Day: July 15, 2019

Regain your Privacy on Bitcoin (BTC) with Bitcoinmix.org

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Mixers have been an important part of the cryptocurrency ecosystem to improve user privacy and erase ties to criminals who have held those BTC before. As the need for privacy continues to be a hot topic of debate, every crypto enthusiast should be well versed with mixers. Pushing for Privacy For many cryptocurrency users, privacy is a must have and is not so easily achieved anymore. Exchanges such Coinbase implement pseudo-Draconian policies including reporting the activity of a user to regulators if the coins they sent to the exchange have…

Fundstrat: Bitcoin Fall to $10,000 Healthy, $20,000 EOY Possible

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Bitcoin Correction to $10,000 is “Healthy”? Bitcoin (BTC) has been absolutely slammed over the past five days. Since passing above $13,000 for the second time this year on Wednesday, the cryptocurrency has been on a clearly downward-sloping trend. As of the time of writing this, Bitcoin sits at $10,600 — down by around 25% from its year-to-date high of $13,900. Despite this harrowing price action, which has resulted in a sentiment of “extreme fear” according to the Bitcoin Fear and Greed Index, Fundstrat’s Tom Lee is still quite bullish. In a…

Ripple (XRP) is Down 20.8% But Will 30 Cents and Q1 Support Hold?

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Ripple (XRP) is down 20.8 percent Spain’s Santander expanding; opens a UK and Poland payment corridor Banco Santander is opening a new corridor from the UK to Poland via its One Pay FX app. Efficient, attention is back to Ripple, which is under pressure to see more of its clients adopt xRapid. Meanwhile, XRP is under pressure and down 20.8 percent from last week’s close. Ripple Price Analysis Fundamentals The idea of xCurrent is to “enable banks to settle cross-border payments with end-to-end tracking.” That, plus the fact that it…

Buterin Proposes Bitcoin Cash Integration to Scale Ethereum in Short Term

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Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research. As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500.  As such, the Ethereum community has been working on Ethereum 2.0,…

Seed CX Subsidiaries Receive Bitlicenses From New York Regulator

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New York state financial regulators have issued virtual currency licenses to two subsidiaries of crypto derivatives firm Seed CX: Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC. In a press release published on July 15, Financial Services Superintendent Linda A. Lacewell announced that the New York State Department of Financial Services (DFS) has approved the applications of SCXM and Zero Hash for virtual currency licenses. SCXM operates as a spot exchange for digital asset commodities while Zero Hash is a calculation and settlement agent for digital assets. With…

Canadian Securities Regulators Include DLT in 2019–2020 Business Plan

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The Canadian Securities Administrators (CSA) are focusing on understanding and regulating distributed ledger technology (DLT) and its related components. The Canadian securities regulatory agency included a section on DLT and crypto assets in its Business Plan 2019–2022 that was published on July 13.  The CSA’s business plan for 2018–2022 was approved on May 28, and represents a collaborative effort by the CSA to define its priorities over the next several years. Among a range of priorities such as fair and efficient markets, regulatory advancement and reduction of risks, the CSA…

Bitcoin Bounces Off $10,000, BTC Could Rally Further: Analysts

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Bitcoin Finds Support at $10,000… For Now Bitcoin (BTC) has been absolutely slammed over the past five days. Since passing above $13,000 for the second time this year on Wednesday, the cryptocurrency has been on a clearly downward-sloping trend. In fact, the asset has lost around 25% since hitting $13,200, reaching a multi-week low of $9,750 on Monday. And right now, the asset is trading for $10,250, with bulls managing to put up somewhat of a fight at the key level of $10,000. As James Todaro, a prominent cryptocurrency investor points…

Various Applications of Blockchain Technology

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Blockchain technology has been taking the world by a storm, and everyone seems to be eager to learn more about the technology and its various applications in different fields and sectors. While everyone is familiar with the use of this technology for cryptocurrency, there are a lot of other uses for the technology as well. What Is Blockchain? Although many are aware of the existence of blockchain technology, not many know what it exactly is. It is essentially a growing list of records (blocks), often stored on virtual ledger, or…

Trump Has the Power to Ban Bitcoin, But Can He Really Do It?

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Trump says that he is not a fan of cryptocurrencies, especially Bitcoin, but can he ban its transactions and operations in the United States or Congress stands in his way legally? The United States President finally commented about the cryptocurrency industry last week on July 12 since taking office in 2016. In a Twitter tirade, he expressed his opposition about cryptos, especially Bitcoin. He apparently is also not a supporter of the soon to be launched Libra stablecoin whose whitepaper was unveiled in June 2019. In those tweets, he published…

UK Royal Mint to Provide Custody for New Cryptocurrency

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Royal Mint, a government-owned manufacturer of coins in the United Kingdom, will provide crypto custodial services for the first time ever, according to a press release shared with Cointelegraph on July 15. The 1,100 year-old financial institution is participating in the launch of new cryptocurrency temtum (TEM), which is expected to go live on July 17.  Specifically, Royal Mint will act as the storage for temtum genesis private keys and currency reserve, while the original private keys will be stored in the Royal Mint vault forever, the press release notes.…