Day: November 2, 2019

Ether and Bitcoin Price Look for Direction After Last Week’s 42% Rally

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Over the past few weeks, Ether (ETH) has tracked Bitcoin’s (BTC) price action and observant traders have deftly played reversals off double bottoms and back to back bounces at the $162 and $153 support. A comparison of the daily and weekly charts of Ether and Bitcoin highlights a number of similarities, chiefly, the Doji candle set right outside the upper arm of a wedge pattern. Ether, like Bitcoin, is consolidating into a tightening range as Bitcoin cools off and searches for direction after the meteoric 42% rally on Oct. 25. …

Oct. 27 – Nov. 2 in Review

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The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany setting the pace in the European fintech scene, German banks arguing in favor of a digital euro, Austria testing how to trade electricity with blockchain technology, and the Swiss crypto trading platform Sibex securing a $1.8 million investment. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Austria: Pilot project tests local blockchain electricity trade  In a pilot project starting in November in…

Crypto News From Turkey: Oct. 24–Nov. 2

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In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Turkey, the Turkish edition of Cointelegraph launched, Binance CEO Changpeng Zhao announced that he will be visiting Turkey to speak at the Capital Market Summit in November, and a Turkish CEO is convinced that Bitcoin (BTC) ads during soccer games are the right tool to bring BTC to the masses. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Turkey. Cointelegraph opens new office in Istanbul, Turkey  On Oct. 24, Cointelegraph’s global…

Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft

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In the aftermath of the recent BitMEX data leak, lawyer and general counsel at decentralized finance startup Compound Finance Jake Chervinsky raised the question of whether exposing the public to data risks that Know Your Client (KYC) requirements entail is worth it. It is about time we reconsider KYC In a tweet posted on Nov. 1, Chervinsky calls KYC requirements “are a double-edged sword.” He explained that KYC helps law enforcement to track illegal transactions but also exposes the public to hacking, phishing and identity theft. In the end, Chervinsky…

CME Group Publishes Bitcoin Options Specifications

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In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products. Also Read: French Ministry of Education Publishes Bitcoin Resource Guide for Educators CME Group’s Bitcoin Options The global markets company CME Group has provided clients with the ability to hedge or trade benchmark options on futures across nearly every…

Gamified Participation: the Mass Adoption Solution?

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The advent of cryptocurrency and blockchain technology has spawned products and services in many industries around the world, improving existing functions and providing brand new ones. However, many otherwise novel projects fail to gain recognition due to a lack of usage. Fortunately, cryptocurrencies provide a number of creative and unique mechanisms for projects to involve their communities. With an algorithmically generated cryptocurrency, or otherwise enforced via smart contracts, there is potential for networks to incentivize their users for worthwhile interaction. This is known as “gamified participation”, where users receive coins…

SBI Major Push for XRP Mass Adoption With 61 Major Banks & Free XRP

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In a new investor report from SBI Holdings, the group intends to expand usage and push for mass adoption with new platforms and giveaways. SBI Ripple Asia, a joint venture with Ripple and a consortium of 61 Asian Banks says it will use up to 50% of RippleNet once it gets going. Considering RippleNet has been breaking daily transaction records, mainly from MoneyGram’s Mexican corridor, you can see why this will be huge. In the report, which contains SBI’s performance and strategy, the group says it is going to be…

CasperLabs Shows First ‘Provably Safe’ Ethereum PoS Protocol ‘Highway’

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Ethereum development firm CasperLabs announced “Highway,” allegedly the first correct-by-construction Casper Proof of Stake (PoS) implementation that is provably live and safe. Provably safe and live According to a press release shared with Cointelegraph on Nov. 1, a protocol is safe if it is consistent in its decision and live if it guarantees a decision. CasperLabs claims that both those features are part of Highway and that their presence is provable. The firm also released a full research paper concerning the project. Casper is the name given to Ethereum’s PoS…

Bitcoin Price Breaks $9,300 as Alts See Moderate Gains

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Saturday, Nov. 2 — most of the top 20 cryptocurrencies are reporting moderate gains on the day at press time, after Bitcoin (BTC) broke the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 2.06% on the day, trading at around $9,326 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 0.89%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, former Texas Republican congressman and presidential candidate Ron Paul received his reportedly first Bitcoin from…

Bitmain’s New IPO Attempt in Jeopardy as In-Fighting Goes Public

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In 2017, Bitmain ruled the roost and all eyes were on China, but 2018 was a barren year for cryptocurrency. Prices plummeted. Companies crumpled. The long-awaited initial public offerings of two crypto mining titans, Bitmain and Canaan Creative, failed at the final hurdle as the crypto winter humbled even the most ambitious crypto companies.  But not for long. After biding their time in the shadows, following months of rumors and tumultuous events, the two hardware behemoths are filing to go public in the United States.  Bitmain bites back  Founded only…