Month: October 2019

Bitcoin Calm ahead of Federal Reserve’s Rate Cut Verdict

boss

Bitcoin held to a stable range as investors wait for the Federal Reserve to take a final call on introducing another interest rate cut. The benchmark cryptocurrency was trading at $9,171.54 as of 10:13 UTC, down 2.75 percent from the market open. At its session high, bitcoin attracted a bid of $9,431.36 on the San Francisco-based Coinbase cryptocurrency exchange. That was still more than 10 percent lower than bitcoin’s weekend high of $10,540.59, showing that the market – at best – has digested the bullish sentiments arising from China’s President…

Deutsche Börse Aims to Ease Digital Securities Transfer With New Deal

boss

The venture capital arm of German marketplace Deutsche Börse has sealed a new partnership for allowing institutional investors to obtain digital securities. Deutsche Börse pushes regulated digital securities In a press release on Oct. 30, Deutsche Börse Venture Network (DBVN) confirmed the deal with local fintech company Cashlink, the benefits of which will be available immediately. From now on, investors with DBVN will be able to complete the funding process entirely digitally using tools based on so-called distributed ledger technology, or DLT. The digital securities will automatically have the same…

Chinese Guangzhou Gov’t Unveils $140M Blockchain Subsidy Fund

boss

The Guangzhou government has announced a $140 million subsidy fund to encourage the development of blockchain initiatives. The local authorities are reportedly planning to spend 1 billion yuan ($141 million) to selectively sponsor two blockchain-related projects per year, according to a tweet of a senior exec at crypto investment holding firm Primitive Ventures. “No-coin” public chains Citing a report by Beijing-based media outlet Caijing on Oct. 30, Primitive Ventures’ co-founder Dovey Wan emphasized that the government is specifically planning to support two types of blockchain-related projects:  federated chain projects and…

Closed Russian Aluminum Plant Switches Over to Bitcoin Mining Farm

boss

Russian news outlet RBC reports that the Nadvoitsy Aluminum Plant of the second largest aluminium company in the world, Rusal, is set to reopen activity on its old site but this time as a Bitcoin(BTC)trade mining farm. The metal plant was one of the largest in Russian before it was closed last year. Following the sanctions imposed by the United States Office of Foreign Assets Control (OFAC) on Rusal, the metal plant lost a large percentage of its customer pool (since U.S. buyers accounted for the greater chunk of its…

Tokenized Carbon Credits Exchange for Airlines Launches in Singapore

boss

Carbon exchange AirCarbon launched a global tokenized carbon credits trading platform in Singapore. Business news outlet Business Times reported on Oct. 30 that the platform will allow firms such as airlines to buy and sell tokens representing carbon offset credits or Eligible Emission Units (EEUs), approved by the International Civil Aviation Organization (ICAO). The first token representing an EEU has been created today by Senior Minister of State at the Ministry of Trade and Industry Koh Poh Koon upon the platform’s launch at the Asia Clean Energy Summit 2019. The…

Bitcoin Eyes First Monthly Price Gain Since June

boss

View Bitcoin looks set to post the first monthly gain since June. The percentage rise, however, may be less than 10 percent as the daily chart is reporting signs of buyer exhaustion. A triangle breakdown on the hourly chart, if confirmed, could yield a pullback to support at $8,820. A high-volume contracting triangle breakout will likely yield a re-test of recent highs above $10,000. Bitcoin (BTC) is on track to end a three-month losing streak, having recovered from recent lows around $7,400 seen a week ago. The number one cryptocurrency…

Bitcoin Price Tests $9K as Analyst Eyes ‘Significant’ Indicator Cross

boss

Bitcoin price (BTC) was drifting towards $9,000 on Oct. 30 as the momentum behind its recent bull run appeared to wane.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin ranges prior to moving average crossover Data from Coin360 showed BTC/USD down around 3.2% on Wednesday, having spent the previous day circling $9,500.  Those levels ultimately saw rejection, with Bitcoin preparing to challenge support at $9,000 at press time. On the week, BTC/USD was still up 15%. Bitcoin seven-day price chart. Source: Coin360 Concentrating on the short term, one analyst meanwhile dismissed…

Russian Company Strives to Mine 20% of Bitcoin Supply

boss

Russian Mining Company will station the equipment for mining on the metalworking plant that is not used since August 2018.  Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian Mining Company (RMC) owned by Russian entrepreneur Dmitry Marinichev is planning to build a new facility in the northern province of Karelia. According to the local news outlet RBC, the equipment for mining will be stationed on the Nadvoitsy…

Kim Dotcom Donates K.im Bitcoin Fees to Julian Assange Ahead of $8M IEO

boss

Entrepreneur and Bitcoin (BTC) entrepreneur Kim Dotcom has revealed his new company K.im is directly supporting WikiLeaks founder, Julian Assange. Dotcom offers Bitcoin to Assange In a tweet on Oct. 29, Dotcom said 10% of K.im’s transaction fees were going towards helping Assange’s ongoing legal battle.  “http://K.im supports @Wikileaks and Julian Assange by committing 10% of our transaction fee income to Wikileaks and Julian’s legal team,” he wrote. Dotcom added:  “This may provide sufficient Bitcoin for his defense and enable Wikileaks to increase its truth-telling capabilities. Stay strong!” Assange currently…

Ontology Becomes First Project to Be Part of BiboxEurope’s Initiative to Provide Fiat Trading Capability to Quality Blockchain Projects

boss

BiboxEurope recently announced a new program to provide fiat trading capabilities for quality blockchain projects across the world. Now, the Swiss-based digital asset platform has selected the very first project in the form of Ontology to be listed under this initiative. According to BiboxEurope announcement, the listing of Ontology’s token – ONT goes live today following which users on the platform can start trading it against EUR and CHF on October 31. The platform states that the initiative to offer fiat trading capabilities to deserving blockchain projects was designed to…