It’s a relatively bullish start to the day. The majors will need to move back through their early highs, however, to avoid a sell-off.
It’s a mixed start for the majors. A Bitcoin move back through to $7,600 levels would signal support for the broader market.
Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering.The post Coinbase’s Visa debit card adds support for DAI stablecoin appeared first on The Block.
Bitcoin could be heading to yearly lows following last month's death cross and a lack of positive sentiment. Bitcoin endured a distressing exponential moving average death cross on the daily chart on November 23, with several analysts suggesting that a descent to $5,900 is now on the cards. However, there has been a period of relative calm since the death cross, with Bitcoin languishing along the $7,350 level of support following a brief rally to $7,850 earlier this week. The previous two death crosses took place during the 2014 and 2018 bear markets, with Bitcoin proceeding to fall by more than 60% on both occasions. A slump of the same magnitude this time around would take Bitcoin to last December'sThe post Bitcoin death cross to force price below critical support level appeared first on Coin Rivet.
Bitcoin (BTC) is currently trading at just below $7,350 following a substantial 5% drop in price since last Friday. BTC broke most of its support levels during a huge sell-off in November as the coin looked to be free falling. However, the world's largest cryptocurrency found support near $6,700 last week and bounced back up to $7,800 before consolidating around $7,400. Will BTC recover soon? Let's take a look at Bitcoin's chart, courtesy of TradingView. At the time of writing, Bitcoin is on a very bearish trend. Lower highs are giving way to significant price drops. Since the massive bull market that took Bitcoin close to $14,000 earlier in the year, the coin has been dropping in value following aThe post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet.
Bitcoin mining company Bitfury just released blockchain software Exonum Enterprise to help corporations more efficiently build their own private blockchain projects.The post Bitcoin mining giant Bitfury is now in the enterprise blockchain business appeared first on The Block.
Great North Data, a Canadian Bitcoin mining and AI-algorithm processing facility, has filed for bankruptcy. The company is said to have $13.2 million in liabilities and just $4.6 million in tangible assets. It has since emerged that a portion of this cash is owed to provincial government and federal government agencies who invested money in the cryptocurrency business. The two public entities, funded by taxpayers' money, are the Atlantic Canada Opportunities Agency (ACOA) and the Business Investment Corporation of Newfoundland and Labrador. The agencies are owed $281,675 and $313,718 Canadian dollars respectively. The owners of the bankrupt Bitcoin mining facility have not been publicly named. First reported by Canadian news outlet CBC, the news that taxpayers' money went into suchThe post Canadian taxpayers foot bill for bankrupt Bitcoin mining facility appeared first on Coin Rivet.
Cryptocurrency exchange Kraken has launched support for the Swiss franc (CHF) in partnership with Liechtenstein-based Bank Frick. Starting Dec. 6, users can trade between CHF and Bitcoin as well as CHF and Ether on Kraken’s platform.The post Kraken adds support for Swiss francs appeared first on The Block.
Last week, I had the pleasure of speaking to Crypto Lark, a popular YouTuber who first started broadcasting about two years ago. Lark Davies is New Zealand’s most popular crypto and Bitcoin personality. He grew up on a small organic farm reading Mad magazine and dreaming of space travel. Now known for his articulate, entertaining style, Crypto Lark combines his political science background, critical thinking skills, and bright sense of humour to produce content that explains blockchain solutions to the world. During the interview, we discussed the future of cryptocurrencies, the current economic panorama, how the Bitcoin protocol is developing, interesting projects in the space, and the impact smart contracts will have on the cryptocurrency ecosystem in the near future.The post Crypto Lark discusses the future of cryptocurrency appeared first on Coin Rivet.
Crypto financial services provider BlockFi has launched a commission-free trading platform, BlockFi Trading, where users can trade Bitcoin, Ether, and ERC20 stablecoin Gemini Dollar in real-time.The post BlockFi's new trading platform allows users to trade Bitcoin, Ether, and Gemini Dollar in real-time appeared first on The Block.
Cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has just made it easier for users to buy cryptocurrencies.The post BitFlyer Europe users can now buy crypto with credit cards appeared first on The Block.
Today the price of Bitcoin is US$7,460.87; Ethereum is US$149.48; XRP is US$0.218633; Bitcoin Cash is US$215.06 and Tether is US$1.01. These are the top five cryptocurrencies by market capitalisation. About the top five cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relyingThe post Top five cryptocurrencies - latest price appeared first on Coin Rivet.
It’s back into the red, with more losses on the cards should the pair fail to hit key levels by late morning.
A crypto enthusiast who lost four Bitcoin on the Lightning Network in October has now managed to recover most of the missing funds, according to an update post on Reddit. What is the Lightning Network? One of the most interesting projects in the cryptocurrency space, in my opinion, is the Lightning Network protocol (LN). Even though some traders and analysts have plenty of criticisms regarding the development of the LN, I argue the open-source P2P payment channel technology is here to stay. The LN not only affects Bitcoin, but the technology can also gap bridges between projects. In a way, the Lightning Network has the potential to achieve what many other projects can only dream of: to become an interoperableThe post Four Bitcoin lost on the Lightning Network finally recovered appeared first on Coin Rivet.
The Binance edition blockchain smartphone by Taiwanese electronics giant HTC introduced last month is going on sale tomorrow on HTC’s EXODUS website.The post HTC’s Binance edition smartphone going on sale tomorrow; supports bitcoin, BNB payments appeared first on The Block.
Bitcoin unexpectedly rose by 8% in just three minutes earlier today as bullish sentiment begins to re-enter the cryptocurrency markets. Following an abrasive daily candle close which saw Bitcoin suddenly drop from $7,300 to $7,100 yesterday evening, it consolidated today at $7,200 before surging towards the $7,800 level of resistance. The dramatic rise from $7,200 to $7,800 saw a total of $59.71 million in short positions liquidated on derivatives exchange BitMEX, according to Datamish. Price has now began to consolidate in the $7,500 region, which could fuel a continuation rally back to the $8,000 region. However, the 100 exponential moving average (EMA) on the four-hour chart has been a bitter point of resistance on three occasions over the past month,The post $60 million liquidated as Bitcoin pumps 8% in three minutes appeared first on Coin Rivet.
CORRECTION (December 4, 8:17 AM EST): A previous version of this story cited a press release published on PR Newswire and cited by several news outlets that said SoftBank has issued a new debit card with blockchain wallets.The post Correction: SoftBank denies issuing new debit card featuring built-in blockchain wallet appeared first on The Block.
At the time of writing, Ethereum (ETH) is trading at around $145 following a 3% drop in price since last week. The world's second-largest cryptocurrency by market cap has been consolidating to the downside over the past few days, as most altcoins have been doing lately. As mentioned last week, Ethereum was on a clear consolidation path during mid-November. However, the overall market has dipped due to Bitcoin's huge move to the downside. Despite a sizeable pump towards the end of October following Bitcoin's 40% jump in the space of 24 hours, it now seems that the downtrend has officially returned. Let's take a look at the chart for Ethereum, courtesy of TradingView. During the second half of the year,The post Latest Ethereum price and analysis (ETH to USD) appeared first on Coin Rivet.
Virgil Griffith, the Ethereum research scientist who was arrested in Los Angeles last week for allegedly violating the U.S. sanctions laws, will be released from jail pending trial, according to his defense lawyer Brian Klein.The post Ethereum researcher arrested for allegedly assisting North Korea to be released from jail pending trail appeared first on The Block.
Ripple's XRP token is in dire straits after yet another red weekend that saw the world's third-largest cryptocurrency fall by more than 5%. XRP was rejected from the $0.23 level of resistance which previously acted as support throughout September, indicating that more downside price action is likely in the coming weeks. It desperately needs to hold above $0.21 or it could well drop to its lowest point in more than two years, with analysts suggesting it could reach the $0.16 and $0.11 levels of support. The nervous descent in price comes after a rocky year for XRP and the company behind it, Ripple. Ripple CEO Brad Garlinghouse has vocally defended the project in spite of criticism surrounding its status asThe post XRP continues to struggle at $0.22 as bear market pressure mounts appeared first on Coin Rivet.
Japanese cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has added trading support for XRP cryptocurrency.The post Japanese crypto exchange BitFlyer adds trading support for XRP appeared first on The Block.
The office of the U.S. Attorney for the Southern District of New York and the FBI announced today that it has arrested and charged Virgil Griffith for violating the U.S.The post U.S. authorities arrest Ethereum research scientist Virgil Griffith for allegedly assisting North Korea in evading sanctions appeared first on The Block.
The end of the week turned out to be much more favourable for the crypto market than its beginning. Bitcoin was able to return from the area below $7,000 and clings to levels around $7,500.
One of the most important aspects of cryptocurrency is adoption. Without mass adoption by new blood, the future for crypto looks bleak, and there will likely never be another bull run. As such, it is critical that cryptocurrency projects close deals with major retail-oriented brands to increase visibility and get the word out there. Over the last month, there has been some movement in this area by a handful of projects. In this article, I will discuss the ones I found the most promising in terms of spreading awareness about cryptocurrencies. Ripple partners with MoneyGram I spoke with @bgarlinghouse at SwellbyRipple about the @MoneyGram partnership with @Ripple and what's next for the money transfer industry. Using ODL will strengthen andThe post Which crypto projects are closing partnerships with major brands? appeared first on Coin Rivet.
Ripple has completed its commitment to buy $50 million worth of equity in money remittance service MoneyGram. In a press release shared with Coin Rivet, MoneyGram announced that Ripple had successfully acquired a further $20 million worth of equity in the NASDAQ-listed company having already invested $30 million earlier this year. Ripple purchased newly created equity at a price of $4.10 per share, which is significantly higher than MoneyGram’s current market price of around $3.00. However, the extra capital will be used to develop 'On-Demand Liquidity' (ODL) solutions. Ripple’s ODL technology uses XRP digital assets to send money globally and instantly for low fees. Chairman and CEO of MoneyGram Alex Holmes said of the investment: "Our partnership with Ripple isThe post Ripple completes investment in MoneyGram with additional $20 million appeared first on Coin Rivet.
Top news and what to watch in the markets on Tuesday, November 26, 2019.
It's time to get technical at the YFi Interactive touch screen. Joining Yahoo Finance's Myles Udland is Jared Blikre to break down the week's price action in cryptocurrencies, stocks and bonds. NVDA Nvidia Corp 0.27% AMD Advanced Micro Devices Inc -0.96% AVGO Broadcom Inc -0.06% INTC Intel Corp -1.05% TSM Taiwan Semiconductor Mfg ADS -0.36% TXN Texas Instruments 0.78% LITE Lumentum Hldgs Inc 1.55% QRVO Qorvo Inc 0.81% ^SOX PHLX Semiconductor Sector Idx 0.00% SWKS Skyworks Solutions 1.48% MCHP Microchip Tech 0.73% ADI Analog Devices 1.72% MU Micron Tech 0.70% WDC Western Digital 1.30% QCOM Qualcomm Inc -0.19% LRCX Lam Research -0.73% AMAT Applied Materials -0.80% KLAC KLA Corp -1.36%
On the heels of a new warning from China’s central bank, Bitcoin is slumping to a six-month low. Yahoo Finance’s Zack Guzman and Emily McCormick, along with Marcum LLP Chairman & CEO Jeffrey Weiner discuss.
Blockchain analysis firm Messari has launched a scathing attack on Rippleworks and its executives, claiming that Ripple used a $174 million donation to the foundation as a tax write-off. After examining Ripple’s ‘Return of Private Foundation’ form (Form 990), Ryan Selkis, the founder of blockchain analysis firm Messari Pro Research, alleged that Ripple executives were using the Ripple Foundation for Financial Innovation, or ‘Rippleworks’, as a "corporate and executive tax shelter" and had failed to dispense grants to charities. Discussing charitable donations made in the 2018 tax year by Rippleworks, Selkis wrote: “…the entity affiliated with Ripple and its co-founder Chris Larsen granted exactly $0 to other charities out of a staggering $1.2 billion AUM.” Rippleworks was established to promoteThe post Blockchain research firm Messari claims Ripple is operating a ‘tax shelter’ appeared first on Coin Rivet.
Ripple's XRP token has endured a turbulent year, with more than $10 billion being wiped from the cryptocurrency's total market cap. In late June, the price of XRP reached dizzying heights as it tested the key $0.50 level of resistance. However, the euphoria was short-lived as XRP proceeded to slump dramatically in the following months, eventually succumbing to a depressing yearly low of $0.21 in September. Two months on, and despite a test of the $0.31 region in early November, XRP continues to stagnate at around $0.24. The market cap of XRP is now just $10.68 billion, which is 50% down from its yearly high of $20.7 billion and a far cry from its all-time high of $146 billion inThe post $10 billion wiped from XRP market cap since June appeared first on Coin Rivet.
Ripple (XRP) is making a name for itself as one of the most relevant cryptocurrencies in the market today. With a current market cap of almost $12 billion, it is the third-largest cryptocurrency by market value. Rather than simply being used for speculative trading, it has a practical use too, with many big financial firms using XRP for their international payments. It’s no surprise then that several subreddits have been created with a focus on all things related to Ripple. What is XRP? XRP is the cryptocurrency used by the Ripple payment network, which was created to speed up the transfer of money between institutions. Ripple connects banks, payment providers, and digital asset exchanges via RippleNet to provide a frictionlessThe post Three XRP subreddits you should follow appeared first on Coin Rivet.
Tokyo-based remittance company SBI Remit has announced the launch of the first-ever blockchain-based money transfer service between Japan and Vietnam. According to a press release published earlier today, the group will be using RippleNet blockchain technology to facilitate the transfers. The new service is part of SBI Ripple Asia, a collaborative project established between Ripple Labs and SBI Holdings in May 2016. SBI Holdings is one of the largest money transfer services in Japan, providing remittance solutions to over 200 jurisdictions. The group has a preexisting partnership with international remittance company MoneyGram, which facilitates international money transfers in around 10 minutes. However, through RippleNet technology, the group hopes its service will become even faster and cheaper. Commenting on the launch,The post SBI Ripple Asia launches first blockchain remittance service between Japan and Vietnam appeared first on Coin Rivet.
Cryptocurrency exchange Binance has added support for Turkish lira (TRY) for its direct fiat-to-crypto buying facility. This will allow Binance users to buy bitcoin (BTC), ether (ETH) and XRP directly with lira.The post Binance adds support for Turkish lira for direct crypto purchases appeared first on The Block.
Cryptocurrency exchange Coinbase’s Visa debit card has today added support for XRP and four more coins. The four coins are Brave browser’s basic attention token (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX), Coinbase Card announced Thursday.The post Coinbase’s crypto Visa debit card adds support for XRP and 4 more coins appeared first on The Block.
Cryptocurrency is offering younger generations new ways to managing their money. Global Chair of the Financial Services Sector at Edelman Deidre Campbell joins Yahoo Finance’s Zack Guzman, Heidi Chung and Julie Hyman to discuss on YFi PM.
XRP, the cryptocurrency used by the Ripple payment network, is growing in popularity. The world's third-largest cryptocurrency by market cap is now used by a number of major banks as part of their payment settlement infrastructure. The altcoin has become a major cryptocurrency, so it’s no surprise that many retail investors want to get their hands on it. Thankfully, it is much easier to buy XRP today than it was a few years ago. There are now several exchanges which allow you to buy XRP with USD, as well as with other fiat currencies. What is XRP? XRP is the cryptocurrency used by the Ripple payment network, which was created to speed up the transfer of money between institutions. RippleThe post How to buy XRP with USD appeared first on Coin Rivet.
Cryptocurrency exchange Binance has added support for euro (EUR) for its direct fiat-to-crypto trading facility, according to an announcement Friday. The exchange has also added support for Ukraine’s and Kazakhstan’s fiat currencies - hryvnia (UAH) and tenge (KZT), respectively, as The Block broke the news last week.The post Binance adds support for euro, bringing the total to 5 currencies for its direct fiat-to-crypto trading facility appeared first on The Block.
Blockchain payments firm Ripple has said that “more than two dozen” customers use its On-Demand Liquidity (ODL) solution, which leverages XRP cryptocurrency to settle cross border payments.The post Ripple says 'more than two dozen' customers use its payments solution that leverages XRP appeared first on The Block.
Blockchain analytics firm CipherTrace has added support for cyptocurrency exchange Binance’s native token BNB and native public blockchain network Binance Chain, according to an announcement Tuesday.The post CipherTrace adds support for BNB and Binance Chain to enable tracing for potential money laundering risks appeared first on The Block.
Cryptocurrency exchange Binance has added support for Russian rubles (RUB) for its direct fiat-to-crypto trading facility. The move allows Binance users to deposit and withdraw rubles, as well as to buy bitcoin (BTC), ether (ETH) and XRP cryptocurrencies with the fiat currency, according to an announcement Wednesday.The post Binance adds support for Russian rubles for direct fiat-to-crypto trading appeared first on The Block.
Binance, the largest crypto-to-crypto exchange, announced last week that it would be listing Blockstack’s Stacks tokens for a listing fee of “0 BNB.” However, per Blockstack’s SEC filing, the company paid Binance 833,333 STX tokens upfront, which is worth approximately $250,000 using Blockstack’s Reg A+ general offering price of $0.30 each.The post Binance accepted $250,000 yearly payments to keep Blockstack listed despite claiming there was no listing fee appeared first on The Block.
Facebook CEO Mark Zuckerberg was grilled by lawmaker's on the company's cryptocurrency project Libra. But how would Libra actually work?
Cryptocurrency exchange Binance has listed the first direct fiat-to-cryptocurrency trading pairs, starting with Nigerian naira (NGN). Announcing the news on Thursday, Binance said users can deposit NGNs and buy bitcoin (BTC), Binance coin (BNB) and Binance’s native dollar-pegged stablecoin BUSD.The post Binance’s direct fiat-to-crypto trading facility goes live, starting with Nigerian naira pairs appeared first on The Block.
Bitso, a major Mexican exchange, has received funding from Ripple, in addition to Jump Capital and Coinbase. With this new funding round completed, Bitso expects to tackle other markets like Argentina and Brazil. As recently reported by Coin Rivet, South American markets have been growing over the past few years, as local currencies devalue versus the US dollar. Hopefully, with additional exchanges offering quality services adoption will increase. In Mexico, Bitso acquired a stunning 750,000 customers in a very short period. Will the trend continue? What will be the long-term impact of Bitso in Latin America? Bitso concludes additional funding round Bitso plays a vital role in RippleNet’s US to MXN corridor, and we’re thrilled to expand our partnership asThe post Could Ripple become bullish with Bitso? appeared first on Coin Rivet.
“Keeping barriers to entry low” mantra seems to have paid off well for cryptocurrency exchange Binance. The exchange has just crossed a whopping $1 billion in cumulative profit as of Sept.The post Binance just crossed $1 billion in cumulative profit appeared first on The Block.
Binance’s BNB tokens will soon be purchasable on Switzerland’s biggest stock exchange as an exchange-traded product (ETP). The cryptocurrency exchange has partnered with Switzerland-based ETP issuer Amun to launch the BNB ETP (ABNB).The post BNB can now be traded on Swiss SIX exchange as ETP appeared first on The Block.
Crypto exchange Binance’s U.S. platform is launching with seven coins, instead of six as previously announced. Binance.US has now also added its native token BNB to its platform in the “first phase,” several users posted screenshots of the development on Twitter.The post Binance.US adding 7th coin to its platform - native token BNB appeared first on The Block.
Traki, one of the largest chains of department stores in Venezuela, is now accepting payments in ten cryptocurrencies and tokens, including bitcoin (BTC) and Binance coin (BNB), at its 49 retail stores.The post Venezuelans can now shop with crypto, including BTC and BNB, at retailer Traki’s 49 stores appeared first on The Block.
The U.S. entity of the world’s largest cryptocurrency exchange Binance, is expected to go live before November, but won’t serve New York residents initially.The post Binance US could go live before November, but won’t serve NY residents initially appeared first on The Block.
Top cryptocurrency exchange Binance has just completed an eighth quarterly burn of its native token Binance Coin (BNB), according to a blog post on Friday.The post Binance burns $24 million worth of BNB tokens allocated to team appeared first on The Block.
The world’s largest cryptocurrency exchange Binance has today officially launched margin trading for “evolving cryptocurrency traders.” Margin trading is trading with borrowed money, which comes with higher profit potential and greater risk.The post Margin trading at Binance goes live appeared first on The Block.
ZenGo, a provider of non-custodial cryptocurrency wallet, is adding support for Facebook's upcoming cryptocurrency Libra, according to an announcement Tuesday. The firm has released a proof-of-concept for Libra testnet, using a cryptographic technique called threshold signatures scheme (TSS), which helps create a secure and easy-to-use transaction process.The post Non-custodial crypto wallet ZenGo adding support for Facebook's Libra coin appeared first on The Block.
Bitcoin crosses over $11,000, reaching its highest level in about 15 months. This after the cryptocurrency started off the year in the low-to-mid $3,000 range. Yahoo Finance's Seana Smith and Jared Blikre discuss.
LEO is an exchange token, similar to BNB, launched last month by Bitfinex. Bitfinex has allegedly raised nearly $1 billion in USDT and USD in a private token sale in order to cover $850 million currently frozen in several accounts controlled by the payment processing company Crypto Capital.The post Analysis of LEO burns shows Bitfinex made nearly $300 million from trading fees in 2018 appeared first on The Block.
Crypto traders have been in a frenzy lately promoting the exchange token UNUS SED LEO (LEO). LEO is a token launched by iFinex, the parent company behind the controversial cryptocurrency exchange Bitfinex.The post LEO and BNB: a comparison appeared first on The Block.
Binance announced that it has completed Binance Coin (BNB) mainnet swap meaning that the users can now deposit and withdraw the BNB tokens that exist natively on Binance Chain.The post Binance completes BNB mainnet swap, burns 5 million ERC20 tokens appeared first on The Block.
Fresh off Binance's announcement it had successfully deployed the genesis block of Binance Chain earlier today, CEO Changpeng "CZ" Zhao announced Mithril (MITH) will be the first project to migrate tokens onto the exchange's new native chain.The post MITH soars after Mithril announces it will be the first project on Binance Chain appeared first on The Block.
Unless you've had a very quiet week, you're unlikely to have noticed a small yet significant change in Binance's whitepaper.The post Binance quietly removed some Wall Street jargon from its token's white paper appeared first on The Block.
Why the Bitcoin rally could just be getting started. Yahoo Finance's Zack Guzman and Jeanie Ahn are joined by Todd Herman, ‘The Alter Ego Effect’ author, and Peter Brandt, Factor Research and Trading Inc. founder, to discuss.
On the heels of bitcoin’s surge, which has brought the per-coin value to over $5,000, other coins have jumped. Kevin Kelly, Co-Founder & Principal at Delphi Digital, joins Yahoo Finance’s Dan Roberts, Melody Hahm, and Myles Udland to discuss what’s fueling the rally and make predictions on the crypto market.