May 12, 2020

In Apparent First, SEC-Approved Security Token Offering Seeks Listing on Coinbase

May 12, 2020 boss

Shortly after sealing an approval from the United States Securities and Exchange Commission for its security token offering, Singaporean blockchain project BitcoinHD (BHD) is seeking a listing on major exchange Coinbase. On March 30, the SEC had approved BHD’s blockchain-based STO under what is known as a Form D exemption. Form D is a short registration form in which a company discloses essential information for prospective investors in its securities issuance. The form is notably much shorter than the lengthy reports that are required for the sales of a non-exempt…

Third Bitcoin Halving Happens, BTC Hovering Around $8700 Now

May 12, 2020 boss

With the latest Bitcoin halving, the BTC mining rewards have reduced from 12.5 BTC to 6.25 BTC. Since its last halving in 2016, the BTC price has appreciated 1200% so far until the third event. Well, the much-awaited event of the crypto community aka the Bitcoin halving 2020 is finally here. At 19:23 UTC on May 11, miners finally rushed to mine the 630,000th block, thereby triggering the programmed halving event. Bitcoin halving is basically a programmed event in the Bitcoin algorithm that occurs every 210,000 or roughly every four…

IBM Blockchain to Offer Decentralized Smart Contract Option

May 12, 2020 boss

IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters. The blue-chip IT firm said last week that the IBM Blockchain Platform would carry over the changes in Hyperledger Fabric 2.0 – its base layer – claiming it “vastly improves” overall security and usability. As well as improving performance and data privacy, IBM said in a blog post that the upgrade would completely change the platform’s smart contract governance. “IBM Blockchain Platform…

Tether USDT Surpasses XRP as the 3rd Largest Cryptocurrency

May 12, 2020 boss

Tether’s (USDT) has just surpassed XRP in market capitalization, becoming the third biggest cryptocurrency in the moments leading into the Bitcoin halving. Sitting with a market cap of $8.79 Billion it is now bigger than XRP, whose market cap is roughly $8.6 billion. USDT is currently second only to Ether (ETH) as the largest altcoin in the cryptocurrency market. The market cap rise comes as a result of the constant increase in the supply of USDT, the majority of which circulates on the Ethereum blockchain. There have also been huge…

Ripple (XRP) Signaling Bearish Continuation Until Bulls Overpower $0.20

May 12, 2020 boss

Ripple traded to a new weekly low at $0.1849 and currently correcting higher against the US Dollar. XRP is likely to face a major resistance near the $0.2000 and $0.2050 levels. Ripple is showing signs of an upside correction from the $0.1850 swing low against the US dollar. The price is currently trading above $0.1920, but it is facing many hurdles near $0.2000. There is a major declining channel forming with resistance near $0.1960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could rise…

Technical Factor Shows XRP on Verge of Retesting “Black Thursday” Lows: Analyst

May 12, 2020 boss

All cryptocurrencies have suffered over the past few days, but XRP’s performance has been especially poor. From its $10,100 peak established late last week, Bitcoin is down 13% as of the time of this article’s writing. XRP, on the other hand, has shed more than 18% over that same time frame, underperforming most of its altcoin ilk. It is an underperformance that has a top analyst fearing a deeper retracement in the coming weeks. In fact, the trader suggested that there is a possibility that the altcoin retests the price…

Cryptocurrency LINKchain – Understanding PRICE Action and Trading Plan

May 12, 2020 boss

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Crypto Exchange ErisX Launches First US Ether Futures Contracts

May 12, 2020 boss

Chicago-based crypto exchange ErisX has notified its members and participants that it will start offering trading on Ether futures in the United States. According to a company blog post on May 11, ErisX said individual and institutional investors will be able to access futures contracts based on Ethereum (ETH)-USD with monthly and quarterly expirations. The crypto exchange will introduce standardized futures contracts regulated by the Commodity Futures Trading Commission (CFTC) on its existing infrastructure. ErisX said miners, speculators, hedgers, and businesses running on ETH would benefit from the additional “investors,…