Day: January 23, 2019

BTC Liquidity, Pennsylvania, Texas Clarity

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Bitcoin Price likely to bounce above $3,800 Pennsylvania DoBS clarifies that crypto exchanges don’t need MTA licenses to operate Average transactional volumes expected to rise in the short-term After yesterday’s higher highs, Bitcoin is poised to extend their gains today. Gains are low but up from yesterday’s lows meaning our previous BTC/USD trade plan is valid. If our projections are accurate, then we expect BTC prices to retest $4,500 and $5,000. Bitcoin Price Analysis Fundamentals There is a changing wave across the US. First, it was Texas, then Wyoming and…

Bitfury Releases New Set of Tools Aiming to Push the Adoption of Bitcoin Lightning Network

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Photo: The Bitfury Group / Twitter No matter how great is the concept behind seamless Bitcoin payments handled on the immutable blockchain network, it won’t be massively adopted until its major bugs that are hindering user experience would be eliminated. Prominent Bitcoin-related enterprises spur millions of dollars and workforce grappling with the system’s limited scalability and transaction time lags.   With over a decade passed from the first Bitcoin public notion, we have failed to adopt the hefty technology as our primary payment solution. However, this failure was a driving…

Top 10 Messenger App Telegram Plans Blockchain Platform Launch in March: Sources

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Global messaging app Telegram plans to release the mainnet and token for its blockchain-based Telegram Open Network (TON) platform as early as March 2019. The news was revealed to Cointelegraph by a source close to Telegram founder and CEO Pavel Durov today, Jan. 23. Telegram — which reportedly counts 200+ million active users per month, placing it among the top ten most popular messaging apps worldwide — raised almost $1.7 billion in two private initial coin offering (ICO) rounds last year for both Telegram and its forthcoming platform TON. Cointelegraph’s…

Crypto Could Take 10+ Years to Regain 2017 High, But Then Will Be Mature: Cardano Founder

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Crypto markets might need more than a decade to regain 2017’s price highs, but the industry will a “dramatically different ecosystem at that point,” according to top altcoin Cardano’s (ADA) founder, Charles Hoskinson. The industry expert made his comments in an interview with Cointelegraph at the Crypto Finance Conference, Jan. 17. Hoskinson compared crypto’s major growth spurt in 2017 with Amazon’s performance during the dot-com bubble. The entrepreneur — who is also the co-founder of Ethereum (ETH) — noted that it took 11-12 years for the internet giant to recover…

XRP Steady, Inroads to Mainland China

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Ripple price stagnant but net bullish Chinese University partners with Ripple Average volumes low but projected to rise as XRP demand increase There is progress from the fundamental side of the equation. Prices are stable but on a bullish path while Ripple continues to partner with universities. From the chart, XRP stands to retest 40 cents and even 60 cents by mid-Feb 2019. Ripple Price Analysis Fundamentals Cryptocurrencies and initial coin offering may be illegal in China. However, that is not stopping Ripple, the company behind the cryptocurrency, XRP, from…

Coinbase still Long on Bitcoin as CEO Investigates Details for Creating Value

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There are many cryptocurrency traders, investors, and enthusiasts that might have grown tired of Bitcoin price predictions, given the fact that the markets are so volatile. For example, Tom Lee of Fundstrat Advisors, who has frequently appeared on popular media platforms such as Bloomberg and CNBC, gave various incorrect predictions about the price of Bitcoin before ultimately abandoning the prediction game. However, one individual is making a big prediction, even though there isn’t a specific price associated with it. That individual is Brian Armstrong, the CEO of Coinbase, one of…

TRX Demand Increasing, BTT Effect?

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Tron price expansion, closing in on Stellar (XLM) and Litecoin (LTC) Platform ambitions could see it become a major player in years ahead Transaction volumes pick up hinting of underlying demand News of partnerships and other supportive fundamentals is supportive of TRX and Tron. As Binance and other exchanges prepare for air drops, demand should increase meaning TRX could outperform most coins in the top 10 and even flap Stellar (XLM) and Litecoin (LTC) Tron Price Analysis Fundamentals The crypto market is yet to chime in with expansions of late…

Blockport Allows Bitcoin Deposits, Pursues Hybrid-Decentralized Exchange Model

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Blockport Allows Bitcoin Deposits, Pursues Hybrid-Decentralized Exchange Model January 23, 2019 by Ian Edwards Dutch cryptocurrency exchange Blockport has announced that users will be able to deposit bitcoin with the firm, something which hadn’t been possible up till now. But though traders will now be able to transfer bitcoin to Blockport, the funds will actually be held in a wallet on one of three other crypto exchanges. The unusual setup is the first phase of Blockport’s plan to create a hybrid-decentralized exchange, on which is it working with blockchain technology…

Blockchain Startup to Boost Patient Safety and Prevent Overprescribing

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A blockchain solution has unveiled bold plans to make the United Kingdom’s medicine market safer by creating a system that prevents patients from ordering the same prescription from multiple pharmacies while stopping counterfeit drugs from making their way into the supply chain. MediConnect states that introducing new safeguarding for the public and the health care industry can save money and potentially lives. The motivation for the startup came after the company’s founders discovered the extent and impact of oversupply via the National Health Service (NHS) and private health care providers.…

Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues

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Blockchain-based smart contracts indubitably fall subject to private international law, a legal expert has argued in a post published to Oxford University’s Business Law Blog today, Jan. 23. Giesela Rühl — a professor of Private International Law and co-director of the Centre for European Studies at the Friedrich Schiller University in Jena, Germany — entitled her analysis “The Law Applicable to Smart Contracts, or Much Ado About Nothing?” As the title implies, the report argues that the presumed friction between smart contracts and established legal precedent may be over-exaggerated. Professor…