June 2020

Crypto Garage Launches Commercial Service for Settlenet System

June 9, 2020 boss

Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market. According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is launching commercial service for Settlenet, a settlement system using Blockstream’s Liquid Sidechain. Specializing in over-the-counter (OTC) transactions of digital assets for trading companies, crypto exchanges, asset managers and brokers, Settlenet has been in development since before January 2019, when Crypto Garage obtained regulatory approval from Japan’s Financial Services Agency (FSA) for a…

ConsenSys Starts Compliance Service Focusing on DeFi

June 9, 2020 boss

Ethereum co-founder Joseph Lubin’s firm ConsenSys is releasing a compliance service to keep an eye out on transactions conducted by DeFi companies and exchanges trading tokens issued on Ethereum. According to a Bloomberg article published on June 8, decentralized applications development company ConsenSys announced it would release a service for decentralized finance (DeFi) projects and crypto exchanges to analyze trades for tokens issued on the Ethereum network. ConsenSys’ service will be able to monitor user transactions of more than 280,000 coins issued on Ethereum, focusing on exchanges and DeFi companies.…

Bitcoin Could End Current Consolidating With A Strong Rally To $10,500

June 9, 2020 boss

Bitcoin is trading in a tight range above the $9,640 support against the US Dollar. BTC price is likely to surge higher if it clears the $9,800 and $9,880 range resistance levels. Bitcoin is trading in a positive zone above the $9,640 and $9,600 support levels. The bulls are likely aiming an upside break above the $9,880 resistance zone. There is a key bearish trend line forming with resistance near $9,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). A downside break below the 100 hourly…

Brave Partners with K-Pop’s BTS to Release Browser Exclusive to Japan

June 9, 2020 boss

Cryptocurrency-powered web browser Brave is partnering with the Korean pop group BTS and Rush Gaming to provide a limited edition release of its browser for residents of Japan. Japan’s Nikkei newspaper reported on June 5 that the Brave Browser and BTS — AKA the Bangtan Boys — have developed a browser exclusively for users in Japan. This is the first known collaboration between a privacy-based browser like Brave and a K-pop boy band. According to the Nikkei, the two aim to find a new touchpoint between idols and fans. Users…

Ethereum Network Hits Massive Milestone as Analyst Eyes 200% Rally

June 9, 2020 boss

Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing. Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data now shows that the number of Ethereum accounts has surpassed a key milestone: 100 million. Related Reading: The Ongoing Miner “Feeding Frenzy” Is Bullish for Bitcoin in the Long Run Ethereum Bags Key Milestone as…