Day: December 30, 2019

Bitcoin Post-Holiday Consolidation Opens New Opportunities for Altcoins

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Bitcoin’s market capitalization has grown by 1.4% over the past 24 hours and now stands at $ 197.1 billion. Trading volume also rose to $ 17.2 billion (+ 26.6%). The weakness of the Bitcoin consolidation made it lose a bit of dominance, which now stands at 68.08%. Bitcoin (-0.16%) uninterrupted with growth over the weekend, but with fears among buyers, while Bitcoin SV, Litecoin and Bitcoin Cash has grown by 3.5% over the past 24 hours. Also a solid momentum: Binance Coin (+ 5-15%), Ethereum (+ 4.7%) and XRP (+…

Binance.US Opens Beta Testing of iOS App to All Users

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Binance’s crypto exchange for United States-based users, Binance.US, has opened beta testing of its iOS application to all users. The exchange announced the news in a Dec. 30 tweet, revealing the successful private beta test and inviting all of its clients to participate in the iOS beta. The private beta testing phase began on Dec. 18, giving Binance.US the opportunity to address possible flaws and have them resolved before making the app available to a wider audience. Following iOS beta testing, Binance.US made it available for beta testing on Android…

Foin Token Scheme Locks Up Investors’ Money and Pumps Price

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On Dec. 15, news broke that cryptocurrency payments firm and wallet provider FoPay had acquired Estonia-based digital currency trading platform AliExchange for 1 million of its native Foin (FOIN) tokens. If one were to go by Foin’s apparent value at the time, that would make the deal worth roughly $2.1 billion. Indeed, FoPay claimed as much in the press release that it issued. But Cointelegraph has found a trail of suspicious movements in Foin’s price history, as well as a web of suspect business relationships associated with the coin’s development.…

China Is Opening Doors to Blockchain — Private and Public

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The first blockchain industrial park was opened in Shanghai’s Baoshan District in November 2016 with the goal of not only developing blockchain technology for government-related work, but also for connecting the technology with finance, insurance, real estate, intellectual property and other industries. Shortly after the launch in Shanghai, blockchain industrial parks emerged in other cities across China, such as Hangzhou, Chongqing, Suzhou and Changsha, with a total investment of more than 170 billion RMB ($24 billion) and a large amount of this funding coming from the government. With this amount…

Bitcoin Now Likely to Revisit $6Ks After Failing to Break Resistance

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Bitcoin (BTC) closed the week at $7,385, which represented a 1.71% reduction in valuation. The lows for the week were some 4.5% lower at $7,053. But a strong close meant that Bitcoin maintained the $7K handle throughout the week. Looking at performance relative to its peers, Ether (ETH) and XRP both outperformed Bitcoin last week against the United States dollar, which is counter-trend to what has been seen in recent weeks. BCH and BSV have also both notably recorded double-digit gains. As a result, BTC dominance fell around half a…

IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime

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The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours. According to a GitHub submission from an IOTA developer around late Sunday night UTC time, a bug in the node software created a “corrupt ledger state.” “There is an edge case where IRI [IOTA Reference Implementation] didn’t account for a transaction that was shared between two distinct bundles. Once it marked it as ‘counted’ in one bundle, it was ignored for the next bundle,” the GitHub post reads.…

IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime

boss

The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours. According to a GitHub submission from an IOTA developer around late Sunday night UTC time, a bug in the node software created a “corrupt ledger state.” “There is an edge case where IRI [IOTA Reference Implementation] didn’t account for a transaction that was shared between two distinct bundles. Once it marked it as ‘counted’ in one bundle, it was ignored for the next bundle,” the GitHub post reads.…

Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade

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Major cryptocurrency exchange Binance will suspend Ether (ETH) deposits and withdrawals to support the recently announced Ethereum network Muir Glacier upgrade. In a Dec. 30 blog post, Binance said that deposits and withdrawals will be suspended on the platform prior to the Ethereum network block height of 9,200,000 selected to execute the upgrade. Ether trading will not be affected While ETH trading will not be affected during the upgrade, deposits and withdrawals will be reopened once Binance deems the upgraded network to be stable. Binance noted that it will not…

Application for China’s ‘First’ Blockchain ETF Filed With Regulator

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An application for a blockchain-focused exchange-traded-fund (ETF) has been filed with China’s securities regulator, according to a disclosure from the China Securities Regulatory Commission.  The proposal, filed on Dec. 24 by Shenzhen-based asset manager Penghua Fund, is for an ETF that would track the performance of a basket of publicly-listed stocks from businesses in the blockchain sector.  If approved, the fund would be China’s first blockchain-themed ETF, according to a Dec. 26 news release from the state-run Shanghai Securities Journal (SSJ). Shanghai Stock Exchange Launches “Blockchain 50 Index” On the…

Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated Asset

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Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree. In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment. Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but…