Day: December 27, 2019

Ethereum’s ‘Bazaar’ Development Model Will Pay Off in 2020

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ben Edington advises on Eth2 across ConsenSys. Prior to joining ConsenSys, he was Head of Engineering for Information Systems at Hitachi Europe. My life would be much easier if I could give you an exact date when Ethereum 2.0 will go live, if I could show you a two-year committed road map or explain precisely how cross-shard transactions will preserve DeFi composability. I’m pretty sure…

Rwanda Blockchain School to Launch in 2020 for Devs, Professionals

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The Africa Blockchain Institute (ABI) will open Rwanda’s ostensibly first blockchain school in 2020, offering five new courses for local developers, professionals and policymakers. In an interview with Cointelegraph on Dec. 26, ABI Executive Director, Kayode Babarinde, revealed that the new school has five key courses in the pipeline: a blockchain essentials certification course, a blockchain developers’ course, an enterprise blockchain course, blockchain for lawyers and blockchain for impact. Groundwork laid in Ghana Babarinde told Cointelegraph that the ABI laid the foundation for its work in Rwanda by running a…

South Korea Forms Task Force for Central Bank Digital Currency Research

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South Korea’s central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year. In its “Monetary Policy for 2020” brief, published on Dec. 27, BOK said it would continue to build on its existing research into distributed ledger technology, crypto assets, and CBDCs and to play an active role in overseeing and enhancing the security of payment and settlement systems.  Recruiting digital currency experts As part of its CBDC research agenda, BOK ostensibly plans to recruit…

Bitcoin Price Holds Above $7.1K as Trader Eyes Q1 2020 Bottom Forming

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Bitcoin (BTC) continued trading sideways on Dec. 27 after spending the Christmas period broadly free of volatility. Cryptocurrency market daily overview. Source: Coin360 BTC “relaxes” this Christmas Data from Coin360 showed BTC/USD hovering practically in the middle of its monthly range between $6,500 and $7,770.  At press time, the pair hovered at $7,180, having barely moved over the past 24 hours. The picture had remained static since a curious uptick to $7,660 fizzled earlier in the week. Bitcoin 7-day price chart. Source: Coin360 As 2019 draws to a close, traders…

Bitcoin Downside Thrust Possible Before Key Reversal

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Bitcoin price spiked towards $7,400, but it failed to retain strength against the US Dollar. The bulls need to protect the $7,120 and $7,000 support levels in the near term. There is a major bearish trend line active with resistance near $7,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could spike towards the $7,000 support area before it attempts a strong increase. Bitcoin price is holding the key $7,120 and $7,000 support levels against the US Dollar. BTC is facing many hurdles on…

Bitcoin & Crypto Market Could Rise Again: BNB, BCH, LTC, EOS Analysis

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The total crypto market cap is holding the key $182.0B and $180.0B support levels. Bitcoin price is trading above the $7,200 support and it could start a fresh increase. Litecoin (LTC) price is slowly rising and it might test the $41.20 resistance. BCH price is up 4% and it is moving higher towards the $200 resistance area. EOS price is rising and it seems like it could attempt to clear the $2.700 resistance. Binance coin (BNB) is struggling to clear the $13.50 and $13.80 resistance levels. Bitcoin (BTC) and the…

India’s Payments Platform Varja Gets the Blockchain Ball Rolling

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While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent.  After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for various payment procedures.  The NPCI is an umbrella organization for retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India and Indian Banks’ Association under the provisions…

India’s Payments Platform Varja Gets the Blockchain Ball Rolling

boss

While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Varja, to make the payment process easier, faster and more transparent.  After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for various payment procedures.  The NPCI is an umbrella organization for retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India and Indian Banks’ Association under the provisions…

Ethereum at Potentially Key Turning Point, Bitcoin Holding $7K

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Ethereum is still trading above the $122 and $125 support levels against the US Dollar. The price could start a decent increase above the $128 and $130 resistance levels. This week’s major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin spiked above $7,300, but it failed to continue higher and it is now near $7,200. Ethereum price is trading above major uptrend supports versus the US Dollar and bitcoin. ETH price must settle above $130 to start a…

Bitcoin Gained 8.9 Million Percent Over the Last Decade

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2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created. In fact, Bank of America’s recent securities report highlights that an investment of $1 in bitcoin at the start of 2010 would now be worth more than $90,000. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto…