Coins

Derivatives Exchange Bybit Integrates Coin Swap for Four Cryptocurrencies

August 23rd, 2019

Crypto derivatives exchange Bybit has introduced a coin swap feature for all of its supported currencies. The move, the first of its kind for a derivatives platform, means that traders can switch between all four supported coins without the need to place market orders. This adds significant convenience for users, who are spared from having…

UK NGO Implements Blockchain to Provide Banking Services to Sierra Leone

August 22nd, 2019

UK-based Technology Charity Organization, Kiva, is implementing blockchain to create an online ID database in the African Country of Sierra Leone. The move will ease the process of providing loans and banking aid to its population. Reportedly, Schan Duff, Vice President of Strategy for Kiva with Sierra Leone President, Julius Maada Bio, established the system in the capital…

Tether Plans Stablecoin Backed by Chinese Yuan – Here’s Why it Could Back-Fire

August 22nd, 2019

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,…

Bticoin Fear and Greed Index Raises Alarms as Price Plunges to $10,200

August 21st, 2019

Bitcoin dropped by 5.4% to test from the 10,800 levels. The drop began at the break of the new day with a huge plunge from 10,600 to 10,200 at around 3: 00 hours. Bitcoin [BTC] selling pressure dragged the cryptocurrency markets along with it once again as the total market capitalization lost about $10 billion…

Bitcoin Price Analysis: BTC Slides Refreshing $10,200 Support; So, What’s Next?

August 21st, 2019

Bitcoin’s rising wedge pattern breakdown comes as an accurate prediction by Coingape. In an earlier analysis this week, we discussed Bitcoin potential drop to $10,200 support. Moreover, we went further to predict a fall to $9,000 in case $10,200 support fails to hold (the second part of the prediction is yet to occur but still…

Another Exit Scam? This Cryptocurrency Drops by 50% as Firm Ends Blockchain Project

August 19th, 2019

Horizon state, a blockchain voting platform ceased its operation citing insolvency issues. It’s native cryptocurrency – Decision Token (HST) plunged by 50% as the announcement was made. While not many crypto exchanges have listed the token, Bittrex and Upbit, are ones that did. The announcement was made earlier today. Reportedly, the token dropped around two…

Terrorist Group Turns To Bitcoin For Funding

August 19th, 2019

The Western Government has recently deemed Hamas, the militant Palestinian group as a terrorist organization. While the group has now technically been ousted from tapping any resources in the traditional financial system, its military wing is developing a campaign to raise funds using Bitcoin. Hamas, which has control over the Palestinian coastal territory of Gaza, owes…

Japanese Investors Can Now Do Spot Trading on e-Comm Giant Rakuten’s Crypto Exchange

August 19th, 2019

Japanese e-commerce giant, Rakuten has launched its crypto exchange services to the public. The company made this known via an official announcement on Monday in which it was revealed that it is now offering a spot trading service on a dedicated Android app. Supported Assets The app will allow customers to make transactions including depositing…

Bitcoin Experts Mock Another Claim on Satoshi’s Identity – Why Does it Still Matter?

August 19th, 2019

The cryptocurrency markets have seen various imposters claiming to be ‘Satoshi Nakamoto’ – the creator of Bitcoin. The most famous and persistent claims for those who have been made by Craig Wright. He and Calvin Ayre have allegedly staged various attempts, e.g., the Copyright fiasco, in the past to assert the claims. Moreover, Wright is also…

Why Bitcoin’s Energy Consumption Is Actually Good For Long-term Global Economic Stability?

August 18th, 2019

According to a recent blog post by Unchained Capital, a financial company which offers cash loans to long-term cryptocurrency holders, the long-term necessity and importance of bitcoin’s energy consumption outweighs its controversial climatic influences and environmental disruption. According to the insightful conclusions, bitcoin’s “wasteful” energy consumption is a more rational alternative in building a better…