Square Crypto Hires Blockstream Co-Founder, Open Source Bitcoin Dev

Square Crypto, the cryptocurrency-focused branch of mobile payment company Square, has hired Blockstream co-founder and Bitcoin (BTC) developer Matt Corallo. Square Crypto announced the news in an official Twitter post on Aug. 20. Matt Corallo also commented on the announcement, saying: โ€œSo excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models to accelerate Bitcoin OSS is awesome!โ€ As indicated in his Twitter post, Corallo is a Bitcoin Open Source Developer who previously worked at Bitcoin development company Chaincode Labs. Per his LinkedIn profile, Corallo…

The European Commission Concerned About Libraโ€™s Potential Monopoly

Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebookโ€™s proposed stablecoin Libra is an anti-competitive project. Bloomberg learned of the news via a private document, per a report on Aug. 20. According to the report, the commission sent out a questionnaire earlier in August in an attempt to figure out whether rival entities would be able to compete with the Libra Association and its product on a fair basis. Officials reportedly believe Libra may hinder competition via…

Bitcoin Continues to Face Hurdles at Higher Level, Altcoins Follow

Bitcoin enjoyed one of the strongest runs since the latter part of 2017 during the first half of this year. During those first six months, the cryptocurrency gained in each of the six months of the year, but the momentum came to an end in July, and the indecisive performance has continued into August. The token has threatened to break out plenty of times during the course of this month, but the rally eventually fizzled out, and the same thing happened again. Price Movement and Analysis Over the course of…

Bitcoin May Plunge as It Prints a Familiar Bearish Structure

Bitcoin looks short-term bearish and long-term bullish due to a familiar technical structure on the chart. Find out more here.ย | Source: Shutterstock By CCN Markets: In technical analysis, a support area gets weaker every time the prices touches it. Thatโ€™s because each tap drains the strength or the demand at the support. A good example of this principle is the bitcoin breakdown of the $6,000 support on Nov. 14, 2018. The infamous descending triangle breakdown that sent bitcoin to $3,000 | Source: TradingView In the chart above, youโ€™ll see that…

Crypto Transaction Tracking Service Whale Alert Announces Version 2

Whale Alert, a service dedicated to tracking major cryptocurrency transactions, has announced a second version of its platform in development. Updated tracking capabilities Whale Alertโ€™s official Twitter account announced on Aug. 20 that the service is currently working on the second version of its platform, which includes additional services. The announcement reads: โ€œWe are excited to announce Whale Alert v2: the world’s largest independent blockchain tracker, which will go live Q4 2019. More blockchains, better analytics and more features! โ€ The announcement also links to a section of the projectโ€™s…

Cyberpunk 2077, Assassinโ€™s Creed Odyssey and Mortal Kombat 11 are Coming to Google Stadia

Googleโ€™s online game streaming platform Stadia is set to launch in November as the tech behemoth plans a major disruption in the gaming industry ahead. Google is all set to give a massive push to its online game streaming service Stadia, set to launch in November 2019. Google Stadia is a 4K gaming platform and the companyโ€™s first attempt to disrupt the gaming industry by leveraging the availability of next-generation high-speed data connectivity. Details about Google Stadia By introducing Google Stadia, the tech behemoth plans to disrupt the gaming industry…

US Secretary of State Wants to Regulate BTC Like Other E-Transactions

United States Secretary of State Mike Pompeo believes that Bitcoin (BTC) should be regulated the same way as other electronic financial transactions. Security risks of reduced governmental monitoring In an interview on Squawk Box on Aug. 20, Pompeo pointed out the risk of anonymous transactions associated with crypto, saying: โ€œThe risk with anonymous transactions is one that we all know well. We know this from 9/11 and terror activity that took place in the 15 years preceding that where we didnโ€™t have good tracking, we didnโ€™t have the capacity to…

Brave Move: Jennifer Lopez, Alex Rodriguez Invest in Fintech Company Acorns

Noah Kerner, the CEO of Acorns, anticipates converting niche savings app into bank option utilized by about 100 million users, while celebrities are opting for Acorns to invest in. Jennifer Lopez and Alex Rodriguez, former baseball player, are the latest dual celebrities to invest in the fintech firm Acorns Grow Inc, according to the Wall Street Journal. The saving and investment app has seen the dual stars joining other giant name stakeholders such as Kevin Durant and Ashton Kutcher. Other firms such as NBCUniversal, BlackRock and Paypal have also purchased…

Crypto Trading Firm INX Hopes to Raise $5M-$130M in Upcoming IPO

Gibraltar-registered blockchain and cryptocurrency-focused startup INX Limited intends to raise between $5 million and $130 million through an initial public offering (IPO), according to a document filed with the United States Securities and Exchange Commission (SEC). The filing reads that INX โ€” which develops a regulated platform for cryptocurrency trading and an alternative trading system for security tokens โ€” is planning to conduct an IPO of 130 million INX tokens. Investors who want to participate in the IPO will have to contribute a minimum of $1,000. A filing with the…

J.Lo and A-Rod Backed a Fintech Play. They Should Invest in Bitcoin Next

Jennifer Lopez and Alex Rodiguez invested in the fintech firm Acorns Grow Incorporated. They should buy bitcoin next. Here’s why. | (i) Photo by ANGELA WEISS / AFP (ii) Shutterstock; Edited by CCN By CCN Markets: Itโ€™s not unusual to see A-listers diversify their income streams by investing in promising ventures. We recently learned that celebrity couple Jennifer Lopez and Alex Rodiguez have dipped their toes into the financial industry by investing in fintech firm Acorns Grow Incorporated. Welcome to the family. ๐Ÿ™Œ๐ŸŒณ #GrowYourOak pic.twitter.com/bVrakSwgG5 โ€” Acorns (@acorns) August 19,…