Day: May 11, 2020

Donate to Help Fight COVID-19 With CoinDesk and NY Blockchain Week

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CoinDesk isn’t just hosting its Consensus: Distributed virtual conference this week – it’s also raising money for COVID-19 relief, and doing so in an innovative way. The donation project makes use of quadratic funding, the fundraising model developed by Ethereum founder Vitalik Buterin and Harvard researcher Zoë Hitzig. The method uses a simple mathematical formula that rewards matching grants to causes that attract the broadest spread of contributions across the largest number of participants — essentially enabling small donations to count just as much as large ones. CoinDesk is partnering with…

Main Barrier to CBDC Is Philosophy Not Tech, Says European Central Bank Rep

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A number of countries such as China and Sweden are already experimenting with central bank digital currencies, which are also referred to as CBDCs. The implementation of this new type of money requires a number of aspects including technology advancement and specific regulation. According to a key official at the European Central Bank, the main challenge of CBDC is philosophical rather than technological. Yves Mersch, an executive board member at the ECB, has again discussed CBDC issues at an “ask me anything” session hosted by Consensus: Distributed on Monday. At the session, the…

Crypto Market Analysis – Bitcoin, Ethereum, & Litecoin

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #bitcoin #crypto #cryptocurrencies Technical Analysis for Bitcoin, Ethereum, and Litecoin. Step by Step. ► Click Here To Subscribe: ► Read my article: ► My Technical Analysis Course: ► My Risk Management Course: ► eToro: ► Glassnode On-Chain Analytics: ► Santiment Behaviour Analytics: ► My Website: ► Follow me on Twitter: Here’s a breakdown of my analysis for Bitcoin, Ethereum, and Litecoin. Bitcoin is still below the $7,200 and nothing will change on the long-term perspective until BTCUSD managed to close on the…

Bitcoin Sees Immense Volatility in $8,000s as Halving Nears: What Analysts Are Thinking

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Since our last market update, Bitcoin has continued to plunge lower. The leading cryptocurrency just minutes ago tapped $8,180 for the third time in the past two days. BTC has since bounced off that level, indicating that this level is of some importance, rallying back to $8,450 as of the time of this article’s writing. Bitcoin price chart from TradingView.com The initial sell-off from Monday’s highs of $9,200 to $8,500 resulted in $20 million worth of liquidations. This latest leg lower from $8,500 to $8,100 catalyzed another $15 million worth…

Crypto.com Launches Plug-In for 1 Million E-Commerce Merchants on Ecwid

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Crypto.com launched a payment plug-in for Ecwid, an e-commerce platform similar to Shopify or WooCommerce. The plug-in allows merchants to accept crypto for their products. Crypto.com announced the partnership on Monday. The plug-in, called Crypto.com Pay Checkout, lets buyers pay with crypto for their products on e-commerce websites running on Ecwid, which the company claims are more than 1 million. The merchants can choose which currency they want to accept as settlement. While they can receive the cryptocurrencies directly, they can also avoid exposing themselves to volatility by letting Crypto.com…

Top Crypto Traders Predict Bitcoin Price Direction After BTC Halving

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Bitcoin’s (BTC) price has been showing extreme levels of volatility as it consolidates under a key level of $10,000. Previously, the price dropped to as low as $8,100 on May 10, merely a day before the highly anticipated mining rewards halving. Following the 20% drop, traders remain divided on where the Bitcoin price would go next with some traders believing that BTC could immediately see an upsurge to the $14,000 to $15,000 resistance area.  Historically, when Bitcoin’s price saw an extended rally, it went past key resistance levels with ease.…

Ammous and Voorhees Come to Consensus on Failures of Centralized Powers

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Saifedean Ammous and Erik Voorhees spoke at the Consensus: Distributed conference on Monday, focusing on concerns over the actions of central banks and governments in response to the current coronavirus pandemic. Both speakers expressed a belief that Bitcoin (BTC) as a nonpolitical form of money would be far better placed to see the world through the current crisis. Mass-printing fiat: bad On the fiscal stimulus measures taken by governments around the world, both men were particularly critical, with Ammous pointing out: “The hit of the addict always feels good when you first take it. It’s…

Binance.​US Launches OTC Trading Platform

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Binance’s U.S. arm has launched an over-the-counter (OTC) portal for trades worth $10,000 or more, according to an official announcement from May 11.  OTC desk and Binance.US’s requirements OTC trades are negotiated directly between the buyer and the seller and do not show up in exchange’s public order books, the cryptocurrency platform clarified in a FAQ. That allegedly allows to move large sums with better privacy and without the potential to affect the market. The OTC platform currently supports 12 cryptocurrencies as well as US Dollars (USD), although USD withdrawal…

DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda

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Singapore’s biggest bank, DBS Bank joined R3-backed Contour Network known for digitalizing global trade processes.      Previously known as Project Voltron, Contour is a blockchain-based trade finance platform, built over R3’s Corda blockchain and was founded by R3 and major global institutions, including HSBC, ING, Standard Chartered, Citi Ventures, BNP Paribas, and Bangkok Bank, Bain & Company, and CryptoBLK. DBS Bank became the first Singaporean bank to join the network.    Project Voltron in May 2018, and the project was concluded as the founding banks have decided that they…