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Bitcoin and Altcoins at Continued Risk of Weakness
16.8.2019
After a strong decline, bitcoin price recovered above the USD 10,000 resistance level. BTC/USD even traded above USD 10,150, but it struggled to gain strength above USD 10,350 and USD 10,400. As a result, the bears took back control and pushed the price back below the USD 10,000 support level....
Ripple Gives Away USD 263M in XRP that Lost 27% of its Value this Year
15.8.2019
Source: iStock/isa_ozdere
Xpring, Ripple’s investment vehicle, said it made a XRP 1 billion (USD 263 million) grant to the in-browser payment processing startup Coil.
The goal of this grant is two-fold: drive the adoption of XRP and improve Coil’s business model so to enable the creators...
Bitcoin and Altcoins Breakdown Could Trigger Additional Losses
15.8.2019
This week, we saw a steady decline in bitcoin price below the USD 11,200 and USD 11,000 support levels. Yesterday, we discussed the chances of bearish continuation below the USD 10,500 support area. BTC/USD did move down and fell significantly below the USD 10,000 support. Also, altcoins failed...
Norwegian Pushes Crypto Adoption Further Beyond Its Company
14.8.2019
Stablecoins may be about to see more widespread use in traditional business as “several big suppliers” of the low-cost carrier and one of the biggest airlines in Europe, Norwegian, are reportedly positive about this alternative transaction method.
As reported, Norwegian is launching its...
Bitcoin Signaling Downtrend While Altcoins Holding Ground
14.8.2019
This week, bitcoin price declined steadily below the USD 11,500 support. Recently, there was a sharp increase in selling, resulting in a bearish break below the USD 11,200 and USD 11,000 supports. BTC/USD even broke the key USD 10,750 support and moved into a downtrend. On the other hand, most...
This Might be the Real Reason Why Coinbase UK Delisted Zcash
14.8.2019
The UK branch of major American cryptocurrency exchange Coinbase had to change its bank and a new partner is reportedly not willing to indirectly support privacy coins, such as Zcash (ZEC).
For unknown reasons, Barclays, the UK-based major bank, is no longer working with Coinbase, while...
Poloniex Begins Bitcoin Refunds to Investors Impacted by CLAM Crash
13.8.2019
In their attempt to repay the lenders impacted by the market crash back in May, the U.S.-based cryptocurrency exchange Poloniex said it will soon start crediting trading fees to lenders.
Just two months ago, the exchange, owned by major crypto company Circle, faced a backlash from the community...
An Unusual Case: ICO Project Ditches Blockchain, Buys Back its Tokens
13.8.2019
While bitcoin and major altcoins are at risk of further declines, a small blockchain project made an unusual announcement that pushed the price of its native token up.
The price of the Colu Network Local (CLN) token issued by crypto startup Colu DLT is surging after an announcement (it does...
XRP Exploit Targeted Crypto Exchanges Again
13.8.2019
Unidentified cryptocurrency exchanges were targeted with a so-called XRP partial payment exploit today, a recently launched exchange Beaxy said, confirming that they were among the victims.
The company said in an update on Twitter that it has “applied a fix” and is rolling back “relevant trades...
Crypto Listing & Delisting Announcements: Week 32
12.8.2019
Below is our weekly collection of digital asset listing and delisting announcements by cryptocurrency exchanges that we found last week.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Crypto Market Sentiment Dropped: BTC in Positive, LTC in Negative Zone
12.8.2019
The crypto market sentiment measure, Sentscore, fell back to 4.76 (the average for the top 10 coins) this Monday, below 5.35 from last week, and closer to 4.43 from two weeks ago, according to Omenics, a crypto market sentiment analysis service.
Number one spot among the top 10 cryptocurrencies...
There is No Place for Binance IEOs on Binance US Yet
12.8.2019
Source: Instagram, Binance
While Binance US, the American branch of major cryptocurrency exchange Binance, included four stablecoins among its 30 potential candidates to be listed on this upcoming platform, no Binance IEOs (initial exchange offerings) are on the list.
Hyped projects such...
Coinbase UK Ditches Zcash, Founder Insists Coin is Compliant
12.8.2019
The UK-based branch of popular American crypto exchange Coinbase is de-listing Zcash (ZEC) from its trading platform, an email sent out to clients late last week revealed.
According to the email, the privacy-focused cryptocurrency will be removed effective August 26, 2019. All clients are asked...
Charlie Lee Says Litecoin Is Still Alive and Kicking
12.8.2019
Charlie Lee. Source: a video screenshot, Youtube, Real Vision Finance
Litecoin founder Charlie Lee has taken to Twitter to claim that his project is alive and well – despite an apparent lack of recent activity.
Lee stated that he “just wanted to set the record straight” with his posts, and began...
Is China on the Verge of Releasing a Digital Fiat?
12.8.2019
China’s central bank has revealed details of a plan to issue a blockchain-powered digital fiat – and appears to be assembling a host of resources and personnel to speed up the process.
Per a report from Beijing Business Today (republished by Shina), the deputy director of the People’s Bank of China...
Ripple in 'Multiple' M&A Talks, Plans 100 New Contracts in 2019
9.8.2019
Brad Garlinghouse. Ripple, a California-based major blockchain startup focusing on the banking sector, is in talks over "multiple" potential investments and acquisitions, CEO Brad Garlinghouse confirmed.
In an interview with Yahoo Finance UK on Friday, the CEO said that, when it comes to the areas...
Bitcoin Remains Elevated While Altcoins Take Hit
9.8.2019
In the past three sessions, there were a couple of attempts by bitcoin price to surpass the USD 12,000 resistance level. However, there was no convincing break, but BTC/USD stayed above the USD 11,800 support level. Conversely, there were bearish moves in most major altcoins, including ethereum...
This Is What MoneyGram is Using XRP For
8.8.2019
U.S.-based major money transfer company MoneyGram said it has already started to use Ripple's xRapid product that is aimed at minimizing liquidity costs and is powered by Ripple's XRP cryptocurrency. However, what are they using it for?
“We are using XRapid to buy a portion of our currency needs...
Post-Halving Litecoin to Readjust its Mining Difficulty Today
7.8.2019
The 5th cryptocurrency network by market capitalization, Litecoin (LTC) had its second halving two days ago but the other network metrics haven't experienced dramatic changes as of yet. The hashrate, or the computing power of the network, corrected lower but is still a few times bigger than in...
Coinbase Hit with Bitcoin Cash Negligence Wrap, Kik Hits Back at SEC
7.8.2019
An American court has ruled that cryptocurrency exchange Coinbase will be charged with negligence for allegedly making a hash of the launch of the Bitcoin Cash (BCH) token.
Bloomberg reports that San Francisco District Judge Vince Chhabria described the launch as an “incompetence born of haste,”...