Day: March 9, 2020

VIX Index Shows Stocks ‘Fear’ Most Since 2008 Crisis, Birth of Bitcoin

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Bitcoin (BTC) hitting two-month lows is nothing compared to aspects of the fiat economy — some saw their worst day since the 2008 global financial crisis. As coronavirus panic gripped markets worldwide, so did intense bouts of volatility as various stock exchanges opened after the weekend. Greenspan: “investors are freaking out” On Wall Street, trading lasted just minutes on Monday morning before stocks lost so much value that risk reduction systems automatically halted all activity.  Meanwhile, the Dow Jones saw its worst day in history in terms of points, opening…

Bitcoin’s Latest Dip Below $8K Forms Big CME Gap; Could Price Bounce Back?

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Bitcoin’s big dip to below $8,000 has accelerated speculation of an extended move to the downside. But the cryptocurrency is hiding a bullish catalyst under its sleeves. So it appears, CME futures linked to the bitcoin price have formed a big gap on its daily chart. The missing candle between Friday’s close and Monday’s open has a height of about $875, with its head pointing towards near $9,060. In traditional terms, the gap could prompt Bitcoin to bounce back in the coming session, keeping traders’ bullish bias intact. BTC/USD Futures gap spotted…

Bitcoin’s Latest Dip Below $8K Forms Big CME Gap; Could Price Bounce Back?

boss

Bitcoin’s big dip to below $8,000 has accelerated speculation of an extended move to the downside. But the cryptocurrency is hiding a bullish catalyst under its sleeves. So it appears, CME futures linked to the bitcoin price have formed a big gap on its daily chart. The missing candle between Friday’s close and Monday’s open has a height of about $875, with its head pointing towards near $9,060. In traditional terms, the gap could prompt Bitcoin to bounce back in the coming session, keeping traders’ bullish bias intact. BTC/USD Futures gap spotted…

Lightning Networks Has Yet to Strike Adoption, but Don’t Count It Out

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For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that Bitcoin doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it hasn’t gained the widespread adoption that many of its earlier supporters had hoped for.  There are two main challenges. Firstly, Bitcoin is considered too slow to serve as a satisfactory medium of exchange, with transactions…

Blog: Don’t get caught out when it comes to pupil photos

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A blog by Andrew Laing, ICO Head of Data Protection Complaints We’ve issued two reprimands, which are legal warnings, recently to schools for wrongly disclosing the personal data of children. In the first case a class photograph, sent to a local newspaper by a Cheshire primary school, included the images of two pupils whose adoptive parents had refused consent for their children’s images to be shared. The second reprimand, issued to a Humberside primary school, followed a class photograph being taken and sent home to parents. The photo included the…

Crypto Industry Continues Fight Against Coronavirus With New Contributions

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The crypto community continues to help fight the coronavirus outbreak, with Binance Charity donating new batches of medical supplies to hospitals and disease control command centers. On March 9, Binance Charity announced the completion of the second phase of its philanthropic initiative dubbed “Binance for Wuhan,” wherein the company gave 6 new batches of medical supplies to 130 hospitals, medical teams and disease control command centers.  The shipment included protective suits from Israel and the United Arab Emirates, oxygen machines, gloves and protective goggles. Crypto space stakeholders in the fight…

Bittrex Global Integrates Credit Card Support, Biteeu Launches in Aus

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Bittrex global has announced the introduction of new features on its platform, including credit card support, a referral program, and upgrades to its mobile app. Credit card support will see an initial roll-out to Bittrex Global users in the United Kingdom, Germany, France, and the Netherlands. The exchange intends to launch credit card support for all international users in the future. Bittrex Global to support conditional orders on mobile app Users of Bittrex Global’s mobile app will soon be able to place conditional trade orders, such as stop-limit orders for…

Relief Bounce May Stop $7.5K Bitcoin as Global Markets Face Disaster

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A bloody Monday for the equity and oil markets, as Europe stock markets are dropping by 8%, while oil has seen a drop of 30%. But it’s not only equity markets as the crypto market is also experiencing the same pain with Bitcoin (BTC) dropping $1,500 during the weekend.  Wouldn’t it be expected to see Bitcoin move up during economic instabilities? The opposite seems so, while gold has been showing strength over the past weeks. Crypto market daily performance. Source: Coin360 Bitcoin can’t break through $9,150 and retraces to $7,500…

Traditional Markets Remain Skeptical of TZero-Backed Security Token Platform

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The Boston Security Token Exchange (BSTX) is still looking to be approved by the United States Securities and Exchange Commission.  The second amendment to its Oct. 11 filing, submitted on Feb. 19 and published on March 6, makes it explicitly clear that the security tokens will not have any role in defining ownership. BSTX is a proposed exchange platform jointly owned by Box Digital Markets and Overstock’s blockchain arm tZero. Its goal is to be the “world’s first regulated exchange to trade security tokens,” according to its website. The text…

OKEx Burns 3 Million OKB as It Continues to Expand OKChain Ecosystem

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The leading cryptocurrency spot and derivatives exchange platform, OKEx has successfully concluded its 7th buy-back & burn scheme for the platform’s native OKB utility tokens.  The latest round that started on December 1, 2019, till Feb 29, 2020, witnessed a buy-back of about 3,183,344.61 OKB tokens worth close to $17,500,000. Following the completion of the token burn, the number of OKB tokens currently in circulation has reduced further by around 3 million. In turn, the reduced supply of tokens will translate to an increased value of remaining OKB in circulation.…