Day: November 18, 2018

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

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“Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial coin…

Singaporean Crypto Exchange KuCoin Raises $20 Million Series A

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Twitter Facebook LinkedIn Singaporean crypto trading platform KuCoin has announced the successful conclusion of a $20 million Series A funding round led by IDG Capital, Matrix Partners and Neo Global Capital. According to a statement released on November 14, the investment in KuCoin, which already boats some 5 million registered users is intended to enable the platform to “create more secure, widespread global access to this rapidly expanding technology market.” “Dynamic and Significant Partnership” Describing the importance of the investment to KuCoin’s future plans KuCoin CEO Michael Gan revealed that…

Institutionalization of Litecoin, Atomic Swaps, Lightning Network Positive for Bulls

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Latest Litecoin News Its one-step at a time and Litecoin pace is slow but steady. Even as prices drop to record lows printing at a time when Tushar Jain took to twitter thrashing Litecoin, the Founding Director of the Litecoin foundation and the owner of Litecoin.com has a different view of what the seventh most valuable coin represents. For one he really thinks Litecoin is a unique ecosystem, an independent network that has no business competing with Bitcoin but rather complement it. Regardless of low volumes, millions are still moved…

Major Swiss Stock Exchange SIX Lists the World’s First Crypto ETP Amidst Market Collapse

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Switzerland‘s principal stock exchange SIX Swiss Exchange will list the world’s first crypto-based exchange-traded product (ETP) next week, the Financial Times (FT) reported Saturday, Nov. 16. Backed by the Swiss startup Amun AG, the first global crypto ETP will be listed under index HODL, and will track five major cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). According to the article, each cryptocurrency will acquire a certain market share within the upcoming ETP, with Bitcoin accounting for around half of the ETP’s assets. The rest…

Bitcoin Price Weekly Analysis: Sell Rallies In BTC/USD Near $5,880

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Key Points Bitcoin price declined heavily and traded close to the $5,200 support level against the US Dollar. There is a short term consolidation pattern formed with resistance at $5,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher towards $5,750 or $5,880, but upsides are likely to be contained. Bitcoin price settled below key supports against the US Dollar. BTC/USD may recover in the short term, but sellers remain in control around $5,880. Bitcoin Price Analysis This past week, we saw…

Ethereum Price Weekly Analysis: ETH/USD Facing Uphill Task Near $194

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Key Highlights ETH price is forming a decent support above the $165 level against the US Dollar. There is a major bearish trend line in place with resistance at $193 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may slowly correct higher towards the $188, $192 and $194 resistance levels. Ethereum price is trading in a range versus the US Dollar and Bitcoin. ETH/USD could trade higher towards the $192-194 resistance area in the near term. Ethereum Price Analysis This past week, we saw a major…

CNBC Host Recommend Buying Ripple

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Latest Ripple News Like in any war, victims are usually the vulnerable. In the crypto space, the hash war between different factions within Bitcoin cash network saw ordinary investors’ record massive losses in several hours of madness. Surprisingly, in the midst of double digit losses in Bitcoin and most altcoins, XRP registered minor losses, rapidly recovering and closing three percent lower in the last week. All out war! Hash rate now same and SV almost same number of blocks. Both sides burning cash.. this could be a seriously expensive battle…

ECB Official Says Bitcoin a Clever Idea as Prices Steady

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Latest Bitcoin News While speaking at the Economics of Payments IX to mark a decade after the fall of the Lehman Brothers—an investment bank and a casualty of the Great Financial Crisis, Benoît Cœuré, the European Central Bank executive board member and the chair of the Committee on Payments and Market Infrastructures at the Bank for International Settlements has acknowledged that Bitcoin is a clever idea as part of his speech covering the rising awareness of cryptocurrencies and potential application of blockchain technology through which many other applications as cryptocurrencies…

Unsung Crypto Developer Wins Prestigious Award

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Twitter Facebook LinkedIn Professor Joseph Liu received an award at the end of October 2018 from the Australian Computer Society (ACS) recognising his recent achievements with the title “ICT Researcher of the Year.” Liu is the creator and development leader of the ring signature algorithm — a crucial technology used in Monero — which he initially conceived of and published in a paper in 2004. According to a quote published on Liu’s official website, he says that he is “honoured to receive the ‘ICT Researcher of the Year’ Award (winner)…