Day: August 19, 2019

Santander Expanding Ripple-Powered Payments After Volume Triples

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Spanish banking giant Santander plans to expand Ripple-powered global payment solution to Latin America, a Santander spokesperson told Cointelegraph on Aug. 19. Citing rising transaction volume, Santander wants to expand Ripple’s xCurrent technology to a number of Latin American countries after first introducing the technology in Spain, Brazil, Poland and the United Kingdom in April 2018.  U.S. payment corridor  Specifically, the bank intends to enable zero-fee transactions from unspecified Latin American countries to the United States via mobile app called One Pay FX. To date, only customers in the U.K.…

World Bank Raises $33M Via Blockchain for Its Kangaroo Bond

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The World Bank announced on Aug. 16 that it raised an additional A$50 million (over $33 million) for its Kangaroo bond due August 2020, using a blockchain.  The bank claims that this is the first bond which has been created, allocated, transferred and managed through its life cycle using distributed ledger technology (DLT). Major banks join World Bank’s Bond-i blockchain platform Per the report, the initiative expands the World Bank’s Bond-i blockchain platform combining three joint lead managers, Commonwealth Bank of Australia (CBA), RBC Capital Markets and TD Securities (TD).…

Binance Expanding Cryptocurrency Domination Efforts With Libra Rival

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The world’s most dominant cryptocurrency exchange, Binance, is not satisfied with being the best in the industry. It literally wants to own it as Facebook has done with social media. The latest ambitions from the Malta based company include a localized stablecoin initiative that will rival Libra. Facebook in the Firing Line Not only has Facebook had to contend with a regulatory onslaught from US and global lawmakers, it is now coming under pressure from firms in the crypto industry. Binance announced the Venus project earlier today on its news…

The Crypto Fear and Greed Index Signals Negative Market Sentiment

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The Crypto Fear and Greed Index has witnessed a sharp fall throughout August, which then accordingly indicated both ‘fear’ and ‘extreme fear’ among cryptocurrency investors. The Fear Index has been trading at its 244-day low (the lower the index is, the more full of fear the market is) this week which was, unfortunately, the level of the Fear Index when Bitcoin crashed to $3,000 in December 2018. Bitcoin and other cryptocurrencies have recovered significantly in 2019. However, crypto investors and traders have been observing the market nervously as market sentiments…

Bitcoin’s Price is Up More Than $1K Since Bakkt Futures News

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View Bitcoin has risen by $1,000 since Friday’s announcement by Bakkt exchange that it will be launching physically-settled bitcoin futures on Sept. 23. The price rise has neutralized the bearish setup on the intraday charts seen last week. The gains could be extended further to $11,000, as the hourly chart is reporting a bullish continuation pattern. The weekly chart continues to call a deeper pullback to $9,000 with key moving averages (MAs) producing a first bearish crossover since February. A weekly close above $12,000 is needed for a complete bullish…

‘Ethereum Blockchain Is Almost Full’

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Ethereum co-founder Vitalik Buterin says the Ethereum blockchain is almost full. In an interview with The Star published Aug. 19, he said the hurdle that faces big organizations interested in the Ethereum ecosystem is the still-thorny matter of the blockchain’s scalability. “Scalability is a big bottleneck” Buterin’s stark comments were made as part of a discussion of what he perceives to be the biggest roadblocks to the widespread adoption of cryptocurrencies. He conceded that: “Scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger…

Rakuten’s Crypto Exchange Has Launched for Trading in 3 Cryptos

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  Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading. Announced Monday, Rakuten Wallet has gone live for trading in bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was provided. The firm said customer funds held by the subsidiary will be managed separately from its own, under the eye of its trust company, Rakuten Trust, and through savings accounts at Rakuten Bank. Rakuten further…

ZenGo Bitcoin Wallet Adds Support for Facebook’s Libra 

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ZenGo, a keyless multi-cryptocurrency wallet created by an Israel-based blockchain startup, has added support for Facebook’s Libra coin which is slated to go live in 2020. The wallet lets users store a test version of Libra that has no monetary value, to enable them to get familiar with the stablecoin before its official launch, reports CNet on August 18, 2019.  ZenGo Supports Libra  Per sources close to the matter, ZenGo, a non-custodial multi-cryptocurrency wallet that claims to be the first keyless bitcoin (BTC) wallet, now allows users to have access…

Singapore Crypto Association Launches Code of Practice

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The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS) has developed a Code of Practice in partnership with multinational law firm Linklaters. A Global Legal Post report published Aug. 19 revealed that ACCESS had the support of the Monetary Authority of Singapore (MAS) — the country’s central bank and regulatory authority — and also consulted the Association of Banks in Singapore to launch the new initiative. Tackling AML/CFT Risks The new Code of Practice falls within the scope of ACCESS’ “Standardization of Practice in Crypto Entities,” which provides detailed anti-money…

Bitcoin Price Hovering Round $10K, But Could Rally Again

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Bitcoin Price Hovering Round $10K, But Could Rally Again August 19, 2019 by Ramiro Burgos Seriously, what’s the deal with the bitcoin price? At the moment it’s hovering sideways around the $10,000 USD mark even while indicators weaken. But as our weekly technical analysis shows, this could prompt another bullish rally if external factors align on time. Read on to find out more. Also read: Technical Analysis: Bitcoin Price ‘Shows Muscle’ Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Technical Analysis Long-Term Analysis The bitcoin…