In what seems like a plus for the cryptocurrency community, Dubai-based cryptocurrency exchange BTSE has decided to raise $50 million of its token come March 2020. Sources also further indicated that the exchange plans to issue a total supply of 200 million tokens in the due course of time at $1 each and then to buy them back and burn 100 million. The pitch deck for the offering reads:“Funds raised will be allocated toward user acquisition to increase overall platform revenue, platform...
Read More »Bitcoin Currently Stuck in Bearish Pattern, Breakout Expected
Bitcoin is not only the largest digital asset in the crypto market by market cap, it’s also one of the most profitable as it has been returning consistent profits for its hodlers and investors over the years. The asset’s popularity also ensures that it’s consistently being talked about, with various price predictions and analysis posited by several analysts and strategists. One of such from Bloomberg shows that Bitcoin’s near future isn’t looking very great.Bitcoin at press time is trading...
Read More »Tron (TRX) Price Analysis: Bears In Control, More Losses Likely
Tron price is currently trading well below the $0.0150 and $0.0155 resistances against the US Dollar.TRX price is struggling to stay above the main $0.0142 support area.There is a major bearish trend line forming with resistance near $0.0152 on the 4-hours chart (data feed via Bitfinex).The price remains at a risk of more losses towards the $0.0131 and $0.0130 support levels.TRON price is showing a few bearish signs against the US Dollar and bitcoin. TRX price could decline further towards...
Read More »MATIC Token Price Tanks 70% in Flash Crash, Company Issues Clarification
It has turned out to be a horrible day for Matic (MATIC) token investors as the token price has crashed over 70% in a single hour. Today, December 10, the MATIC price has hit a low of $0.012 before partially recovering, as per the chart on CoinMarketCap.Popular crypto traders and analysts took it to Twitter talking about this carnage.Crypto. The stuff of dreams and nightmares. $MATIC was up 180% in two weeks before crashing 70% in an hour. pic.twitter.com/zo9LzP80L8— Alex Krüger...
Read More »Blockchain-Based Collectible Coins Announced by Lithuanian Central Bank
According to the press release, the Bank of Lithuania wants the youth to buy collectible coins that remind them of history, money and virtual tech. That’s why the newly prepared coins will live both on a blockchain and in real life. The physical copies will contain signatures of people standing behind the local Act of Independence from 16 February 1918.Per Marius Jurgilas, the Board member of the BoL:“This innovative coin will feature the signatories due to their significant role in the...
Read More »Ethereum Price Analysis: ETH Is At Major Crossroads
Ethereum price is facing a significant resistance near $152 and $158 against the US Dollar.ETH price is currently trading just above the $145 and $143 support levels.There is a major contracting triangle forming with resistance near $151 on the 4-hours chart (data feed from Coinbase).The price could start a strong upward move once it breaks $151 and $152.Ethereum price is trading in a contracting range against the US Dollar. ETH/USD needs to gain strength above $152 to start a solid upward...
Read More »Binance iOS App Now Allows Enormous Bitcoin and Ethereum Margin Trading
The iPhone users now able to trade Bitcoin and Ethereum futures contracts thanks to Binance‘s robust engine tested on Android.Exchanges Allow Dumping Savings at the Speed of LightningYou don’t even have to use a PC to dump money anymore: convenient Binance iOS app allows you to do it from anywhere. So, mom won’t guess where all the money goes even if she really wants to.Using your precious iPhone, as a Binance customer you are now able to trade BTC/USDT contracts with up to 125x leverage. The...
Read More »South Korea Crypto Account Holders Must Use Their Legal Names
South Korea has passed new laws requiring that everyone opening a cryptocurrency account use their true, legal names to do so.South Korea: The Center of Crypto Regulation?As time goes by, many cryptocurrency exchanges and businesses are seeking out ways to remain fully compliant with federal regulators. The problem is that to do this, they’re often required to invade the privacy of their customers to one extent or another, and this scenario is no exception.One of the issues at hand is that...
Read More »Bit Fury Unveils Its New Exonum DLT System
Crypto mining firm Bit Fury has launched what it’s calling the Exonum Enterprise, a new kind of blockchain that allows companies to operate their businesses through bitcoin-based technology.Bit Fury Makes Mining MainstreamBit Fury is now along the same lines as major corporations like Microsoft and Amazon, both of which have established blockchain solutions to assist new businesses looking to establish their operations on distributed ledgers. However, its main claim to fame still seems to be...
Read More »Deutsche Bank Is Wondering if BTC Will Take Over All Fiat
Will fiat currencies last much longer? This is the question being posed by Germany’s Deutsche Bank.Deutsche Bank Is at the Center of the Bitcoin QuestionAs we inch closer and closer towards a fully digital age, many of us are noticing that cryptocurrency seems to be rising through the ranks as a main form of money for many people. While it’s not widely accepted as a means of payment just yet, it is one of the largest speculation tools utilized today, which means it’s got a healthy percentage...
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