Month: February 2020

Chainlink’s native token LINK was among the biggest gainers as a majority of assets in the crypto market plunged deeply earlier this week. The eleventh-largest cryptocurrency beat the bearish odds to grow by more than 40 percent since February 26. It established a week-to-day high at $4.38 in early Saturday trading, hinting its inclination to behave as a hedge against Bitcoin, the top asset that plunged by circa 16 percent this week. #Chainlink is receiving tremendous exposure during this $BTC, Read more …

Coronavirus Why you should stop use Cash and buy Bitcoin Advertisment In the fight against the further spread of the coronavirus, China’s banks have now also got quarantined banknotes because the coronavirus is apparently transferable through the banknotes. In Hubei province, banknotes worth four billion yuan (around 530 million euros) have already been reprinted. In Germany, the authorities do not recommend using cash! “For citizens, the same hand hygiene measures are recommended for handling banknotes and coins as for all Read more …

The Dubai-based RAKBANK and BDO Unibank (a full-service universal bank in the Philippines) will be using Ripple’s payments ecosystem, to expedite remittances to the Philippines. RAKBANK Expands Remittance Services Through Ripple, BDO Partnership RAKBANK joined BDO, a full-service bank in the Philippines, to extend its activity in the region. The Dubai-based institution already has a footprint in the country and is part of the RippleNet ecosystem. Through the RakMoneyTransfer (RMT) service, the bank aims to extend fast, secure, frictionless and Read more …

Advertisment ArcBlock launches new “I DID IT” initiative focused on real-world blockchain applications and interactive training for developers, businesses and users to experience decentralized identity first hand and learn about the benefits of blockchain technology. Bellevue, WA, – ArcBlock, a leading blockchain development platform, and decentralized identity provider has launched its new “I DID IT” initiative focused on real-world applications and interactive training for developers, businesses and users to experience decentralized identity first hand and learn about the features and benefits Read more …

An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers.  The Seychelles-based exchange issued Cointelegraph a statement indicating that it is not currently able to comment on the incident and is seeking legal counsel:  “Digitex Futures is aware of a leak of confidential data. We are not able to comment fully on the incident at Read more …

Bitcoin (BTC) saw a difficult week as it hit one-month lows, but on gold markets, traders were nursing the biggest daily falls in over seven years. According to data tracking XAU/USD on Feb. 29, Friday saw the precious metal’s worst 24-hour drop since 2013. Gold drops 7% in 5 days after coronavirus sell-off Over the past five days, gold broadly succumbed to the sell-offs affecting traditional markets due to the ongoing coronavirus outbreak. Between Feb. 24 and Feb. 29, XAU/USD Read more …

Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who sees it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover. The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this week, going against the perceived upside sentiment that was led by the Golden Cross formation. The pair on Friday established a weekly low at $8,428.80. Read more …

This week has been witness to some of the largest declines in global stock markets as Coronavirus fears intensify. Even safe haven assets such as gold and silver have taken a hit so where is all the money going? A $40 Billion Crypto Rout Since Monday, $40 billion has left the crypto space which equates to a market decline of around 14%. This is nothing unusual for crypto markets which remain volatile to say the least. Since the beginning of Read more …

As the Bitcoin halving draws ever nearer, the demand for the digital asset keeps soaring, having seen an increase of around 15% against the United States dollar in the past month. The Bitcoin halving is predicted to take place during May 2020 and will see Bitcoin’s issuance rate decrease from 12.5 to 6.25 BTC every block or around every 10 minutes. As time goes on, Bitcoin’s scarcity and high stock to flow rate continue to make it an increasingly attractive Read more …

Advertisment Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies of market actors everywhere, regardless of worldview. This post seeks to examine the background of what is known as Sharia compliance in crypto, looking at the relationship between bitcoin Read more …

Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies of market actors everywhere, regardless of worldview. This post seeks to examine the background of what is known as Sharia compliance in crypto, looking at the relationship between bitcoin use Read more …

Bitcoin is known for its parabolic movements to the upside; BTC’s infamous rally from $1,000 to $20,000 in 2017 was a clear parabola higher, marked by rapidly-increasing highs and an eventual blow-off top, which saw BTC correct 60% within weeks after the peak. Though, the cryptocurrency also trades parabolically to the downside. A prominent analyst recently touched on this, warning that the “downside parabolic structure” Bitcoin is currently forming suggests a stronger crash is nearing. Bitcoin Could Crash Further, Predicts Read more …