Cryptocurrency Analysis and News Portal
David Marcus, the head of Calibra at Facebook, has set forth arguments in favor of blockchain-based payment networks.In a Sept. 25 blog post, Marcus pointed out shortcomings of existing payment systems such as regional and international networks, including SWIFT and RT1, central banks and others. Marcus began by noting
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The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, CryptoX Brasil reported on Sept. 25.On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and Intermediary (SMI) Relations. In its warning, the CVM states
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The massive triangle that formed in Bitcoin since late June finally resolved itself on Tuesday as the flagship crypto nosedived toward the $8000 handle.Bitcoin typically leads the market and altcoins were in no mood to buck the trend as a massive exodus ensued coinciding with a less than stellar Bakkt
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In a recent press release by retail software firm Global POS at the Paris Retail Week, it was announced that a new crypto payment method will enable 25,000 major retail stores in France to accept payments in Bitcoin(BTC)trade by 2020.The system will use the applications “EasyWallet” and “Easy2Play,” which will
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Decentralized file hosting protocol Filecoin announced in a post published on its blog on Sept. 24, that its alphanet will be launched tomorrow, testnet on Dec. 11 and mainnet in Q1 2020.“These windows are best estimates”However, the Filecoin team acknowledges that “these windows are best estimates, and could potentially
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AnalysisWhen looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $166.67. The ETH price has recently broken the support of $171.25 turning it into resistance with the next support level at $160.75.The second-largest cryptocurrency’s price has fallen 26% which clearly indicates a negative momentum.
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Bitcoin (BTC) is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coin’s downward turn.As of press time, Bitcoin is circling the $8,400 mark — signaling a hefty 17.8% loss on the week.Bitcoin 24-hour chart. Source: Coin360Is Bakkt to blame?Among the
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The world is about to witness another groundbreaking event in the crypto world as the UK police gave the green light to auction about £500,000 (around $620,000) in various cryptocurrencies seized from a criminal.The criminal, identified as Elliott Gunton, was nabbed by the UK police for his involvement in a
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Decentralized application (DApp)-focused blockchain Aeternity will be used to track the supply chain of Montevideo-based medical and recreational cannabis producer Uruguay Can.Aeternity announced in a press release published on Sept. 25 that it is creating a supply chain management platform for the partner combining the Internet of Things and
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Facebook has recently completed the acquisition of Servicefriend, an Israeli startup that develops AI-based chatbots. Facebook is planning to use the company’s services for Calibra customer services, a digital wallet that Facebook is developing along with its native cryptocurrency Libra.Facebook is planning to launch Libra, a stablecoin developed for peer
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