Month: August 2019

Ripple CEO Garlinghouse Slams FUD Because ‘It’s Clear XRP Isn’t a Security’

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Ripple’s chief Brag Garlinghouse insists ‘it’s clear XRP is a security’. | Source: Flickr/OFFICIAL LEWEB PHOTOS Investments in XRP has dwindled dramatically in 2019, indicating that not many are using the crypto-asset for its intended application: that of behaving as a bridge between fiat currencies for cross-border payments. The result is an underperforming token, now down more than 23 per cent against the US dollar. Investors have their reasons to keep a safe distance from XRP. The token is now a part of a class-action lawsuit filed against Ripple, a…

‘Bitcoin Fixes This’ — Thousands of Fake Gold Bars Dilute Market Supply

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Bitcoin’s (BTC) utility over gold has returned to the spotlight after news emerged of thousands of fakes infiltrating the precious metals market. Thousands more fake gold bars could remain undetected As Reuters reported on Aug. 28, the gold industry is currently facing a major forgery problem, with fake kilogram bars found in the vaults of major banks such as JPMorgan Chase. While roughly one thousand have been discovered, experts told the publication there are likely many more still in circulation.  “It’s our standard practice to immediately alert the appropriate authorities…

Facebook Retains Lobbying Firm FS Vector to Promote the Libra Crypto Project

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Facebook has hired the Washington-based public policy and business strategy advisory firm FS Vector that specializes in the fintech, cryptocurrency, blockchain and financial services markets to support it on issues related to crypto policy. The firm was hired by the social media giant amid regulatory pushback from U.S. lawmakers over the development of its stablecoin Libra. According to lobbying registration documents filed with Congress, the consulting firm will support Facebook on various concerns raised by U.S. lawmakers. Facebook announced the details regarding the development of its digital currency project Libra…

Telegram to Beat Facebook to the Punch With Gram Token October Launch

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Encrypted messaging app Telegram will launch its digital currency, the Gram, in October, investors have told mainstream media.  Telegram tokens due in two months As the New York Times reported on Aug. 27, three anonymous investors in Telegram’s $1.7 billion private initial coin offering (ICO) said the company had confirmed it would issue the first tokens in two months’ time. The long-term goal for executives is to make Gram available to all of Telegram’s roughly 300 million users, the investors added. If true, Telegram would beat Facebook’s Libra in launching…

3 Key Indicators Suggest Bitcoin Price Is Ready for a Massive Move

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Bitcoin (BTC) price has been everywhere and nowhere lately. As price consolidates analysts are concurrently screaming bull and bear. The noise is leading to confusion for the average investor who is finding it difficult to separate it from the signal.  Let’s take a comprehensive view of Bitcon price action to gain clarity on the bullish and bearish scenario with special focus on three indicators: Crypto Fear & Greed Index, the Bitcoin Golden Ratio Multiplier and Bollinger Bands.  Is $10K the new $1K for Bitcoin price? Earlier this month, popular Bitcoin market…

The Success of a Blockchain Project Could Hinge on the Right Exchange Listing

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The quest to develop and implement the real-world applications of blockchain technology is at its peak as the community races against one another to be the first ones to create something that could soon become the standard for that industry. However, irrespective of the effort, if these initiatives remain obscure, it will amount to nothing. For any product or a business, they should be readily accessible to the target audience if they want to reach out to their clients. And in the cryptocurrency industry, there are only a very few…

Bitcoin (BTC) Price Recovery Won’t Be Easy Above $10,400

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Bitcoin price is following a negative angle and is trading well below $10,200 against the US Dollar. The price is likely setting up for a downside break below the $10,000 support area. Yesterday’s highlighted rising channel or a bearish flag is intact with support near $10,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of a sharp decline below the $10,000 and $9,900 levels in the near term. Bitcoin price is under a lot of pressure below $10,250 and $10,400…

How is blockchain solving some realproblems in current world

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From time to time especially in the bear market, I feel like I need to remind you that blockchain is solving some key problems of the normal world. In this article, I would like to share with you some of the problems that blockchain is solving. Not making them and then solving, but just solving problems that already exist.  1.Workflows Workflow: “the sequence of industrial, administrative, or other processes through which a piece of work passes from initiation to completion.” Most of the companies have their workflows well automatized within…

Futures Trading Platform to Launch in September

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Changpeng Zhao, CEO of top crypto exchange Binance, announced that the platform will launch futures trading in September. Zhao voiced this statement on Twitter during an “ask me anything” session on Aug. 28. According to Cointelegraph Japan, the company also “announced its focus on the staking business.” As Cointelegraph reported on July 2, Zhao revealed the company plans to launch a futures trading platform with initial support for BTC/USDT contracts at a leverage of up to 20x.  The CEO made his announcement during a keynote speech delivered at the Asia Blockchain…

Bitcoin And Crypto Market Could Decline Further: BCH, XLM, EOS, TRX Analysis

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The total crypto market cap is currently following a bearish path below the $270.0B resistance. Bitcoin price is now trading below the key $10,300 and $10,200 resistance levels. BCH price is holding the $300 and $305 support levels, but struggling to climb higher. EOS price is consolidating above the $3.500 support level. Stellar (XLM) price is struggling to climb above the main $0.0700 and $0.0720 resistance levels. Tron (TRX) price is moving lower once again towards the $0.0170 and $0.0165 support levels. Bitcoin (BTC) and the crypto market cap are…