Day: July 21, 2019

Noncustodial Crypto Exchanges, Explained | Cointelegraph

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3. There are a number of advantages that make NCEs an appealing alternative to both centralized and decentralized cryptocurrency exchanges. User control: Firstly, users maintain control of their own crypto wallets, private keys and holdings. Some platforms allow users to remain anonymous by not requiring any documentation for account creation, others require customers to complete Know Your Customer (KYC) verification. Variety of crypto trading pairs: NCEs essentially act as aggregators of cryptocurrency trading pairs. They do not require users to deposit funds or crypto holdings and provide a wide range…

Nestle and McDonald’s Join JICWEBS’ Blockchain Pilot Program in the UK

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The Joint Industry Committee for Web Standards (JICWEBS) – which is owned by UK’s advertisers, agencies and media owners to enhance the efficiency, transparency, and independence of media companies – has recently announced a pilot program using a distributed ledger technology (DLT). Nestlé, McDonald’s and Virgin Media have joined the JICWEBS’ pilot program, and in fact, they are the first three major brands enrolling to the program. The brands’ media agencies Zenith, OMD UK and Manning Gottlieb OMD respectively, are the key connections between the blockchain pilot and the companies.…

LibertyX to Transform 90 Conventional ATMs to Crypto ATMs in Arizona and Nevada

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The Boston-based LibertyX, an organization that develops software which transform standard non-bank ATMs to administer Bitcoin, has collaborated with ATM manufacturer DesertATM to include 90 ATMs situated in Arizona and Nevada to its existing Bitcoin ATM network. AMPM, ARCO and Chevron gas stations and Family Dollar retail locations are some of the places where these Bitcoin ATMs are now installed, as per the company’s press release. LibertyX’s software product is installed on conventional, money dispensing ATMs. Particularly, it works on ATMs which are made by Genmega. When the software is…

#MetaGather Program Starts Free Familiarization with Blockchain Campaign

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Jamie Dimon, the CEO of J.P. Morgan Chase, recently stated, “To put it in perspective, we’ve been talking about blockchain for seven years and very little has happened.” This negative publicity has made some people skeptical of what blockchain could do for the common people.  The podium is soon taken away from him and other major finance influencers (i.e. those who control centralized capitalism) when #MetaHash, the high-performance blockchain network, kicked off its #MetaGather Program, a targeted campaign to stimulate massive familiarization with blockchain by getting common people involved in…

Ex Employee Stole $10M in Virtual Assets from Microsoft; Used Bitcoin to Hide the Theft

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News from the U.S. Attorney’s Office for the Western District of Washington revealed in a press release on July 16 that a former employee of Microsoft is currently awaiting trial after being accused of mail fraud for scheme to steal virtual assets like gift cards worth over $10 million. The accused, who goes by the name Volodymr Kvashuk, is a 25-years old Ukrainian citizen who worked with the software company Microsoft for over 2 years. According to the press release, Kvashuk first worked with Microsoft as a contractor before being…

Bitcoin: Signal That Preceded Two 60% BTC Rallies is Forming

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Bitcoin Bulls Ready to Run Bitcoin (BTC) bulls are poised to break out of the gates. As noted by prominent analyst Joe McCann, the one-day Moving Average Convergence Divergence (MACD), an indicator meant to determine momentum and trends, is about to see a bullish crossover on Bitcoin’s one-day chart. This will see the blue line, the 12-Period EMA − 26-Period EMA, cross above the signal line. As McCann points out in the chart above, the last two times that the one-day Bitcoin chart saw this series of events come to fruition, BTC rallied by…

Bitcoin (BTC) Price Weekly Forecast: Approaching Next Crucial Break

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There was a solid upside correction initiated from the $9,100 swing low against the US Dollar. The price gained traction after it broke the key $10,000 resistance area and traded towards $11,250. There was a break above a major bearish trend line with resistance at $10,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair tested a crucial resistance near $11,250 and it is currently correcting lower. Bitcoin price is showing positive signs above the $10,250 support against the US Dollar. However, BTC must break…

Altcoins to Outperform Bitcoin? BTC Dominance Falling

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Bitcoin Dominance Losing Steam Despite the fact that Bitcoin is the leading crypto, altcoins, as non-BTC digital assets are known, were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This was catalyzed by a Cambrian explosion in the variety of cryptocurrencies, the ICO revolution, and massive growth in older projects like XRP and Ethereum. But, for much of the recent rally in the Bitcoin price, altcoins have…

Bitcoin Flexes Its Muscle, Reclaims $11,000 in Abbreviated Weekend Rally

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Seemingly out of nowhere, the bitcoin price rocketed past the psychologically important $11,000 level this weekend. No doubt traders are getting whiplash from the dramatic swings, as the range-bound BTC then pulled back to just over $10,900. The bitcoin price is off its best levels of the day. | Source: TradingView Not too long ago, Galaxy Digital CEO Michael Novogratz predicted that BTC would be range-bound for a while, suggesting the market would hover between $10,000 and $14,000, which it has. Now he is offering another bit of advice to investors…

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

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Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Bitcoin outflows on BitMEX exceeded inflows by $73 million Over the past 24 hours, BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in, London-based blockchain data provider TokenAnalyst reported in a tweet on July 19. 24-hour on-chain Bitcoin flows on major exchanges. Courtesy of: TokenAnalyst Twitter While such a discrepancy appears to be abnormal in comparison with…