Day: February 7, 2019

Bitcoin Stuck Around $3,400 as the Stock Market Sees a Minor Downturn

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Thursday, Feb. 7 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time, with Bitcoin (BTC) hovering just over $3,400 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up a fraction of a percent on the day, trading at around $3,409, according to CoinMarketCap. Looking at its weekly chart, the current price is just over 1.5 percent lower than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap According to TransactionFee data,…

XRP Reject Losses, IMF Economists Pro Crypto?

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Ripple price stable, reject lower lows IMF proposes a duo cash system with virtual currencies and cash in circulation Transaction volumes low, likely to spike as prices recover Finally, IMF economists agree that there is a way governments can incorporate virtual currencies in their economies.  Any assimilation would be an endorsement that would see prices of digital assets including XRP claw back losses. Ripple Price Analysis Fundamentals The global economy is yet to recover from the GFC of 2008-09. With trillions gone down the drain, Satoshi took advantage of this…

Ripple Expands Blockchain University Initiative With Partners in US, China & Singapore

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Ripple has announced the latest new partners in its global University Blockchain Research Initiative (UBRI), which include universities in the United States, China, Singapore and Brazil. The development was announced in a press release published Feb. 7. As reported, Ripple launched UBRI in June 2018  to support academic research, technical development and innovation in blockchain, cryptocurrencies and digital payments. The program has now reportedly onboarded eleven new higher education partners — including Carnegie Mellon, Cornell, and Duke universities in the United States, the National University of Singapore, the University of…

Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE

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Crypto exchange ErisX has appointed three veterans from Barclays, Youtube and the Chicago Board Options Exchange (CBOE) to fill executive roles at the company. The development was announced in a press release published Feb. 7. As reported, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to begin support for spot trading in major cryptos. The exchange will support spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as futures contracts starting in the second half of 2019, pending United States regulators’ approval.…

Book 550,000+ hotels worldwide using TRX

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Tron prices shrink ahead of Feb 11 BTT airdrop Book hotels through Travala and pay using TRX Transactions volumes low, prices could drop towards Jan 21 lows Despite increasing adoption and upcoming BTT airdrop, TRX is yet to print above BTT Pre-ICO levels. Nevertheless, TRX stands to weather strong sell pressure and resume their uptrend in the third stage of a classic bull breakout pattern. Tron Price Analysis Fundamentals Through Travala, you can now pay your accommodation using TRX in 82,311 Destinations across 210 countries. What’s more, by settling your…

FAANG Appeal Fades As CRACKS Appear

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FAANG Appeal Fades As CRACKS Appear February 7, 2019 by Paul de Havilland FAANG stocks have dominated the NASDAQ landscape for the best part of a decade. That landscape is bound to change, with CRACKS positioned to become the new force in tech stock growth. Also read: NIRP, NIRP: The Negative Interest Rate Meme Just Won’t Go Away Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts FAANG Gang Losing Its Allure Apple (APPL:US) stocks have nose-dived by around 25 percent in six months, as investors see slower…

90% of Finance Professionals Think Blockchain Will Have a Positive Impact

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A TD Bank survey revealed that 90 percent of treasury and finance professionals think that blockchain and distributed ledger technology (DLT) will positively affect the payments industry, according to a press release published on Feb. 6. The survey, conducted by top ten United States-based bank TD — a subsidiary of the Canadian multinational Toronto-Dominion Bank — involved 406 industry professionals at the 2018 AFP Conference held Nov. 5-6, 2018, in Chicago, Illinois. The answers collected reportedly also reveal that only 14 percent of the respondents said that their organization has…

Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse

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Bitcoin (BTC) trading volumes in Venezuela have reached a new all-time high amidst massive hyperinflation and an ongoing presidential crisis, tech news outlet TrustNodes reports Feb. 6. Bitcoin weekly trading volumes reached above 2,000 BTC (about $6.8 million) on peer-to-peer (P2P) exchange LocalBitcoins during the week ending Feb. 2. Venezuela LocalBitcoins Weekly Trade Volumes in BTC. Source: Coin.Dance The recorded trade volumes on LocalBitcoins are just a fraction of overall estimated Bitcoin trading by Venezuelans. As TrustNodes reports, a large amount of trading is taking place on centralized exchanges located…

Cryptocurrency App Abra Will Allow Investment Option For Stocks and ETFs with Bitcoin

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Cryptocurrency wallet app Abra announced new features allowing everyone, everywhere in the world to invest in traditional stocks, commodities and exchange-traded funds or ETFs using Bitcoin. The company plans to start with popular US stocks and ETFs and add more global assets in the coming months. These major stocks include Facebook, Apple, Amazon, Google, Netflix, and commodities such as SPDR Gold Trust, among others. The US-based firm announced early access registration to the platform. This would allow users in 155 countries to invest in 50 new traditional investment assets with…

BitTorrent Partners with CoinPayments to Launch Support for Native BTT Token

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Peer-to-peer (p2p) torrent client BitTorrent has announced that its native token, BitTorrent Token (BTT), based on the Tron protocol, is now supported by CoinPayments’ crypto payments gateway. The news was shared with Cointelegraph in a press release Feb. 7. As reported, BitTorrent launched its BTT token this January — its first full-fledged move to begin to tokenize its content sharing ecosystem, roughly six months after the company was acquired by decentralized internet startup Tron. According to today’s press release, BitTorrent has already been collaborating with CoinPayments on supporting Tron (TRX), Bitcoin…