Day: June 10, 2019

Ethereum (ETH) Snaps Back From $230, Benfica FC Setting Precedence

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ETH bulls persistent, rejecting lower prices Benfica FC and UTRUST partnering will benefit fans By partnering with UTRUST, a crypto payment processor, Benfica FC fans will now pay for tickets and other merchandise using Ether or BTC. Meanwhile, the reaction from $230 could be the foundation that will propel ETH to $400. Ethereum Price Analysis Fundamentals The success of any blockchain project depends on reception. That Ethereum is one of the biggest benefactors because of their soft landing is true. Promising to create a platform that improves on Bitcoin, Vitalik,…

USC Project Seeks to Disrupt Traditional Wholesale Banking

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On June 3, the Utility Settlement Coin (USC) project, one of the most ambitious crypto-based initiatives in mainstream finance, announced that it had taken the next step in its progression: the creation of a new company called Fnality International and the completion of a 50 million British pound ($63.2 million) Series A financing round. The momentum for USC has been growing since 2015, when the initiative was launched by financial giants UBS, BNY Mellon, NEX, Santander and Deutsche Bank, along with blockchain startup Clearmatics. It’s important to note that USC…

XRP Bulls Firm But Down 9.9%, Ripple Can Be A Micropayment Platform

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XRP is down 9.9 percent Recent findings could embolden the “XRP Army’s” repeated calls for the adoption of their crypto.  CoinGate is confirming that XRP is suitable for micropayments. Their latest research reveals that more people are procuring services and settling using XRP. However, that did not spur demand, as XRP is struggling against unyielding sell-side pressure. Ripple Price Analysis Fundamentals Seven years later and Ripple is much more than a platform. From what information is publicly available, XRP is increasingly serving the crypto economy as a medium of exchange.…

Top Crypto Media Site CCN Shuts Down, Cites Google Update for Loss of Search Visibility

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Top cryptocurrency media site CCN is shutting down today, June 10th, according to an announcement on their website. The post, written by Jonas Borchgrevink, director and founder of CCN Markets and Hawkfish AS, states that the reason behind the closure is a large drop off in traffic from Google searches following a June 3 Google Core Update. Borchgrevink writes that the crypto news site’s traffic fell over 71% on mobile overnight. The founder notes that while traffic levels have been low in the past, the addition of new members to…

Bitcoin Futures Will No Longer Be Traded On CBOE

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CBOE stops trading Bitcoin futures starting from June 19, while CME has recently enjoyed a record high volume of 33,700 contracts for cryptocurrency derivatives. Chicago Board Options Exchange (CBOE), the world’s largest options market, will reportedly settle the last Bitcoin futures contract on June 19. With the expiration of the last contract, the trading of cryptocurrency derivatives will be officially closed, with no more futures to follow on the exchange. CBOE was the first American exchange to list Bitcoin futures. The exchange announced the launch of Bitcoin futures a year…

Crypto Company Offers Decentralized Trading and Analytical Engine That Ranks Crypto

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A new digital assets ecosystem is offering decentralized crypto trading to businesses and individuals, delivering wallet-to-wallet transactions and “cutting-edge analytical tools” that enable users to make informed decisions about the cryptocurrencies they hold, buy and sell. Volentix’s “four pillars” will underpin the beginnings of its digital assets ecosystem — one of which is VDEX, or Volentix Decentralized Exchange, its flagship product. The project describes VDEX as a “next generation, extensible and customizable decentralized crypto exchange,” with an emphasis on ensuring that the assets and data of every user remain individual…

Facebook’s GlobalCoin Will Likely Pay Interest to Users and Drive Bitcoin Adoption

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Today, June 10, Caitlin Long has made 6 predictions on the upcoming Facebook‘s GlobalCoin cryptocurrency in a rather long Twitter thread. The most attention is put to the prediction where she says that Facebook will most likely pay interest to its GlobalCoin users.  “Facebook will pay interest to users of its cryptocurrency, which will eventually lead to populist calls to repeal subsidies at the heart of the US banking system,” she writes on Twitter. 1/ 6 PREDICTIONS about what @Facebook‘s #cryptocurrency means. Grab the popcorn bc I analyzed publicly disclosed…

US National Association of Realtors Invests in Blockchain-Based Real Estate Firm Propy

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A major United States trade association, the National Association of Realtors (NAR), has invested in blockchain-based real estate platform Propy, Forbes reports on June 10. The NAR’s strategic investment arm, Second Century Ventures, has invested an undisclosed amount in Ethereum blockchain-based startup Propy as a part of its commercial real estate technology accelerator REach. Launched in February 2019, the REach program is reportedly the first commercial accelerator of its kind, aiming to bring together major technology disruptors in the real estate industry by selecting ten startups to enter each year,…

BitMEX, CryptoCompare and Refinitiv to Jointly Build Real-Time Crypto Futures Dataset

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Crypto derivatives platform BitMEX and provider of crypto data CryptoCompare will jointly build a real-time crypto futures dataset, according to a press release shared with Cointelegraph on June 10. The BitMEX cryptocurrency futures dataset is designed for institutional investors, and will be delivered to financial markets data provider Refinitiv through the CryptoCompare contributions conduit. The tool will eventually be integrated into the Refinitiv Eikon, a set of software products for financial professionals to monitor and analyze financial information. The product is set to increase transparency and confidence in the cryptocurrency…

CCN is Shutting Down after Google’s June 2019 Core Update

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Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…