In yet another example of China’s changing view of cryptocurrency, the People’s Liberation Army’s (PLA) media mouthpiece is calling for its soldiers to be rewarded with crypto to incentivize performance.A Tokenized Rewards and Demerits SystemA recent article in the military-run PLA Today suggested that some form of cryptocurrency could be used as part of a performance assessment rewards system that would gauge how well soldiers completed tasks, progressed in their training, and other...
Read More »The Cryptocurrency Market Suffers from Shockingly Low Levels of Liquidity
CoinMarketCap’s new metric shows low levels of liquidity in the crypto market. A renowned analyst explains that less than 1% of all cryptos are liquid. Prominent figures in the industry agree that 99% of all cryptos will not prevail. CoinMarketCap, the leading cryptocurrency data tracking services platform, recently rolled out a new metric, dubbed Liquidity. Its primary purpose is to provide the “real trading activity” of most of the cryptocurrencies and crypto exchanges in the industry. An...
Read More »Royal Bank of Canada to Open New Crypto Platform
The Royal Bank of Canada (RBC) is creating a new cryptocurrency platform.Cryptocurrency Trading By Way of Canada, Eh…The institution is not necessarily joining the ranks of countries like the United States and China, which are setting their sights on national digital currencies designed to track user performance. This is not a centralized platform, but one similar with everyday crypto exchanges like Coinbase and Binance. The platform being offered by the bank will provide traders with access...
Read More »SoftBank-backed DoorDash Raises Another $100 Million in Funding
It seems that the San Francisco-based on-demand prepared food delivery service DoorDash Inc.’s $2 billion “war chest” is getting bigger and bigger every day. Started back in 2013, this food delivery startup is obviously getting an injection of $100 million, according to the sources familiar with the situation.The startup has a pretty strong back-up including the likes of SoftBank Group Corp. and Sequoia Capital and this funding comes on top of a $600 million investment round that announced...
Read More »Crypto Price Analysis November 13: BTC, ETH, EOS, LTC, TRX
Photo: QuoteInspectorDmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.To confirm the development of the uptrend, the bulls must secure above $9800. Meanwhile, the current levels look like good support, from where the quotations are expected to bounce upwards. The EOS and TRX are ready to resume their growth quite soon. What is more, on D1 of...
Read More »Anonymous Donating $75 Million in Bitcoin to Startups Protecting Online Anonymity
The world is increasingly becoming a smaller place due to the evolution of technology. The internet and streaming allow for instantaneous communication, and people can virtually congregate to watch movies, sporting events, and even video game matches. However, the rise in technology and communication has led to a loss of privacy. Anonymous is seeking to protect the privacy of the individual in this digital age, and they’re putting their money where their mouth is. The group has announced the...
Read More »Binance Coin Price Analysis: Bulls Bring BNB Above $21, Is $25 In Sight?
Binance Coin saw a notable increase of around 4.5% over the past 24 hours and it currently trades at $21.26. This caused BNB to be the best performing top-10 altcoin over the past 24 hours. BNB is also up 16.25% over the past month. Binance Coin remains the seventh-largest cryptocurrency with a market cap of $3.30 billion.Since our previous BNB analysis, Binance Coin finally climbed above the resistance at $21.04 which is provided by the 100-days EMA. BNB now faces immediate resistance at the...
Read More »Eterbase Announces Exchange Market Structure Shift to EURBASE
Eterbase — the leading EU-compliant cryptocurrency exchange — recently reported achieving the milestone of over $1 million in trading volume per day after transitioning the base trading pair on its exchange from its native XBASE exchange token to its anti-inflationary stablecoin, EURBASE. The shift has accompanied a 10X increase in trading volume on the exchange over the last 8 weeks. “All current assets of the exchange will be listed under EBASE markets,” detailed the Eterbase Medium blog...
Read More »The Year 2020 Cryptocurrency Outlook: Speculators Rely on Bitcoin ahead of Blockchain
Bitcoin comes first, ahead of blockchain, for speculators who look towards the year 2020 cryptocurrency situation. Its apparent several platforms have received support funds to create enterprise blockchains which mostly have launched out in 2019. However, the interest of speculators for such projects has waned out as they look towards fresh ideas on tokenization and cryptocurrency. This is a result of the shift in focus to the development of native cryptocurrency given rise to advancement in...
Read More »Facebook Pay: Kommt jetzt der Joker für den Onlinehandel?
Facebook Pay wird den Online Zahlungsverkehr massiv vereinfachen! Facebooks geplante Kryptowährung Libra läuft keineswegs so, wie sich das Unternehmen dies vorstellte. Unabhängig davon bringt der Branchenprimus in Sachen Social Media nun ein neues digitales Zahlungssystem an den Start: Facebook Pay. Keine Berührungspunkte mit Libra Der neue Zahlungsdienst Facebook Pay, welcher direkt in das soziale Netzwerk, den Nachrichtendienst WhatsApp,...
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