BLOCKCHAIN

Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

[ad_1] The CEO of transactions firm NZIA Ltd, Jay Joe, says Bahamian tech startups will need to lead the development of Project Sand Dollar, according to a report by the Nassau Guardian on May 31.Project Sand Dollar is an initiative to tokenize the Central Bank of the Bahamas’ (CBOB) fiat currency as a central bank digital currency (CBDC), which is supposed to launch in the Bahamian district Exuma this year.Joe
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Binance Research: ‘Non-Crypto Public’ is Now Getting Into Bitcoin

[ad_1] Institutional demand for crypto assets is decisively starting to affect the crypto space. Bitcoin remains the “bellwether” of the industry, while data showing that the crypto market has already bottomed out is becoming more explicit, according to Binance Research. Institutional Appetite For Crypto Is Skyrocketing The crypto industry will continue to gain momentum over 2019, with the pace of evolution potentially speeding up if crypto asset prices get a
Business

Crypto Markets Show Signs of Recovery, While Oil Prices Slump

[ad_1] Friday, May 31 — cryptocurrencies are on the rise again after seeing a slight correction yesterday, May 30, with EOS (EOS) being the only coin among the top-20 cryptocurrencies to register double-digit gains.Market visualization by Coin360The leading digital currency bitcoin (BTC) is up slightly over 3% on the day, and is trading at $8,573 at press time. On its weekly chart, bitcoin saw its lowest price point at $7,924
BLOCKCHAIN

G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments

[ad_1] G20’s international watchdog, the Switzerland-based Financial Stability Board (FSB), said in its latest report that regulators need to improve their risk assessment strategies regarding financial activity in the crypto space, according to a report by Reuters on May 31.The report noted that one potential risk assessment metric regulators could look at is banks’ and other financial entities’ degree of exposure to cryptocurrency. The report also added that the FSB
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Buy Failing Deutsche Bank With Bitcoin, Suggests Fund Manager

[ad_1] Frankfurt-based multinational investment bank Deutsche Bank has seen its stock price decline over the past five years with no signs of revival. Popular cryptocurrency fund manager Anthony Pompliano says that it would be interesting if people put their bitcoin together and bought it out.  Deutsche Bank Stocks in a Free Fall Deutsche Bank (DB) is a large multinational investment bank that’s based in Frankfurt, Germany. It currently has its
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North Korean Hackers Attack Upbit Users in South Korea

[ad_1] North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit. News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information. The hackers sent out an email claiming that Upbit users needed to submit more information to become eligible for a prize drawing. When users opened up the email reportedly containing information about a
Business

Brazil Establishes Committee for Cryptocurrency Regulation

[ad_1] The President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country, Cointelegraph Brasil reported on May 31.The Chamber of Deputies of Brazil is a federal legislative body and the lower house of the National Congress of Brazil, and consists of representatives of the states elected every four years. The Chamber discusses and approves proposals for economic and social
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Bitcoin Price Analysis: Bullish Market Structure Upheld Following Strong Sell Off

[ad_1] Summary: Although we saw a strong sell off yesterday, the bullish market structure has yet to be violated. The weekly support has been confirmed for the time being and our parabolic advance is still intact. We are currently failing to hold support in the $8,500s for our intraday market structure. As we test the failed support we have yet to confirm if it has new found resistance. If we
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Testing the Noncustodial Button Wallet With BCH Over Telegram Messenger

[ad_1] Users of the Telegram-infused cryptocurrency Button Wallet can now purchase digital assets through its partnership with the payment processor Wyre. Button Wallet allows users to store, send, and receive cryptocurrencies like BCH, ETH, BTC, LTC, and ETC through the Telegram messaging app. The following is an in-depth review of my experience using Button Wallet after hearing about the app on social media. Also read: Hackers Have Looted More Bitcoin
BLOCKCHAIN

Most Ethereum Decentralized Apps Not Used Productively

[ad_1] 83% of decentralized applications (DApps) on the Ethereum network are “not in the most productive uses,” according to Ernst & Young’s (EY) head of innovation.Paul Brody, Global Innovation Leader for blockchain at Big Four audit firm EY, spoke about developments in the blockchain and digital asset industries during a Fintech Forum hosted by the United States’ Securities and Exchange Commission’s (SEC) on May 31.The event was organized by the