Day: September 10, 2020

BTC Trading at $10300, Bitcoin Price Is Up but Not Restored after Falling

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On Thursday, September 10th, the BTC rate is slightly growing, trading at $10378 USD after a recent drop. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC is trading higher today: BTC/USD Tech analysis. In Kraken, they expect the Bitcoin rate to fall in September. The BTC hashrate renewed the high again. On W1, Bitcoin  (BTC) keeps trading with an uptrend. The quotations are currently testing 61.8% Fibo, a bounce off which will signal further growth. The aim of this movement will be at 100.0%. The MACD histogram is positive, which is…

Bitcoin and Ether Market Update September 10, 2020

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The total crypto market cap added $7.2 billion to its value since Monday morning and now stands at $335.2 billion. The top ten coins were mostly in green for the last 24 hours with ether (ETH) adding 6.7 percent to its value while Bitcoin SV (BSV) lost 2.2 percent. At the time of writing bitcoin (BTC) is trading at $10,286 on the Bitstamp daily chart, while the ether (ETH) climbed up to $363. Ripple’s XRP recovered to $0.244. BTC/USD Bitcoin closed the trading session on Sunday, September 6 by climbing…

Tokenized real estate marketplace launches with $237M in assets

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Despite receiving hype as a potential killer-app for blockchain, tokenized real estate has in many ways failed to live up to its early promise. However, fintech startup Reinno has just launched an investment platform for tokenized United States commercial real estate, covering $237 million worth of property at launch. Accredited investors globally can now participate in several different offerings, including both individual assets and diversified property portfolios. All of the properties are income-producing, and including medical facilities, residential blocks and industrial buildings. The new platform will allow investors to enter…

Russian blockchain voting system shows up on GitHub

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As Russia is set to pilot a blockchain-based e-voting system, the country’s federal elections authority has provided public access to the platform’s source code. According to an official announcement by Russia’s Central Election Commission, or CEC, the source code for the e-voting system was partly released on GitHub on Sept. 7. The initial release included the source code for smart contracts and front-end elements of the e-voting platform like developer libraries and servers responsible for the vote count. According to the CEC, the internal elements of the e-voting platform are…

Swisscom Blockchain Wins Grant From Web3 to Help Toughen Polkadot’s Proof-of-Stake Network

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Swisscom Blockchain, a distributed ledger technology startup owned by telco giant Swisscom, has been awarded a grant from the Web3 Foundation to build a cloud-based protection layer for stakers on the Polkadot network. Announced Thursday, the grant will help build Swisscom Blockchain’s Kubernetes Operator for Polkadot, a way of protecting participants involved in proof-of-stake processes on Polkadot and the Kusama testnet against losing their staked tokens if the network is attacked or compromised.  Something like a distributed denial of service attack (DDoS), for instance, leads to downtime and can mean…

Buffett shunned tech for many years until now — would it buoy Bitcoin?

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Ahead of its initial public offering (IPO), Warren Buffett and Berkshire Hathaway invested in tech-cloud company Snowflake. Buffett has largely avoided tech companies for many years, investing heavily in banks. That trend is starting to change, and it might benefit Bitcoin (BTC) in the long term. Why has Buffett mostly avoided tech and is the trend shifting? Buffett has steered away from tech due to his core philosophy of value investing. Buffett likes to evaluate businesses based on cash flow, competitive advantage, and overall stability. He previously said: “The key…

Bangladesh Records First Blockchain-Based Remittance with Standard Chartered Bank

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Bangladesh has recorded its first blockchain-based cross-border remittance service. The feat was made possible as a result of a partnership between Standard Chartered Bank, bKash of Bangladesh, and Valyou of Malaysia. Per the announcement as gleaned from the Daily Star, the blockchain remittance service was facilitated by the blockchain technology from Ant Group. Through the service, Bangladeshi ex-pats in Malaysia can send wage remittance via Valyou to a beneficiary in Bangladesh who is a bKash wallet user. Standard Chartered Chief Executive Officer Naser Ezaz Bijoy: “Remittance is an important…

New Swiss laws provide solid ground for blockchain and crypto

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Swiss parliamentarians on Thursday passed a new set of finance and corporate law amendments that recognize the blockchain and cryptocurrency industry. As per a Swiss Info report, the government has amended several laws ranging from company bankruptcy to securities trading.  The new set of laws define the legalities of exchanging digital securities and also the legal process of reclaiming digital assets from companies that go bankrupt. It further defines the legal requirements for running cryptocurrency trading exchanges such that it may mitigate the risks of money laundering using cryptos. These…

Belarusian crypto exchange looks to Lithuania amid political turmoil

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Amid the ongoing political unrest in Belarus, some local cryptocurrency-related companies are reportedly setting up backup offices in neighboring countries. Currency.com, a Minsk-headquartered crypto trading company, is reportedly planning to open an office in Lithuania to provide a safe place for its employees. According to a Sept. 8 report by local news agency TUT.BY, Currency.com is offering its Belarus-based employees to “take a sabbatical” in Vilnius amid election-fueled unrest. Cryptocurrency. com CEO Jonathan Squires reportedly said that the company will maintain its offices in Minsk, while relocation is voluntary. “We…

Credit Suisse to Challenge Revolut and N26 with Its Digital Banking App

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Credit Suisse is to launch a digital banking app to rival the likes of Revolut and N26. The CSX app will feature free online banking tools, including an online debit card and other capabilities such as mortgage applications, investments and pensions. Swiss investment banking company Credit Suisse Group AG (SWX: CSGN) announced it will launch a digital banking app in October in order to compete with fintech companies like Revolut in the Swiss lender’s home market by providing free foreign transactions and fully digital wealth management. The new banking app…