Day: February 26, 2019

Why Did Major Crypto Exchange Coinbase Suddenly Add XRP?

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Since the U.S. Securities and Exchange Commission (SEC) began to show aggression towards digital asset offerings, specifically for their occasional security-esque nature, crypto service providers have kept on their toes. Listing the wrong asset, investing in a misaligned project, and participating in a certain blockchain could spell disaster for some hopefuls in this space. Although much of this ambivalence has pertained to smaller projects, like the hundreds of (unregistered) initial coin offerings that reared their ugly heads in 2017’s rally, Ripple Labs has seen discourse regarding the nature of its go-to…

Warren Buffet Calls Bitcoin a ‘Delusion’: Key Takeaways from the Latest Interview

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Photo: Fortune Conferences / Flickr On the heels of his annual letter to clients, the world’s most famous investor told CNBC on Monday that Bitcoin, No. 1 digital currency has no unique value at all, referring to it as “a delusion.” He said: “Bitcoin has no unique value at all, it doesn’t produce anything. It’s a delusion basically.” The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the world’s largest cryptocurrency in hopes that “it would change their lives.” It is true though that Bitcoin has lost…

Warren Buffet Calls Bitcoin a ‘Delusion’: Key Takeaways from the Latest Interview

boss

Photo: Fortune Conferences / Flickr On the heels of his annual letter to clients, the world’s most famous investor told CNBC on Monday that Bitcoin, No. 1 digital currency has no unique value at all, referring to it as “a delusion.” He said: “Bitcoin has no unique value at all, it doesn’t produce anything. It’s a delusion basically.” The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the world’s largest cryptocurrency in hopes that “it would change their lives.” It is true though that Bitcoin has lost…

Nasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indices

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Nasdaq had begun live listings of two cryptocurrency price indices from United States blockchain and crypto market data company Brave New Coin (BNC), the latter confirmed in a post on Feb. 26. Originally announced earlier this month, the integration of BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) will open up new data for clients using Nasdaq’s Global Index Data Service (GIDS). The move comes ahead of BNC’s plans to launch a separate index tracking the price of Ripple  (XRP). The token launched on U.S. cryptocurrency exchange Coinbase…

This Crypto Surged 200% Upon Listing on Samsung Galaxy S10 Wallet

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On February 26, while the Bitcoin price remained at $3,800 following a sudden 10 percent plunge, Enjin Coin (ENJ), a crypto asset native to a gaming-suited blockchain network called Enjin, spiked by more than 150 percent. Against Bitcoin, at its daily peak, Enjin Coin surged from 0.00000958 BTC to 0.00002943 by 207 percent within a 24-hour span. Enjin Coin 1-Day Chart (Source: TradingView) Analysts have attributed the abrupt surge in the price of Enjin Coin to the listing of Enjin Coin as one of the four cryptocurrencies listed on the…

In the Daily: Bitcoin Cash on Amazon Show, Bitwarden, Coinbin, Huobi Australia

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In this edition of The Daily we cover an Amazon Prime show that features Bitcoin Cash (BCH), the open source password manager Bitwarden that now accepts crypto payments, a declaration of bankruptcy by Coinbin and the closure of Huobi’s Australian office. Also Read: Hong Kong Cryptocurrency Exchange Coinsuper Shifts Focus to Institutional Investors Bitcoin Cash Featured on Amazon Show This Giant Beast That is the Global Economy is a new documentary show on Amazon Prime Video hosted by Harold and Kumar star and former White House Associate Director of Public…

Nasdaq Crypto Index Platform Launch a Giant Step For Adoption

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The long awaited Nasdaq Bitcoin and Ethereum indexes lifted off the launch pad this week signaling another giant step towards mainstream acceptance and adoption. Bitcoin and Ethereum Indexes Added The stock exchange is expanded its global data service on Monday to include Bitcoin and Ethereum. In an official announcement earlier this month it stated that through its data dissemination relationship with Brave New Coin, Nasdaq will send real-time Bitcoin and Ethereum index level information on the Nasdaq Global Index Data ServiceSM (GIDS). The service, originally started in 1971, provides current…

Japanese Multinational Holding SoftBank Announces Blockchain ID Working Group

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Japanese multinational holding conglomerate SoftBank Corp. and American telecoms-focused blockchain firm TBCASoft are to lead a new blockchain-based digital identification study group under the canopy of the Carrier Blockchain Study Group (CBSG). The development was announced in a SoftBank press release on Feb. 26. As previously reported, CBSG — a global blockchain consortium of telecom carriers — was founded in September 2017, in a bid to push greater adoption of the technology in the industry. Alongside Softbank and TBCASoft, the organization counts Taiwan-based telecoms carrier Far EasTone and U.S.-based telecoms…

Bitcoin Price Watch: BTC Recovery Won’t Be Easy Above $3,900

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Bitcoin price declined heavily and later found support near the $3,630 level against the US Dollar. The price recovered recently and traded above the $3,700 and $3,750 resistance levels. There is a short term ascending channel in place with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face a strong resistance near the $3,880 and $3,900 levels in the near term. Bitcoin price started a decent recovery above $3,750 against the US Dollar. However, BTC is likely to…

Crypto Market Facing Uphill Task: EOS, Bitcoin Cash, TRX, ADA Price Analysis

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The total crypto market cap found support near $121.0B and later recovered above $124.0B. EOS price corrected lower sharply and traded below the $3.80 and $3.60 support levels. Bitcoin cash price is currently trading nicely above the $132 and $130 supports. Tron (TRX) price is under pressure below the $0.0250 and $0.0248 resistance levels. Cardano (ADA) price is currently holding the $0.0420 support area, with a positive angle. The crypto market recovery is facing a lot of hurdles on the upsides. Gains in bitcoin (BTC), Ethereum (ETH), EOS, BCH, ripple,…