Day: July 6, 2020

Monetary Authority of Singapore Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19

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The Monetary Authority of Singapore (MAS) introduced Project Ubin in November 2016, along with its partnership with R3, to build a proof-of-concept project to conduct inter-bank payments using blockchain.  Project Ubin, spearheaded by the MAS, is a project exploring the use of blockchain and distributed ledger technology (DLT) for clearing and settlement of payments and securities. In the current phase, Phase 5 has experimented with the commercial viability and value of blockchain-based payments network, to test out its ability to integrate with commercial blockchain applications.  Singapore FinTech Festival 2019 saw…

The Ethereum Network Activity Surged to Levels Unseen in 2 Years

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The smart contracts giant kicked off the week on the right foot. Its price has surged over 4.60% since the weekly open to hit a high of $237.5. However, the Tom Demark (TD) Sequential indicator estimates that Ethereum could be bound for a small intraday correction before it continues rising towards the $239 resistance level.  Based on ETH’s 1-hour chart, the TD setup is currently presenting a sell signal in the form of a green nine candlestick. The bearish formation estimates a one to four 1-hour candlesticks correction. A red…

Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential Election

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Blockchain entrepreneur and former Disney child actor, Brock Pierce, is running for President of the United States this election. Pierce announced he was running during America’s Independence Day celebration on July 4, the same day Kanye West revealed his candidacy. Pierce is an advocate of technology and cryptocurrencies and he wholeheartedly believes “entrepreneurs are essential to the rebuilding of this nation.” On July 4, 2020, Brock Pierce, the child actor who starred in the classic Disney film the “Mighty Ducks” is running for President of the United States this election.…

Arca Offers The First SEC-Registered Fund Issuing Digital Securities – Blockchain News, Opinion, TV and Jobs

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US investment firm Arca has launched an SEC-registered closed-end U.S. Treasury Fund —the first product registered under the American Investment Company Act of 1940 to offer its shares as digital securities, called “ArCoin.” Learn more about and purchase ArCoin by investing in the Arca U.S. Treasury Fund: Shareholders can directly transfer ArCoin using blockchain technology, broadening the use cases within the digital ecosystem. ~ Advertisement ~ “Our announcement today is a ground-breaking and transformative step toward the unification of traditional finance with digital asset investing as this new category of…

One Metric Suggests the Impending Bitcoin “Doom” May Not Arrive

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Bitazu Capital founding partner Mohit Sorout pinpointed that the volume of Bitcoin (BTC) declined since May. While the price of the top cryptocurrency has dropped since, its volume suggests it is not entirely bearish. Due to the second rejection of Bitcoin at $10,500 this year, traders have suggested the possibility of a rounded top.   The price of Bitcoin shows a rounded top-like formation, but with declining volume. Source: Mohit Sorout The declining trend of the volume remains as a variable that might potentially prevent a steep downtrend. It could suggest…

Bitcoin Failed Breakout! Market Update and Chart Review

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BTC, ETH, ZIL, XTZ, ADA, LINK and more! Let’s take a live look at the crypto charts. Join the Node Insiders! Trading Bot Status, Trending Names, Alerts, Training videos and more! Tools made by Crypto Traders for Crypto Traders.! Learn more at: Sign up at: Learn Crypto Trading Strategies with this 4-STEP Video Course! More info at: Follow me on Twitter @nodeinvestor This is NOT financial or investment advice. Nothing I state, share, express, or allude to should be considered professional advice…

Trading Begins for New Treasury-Based, SEC-Registered Digital Security

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Per a July 6 announcement from the firm, Arca has begun trading for its new digitized security, the ArCoin. The ArCoin runs on the Ethereum blockchain and represents shares in Arca’s U.S. Treasury Fund, which is registered with the Securities and Exchange Commission and is 80% made up of U.S. Treasury securities. Arca initially filed to launch the fund in April. This story will be updated shortly. Original

Where to buy crypto in the UK

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In a recent study the FCA (Financial Conduct Authority) released it showed a growing number of people in the UK are now owning cryptocurrencies. The reported figure is that nearly 4%, or 1.9 million people in the UK are now owners of cryptocurrencies such as Bitcoin, Litecoin, Ethereum or others. Not only is the number of owners rising but awareness of cryptocurrencies is steadily on the rise too. With today only 27% of the population that still have no idea what cryptocurrencies are. That’s a decrease from last year’s number…

Tron to Set Foot Into DeFi but Fails to Impress Crypto Twitter

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Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space that will work in areas of decentralized loans and trades. Sun revealed that the project, JUST DeFi, plans to launch three new products for the decentralized finance ecosystem. The first is a lending and borrowing platform dubbed “JUST Lend.” It will allow Tron users to “earn interests and borrow against collateral.” The second product entails a decentralized cryptocurrency exchange platform named JUST SWAP while the third is a…

Binance Teams Up With Chinese Government to Build a New Digital Infrastructure in China – Blockchain News, Opinion, TV and Jobs

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The research institute part of the world’s leading blockchain and cryptocurrency infrastructure provider Binance coined Binance China Blockchain Institute has announced a strategic partnership with China state-owned Zhongshang Beidou Supply Chain Management Group (Zhongshang Beidou), a state-level model enterprise for supply chain innovation and application established by (China) Commercial Network Construction Development Center under the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC). “Blockchain technology has the proven track record of empowering traditional industries, especially in the supply chain area. The potential of blockchain technology will be fully…