Month: March 2019

Blockchain Gaming Startup Announces Global Licensing Agreement With Formula One

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Blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the world-renowned racing series. The news was revealed in a press release from Animoca published on March 26. Formula 1® — which reportedly draws ~1.6 billion television viewers across over 180 territories and engages 506 million fans worldwide — has reportedly signed a licensing agreement that will allow Animoca to publish a blockchain game “F1® Delta Time,” based on non-fungible tokens (NFTs). The forthcoming blockchain game F1® Delta…

New USStocks Token Lets Investors Access US Stock Market With Stablecoin Dai

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Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release a token tied to the United States stock market, UMA announced in a blog post on March 27. The ERC-20 token, dubbed USStocks, seeks to offer investors access to the U.S. stock market using cryptocurrency. Users can purchase the token using MakerDAO’s own USD-backed stablecoin, Dai (DAI). Decentralized cryptocurrency exchange DDEX is currently the platform of choice for onboarding potential investors. “USStocks is an ERC20 token representing synthetic ownership of an index of the 500…

Coinbase Leads Wall Street to Brave New World of Crypto Staking

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The Takeaway: Coinbase Custody is offering staking services to institutional clients, starting with Tezos. Client assets will remain inside Coinbase’s fully insured cold storage at all times, mitigating risk to investors. Since staking requires some funds to be kept online, Coinbase will put up its own coins, assuming the risk. After deducting Coinbase’s fee, clients can expect to earn about 6.6 percent annually, the firm says. Coinbase’s custody arm is trying to entice its institutional customers into the brave new world of staking crypto assets for profit. Starting with the Tezos…

Bitcoin (BTC) Price Could Rally Significantly Above $4,050

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Bitcoin price spiked higher and tested the main resistance at $4,050 against the US Dollar. The price is currently correcting lower, but dips remain supported near $4,000. There is an expanding triangle formed with resistance near $4,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip towards the $4,000 or $3,980 support before a fresh upward move. Bitcoin price is currently flirting with a major resistance zone against the US Dollar. BTC could rally significantly once there is a break above the $4,050…

Crypto Market In Clear Uptrend: Bitcoin Cash, XLM, EOS, TRX Price Analysis

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The total crypto market cap is climbing higher and it could break the $137.00 resistance level. Bitcoin cash price is placed nicely above the $170 level and it may accelerate above $172. EOS price extended gains above the $4.20 resistance and it may even surpass $4.30. Stellar (XLM) price tested the $0.1100 resistance level and recently corrected lower. Tron (TRX) is climbing higher towards the $0.0240 resistance level. The crypto market seems to be eyeing an upside break, with bullish moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM), BCH,…

Was 2018 the End of the ICO Market? Lessons from Booms and Busts Past

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Was 2018 the End of the ICO Market? Lessons from Booms and Busts Past March 29, 2019 by Bitsonline Guest Contributor It’s ten years since the global financial crisis and nearly 20 years since the dot.com crash. We question if the crypto and ICO crash of 2018 compares, and whether we will ever learn. Guest article by Owen Hall, CEO Heliocor Also read: IBM Developing Blockchain Solution to Combat Fake Medicine in Africa Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts All three boom and bust cycles…

Ripple (XRP) Price Analysis: Fresh Increase or Further Decline?

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Ripple price started a downside correction after testing the $0.3100 resistance against the US dollar. The price traded below the $0.3080, $0.3065 and $0.3060 support levels. A replica of the previous ascending channel is formed with support at $0.3050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the correction towards the $0.3025 support before a fresh increase. Ripple price corrected lower recently from important resistances against the US Dollar and bitcoin. XRP/USD is likely to find a strong buying interest…

Ethereum Price Analysis: ETH Bulls Battling Near Key Support

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ETH price corrected lower recently after trading close to the $140 resistance against the US Dollar. The price tested the key $137 support level, which was a resistance earlier. There is a new connecting bullish trend line formed with support above $135 on the hourly chart of ETH/USD (data feed via Kraken). Bulls are currently battling near the $137 support as the price remains in a bullish zone. Ethereum price is consolidating above key supports against the US Dollar and bitcoin. ETH could pump higher once it clears the $139…

Prosecutors Drop Appeal Against Mt. Gox CEO’s Embezzlement Acquittal

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Japanese prosecutors have reportedly dropped their appeal to the acquittal of former Mt. Gox CEO Mark Karpeles, The Mainichi reports on March 29. On March 15, the CEO of the now defunct Mt. Gox cryptocurrency exchange was acquitted of charges of embezzlement, but was found guilty of tampering with financial records. According to The Mainichi, prosecutors had initially sought to appeal the acquittal on embezzlement charges, but subsequently decided to let the decision stand. Karpeles was reportedly accused of taking 341 million yen ($3 million) of customers’ money in Mt.…

IOHK Founder Charles Hoskinson Says Crypto Industry Needs More Interoperability

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Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28. Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more interoperability. Per Hoskinson, it will allow communication and information to be traded in an easier way among both digital currency and traditional financial institutions. Hoskinson argued: “What we are seeing is a collection of…