Day: March 26, 2020

Bitcoin Price In a High Volatility Zig-zag Action, Possibly Sets a Three Month Lateral Market in the $4500 – $6500 Range

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Bitcoin Price In a High Volatility Zig-zag Action, Possibly Sets a Three Month Lateral Market in the $4500 – $6500 Range March 26, 2020 by Ramiro Burgos The COVID-19 virus has sent most of the world into lock-down causing markets of all types to fall and bounce with every new news report. The bitcoin price and cryptocurrencies have also felt this pressure as we have shown in the past weeks. So much uncertainty of how things will culminate has left the world reeling. Keep in mind the values could do something…

The Mysterious Founder of Cross-Chain Protocol Reveals His Identity

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The NULS Technical Community (NULS) has released a blueprint for Nerve Network, a cross-chain protocol. Until now, the mysterious mastermind behind the network was known only known as “Berzeck”. Vitalik’s dream come true Nerve Network is tackling the same issue as Cosmos (Atom) and Polkadot — a lack of cross-chain interoperability. This is something that Vitalik Buterin has recently lamented about: “We should put resources toward a proper (trustless, serverless, maximally Uniswap-like UX) ETH <-> BTC decentralized exchange. It’s embarrassing that we still can’t easily move between the two largest…

Is Now the Time to Invest in Bitcoin?

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With global markets tumbling out of control, will Bitcoin finally fulfill its role as a hedge asset? Is now a good time to invest in Bitcoin? CEO and co-founder of Quantum Economics Mati Greenspan and trader Michaël van de Poppe discuss how the Fed’s strategy of ‘QE to Infinity’ will help Bitcoin finally become a safe haven asset. But is now the time to buy or should you wait for further drops? Watch the full video to find out! Bitcoin’s Key Level In an article for Cointelegraph, Michaël identified $6,800-6,900…

Is Bitcoin a Safe Haven? 80% BTC Price Recovery Boosts Investor Appeal

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This week, as a $2 trillion economic stimulus package was put forth by U.S. lawmakers, the performance of major market indexes improved and the Dow registered its best day since 1933, gaining 11% after the major pullback of the last few weeks.  In the meantime, gold increased slightly over 5%. The recent market fall-out gave rise to Bitcoin (BTC) critics such as Peter Schiff claiming that “only fools are choosing Bitcoin” over gold as a safe-haven alternative in the market. Bitcoin, the best asset of the week Even though Bitcoin’s year-to-date return…

Coinbase Wallet Integrates Support for DeFi Lending Apps

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Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. While the DeFi apps were already available through Coinbase Wallet’s built-in decentralized application browser, the exchange asserts that the integration significantly increases the ease-of-use for users seeking to access DeFi protocols. The new feature will roll out for iOS this week, with Android support slated to follow in the near…

Binance Releases Its Own Debit Card, Initial Testing Will Be in Malaysia

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Binance enters the crypto debit card sector with news of an official Binance Card on March 26. Issued by Visa, the card will initially be available in South East Asia, though other regions will be unlocked soon, the company states. Like most other crypto cards, the Binance Card allows its users to spend their cryptocurrencies by converting them into fiat and piggy-backing off established debit card networks. A fairly unique aspect of the Binance Card is that its internal balance will be in cryptocurrencies, initially Binance Coin (BNB) and Bitcoin…

Blog: Community groups and COVID-19: what you need to know about data protection

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A blog by Ian Hulme, Director for Regulatory Assurance at the ICO. As COVID-19 continues to sweep across the UK, more and more people are driven to help the most vulnerable in our communities. Church groups, neighbourhood and residents associations are being set up to support the work of existing community groups, services and charities. Often, these groups need to handle sensitive personal information and share it with others. And that means taking account of data protection law. If you’ve just formed a community group, this may be the first time…

California Governor Namedrops Bitcoin in Speech About ‘Extraordinarily Bad People’

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California Governor Gavin Newsom warned the public against Bitcoin (BTC) fraudsters during his live speech about the coronavirus outbreak. On March 26, Newsom mentioned the leading cryptocurrency as part of his official speech about what measures had been taken by the state to prevent the further spread of the virus in California. Newsom went on raising the public’s awareness and understanding that “extraordinary people, who do extraordinary bad things,” are apparently taking advantage of the pandemic, and further explained: “That doesn’t just include an interface with the government, but people…

Telegram Is Losing to the US SEC, TON Community Can Launch Network Regardless

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As Telegram’s legal battle with the United States Securities and Exchange Commission continues to unfold, the U.S. authorities have convinced the judge to bar the company from issuing Gram tokens — at least in the near future. On March 24, the U.S. District Court for the Southern District of New York judge said that the SEC “has shown a substantial likelihood of success” in proving that Telegram, the firm behind the eponymous open-source encrypted messenger, distributed unregistered securities.” As a result, the federal judge granted a preliminary injunction against the…

One in Four Trading Firms Have Adopted Crypto in Some Way

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A report produced by derivatives analysis firm, Acuiti, has revealed a growing interest in listing crypto assets among institutions, despite lingering compliance concerns. The report was compiled in partnership with exchanges, Bitstamp, and the Chicago Mercantile Exchange (CME). The study surveyed 86 “senior executives from the buy-side, sell-side, and proprietary trading groups specialized in traditional derivatives trading, clearing and execution.” The report also supplemented its findings by surveying trading firms which specialize in cryptocurrencies. 26% of trading firms have adopted crypto assets in some form The report found that 17%…