Category: Cryptocurrency News

Sports blockchain venture Chiliz has announced a strategic partnership with Binance Chain, the mainnet of major cryptocurrency exchange Binance. The news was revealed in an official press release on May 17. As previously reported, Chiliz ($CHZ) is a sports industry-oriented digital currency that powers the tokenized fan engagement platform and blockchain-powered mobile app, Socios.com. High-profile Socios partners to date have included major soccer teams Paris Saint-Germain and Juventus, who plan to use the platform to launch fan token offerings for Read more …

Blockchain analysis company Coin Metrics has found discrepancies in blockchain payments network Ripple’s escrow system reporting, according to a May 16 report. Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, investigated Ripple and discovered what it said were contradictions that required an explanation. “Coin Metrics found several important discrepancies between what was publicly reported by Ripple and what was visible on the XRP ledger,” the report summarized. The three aspects are the following: “Two quarterly markets reports Read more …

The Bahamas’ securities regulator is pushing for a new framework for token projects, aiming to turn the island nation into the jurisdiction of choice for blockchain startups. The Securities Commission of the Bahamas has filed a draft of the new bill regulating token offerings not deemed securities. The bill lays out a procedure for registering such offerings and informing authorities and investors on the details of a token sale. The draft was submitted for public consultations March 27 and comments Read more …

Global hacking research collective SRLabs claims that only two thirds of the Ethereum client software that runs on Ethereum nodes has been patched against a critical security flaw discovered earlier this year. The news was reported by business tech website ZDNet on May 17. An SRLabs report ostensibly shared with ZDNet has reportedly revealed that the critical flaw is a denial of service (DoS) vulnerability in the Ethereum Parity client. As SRLabs has outlined, the flaw could enable a hacker Read more …

Sources ostensibly familiar with the matter have claimed that some of the world’s leading banks are currently investing around $50 million to build a blockchain-powered digital cash system for transaction settlement. The news was reported by Reuters on May 17. An earlier project for a blockchain-based currency settlement coin was unveiled by Swiss bank UBS Group AG and London-based technology startup Clearmatics at early as 2015, as Cointelegraph reported at the time. One of Reuters’ sources has said that the Read more …

Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle trees — a data verification tool — to constitute the work required in a PoW setup. PoW is the algorithm used in bitcoin (BTC) Read more …

Following a fantastic week for Bitcoin, which peaked at around $8,300, the inevitable market slump has happened.  Analysts have attributed this to large sell orders placed on Bitstamp. But despite the loss of momentum, the sentiment remains bullish, which goes to show that confidence in Bitcoin is as strong as it has ever been. The Market Slump Was Expected Friday saw red across the market, with only a handful of top 100 cryptos being able to stave the pullback. The Read more …

By CCN: Ripple’s honeymoon in the cryptocurrency market may be over. The XRP-to-dollar exchange rate on Friday established an intraday low towards $0.359 on BitStamp amidst a flash crash action. The pair attempted to bounce back, but the volume was not adequate to erase its latest drop. On the whole, it plunged up to 25-percent in just two days, implying that its previous bullish sentiment is close to fading. RIPPLE (XRP) PLUNGED 25-PERCENT IN JUST TWO DAYS | SOURCE: TRADINGVIEW.COM, Read more …

A “next-generation” mobile payment platform has unveiled two products that are designed to help users smartly manage money matters and enjoy “greater financial empowerment.” Crypto.com’s first new offering, Crypto Earn, gives the public “the freedom to grow their assets.” Available through the platform’s flagship app, the service allows users to deposit virtual currencies and accrue incentives, the company said. Consumers can choose to hold their assets for either one month or three months, and the company said a flexible plan Read more …

Rumors of an SEC crackdown are flying after Poloniex said it will delist nine crypto tokens including DCR for trading to U.S. customers. No Longer Available to U.S. Cryptocurrency Traders Poloniex has announced that it will no longer offer nine cryptocurrency tokens for trading to U.S. customers following reports of incoming regulations against unregistered security tokens. Meanwhile, opinions remain split as to whether securities regulations should apply to cryptocurrency tokens. In a Medium post published on Thursday (May 16, 2019), Read more …

What is BTCPOP? Btcpop.co is a loan platform for cryptocurrencies that was first established in 2014 originally as a P2P Bitcoin lending platform. The only thing that matters here is reputation; credit and financial history are irrelevant for lending eligibility. The company is based in the Marshall Islands and only offers loans in bitcoin. Unsecured and secured personal loans are backed by shares of bitcoin and other cryptocurrencies. How does it work? Your reputation on the platform is based on Read more …

View Bitcoin tanked by $1,702 early on Friday, the biggest intraday drop since January 2018. On the way back up, the hourly chart shows scope for re-test of former support-turned-resistance at $7,619. A bounce to $7,619, if any, could be short-lived with prices falling back to $6,178 (daily low) over the weekend, as both the 4-hour and daily charts are biased bearish. A bounce from the historically strong support of the 30-day moving average (MA) at at $5,986 would imply Read more …