Day: September 24, 2019

Report: Blockchain Devices Market to Grow to $1.3 Billion by 2024

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According to a recent report, the blockchain devices market is estimated to grow at a compound annual growth rate (CAGR) of 42.5% in the next 5 years. Growth at this rate means that there would be an increase in the market value from $218 million to $1.285 billion for blockchain devices. This sudden surge in the market can be explained by recent interest in blockchain technology by organizations, use of technology in retail and supply chain management, and a rise in capital funding. As the time progresses, cryptocurrency is also…

Bakkt Bitcoin Futures Gets Mild-Response On Day 1, BTC Drops Below $9800

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Bakkt Bitcoin Futures traded 73 contracts on the first day while getting a lukewarm response from the market. Experts said that Bakkt futures would see an incremental demand going ahead. On Monday, September, Bakkt announced the commencement of the trading facility for its physically-settled Bitcoin Futures contracts. Bakkt‘s Bitcoin Futures contracts offer both, daily contracts and monthly contract settlement options. Besides, that Bakkt platform also provides Warehouse facility for storing the physically-delivered Bitcoin tokens upon contracts expiry. But despite much hype surrounding the launch of Bakkt Bitcoin Futures, the first…

Digital Currency Has ‘No Timetable’ for Launch

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China has no specific launch date in mind for its digital currency, its central bank has said in fresh comments contradicting previous statements. Central bank governor: We need time to research As local English-language news outlet Global Times reported on Sept. 24, the People’s Bank of China (PBoC) has now denied Beijing is ready to debut its new financial asset. According to the publication, which did not quote governor Yi Gang directly, the PBoC “needs to research, test, evaluate and prevent risks.” “China’s research and development of digital currency has…

Bitcoin Price (BTC) Breakdown Looks Real, More Downsides Incoming?

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Bitcoin price is under pressure and it recently broke the $9,800 support area against the US Dollar. The price is currently consolidating losses below $9,800 and it remains at a risk of more downsides. There was a break below yesterday’s highlighted contracting triangle with resistance near $9,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but upsides are likely to remain capped near $9,850 and $9,950. Bitcoin price is showing bearish signs below $10,000 against the US Dollar. BTC is likely…

First Bitcoin Capital Welcomes Tipestry into Incubation Program

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First Bitcoin Capital Corp, a firm that claims to be focused on investing in Bitcoin-focused startups, and acquiring projects developing Bitcoin-powered applications, has announced the addition of Tipestry, a blockchain-based content monetization platform to its incubation program, reports Yahoo Finance on September 23, 2019. First Bitcoin Invests in Tipestry Per sources close to the matter, First Bitcoin Capital Corp. has accepted Tipestry, a cryptocurrency-powered social platform into its startup incubation program which aims to make life easier for crypto-focused businesses and entrepreneurs by providing them with business training, access to…

Ripple Price (XRP) Testing Crucial Support With Bearish Bias

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Ripple price extended its decline and tested the key $0.2650 support area against the US dollar. The price could accelerate its decline if it fails to hold the key $0.2650 support. There is a major declining channel forming with resistance near $0.2810 on the hourly chart of the XRP/USD pair (data source from Kraken). The price may perhaps correct higher, but upsides are likely to face hurdles near $0.2800 and $0.2850. Ripple price is showing bearish signs against the US Dollar, similar to bitcoin and Ethereum. XRP price must stay…

SEC Charges Fantasy Market Founder With Orchestrating a Fraudulent ICO

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The United States Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent initial coin offering (ICO). According to the SEC complaint published on Sept. 23, Lucas received around $63,000 in cryptocurrency from more than 100 investors “through the fraudulent offer and sale of unregistered digital securities of Fantasy Market.” The document states: “As alleged in the complaint, Lucas made numerous materially false statements in a whitepaper and online to induce investors to participate in the ICO. Among…

SEC Charges Fantasy Market Founder with Fraudulent ICO Scheme

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The United States Securities and Exchange Commission (SEC) has charged Jonathan C. Lucas, the founder of adult entertainment marketplace Fantasy Market, with orchestrating a fraudulent initial coin offering (ICO). According to the SEC complaint published on Sept. 23, Lucas received around $63,000 in cryptocurrency from more than 100 investors “through the fraudulent offer and sale of unregistered digital securities of Fantasy Market.” The document states: “As alleged in the complaint, Lucas made numerous materially false statements in a whitepaper and online to induce investors to participate in the ICO. Among…

Ethereum (ETH) Price Smashes Support, More Downsides Possible

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ETH price is under a lot of pressure and it recently broke the $202 support against the US Dollar. The price is likely to continue lower towards the $195 and $192 support levels in the near term. There are two major bearish trend lines forming with resistance near $208 and $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides are likely to be capped near the $210 level. Ethereum price is extending its decline versus the US Dollar and bitcoin. ETH…

SEC Charges Adult Entertainment Token Platform With 2017 ICO Fraud

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The U.S. Securities Exchange Commission charged Jonathan Lucas, 27, the CEO of online adult entertainment marketplace, with running a fraudulent initial coin offering (ICO) scheme. According to the SEC’s lawsuit, the company claimed that investors could purchase its token and use them to request certain actions in a live adult performance on the platform. “Fantasy Market is a role-playing performance marketplace for live, client-controlled digital performances,” according to the company’s LinkedIn profile. “Through the use of our tokens, you control what the performers say and do during the show.” All…