Day: June 24, 2019

Facebook Adds Senior Job Vacancy for Calibra Wallet on Careers Site

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Facebook has started advertising for a head of data science to work on its Calibra wallet, a recent job posting shows. According to the tech giant’s vacancy, it is looking for an “experienced analytics leader” who can use data to drive insights, shape the wallet’s future direction, and measure product success. Understanding how users interact with the product and identifying opportunities is listed among the responsibilities. Leadership experience features among the minimum qualifications, along with at least eight years’ experience of quantitative analysis. Describing the perfect candidate, Facebook said they would be…

Kik’s Claims About Kin Blockchain ‘Inaccurate,’ Coin Metrics Report Alleges

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Kik has made inaccurate claims about activity on its blockchain to the United States Securities and Exchange Commission (SEC,) a Coin Metrics report alleged on June 24. The report focused on two assertions made by the company about its Kin blockchain and eponymous cryptocurrency. In a November 2018 letter, Kik had claimed that its blockchain had “exceeded Ether and Bitcoin in daily blockchain activity, demonstrating Kin’s wide acceptance and adoption.” Coin Metrics claims daily operations, the measurement Kik used to gauge activity on its blockchain, included a high number of account creations — but many of these…

Ripple Ambitious, XRP Prices Breakout From A Bull Flag

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Ripple (XRP) bullish after June 22nd price rally Over the counter (OTC) XRP trading and non-disclosure agreement could be limiting bullish price action.  Relative to BTC or ETH, XRP is lagging. Even though there is Libra and much hubbub about MoneyGram, bulls will begin to show their faces once again once there is a close above 50 cents. Ripple Price Analysis Fundamentals The cryptocurrency landscape can be overwhelming. Complex and multifaceted, the so-called “cryptosphere” is an amalgam of diverse fields. As a result, crypto and blockchain is a melting pot.…

SWIFT to Allow GPI Payments on Blockchain Platforms

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The Society for Worldwide Interbank Financial Telecommunications (SWIFT) will allow distributed ledger technology (DLT) firms to use its global payments innovation (GPI) platform, according to a recently published report. In the report, SWIFT revealed that it will soon allow GPI payments on DLT-base platforms. The product will purportedly increase savings in reconciliations and boost the movement of collateral. The announcement follows a proof-of-concept (PoC) of a new gateway to interlink trade and e-commerce platforms with GPI, which the organization launched in collaboration with enterprise blockchain platform R3 in January. The…

Overvalued Bitcoin Price Won’t Score $40,000 in 2019: Chart Indicator

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Popular cryptocurrency figure Trace Mayer believes that Bitcoin’s recent price gains may have peaked, at least in the medium term. Using his self-created Mayer Multiple, the Bitcoin maximalist this morning tweeted that there was very little chance of Bitcoin hitting $40k in the next couple of months. Bitcoin momentum could slow in the days ahead. Source: Twitter. The Mayer Multiple retrospectively tracks the boom and bust cycles of Bitcoin to give some indication of fair value. Consider it the speed at which Bitcoin’s price moves away from its 200 day…

Overvalued Bitcoin Price Won’t Score $40,000 in 2019: Chart Indicator

boss

Popular cryptocurrency figure Trace Mayer believes that Bitcoin’s recent price gains may have peaked, at least in the medium term. Using his self-created Mayer Multiple, the Bitcoin maximalist this morning tweeted that there was very little chance of Bitcoin hitting $40k in the next couple of months. Bitcoin momentum could slow in the days ahead. Source: Twitter. The Mayer Multiple retrospectively tracks the boom and bust cycles of Bitcoin to give some indication of fair value. Consider it the speed at which Bitcoin’s price moves away from its 200 day…

First Stablecoin Trading Pairs Listed on Binance DEX

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Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24. As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), as well as the USDSB-to-USDS trading pair today at 10:00 AM UTC. Derived from StableUSD, a stablecoin pegged 1:1 to the United States dollar and developed by crypto startup Stably, USDSB was issued on Binance’s BEP2 token standard in early June 2019. As previously announced, USDSB…

Bitcoin at $100,000 By End 2021 Says Morgan Creek’s Pompliano

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Anthony Pompliano of Morgan Creek Digital is the latest industry notable to call a price target of $100,00 for bitcoin, which he expects to be hit before the end of 2021. ‘The Pomp’, as he is known in crypto circles, correctly predicted that bitcoin would bottom in the $3,000s before rising again. In his OffThe Chain email newsletter (and podcast), he writes: “This prediction of a ~50% drop in Bitcoin’s price was met with plenty of skepticism, but it ultimately proved to be accurate. Bitcoin proceeded to drop under $3,200…

Bitcoin at $100,000 By End 2021 Says Morgan Creek’s Pompliano

boss

Anthony Pompliano of Morgan Creek Digital is the latest industry notable to call a price target of $100,00 for bitcoin, which he expects to be hit before the end of 2021. ‘The Pomp’, as he is known in crypto circles, correctly predicted that bitcoin would bottom in the $3,000s before rising again. In his Off The Chain email newsletter (and podcast), he writes: “This prediction of a ~50% drop in Bitcoin’s price was met with plenty of skepticism, but it ultimately proved to be accurate. Bitcoin proceeded to drop under…

Coinbase CEO Praises Privacy While Allegedly Blacklisting Anonymous Transactions

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Co-founder and CEO of major U.S.-based cryptocurrency exchange Coinbase Brian Armstrong attracted criticism after praising private crypto transactions in a tweet published on June 22. In the aforementioned tweet, Armstrong notes that “a scalable, sufficiently decentralized, chain that supported private transactions by default (privacy coins) would be a game changer.” He then compares anonymous cryptocurrency transactions to cryptography on the web, pointing out that it is increasingly predominant. He also used messaging as an example: “Same with messaging, end to end encryption started out fringe and is now the expected…