Price predictions have been coming thick and fast over the past couple of weeks since crypto markets took their biggest dive in mid-November. Bitcoin has been the litmus test for the rest of the crypto market which still seems to be hopelessly coupled to its price swings. Are we at the bottom yet? Analysts and traders have been scrambling to determine whether this is the bottom yet, in order to get in at the optimum time for when things finally Read more …
The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology, Cointelegraph Japan reported Nov. 30. LayerX, which formed in August as a joint venture from news curation app Gunosy and advisory service AnyPay, oversees blockchain integration for enterprise, including areas such as smart contracts and general consulting. Using Microsoft’s Azure Blockchain-as-a-Service (BaaS) solution, the companies will seek to promote the technology further in the domestic economy. “We will support the Read more …
The Minister of Economic Development of Russia referred to Bitcoin (BTC) as a “soap bubble” that has has led to investors’ losses, Russian informational agency RBK reported Nov. 28. Minister Maksim Oreshkin, speaking in an interview with RBK, noted how the the cost of Bitcoin (BTC) has decreased dramatically, referencing the coin’s rise to $20,000 in December 2017: “When Bitcoin’s price jumped up to $20,000, and now it is lower than $4,000, we said very simple things: Bitcoin itself is Read more …
Key Highlights ADA price started a decent recovery after forming a support at $0.0350 against the US Dollar (tethered). There is a short term bullish trend line formed with support at $0.0410 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb further higher and it may even break $0.0450 in the near term. Cardano price recovered recently against the US Dollar and Bitcoin. ADA/USD may accelerate gains above the $0.0440 and Read more …
Taiwan-based tech giant Asus is now letting gamers use the number crunching power of their graphics cards to earn a share of profits from cryptocurrency mining. The company announced Thursday that it has partnered with mining app provider Quantumcloud to allow gamers to earn “passive income” by allowing access to their Asus graphics cards (or GPUs) when not being used for other PC tasks. Earnings will be paid out via PayPal or WeChat. The app uses gamers’ GPUs to collectively power Read more …
Crypto markets have held their gains, Stellar and Zcash leading the way. Cryptocurrency markets have held on to their gains following two days of recovery from extremely low levels. Things are not great mind you and markets are still at very depressed levels for the year, but the good news is that they haven’t dumped any further over the past 24 hours and total market capitalization is still just below the $140 billion level. Bitcoin has stayed above the $4,200 Read more …
Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Huaren Capital had entered the Philippines’ business territory to expand its crypto mining business. But the Chinese firm has found another purpose on the sideways. The crypto giant plans to launch a digitized version of Philippino Peso called “Digital Peso” in the first half of 2019, reported Inquirer. The coin, whose per unit value would likely Read more …
Global tech giant Intel, known for its widely-used computer processors, has won a patent connected to its work in the area of cryptocurrency mining. On Tuesday, the U.S. Patent and Trademark Office awarded the company a patent outlining a processor which claims to be able to conduct “energy-efficient high performance bitcoin mining,” specifically naming the SHA-256 algorithm used by the world’s largest cryptocurrency by market cap. As reported, Intel has previously sought patents related to its work in the area of crypto Read more …
Key Points Bitcoin price struggled to break the $4,400-4,440 resistance and declined against the US Dollar. There was a break below yesterday’s bullish trend line with support at $4,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of more losses below the $4,100 and $4,080 support levels. Bitcoin price formed a short term top near the $4,440 level and declined against the US Dollar. BTC/USD is likely to correct Read more …
There can be no better boost for a cryptocurrency during hard times than a major exchange listing. They come no bigger than Coinbase which has recently announced that it would be adding Zcash to its Pro trading platform. In a company blog post yesterday Coinbase revealed that it would be enabling Zcash deposits on November 29. Deposits will be accepted for 12 hours before trading is opened and sufficient liquidity for the ZEC/USDC pair has been reached. The post also Read more …
Swiss bank UBS’ Wealth Management Global Chief Economist and infamous Bitcoin skeptic Paul Donovan doubled down on his distrust of cryptocurrency Nov. 29, calling it “fundamentally flawed.” Speaking to CNBC’s Fast Money segment, Donovan, who earlier this week released an internal blog post titled “I come to bury Bitcoin, not to praise it,” repeated his criticism of the innovative financial instrument. “I think anyone with a high school education in economics has been a Bitcoin skeptic right from the start,” Read more …
Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Union Bank of Nigeria PLC, Nigeria’s sixth largest bank by assets has issued a general notice informing its customers that henceforth all accounts linked to cryptocurrency trading activities will be monitored and may be subject to restrictions going forward. Originally owned by Barclays Bank before becoming locally owned in 1979, the bank is one of the Read more …