Cryptocurrency News

By Sunny Hoi
  • Bitcoin News - 30 March 2020, 6:45 pm

    On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and […] The post Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears appeared first on Bitcoin News.Read More

  • Bitcoin News - 30 March 2020, 3:20 pm

    In 44 days, BTC miners will face the third reward halving as the block subsidy will soon shrink from 12.5 to 6.25 coins per block. Following the market carnage in mid-March, BTC’s hashrate plummeted 44% to a 2020 low of 75 exahash per second (EH/s). Since then the hashrate has climbed back above 100EH/s, but […] The post Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up appeared first on Bitcoin News.Read More

  • Bitcoin News - 30 March 2020, 11:15 am

    The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures totaling some 5 trillion dollars or over 6% of […] The post IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 30 March 2020, 11:01 am

    In his latest market discussion, the veteran trader says that he is “under the assumption that the low is in” for Bitcoin after its trip to $3,700 this month. Bitcoin (BTC) likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%.In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, BTC/USD should bottom at 20% of its 2019 highs — $2,800.Vays on $2.8K: “I don’t think it’s likely anymore”This could occur before May’s block reward halving and not…Read More

  • Cointelegraph.com News - 30 March 2020, 10:42 am

    SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic. SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic.On March 30, the Global Times — an English-language newspaper within the CPC-owned People’s Daily Group — reported that the Shenzhen-based firm is finding the technology to be beneficial for tracking the provenance and checking the quality of medical goods.While the extent and status of SF Express’ implementation of blockchain is not detailed, it has…Read More

  • Cointelegraph.com News - 30 March 2020, 9:17 am

    Major Spanish bank Santander is extending its Ripple-powered international payments system One Pay FX to Mexico in 2020. Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020.In a Form 20-F filed with the United States Securities and Exchange Commission on March 6, the bank revealed that Mexico will be offering the service in early 2020.The One Pay FX systemBased on Ripple’s RippleNet technology, One Pay FX is independent from XRP and does not need the digital currency to function, as a Santander spokesperson previously outlined to Cointelegraph. In its Form…Read More

  • Cointelegraph.com News - 30 March 2020, 9:04 am

    Selling pressure took BTC/USD below $5,900 as the weekend closed, but strength subsequently reappeared and markets bounced higher. Bitcoin (BTC) swiftly retook $6,000 after losing support on March 30, as analysts eyed a potential for the price to fill a new gap in futures markets.Cryptocurrency market daily overview. Source: Coin360BTC price gains 3% after a brief diveData from Coin360 and Cointelegraph Markets showed BTC/USD trading at around $6,300 at press time — a rise of 2.8% on the day. The past 24 hours had seen the pair dip to lows of $5,870 after signaling weakness throughout the weekend. Those were short-lived,…Read More

  • Cointelegraph.com News - 30 March 2020, 8:22 am

    Roger Ver, the prominent Bitcoin Cash advocate and former CEO of Bitcoin.com, appears to think that the world’s reaction to the COVID-19 pandemic is disproportionate. Roger Ver, the prominent Bitcoin Cash (BCH) advocate and former CEO of Bitcoin.com, appears to think that the world’s reaction to the COVID-19 pandemic is disproportionate.In a tweet published on March 29, Ver tweeted a screenshot of statistics ostensibly comparing the global COVID-19 death toll with that of other illnesses — including seasonal flu, malaria and traffic fatalities — between Jan. 1 and March 25, 2020. The screenshot was accompanied by Ver’s remark that “if YOU…Read More

  • Cointelegraph.com News - 30 March 2020, 7:40 am

    EEA founding member BlockApps has partnered with software consulting firm Optimum to develop a blockchain solution for tracking energy usage. Blockchain-as-a-Service (BaaS) company BlockApps has partnered with software consulting firm Optimum to develop a blockchain solution for tracking energy usage.A founding member of the Enterprise Ethereum Alliance (EEA), BlockApps is the developer of a cloud-agnostic blockchain platform, STRATO, designed to serve as a flexible base layer for various business network transactions and activities.Optimum is a software consulting firm focused on the oil and gas, manufacturing and construction industries. As part of a strategic partnership announced on March 27, Optimum has…Read More

  • Cointelegraph.com News - 30 March 2020, 7:04 am

    EOSIO developer Block.one has recruited the team behind EOS New York, a one-time #1 Block Producer on the EOS network. EOSIO developer Block.one has recruited the team behind EOS New York (NY), a high-profile Block Producer on the EOS network. Founded in 2017, EOS NY was a one-time #1 Block Producer on EOS, but has now ceased its operations, an announcement on March 25 revealed. Speaking to Cointelegraph, EOS NY founder Kevin Rose said:“We are deeply grateful for the way the community has embraced our team over these past few years. EOS NY was shut down prior to our joining Block.one,…Read More

  • Cointelegraph.com News - 30 March 2020, 5:49 am

    Hitachi Solutions announced they had partnered with ConsenSys to begin selling their PegaSys Plus product in Japan starting April 1. Hitachi Solutions will be the first company in Japan permitted to conduct sales of blockchain software technology company ConsenSys’ product PegaSys Plus starting on April 1.According to a March 30 press release, Tokyo-based Hitachi announced it would work in collaboration with U.S.-based ConsenSys to provide PegaSys Plus to the Japanese market. An Ethereum (ETH)-based blockchain platform, PegaSys Plus is a commercial license version of the ConsenSys product offering additional features and support. Japanese blockchain market has potentialConsenSys Founder and CEO Joseph…Read More

  • Cointelegraph.com News - 30 March 2020, 4:01 am

    The payment portal for crypto exchange Coinbase passed $200 million in transactions from the platform’s 8,000 integrated retailers. Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, just passed $200 million in total transactions processed over its two-year history.According to sources available to Cointelegraph, the wing of the largest crypto exchange in the U.S. reported on March 26 that the platform’s success was due in part to the 8,000 retailers currently using Coinbase for payment services.Bitcoin preferred for retail paymentsWhile the coronavirus pandemic is wreaking havoc with traditional markets, the news from Coinbase Commerce would imply consumers are…Read More

  • Cointelegraph.com News - 30 March 2020, 3:00 am

    Crypto company,Triffic, is rewarding users with crypto for social distancing in their growing AR game. The coronavirus pandemic is causing the worst global economic recession among all business sectors since 1929. Advertising and marketing budgets alone could see a $3 billion loss in 2020.Both traditional brands and crypto companies are replacing their high profile ads with low budget posts in an effort to combat the rising pandemic.Crypto industry is taking on the social responsibilityTriffic, a free augmented reality game which rewards players with cryptocurrency, is doing their part to promote social distancing among their user base. On March 26, the…Read More

  • Cointelegraph.com News - 30 March 2020, 2:00 am

    A DLT firm will freely offer its blockchain platform to the Dutch government to track the nation’s medical supply chain. A consortium of Dutch companies has launched the “Tech against Corona” initiative. Participating firms will freely provide the Dutch government with access to innovative technologies that can be used in the fight against COVID-19.Netherlands-based distributed ledger technology (DLT) firm, Tymlez, is one of more than 10 companies who are freely providing their services and technologies to the government.Tymlez’ blockchain platform to bring transparency to medical supply chainTymlez has offered its blockchain platform as the underlying technology to “model the medical…Read More

  • Bitcoin News - 30 March 2020, 1:50 am

    Bitcoin’s price has been dragging downward and on March 29, BTC’s fiat value slipped beneath the $6K zone. Most of the top ten cryptocurrencies are down between 5-8% in the last 24 hours. As the global economy falters and the halving approaches, people are uncertain about the future price of bitcoin as “safe-haven” theories have […] The post Market Update: Uncertainty Remains Thick as Bears Claw Bitcoin Price Below $6K appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 30 March 2020, 1:00 am

    Malta University used a voting Dapp built by students to conduct elections in spite of the coronavirus lockdown. Students enrolled in the University of Malta’s Blockchain and Distributed Ledger Technologies masters program have built a decentralized application (Dapp) that has been used for voting in upcoming student representative elections, per a March 28 press release.The Dapp is built on top of a decentralized digital identity platform that was provided to the students by Vodafone. The election was the first live project to be executed using Vodafone’s digital identity platform.“We are pleased to have been the first use-case for the Vodafone…Read More

  • Cointelegraph.com News - 30 March 2020, 12:00 am

    A blockchain card game developed by Tezos co-founder Kathleen Breitman is set to launch in alpha during April. Tezos (XTZ) co-founder Kathleen Breitman is preparing to launch the alpha version of the game built on top of Tezos — a crypto-powered collectible card game called ‘Emergents.’Emergents’ in-game cards will comprise non-fungible tokens (NFTs) that players have full ownership over. Coase intends to comprise both the primary and secondary marketplace for the cards. The company will also act as both a buyer and a seller for the NFTs.Emergents to launch in alpha next monthWhile Breitman has been planning the game since…Read More

  • Bitcoin News - 29 March 2020, 11:15 pm

    This week, our developers rolled out the latest version of the lightning-fast, noncustodial Bitcoin.com Wallet. The new version now comes with live price graphs so crypto enthusiasts can follow crypto price changes in real-time. Moreover, the wallet software also features price tracking so you can monitor your favorite digital asset’s price changes as well. Also […] The post Latest Bitcoin.com Wallet Release Features Live Charts and Price Tracking appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 29 March 2020, 11:00 pm

    A startup using distributed ledger tech to share info on the pandemic has joined UC Berkeley’s blockchain accelerator program. The Berkeley Blockchain Xcelerator, an incubator program for distributed ledger technology, or DLT, startups run out of UC Berkeley, has welcomed Snark Health into its spring cohort.Snark Health seeks to combat COVID-19 by “building a framework for data-driven discussions and shared learnings” to enable the “rapid dissemination of information to improve patient outcomes.”Health startup fighting coronavirus joins UC Berkeley blockchain incubatorSnarks platform aims to facilitate the sharing of best practices and information regarding the coronavirus pandemic between individuals, non-governmental organizations, and…Read More

  • Cointelegraph.com News - 29 March 2020, 10:46 pm

    Bitcoin price dropped below $6,000 after traders failed to hold the $6,200 support. For the second time in one week Bitcoin (BTC) price has fallen below $6,000. Today’s pullback below the $6,000 mark comes as the weekly and monthly close approach and its possible that the price could also be influenced by investors fear that traditional markets may continue to correct at Monday’s opening bell.Crypto market daily price chart. Source: Coin360At the time of writing the price is trading at $5,917 after bulls failed to hold the $6,200 support. For the short term, Bitcoin will need to hold $5,850 or…Read More

  • Cointelegraph.com News - 29 March 2020, 10:40 pm

    Due to significantly increasing numbers of mobile users worldwide, Ethereum should focus on mobile applications to adjust to reality. We live in an increasingly mobile world where I can order a vehicle driven by a complete stranger to take me anywhere, I can get food delivered in minutes, and I can conduct almost all my immediate banking needs — all via apps on my phone. We’re in a decade when firing up a computer to do these tasks would seem tedious compared to quickly swiping on a phone. Computers are no longer required, let alone optimal over mobile access, and…Read More

  • Cointelegraph.com News - 29 March 2020, 10:00 pm

    CB Insights highlighted the boost in China’s blockchain-related deals and the decrease in U.S. investments. New York-based research firm, CB Insights, has released a report showing that  Chinese startups are starting to substantially increase their blockchain-related investments.The research document, titled The Blockchain Report 2020, was published on March 11. It highlights that in 2015, deals from US-based companies accounted for 51% of Blockchain tech growth. Comparatively China-based companies represented only 2%. However, the balance has now tipped in China’s favor. Data indicates that in 2019, the percentage of deals enacted by U.S. startups fell to 31%. During the same year, China’s…Read More

  • Cointelegraph.com News - 29 March 2020, 9:00 pm

    Bitcoin may not return to $10,000 soon, WHO launches blockchain platform to fight COVID-19, and more bad news for QuadrigaCX victims. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekA calmer week for Bitcoin — but price may not return to $10,000 soonBitcoin remained largely steady in the mid-$6,000s for most of this week but failed to punch through levels above $6,900. Analysts, such as…Read More

  • Bitcoin News - 29 March 2020, 8:05 pm

    For weeks now, the cryptocurrency community has been fervently discussing the recent acquisition of the Steemit blockchain. Skeptics believe that the Tron takeover has shown significant vulnerabilities with delegated-proof-of-stake (DPoS) projects. Following the takeover, the community still managed to fork the protocol and the new hard-forked blockchain dubbed ‘Hive’ has seen its token price outperform […] The post Free from Tron: Steemit’s Blockchain Fork Hive Outperforms Steem Token Value appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 29 March 2020, 8:00 pm

    A Swiss watchmaker plans to authenticate and issue digital warranties issued via blockchain for a limited run of luxury watches. Digital identity consortium, Arianee, has authenticated a limited batch of luxury wallets using its blockchain protocol.On March 26, Swiss luxury watchmaker Breitling announced the release of a limited edition chronograph certified using the Arianee protocol. Each individual Top Time watch will be given a unique digital identity using distributed ledger technology.Breitling Issues First Blockchain-Based Digital Warranty For Mechanical WatchBreitling, which was founded in 1884, claims to be the first watchmaker to issue watches with a warranty program certified using blockchain…Read More

  • Cointelegraph.com News - 29 March 2020, 7:00 pm

    Fake Google Chrome extensions continue to steal funds from users, with a purported COVID-19 case claiming to have lost 14,000 XRP. Fake Google Chrome extensions for crypto hardware wallet manufacturer and custody provider, Ledger, continue to claim victims.On March 28, a post was published to Reddit by a user seeking to warn others that they had just lost 14,908 Ripple (XRP) (roughly $2,577) to a fake Ledger Wallet extension on the Google Chrome store. According to the poster, ‘leannekera’, the lost funds comprised a nest egg that she and her husband had been growing since 2017. The wallet that her XRP…Read More

  • Cointelegraph.com News - 29 March 2020, 6:33 pm

    Canada is the latest country to adopt FATF’s crypto guidance, but how will Canadian crypto firms fair under the new regime? As the world’s supervisory agencies start to heed the crypto guidelines of the Financial Action Task Force, a new regulatory landscape is taking shape within the crypto industry. The latest country to annex the FATF directives is Canada, but how will the new rules impact crypto business in the country?In a report released March 10, the Financial Transactions and Reports Analysis Center of Canada, or FINTRAC, unveiled plans for an “enhanced AML regime.” Come June 1, 2020, FINTRAC will…Read More

  • Cointelegraph.com News - 29 March 2020, 6:00 pm

    BitMEX’s research arm sheds light on who funds development of the open source software behind Bitcoin. The research arm of cryptocurrency exchange, BitMEX, shed some light on who is funding the development of the open source software behind Bitcoin (BTC).According to a BitMEX Research report published on March 28, blockchain firms Blockstream and Lightning Labs are the largest contributors to Bitcoin development. On the other hand, Bitcoin research firm, Chaincode Labs, is the largest financial supporter of Bitcoin Core software development. The researchers note:“We conclude that the situation is more healthy than it has been in the past, with respect…Read More

  • Bitcoin News - 29 March 2020, 5:05 pm

    Porn sites have been experiencing increased traffic as the number of people under lockdown or quarantine rises due to the coronavirus pandemic. Many of these sites accept cryptocurrencies, including Pornhub. The popular porn site currently offers residents of some countries free premium membership for a limited time to help them stay home during the covid-19 […] The post Porn Industry Thrives During Lockdown — These Sites Are Cryptocurrency-Friendly appeared first on Bitcoin News.Read More

  • Cointelegraph.com News - 29 March 2020, 5:00 pm

    Black hat hacker group claims to have compromised an insurance giant with ransomware. Black hat hacker group, Maze, claims to have used ransomware to compromise the systems of insurance giant, Chubb. They also claim to have stolen the firm’s data.Brett Callow, threat analyst at cybersecurity firm, Emsisoft, told Cointelegraph on March 27 that Maze published the claim on its website. While the website does not provide any direct proof of the hack so far, Callow pointed out facts that give the claim an air of credibility:“Maze’s past victims include governments, law firms, healthcare providers, manufacturers, medical research companies, healthcare providers…Read More

  • Cointelegraph.com News - 29 March 2020, 4:00 pm

    For beginners wanting to learn more about decentralized finance, CoinGecko’s ‘How to Defi’ provides an accessible entry point. Decentralized Finance (DeFi) is certainly the buzz-phrase in the cryptocurrency world right now. But although we are hearing more and more about the potential of this technological breakthrough to revolutionize the world of traditional finance, many are still unsure of what DeFi actually involves.CoinGecko has just released its very first book, called ‘How to DeFi’. This book aims to provide an easy entry point for those wanting to learn about the subject.Why to DeFiAfter an obligatory slew of quotes from industry figures,…Read More

  • Cointelegraph.com News - 29 March 2020, 2:39 pm

    Most top performers are attempting to climb back after a sharp sell-off. If they can sustain above their immediate overhead resistance levels, a bottom is likely to be confirmed. The coronavirus pandemic has only worsened this week and has engulfed almost the whole world. Several countries in Europe and the US have been the worst affected outside of China where the virus started. While the world attempts to tackle the spread of the virus by lockdowns, it is having a huge negative impact on the economy. In order to support the economy, the US announced a stimulus package of $2.2 trillion,…Read More

  • Bitcoin News - 29 March 2020, 2:02 pm

    Crypto traders and analysts have always looked to the halvings for some kind of clues in order to predict the future price of bitcoin. A number of traders also think that BTC price movements shift every four years and speculators often use the halvings as milestone markers. On March 28, crypto Youtube host and digital […] The post In-Between Bitcoin Halvings: Analyst Proves Bitcoin’s Price Not Bound to 4-Year Cycles appeared first on Bitcoin News.Read More

  • Bitcoin News - 29 March 2020, 7:30 am

    Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,” the patent reads. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget […] The post Microsoft Patents New Cryptocurrency System Using Body Activity Data appeared first on Bitcoin News.Read More

  • Bitcoin News - 29 March 2020, 12:45 am

    San Francisco-based exchange Kraken conducted a poll that stems from the responses of 400 “VIP” cryptocurrency traders. Despite the current economic climate, surveyed participants indicate they still believe the cryptoconomy is in a “bull market.” Moreover, Kraken’s survey respondents think BTC prices will touch a new all-time high at $22,866 per coin. Also read: 2x […] The post Trader Survey Respondents Predict Bitcoin Price Will Surpass $22K in 2020 appeared first on Bitcoin News.Read More