Month: August 2019

Ripple Price (XRP) Possible Scenarios and Bigger Picture

boss

Ripple price is following a bearish path below the $0.2800 and $0.2900 resistances against the US dollar. There are many supports on the downside such as $0.2640, $0.2580 and $0.2500. There is a crucial bearish trend line forming with resistance near $0.2700 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The price could either climb above $0.2800 or decline heavily below $0.2500 in the near term. Ripple price is facing a lot of hurdles against the US Dollar and bitcoin. XRP price seems to be preparing…

Ethereum Price (ETH) Showing Further Signs Of Weakness

boss

ETH price is trading in a bearish zone below the $190 and $192 resistances against the US Dollar. The price is at a risk of more downsides if it breaks the $185 and $182 support levels. There is a key bearish trend line forming with resistance at $187 on the hourly chart of ETH/USD (data feed via Kraken). The pair might slowly move down towards the $182 and $180 support levels in the near term. Ethereum price is trading in a bearish zone versus the US Dollar and bitcoin. ETH…

India’s Kerala Blockchain Academy Partners with R3 for Dev Education

boss

The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3. Local news outlet The Economic Times reported on Aug. 27 that New York-based enterprise blockchain firm R3 chose the KBA as a general partner. According to the article’s author, the academy already designed a developer certification program on the firm’s Corda blockchain, meant for banking and technology professionals. Governmental blockchain education Per the report, KBA is the first government institution in India which offers a Corda…

Parity Delays Ethereum Network Hardfork over Implementation of EIPs

boss

Parity, a blockchain infrastructure company that runs the core of the Ethereum network, is delaying the Ethereum core devs’ planned hardfork until Sept. 6. Waiting on Parity EtherWorld founder Pooja Ranjan provided notes from Ethereum Core Devs Meeting 69 via GitHub on Aug. 24 — a day after the dev meeting occurred. According to Parity core developer Wei Tang, the organization needs two more weeks before devs can proceed in selecting a block number for the Istanbul fork. According to Ranjan’s notes, Tang said that Parity will need until Sept.…

Venezuelan Official Says Remittance Platform for Petro is Ready to Use

boss

National Superintendent of Cryptoactives Joselit Ramírez has announced that crypto remittance platform Patria Remesa is live and functioning. Radio announcement about the platform The Bolivarian Government of Venezuela reported the news on Aug. 27. According to the report, Ramírez said that Patria Remesa was ready for use on a radio show that he hosts on Radio Nacional de Venezuela. Additionally, Ramírez highlighted his confidence in the platform’s safety, as well as how the Venezuelan cryptocurrency El Petro (PTR) allegedly hedges against economic depreciation. A brief overview of the Petro Regarding…

Startup Led by JPMorgan Veterans Brings Free BaaS Platform to Azure

boss

Hybrid blockchain solutions startup Kadena has updated its enterprise blockchain platform on the Microsoft Azure Marketplace. On Aug. 27, Kadena announced that its new product called Kadena Scalable Permissioned Blockchain is available on Azure Marketplace for free. Blockchain scalability ambitions Founded by former blockchain experts at United States banking giant JPMorgan, Kadena first released its permissioned blockchain on the Amazon Web Services Marketplace in January 2019.  At the time, company co-founder Stuart Popejoy said that existing versions of private blockchains were inadequate due to low scalability. Kadena also claimed that…

Eight Institutions to Get China’s Digital Currency First

boss

According to sources, the People’s Bank of China is giving its first round of central bank digital currency (CBDC) to online retail giant Alibaba, Internet giant Tencent, five banking organizations and one unknown entity. The first beneficiaries Forbes reported the news on Aug. 27. The sources named are Paul Schulte, who previously worked as head of the China Construction Bank, and an anonymous individual identified as part of China’s CBDC project. According to Schulte, the first beneficiaries of China’s CBDC are Alibaba, Tencent, China Construction Bank, the Industrial and Commercial…

US SEC Chairman Says the Rules Won’t Change for Cryptocurrencies

boss

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton says he won’t make exceptions in securities law for cryptocurrencies, but he won’t stand in their way either. SEC rule changes ‘ain’t happening’ Bloomberg published an interview with Jay Clayton on Aug. 27. According to Clayton, he has no desire to change securities laws, either to include or exclude digital assets for regulation. In his own words: “I think a lot of people got excited that somehow we would change the rules to accommodate the technology and they invested their…

Brave Browser Announces Development of Crypto Wallet for ETH and BAT

boss

Blockchain-based web browser Brave has unveiled a cryptocurrency wallet for Ethereum tokens that is currently in development. Incompatible with Brave Rewards Brave discussed their work so far in a blog post on Aug. 27. According to the announcement, the in-browser wallet supports Brave’s native ERC-20 Basic Attention Token (BAT), alongside other Ethereum-based tokens and collectibles and Ether (ETH) itself. Additionally, the wallet supports interaction with decentralized applications — also known as DApps — which reportedly makes Brave a Web3 browser. However, the wallet cannot interact with Brave Rewards. This means…

Telegram’s 300 Million Users May Be Able to Trade Cryptocurrency

boss

Crypto bull runs often result in developments that often seem a bit farfetched, but at the end of the day, almost everyone wants to cash in on the phenomenon. It happened in 2017, and it is happening once against in 2019 as Bitcoin led the massive crypto surge in the first half of the year. Naturally, some of the world’s biggest tech companies are now getting an interest in Bitcoin as well as in the wider crypto ecosystem. It has now emerged that messaging platform Telegram, which is best known…