China’s state digital currency is coming. | Source: Shutterstock China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. Relaying the several key attributes of China’s new central bank digital currency (CBDC) Mu Changchun, deputy director...Read More
Poloniex is planning to upgrade XRP wallets, an upgrade that will result in the suspension of transactions for a short duration of time. This step is deemed important by the exchange for enhancing user experience. With this upgrade, users will no longer be required to deposit 20 XRP as the base reserve for opening an...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, September 6th, the EOS remains in a narrow flat, chiefly trading around $3.30. On the daily timeframe, the EOS demonstrates the continuation of a downtrend, but the speed of falling has decreased. If it keeps declining, one of the critical aims is likely to be at...Read More
Elon Musk tweeted about Porsche’s Taycan Turbo-electric sports car appearing to poke fun at the ‘turbo’ in the name. Twitter users pointed out that the Tesla CEO has his own history of using loose definitions. Yesterday we wrote of how four years after Porsche showed us the original Mission E concept, the 2020 Taycan is...Read More
The surprise announcement earlier this week that the top bitcoin exchange in Thailand was closing down sent shock waves through the Asian crypto community. BX was one of the most popular exchanges in the region and speculation is growing as to why the company made the snap decision to suddenly axe a clearly profitable venture....Read More
Customers who use the Stripe payment platform will now enjoy business loans up to $20,000 through the company’s recently unveiled Stripe Capital. The company is looking to provide businesses with better access to funds. Stripe, one of the world’s biggest payment services firms, has now announced its decision to get involved with business finance through...Read More
Blockchain is gaining speed in terms of adoption across the world and this is evident from the Spanish football giant, Atlético de Madrid, joining hands with the sports and entertainment blockchain company, Chiliz. After finishing 4th in the UEFA’s Club Coefficients rankings for 2019, the La Liga leaders cheered its fans by joining Socios, the...Read More
When Tron CEO, Justin Sun, postponed his $4.6 Million charity lunch with Warren Buffett, some believed it would never happen. However, Tron Communications Director, Cliff Edwards, has insisted that it will, in an interview with BlockTV. However, finding a suitable date for all parties is proving to be tricky. Finding A Window In Nine Busy Schedules...Read More
Bitcoin price has gained this week but what’s behind the move? | Source: Shutterstock This week brought a small reprisal for bitcoin price and the broader cryptocurrency market as it witnessed $20 billion added to its total market cap by late Tuesday. This was also reflected by an approximate 10% gain for BTC alone; so...Read More
[embedded content] A co-founder of LinkedIn and a member of the PayPal Mafia, Reid Hoffman, released a new rap video describing a competition between central banks and cryptocurrency. His “epic rap battle” begins with presenting the U.S. Founding Father and first Secretary of the Treasury – Alexander Hamilton, and, of course – Satoshi Nakamoto (don’t...Read More
Last year, Ripple and Coinbase were ranked high by LinkedIn. In 2019, they have taken 28th and 29th positions accordingly. With the rapid development of cryptos, blockchain is one of the most prosperous spheres to work in. In this regard, the networking platform LinkedIn published the list of the top startups to work for in...Read More
Apple is set to have its annual unveiling event. Will the technology giant breakout of the current “more-of-the-same” situation it is in? What exactly should we expect in the new iPhone 11? These are the questions on everyone’s mind. Apple is set to introduce its new set of phones at its annual phone launch on Tuesday...Read More
China’s state-backed digital currency is almost ready for launch, but apart from the fact that it would act as a stablecoin pegged against the country’s national currency, there is not much information on the project. However, as per the latest report from Reuters, the Chinese national digital currency could bear some similarity with Facebook’s aspirational...Read More
Source: REUTERS / Alexandre Meneghini (i), Shutterstock (ii). Image Edited by CCN. A Chinese crypto project that allegedly paid 2020 U.S. presidential candidate John McAfee $4.5 million to promote the Initial License Offering (ILO) of its Zombie Coin has now threatened to sue the influencer for $100 million. According to the firm behind the CZcoin...Read More
Amanda B. Johnson, Chairperson of the Dash Investment Foundation (DIF), is in the news after it announced on its YouTube channel that it would be ready to make its first funding proposal for investment-related activities. Johnson also spoke about strategy, funding policies and the Foundation’s plans for transparency. According to Johnson, the DIF is prepared...Read More
Whale Alert is a live tracker for major cryptocurrencies that alerts the public if any large transaction have been made. It’s mostly used as an alert of a potential market action or a whale entering / exiting a position. ? ? ? ? ? ? ? ? ? ? 94,504 #BTC (1,018,147,922 USD) transferred from...Read More
After testing $180 two days ago, ETH / USD bottomed out at $171 on Bitstamp. Right when the price hit that level, decent buy volume pumped the Ethereum price to $175. Due to lack of volume, the market since then has been trading sideways, just like most other cryptocurrencies today. Let’s go over any Ethereum...Read More
Another boring day in crypto where the markets don’t seem to be moving much. Most cryptocurrencies are trading sideways after a brief bull run last night. Let’s take a look at some of our favorite altcoins and see if the indicators tell us what’s to come ahead. Ethereum Price Analysis (ETH/USD) On today’s hourly chart,...Read More
In an industry where innovation is status quo, crypto exchanges have taken the lead in terms of delivering new tokens and creating newer gateways into the crypto ecosystem. One such leading establishment, Gemini announced the launch of Gemini Clearing™, which allows trades that are negotiated off-exchange or OTC to settle between Gemini accounts. Gemini co-founder...Read More
Stablecoin was crypto community’s answer to Bitcoin’s volatile market conditions, which managed to deliver some sense of stability within the ecosystem. The first and most controversial token in this space, Tether, has caught unwanted attention as one the company’s co-founders, William Quigley, mentioned something controversial. The information was highlighted on Twitter by @lisaabramowicz1, who tweeted,...Read More
Litecoin bulls continued to hover below its previously strong support zone around the $70 mark, despite subtle signs of recovery. After undergoing major losses in August this year, Litecoin, the fifth-largest cryptocurrency by market cap, might be heading for an upward breakout. At press time, Litecoin held a market cap of $4.14 billion and a...Read More
A Thai man who called himself the “cryptocurrency wizard” was arrested in Bangkok today, in relation to a 500 million baht cryptocurrency exchange fraud. According to a report by the Bangkok Post, 48-year old Mana Jumuang was part of a Thai-Vietnamese criminal group that duped thousands of people across multiple Asian countries. An arrest warrant...Read More
The NSA has revealed plans to create a quantum resistant crypto. It’s not the first time the agency has taken an interest in cryptocurrency. | Source: Shutterstock The U.S. National Security Agency (NSA) is going from crypto surveillance to crypto creation. According to Bloomberg reporter William Turton, the agency is developing “quantum-resistant crypto.” Anne Neuberger,...Read More
The crypto ecosystem has successfully leveraged a partnership-driven approach to gain mainstream attention, with exchanges such as Coinbase and Binance primarily fueling the initiatives. Moreover, Coinbase seems to have taken the lead in this regard, as the decentralized applications company Offchain Labs announced investment from Coinbase Ventures, the investment arm of Coinbase. Ed Felten, Co-Founder...Read More
Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it “a very high-risk situation.” | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN. Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by...Read More
The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders...Read More
A host of South Korean institutions have realized the potential and importance of integrating digital tokens into their businesses. Major businesses have already taken a step forward by announcing their own native tokens, taking a step closer to the mainstream adoption of cryptocurrencies. K-pop music giant SM Entertainment became the latest member to join the...Read More
The charity arm of Malta-based crypto exchange heavyweight Binance is launching a fundraising campaign for Hurricane Dorian victims. Donations will be accepted in Bitcoin, Binance Coin, and XRP. The Fury of The Dorian As per latest reports coming in from the Washington Post, Hurricane Dorian has already made headway into the American states of North...Read More
Look up “hyperinflation” in the dictionary, and you’ll probably find a picture of Zimbabwe’s 100 trillion dollar bill. The country has become an unfortunate poster for economic mismanagement, but one project, Zimbocash, is seeking to heal Zimbabwe’s economic woes with a token on the TRON blockchain. Zimbocash is not the only cryptocurrency attempting to make...Read More
Bitcoin ticker symbol “BTC” saw a sudden spike in interest on Google, but could the search engine results be manipulated? And why? | Source: Shutterstock Interest for “BTC” has exploded to a new record on Google Trends as search results for bitcoin’s ticker symbol skyrocket. The phenomenon started around August 30, when “BTC” searches suddenly...Read More
