Crypto EcoBlog
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 »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 »Second Crypto Capital Executive Will Face Criminal Charges
Recently, Live Bitcoin News reported that the president of Crypto Capital had been arrested for allegedly taking part in drug running and money laundering schemes. We also reported that further arrests were expected in the coming weeks. One of those arrests has now taken place.More Bad News for Crypto CapitalOz Yosef, a principal executive of the company, is charged with being the man responsible for the loss of roughly $850 million in crypto funds transferred to the company by Bitfinex, one...
Read More »China Is Putting Its Money into the New Bit Pie Wallet
It sounds like China is really warming up to bitcoin and cryptocurrencies as of late.China: Mixing Things Up Even MoreThe latest price hike for BTC has ultimately come about largely because Chinese president Xi Jinping commented that blockchain technology could bring his country’s infrastructure to new heights. Thus, he’s planning to push blockchain innovation very hard in the future.But prior to these words, it’s known that China hasn’t always been friendly to crypto. For one thing, the...
Read More »Samsung Integrates Tron Support to Its Blockchain Keystore
South Korean technology giant Samsung announced it decided to integrate Tron (TRX) support to its decentralized app (DApp) store, Blockchain Keystore.According to a release note published on Tuesday, Samsung Blockchain Keystore SDK v1.2.0 will now engage APIs that support TRX transactions.Samsung revealed its Samsung Blockchain Platform SDK at the Samsung Developer Conference 2019 today. The truth is, bringing blockchain technology to mobile has been a challenge for quite of time now since...
Read More »Microsoft Expands IoT Plan with Enhanced Azure Features
The growing internet of things (IoT) segment hasn’t been showing any signs of weakening for now. As per IDC, 41.6 billion devices, including smartphones and smart home assistants, should be connected to the internet by the year 2025. The whole market is expected to be worth around $24.88 billion by 2022,At IoT Solutions World Congress on Monday, Microsoft announced new capabilities in its cloud computing service Azure in order to “simplify” the whole process for its customers and deliver...
Read More »Canaan Officially Files for $400 Million IPO on Nasdaq
One of the biggest bitcoin miner manufacturers, the Avalon Bitcoin miner Canaan Creative, publicly filed for a U.S. Initial Public Offering (IPO) on Monday, with big names as underwriters. Credit Suisse, Galaxy Digital, Citigroup, China Renaissance, CMBI, Huatai Securities and Tiger brokers are obliged to pay for and accept delivery of the ADSs offered by this prospectus.The second-largest manufacturer of ASIC mining hardware after Bitmain, Canaan plans to list its shares on Nasdaq under the...
Read More »Noah Coin (NOAH) Climbs 1,400% to Become 43rd Largest Digital Asset
The cryptosphere is generally still celebrating Bitcoin’s spike to levels above $9,500 a few days ago, after it fell more than $500, a while before that. Currently, the market seems a tad invigorated by the Bitcoin rally and there is now a lot of hope that all of the bullish forecasts that swept the sector, could actually come to pass.Not only did Bitcoin surge, but as its wont to do, it seemed to carry major altcoins along with it, with some of them shooting up to 30%. In the same vein, the...
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