November 6, 2019

Canadian Regulator Seizes Assets of Defaulting Einstein Crypto Exchange

November 6, 2019 boss

The British Columbia Securities Commission (BCSC) announced through a blog post that it has taken action against a Canadian crypto exchange firm called Einstein Exchange. The BCSC is an independent provincial government agency that is in charge of regulating capital markets in the Canadian state of British Columbia. The BCSC said that it has taken the steps in order to protect the customers of the cryptocurrency exchange, which had stored their funds with the exchange. On October 31, the firm announced that it was going to shut down its operations…

‘Bullish for Bitcoin’ — China Scraps Plans to Ban Cryptocurrency Mining

November 6, 2019 boss

Bitcoin (BTC) mining will not face a state crackdown in China, authorities have confirmed in new official documents. As noted by Blockstream CSO Samson Mow and others on Nov. 6, mining no longer features on a list of industries Beijing considers undesirable. “Bullish for Bitcoin” The change came via a new edition of China’s Industrial Structure Adjustment Guidance Catalog, which will take effect from the start of 2020. “China’s National Development and Reform Commission has removed #cryptocurrency mining from the list of industries they want to eliminate. Bullish for #Bitcoin,”…

Hong Kong Regulator to Unveil New Cryptocurrency Exchange Rules

November 6, 2019 boss

Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — will publish a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges today. The news, reported by Reuters on Nov. 6, was announced by Chief Executive Ashley Alder at a local fintech event. Regulatory clarity for crypto exchanges operating in Hong Kong The new requirements will detail how exchanges much approach custody, compliance such as Know Your Customer and Anti-Money Laundering rules, among other issues. “The framework will enable virtual asset trading platforms to be regulated by…

Bitcoin (BTC) Price Could Accelerate To $9.8K Unless It Breaks $9.2K

November 6, 2019 boss

Bitcoin price is holding a couple of important supports near the $9,200 level against the US Dollar. The price is likely to accelerate gains if there is a clear break above the $9,400 and $9,500 levels. There is a major breakout pattern forming with resistance near $9,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum and ripple are also trading with a positive bias above $185 and $0.2950 respectively. Bitcoin price is consolidating above key supports against the US Dollar. BTC price is likely to…

Bitcoin And Crypto Market Could Rise Steadily: BCH, Tron, XLM, ADA Analysis

November 6, 2019 boss

The total crypto market cap is holding a key support near the $240.0B and $238.0B levels. Stellar (XLM) price surged in the past few days and settled above the $0.0800 resistance. Bitcoin cash price is up more than 2% and it is approaching the $300 resistance area. Tron (TRX) price is currently correcting lower and it is approaching the $0.0195 support. Cardano (ADA) price is slowly rising and it could soon test the $0.0460 and $0.0475 resistances. The crypto market cap and bitcoin (BTC) are rising steadily. Ethereum, BCH, ripple,…

Tradewind Digital Platform Uses Blockchain to Track Provenance of Gold

November 6, 2019 boss

Tradewind Markets has launched a new system on its platform to track the provenance of its physical gold and other precious metals. On Nov. 5, Coindesk reported that Tradewind Markets, a blockchain-based digital trading platform launched its latest solution Origins. The digital tool provides supply chain provenance to buyers and sellers of precious metals. Tradewind tracks where its metal comes from According to the Tradingwind website, Origins allows customers to buy and sell physical gold and other precious metals based on individual sourcing preferences, such as mine, artisanal, recycled sources,…

Bitcoin Cash Captured 90% of October’s Crypto Spending in Australia

November 6, 2019 boss

Just recently the web portal Bitcoinbch.com reported that the number of bitcoin cash (BCH) Australian retail transactions throughout the month of September outshined every other digital currency by a wide margin. After the study, the researchers analyzed transactions for the month of October and once again BCH overshadowed the competitors when it comes to retail spending. Also Read: UK-Based Electric Bike Company Launches SLP Reward Token October’s Australian Crypto Retail Data Bitcoin Cash supporters take pride in merchant adoption and the great utility behind a peer-to-peer electronic cash system. Throughout…

Bitcoin Cash Captured 90% of October’s Crypto Spending in Australia

November 6, 2019 boss

Ripple (XRP) Price Following Uptrend Above $0.2950, Eyes $0.3100

November 6, 2019 boss

Ripple price is holding a couple of important supports near $0.2980 and $0.2960 against the US dollar. The price is facing a couple of hurdles near the $0.3020 and $0.3040 levels. There is a key breakout pattern forming with resistance near $0.3010 on the hourly chart of the XRP/USD pair (data source from Kraken). There could be a nice upward move once the price clears the $0.3020 and $0.3050 resistances. Ripple price is trading in an uptrend above key supports against the US Dollar and bitcoin. XRP price is likely…

Æternity Releases Final Hard Fork Software to Compete with Ethereum

November 6, 2019 boss

The core development team of blockchain platform Æternity announced the release of the software of its latest hard fork, namely Lima. Æternity announced in a press release published on Nov. 5 that the introduction of Lima improves the network’s virtual machines, governance and naming system. The purpose of the update explicitly described in the announcement is to challenge Ethereum and other blockchain platforms. A virtual machine ten times more efficient The press release claims that Æternity is one of the most active blockchain developer communities measured by code activity. Core…