Day: October 17, 2019

Binance to Add Bitcoin Cash to Its Decentralized Exchange

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Already widely available for trading across the world, bitcoin cash continues to expand into new markets and platforms. The latest venue where users can soon exchange the cryptocurrency is Binance’s decentralized exchange. The system will feature a token pegged to BCH issued on Binance Chain. Also Read: Binance Launches Peer-to-Peer Trading in China Binance DEX to List Bitcoin Cash Pegged Token The head of the world’s largest crypto exchange by volume, Changpeng Zhao, has proposed adding support for trading bitcoin cash on the decentralized exchange developed on top of Binance…

Facebook’s Libra Users Lack Clear Rights

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A member of the Federal Reserve’s Board of Governors has said that Facebook’s Libra could pose risks to consumers due to a lack of clarity over their rights with respect to the token’s underlying assets and to the system overall. Lael Brainard — who chairs the Fed’s Committees on Financial Stability, Federal Reserve Bank Affairs, Consumer and Community Affairs, and Payments, Clearing and Settlements — outlined her critique of Libra during a speech delivered at “The Future of Money in the Digital Age” forum in Washington D.C. on Oct. 16.…

Taking Cover from Brexit? Wales Set to Launch a Native Virtual Currency

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As reported earlier in the week by local news outlet BusinessCloud, Wales’ government is set to follow in the footsteps of Italy and replicate the Sardinian model (dubbed Sardex) of local digital currency and system for businesses. While we are yet awaiting the next step in the UK government’s Brexit plans, it seems the Welsh government is already carving a life-saving tunnel out of the UK-EU economic mess that might ensue Although aimed at scaling small and medium-sized enterprises (SME’s), creating a local digital currency, named Celyn, will go a…

Broadway’s Biggest Ticket Operator to Use IBM Blockchain Against Scams

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Broadway’s largest ticket operator, the Shubert Organization, is integrating a blockchain solution into its business in a forthcoming pilot targeted at combating ticket fraud. The organization, via its Telecharge and Shubert Ticketing division, has partnered with Boston-based startup True Tickets, which offers an IBM blockchain-powered mobile ticketing solution. News of the partnership was revealed in an Oct. 16 report from Fast Company. Combating ticket fraud with blockchain True Tickets, which was selected to take part in this summer’s inaugural Broadway Tech Accelerator, will see its digital ticketing service integrated into…

UN Partners With NGO to Tokenize Chocolate Bars for Equitable Trade

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The United Nations Development Programme has partnered with Dutch NGO the FairChain Foundation to use blockchain for the more equitable funding of cocoa farmers. According to an Oct. 17 report from SpringWise, the partners will launch a new chocolate bar, made with Ecuadorian-grown cocoa, together with a token-based scheme that allows consumers to contribute directly to cocoa producers.  Blockchain can “turn every product into a capitalist impact engine” As the report outlines, each bar — being marketed as “The Other Bar” — contains a QR code within its wrapper that…

Here’s How Much Bitcoin Is Currently Locked Up in Sidechains

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Almost $77 million of Bitcoin (BTC) is currently unavailable to use on the network — not because it is lost, but because it is locked up in sidechains.  Bitcoin sidechains: a nascent market Data from block explorers confirms that as of Oct. 17, a total of 9,661 BTC ($76.96 million) or a tiny 0.054% of today’s Bitcoin supply resides in three major sidechain projects. Sidechains are separate blockchains tied to a cryptocurrency’s regular blockchain, i.e. mainchain. Users can interact with it via a pegging mechanism; they send funds to and…

Bitcoin and Ether Market Update: October 17, 2019

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Reading Time: 2 minutes byGeorgi Hristov on October 17, 2019&nbspAltcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, News Digest, Price Analysis, Price pages, Ripple, Stablecoins Total crypto market cap lost $6.2 billion of its value since Monday, October 14 and now stands at $217.3 billion. Top ten coins are all in red for the last 24 hours with Bitcoin SV (BSV) and Litecoin (LTC) being the worst performers with 7.1 and 5.3 percent of loses respectively. At the time of writing bitcoin (BTC) is trading at $7,984 on the Bitstamp daily…

Bitcoin (BTC) Price Bearish Breakdown Looks Real, $7,500 Next?

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Bitcoin price is back in a downtrend with a close below the $8,000 support against the US Dollar. The price is trading below the $8,000 support and remains at a risk of more losses below $7,800. Yesterday’s highlighted major declining channel was breached with support near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct in the short term, but the $8,020 and $8,100 resistances are likely to prevent gains. Bitcoin price is declining and trading below key supports against the US…

Meet Be.cash: An Offline Bitcoin Cash Sending Tool

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On October 13, software developer Tobias Ruck showed off a demo of an offline bitcoin cash (BCH) wallet tool called Be.cash. The concept provides individuals with the ability to send and sign a BCH transaction without internet service. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance Be.cash: A Tool for Sending and Signing Bitcoin Cash Offline Since the inception of cryptocurrencies, detractors have always said that not being able to send funds offline is a weakness. The fact is that most digital currency transactions are internet-dependent but…

Delta Exchange is Stealing a March on BitMex with Altcoin Perpetuals

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From the invention of Bitcoin to the launch of the first crypto exchange to the rise of crypto derivatives, the crypto world has continued to churn out innovative products. And, the best part is that these innovations have the potential to make a significant positive impact on our world. This phenomenon is exemplified by Binance. Today Binance is the number one crypto exchange, even though it was launched only around two years ago. Binance managed to beat well-entrenched incumbents like Coinbase, Bitfinex and Bittrex through its innovative product and business…