On 15 November, during an interview for CNBC journalists, Tom Lee gives price prediction to set some fire. Cryptocurrency will show its potential as a “network value asset”, according to Tom. He said Bitcoin is similar to FAANG stocks that represent the top companies of the U.S. economy: Facebook, Apple, Amazon, Netflix, and Google. By referring to the shares of the companies above, Tom inkles that cryptocurrencies are gaining their value from supportive crowds: “Cryptocurrencies are network value assets, meaning the more people hold the asset, the greater the value. It’s…
Day: November 15, 2019
JPMorgan Automates Derivatives Margin Payments With Blockchain Tech
Major global investment bank JPMorgan has developed a new blockchain-based solution for derivatives designed to speed up cash and collateral transfers. The tool was developed in partnership with California-based fintech firm Baton Systems and aims to enable the real-time movement of transfers to multiple clearinghouses, the firm announced Nov. 14. The current process requires collateral custodians to manually coordinate multiple systems and reports. Integrated with JPMorgan’s proprietary automation system, the new solution reportedly eliminates manual intervention in the collateral process and therefore expedites the collateral workflow. According to the announcement,…
Hong Kong’s New Criteria on Crypto Exchanges Actually Isn’t Important
On Nov. 7, Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, said at a conference that a new framework for crypto exchanges will be implemented. Almost immediately after the announcement, Reuters reported that a crypto exchange based in Hong Kong called OSL became the first to apply for a license with the SFC. While the introduction of a license for crypto exchanges by the government of Hong Kong is widely viewed as positive reinforcement for the growth of the crypto sector in Asia, some view…
Hong Kong’s New Criteria on Crypto Exchanges Actually Isn’t Important
On Nov. 7, Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, said at a conference that a new framework for crypto exchanges will be implemented. Almost immediately after the announcement, Reuters reported that a crypto exchange based in Hong Kong called OSL became the first to apply for a license with the SFC. While the introduction of a license for crypto exchanges by the government of Hong Kong is widely viewed as positive reinforcement for the growth of the crypto sector in Asia, some view…
Chinese VeChain Tea Traceability Platform Gets Official Seal of Approval
A tea traceability platform powered by VeChain received an official endorsement from the Shuangjiang county government at its launch on Nov. 13. VeChain partnered with leading tea producers in the region to implement the traceability platform. The entire lifecycle of a tea brick from raw material to the consumer will be recorded on the VeChainThor blockchain, which customers can access by scanning a QR code or NFC tag with their smartphone. The Pu’er Tea Traceability Platform is one of the first third-party platforms to index into the National Important Products…
OKEx Jumpstart Lists ROAD for its 9th Token Sale, Went Live on November 14, 2019
OKEx, the leading global cryptocurrency platform through its OKEx Jumpstart initiative is in the process of extending its support to ROAD – a “Distributed Internet of Vehicles” economic system through its 9th token sale, set to go live on November 14, 2019. During the token sale event, the ROAD platform’s namesake ROAD tokens will be made available to the OKEx community, followed by spot trading support. ROAD is a blockchain technology-based auto ledger solution that covers full life-cycle interaction and accounting systems for automobiles. The auto ledger is an internet-of-vehicles…
Binance Adds Support for Turkish Lira and Bitcoin, XRP, Ether Trading Pairs
Binance cryptocurrency exchange has added support for buying Bitcoin (BTC) and other cryptocurrencies with the Turkish lira through its local digital wallet partner Papara. The exchange unveiled the addition on its website on Nov. 15, one week before CEO Changpeng Zhao’s (CZ) visit to Turkey. According to the website, Turkish users are now able to exchange lira for BTC, Ether (ETH) and XRP through their Papara digital wallets. Upon a request from Cointelegraph, Binance declined to comment beyond acknowledging the soft launch of Turkish Lira support. Per the official website,…
John McAfee’s New Defying Cryptocurrency: Epstein Didn’t Kill Himself (WHACKD)
The famous (and infamous) computer programmer, businessman and now a prominent cryptocurrency commentator, John McAfee, has re-entered the crypto world by launching a new cryptocurrency called “Epstein Didn’t Kill Himself” with the subtle ticker name WHACKD. The cryptocurrency project, WHACKD, is first of its kind and outshines John McAfee’s earliest eccentric projects. Revealed in a series of tweets, McAfee claims that nothing like WHACKD “has been seen before.” McAfee said that the recipient of one out of every 1000 transactions will lose the entire transaction. “The tokens are instead sent…
Paypal’s Pornhub Snub Pumps Verge (XVG) by 33% on 168% Volume Surge
Verge (XVG) has seen a 33% pump in the 24 hours following Paypal’s move to pull the plug on the adult entertainment website Pornhub. XVG — whose creators struck a deal with Pornub back in April 2018 — has skyrocketed in value since the PayPal news broke on Nov. 14, as Coin360 data shows. XVG price 7-day chart. Source: Coin360 168% increase in 24h trade volume The XVG network uses anonymity-focused networks such as Tor and I2P, as well as additional layers of encryption to bolster security. It ranks 66th…
Bitcoin Price Back ‘On the Edge’ Says Trader After $8.8K Rejection
Bitcoin (BTC) staged a dramatic breakout of its weekly trading corridor on Nov. 15, but selling pressure rejected an attempt to break $9,000. Cryptocurrency market daily overview. Source: Coin360 Bitcoin fails to break resistance at $9K Data from Coin360 shows BTC/USD suddenly moving upwards on Friday, hitting $8,800 in minutes from previous levels closer to $8,550. The bullish momentum failed to last, however, with Bitcoin returning to lower levels below $8,600 just thirty minutes later. At press time, BTC/USD was trading at around $8,580, having come full circle in under…