Month: April 2020

Sygnum Bank, the first crypto bank licensed by FINMA, announced on April 30 that Ripple’s XRP tokens are now available through its banking services platform. Users can access deposit, exchange, and credit services using the popular digital currency. Based in Switzerland, the bank will now allow the third most capitalized digital token behind Bitcoin (BTC) and Ethereum (ETH) to be used by clients seeking to diversify their direct investments in digital tokens, in conjunction with other asset management products offered. Read more …

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency. At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical indicator moving averages converging, thus signaling sideways sentiment. After bitcoin prices jumped to their highest levels in nearly two months, up as much as $9,478 on Coinbase in early trading Thursday, dismal unemployment numbers cut the gains down to Read more …

While Google’s subsidiary, YouTube, is facing a lawsuit for promoting cryptocurrency scams, Google’s advertising platform continues to display fraudulent crypto ads through its advertising network. According to a report by Bitcoin (BTC) crypto exchange, CoinCorner, Google Ads was running an ad for CoinCorner’s phishing clone website, CoinCornerr.com. The issue was reported by CoinCorner’s marketing manager, Molly Spiers, on April 30. Google Ads promotes a crypto scam but doesn’t want to promote a real firm Spiers told Cointelegraph that CoinCorner’s team Read more …

Cypherium blockchain joins the Microsoft for Startups program with the goal of becoming a part of the company’s blockchain-as-a-service, or BaaS, offering in the coming months. Cypherium blockchain uses a combination of proof-of-work, or PoW, and HotStuff consensus algorithms. The latter is also used by Facebook’s Libra project.  Libra retreating In a Cointelegraph interview, Cypherium CEO, Sky Guo, said that with the recent changes made to the Libra whitepaper, his project is seemingly the only permissionless platform to use HotStuff: Read more …

While many other accounts have seen reinstatement shortly following their bans in recent days, YouTube has still not brought the CrytptosRus channel back to life. It has now been three weeks since the channel creator’s original petition for reinstatement.  “My channel is still banned,” CryptosRus host, George, told Cointelegraph in an April 28 email, adding that YouTube has not updated him on the situation. “I appealed the decision three times now,” he said.  YouTube bans for days The social video Read more …

The latest rally in Bitcoin has caused the Relative Strength Index to reach shocking highs. Such a reading would typically indicate a pullback is due, however, it can also be a signal that the bull market is back in full force. Comparing the RSI to past Bitcoin bear and bull cycles, provides clues as to what may happen next for Bitcoin price, as the asset inches ever closer to its block reward halving. Bitcoin Price RSI Reaches Insanely Overbought Conditions Read more …

Advertisment Ethereum saw a massive rejection from its overnight highs that led it to reel lower today, erasing part of the gains that were incurred during yesterday’s uptrendThis has caused the crypto to flash signs of technical weakness, especially while looking towards its Bitcoin trading pairOne analyst is also pointing to an extremely bearish XRP fractal pattern that ETH has been closely tracking as a potential reason why lower lows are imminent Ethereum incurred a massive uptrend yesterday alongside Bitcoin Read more …

On April 29, Cointelegraph participated in a fireside chat event organized by the Webit Foundation. The panel, with the title of “Can blockchain be a solution for the upcoming economic crisis,” featured Roger Ver from Bitcoin.com as the main speaker. Like all events during the Coronavirus pandemic, the panel was held virtually, with its participants dialing in via video conference. The talk was hosted by Dr. Plamen Russev, executive chairman of Webit Foundation. The chat featured Roger Ver, Bitcoin.com’s executive Read more …

Cointelegraph conducted an exclusive interview with Binance founder and chief executive, Changpeng Zhao, or CZ, during Virtual Blockchain Week. During the discussion, CZ addressed concerns from the crypto community regarding the size and influence of Binance amid the firm’s increasing acquisitions and horizontal expansions. CZ: ‘the free market works’ On the topic of Binance’s increasing presence within the crypto ecosystem, CZ stated: “I think basically there’s two sides to it.”  “So there’s the worry about are we too big or Read more …

Andreessen Horowitz’s (a16z) second crypto fund shows the venture capital firm is targeting specific areas to invest in the cryptocurrency space. The company said Thursday it had raised a total of $515 million – more than the original $450 million target – for a second fund called “Crypto Fund II,” dedicated to cryptocurrency and blockchain projects. It’s also more than $150 million raised for VC’s first crypto fund, which launched back in the summer of 2018. In the blog post Read more …

George Calle is Market Intelligence Lead at R3, an enterprise blockchain software firm.  In just a few short years, digital currencies have progressed hugely. But while the early adopters of cryptocurrencies dreamed of entirely new digital coins transforming the way we pay for things, the volatility of cryptos like bitcoin has made this vision impossible to date. As a result, the most common retail use for digital currencies is speculative trading. Yet, the underlying technology has been adopted by the Read more …

Over the past three years, Binance has expanded its operation, even through a major crypto bear market. This trend has continued into the current coronavirus-induced mainstream financial crisis. “We always continue to expand even during the bear market in 2018, which is when we launched our community blockchain initiative, Binance Chain,” Binance co-founder Yi He told Cointelegraph. “Also, we began exploring partners around the world for local fiat-to-crypto access, licensing our technology and operating in their respective jurisdictions.” Growing through Read more …