Month: September 2018

World’s First Blockchain Identity Laboratory Launched In Scotland

boss

Europe’s first dedicated blockchain research facility and the world’s first advanced blockchain identity laboratory has been launched in the Scottish capital of Edinburgh. Blockpass Identity Lab @ Edinburgh Napier University launches today! @scotlandis @BlockpassIDLab @EdinburghNapier pic.twitter.com/alk9ZgHftH — Blockpass (@BlockpassOrg) September 26, 2018 Known as the Blockpass Identity Lab, the pioneering blockchain research facility will focus on exploring ways in which blockchain technology can be applied in protecting personal data online according to The Scotsman. Built at the Merchiston Campus of the Edinburgh Napier University, the laboratory is part of a…

Indian Crypto Exchange Zebpay Halts Trading Over Banking Ban

boss

Zebpay, the largest cryptocurrency exchange by trading volume in India, has announced it is halting its trading service later today. Giving only several hours’ notice, the Ahmedabad-based company said in a tweet that, from 16:00 local time (10:30 UTC) on Friday, it will halt its exchange service and cancel all unexecuted orders, crediting the funds to customers’ wallets. “No new orders will be accepted,” the exchange said. In a blog post published today, Zebpay further explained the decision directly results from the ban issued by India’s central bank earlier this year…

Cardano Price Analysis: ADA/USD Showing Bullish Signs Above $0.085

boss

Key Highlights ADA price found support near $0.0750 and traded higher against the US Dollar (tethered). There was a break above a key bearish trend line with resistance at $0.0815 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could continue to move higher towards the $0.0900 and $0.0950 levels in the short term. Cardano price is showing positive signs against the US Dollar and Bitcoin. ADA/USD remains supported above $0.0750 and it may climb towards the $0.0950 level. Cardano Price Analysis There was a…

How US Regulates the Political Donations in Crypto

boss

On Sept. 20, the crypto community was rattled by the news that California’s political campaign regulator ruled in favor of an outright ban of any and all cryptocurrency donations. It came across as a surprise for many that the progressive state, which is home to the world’s largest technology hub as well as to a politician whom Bloomberg calls the ‘Crypto Candidate for Congress,’ has suddenly set such a hard-handed regulatory precedent in the run-up to November’s elections. If anything, the signals that emanated from the state’s Fair Political Practices…

Why a ‘Decentralized’ Crypto Exchange Is Seeking a Securities License

boss

Everbloom, one of numerous so-called decentralized exchanges (DEXs) for cryptocurrencies that have cropped up lately, is seeking to become a licensed broker-dealer in a bid to attract institutional investors. Revealed exclusively to CoinDesk, the startup recently registered with the U.S. Securities and Exchange Commission and submitted an application for a license from the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization (SRO) for securities dealers. If approved, Everbloom would be allowed to profit from services related to trading securities. That’s a must in the company’s view, given the uncertain regulatory…

Ripple Price Analysis: XRP/USD Sighting Upside Break Above $0.55

boss

Key Highlights Ripple price is holding gains above the $0.5100 support level against the US dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.5550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may perhaps break the $0.5500 and $0.5550 resistance levels in the near term. Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD is likely to surge above $0.5550 to test the $0.6000 resistance level. Ripple Price Analysis There was a minor downside…

Bitcoin Rises 4% to $6,750, is Ethereum Eyeing a Move Towards $300?

boss

Over the past 24 hours, followed by the strong rally of Bitcoin price from $6,400 to $6,750, the crypto market rebounded strongly. Cardano and Litecoin, the two best performing major cryptocurrencies on September 28, recorded 10 percent gains. Recap of the crypto market on September 28, data provided by Coincap.io Within 10 hours, the price of ADA, the native cryptocurrency of Cardano, increased from $0.078 to 0.0876, by more than 12.3 percent. While most cryptocurrencies have slightly retraced after achieving a weekly high, the market has started to rebound once…

Crypto Exchange Seized by SEC, Why Exchanges are Cautious in Adding Tokens

boss

Although members of the US Securities and Exchange Commission (SEC) and Commodities and Futures Trading Commission (CFTC’) have recently stated that it would be in America’s best interest to give the crypto industry much-needed leeway, the two regulatory bodies have just cracked down on one of crypto’s very own. The 1Broker Black Swan Event On Wednesday afternoon, the SEC, one of the United States’ most influential government-backed agencies, revealed that it had formally charged crypto startup 1Broker for not complying with American laws. As per an official press release regarding…

Ethereum Price Analysis: ETH/USD Could Accelerate Above $230

boss

Key Highlights ETH price climbed higher and broke the $222 and $225 resistance levels against the US Dollar. There was a break above a crucial bearish trend line with resistance at $227 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $225 level and it seems like it could continue to move above $230. Ethereum price is trading with a positive bias against the US Dollar and bitcoin. ETH/USD may gain bullish momentum with a close above the $230-232 zone. Ethereum…

Ripple Leads Group of Firms to Convince US to Implement Friendly Crypto Policies

boss

A group of major players in the crypto and blockchain industry have joined forces to pay D.C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry. The group of fintech firms that are joining forces will be paying the lobbyists partially in crypto, and includes Ripple among other, smaller, startups. The announcement first came on Thursday, when the coalition announced that they would be retaining Klein/Johnson Group, a bipartisan lobbyist group that focuses in FinTech issues. The group clearly feels threatened by…