Day: November 22, 2018

Bitcoin Payments Drop while Lightning Network Capacity Increase

boss

Though there was a bit of stability yesterday, the decline would continue. First we expect BTC/USD to pull back ideally towards the $5,000–$5,500 before bear trend resumes. As we have seen, price drops are affecting chip-set manufacturers, investors and crypto payment processors as enthusiast refrain from spending BTC. Latest Bitcoin News That the market is plunging is true. But while the bear plunger threatens to drive prices to new lows, the side effect has been disastrous not only for ordinary hodlers but for businesses that help boost the network’s infrastructure…

BBVA and Santander Join EU Joint Blockchain Platform Set to Launch in 2019

boss

Banking groups BBVA and Banco Santander have joined the E.U. International Association for Trusted Blockchain Applications (IATBA), Spanish economic newspaper Expansion writes Nov. 20. The representatives of two Spanish banking groups were invited to an E.U. blockchain roundtable held in Brussels by Mariya Gabriel, the commissioner for Digital Economy and Society, and Roberto Viola, director of the E.U. Department of Communications Networks, Content and Technology. According to a BBVA press release, during the meeting  E.U. officials revealed that the IATBA will launch in the first financial quarter of 2019. The…

Bakkt, Fidelity Could Solve Bitcoin’s Liquidity Issue

boss

Twitter Facebook LinkedIn Over the past week, the price of Bitcoin has dropped by more than 35 percent, and the majority of analysts in the crypto space have shared the sentiment that the crash was triggered by the contentious hard fork of Bitcoin Cash. According to Bart Smith, the head of digital asset at trading giant Susquehanna, a lack of liquidity in Bitcoin markets allowed the dominant cryptocurrency to be vulnerable to a large sell-off caused by the Bitcoin Cash hash power war and hard fork. In the months to…