Day: February 6, 2020

Fidelity Leads $13M Funding Round for Israeli Blockchain Startup Clear

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Israeli blockchain startup Clear has raised $13 million in a Series A round led by Fidelity-backed Eight Roads. Clear — which develops blockchain networks for high-volume transaction systems between businesses — announced the round’s completion in a statement via TechCrunch on Feb. 5. Eight Roads is a global venture firm that originates in Fidelity’s first investment business, Fidelity Ventures.  Other participants in the Series A for Clear were the venture funds of several global telecoms leaders: Spain’s Telefónica Innovation Ventures, the Telekom Innovation Pool of Germany’s Deutsche Telekom, Hong Kong…

New Partnership Aims to Link Blockchain Communities From Africa and Asia

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Quras, a smart contract platform that enables anonymous, private-protected transactions, has partnered with non-profit association Blockchain Nigeria User Group (BNUG). According to a Feb. 5 press release from Quras, the new partnership will enable Quras to expand its community and developer base beyond Asia and to the continent of Africa ahead of its mainnet launch in early April.  BNUG, which is headquartered in Lagos, Nigeria and started in 2016, is a non-profit organization aiming to improve blockchain education, development and adoption in Nigeria and across Africa. BNUG is also a…

New Central Bank Group to Discuss Digital Currency Benefits at April Meeting: Report

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In mid-April, the chiefs of six central banks, as well as the Bank for International Settlements (BiS), will hold a meeting in Washington to discuss the potential creation of their own digital currencies, according to a report from Nikkei. The planned meeting is the first by new group formed last month amid growing concerns among financial authorities about the rise of regulated digital fiat currencies, most notably Facebook’s Libra and China’s digital yuan. In January, central banks from the U.K., Sweden, Switzerland, Canada, Japan and the EU formed the working…

SLP Token Trading Platform Cryptophyl Adds BTC Pair With Bitcoin Cash at Flat 0.15% Fee

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Digital asset exchange Cryptophyl has announced it’s launching bitcoin core (BTC) trading. The first available pair is with bitcoin cash (BCH), the platform revealed on social media this week. Trading the two major cryptocurrencies will also allow users to earn the exchange’s native token, drop. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint BCH-BTC Trading Pair Available on Cryptophyl Unveiling details about the BCH-BTC trading, Cryptophyl noted in blog post that the launch is part of what its team views as its core mission – to…

Bitcoin and Ether Market Update: February 6, 2020

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Total crypto market cap added $11.5 billion to its value since Monday morning and now stands at $273 billion. Top ten coins are all in green for the last 24 hours with Bitcoin Cash (BCH) and Bitcoin SV (BSV) leading the pack with 15.2 and 12.8 percent of gains respectively. At the time of writing bitcoin (BTC) is trading at $9,653 on the Bitstamp daily chart, while ether (ETH) climbed up to $207 and Ripple’s XRP moved up to $0.28. BTC/USD Bitcoin ended January with a 30 percent of a…

US Fed Is Exploring Potential for Digital Currency, Says Board Member

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A member of the United States Federal Reserve’s board of governors has signalled that the institution is more open to the idea of central bank digital currency than previously. Lael Brainard — who chairs several Fed committees — made her remarks during a speech at a symposium on the future of payments at the Stanford Graduate School of Business on Feb. 5. In her speech, Brainhard said the Fed was “conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential…

Bitcoin’s Uptrend Is Gathering Pace and Many Altcoins Are Surging, Too

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View Bitcoin bulls pushed prices to fresh three-month highs above $9,700, reinstating the bull view aborted by a doji candle earlier this week. The indicators on the daily and weekly charts are signaling strong bullish momentum. Bitcoin could test the psychological resistance of $10,000 in the near term. Pullbacks, if any, could be short-lived. While bitcoin’s rally has gathered pace in the last 24 hours, other major cryptocurrencies have put on a better show.  Bitcoin, the top cryptocurrency by market value, found bids near $9,100 during the Asian trading hours…

Bitcoin’s Uptrend Is Gathering Pace and Many Altcoins Are Surging Too

boss

View Bitcoin bulls pushed prices to fresh three-month highs above $9,700, reinstating the bull view aborted by a doji candle earlier this week. The indicators on the daily and weekly charts are signaling strong bullish momentum. Bitcoin could test the psychological resistance of $10,000 in the near-term. Pullbacks, if any, could be short-lived. While bitcoin’s rally has gathered pace in the last 24 hours, other major cryptocurrencies have put on a better show.  Bitcoin, the top cryptocurrency by market value, found bids near $9,100 during the Asian trading hours on…

Major Central Banks to Discuss Digital Currencies Amid IMF Conference

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Six major central banks will meet in April to discuss the development of central bank digital currencies (CBDC). The Japan Times reported on Feb. 6 that — according to a source familiar with the matter — the meeting will see the governors of several central banks discuss joint research on CBDCs. Furthermore, the group will share considerations on possible challenges such as cross-currency settlement and cybersecurity. The central banks of the European Union, the United Kingdom, Canada, Japan, Sweden and Switzerland will reportedly meet in Washington D.C., when the participants…

NEM (XEM) Gains 25% as Altcoins Follow Bitcoin’s 30% January Surge

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Altcoin investors had much to celebrate on Feb. 6 as NEM (XEM) led a resurgence in the price of many major cryptocurrencies. Cryptocurrency market daily overview. Source: Coin360 NEM hits six-month high Data from Coin360 and Cointelegraph Markets showed XEM making gains of nearly 25% overnight on Wednesday, returning above $0.06 per token for the first time since August 2019. NEM 6-month price chart. Source: Coin360 The move comes as other altcoins saw fresh gains, with several in the top twenty by market cap expanding by more than 10%. Tezos…