Day: March 17, 2020

US Takes Regulatory Steps for Blockchain Technology Adoption

boss

The United States’ concerns about the rise of cryptocurrency use in illegal activities have only been growing as developments in the space continue to push the envelope. There is a global race to launch stablecoins that could be potentially utilized by more than half the world’s population. Meanwhile, Facebook is committed to launching a Libra stablecoin that is regulatorily compliant and can be used by over 2.5 billion Facebook subscribers. Russia is leading the world’s first multinational stablecoin initiative along with the Eurasian Economic Union and BRICS countries, which could…

BitMEX Explains Why Bitcoin Nearly Hit $0 Last Week, Pays Out $200K

boss

The meltdown at derivatives giant BitMEX, during which Bitcoin (BTC) fell to $3,600, has seen the company payout compensation worth a modest $200,000. In a blog post about the event, which occurred on March 13, BitMEX blamed “two DDoS attacks” for crashing its platform. Ethereum traders see 40 BTC refunded Coming at a time of intense volatility across Bitcoin markets, a botnet managed to consume hardware resources, ultimately causing BitMEX to fail altogether and go offline for around half an hour.  As a result, many users claimed that they had…

Bitcoin Cash Meetups Go Virtual in Japan to Prevent Coronavirus Spread

boss

Japan’s crypto community has found a way for those seeking to avoid crowded places to still participate in meetups across the country.  According to sources available to Cointelegraph, Bitcoin Cash (BCH) meetup groups in Osaka and Tokyo will be allowing members to virtually chime in at regularly scheduled events. Though Japan has less than 1000 reported cases of infection, companies and organizers in the birthplace of crypto are starting to offer more suggestive language in announcements to curb the spread of the disease. Namely, that people should work from home,…

Bitcoin Above 100 SMA Could Spark A Fresh Run Towards $6,000

boss

Bitcoin is currently rising and showing positive signs from the $4,350 swing low against the US Dollar. BTC price is likely to accelerate higher towards $6,000 if it settles above the 100 hourly SMA. Bitcoin is recovering nicely from the $4,350 and $4,500 support levels against the US Dollar. It is back above the $5,000 level and it is trading with a bullish angle. There is a major bearish trend line forming with resistance near $5,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

Bakkt Announces New Direct Payment Integration with Starbucks

boss

A major digital asset platform is making it even easier to order that double espresso with an extra shot. Starbucks mobile app users will soon be given the option to pay for their drinks with “Bakkt Cash.” Intercontinental Exchange (ICE), parent company of the Bitcoin derivatives provider, had declared back in August 2018 that the coffee giant was looking at retail applications for crypto payments.  Today, Bakkt President Adam White announced the new payment integration with Starbucks on Twitter: We’re also reducing payment costs for merchants which improves their bottom…

Ripple (XRP) Price and Time: Another Key Breakout Is Looming

boss

Ripple is trading nicely above the $0.1200 and $0.1300 support levels against the US Dollar. XRP price seems to be preparing for the next key break above the $0.1600 resistance area. Ripple price is currently recovering from the $0.1279 weekly low against the US dollar. It is trading above the $0.1400 resistance area, but it is facing a couple of key hurdles. There is a key bearish trend line forming with resistance near $0.1600 on the hourly chart of the XRP/USD pair (data source from Kraken). The price start a…

Ethereum Could Recover Significantly If It Clears The $130 Resistance: Here’s Why

boss

Ethereum is currently holding the key $100 support zone against the US Dollar. ETH price is slowly recovering and it seems to be eyeing a crucial upside break above $126 and $130. Ethereum is slowly recovering from the $100 support area against the US Dollar. It is trading above the $110 level, but facing a lot of hurdles on the upside near $126 and $130. Two key bearish trend lines are forming with resistance near $128 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is back…

Bitcoin.com Exchange to Sponsor Decentralized Collectible Card Game Splinterlands

boss

Splinterlands is one of the most popular collectible trading card games in the cryptocurrency scene and a successful decentralized app. To help the game attract more players, and introduce them to bitcoin cash at the same time, Bitcoin.com Exchange will be sponsoring a number of upcoming Splinterlands tournaments. Also Read: Pirate Chain Coin Now Available for Trading on Bitcoin.com Exchange Bitcoin.com Exchange to Sponsor Splinterlands Tournaments The team behind the collectible card game Splinterlands (formerly known as Steem Monsters) has announced on Monday that Bitcoin.com Exchange will be sponsoring the…

Changing the Universal Gravitation in the Financial Industry

boss

Acquiring financial knowledge is priceless nowadays and, to tell the truth, has always been. We live in times when the usage of fiat is steadily decreasing in the world’s top-GDP countries, and the cash era is meeting its end. Right now, most of the existing money in circulation is already digital, and while the digital age with the decade of e-money 2.0 steps in, one should gain a substantial understanding of how financial gravity works so as to not find themselves on the sidelines of the world of tomorrow. All…