Day: October 26, 2018

Long-Time Developer Launches Its First Crypto Game

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An Australia-based digital entertainment company with a global audience of 350 million gamers is turning its attention to blockchain as it launches its first cryptocurrency-based web game. iCandy Interactive says CryptantCrab is a player versus player (PVP) game that offers “artistically designed crabs for players to collect, mutate, battle, and trade.” Each CryptantCrab is unique and individual to the players – as well as tamper-proof – a concept that the developer believes will ensure the game is “uncheatable.” Crabs can be mutated ahead of battles, and every triumph is duly…

Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says

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Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24. Data analyzed by Bloomberg reveals that in October, BTC had only one day of price swings of (+/-) 5 percent or more; as compared with nine days in January and February, seven in March, and five in July. Days with Bitcoin price moves of (+/-) 5 percent or above. Source: Bloomberg Bloomberg Intelligence analyst Mike McGlone is quoted as…

Quarterly Bitcoin (BTC) Futures Contracts by the CME Group Expire Today, October 26th

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October 26th might be one of the most significant dates in the crypto calendars this year due to an event might catalyze a trend reversal in the crypto markets. The crypto markets have been on a free fall since February when news of banning crypto trading in China and South Korea hit the crypto-verse. A few months prior, and on December 17th, the CME Group had launched Bitcoin (BTC) Futures contracts. The trading of the investment instruments, is regulated by the Commodity Futures Trading Commission (CFTC). Quarterly Schedule of Trading…

The Zcoin cryptocurrency has thrown out ASICs for a Merkle Tree proof concept

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New forms of crypto security and verification being tested The Zcoin cryptocurrency is planning on moving to Merkle tree proof Through a direct challenge to the different types of industrial-grade efforts that have transformed the once-lonely cryptocurrency mining into a multibillion-dollar activity. We now have Zcoin which has held itself up as the first cryptocurrency to “democratize” the mining process by using a Merkle Tree proof, which is based on a PoW algorithm in order to resist ASIC mining hardware devices. According to a press release that was presented, this came…

8000+ Expected – Blockchain Expo North America Exhibition Announces Expert Speakers

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startupsand has written over 1500 articles on Blockchain technology andstartups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat Ad honorem – Honorary Ph.d –…

Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman

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The U.S. should not “disadvantage” emerging technologies such as blockchain due to “antiquated” regulations, the head of the country’s telecoms regulator told Indian daily news outlet Indian Express Friday, Oct. 26. Speaking while attending the India Mobile Congress 2018, Ajit Pai, chairman of the U.S. Federal Communications Commission (FCC), also called for a “conversation” with tech giants such as Facebook and Google regarding data transparency. In the U.S., he explained, regulations governing telecoms first became law in the 1930s, and even with amendments posed difficulties for authorities attempting to get…

Chinese Arbitrator Reaffirms That Bitcoin Can Be Held, Privately Transferred as Property

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An arbitration body in China has ruled that cryptocurrencies such as Bitcoin (BTC) are legally protected as property, in a case published Oct. 25 via the arbitrator’s WeChat account. The Shenzhen Court of International Arbitration ruled in favor of an unnamed plaintiff in an equity transfer dispute, in which the defendant failed to return holdings of Bitcoin, Bitcoin Cash (BCH) and Bitcoin Diamond (BCD) as had been agreed upon in a contractual agreement. According to the case outline, the contract had authorized the defendant to trade and manage the plaintiff’s…

Bitcoin Price Watch: BTC/USD Remains Vulnerable Below 100 SMA

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Key Points Bitcoin price failed to move above the $6,400-6,410 resistance area against the US Dollar. There is a key bearish trend line in place with resistance at $6,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $6,410 resistance and the 100 hourly simple moving average. Bitcoin price is trading lower within range below $6,410 against the US Dollar. BTC/USD could revisit the $6,370 or $6,350 support levels if sellers gain control. Bitcoin Price Analysis Recently, there was a…

Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

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U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals. According to the document, published by the U.S. Patent & Trademark Office (USPTO), the payment processor has plans to allow merchants to interact with what it calls “blockchain currencies” via a new method of simultaneous crypto and fiat storage. Specifically, reference is made to “methods for managing fractional reserves of blockchain currency.” Mastercard has offered a mixed public stance on cryptocurrency in recent years, this…

Cardano Price Analysis: ADA/USD Could Drop Towards $0.070

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Key Highlights ADA price failed to move above the $0.0770 and $0.0800 resistance levels against the US Dollar (tethered). There is a crucial bearish trend line in place with resistance at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently at a risk of a downside break below the $0.0740 support in the near term. Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD is likely to slide further towards the $0.0720 and $0.0700 support levels. Cardano Price Analysis…