XRP Price Records Three Months High w.r.t Bitcoin, as Crypto- Markets Stay Bearish

October 7th, 2019

Bitcoin [BTC] and the crypto-markets continued its downtrend this weekend as BTC broke below $8000. The total market capitalization of crypto markets fell below $215 billion, as selling continued. However, XRP has defied the trend for the last couple of days; it has been in an uptrend. The price of XRP at 5: 00 Hours…

Bitcoin Adoption: Japanese Exchange Launches Bitcoin Reward System For Gas Bill Payments

October 4th, 2019

In a bid to encourage mass adoption of bitcoin and bring the cryptocurrency to mainstream users, Japanese crypto exchange, Coincheck has launched a bitcoin reward system that will enable consumers in Tokyo to earn bitcoin incentives by paying gas bills using the cryptocurrency at a discount. Gas Users Will Get Bitcoin Incentives This arrangement comes…

Ripple’s Xpring Launches Payment System That Can Be Integrated With All Kinds of Apps

October 3rd, 2019

Ripple’s open-source crypto investments platform, Xpring, has announced a new payment system, which can be integrated with the application, it said on Wednesday. New Platform Similar to AWS The new platform will include both, crypto and fiat payments. Xpring has stated that the new platform would be quite similar to Amazon Web Services, and Oracle’s…

Three Ethereum Projects Secure $35 Million in Funding Last Week

October 3rd, 2019

While the growth of smart contracts and DApps seems to be stalled at the moment, Ethereum based blockchain projects received $34.5 million in funding last week. InstaDApp, Godsunchained, and SKALE network raised the amount for development. These are independent projects working on Ethereum. Moreover, the SKALE network aims to scale the Ethereum blockchain. It procured $17.1…

Ethereum Gas Price Volatility Reveals Ponzi Scam – Will it Affect ETH Price?

October 2nd, 2019

Ethereum [ETH] Gas fees equivalent to mining fees in Bitcoin surprisingly rose above its trend beginning September. While it was seen as a positive indicator at first, a recent report by Glassnode reveals that FairWin, a Ponzi scheme was clogging the network. FairWin, an Ethereum based gambling app has emptied their contract balance since the…

Visa and MasterCard Might Back Out of Libra, But Marcus Calls Press Report BS

October 2nd, 2019

The series of bad news for Libra continues, now, apparently, backers of the project are second-guessing their involvement. Libra Head, David Marcus, formally with PayPal replied to the WSJ’s report saying, “tone of some of this reporting suggests angst.” According to the report, Visa and Mastercard have declined to publicly support the project. Moreover, including…

XBT/USD Analysis: Bitcoin Longs Target $8,800? BitMEX Margin Trading

October 1st, 2019

Bitcoin price steps above the descending trendline as bulls return on a revenge mission. Bitcoin looks forward to breaking above $8,600 for an extended movement towards $8,800 and $9,000. The recent correction in Bitcoin is likely to have favored Bitcoin shorts on margin trading platforms like BitMEX. However, the current recovery from the lows formed…

Bithumb Confirms That BK Consortium Fails To Pay Acquisition Payment, What’s Next?

September 30th, 2019

The issue of Bithumb sale to BK Global Consortium has been around since the second quarter of this year. However, BK Global Consortium is said to have failed to pay the expected acquisition payment as at a day before the deadline. This, therefore, raises the question as to what might become of the described arrangement….

XBT/USD Analysis: Is Bitcoin On the Verge Testing $7,200? – BitMEX Margin Trading

September 30th, 2019

Bitcoin price suppression continued over the weekend as traders bet on another drop under $7,500. Technical levels remain strongly negative with the MACD unable to cross above the zero line (0.000). Many analysts and investors are trying to demystify the recent drop in Bitcoin. Besides, the suppression lasted all weekend long with Bitcoin remaining pivotal…

Bitcoin Futures: Ledger X CEO Demands Apology from CFTC Over False Claims

September 30th, 2019

Recently, LedgerX alleged that former CFTC Chairman J. Christopher Giancarlo has delayed their Bitcoin derivatives die to ‘personal bias.’ The news created a lot of stir and also received criticism from the commission. In a recent tweet, the COO of LedgerX, Juthica Chou, suggested that it was a CFTC official who made the leak in…