Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday Launch

Bitcoin price has climbed back above $10,000, just days before Bakkt officially launches. Could back be the long-awaited Bitcoin savior? Will we see another all-time high before 2019 is over? Crypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when data is already bullish. In the past, there have been several factors named as important to Bitcoin price surge or pullback depending on the specific period. Today, the most anticipated event in the cryptosphere, which…

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

ELVN Messenger Founder Alex Reinhardt To Launch An IEO At CoinsBit

The average user spends almost seven hours a day online, with messengers and social media accounting for much of this time. Yet, despite their popularity, social apps are widely seen as the source of numerous problems, from cyberbullying to the spread of extremism. The new blockchain startup ELVN, which will hold its third IEO round on Coinsbit on September 25, 2019, sets out to restore trust in messengers. Social media needs fixing – in more ways than one Social media and messengers are among the most maligned phenomena of the…

Binance to Launch Fiat-to-Crypto OTC for Chinese Yuan in October

Cryptocurrency giant Binance plans to roll out its over-the-counter (OTC) trading platform for Chinese yuan in October. Chinese market targets Yi He, Binance co-founder and chief marketing officer (CMO) announced the news at a media session on Sept. 17, as Binance confirmed to Cointelegraph on Sept. 19. According to the CMO, Binance’s new OTC onramp is scheduled to launch next month and only targets Chinese market as the current plan envisions supporting the Chinese renminbi only, a Binance spokesperson said. To date, Binance has already set up an OTC trading…

Wells Fargo to Launch USD-Pegged Stablecoin for Internal Settlements

US multinational megabank Wells Fargo & Co. (NYSE:WFC) has revealed plans to launch a US dollar-linked stablecoin that will run on the company’s first blockchain platform. The “Wells Fargo Digital Cash” The service, dubbed “Wells Fargo Digital Cash,” is a tokenized dollar that will be used in internal settlement across the firm’s business. The stablecoin will be piloted first and will debut next year. It’s initially targeting USD transfers, but there is a wider plan to accommodate transfers in other currencies within the company’s blockchain network. On Tuesday, the company…

Huobi Expands to Argentina, Plans to Launch Fiat-to-Crypto Gateway

Singapore-based crypto and blockchain company Huobi Group has rolled out an exchange in Argentina, planning to add support for a fiat-to-cryptocurrency gateway. Per a press release shared with Cointelegraph on Sept. 17, Huobi officially launched Huobi Argentina using Huobi Cloud, a service that allows users to build over-the-counter (OTC) and digital asset exchanges on top of Huobi’s existing platform. Fiat-to-crypto gateway For now, Huobi Argentina’s users can purchase digital currencies with Argentine Pesos (ARS) using Huobi’s OTC service, but the exchange is planning to set up a fiat gateway to…

Binance to Launch Lending for XMR, ZEC and DASH This Week

Binance exchange will feature three new coins within the fifth phase of its crypto lending product available for subscription starting from Sept. 20. Same interest rate for all 3 coins After initially launching its Binance Lending Service on Aug. 28, Binance will now allow users to lend assets and earn interest with three major altcoins, including privacy-focused coin Monero (XMR), Zcash (ZEC) and Dash (DASH). Fifth phase of Binance Lending Service. Source: Binance Similarly to the initial phase, lending products on the fifth phase on the platform will have a…

Galatasaray Is the Latest Big-Name Football Club to Launch a Fan Token

Turkish Football Club Galatasaray Spor Kulübü plans to launch Ethereum-based fan tokens in partnership with blockchain sports fan startup Socios based on sports tokenization platform Chiliz. Socios announces in a press release published on Sept. 16 that as a result of the partnership, The Lions (Aslanlar) — the only Turkish club to have won a major UEFA competition — will release its fan tokens on its platform. A blockchain sports platform Furthermore, the team will also be present on the firm’s blockchain-based, influence and rewards mobile app for football fans.…

Queensland’s Real Estate Institute to Launch Blockchain Tenancy Platform

The Real Estate Institute of Queensland (REIQ) teamed up with local tech startup Igloo to launch a blockchain-based tenancy agreement platform by the end of 2019. As news outlet ZDNet reported on Sept. 15, REIQ general manager Josh Callaghan stated that the new platform will use smart contracts to create “a simple and secure transaction for each tenancy agreement to leverage the benefits of the technology as an irrefutable source of truth,” adding: “All parties will have visibility over the contract at any time from the palm of their hand.…

Bitcoin Price Charts Aligning With Bakkt Launch Points to a Big Move

Bitcoin (BTC) price is stuck within the descending triangle formation for some time now and slowly moving towards the apex of it. Interesting enough, the apex of the triangle is around the actual launch of Bakkt on Sept. 23.  So is BTC price in a bearish pattern or is it just re-accumulation on a higher level? Let’s take a look at the charts. Bitcoin price performance A week ago the price dropped down from the resistance zone around $10,900 towards $10,200, after Bakkt tweeted their opening. However, the price dropped…