Month: November 2018

Twitter Facebook LinkedIn Over the past 24 hours, more than $14 billion has been wiped out of the crypto market as Bitcoin (BTC) dropped by five percent. Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Stellar (XLM), Litecoin (LTC), EOS, and many other cryptocurrencies recorded losses in the range of 7 to 15 percent. Why is Read more …

U.S.-based cryptocurrency exchange Kraken has warned users against the perceived risks of trading the new bitcoin cash token, Bitcoin SV (BCH SV) – one of two competing versions of the cryptocurrency created when the blockchain split during last week’s hard fork upgrade. Kraken said in a blog post on Sunday that, while it has credited BCH SV tokens to its clients since the fork and has also launched trading in SV, the new crypto “does not meet Kraken’s usual listing requirements” and Read more …

Twitter Facebook LinkedIn The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country. This has seen the ministry unveil an issuance and verification system for university degrees based on the NEM blockchain. Known as the e-Scroll system, the idea of the blockchain application was mooted early this year by the Council of ICT Deans of Malaysian universities. The e-Scroll system is Read more …

Key Points Bitcoin price is currently under pressure below the $5,500 resistance level against the US Dollar. There was a break below a key bullish trend line with support at $5,530 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is declining and it seems like it could break the $5,230 and $5,200 support levels. Bitcoin price is moving lower towards the last low against the US Dollar. BTC/USD could accelerate declines below if there Read more …

Bitcoin-based smart contract protocol Rootstock (RSK) is integrating with spin-off project RIF OS to expand its scope of operations, the parties confirmed in two separate blog posts Nov. 18. As part of the deal, RIF Labs, the structure behind off-chain infrastructure layer RIF OS, will acquire RSK’s counterpart RSK Labs. RIF started out as a side project from the same executives who held senior positions at RSK. Together, they plan to enable the RSK protocol to go beyond Bitcoin and Read more …

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly,  a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The most commonly cited number for comparing the worth of different crypto projects is market capitalization. It is an extremely flawed metric. Critics note, for example, that poor liquidity, combined with lax rules at many exchanges, let founders and large holders Read more …

There have been few survivors from last week’s crypto rout which saw almost $30 billion wiped off the markets in a couple of days. Bitcoin for one has taken a beating this time and has settled at a new price range indicating that a recovery could be a long way off. XRP on the other hand has weathered the digital storm and emerged on top, well on top of Ethereum at least. Solid Performance Over The Past Month Ripple constantly Read more …

Key Highlights ADA price extended losses below the $0.0620 and $0.0600 support levels against the US Dollar (tethered). There was a break below a connecting bullish trend line with support at $0.0614 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below $0.0600 and it could continue to move down in the near term. Cardano price fell significantly recently against the US Dollar and Bitcoin. ADA/USD is likely to decline further Read more …

Twitter Facebook LinkedIn Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around. According to the governor of the Bank of Thailand (BoT), Veerathai Santiprabhob, plans to switch from cash to a digital currency will not happen within the ‘next 3-5 years’. This is because the process of creating a central bank digital currency (CBDC) ‘is not easy’ and is time-consuming due to the complex Read more …

Key Highlights Ripple price is holding gains above the $0.4700 support level against the US dollar. There is a key bullish trend line formed with support at $0.4800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate gains once there is a break above the $0.5000 and $0.5180 levels. Ripple price is trading in a bullish zone against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near Read more …