buterin made a post in 2014 detailing a list of 16 “hard problems” in math, computer science and economics that he considered important for the cryptocurrency...
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Veteran Bitcoiners defend Tether mostly due to Bitfinex: CCO of Bitrefill

Despite being fairly new to the market, Tether seems to have had established a prominent position in the cryptocurrency industry as the stablecoin made its way into CoinMarketCap’s ‘Top 100 Cryptocurrencies by Market Capitalization’. The stablecoin even surpassed prominent cryptocurrency, Bitcoin Cash and currently stands as the fourth-largest asset in terms of market cap. Despite...
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Payment platform MoneyNetint wins award for most connections on the Ripple network

Global payment platform MoneyNetint has won Ripple’s Best Connector Award for outstanding business growth over the past year. In an email to CryptoSlate, the company said the award will help strengthen its foothold as a leader in cross-border payments and grow its user base around the world. Ripple awards global payment platform for exceptional growth...
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Tether Faces Another Lawsuit in the Western District of Washington

Tether has come under scrutiny time and time again in the past year and a half. It now appears the company faces another lawsuit in Washington State. The new lawsuit was filed on November 22, and addresses both Tether and Bitfinex. Another day in Court for Tether and Bitfinex It is a lawsuit very similar...
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Calvin Ayre Reveals New Bitcoin SV Headquarters in Carribbean

Gambling business mogul and Bitcoin SV proponent Calvin Ayre has just opened a decadent new headquarters on the island of Antigua. Ayre describes the new building as being the home of Bitcoin SV in the Caribbean.The Canadian entrepreneur’s new global headquarters appears to have pleased Antigua and Barbuda’s government. Prime Minister Gaston Browne described it...
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Are Ethereum, XRP and Litecoin on the road to recovery?

Over the last week, the entire cryptocurrency market suffered a significant downturn. But, as prices went down, it seems like demand is now picking up and altcoins are starting to rebound. The following technical analysis assesses whether Ethereum, XRP, and Litecoin are bound for a bullish impulse. Ethereum (ETH) After consolidating for 22 days within...
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Privacy-Enhancing BCH Tool Cashfusion Begins Working Behind the Scenes

This week Bitcoin Cash (BCH) proponents have been celebrating the fact that 187,212 BCH ($40 million) has been shuffled since the Cashshuffle platform launched in the last week of March. Moreover, on Saturday, Electron Cash developer Jonald Fyookball announced the highly anticipated Cashfusion protocol has been working behind the scenes using alpha software. Also read:...
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Bitcoin Bulls Defend Key Trendline as Investors Express Extreme Fear

After incurring a bout of capitulation throughout the latter part of yesterday, Bitcoin (BTC) has been able to post a decently strong rally that has allowed it to recapture its position within the lower-$7,000 region, and its recent lows may ultimately mark a long-term bottom for the crypto.It is important to note that the latest...
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Tether’s Volume Is Booming Amid Crypto Market Drop

The chief strategy officer (CSO) at Blockstream, Samson Mow, is in the crypto news today for stating that stablecoins like Tether (USDT) are on a good way but will not see a retail use case. The CSO was speaking at the BlockShow conference on November 15 and noted that Tether has a first-mover advantage placing...
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Op Ed: Bitcoin Is the Key to Ethical AI

The current development of Artificial Intelligence (AI) and Machine Learning (ML) is fundamentally flawed. Peter Thiel recently described crypto as libertarian and Reid Hoffman describes AI as authoritarian. This speaks to the concentration of power and control that has taken place in AI and ML. Cryptocurrency, as a technology, and Bitcoin in particular, empowers people...
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What is EOS? How is it different from other blockchains?

EOS is a blockchain-based network with an open-source MIT software license. Powered and maintained by Block. One, it is one of the newest and swiftly growing projects in the cryptocurrency space.  EOS blockchain and the people behind it have a purpose. To fuel the development of highly-efficient, and scalable enterprise-grade decentralized applications (dApps).  [embedded content]...
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Traders Are Purchasing The Bitcoin Dip In The Philippines And Malaysia

Traders are purchasing the latest bitcoin dip in Malaysia and the Philippines since they are confident that bitcoin has seen a new low good enough to invest in as per the latest reports in the cryptocurrency news today. Trading on peer-to-peer site Paxful reached a monumental decrease this week in bitcoin trading in the Philippines...
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Ethereum’s Buterin: PoW algorithms offering medium-level ASIC resistance can be created

“I believe that PoW algorithms that provide a medium level of ASIC resistance can be created, but such resistance is limited-term and both ASIC and non-ASIC PoW have disadvantages; in the long term the better choice for blockchain consensus is proof of stake,” opined Ethereum Co-founder Vitalik Buterin in his latest post explaining the consensus...
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Bitcoin Protocol Receives An Upgrade Dubbed ‘Nuclear War Proof’

Traders are purchasing the latest bitcoin dip in Malaysia and the Philippines since they are confident that bitcoin has seen a new low good enough to invest in as per the latest reports in the cryptocurrency news today.Trading on peer-to-peer site Paxful reached a monumental decrease this week in bitcoin trading in the Philippines despite...
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Crypto Markets Recover To $15 Billion While BTC Flirts With $7K

The crypto markets recover to $15 billion while bitcoin is flirting with the $7,000 price range as we are reading further in the coming altcoin news. The total crypto market cap is correcting higher from the $170 support area and the price is around $250 which is now trading near the $7,000 resistance area. The...
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Ripple Completes $50 Million MoneyGram Investment, Supporting XRP Use for Global Payments

San Francisco-based Ripple Labs has just completed a $50 million investment in MoneyGram. The funds will help support the use of On-Demand Liquidity, a global payments product that uses XRP.Ripple first committed to the investment in June of this year. It now owns almost 10 percent of the company’s outstanding common stock.Ripple’s $50 Million MoneyGram...
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New Daily Gains Prove Bitcoin’s Price Finding A New Bottom

The new daily gains prove that bitcoin’s price is trying to find a new bottom since the past week was one of the worst for the benchmark cryptocurrency with a $2000 decline as we read in the bitcoin news previously. This morning Bitcoin recorded a new low since Nay 17 but the cryptocurrency didn’t spend...
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Bakkt’s BTC Futures Volume Boosts Interest For Institutional Investors

Traders are purchasing the latest bitcoin dip in Malaysia and the Philippines since they are confident that bitcoin has seen a new low good enough to invest in as per the latest reports in the cryptocurrency news today.Trading on peer-to-peer site Paxful reached a monumental decrease this week in bitcoin trading in the Philippines despite...
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Litecoin’s recovery might face resistance at the crucial $50 mark

Litecoin’s value against the US Dollar saw recovery following the recent market dip. At press time, LTC was priced at $46.2 after posting minor gains of 0.02% and registered a market cap of $2.92 billion, according to the data from CoinMarketCap. Despite signs of recovery, the question still remains if the latest bullish sentiment can...
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Chinese government shuts down 173 crypto exchanges and token issuers

Almost 200 cryptocurrency exchanges and token issuing platforms have been shut down. According to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses, which include online lending institutions and other financial companies operating on the internet. Chinese crypto exchanges exit the market “without risk” after...
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Dollar Cost Average: Even Bitcoin Investors Using This Strategy May Soon Be At A Loss

There are a number of sound investment strategies a crypto investor may choose to gain exposure to Bitcoin and other cryptocurrencies, depending on important factors such as risk appetite or income level.The post appeared first on NewsBTC
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Crypto Majors Sell-Off Again but Big Gains Still Seen in Altcoins, Nov. 25

Bitcoin tested support levels once more as China fears dragged the market lower. Storeum blasted 8,000% on the week and MMO was up 400%. BTC As I noted in last week’s article,  Support in BTC is in the $7,000 to $8,000 level and this is vital to continue the uptrend which started in 2019. RELATED...
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Binance’s Raided Office Was Actually A Call Center: Chinese TV Reports

A couple of days ago, reports in the cryptonews showed that Chinese authorities have raided the offices of the leading cryptocurrency exchange in the world. However, today Binance refutes the media reports and says that they are quite false – with a full explanation on what’s actually true.One Binance spokesperson spoke to the media and...
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Do Bitcoin Companies Need a Code of Conduct?

Bitcoin is punk rock. It’s cypherpunk money — alternative money. Anarchism comes to mind. So, too, does the exhausted adage that Bitcoin — and crypto writ large — is a digital Wild West. That adage is largely true. After all, this is the same industry where one of the larger exchanges had a $850 million...
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Bitcoin Bulls’ Favorite Stock-to-Flow Model is Flawed

The stock-to-flow (SF) measure proposed by PlanB has become widely accepted as an accurate model to predict the price of Bitcoin given the strong correlation that persists to this day. We’ve previously discussed this model on several occasions, However, according to crypto analysis resource Byte Tree, the model has some underlying flaws. SF Is Nice,...
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IOTA can now be used as a payment system for any game or app

An IOTA (MIOTA) developer successfully implemented the IOTA as a payment system that can be used in any game or app. The system works seamlessly across all platforms, including iOS, Android, Windows, WebAbb, Xbox, and Playstation 4. A new way to utilize IOTA as a payment system A promising and ambitious blockchain project, IOTA has...
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