The short-term action continues going back and forth inside the marked horizontal triangle on the following 4-hour chart. After two days of consolidation below the triangle’s descending trend-line with zero success to break through, Bitcoin plunges $800 to set $10,082 as its current daily low. As mentioned here on our previous analysis, the $10,800 area...Read More
Singapore-based Huobi is expanding its presence in decentralized finance (DeFi). The crypto exchange announced support for two autonomous loan making vehicles, the infamous MakerDao and a similarly open-sourced Compound protocol, according to an August 19 statement. Both ethereum-based protocols serve as “market-makers” by allowing borrowers to take out liquid loans against a pool of assets....Read More
One of the largest mobile providers in Austria is planning to accept cryptocurrency for payment at certain store locations. A1, which services some 5.1 million mobile and 2.1 million fixed lines across Austria, is testing cryptocurrency payments at store locations across Austria. Dash, ethereum, litecoin, stellar and XRP will be available for payment, according to...Read More
The U.S. Securities and Exchange Commission (SEC) has fined Russia-based analytics firm ICORating for failure to disclose payments for positive reviews to various projects. Today the SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018. According to the SEC, projects rated by ICORating during that time raised funds...Read More
Nelson Minier, head of over-the-counter trading at cryptocurrency exchange Kraken, says its volume has increased twenty-fold since 2018. Nelson Minier, head of over-the-counter (OTC) trading at major cryptocurrency platform Kraken, has stated that the OTC desk’s trades per month have increased by a factor of 20 since the beginning of last year. Minier gave his...Read More
Major Austrian telecom operator A1 has started accepting six cryptos as payment in select shops in Austria. Major Austrian telecom operator A1 has started accepting cryptocurrencies as payment in seven selected shops in Austria. Six cryptos accepted Starting from Aug. 19, A1 customers can pay for network services in selected A1 branches using six major...Read More
Facebook-owned WhatsApp is in early talks with local firms to launch digital payments service in Indonesia. Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia. Reuters reported that they had learned of this development from anonymous sources...Read More
The Securities and Exchange Commission (SEC) has fined Russia-based analytics firm ICORating for failure to disclose payments for positive reviews to various projects. Today the SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018. According to the SEC, projects rated by ICORating during that time raised funds through...Read More
Japan’s largest gift card exchange plans to use blockchain to spur its next phase of growth. Amaten, a secondary marketplace for gift cards, announced a partnership with the Singapore-based cloud computing startup Aelf, according to a statement published August 20. The exchange plans to scale its operations internationally using Aelf’s enterprise-oriented blockchain platform. Founded in 2012, Amaten...Read More
Square Crypto, the division of the publicly traded payments company that focuses exclusively on bitcoin, just hired one of the world’s most prolific bitcoin developers. Chaincode Labs alum and Blockstream co-founder Matt Corallo previously authored notable efficiency improvements such as the rust-lightning implementation, which makes it easier for users to build and interact with layers...Read More
Eleven crypto projects announced Tuesday they had joined the Messari Disclosures Registry, including four top-100 projects by market cap: Cardano, Lisk, V Systems and Beam. The new batch of crypto assets brings the total number of projects listed on the registry to 54. It launched with 12 projects in November 2018. “The ability to find basic...Read More
Cryptocurrency exchange Binance has announced that its iOS app is now live. Binance’s app first appeared on the App Store in October 2018, but it was summarily taken off in May 2019. In a blog post published on August 19, 2019, the exchange revealed that the Binance iOS app (V1.7.1) is now one again live on...Read More
Some commentators have dismissed Bitcoin as a joke compared to blockchain technology, but Bitcoin is proving to be more resilient as a decentralized and truly novel approach to financial services. Most blockchain implementations in the financial service industry deliver cost efficiencies, but are still permission-based, which makes them similar to other centralized technologies. However, by...Read More
On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion. PlusToken, as it was called, promised its “investors” monthly returns of anywhere from 10 to 30 percent in its eponymous...Read More
Scalability is still a point of concern for Bitcoin — but clever minds continue to produce innovative proposals to resolve bottlenecks. One of the specific scalability concerns is the growth of the unspent transaction output (UTXO) data set held by Bitcoin nodes. This is the list of all (fractions of) bitcoin in existence and details...Read More
Today, we’re partnering with the Polkadot Network to accelerate the adoption and decentralization of Polkadot tokens (“DOTs”) as it aims to solve the challenges of cross-blockchain interoperability and create a new paradigm for on-chain governance. When the integration is complete, Blockchain’s over 41M Wallets will not only be able to store, send, and receive DOTs,...Read More
South Korea’s Prixbit cryptocurrency exchange has officially closed down. In a website post dated Aug. 9 and entitled ‘Prixbitend,’ the exchange declared it would cease operations. The move was subsequently reported by local press. “Due to negative internal and external influences, management difficulties could not be overcome and normal operation became impossible,” the founder wrote. The exchange said...Read More
Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. Posted to the bitcoin developer mailing list Monday, the ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins. Programmers Wuille, Andrew...Read More
Ten crypto projects announced Tuesday they had joined the Messari Disclosures Registry, including four top-100 projects by market cap: Cardano, Lisk, V Systems and Beam. The new batch of crypto assets brings the total number of projects listed on the registry to 53. It launched with 12 projects in November 2018. “The ability to find basic...Read More
The Veritaseum blockchain platform and its founder Reggie Middleton have filed a response to the U.S. Securities and Exchange Commission (SEC) over the regulator’s claim that its ICO was fraudulent and illegal, and that Middleton had later manipulated the VERI token’s value. As a result, the SEC managed to get a New York court last week to temporarily...Read More
Wall Street’s self-regulatory organization (SRO) has green-lit a new blockchain-powered securities trading platform. The Financial Industry Regulatory Authority (FINRA) has approved the membership application of IOI Capital and Markets, which plans to act as a placement agent for privately placed, digital securities on a permissioned Hyperledger Fabric blockchain. Co-founders Rashad Kurbanov and Hamid Gayibov have been...Read More
The Takeaway: An Israeli startup called Libracamp is funding development on Facebook’s Libra testnet. More than 80 projects have applied for the five spots in Libracamp’s initial virtual bootcamp, which starts in November. Even though Facebook admitted in a recent SEC filing that regulatory pushback may prevent Libra from launching, Libracamp remains undaunted. The Libracamp...Read More
Deloitte, one of the “Big Four” professional services firms, has officially launched a plug-and-play product aimed to help enterprises showcase their blockchain solutions to clients. The firm’s new “Blockchain in a Box” (BIAB) is designed as a mobile unit packed with four built-in nodes and several monitors that can be linked to external services such...Read More
Ledger will provide its asset management system to Estonian cybersecurity-focused crypto exchange Rokkex. French hardware wallet producer Ledger will provide its asset management system to Estonia-based crypto exchange Rokkex. Cybersecurity-focused exchange Built by Lithuanian cybersecurity and fintech professionals, Rokkex will integrate its trading platform with Ledger’s enterprise wallet management solution Ledger Vault to secure its...Read More
The volatility which characterizes the current market conditions, as well as Bitcoin’s relative stability in recent weeks can definitely be deceiving. Bitcoin is currently trading above $10,000 and rumors of institutional capital on the way are attracting the attention of many investors, especially in light of the news that Bakkt, the new Bitcoin futures trading...Read More
Bitcoin Bitcoin is again falling below the trend line, for the third time since the beginning of this parabolic trend in April. Meanwhile, the price continues to be rather volatile and the chart seems to be waiting in the coming days. Support in this range is around $10,500 and it’s not as stable as we’ve...Read More
A man has been sentenced in San Diego, California, for conspiring to sell drugs over dark web markets for cryptocurrencies. Thirty-nine-year-old Sky Justin Gornik had pleaded guilty to using a number of marketplaces such as Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market to deal in fentanyl, carfentanil, ketamine, oxycodone, amphetamine and other...Read More
The Bitcoin hash rate has broken yet another new all-time high, hitting an eye-popping 82.5 TH/s. The Bitcoin (BTC) hash rate has broken yet another new all-time high, according to Aug. 19 data from monitoring resource Blockchain.com. The top coin’s hash rate has continued to break previous records throughout summer, today hitting an whopping 82.5...Read More
Partnership between crypto exchange bitFlyer and tech services company Tpoint Japan allows local users to exchange loyalty points for Bitcoin. Cryptocurrency exchange bitFlyer and technology services company Tpoint Japan announced a new partnership that allows local customers to exchange loyalty program points for Bitcoin (BTC) and earn rewards for paying in crypto. The official press...Read More
Bitcoiners give @Bitcoin a cautious welcome after years of pro-BCH rhetoric abruptly changes to BTC advocacy. Bitcoin’s (BTC) best-known names are currently playing a guessing game after one of the industry’s most controversial Twitter accounts changed its views overnight. @Bitcoin switches from Bitcoin.com to Bitcoin.org Multiple users, including Reddit’s r/Bitcoin Subreddit moderator, BashCo, are supplying...Read More
