Month: August 2019

The UK’s top financial watchdog has concluded that Bitcoin and Ether do not require regulation, whereas utility tokens and some stablecoins will. The FCA Makes Decision on Bitcoin & Crypto Regulation Only July 31, the Financial Conduct Authority (FCA), announced that it will not regulate Bitcoin and Ethereum. The FCA is the UK’s top financial watchdog and throughout 2018 and 2019 the regulatory body worked diligently to crack down on unlicensed crypto-investment schemes and scam projects.  The FCA issued the Read more …

A number of different securities opinion-makers, from Barron’s to CCN’s own Ben Brown, have opined that the Federal Reserve rate cut will ignite a bitcoin rally. The truth is that, like everything else having to do with bitcoin, any movement in its price will be based entirely on speculation. That’s why it will always be volatile. Interest Rates Mean Nothing For Bitcoin As much as bitcoin enthusiasts want to connect bitcoin price moves to monetary policy, fiscal policy, corporate earnings, Read more …

Bitcoin price climbed higher recently and broke the $10,000 resistance area against the US Dollar. The price retested the $10,200 resistance area and it is currently correcting lower. There was a break below a short term ascending channel with support near $10,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower, but dips remain supported near the $9,850 and $9,800 levels. Recently, there was a nice upward move in bitcoin price Read more …

The total crypto market cap extended gains and broke the key $260.0B resistance area. Bitcoin price gained more than 3% and broke the $10,000 resistance area. Litecoin (LTC) price climbed higher and recently tested the $100.00 resistance area. BCH price is correcting gains and it could revisit the $315 support level. Tron (TRX) price is trading above the $0.0220 level and it could continue to rise in the near term. Cardano (ADA) price is struggling to settle above $0.0600 and Read more …

Two groups seeking to promote blockchain technology in the Asia-Pacific have officially merged. Announced July 22, the Australian Digital Currency Association (ADCA) and Blockchain Australia (BA) signed documentation that will see the two groups formally combine efforts under the BA logo and brand. ADCA is the industry’s leading network for businesses seeking to implement blockchain solutions while BA is the industry body that represents domestic organizations participating in the crypto asset economy. The announcement, as well as the unveiling of Read more …

Ripple price extended gains and traded above the $0.3220 resistance area against the US dollar. The price topped near the $0.3240 level and it is currently correcting gains. There is a short term bullish trend line forming with support near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to bounce back as long as it is trading above the $0.3120 support area. Ripple price is placed nicely in a bullish zone Read more …

Today Bitcoin Cash (BCH) fans from all around the world will be celebrating the 2-year anniversary of the BCH network. The day is a great occasion to commemorate the dedicated BCH software engineers and the passionate community, alongside the number of achievements accomplished since August 1, 2017. Also Read: Btc.top CEO Highlights the Benefits and ‘Golden Mean’ of Bitcoin Cash Bitcoin Cash Block 478559 Fervent supporters of the Bitcoin Cash blockchain will be gathering together today to celebrate August 1, Read more …

ETH price climbed higher steadily and broke the $215 resistance area against the US Dollar. The price topped near the $220 level and recently corrected below $215. There was a break below an ascending channel with support at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well bid on the downside near the $210 and $208 support levels. Ethereum price is struggling to continue higher versus the US Dollar, while bitcoin broke $10,000. ETH Read more …

A team of former Royal Bank of Scotland (RBS) engineers is bringing trading and settlement of digital assets, including cryptocurrencies, to a private blockchain network originally developed for enterprise.   Revealed exclusively to CoinDesk, London-based LAB577, led by ex-RBS innovation lead Richard Crook, is rolling out its first platform offering, the Digital Asset Shared Ledger (DASL, pronounced “dazzle”). DASL is built on top of the Corda Network, the open-source blockchain system created by R3, a bank consortium that once personified the Read more …

The NBA has teamed up with Dapper Labs to create a blockchain-based tokenized marketplace for NBA highlights. | Source: (i) Ethan Miller / Getty Images / AFP (ii) hmong.xyz; Edited by CCN The National Basketball Association has long been known as one of the most progressive sports leagues in the world. They’re continuing their forward-thinking today with the announcement of the new blockchain-based game, NBA Top Shot. The NBA, along with the National Basketball Players Association (NBPA), has teamed up Read more …

The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game. According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020. The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According to the announcement, fans will be able to gather Read more …

July was yet another strong month for the stock markets despite looming threat of a coming economic recession, with the Dow, Nasdaq, and S&P 500 all close to beating out their average monthly gains for the calendar month. Bitcoin, however, has spent much of July locked in a downtrend. This morning as the Fed monetary policy meeting met its deadline to cut rates, the Dow Jones Industrial Average dropped sharply over the news. Around the same time, Bitcoin spiked above Read more …