Day: June 12, 2019

Exec Who Launched PwC Switzerland’s Blockchain Division to Become CFO at Tezos

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The man who launched a blockchain and cryptocurrency assurance division for PwC in Switzerland is joining Tezos as chief financial officer, the foundation confirmed in a news release on June 11. Roman Schnider is leaving the Big Four firm after 15 years, and Tezos says he is already familiar with the organization, since it was the first major blockchain project to have its finance and business operations audited by PwC. Tezos describes itself as a platform focusing on smart contracts and decentralized applications that offers a protocol governed by stakeholders. Ryan Jesperson, the president of the Tezos…

Litecoin Price Spikes 357% in 2019 and Momentum Isn’t Dead Yet

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By CCN Markets: Year-to-date, litecoin price has increased by 357 percent against the U.S. dollar, outperforming every top ten crypto asset in the global market including bitcoin, Ethereum, and EOS. The litecoin price has increased by another eight percent in the past 24 hours (coinmarketcap.com) The consistent increase in the value of the crypto asset is said to have been triggered by the anticipation of its block reward halving that is expected to occur in about two months. Crypto assets based on proof-of-work (PoW) blockchain networks that involve mining in…

Litecoin Price Spikes 357% in 2019 and Momentum Isn’t Dead Yet

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By CCN Markets: Year-to-date, litecoin price has increased by 357 percent against the U.S. dollar, outperforming every top ten crypto asset in the global market including bitcoin, Ethereum, and EOS. The litecoin price has increased by another eight percent in the past 24 hours (coinmarketcap.com) The consistent increase in the value of the crypto asset is said to have been triggered by the anticipation of its block reward halving that is expected to occur in about two months. Crypto assets based on proof-of-work (PoW) blockchain networks that involve mining in…

Nasdaq Joins Hands With CryptoCompare to Provide Institutional Data for Crypto Prices

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Photo: CryptoCompare The world’s second-largest stock trading platform Nasdaq is making all attempts to bring institutional players in the crypto market. Although Nasdaq is yet to launch any crypto-related trading product of its own, reports suggest that it is experimenting a few. In April 2019, CoinSpeaker reported of Nasdaq testing a Bitcoin-trading product. The latest report is that Nasdaq has entered a strategic partnership with CryptoCompare to launch a new cryptocurrency pricing product called the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices. CryptoCompare is one of the industry’s leading players for providing…

IOTA Is Down The Liquidity Rankings Despite The Promise of Coordicide

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IOTA stable, up 1.3 percent week-to-date The success of Coordicide will determine IOTA’s trajectory Coordicide dominates in IOTA Forums. Upon test and implementation, the platform will trailblaze within the IoT landscape. Meanwhile, IOTA is stable but down the liquidity rankings. IOTA Price Analysis Fundamentals The IOTA community is jubilant because of Coordicide. Consensus among critics and supporters is that the transaction validator, in Coordinator, is indeed a central point of failure. Its downtime can severely cripple IOTA’s ecosystem. In a new white paper explaining how the blockless IOTA, meeting the…

DEX, Explained | Cointelegraph

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4. The distributed architecture of decentralized exchanges and full user control over their own funds entails a number of difficulties. Inability to restore access: For example, due to lack of a KYC process and the ability to cancel a transaction in the event of a broken passwords or loss of a private key, the user cannot recover his or her data and return the assets. Source CryptoX Portal

Bitcoin (BTC) Poised to Break Higher, High-$8,000s Back in Play

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Bitcoin Bulls Return as BTC Taps $8,000 Bulls are looking to take control of Bitcoin (BTC) after a week of boring price action. In the past 48 hours, BTC has tried to convincingly break past $8,000 and close a key four-hour or 12-hour candle above $8,200. While this auspicious event from a technical analysis standpoint hasn’t come to fruition just yet, some cheery analysts are coming to the conclusion that bulls will only continue to pressure BTC higher in the days to come. Financial Survivalism claimed that having found clear…

Bitcoin (BTC) Price Approaching Next Break: Bullish or Bearish?

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Bitcoin price recovered recently above $7,900 and $8,000 against the US Dollar. The price failed to stay above $8,000, formed a swing high at $8,080, and recently declined below $7,900. There is a key breakout pattern forming with resistance near $7,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently under pressure and there is a risk of more losses below the $7,800 support. Bitcoin price failed to gain momentum above $8,000 and declined recently against the US Dollar. BTC is currently approaching…

Initial Exchange Offerings are Providing Big Returns, But Why?

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Christopher Brookins is the founder of Valiendero Digital Assets, a quantitative crypto fund founded out of Carnegie Mellon. 2019 has not only seen a resurgence of the crypto bull, but also capital raising. In particular, IEOs or “Initial Exchange Offerings” have been highly visible for both good and bad reasons. Positively, IEOs have produced large returns to-date. Negatively, to quote Jeff Dorman at Arca, “Many argue (correctly) that IEOs are illegal (in the US) since the tokens are clearly securities, & unregulated exchanges are acting as broker/dealers. Thus, U.S. investors…

Ripple (XRP) Price Face Resistance: Can Bulls Overcome 100 SMA?

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Ripple price started a short term recovery from the $0.3686 swing low against the US dollar. The price traded above the $0.4000 level, but it failed to surpass the $0.4050 resistance. There is a key contracting triangle forming with resistance near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.4050 resistance or decline again below the $0.3800 level. Ripple price is currently consolidating in a range against the US Dollar, similar to bitcoin. XRP must break the $0.4000 and…