Day: February 28, 2019

UK Bitcoin Trading Volume Hits $65 Million Average

boss

The last three months in the United Kingdom’s bitcoin market has been no less than amazing, indicated Skew. The London-based data analytics portal revealed that the region developed a strong bitcoin trading traffic in the last 120 days. It shared a graph across its social media channels, reflecting upon the growing presence of traders in the UK’s crypto climate. Per the chart, traders on BitMex were contributing approximately $65 million worth of XBT/USD trading volume every day over the past three months. The trading rate was higher between 1000 GMT…

SingularityNET Platform Launches Beta Decentralized AI Marketplace After $36 Mln ICO

boss

Blockchain artificial intelligence (AI) platform SingularityNET has officially launched a beta version of its Ethereum-based decentralized marketplace on Thursday, Feb. 28, according to a press release obtained by Cointelegraph. Ben Goertzel, CEO and chief scientist at SingularityNET, noted in the press release that the pre-beta version was stress tested by the community and volunteers prior to the launch . The AI firm, which is working with renowned robot Sophia built by Hong Kong-based Hanson Robotics, completed an ICO in 2017, raising over $150 million in pledged orders from investors. The…

Thai SEC Added 3 Cryptos to List of Crypto Assets Suitable for ICOs and Trading

boss

The Thai Securities and Exchange Commission (Thai SEC) has updated the list of cryptocurrencies suitable for use in initial coin offering (ICO) investments and trading pairs. An official Thai SEC statement reported the development on Feb. 28. Until now, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM) could be used for the purposes mentioned above when complying with regulation in Thailand. In this statement, the commission informs the public that Bitcoin Cash (BCH), Ethereum Classic (ETC) and Litecoin (LTC) have been added to the list. Lastly, the statement also…

Bullish Crypto Momentum Will Stick Despite Brutal 11% Bitcoin Dump

boss

On February 24, within minutes, the Bitcoin price dumped by 11 percent from $4,150 to the mid-$3,000 region, pushing the crypto market to lose $11 billion on a single day. Investors expected a pullback to occur on the price trend of Bitcoin but many traders were surprised by the magnitude of the drop. Bitcoin 1-Day Price Chart (Source: TradingView) Speaking to CCN, a cryptocurrency technical analyst with an online alias “The Crypto Monk” explained that the abrupt price movement was simply a technical movement. Bitcoin Bullish Momentum Not Over As…

Global Demand for Blockchain Engineers Up 517 Percent in a Year, Says Hired

boss

The global demand for blockchain engineers is up by 517 percent year-over-year, according to a report released by recruitment company Hired on Feb. 28. The document also notes that the second-fastest growing software engineering role is security engineer, with 132 percent growth, and third is embedded engineer, up 76 percent. The blockchain engineer role also consistently stayed among the top-three most-paid software engineering jobs in the various cities covered in the report. Specifically, blockchain engineering is the second most-paid software engineering specialization in New York and London, the third in…

Crypto Professionals Predict $2,400 Bitcoin Bottom, Expect Infrastructure To Spark Bull Run

boss

Individual investors have long struggled to predict movements in any market. While there are some talented investment geniuses out there, like Warren “Oracle of Omaha” Buffet, common Joes and Jills (and even some Wall Streeters) by and large struggle with determining where the stock market, let alone crypto assets, like Bitcoin (BTC), could head next. However, there is wisdom in a crowd. And this time, the crowd is claiming that BTC has further to fall. Is a “watch out below” in order? Survey: Bitcoin To Bottom At $2,400  Zachary DeWitt,…

ICO crackdown on nuisance calls reaches 100-year milestone

boss

Investigations by the Information Commissioner’s Office (ICO) into nuisance marketing have resulted in 16 company directors being banned from running a company for more than 100 years in total. The latest ban, issued by the Insolvency Service, is effective from 1 March 2019 and disqualifies one of the worst offenders the ICO has seen since the laws were introduced 15 years ago. Richard Jones, 31, of Carmarthen, South Wales has been barred from being a company director for eight years after his two companies, Your Money Rights Ltd and Miss-Sold Products…

ICO crackdown on nuisance calls reaches 100 year milestone

boss

Investigations by the Information Commissioner’s Office (ICO) into nuisance marketing have resulted in 16 company directors being banned from running a company for more than 100 years in total. The latest ban, issued by the Insolvency Service, is effective from 1 March 2019 and disqualifies one of the worst offenders the ICO has seen since the laws were introduced 15 years ago. Richard Jones, 31, of Carmarthen, South Wales has been barred from being a company director for eight years after his two companies, Your Money Rights Ltd and Miss-Sold Products…

Bitcoin Price May Rise in March Despite Month’s Bearish Track Record

boss

View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality indicates scope for a break above the recent high of $4,190. The focus would shift to the primary bearish trend seen on the monthly chart if BTC fails to pick a strong bid in the…

Bitcoin Price May Rise in March Despite Month’s Bearish Track Record

boss

View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality indicates scope for a break above the recent high of $4,190. The focus would shift to the primary bearish trend seen on the monthly chart if BTC fails to pick a strong bid in the…