Month: May 2019

Raiffeisen Bank Introduces Blockchain Platform for Corporate Settlements

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Raiffeisenbank, a Russian subsidiary of Austria’s Raiffeisen Bank International (RBI), has developed a corporate blockchain platform, the bank announced in a press release on May 31. Targeting holding firms, the new blockchain platform claims to automate settlements by corporate clients and enable a trusted network for sharing data between a group of companies, the press release notes. Specifically, the product reportedly automates the process of supply settlements between buyers and suppliers, as well as providing tools for financial management. While the product was reportedly developed by Raiffeisenbank at the request…

Ethereum Price Targets $350 Despite Massive 10% Plunge in 24-Hr Spiral

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By CCN: Ethereum price(ETH) has depreciated more than 10-percent against the US dollar as the global cryptocurrency market undergoes a massive correction. The ETH-to-dollar dropped to $235.44 on Coinbase as on May 30, 2100, UTC after rallying for five weeks consecutively. The pair attempted a small pullback from its newfound intraday low, but could not extend it to cover the intraday losses. The price action, overall, appeared weak, indicating that Ethereum could continue its plunge to test new downside targets. ETHEREUM PRICE BACK IN BULL PENNANT | SOURCE: TRADINGVIEW.COM, COINBASE…

SBI Ripple Asia to Trial Store Settlement Service for XRP-Powered Payments App MoneyTap

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SBI Ripple Asia — a subsidiary of Japanese financial services giant SBI Holdings — is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap. The news was reported by Cointelegraph Japan on May 30. As previously reported, MoneyTap — which launched in the fall of last year — implements Ripple’s blockchain solution xCurrent to enable near-instant domestic bank-to-bank remittance services. The new store settlement service reportedly intends to pave the way for the roll out of full-scale in-store payment services using…

Liquidators of Hacked Cryptopia Exchange Release Report, Note $4.2M Owed to Creditors

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The liquidators of now-defunct New Zealand crypto exchange Cryptopia have released the first report on the state of affairs of the firm, according to the documents published on May 31. Cryptopia’s recently assigned liquidator, Grant Thornton, has released an estimation statement of the financial state of the firm, reporting that the hacked exchange owes a total of $4.22 million to its creditors. According to the report, there are 69 unsecured creditor claims totalling $2.439 million, with the liquidators adding that they expect to receive further claims, thus raising the amount.…

Coinbase Adds Support for EOS Cryptocurrency on Retail Site and Apps

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Coinbase has added support for the EOS cryptocurrency for its retail customers. The exchange announced in a blog post on May 30 that the option would be available on Coinbase.com and its Android and iOS apps, allowing users to buy, sell, convert, send, receive or just store EOS. The token was added to its Pro platform back in April. While the EOS option is now available for customers in “most” of Coinbase’s served jurisdictions, the U.K. and the U.S. state of New York are not included initially. “Additional jurisdictions may be…

Bitcoin HODL Joy Was Short-Lived as Price Falls to $8,285 with Overall Market Tumbling

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Even though on Thursday (May 30), Bitcoin (BTC) price went up from $8,744 to $9,046, breaking the $9,000 resistance level for the first time in 2019 – Friday came up with the new surprises. It seems that Bitcoin HODL joy was short-lived because, within the next 10 minutes, Bitcoin price had fallen to $8,285. And even worse, the BTC price just kept on falling. We asked Novak Svrkota, one of the prominent fund managers from Crypto exchange “Kriptobroker” what is happening? What is behind sudden price drop of all of…

Speculation Remains Bitcoin’s Primary Use Case

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Research from United States-based blockchain intelligence firm Chainalysis indicates that only 1.3% of economic transactions for bitcoin (BTC) came from merchants in the first four months of 2019. The news was reported by Bloomberg on May 31. The low figure is ostensibly symptomatic of a speculative trend that Bloomberg suggests is preventing the cryptocurrency from being adopted for payments: as bitcoin continues to see significant volatility and renewed valuation gains, its nature as a speculative asset purportely disincentivizes users from using it as a unit for spending. Accumulation — or…

Binance CEO Swats ‘Stupid’ Bitcoin SV Wright’s Shocking Prostitution Claim

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By CCN: Self-proclaimed Satoshi Nakamoto, Craig Wright, just took his ongoing Bitcoin takeover gambit to the next level. Speaking at a CoinGeek conference in Toronto, Wright claimed that money from major cryptocurrency institutions like Binance, Bitfinex and Tether was being used to fund slavery and prostitution. Despite the severity of the claims, Binance CEO Changpeng Zhao (CZ) dismissed them out of hand, refusing to give Wright the limelight he apparently craves. Bitcoin SV’s ‘Satoshi’ Makes Criminal Claims Despite often claiming to be a lawyer (something the real Satoshi said he…

Binance CEO Swats ‘Stupid’ Bitcoin SV Wright’s Shocking Prostitution Claim

boss

By CCN: Self-proclaimed Satoshi Nakamoto, Craig Wright, just took his ongoing Bitcoin takeover gambit to the next level. Speaking at a CoinGeek conference in Toronto, Wright claimed that money from major cryptocurrency institutions like Binance, Bitfinex and Tether was being used to fund slavery and prostitution. Despite the severity of the claims, Binance CEO Changpeng Zhao (CZ) dismissed them out of hand, refusing to give Wright the limelight he apparently craves. Bitcoin SV’s ‘Satoshi’ Makes Criminal Claims Despite often claiming to be a lawyer (something the real Satoshi said he…

Bitcoin Price Looks Poised for Pullback But June Could Revive Rally

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View Bitcoin fell $1,100 on Thursday, creating a bearish candle on the daily chart and confirming a bearish divergence of a key indicator. Prices risk falling to the 30-day moving average (MA), currently at $7,342, in the next few days. The pullback could be short-lived, as BTC tends to perform well in June, and the long-term bull case is still intact. The case for BTC extending its four-month winning streak in June would weaken if the price finds acceptance below the 30-day MA. Bitcoin is teasing short-term bearish reversal at…