Day: September 12, 2019

ECB: Cryptocurrency Cannot Be Created By Member States, What This Means For Crypto

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The European Central Bank (ECB) has attacked plans for an Estonian state-operated cryptocurrency.  ECB President, Mario Draghi shut down any talk of the proposal by saying about crypto assets: “No member state can introduce its own currency…The currency of the euro zone is the euro.” Many observers theorize that Draghi’s response is led by a fear of losing monopoly control of the money supply. And for that reason, the division between legacy and crypto ideologies has never been more apparent. European Bank President Says No To Member State Cryptocurrency Estonia…

Binance’s Quarterly BNB Burn to Include Binance Futures Tokens

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Binance exchange will include all future businesses and products into the scope of each quarterly burn of its native token Binance Coin (BNB). Decision made based on community feedback According to a blog post on Sept. 12, Binance has decided to include all its products into quarterly BNB burns in accordance with community feedback. The new BNB burning practice will include tokens from Binance Futures, the exchange’s crypto futures platform that was rolled out in beta mode on Sept. 2, featuring a 10,000 BNB trading contest. Earlier today, Binance announced…

Harmony to Scale Samsung Wallet-Supported Blockchain Health Data App

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Blockchain network Harmony teamed up with a Lithuanian blockchain-powered health app firm to enable fast and secure health data sharing. According to a press release shared with Cointelegraph on Sept. 12, Harmony partnered with Lympo, a company developing an incentivizing platform for healthy lifestyle activities like walking or running, in order to boost the platform’s scalability. LYM tokens supported by Samsung Blockchain wallet Specifically, the Lympo app rewards users with LYM tokens for completing various daily challenges and allows spending the tokens to buy sports goods, gadgets and other products,…

Roger Ver Presses for Bitcoin Cash (BCH) Derivatives

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Roger Ver is trying to fuel the interest of institutional investors in Bitcoin Cash. According to news published from Bloomberg, September 12, the crypto-mogul Ver is thinking of launching futures contracts. BCH for Institutions Former CEO and current Executive Chairman of Bitcoin.com, Roger Ver focuses his efforts on initially promoting the first Bitcoin hard fork, Bitcoin Cash (BCH). According to Ver, Bitcoin Cash would have a much better chance of becoming a decentralized global currency than Bitcoin as it requires a fraction of the fee that Bitcoin does to execute…

Kakao’s Klay Cryptocurrency to Make First Exchange Listing

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South Korean messaging giant Kakao’s “klay” token – the native cryptocurrency of its recently launched Klaytn blockchain – is soon make its first official exchange listing on Upbit’s platform. Ground X, the firm set up by Kakao to develop the Klaytn network, announced the news in a Medium post on Sept. 5, saying klay will list on Upbit’s Singapore and Indonesia platforms by the end of this month. Upbit Singapore revealed on Sept. 6 that klay will be listed following price discovery via a Dutch auction – in which the price is reduced until…

Kakao’s Klay Cryptocurrency to Make First Exchange Listing

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South Korean messaging giant Kakao’s “klay” token – the native cryptocurrency of its recently launched Klaytn blockchain – is soon make its first official exchange listing on Upbit’s platform. Ground X, the firm set up by Kakao to develop the Klaytn network, announced the news in a Medium post on Sept. 5, saying klay will list on Upbit’s Singapore and Indonesia platforms by the end of this month. Upbit Singapore revealed on Sept. 6 that klay will be listed following price discovery via a Dutch auction – in which the price is reduced until…

History Favors the Bulls as Bitcoin Trades Sideways at $10K

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View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way for a retest of recent highs above $10,900. The prospects of a breakout would weaken if prices find acceptance below Wednesday’s low of $9,855 on the back of a rise in selling volumes. That would…

Will Ripple CEO Address XRP Dumping At Fintech Week?

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Ripple CEO, Brad Garlinghouse is a confirmed keynote speaker at this year’s DC Fintech Week. Although the agenda precludes XRP price, many see this as a further opportunity for Garlinghouse to address concerns over XRP dumping, which some attribute to price stagnation in the divisive token. Will Garlinghouse Address The Issue Of Ripple Dumping XRP? Thought leaders and attendees will gather in Washington DC on October 21-24 to deliberate all matters fintech. This year’s event includes notable industry movers and shakers, such as SEC Chair, Jay Clayton and ConsenSys founder,…

Bitcoin Price Steady Above $10K as Binance Coin Tumbles on US News

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Bitcoin (BTC) price was holding above $10,000 on Sept. 12 after a fresh boost appeared to reinforce support for five figures.  Market visualization. Source: Coin360 Bitcoin price steadies above $10,000 Data from Coin360 showed BTC/USD circling $10,100 at press time Thursday, extending a broadly sideways trading pattern from the day before.  24-hour volatility has remained reasonable for Bitcoin, with lows of $9,950 lasting only briefly before an upward bounce.  Bitcoin seven-day price chart. Source: Coin360 News of a fresh blow to the potential launch of Facebook’s Libra digital currency failed…