Month: March 2019

Australian Banking Giant ANZ Fails to Understand Blockchain Technology

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Australian Banking Giant ANZ Fails to Understand Blockchain Technology March 26, 2019 by Akshay Makadiya Australia and New Zealand Banking Group Limited (ANZ) — Australia’s third-largest bank by market cap — doubts blockchain technology’s ability to provide trustless transactions, at least for now. Additionally, the firm acknowledges the benefits of the technology but claims banks don’t need to make the switch. Could ANZ be any more wrong? Also read:  Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Underestimating the Power of Blockchain Tech After curiously examining…

Will Ripple (XRP) Bulls of Jan 30 Flow Back and Prop Dropping Prices?

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Ripple prices down 5.2 percent TaoTao exchange launching in mid-May and supports Ripple (XRP) Transaction volumes low but as prices retest main support, participation may spike After pressure from the community, CMC is listening to feedback and may adjust their methodology so that investors can have a fuller image of asset prices. At the same time, Yahoo backed TaoTao exchange will launch in mid-may and Ripple (XRP)-whose prices are down 5.2 percent, is available for trading. Ripple Price Analysis Fundamentals Four months after a disastrous exposure that saw Coincheck lose…

Weiss Crypto Ratings Puts Bitcoin Aside EOS and XRP in Annual Outlook

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Weiss Crypto Ratings has put Bitcoin (BTC) aside XRP and EOS in its report on emerging trends in crypto markets published Tuesday, March 26. The report — dubbed “Dark Shadows with a Bright Future” —  is based on the analysis of 120 cryptocurrencies, and assigns letter grades to cryptocurrencies that have the best combination of adoption and technology. XRP, the world’s third largest coin by market capitalization according to CoinMarketCap, is ranked “A,” and per the report is the “best positioned” to compete with SWIFT — a global system for…

Two BCH Devs Leave Bitcoin Unlimited as Network Upgrade Approaches

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On March 15, the Bitcoin Cash (BCH) network is set to upgrade, with plans to add two specific elements to the chain: the Segwit recovery exception and enabling Schnorr signatures. With just six weeks left, programmers have been discussing the fork regularly during BCH developer meetings. Meanwhile, two BCH developers have announced their resignation from the Bitcoin Unlimited team. Also read: Mineable Cryptocurrencies Are Far More Valuable Than Non-Mineable Coins The May 15th BCH Upgrade Draws Near Another BCH fork is on the way and this time the chain plans…

Another Hack Coincides with Ethereum (ETH) Price Drop, Back to $100?

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Ethereum prices bearish and likely to sink below $135 Hackers wreak havoc at Dragon EX, steal user funds Transaction volumes low but could surge as bears retest key support levels Another exchange, Dragon EX, has been breached and user fund stolen demonstrating why it is imperative for assets to be stored at cold wallets away from exchanges. Meanwhile, Ethereum (ETH) is bearish and dropping towards $135. Ethereum Price Analysis Fundamentals Unfortunately, Dragon EX, an established Singaporean cryptocurrency exchange, is the latest hack victim after an undisclosed amount of ETH was…

Bitcoin Falls Under $4,000 as United States Oil Rises

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Tuesday, March 26 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, as Bitcoin (BTC) has fallen under $4,000 again. Market Visualization Courtesy of Coin360 Bitcoin is down over a percent on the day, trading at around $3,967, according to CoinMarketCap. Looking at its weekly chart, the current price is over two percent lower than $4,060, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Recently, crypto bull Tim Draper has given advice to the president of Argentina to…

Binance Partners With Risk Management Firm IdentityMind for KYC and AML Compliance

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The world’s largest crypto exchange, Binance, has partnered with risk management and compliance firm IdentityMind, Binance announced in a blog post on March 26. The companies have teamed up to address data security and compliance measures for Binance’s global operations by enabling IdentityMind’s tools for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. Samuel Lim, chief compliance officer at Binance, said that the ultimate mission of the partnership is to foster greater trust among financial institutions worldwide, while also to evolve security systems in accordance with regulatory policies in…

Bitcoin (BTC) Prices Down but Low Volumes above $3,800 Mean Bulls

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Bitcoin prices crumbling, $3,800 likely Adoption slowed down. Twitch no longer supports Bitcoin and crypto as payment Participation level shrinks in response to low prices, volume averages 6.6k By removing crypto support, Bitcoin adoption is taking a hit and partly fueling the current price meltdown. At this rate, it is likely that Bitcoin will retest $3,800, but that is dependent on participation levels. Bitcoin Price Analysis Fundamentals Twitch, streaming service owned by Amazon has silently removed Bitcoin as subscription payment options for their global audience. By 2018, the company had…

Bitcoin Isn’t a Visa Alternative, BTC Will Surpass It

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Since Bitcoin (BTC) garnered some semblance of traction, it has been touted as a viable alternative to traditional digital payment rails, like Visa, Mastercard, or PayPal. As ShapeShift Erik Voorhees said in a recent interview, BTC, unlike centralized digital monies, is free to use (accessible), borderless, and uncensorable — arguably making it a perfect substitute. Related Reading: Crypto is Not Only a Hedge Against Inflation, But a Cashless Society Too But one leading thinker and programmer in the industry has begged to differ. He claims that the crypto does (and…

Bitcoin Isn’t a Visa Alternative, BTC Will Surpass It

boss

Since Bitcoin (BTC) garnered some semblance of traction, it has been touted as a viable alternative to traditional digital payment rails, like Visa, Mastercard, or PayPal. As ShapeShift Erik Voorhees said in a recent interview, BTC, unlike centralized digital monies, is free to use (accessible), borderless, and uncensorable — arguably making it a perfect substitute. Related Reading: Crypto is Not Only a Hedge Against Inflation, But a Cashless Society Too But one leading thinker and programmer in the industry has begged to differ. He claims that the crypto does (and…