Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round. The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital,...Read More
Venezuela’s inflation rate topped 130,000% in 2018 as peer-to-peer Bitcoin and Dash transactions reached new all-time highs month after month. Bitcoin Thrives in Broken Economies For the past few years, the Venezuelan economy has been rocked by political and economic instability that has led to shortages of food and medicine, nationwide blackouts, riots and unstoppable...Read More
The existence of private decentralized cryptocurrencies like Bitcoin has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. TThe argument was put forth in a paper published on...Read More
The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be...Read More
The weekend has been largely one of consolidation for crypto markets as Bitcoin has held on to gains to keep it in five figures. Monday morning, however, has seen some bigger moves on altcoin prices as they outperform their big brother in a rare upswing.Crypto Markets Gain on AltcoinsMost of 2019 has seen the altcoins...Read More
As a new week begins in crypto land a different pattern is forming this Monday morning. After bitcoin spent most of the weekend consolidating above $10k, the altcoins are making all the moves at the moment. Is this a one off or could it be the start of a wider revival for them? Bitcoin Makes...Read More
Shaikho, who is a new “real” Satoshi Nakamoto, says his idea was a “people’s bank with no boundaries, no nationalities, and no discrimination.” When publishing some text online, some media have the habit/rule to write approximately how long the read is – with the reason we should say. Let me tell you this, reading the...Read More
From the launch of the Sun Network to retain its dominance in the DApp space and completing its incentive plan 2.0 with Tether, Justin Sun’s Tron Foundation can boast a series of development over last few weeks. Recently, TronWallet shared an update on Twitter, suggesting that Bitcoin is the latest addition to the TronWallet. The...Read More
Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading. Announced Monday, Rakuten Wallet has gone live for trading in bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was...Read More
Donald Trump and White House officials played down fears of a recession on Sunday, giving a much-needed boost to the stock market. Source: AP Photo/Evan Vucci By CCN Markets: Dow Jones Industrial Average (DJIA) futures rocketed 200 points in early trading Monday as President Donald Trump sought to allay fears of a recession. Speaking to...Read More
Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the cryptocurrency world’s top firms like Coinbase, Bitstamp, Genesis Trading, Blocktower Capital, Polychain Capital and Xapo, has seen increased demand from the industry and is aiming to...Read More
Bitcoin price rebounded recently and climbed above the $10,200 resistance against the US Dollar.The price is currently trading nicely above $10,300, but facing hurdles near $10,500 and $10,600.There is a connecting bullish trend line forming with support near $10,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to...Read More
Spanish megabank Santander Group is expanding its use of Ripple’s technology. The bank is building a “payment corridor” that would let customers in Latin America send money to the U.S. instantly for free via One Pay FX, a mobile app that uses Ripple’s xCurrent software, officials told CoinDesk. Currently, only customers in the U.K. and...Read More
Many officials claim only criminals use Bitcoin. All of those people are in the wrong. Many people use cryptocurrencies for a wide variety of purposes. It is certainly true criminals favor Bitcoin due to its pseudonymity. One Norwich-based individual was sentenced for hacking and accepting cryptocurrency as a payment. Teens Love Bitcoin Riches One has...Read More
While Bitcoin (BTC) is still not decidedly in an uptrend, it is doing a lot better than it was a bit earlier this week, when the cryptocurrency cratered to $9,500 in a massive -8% day. One model, however, suggests that the pain isn’t over for the cryptocurrency market just yet.Hold on to your hats!Related Reading: Bitcoin...Read More
The “big reveal” by the latest self-proclaimed Satoshi Nakamoto was an epic failure that overpromised and underdelivered. | Source: Shutterstock By CCN Markets: The latest self-proclaimed Satoshi Nakamoto overpromised and underdelivered in Part 1 of his “big reveal” — probably to the surprise of no one in crypto. In a meandering blog post, the self-proclaimed...Read More
It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank. While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British...Read More
Trump’s tweets on China may set the stage for a strong rally in the stock market this week as S&P 500 futures open higher. | Source: REUTERS/Jonathan Ernst By CCN Markets: In response to the struggling stock market, Donald Trump’s Twitter feed was awash with positive talk about the trade war and progress with China...Read More
Elon Musk is unconcerned about the asteroid that will pass close to Earth in 2029, but SpaceX is working to come up with a solution anyway. | Source: (i) REUTERS/Mike Blake (ii) YouTube/PowerfulJRE; Edited by CCN By CCN Markets: While the mainstream media works itself into a frenzy about the impending “God of Chaos” asteroid...Read More
For the umpteenth time in a matter of weeks, a recession indicator has started to flash. Bitcoin, which has begun to be classified as a “safe haven” asset, may stand to benefit from such a move in traditional financial markets.Related Reading: Bitcoin Dropping Under High $8,000s Now “Highly Unlikely”: Here’s WhyRecession Inbound; Bitcoin Can OutperformOver...Read More
Following Bitcoin’s recent plunge into the mid-$9,000 region, the cryptocurrency has been able to post a strong and sustainable bounce that has allowed it to secure a foothold within the mid-$10,000 region.Now, analysts are noting that BTC may be laying the groundwork for a reversal of its recent downtrend, which means how it reacts to...Read More
Following our open letter to non-crypto friends, the crucial topic of decentralization demanded further elaboration. Why is it at the heart of so many discussions in cryptocurrency? And why has the crypto community reacted to Facebook’s Libra project with a mixture of amusement, hope for mainstream acceptance, and naked hostility? Most importantly, we must not...Read More
A report published by ING shows that the percentage of the population that believes in Bitcoin is slowly decreasing, indicating skepticism for cryptocurrencies in general. With the exception of Turkey, Poland, and Romania, most of Europe does not believe that cryptocurrencies will be an integral part of the financial system in the coming years, August...Read More
BioWare suffered another blow with the departure of its next big title’s lead producer, Fernando Melo. Maybe they should part ways with EA. | Photo by Matt Sayles/Invision for Microsoft/AP Images By CCN Markets: Fernando Melo, the lead producer on the upcoming Dragon Age title, is leaving BioWare. This is especially shocking as it’s happening...Read More
The Bitcoin community has a one-word response to the claim that Satoshi Nakamoto will reveal his true identity this week: “bullsh*t!” | Source: Shutterstock. Image Edited by CCN. By CCN Markets: The handful of Bitcoin fans who are still begging for the “real” Satoshi Nakamoto to please stand up may get their wish as early...Read More
Hong Kong and Argentina pay through the nose for Bitcoin, Binance could be back in the U.S. within months and Barclays cuts ties with Coinbase in the U.K. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights,...Read More
Source: Mark RALSTON / AFP (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Elon Musk relaunched Tesla’s residential solar-power service and claimed that it could save you about $500 a year. Indeed, Musk gushed that it’s “like having a money printer on your roof.” Musk acquired SolarCity in 2016, but the business has...Read More
As the Dow Jones scrambles to move past last week’s roller-coaster, scrutinize the Fed minutes for proof of a dovish rebellion. | Source: ANDREW CABALLERO-REYNOLDS / AFP By CCN Markets: The Dow Jones looked dead and buried last week after a devastating 800 point decline, but an end-of-week recovery left the stock market on relatively...Read More
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Premiums for Bitcoin in Hong Kong and Argentina despite price...Read More
Economist and crypto analyst Alex Krüger believes that $20,000 won’t be the all-time high (ATH) bitcoin price for much longer. Expect Bitcoin Price to Hit $50,000 In a Twitter thread published on Saturday (August 17, 2019), Krüger outlined his argument for the bitcoin price going as high as $50,000 by 2021 at the latest. According...Read More
