Day: April 11, 2019

Crypto Market Loses $15 Billion in a Day as Bitcoin Slips

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Global crypto assets trended in a red zone this Thursday, with the CoinMarketCap chart noting an 8.11 percent drop as bitcoin slipped. Bitcoin Leads the Corrective Sentiment Bitcoin, the most dominant asset across the global cryptocurrency index, plunged 4.24 percent in what appeared like a technical correction. The cryptocurrency on April 2 had undergone a surprising bullish makeover, jumping more than 23 percent in just two hours. The upside move pushed its trading sentiment into the overbought zone, which typically makes a profitable exit position for day traders. (Read our…

Bitcoin Beats the Dow, Outperforming Every Single Stock, in 2019

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Traders and analysts are screaming about the stock market’s “historic” first quarter. The Dow Jones Industrial Average (DJIA) – which tracks 30 of the largest American companies – has staged…

Tata Consultancy Services Powers Blockchain-Based Cross-Border Securities Settlement

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Indian IT services company Tata Consultancy Services (TCS) announced on April 10 that it carried out what it defines as the world’s first cross-border securities settlement between two central depositories using the Quartz blockchain. The Central Securities Depositories (CSD) involved are reportedly Maroclear, the CSD of Morocco, and Kuwait Clearing Company, the CSD of Kuwait. During the test, a set of equities and fixed income securities from both markets were created on the chain along with accounts to hold them, and were instantaneously transferred. The system reportedly used cash coins…

Bitcoin Price Analysis: BTC/USD Targets $4,742 Price Level

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Key Highlights: Consolidation is over in the Bitcoin market; the Bears took over the BTC market; Bitcoin price may fall to $4,742. BTC/USD Medium-term Trend: Bearish Resistance levels: $5,299, $5,574, $5,840Support levels: $4,988, $4,742, $4,491 On the Medium-term outlook, BTC/USD is on the bearish trend. The significant level of $5,299 was difficult for the Bulls to break for more than two days and that was what cause consolidation at the level. On April 10, the Bulls broke up the resistance level of $5,299 but later opposed by the Bears and…

South Korean Universities Partner to Create Blockchain Campus With In-House Crypto

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Two South Korean universities will develop an entire Blockchain Campus with its own cryptocurrency, local English-language daily news outlet Business Korea reported on April 3. Yonsei University, which already has an active blockchain community, will partner with Pohang University of Science and Technology (Postech) for the initiative, which should launch in the second half of 2019. A dedicated research center, entrepreneurial program outreach and other plans are already in the pipeline, while a student-centered project aims to increase day-to-day cryptocurrency usage. Postech is developing a blockchain-based knowledge sharing system called…

Bitcoin Futures Exchange Bakkt Hires PayPal, Google Vet as Product Chief

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Bitcoin futures exchange Bakkt has hired a PayPal and Google veteran as its new chief product officer. The firm announced Thursday that it had hired Mike Blandina, who at various points in his career served as head of payments and credit engineering at PayPal and director of engineering for Google Wallet. Most recently, Blandina was chief technology officer and head of product and engineering at OneMarket, Bakkt CEO Kelly Loeffler wrote in a blog post. “As our CPO, Mike will lead our efforts to converge a trusted ecosystem for digital…

Bitcoin Price Bounced Above 5400 Despite China’s Mining Ban

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Photo: QuoteInspector.com / Flickr Every time the cryptocurrency market start attaining a positive momentum, China throws a hat to spot the party. It happened in September 2017, and it’s happening now. Just two days back, the industry report suggested that China is looking to ban Bitcoin mining in the country. Surprisingly, the report comes just within a week’s time of the crypto market showing positive momentum. Since the beginning of April 2019, Bitcoin (BTC) and the overall crypto market is showing healthy northward momentum. It looks like the bulls are…

To the Moon! Crypto Guru Brian Kelly’s Jaw-Dropping Bitcoin Price Prediction

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Pay no attention to today’s pullback in the crypto markets. With the bitcoin price expanding as much as 30% in April so far to hover above the $5,000 level, it’s…

Coinbase Unveil Crypto Debit Card for Seamless Bitcoin Spending

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In a bid to promote mainstream adoption of bitcoin and enable cryptocurrency holders to seamlessly pay with their digital assets at millions of locations across the globe, Coinbase, one of the largest crypto exchanges in the world, has joined forces with Paysafe to launch the Coinbase Visa debit card, according to a blog post on April 11, 2019. Coinbase Card Now Live As stated in its blog post, Coinbase has launched its Coinbase Card, a Visa debit card issued by Paysafe. The product will help Coinbase users resident in the…

80% of Organizations Do Not Use Blockchain

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Major developer community website StackOverflow has surveyed nearly 90,000 developers, and the results published on April 9 show that 80% of organizations are currently not using blockchain. As well, 12.7% of the developers responded that organizations use blockchain for non-currency applications, 4% for cryptocurrency-related applications, 2.1% accept crypto as payments and 1.3% are implementing their own cryptocurrency. StackOverflow also claims that developers in India are the most likely to say that their organizations are using blockchain technology. The most significant portion of developers, 29.2%, believes that blockchain is useful across…