Month: August 2019

English Champions Manchester City Unveils Official ‘Blockchain Gaming Partner’ – CCN Markets

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By CCN Markets: UK football club Manchester City announced a blockchain gaming partnership with South Korean sports service developer, Superbloke. The alliance is another example of the ongoing mainstreaming of blockchain, the technology underpinning bitcoin. Online gaming is mainstreaming blockchain Superbloke will incorporate Man City players into its “FC Superstars” online soccer game. The game allows users can build a digital team by trading and training Manchester City digital player cards using real-life football match stats. Manchester City signed a blockchain gaming partnership with South Korean sports service developer, Superbloke.…

Oops! GBTC ‘Drop Gold’ Campaign Perfectly Called Gold Price Bottom

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The Grayscale Bitcoin Trust (GBTC) told investors to ditch gold for Bitcoin (BTC) just before the precious metal surged. A case of bad timing for Grayscale That was the latest observation from RT host and Bitcoin bull, Max Keiser, who on Aug. 26 concluded GBTC’s dedicated Bitcoin-not-gold campaign got its timing wrong.  “$GBTC’s ‘Drop Gold’ campaign timed almost to the hour Gold’s bottom,” he summarized on Twitter. GBTC, which allows investors to gain exposure to Bitcoin without directly interacting with it, had previously rebranded its website to highlight the cryptocurrency’s…

Swiss Regulator Releases AML, KYC Guidance for Blockchain Payments

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Switzerland’s Financial Market Supervisory Authority (FINMA) has released guidance on regulatory requirements for payments on the blockchain under FINMA supervision. The new guidance for virtual asset service providers, published on Aug. 26, applies to blockchain service providers including exchanges, wallet providers and trading platforms. In its preface to the guidance, FINMA notes its adherence to the framework for digital asset regulation issued this June by the intergovernmental Financial Action Task Force (FATF).  More stringent than the FATF FINMA underscores that blockchain sector businesses cannot be exempted from the country’s existing…

Standard Chartered Warns of a High US Recession Risk, All Eyes on Bitcoin

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Financial experts and analysts are raising alarming concerns on the growing chances of US recession in the next year. Investors looking towards Bitcoin as a potential hedge. Investors and financial experts have been continuously raising concerns on an impending US recession expected over the next one year. Clive McDonnell, head of the equity strategy at Standard Chartered said that the potential of the US recession is the “biggest concern” as on date, adding that the chances of the US recession have jumped from 25% earlier to now at 40%. As…

Bitcoin Price May Stay at $10K for a While, but Watch for a Jump

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Bitcoin Price May Stay at $10K for a While, but Watch for a Jump August 26, 2019 by Ramiro Burgos Hope you’re enjoying the calm weather — the current bitcoin price lateral market could be locked around $10,000 USD for another month. Meanwhile, mathematical indicators are going down but could turnover for a great upward rally later. Read our weekly technical analysis to find out more. Also read: Bitcoin Price Hovering Round $10K, But Could Rally Again Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price…

PR: SMART VALOR Lists Bitcoin Cash & Offers Users 10% Cash Back in Crypto

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The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers? The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully compliant and licensed exchange launched out of Switzerland and Lichtenstein by a team of crypto pioneers of early Bitcoin days. Founded in the Thomson Reuters Incubator in 2017, SMART VALOR today is one of the largest players in the Swiss Crypto…

Facebook Still Sweating After Maxine Waters Meets Swiss Libra Regulators – CCN Markets

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By CCN Markets: Facebook’s cryptocurrency project Libra still has more work to do in order to win over the U.S. Congress. According to the chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, a meeting with the Swiss government officials who will regulate Libra Association over the weekend did not allay her concerns. Are the concerns over the U.S. dollar losing clout? In a statement, Waters indicated that she was still hesitant to letting Big Tech develop an ‘alternative global currency’ while stating that the committee’s scrutiny of…

NEC and Partners to Create Blockchain Identity System for Buenos Aires

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A new partnership between a development bank, a nongovernmental organization (NGO) and a tech corporation is eyeing the creation of a blockchain-based identity system to improve financial inclusion in Buenos Aires.  IDB Lab (the Innovation Laboratory of the Inter-American Development Bank Group), NGO Bitcoin Argentina and the Argentine subsidiary of NEC Corporation announced they had signed a memorandum of understanding to pursue the project on Aug. 26. Using blockchain to tackle the poverty penalty As NEC’s news release outlines, data from the Buenos Aires City Government reveals that 16.2% of…

Bitcoin, Ether, and XRP Weekly Market Update August 26, 2019

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The total crypto market cap lost $3.3 billion of its value during the last seven days and now stands at $269.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Ripple (XRP) being the worst performers with 6.4 and 3.5 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $10,306 while ether (ETH) stands at $189. Ripple’s XRP dropped to $0.270. BTC/USD Bitcoin moved upward to $10,324 on Sunday, August 18 and closed the week 10.4 percent lower. The…

Bitcoin Realized Market Cap Hits $100 Billion for the First Time

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The Bitcoin (BTC) network passed a new milestone this week, as new data reveals the extent of altcoins’ losses.  According to data aggregator Coinmetrics.io on Aug. 25, so-called realized market cap has become the latest indicator flashing bullish for Bitcoin.  Realized Bitcoin market cap surpasses $100 billion record Realized market cap, an alternative calculation of Bitcoin’s market capitalization, is now higher than ever before in the cryptocurrency’s history.  Calculated from multiplying the price each bitcoin last traded by the size of each trade, the figure for Bitcoin passed $100 billion…