Digitex Futures Alpha Testing Is Causing Quite a Stir

Many people in the crypto space had written off Digitex Futures. The company with ambitious plans to remove commissions from bitcoin futures trading failed to deliver on its promises twice. Yet, after some very public scraps with development teams and backlash from investors, the company is gearing up for its public testnet launch on Nov 30. Closed testing has already begun–and the feedback is said to be extremely positive. Digitex Finally Has a Working Product So far, around 100 or Read more …

Paypal CEO Admits He Owns Bitcoin

The CEO of Paypal, Daniel Schulman, has revealed in an interview that he personally owns bitcoin. He also talked about Paypal’s plans regarding cryptocurrency, how to achieve mass adoption, and why Paypal decided to leave Facebook’s Libra project. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines Schulman Owns Bitcoin Daniel Schulman, the president and CEO of Paypal, admitted in an interview with Fortune last week that he personally owns bitcoin. He joined Paypal in 2014 to Read more …

Bitcoin Visits Critical Long-Term Trendline; Break Below Could Lead to Massive Losses

Bitcoin (BTC) has continued to consolidate around its key near-term support at $8,000 and both its bulls and bears have remained deadlocked as it fails to gain any decisive momentum in the time since its recent drop down to its current price levels. Analysts are now noting that Bitcoin is currently trading at a key trendline that could significantly influence its near-term price action, with a break below it potentially leading to further losses. Bitcoin Consolidates Around $8,000 as Bulls Read more …

Bitcoin More Attractive During Times of Global Uncertainty

John Pfeffer, founder of Pfeffer Capital, together with Travis Kling, founder and CIO of Ikigai Asset Management and Charles McGarraugh, head of markets for Blockchain, discussed Bitcoin (BTC) in the context of Brexit, trade wars and geopolitical uncertainty. On Nov. 20, the panel of three sat down for an interview with Bloomberg’s Alastair Marsh at the Future of Digital Assets briefing in London, where they took a closer look at the idea that Bitcoin becomes more attractive as an investment Read more …

Asia-Pacific Forecast to Lead Global Blockchain Healthcare Boom

Use of blockchain technology in healthcare is expected to boom over the next few years. A recent report into the industry anticipates a massive $890.5 million being spent on blockchain systems across the global sector by 2023. Expected to lead the adoption of blockchain technology in healthcare is the Asia-Pacific region. Governments of the region have shown most willingness to invest and adopt the technology globally so far. Spending on Blockchain in Healthcare Set to Reach $890.5 Million According to Read more …

Op Ed: Equity Funding Is Still a Good Old-Fashioned Way to Raise Capital

In 2017, the world hit a fever pitch with ICOs; a concept that was only three years old had taken the crypto internet by storm.  From the outset, the initial coin offering (ICO) as a concept was beautiful. It took away the barriers to invest for the average person. It enabled anyone to support not only startups and open source projects but, for the first time, protocols. The problem was that almost all the temporary glitch moonshot returns that made Read more …

With 7,600 Blockchain Patent Applications, Chinese Firms Far Outpace US

Measured by patent applications in the sector, China is handily outpacing other countries including the United States in blockchain technology. On Nov. 20, Japan-based financial newspaper Nikkei reported that Chinese companies submitted around 7,600 applications between 2009 and 2018 — about three times as many as U.S.-based companies. A total of 12,000 blockchain applications According to Tokyo-based research firm Astamuse, the U.S., China, Japan, South Korea and Germany together submitted around 12,000 blockchain-related patent applications through 2018, with China accounting for Read more …

Doom or Double Bottom? — Bitcoin Price Support at $7.8K Is Key

Bitcoin’s (BTC) price action continues to be less than impressive unless one is a bear capitalizing on the current shorting opportunities.  Bulls pinned their hopes on BTC price breaking out of the falling wedge in a strong upside move since the consensus was that this particular pattern tends to produce bullish outcomes more often than not. This was not the case and Bitcoin price toppled below the descending trendline to $7,981.  Since reaching a dominance rate of 69.35% on Oct. Read more …

Ethereum On Track to Tap Bullish Support Region, Could Catalyze Move to $260

Bitcoin’s recent drop to the low-$8,000 has sent bearishness echoing across the aggregated market, leading major altcoins like Ethereum to post relatively large losses. ETH, which was testing an upwards break above $190 prior to BTC’s drop, is now trading below a key support level. Ethereum’s break below this key support level could mean that further losses are imminent, but analysts are noting that one support region that lies significantly lower than its current price levels could catalyze a massive Read more …

Devs Reveal BCH Cashchannels and Simple Escrow Contracts

Bitcoin Cash (BCH) supporters have been introduced to two new concepts that allow people to leverage the BCH network in a variety of innovative ways. On November 15, former Bitpay developer Jason Dreyzehner revealed his recurring payments system for BCH called Cashchannels. A few days later, on November 18, Karol Trzeszczkowski published a plugin for Electron Cash that allows a user to create a simple escrow contract. Also read: Cointext Founder Publishes New ‘Postage’ Specs for SLP Tokens Cashchannels Every Read more …

Bitcoin.com Launches $200M Bitcoin Cash Investment Fund

Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund. Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by major global crypto wallet Blockchain.com. The new Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash, a cryptocurrency that emerged from a hard Read more …

Bitcoin Price to Touch $4.2K After Q4 Sell-Off, Analyst Calls

A popular technical analyst believes that benchmark cryptocurrency Bitcoin would continue its decline for the remainder of this year. Twitter analyst Bitcoin Jack (BJ) on Tuesday said bitcoin is testing $7,880 as crucial support on the daily chart. It is therefore likely for the price to either bounce back from the said level or to close below it. Stressing on the latter, BJ noted that a downside move would allow bitcoin to retest $6,000, the level which last year capped Read more …