Day: September 7, 2020

Binance Card Does Not Give Up Its Plans to Come to Russia

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As the Binance Card represents a crypto payment tool by design, the product’s functioning in Russia also raises a number of questions. World’s biggest Bitcoin and altcoin crypto exchange by volume Binance decided not to give up its plans of launching the Binance Card in Russia in spite of the imminent ban on crypto payments in this country. Binance is speeding up the arise of its crypto debit card in Russia according to a senior executive Gleb Kostarev. Kostarev, who is a Binance’s head of operations for Russia and the…

SoftBank Shares Plunged 7%, Down 2% Now

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The decline recorded in the tech stocks in the past week appears to have spiked fears amongst SoftBank’s investors. The shares of Japanese multinational conglomerate holding company SoftBank Group Corp (TYO: 9984) have plunged by about 7% amid upturned stock bets which unnerved the company’s investors. The conglomerate’s bets on equity derivatives pegged to listed technology companies have made the investors uncomfortable amid the incessant market decline. As reported, the Chief Executive of SoftBank Group Masayoshi Son has a wild risk appetite when as it relates to tech stocks and…

Tagion Announces The Release Of Its Alphaone Test Network – Blockchain News, Opinion, TV and Jobs

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Visionary and new monetary and banking system, Danish startup Tagion, has released its public AlphaOne test network. Tagion CEO and co-founder Theis Simonsen said: “We’re proud to launch the AlphaOne network, and the Tagion community has been looking forward to getting their hands on a working model and seeing in particular how our high-throughput, network capacity, and virtual engine perform.” ~ Advertisement ~ This milestone delivers Tagion to the hands of developers and next-generation economic visionaries in order to craft a platform for nearly instantaneous money transfers through a network…

Bitcoin is shaky but medium-term bull case intact: on-chain analyst

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The price of Bitcoin (BTC) declined below $10,000 for three consecutive days. Despite the weakness in BTC’s short-term trend, an on-chain analyst says mid-term bullishness is intact. The weekly chart of Bitcoin. Source: TradingView.com Within five days, the price of Bitcoin slipped from $11,462 to $10,000, recording a 12.6% drop. Gold has also struggled to rebound from fading momentum, which coincides with the recovering U.S. dollar. How is a bullish Bitcoin outlook still intact? According to Willy Woo, an on-chain market analyst, local on-chain indicators are turning bullish. On-chain indicators…

Bitcoin, Ether, and XRP Weekly Market Update September 07, 2020

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The total crypto market cap lost $48.5 billion of its value for the last seven days and now stands at $323,7 billion. The top 10 currencies were all in red for the same period with Polkadot (DOT) and ChainLink (LINK) being the worst performers with 26 and 26.2 percent of losses respectively. By the time of writing bitcoin (BTC) is trading at $10,080 while ether (ETH) dropped to $340. Ripple’s XRP moved down to $0.235. BTC/USD Bitcoin moved up to $11,706 on Sunday, August 30 and hit the 26-day EMA…

‘Bitcoin Pope’ faces up to 10 years in jail for running two crypto scams

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A securities regulator in the United States, the Texas State Securities Board (TSSB), has detected another batch of alleged cryptocurrency scams. On Sept. 3, Texas Securities Commissioner Travis J. Iles entered an Emergency Cease and Desist Order against two alleged crypto scam schemes known as Forex Birds and PEK Universe. The published order names Kumar Babu Bondesi and Darwin Eric Balusek as the alleged operators of the schemes. According to the TSSB, Balusek is also known under the nickname “Bitcoin Pope.” Operating abroad, the respondents are accused of fraudulent securities…

LINK Price Jumps 20% Despite Bearish Market Bias; What’s Next?

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LINK was among the biggest crypto gainers in the last 24 hours as its price jumped 20 percent. The Chainlink token rose to $13.40 before correcting lower on intraday profit-taking sentiment. As of the early Monday session, LINK/USD was trading at $12.50, just above the technical support offered by its 50-day simple moving average (the blue wave). Chainlink starts the week correcting lower. Source: TradingView.com On a broader outlook, LINK/USDT is trading downwards in a Descending Channel, confirmed by at least two lower highs and lower lows. The downside began…

Tech Mahindra to build multiple blockchain solutions on Amazon’s blockchain

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The Indian IT giant Tech Mahindra is planning to build and deploy an array of blockchain solutions on Amazon Managed Blockchain in the next 12 to 18 months. According to a report by The Economic Times on Sept. 7, the technology giant has collaborated with Amazon Web Services and other organizations to deliver its blockchain solution to its customers worldwide.  Tech Mahindra, the subsidiary of the Indian conglomerate, Mahindra Group, will work on blockchain solutions for the aviation, telecom and healthcare sectors while also pursuing projects for its banking and…