Crypto news

According to a report out of The Logic, the Bank of Canada is preparing to run the gauntlet and potentially launch its own digital currency in the near future. Journalists secured access to a presentation dubbed “Central Bank Money: The Next Generation”. The paper was prepared for the central bank’s board of directors and its governor Stephen Poloz. If launched, the digital currency would work hand in hand with physical cash. The bank, however, plans to eventually scrap physical trading...

The more prevalent bitcoin ransomware attacks become, the merrier it gets for insurance firms that offer cyber-liability insurance coverage. The City of Baltimore has become the latest example of this emerging trend. According to The Wall Street Journal, city officials on Wednesday authorized the purchase of cyber-liability insurance coverage worth $20 million. The Maryland city will be covered under two plans by two insurance firms – Chubb Insurance and AXA XL Insurance. Chubb Insurance...

In a recent interview with Pierre Rochard and Michael Goldstein, hosts of Noded Bitcoin Podcast, U.S. Congressman Warren Davidson suggested that Megatech company, Facebook, would be better off adopting an already ubiquitous cryptocurrency like Bitcoin than creating theirs.The Libra IronyWarren Davidson, who is a member of the United States House of Representative from Ohio’s 8th congressional district, very recently termed Facebook’s new proposed cryptocurrency in Libra a blatant...

Binance Coin saw a slight increase of around 2.14% over the past 24 hours and it currently trades at $18.50. This price increase follows a 6.62% price rise over the past week. The latest price increase could be attributed to the fact that Binance recently conducted its 9th quarterly burn for BNB. This time, over 2 million BNB was burned which is estimated to be around $36 million. The reduction in supply usually helps to bolster the price, however, the reaction is typically delayed. ...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD tech analysisEthereum 2.0 is being developed actively but the date of the launch is yet unknownECC will issue a token for the ETH blockchainOn W1, the Ethereum demonstrates a new impulse of decline in the long-term trend. The aim of that impulse in the short term might be this year minimum of $80.86, reached, however, only after a pullback. Further decline of the quotations is confirmed by the descending of the MACD...

Bitcoin is currently facing the strongest selling pressure since February. Commentators and analysts think that there is a possibility that it might drop below the recent lows near $7,750. On October 16, BTC price fell below $8,000 in fresh choppy trading after several days of consolidation and slow grind.The top cryptocurrency by market value dropped from $8,326 to $8,086 in an hour to 17:00 UTC on October 15. That confirmed a downside move in the recent trading range of $8,450–$8,250 as...

The online-streaming media powerhouse Netflix has given strong Q3 earnings numbers resulting in its stock price (309,25 USD, +8.02%) shooting northwards on Wednesday, October 16. Beating street expectations, Netflix reported a 31% jump in its year-over-year revenue which is currently at 45.24 billion.Another impressive thing is its GAAP earning stands at $1.47 per share instead of analysts’ expectations of $1.05 per share. When it comes to growth in the subscriber-base, the U.S. figures are...

It is quite challenging to determine whether digital assets should be more like the traditional fiat. However, it appears like they are moving in that direction and this is a considerable step. The crypto data provider CoinMarketCap has now launched a new page. In this page, it publishes interest rates provided by different digital assets. The new data now comes in handy in helping the users compare and select a suitable product.The page, known as “Interest by CoinMarketCap”, launched on...

Samsung SDS, the IT unit of South Korean electronics king Samsung, has started pilot testing of its medical insurance network based on blockchain. To test the new system of medical claims processing, Samsung SDS has signed a number of medical institutions and insurers that were offered to assess the performance and effectiveness of the system.As CoinDesk Korea has reported, the medical claims processing system is expected to go live later this month. During the Blockchain Seoul 2019 event...

Billionaire and innovator Richard Branson’s space tourism start-up, Virgin Galactic, space tourism seems to be only a few months away from its first commercial flight to space.To prove its seriousness, the company unveiled its line of ‘Under Armour’-made spacesuits for passengers to come.Jumpsuits are made in royal-blue and from lightweight “flight-grade” material that is designed in a way that keeps travelers pleasant as they speeding faster than 50 miles into the atmosphere (that’s more...