Day: May 11, 2020

Virtual Consensus 2020 Kicks Off with ECB Official Discussing CBDC

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Major cryptocurrency event, Consensus 2020, has officially kicked off in virtual mode. Consensus: Distributed, Cryptox’s first ever fully virtual conference, featured European Central Bank (ECB) key legal official, Yves Mersch, as the first speaker. On May 11, ECB board member Mersch delivered an exclusive keynote devoted to central bank digital currencies (CBDC), a central bank digital currency that can be used by consumers. Speaking at 6:45 a.m. ET, the ECB official outlined that the bank is mainly focused on a retail implementation of CBDC. The ECB voices its focus on…

NDN Link (NDN) Becomes the 13th Token Sale Project on OKEx JumpStart

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OKEx Jumpstart, an initiative of OKEx – a leading digital asset exchange and trading platform has announced another token sale project. The upcoming token sale of NDN Link (NDN) is set to go live on May 20, 2020, becoming the 13th project to do so on the platform. Established in January 2019, NDN Link combines Named Data Networking (NDN) protocol and blockchain technology to create a decentralized data transmission network capable of supporting next-generation internet applications and services. By using the cryptocurrency’s underlying technology, the team led by NDN Project’s…

Bitcoin Pending Transactions at Weekly Low

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As Bitcoin (BTC) halving is set to occur in less than eight hours, the blockchain is currently registering a slowdown in activity.  A mempool visualization website shows that the number of pending transactions currently sits at around 4,000 — about two blocks worth of transfers. While the blockchain is never fully cleared due to a continuous stream of new transactions, the demand appears to be low enough that the network is able to dispatch all incoming requests. This is not entirely unusual, as demand varies heavily between different times of…

BITCOIN price today, BITCOIN price prediction, Cryptocurrency Market overview for 6th April

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South Korea Sees Influx of Blockchain Platforms for Unlisted Stocks

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The South Korean blockchain space is seeing a steady stream of platforms specialized in trading for unlisted stocks, following on from a major offering from state-backed financial IT firm Koscom last year. Business Korea cites two unnamed industry sources on May 11, who have claimed that two further platforms from Kakao-backed Dunamu and PSX will be launching this September and in February 2021. Local commentators expect the provision of secure trading venues for unlisted stocks to boost investment in local start-ups, the report notes. Solid support for blockchain initiatives As…

Bitcoin, Ether, and XRP Weekly Market Update May 11, 2020

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The total crypto market cap erased $3.8 billion from its value for the last seven days and now stands at $238.1 billion. The top 10 currencies are all in red for the same time period with EOS (EOS) and Litecoin (LTC) being the worst performers with 14.2 and 13.4 percent of losses respectively. By the time of writing Bitcoin (BTC) is trading at $8,695 while Ether (ETH) is hovering around $188. Ripple’s XRP fell to $0.197. BTC/USD Bitcoin moved South to $8,912 on Sunday, May 3 after another failed attempt…

Bitcoin – Challenging $7,000 or Will Crumbling Bond Market Bring Big Price TROUBLE?

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Bitcoin Price Charts Hint at Sub-$8K After Halving Hype Fades

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The price of Bitcoin (BTC) touched $10,000 last week but crashed more than $2,000 from Saturday to Sunday as the price hit $8,100. Is the halving hype over a la “buy the rumor, sell the news” for the top-ranked cryptocurrency?  The halving is less than twelve hours away, so what can be expected from the markets with that event happening?  Crypto market daily performance. Source: Coin360 The price of Bitcoin crashes to $7,900 after halving? Unfortunately, this seems the most likely cause. The halving is usually a classic example of…

What May Happen to Bitcoin After BTC Halving Happens in 10 Hours

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As just around 10 hours are left before Bitcoin halving, many people are trying to guess what may happen to the price of BTC. Let’s have a look at teh current price movement. Bitcoin (BTC) price used to be going up since the Bitcoin halving event neared. According to the estimates, less than 10 hours are left before Bitcoin halving 2020. The world’s first cryptocurrency broke through $9,000 a few days ago on May 6th. Bitcoin (BTC) price even managed to hit $10,000 last week. As at the time of…

There’s a 77% Chance Bitcoin Trades At $10,000 This Week

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Just 72 hours ago, Bitcoin was trading at $10,100, but the cryptocurrency has since sustained a strong drop. This culminated on Saturday evening and Sunday morning, when Bitcoin crashed from the $10,000 highs to $8,100 within the span of a few hours. It was a strong drop that liquidated over $200 million worth of long positions on BitMEX, as reported by NewsBTC previously. Chart of Bitcoin’s price action from May 6 to 11 from TradingView.com. Bitcoin’s stark reversal from the highs has convinced many of a bearish case. One prominent…