Day: November 13, 2018

Forthcoming Crypto Fund Extremely Bullish on Crypto Infrastructure and Adoption

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A cryptocurrency fund that is scheduled for launch early next year believes that the current slump in prices is distracting people from the ever-growing adoption rates of both consumers and investors alike. Circuit Capital has also created an index to measure mainstream adoption of blockchain-related technologies. Circuit Capital Index Shows Adoption is Rising, Even if Price Isn’t According to a report in Bloomberg, the founders of a new San Francisco-based cryptocurrency hedge fund believe that the poor performance of digital asset prices during 2018 has made it more difficult to…

One Third of German Logistic Managers Think Blockchain Will Improve Supply Chains

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More than a third of German logistics managers believe that blockchain technology has the potential to significantly improve cooperation in supply chains, according to a Hermes survey published Nov. 12. The survey polled participants on which technologies they believed were important for improving cooperation within the supply chain. 35 percent of respondents recognized the importance of blockchain, while 33 percent said that big data is important. Participants also noted the importance of Cyber-Physical Systems (56 percent) , Enterprise Resource Planning systems (46 percent), and sensor monitoring and data acquisition systems…

Bitcoin Price Decline Will Persist until Mid-2019: Crypto Analyst Willy Woo

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Twitter Facebook LinkedIn When the bitcoin price flatlined near $6,500 in mid-October, many crypto analysts predicted that the bears had finally become winded following a market downturn that has persisted for nearly a year and that the market could be primed for a December rally. However, technical analyst and trader Willy Woo does not believe that the flagship cryptocurrency’s immediate future is quite so rosy. Writing on Twitter, Woo said that he does not expect the bitcoin price to find a floor until the second quarter of 2019, meaning that…

Crimean Government Considers Creation of Blockchain Cluster and Crypto Fund

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Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory. The cluster would be located within the special economic zones (SEZ) in Crimea and its largest city Sevastopol, major state-operated Russian news agency TASS reported Nov. 9. Georgy Muradov, the Permanent Representative of the Republic of Crimea under the President of the Russian Federation, shared the Crimean government’s potential plans about the blockchain-cluster and crypto fund at a meeting of the program committee of the Yalta International Economic…

Bitmain Restructures Leadership Board Positions Ahead of IPO

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According to recent reports, Chinese cryptocurrency mining giant, Bitmain, is undergoing a major leadership shuffle as the company restructures its board of directors ahead of its imminent IPO on the Hong Kong Stock Exchange (HKEX). Bitmain’s upcoming IPO is expected to set a record for the cryptocurrency industry and will likely solidify Bitmain’s market share of the mining industry and help further position the company as one of the largest cryptocurrency-related companies in the world. Recent reports from a Chinese-based cryptocurrency news outlet, 8Btc, claim that four out of six directors…

Bitcoin Group SE Buys Investment Bank Tremmel For Undisclosed Figure

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Bitcoin Group SE has bought 100 percent shares of investment bank Tremmel for an undisclosed amount. This is the German digital currency exchange operator’s second acquisition in 2018. Bitcoin Group, which holds current assets of $40 million, said Tremmel allows it to issue its own cryptocurrency-related products, conduct proprietary trading and operate bitcoin ATMs. Also Read: Sompo Holdings Acquires 10% Stake in Kenyan Cryptocurrency Exchange Bitpesa Acquisition to Expand Bitcoin Group Services Portfolio The Frankfurt Stock Exchange-listed company operates Bitcoin.de, Germany’s only regulated digital currency exchange, trading BTC, BCH and ETH.…

Crypto Markets See Slight Decline on The Day, Bitcoin Cash Makes Minor Gains

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Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week. Bitcoin 7-day price chart. Source: CoinMarketCap The…

Court Takes Control of Funds Amid Crypto Exchange’s Banking Dispute

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A Canadian court is taking charge of $26 million CAD claimed by crypto exchange QuadrigaCX due to a dispute over the funds’ provenance. Judge Glenn Hainey of the Ontario Superior Court of Justice granted the Canadian Imperial Bank of Commerce (CIBC) an interpleader order on Nov. 9, allowing the court to take control of the funds until their ownership can be established. However, the bank will maintain liability for the funds, given that CIBC froze the funds on its own initiative. An interpleader right occurs when at least two parties claim the…

Court Takes Control of Funds Amid Crypto Exchange’s Banking Dispute

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A Canadian court is taking charge of $26 million CAD claimed by crypto exchange QuadrigaCX due to a dispute over the funds’ provenance. Judge Glenn Hainey of the Ontario Superior Court of Justice granted the Canadian Imperial Bank of Commerce (CIBC) an interpleader order on Nov. 9, allowing the court to take control of the funds until their ownership can be established. However, the bank will maintain liability for the funds, given that CIBC froze the funds on its own initiative. An interpleader right occurs when at least two parties claim the…

Falling Wedge Indicates Interim Breakout Scenario

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Twitter Facebook LinkedIn Bitcoin on Tuesday extended its downward momentum, dropping 0.67-percent against the US Dollar. The BTC/USD trading pair opened the Asian trading session at 6288-fiat and attempted an upside correction to as high as 6309-fiat. The selling pressure around the 6309-level resumed the downtrend. As a result, the pair kept forming red candles for the rest of the Asian and European trading session. It is now trading at 6294-fiat. The macroeconomic view of the US Dollar posted bullish sentiment for the currency. But it is not looking the…