Day: September 23, 2018

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

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Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap. Market visualization from Coin360 After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day. Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s…

Collaboration With PNC Leads to XRP Surge

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In another major milestone for cryptocurrency adoption, United States bank PNC will begin using RippleNet to process international payments for its clients. Ripple made the announcement on Sept. 19, stating that PNC’s Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank’s U.S. commercial clients. According to initial reports, xCurrent will allow PNC clients to receive payments instantly, which will change the way companies approach cash flow and account management. The software allows banks to communicate instantly, to confirm payment both before and…

Iceland’s Industry to Shift From Crypto Mining to ‘Pure Blockchain Business,’ Insiders Say

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Iceland’s crypto industry is expected to move away from crypto mining and shift to “pure blockchain businesses.” This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring September 23. Halldór Jörgensson, chairman of Reykjavik-based Borealis Data Center, told Red Herring that demand from local crypto and blockchain facilities is “shifting more towards the pure blockchain business,” rather than focusing on Bitcoin mining. According to Jörgensson, the frenzy around Bitcoin (BTC) mining has declined to a level that is “not…

Bitcoin Price Nears $6,800 Resistance as Crypto Market Records Large Gains

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Over the past few hours, Bitcoin has recorded a slight 1 percent increase in price, nearing the $6,800 resistance level. The rest of the crypto market recorded large gains across the board as Electroneum and Stellar led the market with 70 percent and 20 percent gains respectively. As CCN reported on September 22, billionaire investor Mike Novogratz laid out $6,800 and $8,800 as major resistance levels for BTC in the short-term. If BTC can break out of the $6,800 mark in the next few hours, it is highly likely for…

Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs

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Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan’s Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the…

Chechen Republic Seeks to Open an International Mining Pool

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Chechen Republic Seeks to Open an International Mining Pool September 23, 2018 by Jeff Fawkes A crypto-cluster is planned for construction in the Chechen Republic. The first step will be a pool that will unite resources from miners in the Eurasian Economic Union zone. This will allow savings of three to five percent, by cutting commissions to foreign service providers. Also read: How Community is ‘Redefining Value’ in Crypto: Cheng Yao of BitKan Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Crypto Chechnya Project in the Chechen Republic Chechen Republic…

Ethereum (ETH) Reclaims the Number 2 Spot After XRP’s Recent Surge in The Markets

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There is doubt that XRP has experienced one of the most impressive last few days in the crypto markets. It all started on the 17th of September when one of Ripple’s Executives hinted that xRapid would be going live in the next month or so. Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, was the executive who made the following comments with regards to xRapid : I am very confident that in the next one month or so you will see some good news coming…

China During Crypto Ban: One Woman Tries to Live on Bitcoin

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Close to being yet another annoyingly false media piece on how ‘hard’ it is to live on cryptocurrency, the Netflix of China, Iqiyi, followed a woman attempting just that for 21 days. Bitcoiners have been doing so for years through various service providers, exchanges, and, yes, even peer-to-peer, yet the clearly untrue ‘hard’ narrative is often repeated. Thankfully, the new Chinese documentary Bitcoin Girl is somewhat different; instead of focusing upon tech hurdles exclusively, it also highlights how bitcoin lives on during a severe Communist Party crackdown. Also read: Turkey…

Crypto Trading 101: The Moving Average Convergence Divergence

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Simple trading methods like the trend-following approach work best when trading cryptocurrencies or financial markets in general. While several technical indicators help identify changes in the strength, momentum, and duration of a trend, none are simpler and more widely used than the Moving Average Convergence Divergence (MACD). By definition, the MACD “turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average.” Since the MACD is a “trend following” or “lagging” indicator, it trails pricing events that have already happened…

BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa

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BitPesa, a digital treasury management solution that leverages blockchain settlement to lower the cost and improve the speed of payments to and from frontier markets, has teamed with SBI Remit, Japan’s largest remittance service provider, to make it easier for Africans to buy Japanese products.   The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents. The partnership will help businesses scale faster between Japan and Africa. Conversions Simplified The partnership allows the African customer to deposit funds in…