Month: August 2019

BitTorrent to Begin Alpha Testing Blockchain-Based Streaming Platform

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Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019. Platform overview BitTorrent announced the news in an official blog post on Aug. 27. According to the announcement, the streaming platform — called BitTorrent Live (BLive) — supports live video content and an instant messaging service. Additionally, its underlying system reportedly contains a top user chart and a user relationship feature. BitTorrent intends to roll out BLive in alpha, beta and full versions from Q3 2019…

World’s 3rd Richest Man Denies Involvement in Belgian Crypto Firm

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Bernard Arnault, the world’s third richest man, has denied his involvement in setting up a new Belgian crypto trading company Abesix Belgique. Arnault was reported to be a co-founder of Abesix by Belgian business publication De Tijd on Aug. 28. Subsequently after the publication of the article, De Tijd posted an update that Arnault has formally denied the report. According to De Tijd, Abesix would trade in six major cryptocurrencies, including Bitcoin, Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Dogecoin (DOGE). According to information acquired by De Tijd,…

World’s 3rd Richest Man Denies Involvement in Belgian Crypto Firm

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Bernard Arnault, the world’s third richest man, has denied his involvement in setting up a new Belgian crypto trading company Abesix Belgique. Arnault was reported to be a co-founder of Abesix by Belgian business publication De Tijd on Aug. 28. Subsequently after the publication of the article, De Tijd posted an update that Arnault has formally denied the report. According to De Tijd, Abesix would trade in six major cryptocurrencies, including Bitcoin, Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Dogecoin (DOGE). According to information acquired by De Tijd,…

Alibaba and Tencent all Set to Get First Chinese Government Cryptocurrency

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Ever since cryptocurrencies first captured the global consciousness a few years ago, several institutions from around the world have expressed their willingness to issue crypto tokens of their own and the most recent one is the Chinese central bank. A few weeks ago, it emerged that People’s Bank of China was all set to issue its own cryptocurrency and now it has emerged that the cryptocurrency is going to be disbursed to seven entities in the country. The update was revealed by the former global head of financial strategy at…

Price Analysis 28/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, XMR

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Bitcoin is getting ready for a large move. At what level does it become a buy? Let’s analyze the charts. In the past few weeks, both Bitcoin and gold have attracted investors who have flocked to safe haven assets due to trade wars and an uncertain geopolitical environment. While traditional investors prefer investing in gold, the discovery of fake kilogram gold bars in the vault of JP Morgan Chase points to a forgery crisis. While gold owners need an expert to confirm the authenticity of their holding, Bitcoin node operators…

Bitcoin Price Drops Sharply Below $10K, Marking New Weekly Low

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The price of Bitcoin (BTC) has dropped dramatically today, falling by $600 at  6:00 p.m. UTC on Aug. 28. In the course of an hour, the Bitcoin price sank from $10,269 to $9,630, but is currently attempting to stage a recovery. At press time the coin is trading at $9,721. Bitcoin price. Source: Coin360 Bitcoin’s current position marks a weekly low for the seminal cryptocurrency, after hitting a seven-day high of $10,791 on Aug. 20. On its 30-day chart, the coin is down to just above where it started at…

Crypto Advertisement Still Unwelcome, How Is the Industry Coping?

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The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics since January 2019. The ASA received four complaints, each accusing the platform of being misleading about Bitcoin investment profitability. The court satisfied the complaints.  However, this was not the first time that a state took a tough attitude toward advertisement of cryptocurrencies. Here is an overview of how cryptocurrencies are advertised — or not —…

PrimeXBT Research: Where to Invest Safely in 2019

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In July 2019, the United States Fed cut rates by 25 basis points, causing a massive sell-off across most assets and further fueling global economic concerns surrounding a growing trade war between the United States and China. The constant back-and-forth flip-flopping between the two country’s leaders is creating much uncertainty and fear in global markets, and investors are already feeling the burn. Elsewhere, weakening economies mean weakening fiat currencies and already risky emerging markets are at peak risk currently. Even the normally stable bank stocks have begun plummeting, with some…

Bakkt Clients Can Start Warehouse Deposits on Sept. 6

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Bakkt clients will be able to start depositing their funds in the Bakkt Warehouse for physically delivered Bitcoin (BTC) futures starting Sept. 6. Bakkt to debut futures trading on Sept. 23 On Aug. 28, the much-anticipated crypto trading platform Bakkt announced on Twitter that its qualified custodian, Bakkt Warehouse, will begin offering storage of customer’s Bitcoin in early September. Storage will start weeks before the scheduled launch of its platform for daily and monthly crypto futures in the United States on Sept. 23. The platform will enable physical delivery of…

EY Requests to Move QuadrigaCX Crypto Exchange Bankruptcy Case

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EY, the Big Four accounting firm appointed to work on the QuadrigaCX crypto exchange bankruptcy case, wants to move the proceedings from Halifax to Toronto. Local news outlet The Star reports on Aug. 28 that EY has asked a Nova Scotia Supreme Court judge to move the case to Toronto. The firm states that the involvement of four law enforcement agencies has added to the complexity of the case, which has shifted focus to entities based in Ontario.  Bankruptcy proceedings began earlier this year when the exchange’s founder Gerry Cotten…