Day: May 14, 2019

XRP Tops Cryptocurrency Price Gains After Coinbase and ETN Rollout

boss

United States cryptocurrency exchange Coinbase confirmed it had rolled out XRP trading to New York users in a social media update on May 13. Amid bitcoin’s (BTC) ongoing bull market, XRP topped the day’s best performers on Tuesday following the news, XRP/USD delivering up to 22% gains in the 24 hours to press time. Coinbase Pro had originally rolled out XRP support on its platform in February. The New York addition accompanied news from Europe, with German exchange Boerse Stuttgart revealing it had launched a dedicated exchange-traded note (ETN) for…

CME Group Bitcoin Futures Hit $1.3 Billion Amid Parabolic Advance

boss

CME Group reported record volume for its bitcoin (BTC) futures on May 13 as the cryptocurrency’s surprise bull market continued. CME, which together with the Chicago Board Options Exchange (CBOE) became the first provider of bitcoin futures to the market in December 2017, saw an all-time record of 33,700 contracts on Monday. That figure represented an equivalent 168,000 BTC ($1.35 billion) — an almost 50% rise versus the previous high of 22,500 contracts and 112,700 BTC (currently $909.2 million) on April 4. At the time, CME had warned over a…

Major Brazilian Bank Brodesco Joins R3 Corda-Powered Global Trade Finance Network

boss

Prominent Brazlian bank, Banco Bradesco, has become the latest institution to join R3’s Marco Polo blockchain network for trade finance, according to a press release shared with Cointelegraph on May 14. Banco Bradesco is among Brazil’s leading banks, with total assets worth $338.2 billion and a market capitalization of $49.1 billion, the press release states. The Marco Polo network implements R3’s Corda enterprise blockchain technology together with a distributed trade finance platform from TradeIX. It is designed to provide greater cost and time efficiencies — as well as transparency —…

Binance to Undergo System Upgrade Tomorrow, Deposits, Withdrawals, Trading to Be Halted

boss

Major crypto exchange Binance plans to undertake a scheduled system upgrade tomorrow that will prevent deposits, withdrawals, and trading for roughly six to eight hours, according to an official announcement published on May 14. Yesterday, the exchange’s CEO, Changpeng Zhao (CZ), had announced that the platform was planning to fully resume deposits and withdrawals today, which had been suspended in the wake of a major hack of the platform on May 7. The breach resulted in the theft of around 7,070 bitcoin (BTC) from the exchange’s hot wallets — worth…

Coinbase Opens Up XRP Trading for New York Residents

boss

Cryptocurrency exchange Coinbase has launched trading support for XRP for New York state residents. The San Francisco-based firm tweeted the news Monday, saying that New Yorkers can now buy, sell, convert, send, receive or store XRP on Coinbase.com or via its iOS and Android mobile apps. After the announcement, the price of XRP jumped over 20 percent to reach a high of $0.39 following the announcement, according to data from CoinMarketCap. However, the surge also coincides with bullish moves from bitcoin in the last 24 hours. Coinbase initially added XRP…

Bakkt to Launch Bitcoin Futures in July 2019, Finally

boss

Bakkt expects the soft launch of their Bitcoin Futures product by July, explaining that it intends to iron out any kinks in the coming weeks. They confirmed confirmed working “closely” with the U.S. Commodity Futures Trading Commission (CFTC). It is finally confirmed that Bitcoin futures contracts developed by Bakkt will be listed on “regulated exchanges” sooner than expected – already in July. It was previously reported that Bakkt’s Bitcoin futures launch would be delayed until Q4 of 2019, however, the listing now seems to be ahead of schedule. In their…

Polish-UK Blockchain Company Billon awarded €2 million euro from EU to build DLT Document System

boss

Billon Digital Services, a fully owned subsidiary of Billon Group in the UK, has been awarded a whopping €2 million from the European Commission under Phase 2 of the SME Instrument, part of the Horizon 2020 framework program. The company plans to complete the build and commercialisation of its B4TDM (Blockchain for Trusted Document Management) solution for global adoption, using a proprietary distributed ledger technology that they say,  was designed to deliver the highest system performance metrics in the industry. “Today’s document management industry has struggled with fulfilling regulatory and…

KaratGold Coin’s (KBC) Blockchain-Based Smartphone and Software for Online Vendors Changes the Concept of Crypto Payments

boss

Tokens and coins whose value is not backed by anything other than marketing, no longer work. Therefore we are able to witness the advent of several asset-backed tokens, that combine historically successful assets with the blockchain technology. Precious metals – especially gold due to its qualities and stable demand – are ideal for securing digital assets attached to them. Despite this, until now few have managed to move from theory to practice and release a really working coin underpinned by gold. The situation has changed dramatically for the better with…

Bitcoin Price Spikes Above $8000, Adds $1200 in a Single Day

boss

Looks like the Bitcoin bulls are in no mood to hear as the world’s largest cryptocurrency continues to make new highs every day. Just when yesterday, Bitcoin price seemed to be consolidating around $7000 levels, the bulls charged-in again! At the press time, Bitcoin (BTC) is trading at a premium of 13.61% in the last 24-hours. The Bitcoin (BTC) price at present is $8018 with a market cap of $141 billion. Furthermore, Bitcoin’s daily trading volumes have reached over a massive $31 billion indicating a significant jump in the on-chain…

Bitcoin Price Rally’s Just Getting Started after Staggering 117% 2019 Spike

boss

By CCN: Year-to-date, since January, the bitcoin price has increased by 117 percent against the U.S. dollar as it surpassed the $8,000 mark on Tuesday. The rapid increase in the bitcoin price has been supplemented with a drastic increase in the volumes of crypto exchanges and crypto-based investment vehicles. The bitcoin price has surpassed $8,000 in a parabolic rally (source: coinmarketcap.com) Fueled by the rise of bitcoin, the valuation of the crypto market has increased from around $111 billion to $237 billion since January, recording a $126 billion gain in…