Day: June 4, 2019

Bitcoin (BTC) Collapses Under $8,000, Eliciting Bearish Sentiment From Analysts

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Bitcoin Yesterday, we reported that Bitcoin (BTC) wasn’t looking all too hot. As pointed out by analyst Joe McCann, for the first time in four-odd weeks, BTC’s upward momentum has slowed dramatically, with the recently-closed candle looking rather skimpy. Or in other words, “the weekly chart [is] looking at bit out of gas for Bitcoin.” What’s equally as harrowing is that there has been a large drop off in market volumes, signifying that bulls aren’t ready to pick up the slack, and shows signs of market indecisiveness. But more importantly,…

Binance Cryptocurrency Exchange Testing British Pound Stablecoin

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Major cryptocurrency exchange Binance is apparently testing a British pound stablecoin on its native blockchain, Binance Chain, according to a Twitter post on June 3. Twitter user CryptosBatman noticed that the listing “$BGBP” appeared on the Binance platform. Screenshot of stablecoin on Binance Chain. Source: Twitter Binance CEO Changpeng Zhao has commented on the tweet, confirming that a pound stablecoin is in the testing phase, with only £200 minted. Zhao came under fire last month for posting about potentially rolling back transactions (re-org) on the exchange after a $40 million…

Most Blockchain Platforms Will Need Replacing in a Couple Years: Report

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By CCN: Most enterprise blockchains have been mistargeted. They will need replacing in a couple of years. Gartner did a study that found up to 90% of the blockchains in use today will need to be replaced in just a couple short years. “By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner, Inc.” Gartner says the blockchain market is fragmented. | Source: Twitter Impact to Business: $200 Billion The report isn’t all doom and…

Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading

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The highly anticipated Local.Bitcoin.com is now available to the general public. As of right now, anyone in the world can use the service to trade bitcoin cash (BCH) securely. Since pre-launch signups were announced last month, thousands of traders have created accounts and there are over 2,200 active offers ready to go. Also read: Creating Your Own SLP-Based Token Using Memo Local.Bitcoin.com: Prepare to Trade Bitcoin Cash Peer-to-Peer The Bitcoin.com team has been busy preparing for the launch of our private, peer-to-peer trading platform for the BCH community called Local.Bitcoin.com.…

Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading

boss

The highly anticipated Local.Bitcoin.com is now available to the general public. As of right now, anyone in the world can use the service to trade bitcoin cash (BCH) securely. Since pre-launch signups were announced last month, thousands of traders have created accounts and there are over 2,200 active offers ready to go. Also read: Creating Your Own SLP-Based Token Using Memo Local.Bitcoin.com: Prepare to Trade Bitcoin Cash Peer-to-Peer The Bitcoin.com team has been busy preparing for the launch of our private, peer-to-peer trading platform for the BCH community called Local.Bitcoin.com.…