Day: November 14, 2019

Do or Die for Ripple’s $155 Trillion Problem & Xpring Investment Aims High

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A video has surfaced on Twitter showing Ripple’s Managing Director Navin Gupta saying ‘it’s do or die’ for the $155 trillion global payments problem they are targetting. There are a lot of big numbers mentioned recently, they are not hype, nor are they outlandish or untrue they represent a real-world problem Ripple is solving in real-time. Ripple is not a normal company we are not here to have a small market share or do X do Y & make a little bit of money, we are here to make a…

Bitcoin (BTC) Price Looks Set For Another Breakdown

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Bitcoin price is extending losses and it traded below the $8,640 support against the US Dollar. The price is likely to decline further below the $8,560 and $8,500 support levels. Morning’s short term breakout pattern was breached with support near $8,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action suggests another breakdown below the $8,550 support area. Bitcoin price is declining below key supports against the US Dollar. BTC might tumble towards $8,300 or $8,200 once the bears clear the $8,550 and…

Power Ledger Completes Peer-to-Peer Solar Energy Trading Trial in India

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Australian blockchain energy firm Power Ledger and Indian electricity distribution company BSES Rajdhani Power Limited (BRPL) have completed a peer-to-peer (P2P) solar power trading trial in the country. Power Ledger announced the news in a press release shared with Cointelegraph on Nov. 14, detailing that it carried out a large-scale P2P energy trading trial in the Dwarka region, South West Delhi, which initially comprised 5-6 megawatts (MW) of already existing solar infrastructure serving an array of gated communities. Monetization of solar energy assets investments The project enabled residents with rooftop…

African Gemstones Company Enters Into Pilot Project Agreement With Credits Blockchain

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Announced on 14th October, Mina Stones, a pioneer of handcrafted African fine jewelry and a vertically integrated company, will implement Credits technology to change the current supply chain and introduce mechanisms for tracking, validation, and complete transparency through a blockchain platform.  In the structure, the gemstones that are produced at a mine site in Nigeria are traced through the blockchain as the supply chain travels from mine and smelter to required parties. An immutable audit trail is created on the blockchain, which includes corresponding data to provide evidence of the…

Coinbase Expands Reach of Visa Card in Europe, Adds 5 New Cryptos

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Coinbase has added support for five new crypto options to its Visa debit card, and also expanded availability to 10 more European nations. The U.S.-based cryptocurrency exchange announced Thursday that holders of the card can now spend XRP, basic attention token (BAT), augur (REP), 0x (ZRX) and stellar (XLM). The new options come in addition to the currently offered bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC). Coinbase customers in Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania and Sweden have now also been provided access to the…

Crypto Exchange OKEx Launches Bitcoin Futures Margined With Tether

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Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14. OKEx first announced its intention to launch USDT-settled futures trading with up to 100x leverage at the end of October. Now, after conducting a simulation that began on Nov. 5, the exchange listed the BTC/USDT offering on its trading platform. The exchange previously said that offering a stablecoin-based derivatives contract will make it simpler and more efficient for traders to navigate…

Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

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View BTC is on the defensive and may face selling pressure in the run up to the bearish crossover of the 100- and 200-day averages. Prices will likely breach the 50-day average support near $8,550 and extend losses toward $8,000 in the short term. Confirmation of the bear cross may mark an interim bottom in BTC, according to historical data. A high-volume move above a three-month descending trendline, currently at $9,200, is needed to revive the bullish view. Bitcoin risks falling below key support near $8,550, with a widely followed bitcoin…

Bitcoin Price Tests $8,500 Support as Trader Warns of Further New Lows

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Bitcoin (BTC) fell below $8,600 on Nov. 14 as its slow grind downwards continues to see new lows haunt markets. Cryptocurrency market daily overview. Source: Coin360 Bitcoin trends downwards at $8.6K Data from Coin360 shows the largest cryptocurrency hitting $8,550 on Thursday, its lowest since late October. A subsequent rebound took BTC/USD back above $8,600. Bitcoin seven-day price chart. Source: Coin360 Bitcoin has spent most of the week steadily eroding gains it made previously, first losing support at $9,000 and exiting a trading corridor that had previously kept it rangebound…

Softbank-Backed Blockchain Firm OneConnect Eyes $100M Nasdaq IPO

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Softbank-backed Chinese fintech OneConnect has filed for an Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). As Bloomberg reported on Nov. 13, OneConnect is the blockchain- and AI-focused fintech arm of Chinese insurance giant Ping An. Seeks $100 million and Nasdaq listing The report claims that the filing seeks to raise $100 million, eyeing listing on the Nasdaq Global Market or New York Stock Exchange, if approved.  Morgan Stanley, Goldman Sachs, JPMorgan Chase and Ping An Securities Group Holdings are leading the offering. OneConnect had…

Cryptocurrency Project Grin Receives Anonymous Donation of 50 Bitcoin

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Donations for newly developed projects can help them enormously in achieving their goals, and although donations made in cryptocurrency are a relatively new concept, it is being practiced across the globe. For the team of the cryptocurrency project Grin, a large donation of 50 Bitcoin(BTC)trade was made (about $430,000 at current Bitcoin price), assuring them that the project is worth it and apparently some generous people with a cryptocurrency background support it. However, this is not the first time that the cryptocurrency project has received a donation from anonymous sources.…