Day: September 25, 2019

South Korea’s Kakao Gets Its Klay Token Listen on Upbit Indonesia

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Tomorrow, cryptocurrency exchange Upbit Indonesia will list Klay, the cryptocurrency of South Korean instant messaging giant Kakao. South Korean news outlet The Korea Times reported the news on Sept. 25 noting that also UpBit Singapore is also expected to list Klay at a later date. A Kakao official pointed out: “We decided to list Klay on cryptocurrency exchanges in the respective countries, as we aim for Klaytn to become an Asia-based platform.” South Korean messaging giant’s own virtual currency Kakao is South Korea’s largest internet conglomerate, the firm manages mobile…

Facebook Buys Israeli AI Chatbot Company Servicefriend for Calibra Crypto Wallet

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Facebook has recently completed the acquisition of Servicefriend, an Israeli startup that develops AI-based chatbots. Facebook is planning to use the company’s services for Calibra customer services, a digital wallet that Facebook is developing along with its native cryptocurrency Libra. Facebook is planning to launch Libra, a stablecoin developed for peer to peer transactions, through Facebook’s bunch of applications. Along with Libra, the firm is also developing a crypto wallet called Calibra to store Libra. With the Servicefriend acquisition, Facebook is planning to provide smart chat programs to clients in…

Plummeted Bitcoin Hash Rate: Coincidence or Conspiration?

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Bitcoin’s hash rate has tumbled about 40% on September 23, which is a record. The crash remains unexplained and surprising, given that the hash rate used to move upwards and update the record high again and again. Bitcoin’s (BTC) network hash rate dipped a record 40% on Sept. 23, that pretty much shook the network. Data from Coin.dance shows that the network’s hash rate fell from over 98,000,000 TH/S to 57,700,000 TH/s. Bitcoin’s hash rate has however recovered back to almost 92,800.000 TH/s but it’s still well below its earlier…

Ethereum Price (ETH) Plunges 33% in 5-Day Spiral After 2019’s Strongest Rally

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The Ethereum price (ETH), which recorded arguably its strongest rally in 2019 from September 7 to 19 fell by nearly 33 percent within a five-day span against the U.S. dollar as the cryptocurrency market corrected. Following a strong rally, the Ethereum price dropped by more than 30 percent against the USD as the cryptocurrency market corrected (source: coinmarketcap.com) After surging from $168 to $224, the Ethereum price has retraced back to $168, erasing all of its gains throughout the past three weeks. With strong fundamentals and signs of decent growth…

Bitcoin Price Now at ‘High Risk’ of $4,000 or Lower

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Bitcoin (BTC) price is heading to $4,000 after breaking support to trigger a sudden bear market, says one of its most prominent critics. Gold bug pounces on Bitcoin price drop In a tweet on Sept. 24, gold bug Peter Schiff returned to bashing Bitcoin as it fell from $9,700 to a low of $7,990 in hours.  Subsequently correcting to circle $8,500, the recovery was not enough for Schiff, who claimed the shedding of $1,800 was just the start. “Bitcoin has finally broken below the support line of the large descending…

Bitcoin Price Sinks $1000 Slipping Below $8500, Who Is to Blame?

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Over the last one week, Bitcoin price is facing downward pressure as the world’s largest cryptocurrency slipped below its crucial support of $10,000 earlier this week on Monday, September 23. However, the fall on Tuesday was even more ruthless as Bitcoin price tanked $1500, nearly 15%, in a flash crash. On Tuesday, Bitcoin slipped from a high of $9798 to making an intraday low of $8370 as per the daily chart on Coinmarketcap. At press time, Bitcoin is 12.72% down, trading at $8541 with a market cap of $153 billion.…

Token Tech Startup Securitize Raises $14M From Nomura, MUFG, and Santander

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Securitize Team. Photo: Securitize Three of the globe’s giant banks – Nomura Holdings, MUFG, and Banco Santander – have supported Securitize, San Francisco based startup, which assists companies to tokenize their assets and securities.  Securitize which provides numerous services to support firms design blockchain-based security tokens, announced it has managed to raise a whopping $14 million in latest investment. The most recent financial round was controlled by the VC arms of the trio financial institutions from available investors that involve SeedRocket4Founders, SpiCE, and Blockchain Capital.  The crypto-based compliance network, which…

Binance Coin Price Sinks to 6-Month Low a Day After US Version Launch

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Prior to Litecoin (LTC) kicking off a 200% rally that would spread to Ether (ETH) and Bitcoin (BTC), Binance Coin (BNB) was the shepherd that signaled the altcoin herds to rally forth in what is now affectionately referred to as “altseason.” BNB far outpaced Bitcoin, Litecoin, and Ethereum as it rallied nearly 600% compared to Bitcoin’s 300% rise from $3,100 to $13,800.  The move seemed to be propelled by back-to-back Binance-supported initial exchange offerings, rising altcoin prices and an improvement in general sentiment amongst investors who finally felt the 15-month…

Bitcoin Price (BTC) Decline Far From Over, Bears Eye $7.5K

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Bitcoin price is down more than 12% and it recently broke the $8,500 support against the US Dollar. The price is currently correcting higher, but the $8,750 and $8,800 levels are preventing recovery. There is a crucial bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to resume its decline as long as it is below $8,750 and $9,000. Bitcoin price nosedived below $9,000 and tested $8,050 against the US Dollar. BTC remains at a…

Medici-Backed Blockchain Firm Wants to Unite the Coffee Industry of Honduras

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Agricultural startup GrainChain backed by Medici Ventures, the blockchain venture arm of online retail giant Overstock, plans to unite the coffee industry of Honduras by delivering its blockchain platform to a network of local stakeholders. The firm has signed several agreements with the aim of bringing the entire coffee supply chain of Honduras together on its blockchain platform, according to the press release published on Sept. 24. One of the world’s biggest coffee producers By launching the initiative, GrainChain intends to facilitate multiple processes in the coffee supply chain of…