Crypto news

In the headlines today, the OKB token’s price, the native coin on the OKEx trade platform, jumped up an impressive 40% as the company launched the test net of its new decentralized exchange.The buzz first started late last year when OKEx first announced plans for launching its proprietary blockchain known as OKChain in 2020, as well as its decentralized exchange, OKDEX. As of today, both the OKChain and OKEx’s test net have gone live.In turn, this has lead to the jaw-dropping increase in...

It’s finally happened, folks! For the first time in several months (and the first time in 2020), bitcoin (BTC) – the world’s most popular and largest digital asset – has spiked beyond the $10,000 mark, and the bulls are fully taking over the money ship.Bitcoin Has Finally Hit $10,000The currency has been on a roll since the beginning of the year and has added more than $3,000 to its overall price since January 2. The significance of $10,000 is that this figure was serving as bitcoin’s present...

Japanese lawmakers are pushing for the adoption of the new CBDC system and the development of the digital yen in the next three years in order to counter the failing fiat currency system.Led by the head of the Banking and Finance Systems Research Commission at the JLD party Kozo Yakamoto, Japanese lawmakers are pushing for the country to digitize their systems by adopting CBDC. According to Yakamoto, the country should be in the line of creating a Yen Central Bank Digital Currency in the next...

As the world is joining efforts to help with coronavirus treatment and spread, the blockchain technology is now being employed for related insurance payments.Blockchain technology is now seeing some new applications because of the deadly coronavirus. According to a recent report from the South China Morning Post, a mutual aid service known as Xiang Hu Bao has now started using blockchain technology to process insurance claims related to the coronavirus from its many customers.Blockchain Used...

[PRESS RELEASE] SAN FRANCISCO, February 10– Today, Litecoin Foundation, whose mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies, announced that it has selected Cred to offer financial services to Litecoin (LTC) holders. Cred, a licensed lender based in California, is the leading crypto-backed lending and borrowing platform, serving customers in 190 countries. Starting today, Litecoin (LTC) holders will be able to...

[PRESS RELEASE]ZUG, SWITZERLAND / February 10th, 2020 / EBO, the open finance ecosystem, has launched its latest mobile app – bringing an open, accessible and reliable platform to the crypto world.Available on the Apple App Store from today, the EBO Ethereum Crypto Wallet gives users total control of their crypto and acts as a one-stop-shop for all their crypto needs. Users can buy and sell crypto in just a click with total control – and no signup is needed. The app lets you trade easily...

While many people are extremely bullish about Tesla (TSLA), some other analysts think that it’s a little too volatile and dangerous at the moment.Tesla stock (TSLA) is very easily one of the world’s most popular stocks, at least as far as 2020 is concerned. Prices have jumped so high recently that it has rattled a lot of the market’s most seasoned analysts and even regular traders and investors. Towards the end of last year, many people slowly became extremely bullish about Tesla’s chances....

Though now it is not the best time even for major cryptocurrencies like Bitcoin and Ethereum, we still can believe that cryptos will have a chance to catch the public’s eye sooner rather than later.Around the world, major cryptocurrencies are seldom seen in major headlines anymore. While tech-savvy individuals and crypto-investors are obviously paying close attention to the current valuation of leading tokens like Ethereum or Bitcoin, many people have tuned out of crypto-related news. There...

We take a look at the principal risks and rewards of dealing with cryptocurrencies such as Bitcoin in the modern market.Ever since Bitcoin and other cryptocurrencies launched some decades ago, they have grown into one of the most controversial topics around. On the one hand, cryptocurrencies offered end-users many perks such as anonymity and transaction speed. Still, on the other hand, they naturally stirred up a lot of criticism regarding the lack of regulation and potential abuse.Regardless...

Bitcoin halving, gold and scarcity: as the milestone approaches, it will reduce Bitcoin’s block reward to 6,25 BTC per the block. Currently, the Bitcoin block reward equals 12,5 BTC.In approximately 91 days, the picture of what is happening inside mining companies will start changing. The date for changes is 7 May 2020. There’s several ways to count the days until Bitcoin halving, however. When calculating the date using average daily block time, the next halving date shifts to 86 days from...