In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN recently got our hands on some tokens. Venezuela’s Petro Cryptocurrency Exists Ever since Maduro’s announcement, the Petro has been a controversial cryptocurrency. Maduro has claimed 100 million tokens were to be issued and has since made it an official alternate currency in the country. The Venezuelan leader has pushed its adoption by forcing organizations in Venezuela to use the Petro, and by converting pensioners’ payments to it
By CCN.com: Bitcoin Cash posted the most gains out of the top 10 cryptocurrencies. Ethereum lost nearly 2%, XRP and Bitcoin over 1%, and Bitcoin SV continues to threaten an exit from the top 10. Thus is the state of the crypto market on late Wednesday afternoon. Bitcoin Price Slips Toward $ 3,500 In yesterday’s market
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By CCN.com: The US stock market returns to action this morning following Monday’s holiday break, and the Dow is gearing up for a triple-digit loss at the opening bell. The bitcoin price, meanwhile, experienced a jolt of volatility ahead of the US trading session to break out of what had previously been a relatively calm
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Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed “ShakePay Change,” the pre-launch of the service was announced in a Medium post.
The new service connects to a user’s bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically. So, if you buy a latte for $ 2.97, Shakepay Change would use the $ 0.03 to invest in bitcoins or ether.
A new development has arisen in the U.S. Securities and Exchange Commission’s (SEC) efforts to regulate ICOs: a District Judge has turned back a request for an injunction.
According to a recent legal briefing, San Diego District Judge Gonzalo Curiel has been presiding over a case between the SEC and the startup company Blockvest. On November 27, 2018, although Judge Curiel had previously “granted the SEC’s ex parte request for a temporary restraining order and froze the assets involved in the ICO,” he has now stated that the SEC couldn’t demonstrate that buyers of Blockvest’s ICO expected to receive a profit.
Chart for BCH/BTC (1W)
Bitcoin Cash (BCH) is about to go through a critical hard fork. Just before that hard fork, a lot of investors have started hoarding Bitcoin Cash (BCH) in order to receive the free coin. During the last few months, Bitcoin Cash (BCH) vs. Bitcoin (BTC) debates have been on a rise. Bitcoin Cash (BCH) evangelist, Roger Ver has been explaining on different forums how Bitcoin Cash (BCH) is more spendable compared to Bitcoin (BTC). This recent development in the form of a price boost just before a hard fork would also have its impact on the BCH vs. BTC debate. As the BCH/BTC weekly chart shows, Bitcoin Cash (BCH) made an impressive move against Bitcoin (BTC) last week and is now struggling to get past the 21 Week EMA.
A non-profit called the Social Alpha Foundation is crusading to use cryptocurrency donations as grants. The grants will be awarded to entities dedicated to projects related involving social impact and blockchain education.
Influential figures inside of the cryptocurrency world are finding themselves in the company of some of the world’s richest people.
Earlier in the year, a spokesperson from BitInfoChats estimated that between 20,000 to 200,000 people had become millionaires thanks to Bitcoin.
Parity Technologies, a startup company building various products for the decentralized web, has launched version 2.0 of the beta for “Signer,” a new app that allows users to turn any smartphone into a crypto hardware wallet. "Wouldn’t it be cool if there was an app that could turn your old phone into a hardware wallet?" […]
Today could shape up to be an interesting day for a fair few cryptocurrencies. One of the more interesting markets right now is Litecoin, even though its overall gains are anything but spectacular. That is not necessarily a bad thing either, but there are some developments behind the scenes to keep an eye on.
Litecoin Price is on the Move
There are always interesting developments taking place in the world of cryptocurrency. Especially altcoins tend to do things a bit different compared to Bitcoin itself, even though the gains are not exactly too amazing right now. For Litecoin, the momentum is finally turning around, albeit in far less spectacular fashion than some traders would like to see.
The government of Austria, like almost every other on the planet, is sinking deeper into debt. The country is planning to raise 1.15 billion euros in an auction next Tuesday.
In an effort to reduce costs and increase efficiency, the bonds will be issued and authenticated using the Ethereum blockchain.
Austrian finance minister Hartwig Löger said the following in a statement:
For us, blockchain technology is an important part of economic policy. With the establishment of the Fintech Council in the Ministry of Finance, we are developing strategies so that Austria can profit from these developments as much as possible.
Austria will raise a total 1.15 billion euros in a federal bond auction on Oct. 2 using blockchain notarization, according to Oesterreichische Kontrollbank (OeKB), which oversees the auctions for issuing federal bonds as a neutral capital market participant for the Austrian Federal Financing Agency (OeBFA). The auction demonstrates Austria’s pioneering role in Europe for deploying blockchain
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A whistleblower who leaked data exposed tax-evading and money-laundering clients at the multinational financial institution he worked in has just given the finger to the banks once again by lending his efforts to increasing cryptocurrency awareness. Herve Falciani, the former computer systems analyst at banking giant HSBC, is now promoting a cryptocurrency known as Taboow,
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Chart for XMR/USD (1W)
Monero (XMR) is almost as old as Bitcoin (BTC) but this project failed to receive the attention it deserved during the early days. This is because blockchain became so hot an industry that everything else faded away in comparison. A lot of cryptocurrencies came into existence that had no use case other than being just a blockchain and still succeeded in raising millions of dollars through ICOs.
Bitcoin’s weekly MACD indicator has risen above zero for the first time since January, confirming a long-term bearish-to-bullish trend change.
Singapore’s primary stock exchange has announced a working partnership with the country’s central bank to develop a blockchain platform for securities’ settlements. In an announcement on Friday, the Singapore Exchange (SGX) revealed details of a new working partnership with the Monetary Authority of Singapore (MAS) – the country’s central bank – to enhance Singapore’s Delivery
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Mazzuma, the third highest ranked mobile money payments system based on transaction volume in Ghana seeks to utilize blockchain technology through the creation of the MAZ cryptocurrency to enable instant seamless payments globally.
Mazzuma, the flagship product of CYST, has been a force to reckon with in the online payments ecosystem in Ghana since its inception in 2015 bringing in over $ 2 million USD worth of transactions till date with over twenty-six thousand registered users. The Ghanaian-based startup has contributed immensely to financial inclusion in the West African country with its range of application that includes a mobile application and a Telegram, and Facebook Messenger bot that communicates with users in local English (Pidgin English); enabling easier payments for the unbanked in society.
Bitcoin (BTC) has been in a constant downtrend for the last few weeks. The price crashed especially hard during the last few days. The price did break below $ 6,000, but contrary to expectations, the price found support at what was previously a downtrend resistance as can be seen on the BTC/USD daily chart above. The fall slowed down after Bitcoin (BTC) breached $ 6,000 but Bitcoin (BTC) was still expected to test the $ 5,800 support, which it didn’t.
The Australian government will provide a AUD$ 2.25 million grant to an initiative that seeks to use blockchain technology to develop transparency in the sugar industry. Known as the Sustainable Sugar Project, it will be used to prove the origins of the sugarcane used and the sustainability of farms. This will give consumers confidence in the sugar they consume, especially in the wake of recent counterfeits. Australia’s sugar industry is one of the country’s most important industries, and once implemented, the initiative will mark a huge step forward for blockchain technology.
Coinfloor, a cryptocurrency exchange that operates multiple subsidiary exchanges, is joining hands with Trading Technologies International, Inc., a leading trading software provider. The organization will utilize the software company’s TT Score machine-learning technology so executives can examine and monitor suspicious activity occurring on their exchanges.
Speaking with Bitcoin Magazine, Morgan Trinkaus, product manager at Trading Technologies, explains that manipulation usually occurs in every market but that the cryptocurrency industry is particularly vulnerable as it is less mature.
While the Larimar trade has recently been corrupted by malicious actors due to the popularity of the gemstone, the Atlantis Blue Project seeks to use Stellar’s blockchain to thwart this activity and restore its balance.
The Blue Beauty
Larimar is a rare gemstone found in the province of Barahona of the Dominican Republic. The stone is coveted by many due to its rumored healing powers, ability to increase one’s communication skills, and desirability as a stone used in fine jewelry. Also known as the Atlantis Stone, Larimar’s blue color comes from its substitution of copper for calcium in its formation.