BLOCKCHAIN

Swiss National Bank President Says Stablecoins Could Hamper Policy

[ad_1] Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances.Cryptocurrencies’ limited use as payment instrumentsOn Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value and units of account, as they are subject to major fluctuations. Jordan went on to say:“Crypto
Business

Bitcoin Fails to Break $11,000 Again, Drops $400 in One Hour

[ad_1] Friday, Sept. 6 — The Bitcoin (BTC) price is holding around the $10,400 price mark after the largest cryptocurrency got rejected in its attempt to break $11,000.Market visualization. Source: Coin360Bitcoin was well on its way to the $11,000 price mark, hitting an intraday high of $10,895 when it lost $400 in less than an hour of trading. At press time the world’s most popular cryptocurrency is trading at $10,350, down
BLOCKCHAIN

Blockchain Startup DappRadar Raises $2.33M From Naspers, Blockchain.com

[ad_1] Lithuanian blockchain startup DappRadar, a platform for discovering and analyzing blockchain-based decentralized applications (DApps), announced it raised $2.33 million in seed funding.$2.33 million to expand services On Sept. 5, DappRadar announced the closing of a $2.33 million seeding round, which was led by Naspers, a South African-based global internet and media group, with participation from Blockchain.com Ventures, a venture capital fund and subsidiary of Blockchain.com, and Angel Invest Berlin.The blockchain
ALTCOIN

Ethereum’s Istanbul Hard Fork Implementation Delayed to Early October

[ad_1] Ethereum’s testnet activation of the Istanbul hard fork has been pushed back to early October, according to the community manager of the Ethereum Foundation, Hudson Jameson.According to CoinDesk on Sept. 6, Jameson said on a developers’ call that the testnet launch of the hard fork is now scheduled to take place in the beginning of October. He added:“For anyone listening in who doesn’t know how this works, we pick
BLOCKCHAIN

Fed Chair Says Agency Monitoring Crypto But Not Developing Its Own

[ad_1] Chairman of the United States Federal Reserve Jerome Powell said that the United States Federal Reserve is monitoring digital currencies carefully, but not working on its own at the moment.Speaking at a forum in Zurich, Switzerland, on Sept. 6, Powell addressed the issue of cryptocurrencies, arguing that central banks would likely will not release their own digital currency in the near future. Powell added that cryptocurrencies raise a range
BLOCKCHAIN

Telegram Releases TON Testnet Explorer and Node Software

[ad_1] The encrypted instant messaging service Telegram has released the Telegram Open Network (TON) testnet explorer and node software.Telegram token due in two monthsOn Sept. 6, Telegram released its Telegram Open Network (TON) testnet explorer and node software on its website, two months ahead of its planned launch of the Gram digital currency.As Cointelegraph reported on Aug. 28, three anonymous investors in Telegram’s $1.7 billion private initial coin offering had said that
EXCHANGES

Monthly Macro Support Tested With Impulsive Move

[ad_1] Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently showing signs of support exactly where the bulls would want to see the market find support. If we can hold the $10,300 level, I expect to see
BLOCKCHAIN

Maltese Financial Regulator Will Actively Monitor Cryptocurrency Firms

[ad_1] The Malta Financial Services Authority (MFSA) says in its recently published strategic plan that it will actively monitor and manage business-related risks related to cryptocurrency firms.Monitor crypto firms to prevent crypto-related crimesOn Sept. 6, the MFSA published its three-year strategic plan for 2019–2021 which states the Malta financial regulator will strive to modernize their regulatory approach to be one step ahead of industry developments.The MFSA said it will work closely
EXCHANGES

Energy Companies Are Missing Out on Bitcoin Mining

[ad_1] <iframe style=”border: none” src=”//html5-player.libsyn.com/embed/episode/id/11154686/height/90/theme/custom/thumbnail/yes/direction/backward/render-playlist/no/custom-color/87A93A/” height=”90″ width=”100%” scrolling=”no”  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> In this episode of the Bitcoin Magazine Podcast, the guys bring on Brandon Green, another Bitcoin Magazine staffer, to talk about a spicy op ed he recently wrote about the Bitcoin mining energy consumption problem. Green flips the problem on its head by asking why more energy companies aren’t seeing the business opportunity in servicing cryptocurrency mining