Month: February 2020

Bitcoin Bounces Off $8.4K 4-Week Low as It Tracks Stock-to-Flow Target

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Bitcoin (BTC) price fell to its lowest levels in a month on Feb. 28 after another day’s losses underscored continued selling pressure on markets. Cryptocurrency market daily overview. Source: Coin360 BTC price clings to $8.6K Data from Coin360 and Cointelegraph Markets showed BTC/USD hit five-week lows of $8,455 on Friday. At press time, volatility abounded on exchanges, with Bitcoin shedding roughly 3.3% overnight to fluctuate around $8,600. Weekly losses totaled almost 12%. Bitcoin 1-day price chart. Source: Coin360 Analysts had pinned their hopes on the largest cryptocurrency defending its 200-day…

Sony’s PS5 News Embargo Is a D*ck Move – It’s Also Genius

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So far, Sony hasn’t revealed much information about the PS5. Fans have been trawling the internet for any scraps of information that they can find. Sony should really just give us something at this point, even if they can’t do the big reveal event they planned. It’s difficult to be excited about a console we know nothing about. That’s the problem that is currently facing the PS5. While we actually know a fair amount about the Series X, Sony has been very tight-lipped about their upcoming ‘box of wonders’. The…

Sony’s PS5 News Embargo Is a D*ck Move – It’s Also Genius

boss

So far, Sony hasn’t revealed much information about the PS5. Fans have been trawling the internet for any scraps of information that they can find. Sony should really just give us something at this point, even if they can’t do the big reveal event they planned. It’s difficult to be excited about a console we know nothing about. That’s the problem that is currently facing the PS5. While we actually know a fair amount about the Series X, Sony has been very tight-lipped about their upcoming ‘box of wonders’. The…

Tether Calls Market Manipulation Allegations ‘Reckless and False’

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Once again, Tether has ridiculed and dismissed allegations that it used its USDT stablecoin for manipulating Bitcoin’s (BTC) price. In a statement sent to Cointelegraph on Feb. 28, iFinex, the firm behind Tether, states that the claims in the market manipulation lawsuit against the firm are “reckless and false.” The statement reads: “The allegations in the complaint are without merit or legal basis, and exhibit a fundamental lack of understanding of the market structure of cryptocurrencies. Indeed, it is reckless and false to allege that USDT tokens are issued in…

KuCoin’s New Instant Exchange Service Supports Near Instant Crypto Transactions

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KuCoin, the leading global cryptocurrency exchange backed by IDG Capital has now launched its Instant Exchange service that allows users to exchange some of the top crypto assets like BTC, ETH, LTC, XRP, BCHABC and USDT within seconds. Created by KuCoin in collaboration with a top quantitative market maker of the Chicago Mercantile Exchange (CME),  the Instant Exchange service offers a huge advantage over traditional crypto-to-crypto trading solutions when it comes to order completion and settlement. Whenever users submit an order on Instant Exchange, KuCoin and its partner will find…

ICO Codes of Conduct and Certification schemes open for business

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Two key services to help organisations show accountability under the General Data Protection Regulation (GDPR) are up and running. The ICO has today published guidance for organisations wanting to develop GDPR Codes of Conduct or Certification schemes. From today, organisations can submit their proposals for GDPR Codes of Conduct or Certification scheme criteria to the ICO for approval. These two services will be an asset to businesses; helping both data controllers and processors demonstrate compliance with the GDPR. Ian Hulme, ICO Director of Regulatory Assurance, said: “I would encourage any…

CBDC Push Takes Ukraine Closer to Crypto Adoption

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At a press conference held on Feb. 21, a representative for the National Bank of Ukraine released the results of its much-hyped central bank digital currency project called the e-hryvnia. However, the banking institution is still not certain of the impact this financial offering will have on the country’s overall financial stability as well as on its local banking market. An official statement released by the NBU clearly states that if a massive chunk of the Ukranian population were to switch to this ambitious digital currency, the nation’s banking ecosystem…

Ukraine is Pushing to Become a Leader in the Global Crypto Landscape

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At a press conference held on Feb. 21, a representative for the National Bank of Ukraine released the results of its much-hyped central bank digital currency project called the e-Hryvnia. However, the banking institution is still not certain of the impact this financial offering will have on the country’s overall financial stability as well as on its local banking market. An official statement released by the NBU clearly states that if a massive chunk of the Ukranian population were to switch to this ambitious digital currency, the nation’s banking ecosystem…

13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances

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On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MeconCash’s retail platform MeconMall, and to pay for games that accept M.Pay rewards. According to CryptoCompare, 24-hour trade between Litcoin and won produced nearly $4.3 million in trade — comprising 0.82 percent of total trade at press time. Charlie Lee, the managing director of…

Bitcoin Fractal Indicates a Massive Price Crash to Below $3,000

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Bitcoin is at the risk of crashing below $3,000 as a historically accurate bearish indicator screams ‘sell’ for the first time since July 2019. Bitcoin eyeing deeper bearish correction after Death Cross formation | Source: CryptoHamster The benchmark cryptocurrency’s 50-weekly moving indicator slipped below its 20-weekly moving indicator on Thursday, leading to the formation of a Death Cross. Popular market analyst CryptoHamster noted that its formation last year prompted bitcoin to fall by 53 percent. In another instance from July 2015, traders had crashed the price by circa 67 percent.…