By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. They are each going to pour $ 10 million into the project for the opportunity to be part of the governance structure of the new cryptocurrency. They even have a name and will be part of what Facebook is calling the Libra Association in a nod to the codename of crypto project. It’s understandable why payment companies
Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work
In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
“Bitcoin’s a great arbitrage mechanism for these companies. Anywhere you go, oil and gas producers are having issues,” Steve Barbour, founder of Canadian company Upstream Data, told Bitcoin Magazine.
Bitcoin 2019 Gears Up to Bring Bitcoin Back Into the Conference Spotlight
We’re a month and some change away from Bitcoin 2019: a conference made by Bitcoiners, for Bitcoiners. The conference will rekindle the same spirit of a similar Bitcoin conference that ended five years ago. Inspired by this earlier series, Bitcoin 2019 is rooted in the same ethos that has made Bitcoin the tried and true paragon of the crypto economy since its inception in 2009.
Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live
Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (the protocol, not the analytics company acquired by Coinbase) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian.
“This release required a diverse skill set of protocol engineering, product development and design thinking,” Tankred Hase, a Lightning Labs application developer, told Bitcoin Magazine. “I’m lucky enough to work with such a talented team at Lightning Labs where we can bring all those perspectives together. I’m hoping this release makes Bitcoin and Lightning more accessible to new types of users.”
Op Ed: Bitcoin Is Turning Left vs. Right Into Big Data vs. Privacy
The political spectrum is usually divided into four main categories: libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets. Libertarians tend to promote more liberal social policies, while authoritarians want to control what people do in the privacy of their own homes.
This is generally how political leanings are defined today, but technologies like Bitcoin and end-to-end encryption are changing that as our digital lives become, in some ways, more important than what we do in the real, physical world.
T1 Esports Expands Into Apex Legends With New Squad
In February, Comcast Spectacor, a Philadelphia-based sports and entertainment subsidiary of Comcast (CMCSA), partnered with SK Telecom, the largest mobile operator in Korea, to create a new joint venture: T1 Entertainment & Sport. At the time of the announcement, the T1 revealed it was planning to boost its presence in Fortnite, PlayerUnknown’s Battlegrounds (PUBG), Super […]
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Discover (DFS) Sponsors PAX East, Its First Foray Into Esports
Financial services giant Discover (DFS) has made its first move into the growing esports industry by sponsoring PAX East, which is taking place this weekend in Boston. Stop by our booth today at #PAXEast and take a GIF or photo during the Discover Card Tekken 7 Showdown. — Discover (@Discover) March 29, 2019 According to […]
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Bitcoin (BTC) Rallies Above $4,100 Heading Into the Weekend
The price of Bitcoin (BTC) increased another 1.6% on Friday, bringing the largest digital currency to $ 4,125 as it approaches 2019 highs… You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive […]
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U.K. Brexit Deal Beamed Into Space Through Blockstream’s Satellite Messaging App
Earlier this month, blockchain startup Blockstream announced that its satellite messaging application programming interface (API) was launching on Bitcoin’s mainnet. Now, one enterprising bitcoiner has used this platform to beam the U.K.’s proposed Brexit deal into space.
The application allows users to beam data into space, which can be downloaded by anyone with the appropriate receiver. Users can pay for the service using the Lightning Network.
Loom Network (LOOM) Plans to Integrate TRON and EOS Into PlasmaChain
Last week, Loom Network (LOOM), a blockchain ecosystem for games and social apps, announced support for the top-100 ERC-20 tokens by market cap, including Binance Coin (BNB), on PlasmaChain, a high-performance DPoS sidechain that acts as a bridge between multiple chains and Ethereum (ETH). On Wednesday, Loom Network kept the good news rolling with the revelation that […]
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Crypto.com Chain Token (CRO) Breaks Into the Top-25
Crypto.com Chain Token (CRO), the digital currency native to the new Crypto[dot]com Chain, has seen its price surge by more than 220% in the past week, giving the altcoin a $ 277 million market cap. This week’s gains saw CRO move up the rankings to become the 25th-largest cryptocurrency, as well as the 23rd-largest constituent in […]
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Comcast Spectacor Pushes Further Into Esports With New Joint Venture
Comcast Spectacor, a Philadelphia-based sports and entertainment subsidiary of Comcast, announced this week that it has partnered with SK Telecom, the largest mobile operator in Korea, to create a new joint venture: T1 Entertainment & Sport. The new venture will feature SK Telecom’s T1 League of Legends Champions Korea (LCK) team, in addition to new […]
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Markets Update: Support Turns Into Resistance for Leading Cryptocurrencies
Following Sunday’s sudden rally and retracement, most leading crypto assets have produced sideways consolidation just below the support ranges established during the previous week. The major exceptions to the trend are XRP and ONT, both of which appear to have held above last week’s support zones.
Also Read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
BTC Consolidates Below $ 4,000
BTC has traded between approximately $ 3,800 and $ 3,900 since Sunday’s nearly 10% retracement, with current prices sitting at roughly $ 3,800 on Bitstamp and $ 3,900 on Bitfinex.
Token Development Using the Bitcoin Cash Network Kicks Into High Gear
Ever since various token implementations were introduced to the Bitcoin Cash (BCH) network, the infrastructure has been significantly developed in order to advance the BCH-fueled token ecosystem. In the last few weeks, projects like Wormhole and the Simple Ledger Protocol (SLP) have seen a significant amount of token creation, alongside a variety of wallet support for the many tokens the community has already created.
Also read: Mt. Gox CEO Claims the Coinlab and Brock Pierce Deals Never Materialized
Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test
Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:
Figure 1: BTC-USD, Daily Candles, Macro Resistance
We can see a clear, descending supply-and-demand channel that governed the market for the last two months. Yesterday, the market broke north of the channel and it has since begun to march toward a major macro level (red dashed line). This level is very significant; A test of this level will make or break the current market structure. If we fail to break through and fail to close a new high, this could be a strong bearish signal that supply is still highly present in the market and needs to be shaken out before any meaningful upward progress is made.
Lawsuit Claims Blue Ocean Capital Duped Investor Into Buying $2M Worth of MCash
There’s never any shortage of financial scams perpetrated against those unfamiliar with the asset class and the latest scam allegedly involves a virtually unknown cryptocurrency called MCash Tokens. According to a February 1 legal filing, plaintiff Lijun Sun, a citizen of China and resident of California, transmitted a total of $ 2,000,020.93 to Blue Ocean Capital Group, Inc., […]
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Kudlow: Ocasio-Cortez’s 70% Tax on Rich Would Turn US into Venezuela
“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens. With high-profile Democrats such as Rep. Alexandria Ocasio-Cortez clamoring to raise income tax rates as high as 70%, Larry Kudlow is warning that the US could see a similar “catastrophe.” Venezuela is a “Catastrophe” Because of High Tax Rate Kudlow says the “old saw” of higher taxes on the wealthy from America’s political left “never works.” The former CNBC host says he doesn’t know how such proposals will pan out, but he’s already
Blockstream Breaks into Japanese Market with JPY Stablecoin, Partnership
Blockstream is partnering with Japanese fintech giant Digital Garage to bring a JPY stablecoin to the Bitcoin network.
To spearhead the project, Blockstream and the ¥120 billion (just over $ 1 billion) firm are working under the label Crypto Garage with the help of Tokyo Tanshi, the “largest inter-dealer broker in Japan w/ billions in trades daily,” according to Samson Mow, Blockstream’s chief strategy officer.
The collaborative is building the yen-pegged coin (JPY-TOKEN) on Blockstream’s Liquid network, a Bitcoin sidechain that tacks additional technical features onto the blockchain, like smart contracts.
Dow, Bitcoin Price Slouch into Tuesday’s US Trading Session
Neither the Dow nor the bitcoin price looks like it has the momentum to begin clawing back Monday’s losses, as both the stock market and the large-cap cryptocurrency index are flashing little movement ahead of the US trading session. Shaky Dow Hopes to Avoid Opening Bell Losses As of am 8:42 am ET, Dow Jones Industrial Average futures had gained 70 points or 0.29 percent, implying a rise of 49.78 points when the markets open. The index had steeled itself for an opening bell decline but fought back into the green on the back of strong pre-market earnings reports from
Why Trump’s Trade War Hasn’t Stopped US Venture Capital from Piling into China
President Donald Trump and the US government are neck-deep in a trade war with China. Yet US businesses and investors pushed more venture capital investment into China in 2018 than ever before. Though Trump has added tariff after tariff on the country, America’s private sector doesn’t appear to share the same urge to punish or
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