Day: September 16, 2020

Bitcoin News Roundup for Sept. 16, 2020

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With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup! With the Federal Reserve’s decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action. The Bahamas’ “Sand Dollar” will likely be the world’s first live central bank digital currency (CBDC) when it launches in October.  How the business analytics chief became Wall Street’s boldest bitcoin maximalist. Agencies from 48 states are expected to unveil a framework Wednesday that will simplify and consolidate…

Binance’s crypto Visa card is now available all across EEA countries

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The world’s largest exchange, Binance, has officially announced that its cryptocurrency debit card is now available in Europe. According to a Sept. 15 blog post, the Binance Visa Card is now available to everyone in the European Economic Area, or EEA, countries. To celebrate the launch in Europe, Binance is offering up to 7% cashback from purchases with the card. According to the firm, this is the highest cashback rate available in the market to date. Binance noted that Binance Visa Card converts user crypto funds into a local currency…

These 10 Bitcoin price indicators say BTC is now a buy or ‘strong buy’

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Bitcoin (BTC) is a firm “buy” according to a range of on-chain indicators that are flashing bullish this week. Collected by on-chain monitoring resource CryptoQuant, a total of ten indicators are currently telling investors to enter the market now. CryptoQuant: Bitcoin indicators “healthy” Of the eleven items that form CryptoQuant’s market overview, eight are classified as “buy” and two as “strong buy” for Bitcoin. Only one is “neutral,” while none are “sell.” “Long-term $BTC on-chain indicators look healthy,” CryptoQuant summarized on Twitter. The two strongest buy signals come from the…

Nasdaq Launches Anti-Money Laundering AI Technology

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Shortly after reaching its all-time high, Nasdaq steps into the AML sector as it launched AI technology to detect money laundering. On the 16th of September, the Nasdaq Inc (NASDAQ: NDAQ) stock market recently unveiled plans to launch AI technology to detect fraudulent transactions. The Nasdaq’s new offering will help financial and retail institutions to easily detect illicit activity on their platforms. In the announcement, Nasdaq revealed plans to launch the AI technology to serve banks and other financial institutions. Upon the successful launch of the AI-based system, banks will be…

MSTR Stock Up 8% Today, MicroStrategy Adopted New Policy on Bitcoin

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After investing in BTC for the first time last month, MicroStrategy yesterday announced that it had purchased more Bitcoins. Business intelligence company, MicroStrategy Incorporated (NASDAQ: MSTR), is leading in the list of companies that have adopted Bitcoin as their reserve currency. Earlier last month, the company expressed its belief that the virtual currency powered by a public blockchain is superior to cash over the long term, claiming it to be a “reasonable hedge against inflation.” After investing in Bitcoin for the first time earlier last month, MicroStrategy yesterday announced that…

Crypto Price Analysis September 16: BTC, ETH, LTC, TRX, EOS

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The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. After the cryptocurrencies complete these movements, signals for further growth may appear and they may try to form new ascending…

Avalanche blockchain network to launch full mainnet

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Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell University’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday. With the mainnet launch, the Avalanche (AVAX) token — the platform’s native token — can be listed on crypto exchanges, although Ava Labs did not specify which ones.  As previously reported, the AVAX token will serve as a tool to secure the Avalanche network through staking, pay for operational fees, transfer value peer-to-peer and create…

Why technology assurances are a must for crafting EU crypto regulation

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When Malta set out to provide a regulatory framework for the cryptocurrency sector, policymakers and advisers recognized how blockchain, distributed ledger technology and smart contracts, as well as related technologies, imposed new challenges to providing consumer protection and to fitting within existing legal structures. Immutability of data — and subsequently code, or rather smart contracts — is a desirable feature to provide guarantees to users that data (and smart contracts) cannot be tampered with. However, this also poses a critical challenge: Often, it is impossible, or infeasible, to change code…

General Motors to Produce Own Family of EV Drive Systems

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The push by General Motors to advance on its EV drive systems is coming following recent steps the company has made to get closer to electric car production. General Motors Company (NYSE: GM) has made known its plans to begin the manufacturing of its own EV drive systems. Per an exclusive report from Reuters, the move by General Motors (GM) to debut its own family of electric vehicle drive systems will help boost manufacturing efficiencies as the company transitions into a fully electric car manufacturing industry. The clamor for electric…