Cryptocurrency Analysis and News Portal
Long positions in the second-largest cryptocurrency by market cap have gone parabolic, alongside the asset’s best use case. Bullish sentiment is picking up, and according to a global macro investor with over 25 years of market experience, Etheruem‘s chart looks to be on the”verge” of an “explosive upmove.”The analyst projects
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The gold price hit a two-week low of $1,705, as the global economy slowly becomes more optimistic. Gold is unlikely to hit new highs if equities and real yields continue gains but may resurge if the economic recovery falters. Gold will likely remain strong in the medium to longer-term,
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The United States Securities and Exchange Commission’s vigor in pursuing initial coin offerings, or ICOs, has become a major boogeyman within the crypto community. Most recently, the case against Telegram ended with that company abandoning its planned open network and Gram tokens, which raised $1.7 billion. The question before the crypto
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The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining.Sichuan — 10% of the global hashrateAccording to estimates from Cambridge University, Sichuan is responsible for almost 10% of
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The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month.The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment
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What if the world was hit with another major disaster, but this time, it included global electrical failure? Would Bitcoin (BTC) survive, would it thrive, what about the banks? — We have the answers.Bitcoin consumes massive amounts of electricity and with the constant growth of the network, this number will
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Singapore-based multinational banking firm DBS Bank has joined the blockchain trade-finance network Contour, which is built over R3’s Corda. Contour is due for a main-launch later this year.According to a May 11 report by the business news outlet The Business Times, DBS Bank is the first bank from Singapore to
Read MoreGlobal crypto exchange, OKCoin, has added two new members to its top bass — Haider Rafique, Blockchain.com's former head of growth, and Megan Monroe-Coleman, Coinbase's previous compliance executive.Megan Monroe-Coleman comes on board as the outfit's global chief compliance officer, while Haider Rafique takes the role of global chief marketing officer, said
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In an interview with Cryptox, Rupert Colchester, the head of blockchain at IBM Australia and New Zealand, discussed how distributed ledger technology is transforming supply chain systems worldwide.Colchester also provided insight into some of IBM’s current blockchain initiatives and the state of the industry in Australia, and he shared his
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Global Stock Exchange Group, a Gibraltar-based fintech firm that deploys blockchain solutions to drive interoperability between the cryptocurrency and traditional markets, launched its Grid tokenized securities platform in Estonia on May 7.The Grid facilitates the tokenization of new and existing debt securities and funds. The Global Stock Exchange group, or
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