Day: July 19, 2019

Researchers Have Found Bitcoin’s Most Volatile Daily Period

boss

Cryptocurrencies, unlike stocks and currencies, are quite difficult to trade and keep a track of simply because the market is always open. According to a detailed analysis by LongHash, using data from July 2017 to July 2019, Bitcoin shows the most volatility between 12 A.M and 1 A.M UTC, July 17, 2019. Time Zone Analytics Initial insights drawn from the data shows over the past two years, a bulk of the price movement comes between 12 A.M and 1 A.M UTC. More daily lows and high have come during this…

Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

boss

Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped Bitcoin” Project Has Now Officially Launched on Ethereum Wrapped Bitcoin Contract Captures 558 BTC In January, Bitgo, Kyber Network, and Ren (formerly Republic Protocol) revealed the creation of a new ERC20 token project called Wrapped Bitcoin, a token created on…

Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity

boss

Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped Bitcoin” Project Has Now Officially Launched on Ethereum Wrapped Bitcoin Contract Captures 558 BTC In January, Bitgo, Kyber Network, and Ren (formerly Republic Protocol) revealed the creation of a new ERC20 token project called Wrapped Bitcoin, a token created on…

‘Tip Trump’ Meme Targets POTUS While BAT Cryptocurrency Soars 19%

boss

Donald Trump might not be a fan of Bitcoin and other cryptocurrencies, but that hasn’t stopped him racking up some Basic Attention Token (BAT) in recent times. No, Trump didn’t decide to jump on the BAT hype train. However, being the native currency of the Brave web browser, users can tip any Twitter user they wish using BAT. Basic Attention Token surged 19% leading into Friday morning, off the back of news it had been integrated into Sliver.tv – an online streaming site for gamers. Meanwhile, a new meme was…

‘Tip Trump’ Meme Targets POTUS While BAT Cryptocurrency Soars 19%

boss

Donald Trump might not be a fan of Bitcoin and other cryptocurrencies, but that hasn’t stopped him racking up some Basic Attention Token (BAT) in recent times. No, Trump didn’t decide to jump on the BAT hype train. However, being the native currency of the Brave web browser, users can tip any Twitter user they wish using BAT. Basic Attention Token surged 19% leading into Friday morning, off the back of news it had been integrated into Sliver.tv – an online streaming site for gamers. Meanwhile, a new meme was…

BlackRock CEO: We Don’t Need Libra, We Need Technology

boss

CEO of the world’s largest exchange-traded fund provider BlackRock claimed that he does not consider Facebook’s Libra a cryptocurrency. The need to democratize foreign currency exchange In an interview with CNBC’s Squawk Box on July 19, BlackRock’s Larry Fink emphasized that there is a huge need to democratize the exchange of foreign currencies in cross-border transactions and to bring down the fees of the interchange. The financial executive pointed out the existing problem of overcharging cross-border transactions, claiming that people who need to send money worldwide usually do that through organizations…

Crypto Wallet’s Browser Offers Thousands of DApps in One Place

boss

A mobile crypto wallet has announced that users can now effortlessly access thousands of decentralized applications (DApps) directly through its platform. Lumi Wallet says its motivation is to create a one-stop-shop for crypto enthusiasts — a whole ecosystem focused on convenience and simplicity. At the heart of this strategy has been an ambition to streamline the process of downloading DApps. According to Lumi Wallet, it was driven to act after seeing how frustrating the experience can be for smartphone and tablet owners. Not only do individual pieces of software take…

China Acknowledges Value of Bitcoin in Landmark Ruling

boss

The first case regarding Bitcoin as a commodity in China led to the Hangzhou Internet Court pronouncing it as virtual property. The court said Bitcoin has value, scarcity, and can be disposed, giving it the necessary attributes of a digital currency with inherent utility. China has been vocally critical of cryptocurrencies and the verdict here comes in stark contrast to the stance of the People’s Bank of China (PBOC), as reported by China Securities Network, June 18, 2019. Positive Sentiment Resonates with Lawmakers After the United States thrashed Libra and…

Fidelity-Backed Blockchain Accelerator Attracts Over 50 Mentors

boss

The blockchain accelerator program called Startup Studio which is backed by Fidelity Investments and 20 other companies, has managed to attract over 50 mentors. Just recently IDEO CoLab announced the launch of its new blockchain accelerator program called Startup Studio. It is backed by Fidelity Investments and 20 other organizations and protocols in the space such as Ethereum Foundation, Blockchain Capital, Messari, and others. Startup Studio is meant to help blockchain startups and entrepreneurs to grow by conducting workshops of product design, law and engineering, smart contract development, finance and…

Circle CEO Accepts Justin Sun’s Invitation to Warren Buffett Lunch

boss

Circle CEO Jeremy Allaire will attend the crypto power lunch alongside Berkshire Hathaway CEO Warren Buffett, Tron CEO Justin Sun and Litecoin creator Charlie Lee. On July 19, Allaire accepted Sun’s invitation on Twitter to join the much-anticipated $4.6 million lunch with the well-known Bitcoin (BTC) skeptic to discuss issues in crypto industry. In just three minutes after Sun posted the invitation, Allaire tweeted that he is honored to join, adding that the meeting would be a great chance for both Buffett and crypto community representatives to learn from each…