Cryptocurrency Analysis and News Portal
Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside.Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark. Daily
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The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume.CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People's Republic
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Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network.Powered by R3’s Marco Polo Blockchain Global Trade NetworkOn Oct. 11, Alfa-Bank announced that it is launching a foreign trade finance pilot transaction, with the cooperation of
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Bank of Ireland (BOI) executives have backed out of the testimony before the United States Government in the criminal proceedings regarding a $400 million worth money laundering scheme through cryptocurrency scam OneCoin.No testimony on voluntary basisAs fintech-focused news outlet FinanceFeed reported on Oct. 11, the U.S. Government filed a
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Major United States investment management firm VanEck has listed four reasons why Bitcoin (BTC) improves an investment portfolio upside.On Oct. 8, VanEck released research titled “The Investment Case for Bitcoin,” aiming to determine what role the cryptocurrency can play in an investment portfolio. According to VanEck, a firm that
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Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project.Four companies abandon shipOn Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it
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Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in
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The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering.Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram Open Network (TON) in a complaint
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Facebook CEO Mark Zuckerberg will defend the proposed Libra cryptocurrency in a testimony before the House Financial Services Committee on October 23. The highly scrutinized proposed cryptocurrency, which is being led by Facebook (NASDAQ:FB), has come under fire from regulators on both sides of the Atlantic due to its potential threat
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The founder of the OpenLibra project, Lucas Geiger, reportedly misrepresented some of the organizations involved in the project.OpenLibra founder apologized through TelegramOn Oct. 11, Coindesk reported that at least four individuals and organizations denied the fact that they support the OpenLibra project. Others are minimizing their involvement in OpenLibra,
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