The blockchain startup Ripple is currently facing some major regulatory hurdles as investors have raised questions over the state of XRP being securities. To tackle this matter at hand, Ripple has brought some financial industry heavyweights to its board.In one such move, Ripple has recently appointed ex Bank of America executive – Benjamin Melnicki – as its head of Regulatory Affairs. Melnicki’s job at Ripple will be communicating and maintaining absolute transparency regarding Ripple’s...
Read More »Bitcoin Flash-Crashes $400, Altcoins In Green: Crypto Market Watch
Bitcoin went on one of its most impressive price rallies last week, surging over 42% in just a day. Not only did this made last week the best one for Bitcoin since May, but it also returned the positive sentiment to the market, which had previously been fairly bearish. However, the price has since retraced and is currently trading at around $9,200. Interestingly enough, BTC flash-crashed to slightly above $9,000 earlier today, but it managed to recover fairly quickly. At the time of this...
Read More »China Introduces New Regulatory Agency for Digital Payments and Blockchain Products
In a follow up to what is seen as a follow up to the Chinese blockchain technology buildup, the People’s Bank of China has introduced a regulatory unit under the auspices of the central bank to regulate digital payments, blockchain products and fintech services that center around decentralized finance within the country.Sources indicate that under the new agency, a new system has been put in place to certify about 11 different categories of financial products which are both hard and soft....
Read More »Russian Company Strives to Mine 20% of the World’s Bitcoin Supply
Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian Mining Company (RMC) owned by Russian entrepreneur Dmitry Marinichev is planning to build a new facility in the northern province of Karelia.According to the local news outlet RBC, the equipment for mining will be stationed on the Nadvoitsy Aluminium Smelter, a metalworking plant that is not used since...
Read More »Derivatives Exchange FTX Launched an Index of 8 Popular China-Related Cryptos
FXT derivatives exchange announced that it has launched Futures platform tracking an Index of 8 China cryptocurrencies. This announcement came on October 29 in the midst of the blockchain endorsement by China’s President Xi Jinping. The new index will track eight popular Chinese crypto projects.The new development was announced in a tweet by the firm’s CEO Sam Bankman-Fried on October 29.https://t.co/xZ5cjcRb11 is live!— SBF (@SBF_Alameda) October 29, 2019Dubbed Dragon Perpetual Futures Index...
Read More »Cardano (ADA) Price Analysis: Bulls Remain In Control Above $0.0420
ADA price rallied recently above the $0.0400 and $0.0420 resistance levels against the US Dollar.The price is currently consolidating above the key $0.0420 support areas.There is a short term rising channel forming with support near $0.0425 on the 4-hours chart (data feed via Kraken).The price is likely to find a strong support near the $0.0420 and $0.0415 levels.Cardano price is trading in an uptrend against the US Dollar and bitcoin. ADA price correct lower in the near term, but it remains...
Read More »#739 Parteitreue per Blockchain, Jihan Wu zurück bei Bitmain & Russland Bitcoin Mining
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 739. Heute geht’s um folgende Themen: Chinas Regierung erfasst Parteitreue über Blockchain, Jihan Wu übernimmt die Kontrolle über Bitmain & Russland will grosse Bitcoin Mining Farm aufbauen. 1.) Chinas Regierung erfasst Parteitreue über Blockchainhttps://www.btc-echo.de/ueberwachung-chinas-regierung-erfasst-parteitreue-ueber-blockchain/ 2.) Bitmain Turmoil: Co-Founder and Executive Director Micree Zhan...
Read More »Bitcoin Price Analysis: BTC Correcting Gains, But Uptrend Intact
Bitcoin price rallied recently and even climbed above the $10,000 resistance against the US Dollar.The price is currently correcting lower and is trading below the $9,820 pivot level.There is a major contracting triangle forming with resistance near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct further, but it is likely to remain well supported above $8,900 and $8,500.Bitcoin price is correcting gains below $9,800 against the US Dollar. BTC...
Read More »Will Bakkt’s Bitcoin Options Change the Cryptocurrency Industry?
To refresh our memory, Bakkt, which is backed by New York Stock Exchange (NYSE) and the Intercontinental Exchange (ICE), recently in late September launched its long-awaited Bitcoin Futures platform, where investors and traders can physically exchange Bitcoin. Now, after the exchange has hit new record volumes, Bakkt announced that they will be offering Bitcoin options by December 9, 2019. “Options allow investors and traders to do different things, and will facilitate new and important...
Read More »TRON Ranks #2, Way Ahead of Bitcoin in China’s Latest Crypto Rankings
China’s Center for Information and Industry Development released its latest Global Blockchain Technology Assesment Index report. EOS ranks first, followed by TRON and Ethereum. XEM and GXChain removed from the CCID’s crypto raking index. China’s Center for Information and Industry Development (CCID) published a new list of its crypto ranking index. The move comes after President Xi Jinping’s announced a plan to embrace blockchain technology. China’s Crypto Rankings CCID is a research...
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