Day: October 8, 2019

Facebook’s Libra Will Not Launch Before 2023

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Brad Garlinghouse, the CEO of blockchain payments network Ripple, thinks that Facebook will fail to launch its Libra digital currency before 2023.  Garlinghouse bets on a 3-year Libra delay Speaking in an interview with Fortune on Oct. 7, Brad Garlinghouse argued that regulatory pushback would continue to plague the project that was only announced in July, noting: “I would bet that Libra… let’s say, by the end of 2022, I think Libra will not have launched.” Garlinghouse also noted various problems governments have raised with Facebook around the world over…

EOS Developer Block.one Releases Version 2.0 of EOSIO Protocol

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EOS developer Block.one has announced the release of version 2.0 of the EOSIO open source protocol, according to an official press release shared with Cointelegraph on Oct. 8. EOSIO is a blockchain-based smart contract protocol used to develop and host decentralized applications (DApps). It employs a consensus model called delegated proof-of-stake. Protocol updates: smart contract efficiency and security According to Block.one’s announcement, the core of EOSIO 2.0 includes various improvements to EOS VM — a high-performance WebAssembly engine specialized for blockchain applications that enables more efficient use of system resources…

Encryption Startup NuCypher Raises Over $10M from Bitmain and Polychain

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Encryption startup NuCypher raises $10.7 Million in a simple agreement for future tokens (SAFT) from venture capital heavyweights, including Bitmain, Bitfury, Polychain Capital and others. Innovative encryption startup NuCypher has raised about $10.7 Million in what is referred to as a Simple-Agreement-for-Token (SAFT) in a financing round led by Polychain Capital and Bitmain and included VC heavyweights Y Combinator, Bitfury, Arrington XRP Capital, Notation Capital, Coinfund and other strategic investors. NuCypher’s token NU was purchased by the investors during the financing process. The $10.7 Million raised in NU tokens represents…

Investors Hint at XRP’s Dominance Against Bitcoin Amid XRP’s Price Surge

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Ripple‘s XRP token has been one of the poorest performers in the top ten cryptocurrencies in the market. XRP has shed more than 60% of its market cap year-to-date. However, XRP price’s sudden surge over the last few days has drawn investor attention back to the third-largest cryptocurrency. If we look at the weekly chart of CoinMarketCap, we can see that XRP has jumped by over 10% in just the last three days. At press time, XRP is trading at $0.27 with a market cap of just above $12 billion.…

Investors Hint at XRP’s Dominance Against Bitcoin Amid XRP’s Price Surge

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Ripple’s XRP token has gained more than 10% in just the last three days which has caused traders to turn bullish on the XRP/BTC pair. Ripple‘s XRP token has been one of the poorest performers in the top ten cryptocurrencies in the market. XRP has shed more than 60% of its market cap year-to-date. However, XRP price’s sudden surge over the last few days has drawn investor attention back to the third-largest cryptocurrency. If we look at the weekly chart of CoinMarketCap, we can see that XRP has jumped by…

‘Closer Than Ever’ to Bitcoin ETF, Says Bitwise Ahead of SEC Deadline

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Executives at Bitwise Asset Management are highly optimistic as the deadline for the United States Securities and Exchange Commission’s (SEC) decision on their proposed Bitcoin (BTC) exchange-traded fund (ETF) looms on the horizon. Days ahead of the Oct. 13 deadline, an Oct. 7 CNBC report cites Matt Hougan, managing director and global head of research at Bitwise, saying: “We’re closer than we’ve ever been before to getting a Bitcoin ETF approved.” “No more ways to postpone it at this point” As Cointelegraph reported, Bitwise filed its latest application for a…

Analysts: Ethereum Strong, May Soon Breakout Against Bitcoin

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ETH/BTC Ready to Favor Ether Bulls  At long last, Ethereum is finally showing some price strength against Bitcoin. The ETH/BTC trading pair, which has been collapsing dramatically for over a year, is purportedly starting to show signs of a bottom and impending bullish reversal. Prominent commodities trader Peter Brandt recently noted that the chart is bottoming, having started to trend above the 18-day moving average and entering an ascending triangle, which looks poised to break to the upside in the coming days. Others have echoed this optimism. Traders like Hsaka,…

Spanish City Battles Ransomware Attack as Hackers Demand for Bitcoin

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The online processes of Jerez de la Frontera, a city of more than 200k inhabitants located in southern Spain, have been crippled by a severe ransomware attack. The hackers are demanding an undisclosed amount in bitcoin and Spanish authorities are yet to pay the ransom and have instead deployed three cybersecurity experts to the area, reports Breitbart on October 6, 2019. Hackers Target Jerez de la Frontera  The Spanish city of Jerez de la Frontera, an area famous for breeding and training Andalusian horses, has become the latest city to…

Bitcoin Price (BTC) Rebounding But $8.5K Resistance Holds Key

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Bitcoin price started an upside correction above the $8,000 resistance against the US Dollar. The price is currently up around 5% and it recently tested the $8,350 area. There was a break above yesterday’s highlighted declining channel with resistance near the $8,060 level on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains and it could correct lower towards $8,150 or $8,050. Bitcoin price is currently rebounding above $8,200 against the US Dollar. However, BTC is still facing a lot of hurdles…

Bitcoin Price to Soon Recover Further: Bullish Fractal Still In Play

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On Sunday, Bitcoin (BTC) found itself suffering, with bulls failing to step in to save the cryptocurrency from falling through the ever-important $8,000 support level. The price action was so bad that by Monday morning, BTC reached $7,800 — a key level that analysts said would be a “make or break” moment for the cryptocurrency bull market. To the chagrin of bears, bulls stepped in at the 11th hour, forcing Bitcoin on a 5% recovery to $8,250. So far, this uptrend has held, with BTC finding short-term supports in and…