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The Future of Blockchain Technology as An Investment Opportunity
15.7.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The blockchain industry not only attracts the public’s attention but also continues to obtain investments from institutional investors. But is the technology worth investing in? Is it a hype or a viable...
Bitcoin Usage up in Vietnam, Bangladesh & S Africa - Blockchain.com
14.7.2020
The total number of bitcoin (BTC) wallet transactions has spiked in Vietnam, Bangladesh, and South Africa, with monthly activity figures up 25%, 16% and 15.9% respectively on major wallet and exchange platform Blockchain.com.
The company shared the news in a blog post, adding that although...
Ethereum's Buterin Calls DeFi-powered Yield Farming ‘Unsustainable’
14.7.2020
Ethereum (ETH) Co-founder Vitalik Buterin said he has a bit of “love and hate” for the influx of decentralized finance (DeFi) apps that have been built on the network of late – although he labeled them “valuable and essential” to the blockchain's community.
Speaking in an interview with Ryan Sean...
Blockchain Medical Prescriptions Coming in Chinese City + More News
14.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
A Chinese city said it will launch a blockchain-powered medical prescription app for smartphone-using residents. Per Zhihu,...
PayPal Makes Secretive Crypto 'Steps'
14.7.2020
Payments giant PayPal confirmed that it has taken "unilateral and tangible steps" to "develop its capabilities" in the cryptoasset area.
In a letter to the European Commission (EC), dated March 2020, the company did not elaborate on these steps, taken since the inception...
BitGo Says Its Wallet Will Help Exchanges Comply with FATF Travel Rule
14.7.2020
Mike Belshe, CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg
Major crypto services provider BitGo said it has enabled API support for exchange clients aiming to achieve compliance with the Financial Action Task Force (FATF)’s Travel Rule.
As previously reported, the Travel Rule...
Dogecoin Pump Ends as Price Dumps 40% From Top
14.7.2020
The price of dogecoin (DOGE), the cryptocurrency created as a joke in 2013, has fallen heavily in the market over the past few days after a pump last week sent it soaring 140% in three days.
As of press time on Tuesday (10:32 UTC), DOGE was down by 11.7% over the past 24 hours, trading at a price...
DeFi ‘Incident’ on Uniswap Brings Trader Massive Profit in Minutes
14.7.2020
A recently discovered ‘incident’ on the popular decentralized token swap platform Uniswap has sparked a discussion online, as some claim that an algorithm drove up the price of the bZx protocol’s BZRX token and then “dumped” it on retail users.
The discussion today first started after Roman Storm...
Bitcoin and Altcoins Trading Near Make-or-Break Levels
14.7.2020
Bitcoin price made a couple of attempts to clear the USD 9,300 and USD 9,320 resistance levels. BTC failed to continue higher and recently declined by 1%. It is currently (08:30 UTC) approaching the USD 9,150 support, below which it could revisit USD 9,000.
Similarly, most major altcoins are slowly...
Competition to Cut Fee Premium on 'Safer' Crypto Exchanges Too
14.7.2020
Despite some crypto exchanges still increasing their trading fees, the future may bring about a highly anticipated reduction in fees as competition heats up in the industry, crypto research firm Arcane Research said in a new report.
Even though bitcoin itself can be considered “a homogenous...
South Korean Central Bank Launches CBDC Legal Advisory Unit
14.7.2020
The Bank of Korea in Seoul. South Korea is once again intensifying the pace of its central bank digital currency (CBDC) progress – with a central bank-run team now investigating legal obstacles that might stand in the way of digital won issuance.
Bitter political and financial rival Japan last week...
Crypto Listing and Delisting Announcements: Week 28
14.7.2020
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
BIS Unsure if 'Global Stablecoins' Can Help Cross-border Payments
13.7.2020
Agustín Carstens, General Manager of the BIS. The Bank for International Settlements (BIS) agrees that leading financial nations badly need to make cross-border payment progress – but is still unsure if that the answer will be found in global stablecoin projects.
In a new report to the G20 entitled...
Fiat Failures, Inflation to Fuel 'Fear-Driven' Bitcoin Rally - Crypto Insiders
13.7.2020
Fiat failures and widespread inflation stemming from skyrocketing public debt could pave the way for bitcoin (BTC) to enter the mainstream in the next one to two years, say prominent crypto industry players.
Speaking in a recent panel at Real Vision’s The Crypto Gathering event, Nic Carter,...
Telcos Trial Blockchain, Fidelity & Bitcoin Mining, UK Mulls CBDC + More News
13.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
Three major telcos, Deutsche Telekom, Telefónica, and Vodafone said they have finalized a trial automated settlement of roaming...
Crypto Market Sentiment Improves, Is Highest In A Month
13.7.2020
Crypto market sentiment is soaring as its combined moving 7-day average sentscore for the top 10 coins is reaching new short-term highs near the positive zone - a move not seen since the beginning of summer. This week, it stands at 5.77/10, compared with the last week’s neutral score of 4.94,...
Value Locked In DeFi to More Than Double in 2020 - Spartan Capital’s Koh
13.7.2020
Despite already seeing huge growth this year, some investors believe the decentralized finance (DeFi) space has much more room to grow before the party is over, and that total value locked could still more than double in the next six months.
The latest prediction for the future of the DeFi market...
It's Never Been So Difficult to Mine Bitcoin; Miners Offload More BTC
13.7.2020
Bitcoin (BTC) mining difficulty just reached a new all-time high, increasing pressure on less efficient miners that have already started selling more BTC.
Bitcoin mining difficulty, which is the measure of how hard it is to compete for mining rewards, just jumped by 9.89%, climbing above 17 T...
Singapore & JPMorgan to Rollout Blockchain-powered Payments Platform
13.7.2020
Singapore’s central bank says its prototype blockchain-powered cross-border payments network is now ready for commercial rollout.
As previously reported, the Monetary Authority of Singapore (MAS) began “industry testing" for its new solution with JPMorgan and the state-operated Singaporean...
Bitcoin and Altcoins Hesitate Ahead of Next Move
13.7.2020
This past week, bitcoin price failed to surpass the main USD 9,500 resistance region. As a result, there was a downside correction below USD 9,300 and USD 9,200. The price is currently trading in a range above USD 9,200 and it might attempt another upside break above the USD 9,500...