Business

Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

[ad_1] United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1.Libra attracted attention to BitcoinIn the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company:“Thanks to Facebook’s Libra and Congress, we have just fast-forwarded two or three years into crypto’s future, accelerating all the
Business

Exchange OKEx Launches Data Analytics Platform for Derivatives Trading

[ad_1] Malta-based digital asset exchange OKEx has launched a new comprehensive data insights platform that covers trading trends for derivatives.According to a press release shared with Cointelegraph, this platform will reportedly allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH, and XRP. The platform provides six indicators of market trends as follows: long/short positions ratio,
Business

Brazilian Non-profit Tags Clothes for Workplace Abuse Using Blockchain

[ad_1] The Brazilian non-profit Alinha Institute has launched their Alinha Tag, aiming to inform customers of the labor conditions of the workshops that produced their clothes.As per a Cointelegraph Brasil report from July 3, the new Alinha Tag is especially concerned with forced labor in Brazil’s fashion industry. According to Brazilian business newspaper Valor Económico, over 81,000 workers in Brazil were rescued from forced labor in 2018.Per the Alinha Institute’s
EXCHANGES

Research Reports Show Positive Crypto Industry Growth in H1 2019

[ad_1] More than half the year is behind us and the cryptocurrency ecosystem continues to move forward, showing relentless growth over the last six months. 2019 has also seen a new theme arise as speculators believe the cryptocurrency ecosystem is experiencing an influx of institutional interest and regulatory crackdowns. A variety of cryptocurrency research reports analyzing the first two quarters of the year show the space has seen a lot
Business

Bitcoin Price Holds $10,000 as Top Cryptos See Mixed Movements

[ad_1] Saturday, Aug. 3 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $10,750 mark again.Market visualization courtesy of Coin360Bitcoin price is currently up by 3.15% on the day, trading at around $10,778 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 9.56%.Bitcoin 7-day price chart. Source: Coin360As Cointelegraph reported yesterday,
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Bitcoin Dominance Growing: Reaches 66%

[ad_1] There is a subtle shift happening within the cryptocurrency space. While the price of Bitcoin (BTC) continues to soar, blasting through resistance and surpassing the $10,000 mark, altcoins as a group are being left in the dust. Something has changed in the background of cryptocurrency demographics, as Bitcoin dominance has surpassed a 65% mark after having dropped as low as 35 percent back in January of last year. However,
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P2P Crypto Lending Is on the Rise

[ad_1] As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied to ordinary citizens while bypassing its traditional gatekeepers, usurping the authority of banks and credit agencies in the process. Also read: Banks Stopped Walmart
BLOCKCHAIN

South Korea’s Shinhan Bank Developing a Blockchain Stock Lending System

[ad_1] South Korea’s oldest bank, Shinhan Bank, is developing a Distributed Ledger Technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1.Blockchain-based stock lendingPer the report, Shinhan Financial Investment signed an agreement with financial services company Directional to develop a blockchain-based stock lending service on May 28. Personal stock lending is part of a broader development of innovative financial services that are currently being pursued by the company.Not
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Bitcoin Price Analysis: Bulls Pushing BTC Towards $11,000

[ad_1] In my previous analysis, we looked at how bitcoin price action was trading in a key decision point. Now BTC bulls are heading back towards the $11,000 price mark forming a new uptrend. Bitcoin Price 1-Hour Chart On the 1 Hour chart for XBT/USD, we can see how the recent breakout of the asymmetrical triangle mentioned in a previous analysis has progressed over the last 3 days. The decision
EXCHANGES

MoneyGram Is Ready to Use Ripple’s xRapid

[ad_1] Top cross-border payment service MoneyGram has announced that it is prepared to use Ripple’s xRapid technology, which is based on the XRP currency. During the second quarterly earnings call, CEO Alexander Holmes stated that: “MoneyGram is now live and transacting on the Ripple xRapid platform.” “We started executing trades earlier this week and all signs point to this being a tremendously beneficiary [sic] relationship. We are literally settling transactions