Day: February 25, 2019

Tron Will Hard Fork in February to Add Institution-Friendly Features, CEO Confirms

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Blockchain development platform and BitTorrent owner Tron will debut a host of upgrades via a hard fork at the end of the month, CEO Justin Sun confirmed on social media on Feb. 23. Tron, which presents itself as a competitor to Ethereum (ETH) for launching cryptocurrency tokens and other offerings, is preparing to increase its appeal to institutional users. According to Sun, the hard fork will deliver institution-handling capabilities, as well as other features such as multi-signature abilities and account management options. Tron’s TRX token appeared to react to the…

Singapore’s Tribe Accelerator Cuts deal with ConsenSys to Advance Blockchain Ecosystem

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Tribe Accelerator has just signed a Memorandum of Understanding (MOU) with global blockchain powerhouse ConsenSys – which sets out plans to undertake initiatives and activities to further the blockchain ecosystem in Singapore. advertisement “At the heart of our mission in Singapore is an engagement strategy encompassing government, enterprise, startup and grassroots communities. ConsenSys greatly values the opportunity to build for our clients, and build with our partners – across Singapore and the ASEAN region. We are pleased to reinforce our commitment to this truly unique ecosystem via our partnership with…

Singapore’s Tribe Accelerator Cuts deal with ConsenSys to Advance Blockchain Ecosystem

boss

Tribe Accelerator has just signed a Memorandum of Understanding (MOU) with global blockchain powerhouse ConsenSys – which sets out plans to undertake initiatives and activities to further the blockchain ecosystem in Singapore. advertisement “At the heart of our mission in Singapore is an engagement strategy encompassing government, enterprise, startup and grassroots communities. ConsenSys greatly values the opportunity to build for our clients, and build with our partners – across Singapore and the ASEAN region. We are pleased to reinforce our commitment to this truly unique ecosystem via our partnership with…

Crypto Markets See Double-Digit Crash, Asian Markets Soar as Trump Delays Tariff Hike

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Monday, Feb. 25: cryptocurrencies are today seeing a blood-red market rout, with virtually all of the top 20 coins posting losses of between 7 and 17 percent, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) is down a round 8 percent on the day and is trading around $3,836 to press time, according to CoinMarketCap data. Today’s crash is the second day the coin — and wider market — is reporting losses, with Bitcoin having yesterday tumbled from an intraday high of $4,210 to around…

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

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South Korean cryptocurrency exchange Coinbin has declared bankruptcy after suffering millions of dollars in losses, in part due to claimed embezzlement. Coinbin published a notice on its website on Wednesday, stating that “increased debt” and “government regulation” led to the firm having to halt its business operations. Specifically, it said regulators’ suspension of its ability to issue virtual accounts to users was part of the cause, as well as increased operating expenses and liabilities from its collapsed subsidiary exchange Youbit. A report from Business Korea on Friday indicated that Coinbin…

Huobi Global Absorbs Australian Unit Amid Bear Market, Reveals Recent Layoffs

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Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited the crypto market slump and fresh redundancies as the reason for the development. As previously reported, Singapore-headquartered Huobi Global launched its Australian platform in July 2018, saying at the time that “the move to Australia is a natural fit.” According to Huobi Australia’s announcements, the subsumption under Huobi Global will take effect as…

Bitcoin Price Analysis: BTC/USD Trends of February 25–March 03, 2019

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Photo: QuoteInspector Key Highlights: The breakout of the consolidation phase confirmed on Bitcoin market; in case the support level of $3,679 does not holds, $3,241 will be the BTC target; the bullish momentum may continue increasing. BTC/USD Long-term Trend: Bullish Resistance levels: $4,237, $4,692, $5,209Support levels: $3,679, $3,257, $2,765 BTC/USD is bullish on the long-term outlook. Last week, the cryptocurrency broke out the confluence that faced the BTC price at $3,679. The confluence at the level was one of the reasons why Bitcoin price was consolidating around the level ten…

Ukraine Completes Pilot Scheme for E-Hryvnia National Digital Currency

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Ukraine’s central bank has completed a pilot scheme for its national digital currency, the e-hryvnia, local press agency Interfax Ukraine reported on Feb. 22. The National Bank of Ukraine (NBU), which has been considering the concept for at least a year, began the pilot in December 2018, the head of its payment networks and innovative growth department Aleksandr Yablunivskiy revealed. “At the end of last year we began a practical pilot, when the instrument was released for NBU employees under current methodology, in order to assess its practical use aspects…

Australian Financial Regulator Trials Blockchain to Automate Funds Transfer Instructions

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The Australian Transaction Reports and Analysis Centre (Austrac) is trialing a blockchain prototype for the automation of funds transfer instructions, business tech news site ZDNet reported on Feb. 24. Austrac — a government financial intelligence agency — is reportedly partnering with the Swinburne University of Technology in Melbourne to trial the use of blockchain and smart contract technology to help multiple actors automate their international fund transfer instructions (IFTIs) reporting to Austrac. Reporting entities include banks, remitters and casinos, according to ZDNet. Work on the blockchain proof-of-concept (PoC) for IFTI…

Cryptocurrency Market Falls Sharply, Bitcoin Loses Over 8% Slipping Below $3900

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It is not a good beginning to the last week of February as the cryptocurrency market enters a major correction. In the last 24-hours, the overall cryptocurrency market cap lost over $13 billion. At the press time, the overall cryptocurrency market cap stands at $129 billion. Furthermore, today’s fall has wiped-out last week’s entire gains as visible from the below weekly chart on CoinMarketCap. Bitcoin (BTC) has lost 8.33% at the press time to slide below $3900 levels. Bitcoin is currently trading at $3854 with a market cap of $67.5…