Day: November 24, 2019

Bitcoin Price Drop to $2.5K Possible if Bulls Fail to Retake $7,350

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Bitcoin (BTC) price took a seemingly unexpected turn over the last week as the digital asset shed nearly $2,000 over the past 5 days. Last Sunday Bitcoin looked strong with a peak at $8,727 but by Friday the price found a floor at $6,776.   With a drop of 22% within just 5 days, can investors expect a bounce to reclaim the lost ground, or will Bitcoin head to new lows to close out 2019? Let’s take a look at what could happen next. Daily crypto market performance. Source: Coin360.com Why…

China’s Dive Into Blockchain, Digital ID Spurs Rest of World to Action

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News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security. Xi emphasized that blockchain development could “China gain an edge in the theoretical, innovative and industrial aspects of this emerging field.” That was the green light the Chinese blockchain startups and ongoing projects needed…

China’s Dive Into Blockchain, Digital ID Spurs Rest of World to Action

boss

News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified dozens of use cases that should be promoted: loans, health care, anti-counterfeiting, charity and food security. Xi emphasized that blockchain development could “China gain an edge in the theoretical, innovative and industrial aspects of this emerging field.” That was the green light the Chinese blockchain startups and ongoing projects needed…

Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance and Bithumb deny reports of Chinese police raids Heads were turned this week when reports suggested that Binance and Bithumb, two major crypto exchanges, have closed their offices in Shanghai following raids by Chinese police. However, not everything is as it seems, with both…

UAE-Saudi digital currency project to cut remittance costs

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UAE Central Bank governor Mubarak Al Mansouri said the UAE-Saudi digital currency project will help cut remittance costs. It will also contribute to enhancing transfers among banks and mutual trade between the two countries, Al Mansouri added on the sidelines of the Annual Conference of KSA and UAE Banks. Both countries have planned 44 joint projects under the “Strategy of Resolve”, which outlines three main axes in the fields of economy, human and knowledge, as well as politics, security and military. A large package of joint economic initiatives and programs falls under the economic…

How Bitcoin Applies to The Sovereign Individual Thesis

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Just before the internet became a massive display of human ingenuity and networking, a few individuals anticipated the emergence of tools that would help progress the end of politics and the nation states. 22 years ago, much like Nostradamus, Isaac Newton, Gerald Celente, and Carl Jung’s forecasts, a book called “The Sovereign Individual” predicted the growing autonomy of the individual but also noted the development of the world’s largest economy flourishing in cyberspace. Also read: Bitcoin Is a Viable Way to Remove the State From Your Life Cryptologic Methods Will…

Sticking to Crypto’s Core Philosophy Is the Way to Prevent Its Abuse

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When the internet was a fledgling technology, there was a lot of uncertainty. Some people thought it would amount to nothing. Clearly, they were wrong. Today, the internet is a massive, global necessity. The internet has enabled us to connect to each other around the globe, it allows us to purchase anything we want in one click, and it has given us access to all the content we could ever want. However, the internet also brought about many less-than-desirable developments. The internet enabled the government and big corporations to surveil…

Sticking to Crypto’s Core Philosophy Is the Way to Prevent Its Abuse

boss

When the internet was a fledgling technology, there was a lot of uncertainty. Some people thought it would amount to nothing. Clearly, they were wrong. Today, the internet is a massive, global necessity. The internet has enabled us to connect to each other around the globe, it allows us to purchase anything we want in one click, and it has given us access to all the content we could ever want. However, the internet also brought about many less-than-desirable developments. The internet enabled the government and big corporations to surveil…

JPMorgan’s Blockchain Products, Explained by Ex-JPM Tech Leads

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JPMorgan Chase — whose CEO, Jamie Dimon, once notably expressed skepticism over cryptocurrency — was actually one of the first financial institutions to “learn to love the blockchain.” In 2015, the bank created a division dedicated to exploring emerging technology such as blockchain. We were two of the first members of the JPMorgan blockchain team. We built some of its earliest blockchain technology and vetted other blockchain providers for the bank’s strategic investment and adoption. In this article, we’ll discuss the technology we developed during our time at the bank…

Bitcoin (BTC), XTZ, LEO, XRP, BSV

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The total crypto market capitalization slumped from close to $238 billion on Nov. 18 to a low of about $189 billion on Nov. 22. That is a drop of just over 20% within four days. However, despite the sharp fall in prices, the Bitcoin miners remain unfazed as the hash rate on Nov. 23 was close to its previous all-time highs. Cardano (ADA) creator Charles Hoskinson tweeted that the current price drop was due to the FUD created by the media news and market manipulation. He reminded the crypto community…