Day: March 30, 2020

Santander to Extend Ripple-Powered Payments Solution to Mexico This Year

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Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020. In a Form 20-F filed with the United States Securities and Exchange Commission on March 6, the bank revealed that Mexico will be offering the service in early 2020. The One Pay FX system Based on Ripple’s RippleNet technology, One Pay FX is independent from XRP and does not need the digital currency to function, as a Santander spokesperson previously outlined to Cointelegraph.  In its Form 20-F filing — an…

Bitcoin Price Reclaims $6K as Traders Eye New BTC Futures Gap Above

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Bitcoin (BTC) swiftly retook $6,000 after losing support on March 30, as analysts eyed a potential for the price to fill a new gap in futures markets. Cryptocurrency market daily overview. Source: Coin360 BTC price gains 3% after a brief dive Data from Coin360 and Cointelegraph Markets showed BTC/USD trading at around $6,300 at press time — a rise of 2.8% on the day.  The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend. Those were short-lived, however, with Bitcoin regaining…

Roger Ver Apparently Unconcerned About Coronavirus

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Roger Ver, the prominent Bitcoin Cash (BCH) advocate and former CEO of Bitcoin.com, appears to think that the world’s reaction to the COVID-19 pandemic is disproportionate. In a tweet published on March 29, Ver tweeted a screenshot of statistics ostensibly comparing the global COVID-19 death toll with that of other illnesses — including seasonal flu, malaria and traffic fatalities — between Jan. 1 and March 25, 2020.  The screenshot was accompanied by Ver’s remark that “if YOU are worried about the coronavirus, YOU should self isolate. Leave the rest of…

BlockApps and Optimum Plan to Track Energy Usage on the Blockchain

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Blockchain-as-a-Service (BaaS) company BlockApps has partnered with software consulting firm Optimum to develop a blockchain solution for tracking energy usage. A founding member of the Enterprise Ethereum Alliance (EEA), BlockApps is the developer of a cloud-agnostic blockchain platform, STRATO, designed to serve as a flexible base layer for various business network transactions and activities. Optimum is a software consulting firm focused on the oil and gas, manufacturing and construction industries. As part of a strategic partnership announced on March 27, Optimum has now joined the BlockApps Partner Network —  a…

Block.one Hires Team Behind Prominent Block Producer EOS New York

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EOSIO developer Block.one has recruited the team behind EOS New York (NY), a high-profile Block Producer on the EOS network.  Founded in 2017, EOS NY was a one-time #1 Block Producer on EOS, but has now ceased its operations, an announcement on March 25 revealed. Speaking to Cointelegraph, EOS NY founder Kevin Rose said: “We are deeply grateful for the way the community has embraced our team over these past few years. EOS NY was shut down prior to our joining Block.one, and EOS NY was not part of our…

ConsenSys Partnering with Hitachi for PegaSys Plus Sales in Japan

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Hitachi Solutions will be the first company in Japan permitted to conduct sales of blockchain software technology company ConsenSys’ product PegaSys Plus starting on April 1. According to a March 30 press release, Tokyo-based Hitachi announced it would work in collaboration with U.S.-based ConsenSys to provide PegaSys Plus to the Japanese market. An Ethereum (ETH)-based blockchain platform, PegaSys Plus is a commercial license version of the ConsenSys product offering additional features and support.  Japanese blockchain market has potential ConsenSys Founder and CEO Joseph Lubin commented on the collaboration between the…

Bitcoin Recovering After a Sharp Decline: Here’s Why Bulls Could Fail

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Bitcoin declined sharply below the $6,200 support against the US Dollar. BTC price found support near $5,850 and it is currently recovering towards a couple of key hurdles. Bitcoin is correcting higher from the $5,846 swing low against the US Dollar. The price is showing positive signs above the $6,000 level, but there are many hurdles on the upside. There was a break above a key declining channel with resistance near $6,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face…

Ripple (XRP) Turned ‘Sell’ On Rallies: Key Resistance Levels To Watch

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Ripple is down close to 5% and it broke the key $0.1680 support zone against the US Dollar. XRP price is currently correcting higher, but it is likely to face hurdles near $0.1700. Ripple price declined below the $0.1720 and $0.680 support levels against the US dollar. A low is formed near $0.1620 and the price is currently correcting higher. There is a key bearish trend line forming with resistance near $0.1685 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to face…

Coinbase’s Retail Payment Portal Passed $200 Million in Transactions

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Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, just passed $200 million in total transactions processed over its two-year history. According to sources available to Cointelegraph, the wing of the largest crypto exchange in the U.S. reported on March 26 that the platform’s success was due in part to the 8,000 retailers currently using Coinbase for payment services. Bitcoin preferred for retail payments While the coronavirus pandemic is wreaking havoc with traditional markets, the news from Coinbase Commerce would imply consumers are still comfortable using Bitcoin (BTC)…

Ethereum Price Plunges to $125: Can Bulls Save the Day?

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Ethereum is currently declining and it broke the $130 support area against the US Dollar. ETH price is consolidating losses and upsides are likely to face hurdles near $128 and $130. Ethereum is down around 2% and it tested the $125 support zone against the US Dollar. The price is currently consolidating above $125 and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $128 on the hourly chart of ETH/USD (data feed via Kraken). A clear break below the…