Day: March 23, 2020

Alibaba Group Implementing Blockchain Technology for the World’s Largest eCommerce Site

boss

Bitcoin $6,183.19 Rank1 SymbolBTC Price$6,183.19 Changes 24h 2.09% Total Volume44,657,819,711.00 Market Cap113,994,366,737.00 Circulating Supply18,283,237.00 BTC XRP $0.154 Rank3 SymbolXRP Price$0.154 Changes 24h -0.51% Total Volume2,132,506,440.00 Market Cap6,781,504,082.00 Circulating Supply43,842,625,397.00 XRP Ethereum $129.42 Rank2 SymbolETH Price$129.42 Changes 24h 0.863% Total Volume13,265,325,871.00 Market Cap14,370,333,345.00 Circulating Supply110,215,577.00 ETH EOS $2.24 Rank8 SymbolEOS Price$2.24 Changes 24h 1.28% Total Volume2,680,656,266.00 Market Cap2,088,905,326.00 Circulating Supply934,085,581.49 EOS Bitcoin Cash $213.99 Rank5 SymbolBCH Price$213.99 Changes 24h 0.908% Total Volume3,821,928,797.00 Market Cap3,925,978,781.00 Circulating Supply18,346,427.15 BCH Tether $0.993 Rank4 SymbolUSDT Price$0.993 Changes 24h -0.67% Total Volume53,996,455,074.00 Market Cap4,273,908,950.00 Circulating Supply4,288,917,905.08…

KYC and AML Compliance for Crypto Exchanges. Guide 2020

boss

The beginning of 2020 was quite stressful for most cryptocurrency exchanges. On January 10, 2020, the 5th Anti Money Laundering (AML) Directive took effect. Some platforms announced their closure, while some threw all their strength into the struggle to meet the new requirements. This article will tell you how to win this battle. Foreword If you think we decided to write this article based on this directive alone, you are mistaken. February 2020 began with good news for the EXMO team. EXMO crypto platform has been rated top-tier in the…

HashCash Consultants to Launch ‘Corona Fund Index Cryptocurrency’

boss

HashCash Consultants plans to release the latest crypto asset promising profit potential amid the atrophying global economy and coronavirus catastrophe. On March 23, HashCash announced its upcoming “Corona Fund Index Cryptocurrency” (CFIX), which promises traders the opportunity to “earn profits even during corona-crisis induced bear market.” The press release describes the cryptocurrency as being inversely correlated to the S&P 500 through “the backing of an inverse-exchange-traded fund (ETF).” CFIX will be paired against Tether (USDT) and is slated for launch on April 2. 90% of CFIX earnings will be donated…

Telos Foundation Removes Board Member After Security and Centralization Disputes

boss

The Telos Foundation — the organization behind smart contract platform Telos (TLOS) — has taken action against two of its board members following a network security controversy. Telos is a platform that supports the creation of decentralized applications (DApps) and decentralized autonomous organizations (DAOs) running on EOS.io, the software underlying the EOS blockchain. In a blog post published on March 22, the foundation announced that it had made “appropriate adjustments to its board and various board member responsibilities” in light of recent controversial developments, as it “holds network security in…

Bitcoin Jumps 11% as Fed Commits Infinite Quantitative Easing

boss

Bitcoin surged by almost 11 percent minutes after the US central bank committed to unlimited purchasing of US Treasuries mortgage-backed securities to help its struggling economy amidst Coronavirus pandemic. “The Federal Reserve is committed to using its full range of tools to support households, businesses, and the US economy overall in this challenging time,” the bank said in a statement. “While great uncertainty remains, it has become clear that our economy will face severe disruptions. “Aggressive efforts must be taken across the public and private sectors to limit the losses to…

Bitcoin (BTC) Search Index on Baidu and Google Skyrockets

boss

Chinese search engine, Baidu has revealed that the more and more citizens are getting interested in Bitcoin, as the total search index for the blockchain-based digital asset surged by 183 percent in the last 30 days, according to a report by local news source ShenlianCaijing on March 21, 2020. Chinese Netizens Interest in Bitcoin Grow While trading in bitcoin (BTC) and other blockchain-based virtual currencies remain banned in China, the people’s interest in the flagship cryptocurrency has reportedly increased significantly in the past 30 days, partly due to the coronavirus…

P2P Exchange Paxful Teams Up With Chainalysis for Increased Overwatch

boss

Peer-to-peer exchange Paxful will add security to its operation through a partnership with blockchain analysis outfit Chainalysis. Through a new partnership, Paxful will harness specific technologies from Chainalysis. “Paxful uses the Chainalysis Reactor to conduct deep investigations and the Chainalysis KYT to monitor transactions for any illicit behavior,” Youssef said, referring to the firm’s Know Your Transaction solution — a similar acronym to Know Your Customer, or KYC, regulations. Youssef added: “Through working with Paxful, Chainalysis is evolving its policy and will evaluate P2P exchanges on a case-by-case basis before…

Legendary Silicon Valley Investor Tim Draper Bullish on Indian Blockchain and Cryptocurrency Startups

boss

Founding partner of Draper Fisher Jurvetson (DFJ), Draper Associates, the Draper Venture Network and Draper University, Tim Draper appears to be poised to back projects in India. “The Supreme Court of India and the Indian government have shown that the best ideas ultimately prevail, and just in time, because the benefits of Bitcoin and crypto over current systems will become apparent during this crisis, stated Draper.  “…I met several Bitcoin and crypto startups while I was in India last week. I hope to be able to fund a number of…

Hive Trades for 20% Premium Over Steem on Bittrex Crypto Exchange

boss

After successfully forking from the Steem blockchain, Hive (HIVE) secured a listing on Bittrex — where it is trading for a 20% premium over Steem (STEEM). In a blow to Justin Sun, the cryptocurrency market appears to have chosen which chain it believes to be more valuable after Hive forked off from Steem on March 20. HIVE trades for 20% premium over Steem On Bittrex, HIVE is currently trading for $0.193, while STEEM is changing hands for roughly $0.154 on the same platform. HIVE’s 24-volume on Bittrex of $28,500 equates…

BitMEX Slips Behind Binance and OKEx for Bitcoin Futures Trading Volumes

boss

Bitcoin (BTC) derivatives exchange BitMEX has fallen to third place in 24-hour trading volume for Bitcoin futures.  Data from Skew analytics on March 23 reveals that the derivatives giant, founded by Arthur Hayes, is reporting $2.45 billion in 24-hour futures volume, as against Binance’s $2.48 billion and OKex’s $3.08 over the same time frame. 24-hour trading volumes for Bitcoin futures contracts on major exchanges. Source: skew.com Mid-term trends Earlier this month, aggregated open interest in BitMEX’s futures contract took a steep plunge from $1.2 billion on March 12 to $745…