Day: October 30, 2020

Blockchain Bites: Ripple’s MoneyGram Pump, OKEx’s Bitcoin Cash Plan, Bitcoin’s Birthday

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Ripple has invested over $50 million in remittance firm MoneyGram over the course of the firms’ working relationship. Forbes published an investigation detailing the byzantine corporate structure Binance may have created to avoid U.S. regulations. Ether grew as a share of Genesis Capital’s total loan book.  Top shelf No offensesInvestors who say they lost around £100,000 ($130,000) in an alleged cryptocurrency Ponzi scheme will not see remuneration after bringing their claims to the police. According to an investigation by the Metro newspaper published Tuesday, a number of investors said they had invested…

after ECB Stimulus Announcement, Bitcoin Surged to $13.5K 

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Hours after the European Central Bank (ECB) statement and optimistic job data from the U.S., Bitcoin (BTC) price rallied from $12,920 to $13,600. According to Cointelegraph, it took just four hours for BTC to record a 5% rally in the price, increasing from $12,920 to $13,600. Coincidentally, the rally comes after positive developments from ECB and optimistic job data from the United States. Factors Favoring the Bitcoin (BTC) Price Rally As the U.S. and Europe registered a sharp increase in the number of COVID-19 cases, the U.S. stock market continued…

Future elections could be held on the Cardano blockchain, says Hoskinson

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In an interview with Cointelegraph, Charles Hoskinson suggested that a Cardano-based solution might make blockchain voting possible for future national elections. He stated: “Not only do I believe — we’ve been building the infrastructure for that.” Hoskinson acknowledged that the road to Cardano-based elections would be gradual and require a number of experiments. He suggested that it could start with third parties using the network for their primaries, before escalating to municipal and state elections. From there, he supposed the network could be utilized in national elections for countries that struggle with…

Bitcoin (BTC) Trade Volume Continues to Dominate as Altcoins Suffer

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Summary: Bitcoin trade volume continues to dominate the crypto markets The increment in Bitcoin trading has had a negative impact on alts such as ETH, LINK, XRP Bitcoin’s dominance is once again above 63% and could signal more focus on trading BTC at the expense of altcoins Bitcoin (BTC) continues on its bullish climb towards $14k and its corresponding trade volume is increasing at the expense of that of altcoins. According to the team at Santiment, Bitcoin’s trade volume has significantly eclipsed that of other popular digital assets such as…

NASDAQ-Listed MicroStrategy Now Runs a Bitcoin Full Node

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The NASDAQ-listed company, MicroStrategy (MSTR), is running a fully validating node, or “full node” for the Bitcoin blockchain, its CEO, Michael Saylor, has revealed.  MicroStrategy Operates a Bitcoin Full Node In a tweet on Oct 30, the outspoken CEO–and a passionate Bitcoin supporter, said the public listed company is doing their part in contributing towards the success of the network. Their node runs the latest Bitcoin core release.  A Bitcoin full node ensures participants read on the same page, guaranteeing the blockchain remains peer-to-peer as envisioned by the founder.  As an autonomous…

Ripple Most Likely to Relocate Blockchain Firm to Japan Over Other Countries, Says SBI Holdings CEO

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It appears that blockchain firm Ripple Labs may favor Japan over other locations when considering new headquarters outside of the United States. Japan favored by Ripple The CEO of SBI Holdings, Yoshitaka Kitao, disclosed this detail in a press briefing. The Japanese corporate giant’s chief executive officer said that among all potential candidates for Ripple’s move, notably Singapore, Switzerland, the United Arab Emirates, UK, and Japan, the latter was “the leading candidate” of choice for Ripple (XRP) operations if they were to leave the US. Per the briefing, Kitao indicated…

Governance remains highly centralized on many DeFi projects

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A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols. Despite efforts to decentralize control in the yield farming phase, the researchers maintain that many projects — especially those with strong venture capital roots — remain highly centralized. The researchers analyzed projects like MakerDAO (MKR), Curve (CRV), Compound (COMP) and Uniswap (UNI). All present a significantly skewed token distribution that favors large holders. The analysts noted that Maker governance appears to be the most mature of all, owing…

JPM Coin debut marks start of blockchain’s value-driven adoption cycle

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On the heels of PayPal announcing its decision to enter the crypto sector early next year, Bitcoin (BTC) has continued its strong performance and has been hovering around the $13,500 mark for nearly a week now. In this regard, the payment giant’s foray into the crypto market has been hailed as a game changer, especially when it comes to improving the mainstream perception of the digital asset industry as a whole. Not only that, JPMorgan Chase announced that its native digital currency offering — the JPM Coin — has finally…