#1 Source For Bitcoin And Altcoin News
Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $ 4,265 to $ 4,030, demonstrating a decline in daily volume. On fiat-to-cryptocurrency trading platforms like Coinbase and Bitstamp, the dominant cryptocurrency was dangerously close to dipping below the $ 4,000 support level. A drop below the $ 4,000 mark could disallow a
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Led by ripple (XRP), the bitcoin and the altcoin markets edged lower on Thursday after staying on the bulls’ side for most of the week. Ripple Price Headlines Pullback The cryptocurrency market as a whole witnessed their uptrends getting stalled. Other top performers during the previous rally, including stellar (XLM), bitcoin cash (BCH) and EOS,
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Christie’s recently announced the introduction of a system for recording art transactions on blockchain. The decision is just the latest example of how the tech is catching on inside of the art world.
Leading auction house Christie’s announced a new system utilizing blockchain to encrypt the registration of art transactions for a November sale.
The company is planning to sell a variety of major artworks from one of the most extensive privately-held collections of American art from the last century. According to early estimates project that the artworks could command more than $ 300 million at auction.
Suspicions were running high over EOS once again September 26 after four senior executives resigned from parent company Block.one to start a spin-off venture.
The latest episode in the chequered history of both the platform and Block.one, now ex-senior vice president of tech operations David Moss led an exodus to create StrongBlock.io, a mysterious EOS-related outfit about which few details have surfaced.
With Moss as CEO, StrongBlock has also poached infrastructure president Brian Abramson, senior director of technology products Corey J. Lederer and vice president of product Tom Cox.
XRP, the digital currency attached to fintech startup Ripple, has surged more than 17% over the last 24 hours. This jump in price came shortly after Ripple’s head of regulatory relations for the Middle East and Asia-Pacific, Sagar Sarbhai, hinted that the firm was witnessing significant progress in its xRapid product, which speeds up transactions at banks using XRP. As a […]
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Bain Capital, a global alternative investment firm based in Boston, recently led a $ 15 million Series B for Seed CX, a startup cryptocurrency exchange that offers institutional trading and settlement for both spot market and CFTC-regulated derivatives. According to the official announcement, Seed CX will use the new capital to expand its physical trading infrastructure, grow […]
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Nintendo has been dominating the competition in terms of video game sales this summer. Last June, Nintendo released the best-selling video game of the month with Mario Tennis Aces before following-up with Octopath Traveler in July, which also topped the charts for the month. Despite the fact that the NPD Group does not track Nintendo’s […]
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In support of the Chinese government’s tightening clampdowns on local crypto-industry, a mobile payment giant has decided to bar virtual currency transactions on its platform. WeChat Pay on Friday issued a statement stating that they would prohibit users from sending or receiving funds related to cryptocurrencies on its social media platform. The Tencent-backed firm cleared
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Chart for VeChain/US Dollar
VeChain (VEN) made a stunning comeback during the recent crypto relief rally by surging 35% in the last 24 hours. The cryptocurrency which was forgotten for a while after leaving the top 20 league has now once again become the 20th largest coin by market cap. The price has yet to break out of the downtrend but it seems to have found support at the lower limit of what forms a falling wedge inside VeChain (VET)’s descending channel since the correction.
In two short weeks, ETHUSD has devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease:
Figure 1: ETH-USD, 1-Day Candles, Macro Trend
Galaxy Digital, a merchant bank founded by famed bitcoin investor and president of the Fortress Investment Group, Michael Novogratz, has led a $ 52.5 million investment round for cryptocurrency-backed USD lending platform, Blockfi.
Also Read: Coinbase Now Offers Crypto currency Gift Cards in Europe and Australia
In the company’s first institutional investment into “cryptoasset backed loans,” Galaxy Digital Venutres LLC, has been announced as the leader in a $ 52.5 million fundraising round for crypto-backed lending platform, Blockfi.
With all of the cryptocurrency markets showing early signs of a recovery process, interesting things can happen. While it remains to be seen if this momentum can be sustained in the long run, the TRON price is enjoying some positivity. More specifically, its value has increased by 6% in the past 24 hours, which is pretty interesting to take note of.
Bitmain, the largest of the Bitcoin mining operations, is putting its muscle behind mobile payments and cryptocurrency trading firm Circle by leading a $ 110 million Series E round of funding, the companies announced on Tuesday, March 15, 2018, at Consensus in New York City.
Several other venture capital firms, including Breyer Capital, General Catalyst and Accel, joined the round, which now pushes the value of Boston-based Circle to $ 3 billion, from a reported $ 480 million in 2016, according to a statement by Circle.
The US state of West Virginia has become the first state to test a blockchain-based mobile app for voting. This project will initially only be available to out-of-state military personnel.
The benefits of blockchain technology have been widely publicized, especially after cryptocurrencies started stealing the headlines last year. Core characteristics such as immutable records, security, and efficiency means that it can be integrated into a wide variety of industries, such as supply chain management and even voting.
The blockchain is taking China by storm as companies in the country are lining up left and right to file patents related to the emerging technology — despite the country’s crackdown on ICOs, cryptocurrency mining, and trading.
Chinese companies are taking blockchain technology very seriously.
According to data sourced from the World Intellectual Patent Organization by Thomson Reuters, more than half of 2017’s 400 blockchain-related patent applications came out of China. For comparison, the United States came in second with 91 applications.
Porsche is officially the first automobile manufacturer to both implement and successfully test the blockchain directly in vehicles, thanks to Berlin-based start-up XAIN.
In the race to implement blockchain technology into consumer automobiles, Porsche is firmly in the lead.
According to the company’s official newsroom, the German automobile manufacturer tested remotely locking and unlocking vehicles via a blockchain-powered app, as well as temporarily granting access authorizations. Additionally, Porsche is testing new business models based on encrypted data logging, with goals of improving autonomous driving functionality.
