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Japan may be on its way to creating a state-issued digital currency, but local companies in the world’s third-largest economy can still innovate and provide some healthy competition.   Coincheck, the crypto exchange based in the Asian nation, currently handles trading, selling, and buying for eleven cryptocurrencies. They announced on Feb. 25 that they were planning to add another to the mix. The cryptocurrency Qtum (QTUM) will soon be the 12th available for trading on the exchange.  How will Qtum be Read more …

Bitcoin struggled to stay above $9,750 and declined towards the $9,500 support against the US Dollar. BTC price could decline heavily if it settles below the key $9,500 support. Bitcoin price struggled to continue higher and declined below $9,750 against the US Dollar. A strong support is forming on the downside near the $9,500 area. There is a key bearish trend line forming with resistance near $9,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The Read more …

J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. I don’t know about you, but the thing that got me interested in bitcoin was its potential to become a popular way to make payments and remittances. Over the years, we’ve been constantly disappointed on this front. Bitcoin payments just never caught on with the masses. Meanwhile, usage of fiat-based Read more …

“Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday. Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO of Tron, and long-time believer in crypto. In May 2019, the two gathered with others at a fundraiser for the Glide Foundation, a charity organization that helps the homeless in San Francisco. Speaking billionaire to billionaire, the young Read more …

CoolBitX, creator of the cryptocurrency-storing CoolWallet, continues to be popular with investors. In a press release today, the Taiwan-based startup announced that it had secured additional funding for expansion. Led by Japan-based SBI Crypto Investment Co. Ltd., the Monex Group, BitSonic, and the National Development Fund of Taiwan, the group provided CoolBitX $16.75 million from the Series B funding round. To date, the company has raised $30.25 million: $500,000 from a seed funding round, $13 million from Series A, and Read more …

Ripple failed to stay above the $0.2740 support and extended its decline against the US Dollar. XRP price is currently testing the key $0.2650 support and it could correct higher Ripple price is down 3% and it traded below the $0.2740 support against the US dollar. The bulls are currently protecting the $0.2650 support area. There is a short term ascending channel forming with resistance near $0.2720 on the hourly chart of the XRP/USD pair (data source from Kraken). The Read more …

Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. Done right, international standards are something we can take for granted.  Very few have been caught marveling at the magic of withdrawing cash from an ATM that isn’t owned by their own bank; or the crazy convenience of scanning and reading a QR code with any type of mobile device; or the awesomeness of their Read more …

Ethereum is currently declining and trading below $270 levels against the US Dollar. ETH price could dive towards the $255 support area before it starts a fresh upward move. Ethereum struggled to climb above the $280 resistance and declined recently against the US Dollar. The price is currently declining and trading below the $265 support area. There is a key descending channel forming with resistance near $266 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is Read more …

After surging as high as $10,000 on Sunday evening, Bitcoin slumped. The cryptocurrency, which has been subject to extreme volatility over the past two weeks, suddenly plunged from $10,000 to $9,700, then continued to drop to a daily low just below $9,500 just hours later. Despite this rapid reversal, there is a silver lining. The Silver Lining in Bitcoin’s Price Action As pointed out by popular crypto trader CryptoHamster, Monday’s plunge wasn’t as bearish as many have painted it to Read more …

Advertisment On Sunday, developers of the Flipstarter.cash project announced the start of private testing for the platform’s BCH assurance contracts and the team also revealed the first two funding projects. One of the first funding goals will be raising bitcoin cash for the nonprofit food charity Eatbch in Venezuela and South Sudan. Additionally, Flipstarter hopes to raise $500,000 toward BCH infrastructure development and suggested a list of six full node teams that could leverage the application. Also Read: Voluntary Financing: Read more …

Over the past few days, the crypto market as a whole has not fared too well. XRP, especially, has suffered greatly. Indeed, the third-largest cryptocurrency, which was trading at multi-month highs just a few weeks ago, has plunged from a price just north of $0.34 to as low as $0.264 today — a crash of nearly 23%. This means that over the past few days, XRP has underperformed Bitcoin, which posted a relatively mild 9% loss in the same time Read more …

The past week has been volatile for Bitcoin, and yesterday was no exception. In the evening, BTC bulls were able to push the cryptocurrency up to highs of $10,000 before it faced a swift rejection that has led it to grind lower today. The crypto’s inability to gain any stability within the five-figure price region certainly does seem to spell trouble for bears, but it is important to keep in mind that sellers have not been able to catalyze any Read more …