Day: May 14, 2019

Ripple (XRP) Unshackled, At This Rate, 80 Cents Is Inevitable

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Ripple (XRP) surge, up 36.1 percent Börse Stuttgart lists Ripple and Litecoin ETNs Volatility is back, and Ripple (XRP) bulls are in the driving seat. It may be because of Börse Stuttgart listing Ripple (XRP) and Litecoin (LTC) ETNs. However, what is evident is that behind today’s rally is interest thanks to a spike in participation levels. At this rate, it is likely that Ripple (XRP) will close above 40 cents as bulls aim at 80 cents. Ripple Price Analysis Fundamentals After five months of consolidation, Ripple (XRP) bulls are…

Bitcoin Won’t Stop Rallying, Says Hedge Fund Manager Travis Kling

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Travis Kling, Chief Investment Officer (CIO) at Ikigai Asset Management believes bitcoin (BTC) is in for a significantly long rally. In a recent discussion on the TD Ameritrade Network, May 13 2019, the hedge fund manager says recent policy decisions by major central banks around the world will cause capital flight into the cryptocurrency market thus driving BTC even higher. The top-ranked cryptocurrency is currently at its highest level since July 2018 going beyond the $8,000 price mark. Bitcoin: A Hedge Against Irresponsible Fiscal & Monetary Policies In the interview,…

Technology Is ‘Basically Good Enough’ to Ramp Up Production Blockchains

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A Pfizer executive has challenged existing theories about slow rates of blockchain adoption — telling the Consensus conference on May 14 that the technology is “basically good enough to have more production blockchains than we have today.” Ken Nessel, senior director of business technology at the pharmaceutical giant, made his comments during the second day of the conference in New York City. He joined AstraZeneca’s Kate Gofman for an event called From Bench to Bedside: Blockchains and the Future of Clinical Research. When asked for an honest assessment about what is holding…

Digital Asset Finance Firm BitGo Announces Off-Chain Clearance and Settlement Service

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Digital asset finance firm BitGo announced the launch of its off-chain clearance and settlement service in a press release published on May 14. Per the announcement, the service will be available to clients of qualified custodian BitGo Trust Company, and assets are not moved from custody while reportedly allowing fast, compliant and secure settlement. The company explains that — since the funds never leave the custodian’s wallet — this method eliminates counterparty risk: “Until now, in a digital asset trade, one party needed to assume all of the risk and…

First Security Token Blockchain called Polymesh announced by Polymath at Consensus New York 2019

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Polymath, a leading security token platform that makes it easy to create and manage security tokens, has announced that they will build the world’s first security token Blockchain called Polymesh. The new Blockchain is going to be built in collaboration with Charles Hoskinson, co-founder of Ethereum and Cardano. The announcement was made on stage at Consensus in New York by Polymath Co-Founder Trevor Koverko, alongside Charles Hoskinson. Hoskinson will take on the roll of Polymesh’s co-architect. advertisement Until now, Polymath has built its technology solution for security tokens on Ethereum.…

Google Searches Scream ‘FOMO!’ as Bitcoin Tops $8,350

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By CCN: Warren Buffett, the Oracle of Omaha, once gave some investing advice that is incredibly timely now that bitcoin (BTC/USD) skyrocketed to a fresh 2019 high of $8,350 on Coinbase: “To be a successful investor, you must divorce yourself from the fears and greed of the people around you.” The unexpected rally may not be getting the media attention it deserves but, our analysis shows that people are beginning to hop on the bandwagon. Unfortunately, they only do so after bitcoin is most likely about to conclude a rally.…

Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

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United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin…

Is Ongoing Bitcoin Price Boom a Pump-and-Dump Action?

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The bitcoin price on Tuesday clocked a new 2019 high of $8,350 on Coinbase, its highest since July 2018. The surge came as a part of an extended bullish action that picked momentum particularly after April 2, 2019. The BTC/USD instrument, on the day, rose up to 23 percent, which started a series of similar buying actions throughout April and first half of May. The strengthening bullish bias assisted bitcoin in breaking above crucial resistance areas, such as the ones lurking near $6,000, $6,400, and $7,500. As a result, the world’s…

Coinbase Rolls Out Trading in USDC Stablecoin to 85 Countries

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Cryptocurrency exchange Coinbase is expanding trading in the dollar-pegged stablecoin USD Coin (USDC) to 85 nations worldwide. In a blog post Tuesday, the firm said it now offers crypto-to-crypto trading for USDC in those countries on both its retail site Coinbase.com and its Coinbase Pro service. The firm touted the strengths of the token in the post, saying it offers a stable store of value and can be sent “near-instantly” around the globe. “Unlike other cryptocurrencies, each USDC is backed by $1 USD with monthly transparency audits showing 100% USD backing,” Coinbase said. USDC…

Leading Freelance Platform Moonlighting Announces First Blockchain Integration Partner – Teams with HireVibes For EOSIO Solution

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Leading on-demand freelance platform Moonlighting announced today their first blockchain partnership with HireVibes, a blockchain jobs platform that incentivizes freelance, contract and permanent hiring via cryptocurrencies. HireVibes will be one of the first platforms to access Moonlighting’s base of 720,000 freelancer profiles. “HireVibes shares the same vision we have for helping freelancers succeed in today’s ever-changing gig economy,” said Ritesh Johar, co-founder and Chief Technology Officer for Moonlighting. “We are excited to work with them to give our users the power, freedom and control to port their profiles using a…