Japan needs to keep researching a central bank digital currency, even if it won’t launch one just yet, accord to the Bank of Japan’s (BoJ) deputy governor. As per a Reuters report on Thursday, Masayoshi Amamiya said at a Tokyo seminar that if advances in payments technology arrive quickly, there may be more demand for a central bank digital currency (CBDC). As such, it’s “very important” that the bank should lay the groundwork of the technology. “The speed of technical innovation is very fast. Depending on how things unfold in…
Day: January 30, 2020
How To Start Using Bitcoin: Buying, Storing, and Spending Crypto
For the already initiated, there is a little spoken of land outside of crypto world where legions of normal people hear about Bitcoin and are interested, but don’t know where to begin. This is a problem considering the creator of Bitcoin, Satoshi Nakamoto, designed it as a peer-to-peer electronic cash system for anyone to use. Now that Bitcoin is in the news daily, and businesses and banks around the world are adopting the tech that supports it, it seems high time to better assist those interested in diving in. Also…
How To Start Using Bitcoin: Buying, Storing, and Spending Crypto for a Total Newb
For the already initiated, there is a little spoken of land outside of crypto world where legions of normal people hear about Bitcoin and are interested, but don’t know where to begin. This is a problem considering the creator of Bitcoin, Satoshi Nakamoto, designed it as a peer-to-peer electronic cash system for anyone to use. Now that Bitcoin is in the news daily, and businesses and banks around the world are adopting the tech that supports it, it seems high time to better assist those interested in diving in. Also…
Ethereum-Based Ad Firm Bidooh Sues Founders in Tech Ownership Dispute
Digital advertising company Bidooh has taken two of its former co-founders to court on accusations they stole company software. Bidooh COO Vicki Simms said in the group’s official Telegram chat on Jan. 20 that the platform had been “seriously tampered with” and that the company had taken legal proceedings against former CEO Abdul Alim and former CTO Shaz Mughal. “We continue to press on with the remaining legal steps necessary to obtain final judgment against the defendants, Abdul Alim and Shaz Mughal, and reimbursement of our costs,” Simms said. Bidooh…
US Presidential Candidate Andrew Yang Talks Crypto Ahead of Iowa Caucuses
United States Democratic presidential candidate Andrew Yang talked about cryptocurrency regulations ahead of the upcoming caucuses in the state of Iowa. During an interview with Bloomberg Politics on Jan. 29, Yang said that there needs to be a uniform set of rules and guidelines when it comes to the use of crypto assets: “Right now we’re stuck with this hodgepodge of state-by-state treatments and it’s bad for everybody: it’s bad for innovators who want to invest in this space. So that would be my priority is clear and transparent rules…
Bitcoin and Ether Market Update: January 30, 2020
Total crypto market cap added $16.4 billion to its value since Monday morning and now stands at $255.5 billion. Top ten coins are all in red for the last 24 hours with Cardano (ADA) and Binance Coin (BNB) loosing 2.4 and 2.1 percent respectively. At the time of writing bitcoin (BTC) is trading at $9,323 on the Bitstamp daily chart, while ether (ETH) stands at $173 and Ripple’s XRP hovers around $0.234. BTC/USD Bitcoin made an unexpected jump on Sunday, January 26 and closed at $8,597 while adding 3.3 percent…
Binance Poaches Huobi’s European and Latin American Business Lead
Binance, the second-largest cryptocurrency exchange by 24-hour volume, has hired an exec from one of its foremost competitor exchanges, Huobi. According to an announcement shared with Cointelegraph on Jan. 30, Binance has hired Josh Goodbody as its new director of European and Latin American growth and institutional business. Prior to joining Binance, Goodbody worked as head of Europe and Americas at Huobi, where in November 2019 he formed the Global Institutional Business department — a team and line of products specifically targeting institutional products, under which the exchange recently launched…
Former JPMorgan Exec Joins Binance as Latin American, European Director
Former Huobi counsel and regional director Josh Goodbody is shifting to a similar role at Binance, one of the world’s largest crypto exchanges by trading volume. Goodbody comes aboard as the exchange’s new director of European and Latin American Growth and Institutional Business, Binance announced Thursday. He was most recently head of Europe and the Americas at Huobi, and previously served as general counsel to State Street and vice president at JPMorgan Chase’s asset management division. According to his LinkedIn profile, Goodbody is also an adviser to Equilibrium, a DeFi…
Do or Die For Bitcoin Bears: It’s The Most Critical Period For BTC
Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500. Bitcoin price is holding a crucial support area near the $9,150 level against the US Dollar. The current technical structure above $9,000 suggests the price is preparing for the next break. This week’s important bullish trend line is intact with support near $9,210 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls seem to be eyeing…
Do or Die For Bitcoin Bears: It’s The Most Critical Period For BTC
Bitcoin corrected lower, but stayed above the $9,150 support against the US Dollar. BTC bears need to push the price below $9,150 or the price could rally above $9,500. Bitcoin price is holding a crucial support area near the $9,150 level against the US Dollar. The current technical structure above $9,000 suggests the price is preparing for the next break. This week’s important bullish trend line is intact with support near $9,210 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls seem to be eyeing…