Trade Wars: LocalEthereum is Now LocalCryptos, Will It Outpace LocalBitcoins?

November 19th, 2019

In a recent development, LocalEthereum, a peer-to-peer (P2P) trading platform for Ether (ETH) has changed its name to LocalCryptos, to support more crypto assets including ERC-20 tokens. The firm aims to become a leader in the P2P fiat-to-crypto trading space. Will LocalCryptos Matchup to Arch Rival LocalBitcoins? With this new initiative, LocalCryptos aims to compete…

Crypto Weekly: Bakkt Extends Crypto Custody, Launches Crypto Lending Services and more

November 17th, 2019

Bakkt Extends Crypto Custody to All Institutions Bakkt now offers Bitcoin custody to all institutions. Clients all over the world can now safeguard their assets using Bakkt’s enterprise-grade offering. Furthermore, the latter has also received authorization from the New York Department of Financial Services (NYDFS) to offer bitcoin custody to all institutions. The list of…

China: Speculations Thrive As China Complicates Stance on Cryptocurrencies

November 16th, 2019

A few days back, the People’s Congress in China passed the cryptographic law and it is all set to come in effect starting January 2020. The Chinese president, Xi Jinping also in an organized study session lauded blockchain and said that the communist party should tap blockchain for technological advancement. Well, this was taken as…

Chainlink Rises 9.45% in 24 Hrs, Crosses $1 Billion Market Cap

November 14th, 2019

LINK prices are up by 8.46  in 24 hours. Chainlink (LINK) opened the day trading at $2.81 on the 13th of November and is trading at $3.07, at press time. LINK’s Market Cap Crosses $1 Billion LINK’s market cap has also made a significant move in the past 24 hours. It has reached $1.05 Billion…

Bitfinex to Offer Options Trading; Are Exchanges Racing to Board the Crypto Derivatives Train?

November 13th, 2019

Derivatives trading in the crypto sphere has been a matter of speculation and discussions. Of late, a surge in the number of platforms offering derivatives […]

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New Blockchain Game Beats CryptoKitties’ Record in ERC721 Token Transactions

November 13th, 2019

There is no denying that ERC 20 standard tokens still hold the bulk of transactions on Ethereum. Nonetheless, the recent spike in ERC 721 non fungible tokens (NFT) transfers was quite noticeable. Gods Unchained, a blockchain based game, saw its ERC-721 transfer count peak during the month of November blasting past the previous high achieved…

Bitcoin Price Analysis: Why Bitcoin Bulls Are Burying Their Heads In The Sun?

November 12th, 2019

Bitcoin current trend is mundane and annoying for day traders. The consolidation comes after a bearish 24 hours where Bitcoin dived from highs above $9,000 to form new support above $8,500. Correction to the upside is hampered at $8,800, besides the dominating moment has a bearish bias. The four-hour chart shows the price way below…

Singapore’s Central Bank, JP Morgan To Develop Blockchain-based Cross-Border Payments System

November 11th, 2019

Singapore’s Central Bank, the Monetary Authority of Singapore (MAS) has partnered with investment banking giant JP Morgan and developed a blockchain prototype for cross-border payments.  Payment Settlements Using Different Currencies On Single Network The prototype will enable payment settlements using different currencies on the same network. For the same, Temasek, an investment firm owned by…

Bitcoin Price Fails to Hold Above Weekly Close, $5 Mln Longs Liquidated on BitMEX

November 11th, 2019

Bitcoin rose $200 on Sunday as price broke above $9000. The psychological positive move along with green across the entire crypto market raises the sentiments of most traders towards the year-end. However, it fails to hold the bullish psychological as the price has fallen back to $8950 levels. The price of Bitcoin [BTC] at 4: 30 hours…

China’s State Newspaper Recognizes ‘Bitcoin’ in a Bittersweet Symphony

November 11th, 2019

The most prominent and influential state-run news agency in China, Xinhua (‘New China’), just published an article on Bitcoin and blockchain. The title of the article, Bitcoin: The First Successful Application of Blockchain, looks positive. However, when one goes through the material, it leaves a bitter after taste. Xinhua article on Bitcoin: The First Successful…