Month: March 2020

Gaming Giant Atari to Feature in The Sandbox’s Forthcoming Blockchain Platform

boss

Iconic entertainment firm Atari is partnering with The Sandbox (TSB) on the upcoming voxel-based blockchain version of its popular user-generated content and gaming platform. In an announcement on March 27, blockchain startup Animoca Brands —  parent company of TSB Gaming — revealed that the collaboration will involve creating 3D voxel versions of popular Atari game properties. These include Asteroids, Centipede, Pong and RollerCoaster Tycoon. Scarce gaming real estate In its blockchain iteration, based on Ethereum, The Sandbox will offer users three new features shaped by the technology: a tool for…

Bitcoin Price Holding $6.5K as Media Calls New ‘Bull Market’ in Stocks

boss

Bitcoin (BTC) continued to trade near $7,000 on March 27 after traditional markets showed bullish signs and the Dow Jones had its best day in 87 years. Cryptocurrency market daily overview. Source: Coin360 BTC trades in $400 corridor Data from Coin360 and Cointelegraph Markets showed BTC/USD trading in a wide corridor between $6,500 and $6,900 overnight on Thursday. Bitcoin 1-day price chart. Source: Coin360 Having preserved support at the lower end, Bitcoin saw its third consecutive day above $6,000 as coronavirus misery appeared to abate for some parts of the…

Another Class Action Suit Brought Against Robinhood Over Platform Outages

boss

Following a series of platform outages during historic price action earlier this month, Robinhood, a popular stock and cryptocurrency trading app, now faces another class action complaint. The lawsuit, filed March 25, was brought by customer Bruce Queen, on behalf of “all Robinhood customers within the United States who were not able to execute trades on securities or change limit orders during the Outages and incurred financial losses.” Missing the biggest gain in Dow history As Cointelegraph reported, on March 2, the Robinhood suffered technical problems for the entire day,…

Getting Ready for the Altcoin Resurgence

boss

The altcoin market has been through tough times. At one point, the market lost over 90% of its value from its peak of $780 billion in January 2018. Many altcoin projects that were supposed to be “the next big thing” are nowhere to be seen today. We are experiencing first-hand the beginning of “Crypto Darwinism” in the altcoin market We see Darwinism in nature, where natural selection means only the fittest survive. We also see these same principles in capitalism — the automobile replaced the horse and carriage, email replaced…

KuCoin’s Futures Platform KuMEX Launches USDT Perpetual Contracts

boss

KuMEX, the Bitcoin futures platform developed by KuCoin, today announced that USDT Perpetual Contracts will be officially available on the exchange at around 18:00 on March 30, 2020 (UTC+8) and deposit of USDT has already been enabled. Unlike the Bitcoin (BTC) Perpetual Contracts on KuMEX, all profits, losses and account balances will be denominated in USDT. To better manage trading risks, the BTC/USDT Spot Index used by KuMEX is the volume-weighted average price of BTC/USDT across six exchanges including Binance, OKEx, Huobi and KuCoin. Also, the trading volume weight will…

Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users

boss

EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA). Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on the exchange’s 115,000 customers. Canadian tax authority requests trove of QuadrigaCX user data “The Trustee has advised CRA that its intention is to simply produce a copy of the full EDiscovery Database, redacted only for the privilege, in response to…

Blockchain Analytics Firm Coin Metrics Raises $6 Million

boss

Cryptocurrency analytics firm Coin Metrics has closed a Series A funding round worth $6 million. In a blog post on March 26, Coin Metrics said the round was led by Highland Capital Partners and the $6 million investment would be used to grow the firm’s team, expand their product offerings and “provide enhanced coverage of digital assets.” Other firms including Castle Island Ventures, Communitas Capital, Coinbase Ventures and Digital Currency Group also participated in the funding round. Coin Metrics was created in 2017 by Nic Carter and Aleksei Nokhrin as…

Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates

boss

Since dropping to $24.05 during the strong marketwide correction that occurred on March 12, Monero (XMR) has rallied 99.5% and currently trades at $49.  The recent recovery occurred on consistently strong purchasing volume and the altcoin has spent the last 10 days trading in an ascending channel.  XMR USDT 4-hour chart. Source: TradingView At the time of writing the XMR/USDT pair has pulled back slightly after touching the main trendline of the ascending channel at $50.96 but the pattern of higher lows has remained intact since March 20 even as…

Do or Die For Bitcoin Bulls: Here’s What Could Trigger A Strong Rally

boss

Bitcoin is slowly rising and trading above the $6,750 level against the US Dollar. BTC price must claim the $7,000 resistance to start a strong rally in the near term. Bitcoin is trading in a crucial range below the $7,000 resistance area against the US Dollar. Yesterday’s discussed double top pattern is still active with resistance near $7,000 and support at $6,400. There was a break above a short term contracting triangle with resistance near $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

BTC Will ‘Come of Age’ in Crisis, May Top All Time High

boss

Pantera Capital Founder and CEO Dan Morehead has predicted Bitcoin will “come of age” during the 2020 financial crisis and may top its all time high price within 12 months. The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a March 25 letter to investors examining the fallout from the COVID-19 financial crisis. Morehead offered a grim prediction for the economy and said he believes the global economy is about to enter its first ever period of negative growth. “I now believe that the recession is…