Day: February 17, 2019

Crypto Analyst: Ethereum (ETH) Major Shift Potential Is Building

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Ethereum Pushes $130 While the broader crypto market has been in a lull over recent days, Ethereum (ETH) has been surging as of late. The popular cryptocurrency, which recently surpassed XRP in terms of market capitalization, is up 6.00% in the past 24 hours, finding itself selling for $130.52 apiece. Many have argued that this move is a byproduct of ETHDenver, one of the foremost annual events in the entirety of the Ethereum ecosystem. Regardless, the fact of the matter is that ETH has outperformed its counterparts in recent memory. This…

Analyst: Bitcoin Holding $3,550 Means “Next Strong Move” is Building

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Ever since Bitcoin (BTC) suddenly ran on February 8th, posting a jaw-dropping performance that came straight out of left field, the broader crypto market has entered a lull. While there have been a few notable movers, like Binance Coin (BNB), the broader digital asset class has all but stopped moving. Price action has effectively come to a standstill. This has left many asking, what’s next for the cryptocurrency market? While one analyst couldn’t give a definitive answer on whether BTC will move higher or lower, he argues that a breakout…

Waste Management Firm Launches Blockchain Platform in UAE City

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A blockchain-enabled waste permit portal will be launched in Sharjah, the United Arab Emirates (UAE), the country’s official news agency, Emirates News Agency (WAM), reported on Feb. 17. The blockchain-based waste permit portal will be jointly developed by environmental, recycling and waste management company Bee’ah and the Hamriyah Free Zone Authority (HFZA) — the city of Sharjah’s free trade zone. According to WAM, the platform is the first in the city to employ blockchain technology to validate, process and store transactions. According to the report, the platform will cut costs…

Dash, Neo, Binance Coin, EOS, Ethereum

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Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals. Digital asset management fund Grayscale Investments said that its institutional clients are increasingly using the current low crypto prices to make long-term investments. These inflows are largely being parked in the fund’s Bitcoin Investment Trust. A survey of 71 global institutional investors, conducted by market research company PollRight for the Global…

Police Arrest Suspects in Alleged $14 Million Crypto Scam

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Law enforcement in Mumbai, India have exposed a group allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $17 million), local media outlet The Times of India reports on Feb. 17. The case reportedly led to the freezing of several accounts in the country and to the arrest of four individuals — Sanjay Sontakke, Rajnikant Kumavat, Alpesh Barodia and Kirankumar Panchsara. According to The Times of India, the police are also looking for a fifth suspect, Ashok Goyal, who reportedly played a key role in…

Startups-Focused Law Firm Now Accepts Bitcoin Payments

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Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium. The corporate law firm, which has helped over 300 startups raise more than $500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay. Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay Atrium Fintech and Blockchain Now Accepts Bitcoin Atrium, a legal services provider focused on high-growth startups, recently announced the acceptance of BCH and BTC payments for its Fintech…

Canadian Crypto Startup Coinsquare Acquires StellarX After Layoff

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While the value of Bitcoin screams crypto winter, industry upstarts have continued to put one foot in front of the other, making notable developmental strides. One of Canada’s leading crypto platforms (no it’s not QuadrigaCX), Coinsquare, made a promising acquisition, as the Toronto-based company continues to bolster its offerings at an unmatched pace. StellarX Acquired Amid Crypto Winter According to a recent blog post from StellarX, the “first full-featured trading app for Stellar,” it has been fully acquired by Coinsquare. Instead of fully integrating StellarX’s offering into its own platform,…

Early Token Project Stars in the Ethereum Ecosystem

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Early Token Project Stars in the Ethereum Ecosystem February 17, 2019 by William Peaster After the ICO boom in 2017, Ethereum caught flak for becoming a breeding ground for scams and unnecessary token projects. But among the bad has come the great. A handful of projects in Ethereum have already proven to have impressive potential in the here and now.  Also read: Bitcoin Block Size: Getting Fatter, But Decrease Chatter Growing We love hearing from our readers. Sound off on our Twitter or Facebook pagesCheck out our insights & interviews with influential insiders on the Bitsonline…

Bitcoin Hovers Near $3,630 as Top Cryptos See Minor Losses

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Sunday, Feb. 17 — most of the top 20 cryptocurrencies are reporting minor losses on the day by press time. Bitcoin (BTC) has fallen under the $3,650 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down 0.18 percent on the day, trading at around $3,631, after a brief mid-day high of $3,680, according to CoinMarketCap data. Looking at its weekly chart, the coin has mostly traded sideways for the past week. The current price is about 0.3 percent lower than $3,643, the price…

ConsenSys-Backed Rhombus Reveals New Products for Ethereum Developers

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Rhombus has released new products designed to help further connect decentralized, ethereum-based blockchain applications to real-world data, the startup announced this weekend. Revealed at the ongoing ethereum conference ETHDenver, the blockchain-based “oracle” service will now support currency pairs, asset pricing and blockchain network data. These products can be used for free by developers competing in the annual ETHDenver hackathon. Co-founder and COO of Rhombus Jeff Rosen explained to CoinDesk: “For smart contracts [on ethereum] to do most of the interesting things we want them to do, they have to have some connection to the…