A now-viral post by a Chinese cryptocurrency trader has highlighted the stark drop in the price of American sneaker-backed tokens in the wake of the fallout between the NBA and China. As Reuters reports on Oct. 16, the anonymous trader’s Weibo post from earlier this month had shone a spotlight on an apparent 10% crash in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a United States-based exchange. “It’s clear sneaker speculators were pulling money out Read more …
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Hosted by CoinEx Chain Foundation, “CoinEx Chain Global Nodes Election Launch Conference” was successfully held in Shenzhen on Oct 16. The conference marked the official launch of CoinEx Chain’s nodes election. More than 500 blockchain practitioners, including investors, KOLs, technical and financial experts, Read more …
A British victim of alleged cryptocurrency pyramid scheme OneCoin says she has received death threats for speaking out against the project. As reported by the BBC on Tuesday, Glasgow resident Jen McAdams personally invested some £8,000 ($10,160) and encouraged her family and friends to invest a further £220,000 ($280,000), all of which has disappeared. Since speaking on a BBC podcast on the issue, McAdams says she has received sexual and violent threats from OneCoin supporters. “It is horrible, the abuse is Read more …
Bitcoin and crypto markets may be down from their highs this year and still looking bearish, but longer term crypto investment products are still going strong as Grayscale can testify. The cryptocurrency investment firm has just posted its Q3 report and all is looking rosy. Quarter Billion Inflows For Crypto Investments Anyone that says institutions are not interested in crypto is barking up the wrong digital tree. Grayscale Investments’ Q3 report proves otherwise as over a quarter of a billion Read more …
Researchers have developed a new algorithm for distributed ledger protocols, which reporters claim could achieve security without the high power consumption of Bitcoin (BTC) mining. The algorithm, “Scalable Byzantine Reliable Broadcast,” was outlined in a paper first published this August and being presented today, Oct. 16, at the International Symposium on Distributed Computing (DISC 2019) in Budapest, Hungary. The paper’s authors, Rachid Guerraoui, Petr Kuznetsov, Matteo Monti, Matej Pavlovic, Dragos-Adrian Seredinschi — based at the Federal Polytechnic School in Lausanne, Read more …
Bitcoin (BTC) ATM firm Bitstop installed one of its machines at the Miami International Airport, announcing the news in a press release published on Oct. 15. The Bitcoin ATM has been reportedly installed in concourse G next to gate 16 and allows customers to buy Bitcoin for cash. A strategic position The company claims that the location is strategic for the machine, given that Miami’s airport is the third-busiest in the United States in international passenger traffic. Miami International Airport Read more …
The Libra Association is still planning on launching with the 100 members initially envisioned in its June announcement, including new financial and banking partners. “We can confirm that the plan is to have up to 100 members,” a Libra Association representative told CoinDesk Monday at the formal charter signing in Geneva. Bertrand Perez, chief operating officer and interim manager of the Libra Association, reiterated the position on CNBC, saying he remains “confident” that the recent departure of Visa, Mastercard, and PayPal, among Read more …
The Nasdaq stock exchange has listed an index of crypto’s top 100 coins alongside traditional market bellwethers like the S&P 500 and the Dow. Powered by artificial intelligence, the CIX100 is designed by Cryptoindex.com to give Wall Street traders a quick and comprehensive view of the crypto markets’ real-time performance, the company said. The index had previously been listed by Reuters, Bloomberg and Tradingview. And it works without human intervention, according to Cryptoindex.com. The index’s “Zorax” algorithm trawls through data Read more …
Advertisment The trade-offs between scalability and decentralization in blockchain development are well documented. Of the successors to Ethereum, EOS has proved one of the most successful in achieving scalability. Nevertheless, the network has been fraught issues stemming from a concentration of EOS tokens into the hands of a few whales and only having 21 block producers. Therefore, as the more decentralized platform, Ethereum remains the blockchain of choice for many developers. Currently, it’s running more than eight times as many Read more …
America is not the only country manipulating its money in order to prop up a flagging economy. Today China unexpectedly injected billions in cash to prevent a fall in interest rates as the economy flounders following months of trading tensions. Savvy investors turned to Bitcoin before, will they do it again? Central Bank Floods Market With Cash According to Bloomberg the People’s Bank of China injected 200 billion yuan (around $US28 billion) into the financial system today. The move caught Read more …
Binance’s Bitcoin futures product is the only winner in a lackluster market this week as trading volume hits local lows. Research highlights “very low” activity Analysis of various platforms’ trading volumes by exchange eToro’s senior market strategist Mati Greenspan on Oct. 15 revealed cryptocurrency markets had all but bottomed out in terms of activity. From a peak of around $4 billion per day several months ago, Bitcoin (BTC) now sees less than $200 million change hands, he said referencing data Read more …
Advertisment Telegram’s token might have received short shrift from the SEC, but its messaging app has been embraced everywhere by everyone. 300 million users attest to the success of Pavel Durov’s end-to-end encrypted platform, which has become a mainstay of the crypto community. On the rare occasions when Telegram experiences an outage, there is a discernible dip in cryptosphere chatter. The rest of the time, crypto Telegram is a hive of activity. Here’s a selection of what it has to Read more …