Huobi Group’s U.S. crypto exchange, Huobi, has added three XRP (XRP) trading pairs to its platform. According to a recent announcement, XRP/USD, XRP/BTC and XRP/USDT will serve as the initial trading pairs. XRP can now be deposited onto the platform, while trading and withdrawals will begin on April 19 at 3:00 AM (EDT). “We are […]
Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:
Figure 1: BTC-USD, Daily Candles, Narrow Range
The blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. Since re-establishing support, the market has yet to see a meaningful retest of the overhead resistance outlined above in the red dashed and solid lines. The immediate resistance sitting overhead has, historically, been a highly volatile period where supply has manifested and stifled any bullish pressure:
A recently released report confirms a well-known observation – crypto-focused events are still largely male-dominated, not only in terms of registrants in general but also speakers. According to another finding, almost half of the attendees at the studied forums came from the U.S.
Crypto Industry Events Remain Male-Dominated
The research conducted by event software platform Bizzabo covers 100 conferences across 15 countries. These are all events visited by professionals from the crypto industry and related sectors who want to stay informed about the latest developments in the crypto space.
Ethereum‘s Vitalik Buterin has given about 1,000 ETH tokens each (currently worth about $ 324,000) to three separate startups that are working on the Ethereum ecosystem. The startups, namely Prysmatic Labs, Sigma Prime and ChainSafe Systems were gifted the tokens by Buterin as a “contribution to the push the development of Ethereum 2.0,” For instance, while … Continued
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The bitcoin price will rocket over the next three years, and cryptocurrency valuations will spike accordingly, says Jeremy Allaire, the co-founder and CEO of Circle, a peer-to-peer payments technology company backed by Goldman Sachs. While Allaire was reticent to set a specific bitcoin price target, he predicts that its value will unquestionably be a lot higher in … Continued
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Users of Coinbase Wallet will now be able to send as well as receive Ethereum Classic. In a blog post, cryptocurrency exchange Coinbase indicated that support has now been extended to not just Ethereum Classic but also to the more than 100,000 ERC20 tokens which exist in the Ethereum blockchain. Users of the wallet will,
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Three individuals are currently out on bond in Zambia after being arrested over charges related to a cryptocurrency investment scheme they had operated. The three suspects — Hilda Agnes Raubenheimer, Orient Rio Zekko, and Tapiwa Chirwa — are directors of cryptocurrency investment firm Heritage Coin Resources Limited, per the Zambian Watchdog. They allegedly collected more
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With Ethereum’s launch in 2015 came a flurry of excitement over the future potential of smart contracts.
Utilizing a more flexible scripting language than Bitcoin, the platform’s decentralized applications (DApps) were touted by proponents as unlocking a plethora of formerly untapped use cases for the blockchain. From tokenized assets and blockchain-based legal contracts to healthcare records and supply chain tracking, DApps are going to remold traditional industries in their image, solve bottlenecks and revolutionize enterprise inefficiencies out of existence.
More than three years later, and we’re still waiting for the revolution.
The government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around digital assets should become a legitimate part of the country’s economy.
Parliament to Adopt Laws for ICOs and Smart Contracts
The new regulatory concept will be implemented in two stages. The legal status of cryptocurrencies, trading platforms and other entities dealing with digital assets must be determined in 2018 and 2019. By the end of next year, the Ukrainian government will analyze the market to identify trends and outstanding issues in order to put forward adequate proposals to regulate the whole sector.
Axie Infinity, a new blockchain-based collectibles game that features PvP battles, has seen significant user adoption in the first few weeks since it went live on the Ethereum mainnet. Similar to CryptoKitties, Axie Infinity is a collectibles game that allows users to breed, earn and trade units that are represented on the Ethereum (ETH) blockchain. […]
Bitcoin futures trading is up. American financial market company CME Group Inc. announced on Twitter early on the morning of Wednesday, October 17, 2018, that its futures products are experiencing rising volume, explaining, “In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2.”
This is a massive improvement over just two months ago when CME stated that volumes on the futures markets had been in the hole for three consecutive trading sessions. During that time, CME’s data reported less than 2,500 BTC transactions — down from over 8,000 at the month’s midpoint. This represented a fall of nearly 70 percent over eight days.
When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage.
The Global Energy Misconception
The pseudo-environmentalist brigade will have you believe that Bitcoin (BTC) 00 mining would be the death of the planet. Much of their arguments revolve around the energy consumption of data centers used for carrying out the complex mathematical computations needed to validate transactions on the blockchain.
The China Electronics Standardization Institute (CESI), a government organization under the country’s Ministry of Industry and Information Technology (MIIT), plans to release three blockchain standards for smart contracts, privacy and deposits as a way to improve the country’s development of the blockchain industry. The standards, which would be association based, were announced by Li Ming,
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Crypto trading app Robinhood is now available in more U.S. states. In October, the platform has launched services in Rhode Island, Tennessee and Arkansas. The move brings the total to 24 states whose residents can now make zero-commission trades in several leading cryptocurrencies.
App Available in Rhode Island, Tennessee, Arkansas
Robinhood, the popular mobile application that offers free trading of stocks, options, exchange-traded funds (ETFs), and crypto assets, has recently expanded its coverage in the U.S. adding Rhode Island, Tennessee and Arkansas since the beginning of October. The consecutive announcements made on social media came after the company launched in Alaska and Oklahoma last month.
The Malaysian government is seeking to explore blockchain solutions in the nation’s three largest industries: renewable energy, palm oil, and Islamic finance. A task force named the Malaysian Industry-Government Group for High Technology (MIGHT) will be spearheading the move to adopt blockchain in each industry in order to increase transparency, sustainability, and logistical efficiency according to a
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The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes. The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an
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Global recession, are we in or are we out? Is it a double dip? Triple threat?
Whilst the world of economics is a complicated one, the world of cryptocurrency does of course offer us some protection from potential market crashes and global recessions. It’s a sorry state of affairs that we have to protect ourselves in this way, but I suppose that’s life.
In a recession, turning to cryptocurrency can offer a way for you to protect your assets, though do remember that cryptocurrency is volatile and that even in this instance, cryptocurrency may not be able to fully save you.
Bitcoin’s network energy consumption has become somewhat of a hot topic as the cryptocurrency grows in popularity. A clean energy researcher, however, says that naysayers are missing critical factors when making their claims.
Having the Wrong Conversation
According to Katrina Kelly-Pitou, the popular debate on whether or not Bitcoin’s 00 network electricity consumption is causing serious damage to our climate is not headed in the right direction. Kelly-Pitou is a clean energy technology researcher at the University of Pittsburg,
Citing recent studies, which suggest Bitcoin dramatically increases the consumption of electricity on a global scale, Kelly-Pitou claims that experts are failing to understand some of the basics behind renewable energy systems:
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