Blockchain 

Crypto Markets Continue Trading in Red, Oil Reports Losses

Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency Bitcoin (BTC) has continued coming down after yesterday;s sharp drop to trade at around $11,740 as of press time. The coin has lost 4.39% over the past 24 hours. During the day, Bitcoin has been trading in a narrow corridor between $12,191 and $11,377. As reported earlier today, Bitcoin trading in Zimbabwe has continued to surge after the government…

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Blockchain 

Conglomerates’ Deep Pockets Continue Blockchain Growth in S Korea Despite Crypto Ban

Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean companies — including Samsung, Naver and NHN, just to name a few — entering into the blockchain space emerge. Still, South Korea is one of the most advanced markets in the blockchain and cryptocurrency industry. The first indication comes from how dominant Korean exchanges were during the crypto bull run…

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Bitcoin 

Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing

The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The Philippine Star on June 10. In addition to Diokno’s remarks, BSP Deputy Governor Diwa Guinigundo reportedly provided further insights into the institution’s stance toward cryptocurrencies during the launch of an unnamed book about bitcoin (BTC). Diokno ostensibly criticized bitcoin’s potential to…

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Cryptocurrency 

Facebook in Discussions with CFTC but Uncertainties Continue

Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin. CFTC Indicates Interest The Financial Times reported on Sunday that Christopher Giancarlo, the chairman of CFTC, had confirmed that talks regarding the support for the stablecoin were in early stages. He added that the goal…

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Bitcoin 

Crypto Markets Continue Rising While Bitcoin’s Dominance Continues to Drop

Monday, April 1 — crypto markets have continued to rise, with Bitcoin (BTC) seeing stable growth over the day, according to data from CoinMarketCap. Out of top 20 cryptos by market cap, only two coins are in the red at press time. Over the past 24 hours, Tezos (XTZ) is down about 5.7 percent, while Cardano (ADA) dropped around 0.9 percent. Market visualization from Coin360 The biggest cryptocurrency, Bitcoin, is up 1.4 percent over the day, trading at $4,160 at press time. Over the past 7 days, Bitcoin is up…

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Cryptocurrency 

Facebook Coin Rumors Continue to Circulate

There have been Facebook coin rumors for months in the crypto community and today, the New York Times stirred them up again. According to the New York Times report, Facebook is currently working on its own digital currency to integrate into its messaging services. Facebook Coin Rumors A few months ago, Bloomberg released an article about Facebook developing its own stablecoin to be used on its WhatsApp messaging app. This was the start of the rumor mill, although many have discussed in the past the potential of the advertising giant adopting…

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Ethereum 

Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points

Feb. 15 — crypto markets have continued trading sideways after hitting a multi-month high of daily trading volume of more than $36 billion yesterday, according to CoinMarketCap data. Market visualization from Coin360 Bitcoin (BTC) is slightly down over the past 24 hours, and is trading at $3,626 at press time. At press time, the biggest cryptocurrency is up around 0.41 percent over the past 7 days, while down some 0.1 on the day. On Feb. 11, Bitcoin transaction fees saw a new low point. Bitcoin 7-day price chart. Source: CoinMarketCap…

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Cryptocurrency 

The Crypto Donations Continue! Vitalik Buterin Donates $300K

Crypto donations are not new. They weren’t in 2017, the year of the crypto boom, nor are they in 2018. But each time they happen, whether it’s donations in cryptocurrencies or fiat currencies, it’s proof that not everyone in the crypto space is there for only themselves. Vitalik Buterin (age 24), the creator of Ethereum, was the latest to make a donation.  Crypto Donations Continue Back in May of 2018, Ashton Kutcher, alongside Ripple, donated $4 million to the Ellen Wildlife Fund. In June, Ripple gave a whopping $50 million…

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Bitcoin 

Price Slump to Continue, With Bitcoin Bottoming Out at $3,000

Michael Moro, the CEO of cryptocurrency trading companies Genesis Trading and Genesis Capital Trading, said that the Bitcoin (BTC) price could bottom at $3,000 in an interview with CNBC Nov. 23. Speaking on CNBC’s “Squawk Box,” Moro suggested that the leading cryptocurrency will lose another 30 percent before bottoming at $3,000. Moro said, “You really won’t find [the floor] until you kind of hit the 3K-flat level.” Moro addressed small resistance levels, saying that he does not think the BTC price can stabilize in “the mid-3s,” also noting that the…

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Ethereum 

After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum

Thursday, Nov. 15: yesterday’s fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from CoinMarketCap. After an extended period of low price volatility, crypto markets experienced a massive decline yesterday, Nov. 14, with Bitcoin dropping from its average trading price of around $6,400 to as low as $5,506. The recent dive has marked a new volatility record for markets this year. According to BitMEX Daily Historical Bitcoin Volatility Index, Bitcoin volatility rate…

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