Crypto news

Software giant Microsoft is developing a new way to ensure newly created cryptocurrency tokens are easy to audit and much harder to fabricate.Microsoft Brings Azure to the TableKnown as Azure Blockchain Tokens, the platform has been utilized by several video game companies to create tokens that players can earn through gameplay. Now, Microsoft is taking the system to new heights and spreading its services to companies like General Electric, which is now among the first major conglomerates...

The People’s Bank of China (PBOC) and the Shanghai commerce commission have issued a joint statement signaling their support for blockchain use in commerce. China Goes All-In on Blockchain According to the agencies, decentralized technology can be used in trade finance to resolve asymmetries and validate transactions. In the published document, the two government institutions underscore the cost-effectiveness of blockchain systems, while affirming their appropriateness in international...

The crypto market may not be growing as quickly as many had hoped, and there have been some unexpected twists and turns. Nonetheless, the blockchain space is more mature today than it was two years ago, with some of the froth having been removed and a leaner and meaner ecosystem taking shape. In 2017, the last time the bitcoin bulls were in control, it was a different world. Billionaire Mike Novogratz concedes to having gotten swept up in it, saying at the Reuters Global Investment Outlook...

David Marcus – the head of Facebook’s blockchain division – had some unusual things to say about bitcoin.Marcus: BTC Isn’t a CurrencyIn a recent interview with CNBC, the Facebook boss explained that he didn’t think BTC was a currency, and instead claims it has similarities with precious metals which cannot necessarily be used to purchase items but are a great store of value.In the interview, Marcus explains:I don’t think of bitcoin as a currency. It’s not a great medium of exchange because of...

Bitmain is going through a power struggle between its main founding members. Jihan Wu told Bitmain’s staffers that Micree Zhan was being laid off. Zhan said he was ousted without consent and is prepared for a legal battle. Bitmain Co-Founder Micree Zhan was recently forced out of the firm without any consent or prior knowledge. Now, the world’s richest crypto billionaire is preparing to go to court, if necessary, to guarantee his return to the mining giant. Power Struggle A civil war has...

Stellar, the world’s tenth-largest cryptocurrency by market cap, has seemingly jumped in price by more than 20 percent over the past day following an announcement by executives that the currency would undergo a massive “burn.”Stellar Is Up in FlamesThe process of “burning” crypto involves deleting it from existence. It does not reside on any blockchain or ledger, nor can it be purchased or added to any wallet address. The currency is gone, and it can never be bought, sold or traded in the...

Premier League match-going fans will have to shell out £1.3 billion this season to follow their teams – as increases in the price of home tickets, TV subscriptions and merchandise hit their wallets.The eToro Fan Financial Statement, research carried out by multi-asset investment platform eToro in association with KPMG Football Benchmark, provides a comprehensive study into the financial commitment UK football fans make to support their Premier League clubs and which clubs offer the best...

Binance Coin saw a slight decrease of around 1% over the past 24 hours and it currently trades at $20.31. Despite the recent decline, BNB is still up by a total of 21% over the past two weeks and a 60% increase over the past 30 days. The cryptocurrency struggles despite the constant announcements that come from Binance. In fact, just recently, the CEO of the exchange, Changpeng Zhao, shared a tweet that outlines the accomplishments of the company in the past 24 hours alone.1/2 The $BNB...

For the past ten days, Bitcoin is trading inside a tight range, which is very unlikely for the primary cryptocurrency.We can almost say that the past week was boring for the heavy crypto traders. However, this stability could come up to an end very shortly.Looking on the following 4-hour chart, we can see that Bitcoin is forming a symmetrical triangle with a Bullish bias, from the fact that it can turn into a bull flag very quickly (in the case of a breakup).Despite the above said, since...

Ripple (XRP) has been slowly positioning to take out a key resistance and start a bull market. Unfortunately, even the Swell conference cannot help the cause of the cryptocurrency. Analysts continue to be bearish on Ripple as the crypto token succumbs to profit-taking. Ripple (XRP) has been flirting with the possibility of a breakout and trend reversal over the last two weeks. Peter Brandt, the most followed trader on Twitter, appears to be closely monitoring the price action of the...