Month: October 2018

Public officials in Missoula County, located in the U.S. state of Montana, have decided to look into new regulations around cryptocurrency mining rather than seek to ban the activity entirely. As previously reported, miners have been drawn to the region thanks to access to cheap electricity, but local concerns about power rate spikes and noise levels have pushed some residents to call for a moratorium. Many of the recent comments posted online include calls for a moratorium on mining access, citing the prevalence Read more …

Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800 before buyers appear. Cardano price is trading in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to trade above $0.0900 after Read more …

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27. Muscat made a spirited case for the transformative, political impact of bleeding-edge technologies, saying that those who “pair the new digital economy with a new Read more …

The Daily Rumors, allegations, and assertions can all be found in today’s news roundup. Specifically, we have rumors of impending trouble with Tether, allegations of another Chinese exchange conjuring up fake volume, and assertions that Bitcoin and blockchain’s mass adoption is “inevitable”. We’ll reveal who made that bold claim, as well as substantiating the others, in this episode of The Daily. Also read: A Guide to Building Your Own Crypto Mining Rig Magical Chinese Trading Volume CER alleges several Chinese exchanges Read more …

Hong Kong has become the latest nation to introduce a 24×7, instant payments system as a fintech upgrade for retail payments in the country. Aptly dubbed the Faster Payment System (FPS), the initiative was first announced by the Hong Kong Monetary Authority (HKMA) – the country’s defacto central bank – two weeks ago. The new platform operates in real-time, all-the-time, to connect banks and stored-valued facility (SVF) operators, the HKMA said at the time. At launch, 21 banks including the Read more …

XRP sprang back to life in September despite a relatively bearish broader market. Over the course of the 30-day period, the price of the world’s largest cryptocurrency, bitcoin (BTC), dipped a modest 5 percent. Most cryptocurrencies succumbed to the same fate, but some were able to pick up a bid. However, none saw bigger gains than XRP, whose performance in September wasn’t just bullish, it was record-setting. On September 21 alone, the price of XRP shot up more than 75 percent and ended the Read more …

Key Highlights Ripple price gained traction and traded above the $0.6000 resistance against the US dollar. There is a key bullish trend line in place with support at $0.5555 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but dips towards $0.5500 and $0.5400 remains supported. Ripple price is trading with a bullish angle against the US Dollar and Bitcoin. XRP/USD is likely to resume upsides above $0.6000 after a short-term downside Read more …

Here’s what happened this week in Bitcoin in 99 seconds.    Google is ending its ban on crypto-related adverts across the US and Japan. The ban was put in place this June. It’s expected this will boost adoption by exposing more people to crypto. Bitmain published its IPO prospectus, making public its recent financial statements. Analysis shows a net loss of nearly $400 million in the second quarter of 2018, but also a $442 million investor bailout in August. Read more …

People need to rethink before bragging about owning a lot of bitcoin in a public forum, as this might give way for scammers to target them, says a Google executive, who fights email frauds and abuses. Speaking to CNBC, Mark Risher said that there has been an increase in attacks against people who hold cryptocurrencies in wallets. Boasting about owing bitcoin in public message boards can be quickly followed by criminal activities on their mail accounts, he said. “It could just Read more …

Key Highlights ETH price gained traction and moved above the $230 resistance against the US Dollar. There is a monster bullish trend line in place with support at $221 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to move higher as long as the $221 and $223 supports are intact. Ethereum price is showing bullish signs against the US Dollar and bitcoin. ETH/USD is facing resistances near the $236 and $238 levels. Ethereum Price Read more …

In a decision that could rattle the Chinese regulators, a newly opened hotel announced that it is accepting payments in Ether. Ethereum Hotel, as the establishment is called, opened its doors at the National Scenic Area of China’s Sichuan province, becoming the first hotel in the country that publicly accepts cryptocurrency. The owners behind the crypto-titled business didn’t provide any details about how they plan to tackle regulators that are reportedly opening new fronts in its battle against cryptocurrencies like Ethereum. Read more …

On Sept. 26, Australia’s National Science Agency (CSIRO), an independent Australian federal government agency responsible for scientific research, developed a blockchain network called Red Belly with the University of Sydney. They successfully conducted a pilot test on the Amazon Web Services (AWS) global cloud infrastructure, processing more than 40,000 transactions per second. At 40,000 tx/second, Red Belly is able to process information on an immutable network at a capacity that is 6,666 times larger than the Bitcoin network and about Read more …