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Overnight Bitcoin (BTC) was able to incur a significant amount of upwards momentum that sent it shooting past its previously established resistance level around $10,800, and any extension of this upwards momentum is highly likely to send the crypto into the $11,000 region in the very near-future. This upwards momentum has also allowed Bitcoin to begin forming a highly bullish technical formation that could help it significantly further extend its recently established upwards momentum. Bitcoin Surges Towards $11,000 At the Read more …

Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances.  The RippleNet blockchain is one such product, which aims to reinvent how these payments are Read more …

A subsidiary of Chinese oil and chemical giant Sinochem Group is reportedly in discussions regarding a blockchain platform with Royal Dutch Shell and Australian financial services firm Macquarie Group. As Reuters reported on Sept. 5, sources familiar with the matter said that Sinochem Energy Technology entered into negotiations with the two companies to examine the development of a blockchain platform for crude oil in July. $14 million blockchain platform The planned blockchain-based platform is reportedly dubbed Gateway, with a value Read more …

Bitcoin price has posted positive returns every quarter this year till date. Last time this happened, we saw BTC hit $20,000 in 2017. Is bitcoin preparing to repeat history then?  Bitcoin Hit Green in All Quarters This Year Bitcoin is quietly inching towards the $11,000 price mark, as the contents of this piece are being put out. The positive trend has hit a home run every quarter since the beginning of this year. As pointed out by London-based market analytics Read more …

The Dow Jones shrugged off a mixed jobs report to rally after Powell reassured investors the Federal Reserve is committed to boosting inflation. | Source: REUTERS / Arnd Wiegmann (i), AP Photo / Richard Drew (ii). Image Edited by CCN. The Dow pounded toward session highs on Friday afternoon after Federal Reserve Chair Jerome Powell clapped back at recession panic and assured investors that the central bank is committed to ensuring that inflation remains close to target. Most importantly, Powell stressed the Read more …

The testnet launch of ethereum’s Istanbul system-wide upgrade has been set. “For anyone listening in who doesn’t know how this works, we pick a block number that we estimate to be around the 2nd of October,” Ethereum Foundation community manager Hudson Jameson said Friday on an ethereum core developer call. “However, that might be one or two days behind or forward from that date based on how fast blocks are produced between now and then.” Originally targeted for Sept. 4, the Read more …

Bitcoin price is closing in on $11,000 after a period of extreme volatility. Last week, the crypto asset fell below $10,000 in what many are calling a bear trap, and quickly bounced from lows around $9,400 back up the current price of $10,900 where it is currently trading. Along the way back up, yet another CME Future gap was created, making four total gaps that are just waiting to be filled. With the leading crypto asset trending up once again, Read more …

Sony announced today the Only On PlayStation Collection, a carefully curated collection of what have been widely deemed the finest PS4 exclusives. | Source: PlayStation UK Sony announced today the Only On PlayStation Collection, a carefully curated selection of what have been widely deemed the finest PS4 exclusives from the past few years. The Only On PlayStation Collection. Ten exclusive games that define the generation, featuring new interpretations of their iconic artwork. https://t.co/yABzpKxVGY pic.twitter.com/RpLfT4Ek8X — PlayStation UK (@PlayStationUK) September 6, Read more …

Michael Novogratz’s cryptocurrency investment bank Galaxy Digital has gained approval from the Financial Industry Regulatory Authority (FINRA) to underwrite registered public offerings of securities. As reported by Bloomberg on Sept. 6, the company has its sights on facilitating security token offerings, or STOs. FINRA is a non-governmental private organization that acts as a self-regulatory body for member firms and exchange markets. The Goldman Sachs of cryptocurrencies Novogratz is a former partner at Goldman Sachs who wants his firm Galaxy Digital Read more …

Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide. Another region that’s seen a massive influx of BCH adoption is Keene, New Hampshire, a place that’s widely known for its lack of taxation, and the growing number of libertarian residents. With a city population of around 23,000, there are 78 BCH-accepting businesses providing goods and services for bitcoin Read more …

Over the last few months, there’s been a lot of attention directed toward destinations like Slovenia, North Queensland, Japan, and Venezuela which capture the largest number of bitcoin cash merchants worldwide. Another region that’s seen a massive influx of BCH adoption is Keene, New Hampshire, a place that’s widely known for its lack of taxation, and the growing number of libertarian residents. With a city population of around 23,000, there are 78 BCH-accepting businesses providing goods and services for bitcoin Read more …

Switzerland’s central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCN Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra. This was revealed by the chairman of the governing board of the Swiss National Bank, Thomas J. Jordan, in Read more …