BLOCKCHAIN

Ripple Partners Could Help Pandemic Supply Chain

[ad_1] Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic.Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28. The CEO said that his lawyers would attend Ripple’s next executive committee and asked them to
EXCHANGES

Halving Strength: Bitcoin Holds Critical Levels In the $8,000s, Boosting Bull Case

[ad_1] Yesterday, just two days out from the long-awaited Bitcoin halving, the cryptocurrency market dove off a cliff. Within the span of about an hour or two, BTC fell about 15%, crushed by a cascade of selling orders. It was a bearish move that liquidated hundreds of millions of dollars worth of leveraged positions. While Bitcoin has yet to recover, analysts have observed that Bitcoin has held key support levels
BLOCKCHAIN

Tokenized Real Estate Booms While Security Tokens Struggle

[ad_1] Real estate tokens have continued to post a positive performance for investors, gaining an average of 4.27% during April while top securities tokens suffered losses for the month.The combined capitalization of security tokens fell 8% in total — comprising one of the worst months on record for the nascent sector according to a report published by Security Token Group.April also saw the combined trading activity for security tokens plummet
BUY/SELL

Bitcoin Price Bounces at Key Trendline Support 1 Day Before BTC Halving

[ad_1] In the last 3 hours Bitcoin (BTC) price gained 2.63% after dropping to $8,256 earlier in the day. With just less than 24-hours before the block reward halving is scheduled to take place, traders are likely biting their nails and anxious to see if the top ranked crypto-asset on CoinMarketCap will be able to reclaim $9,000. Crypto market weekly price chart. Source: Coin360Today’s drop to $8,256 brought the Bitcoin price
EXCHANGES

Crypto Traders Took a Massive $1.2B Hit During Yesterday’s 15% Crash

[ad_1] Few expected the crypto market crash that transpired yesterday. At times, Bitcoin was so volatile that the services of leading cryptocurrency exchange Coinbase temporarily went down, their status page suggests. No group felt the volatility as much as traders, which are especially vulnerable drops due to their utilization of leverage. Leverage allows traders to borrow money from exchanges, thus increasing potential returns but also increasing the risk. Crypto Traders
REVIEWS

Loom Network Responds to Rumors of the Project’s Demise

[ad_1] On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform have since responded publicly to Cointelegraph, indicating that the project is, in fact, alive and well.Communication in stasisFollowing the departure of the network’s CEO, the project announced that it would be pivoting away from its original business model into an enterprise-facing solution. In the weeks that
BLOCKCHAIN

$270M in Longs Liquidated as Pre-Halving Hype Backfires

[ad_1] Yesterday’s sudden crash saw the price of Bitcoin (BTC) fall 14% from roughly $9,450 to $8,101 in less than 15 minutes. This appears to have shaken out over-exuberant margin traders who longed near $10,000 on heavy margin.According to market data aggregator, Cryptometer, over $295 million worth liquidations occurred on BitMEX alone — 98% of which were long positions. By contrast, liquidated shorts totaled $5.7 million.$290M liquidated on BitMEX in
Business

Bitcoin Price Volatile 24 Hours Before Halving, Key Indicators Bullish

[ad_1] With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown exponentially, especially after balancing on the $10K threshold for some time. On May 9, BTC dropped to the $8,100 mark before making a small recovery to around $8,800.Nevertheless, the fact that BTC has overall been able to stave off bearish market pressure instilled a certain amount of confidence in
EXCHANGES

Dr. Doom and Peter Schiff Lambast Bitcoin After It Drops $2,000 in 2 Days

[ad_1] After rallying as high as $10,000, Bitcoin fell off a cliff on Saturday. In the day prior to and in the hours after the closing of Saturday’s candle, the BTC price plummeted from $10,100 to a low of $8,100 — a drop of 20%. It was a move that liquidated over $1 billion worth of leveraged positions on futures exchanges, and one that enticed Bitcoin bears to gloat. As
Business

Bitcoin Tests $10,000, ‘Halving Dump,’ $1M BTC Predicted: Hodler’s Digest, May 4–10

[ad_1] 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 WeekThree reasons for the Bitcoin “halving dump” from $10,000 to $8,100We’re less than 48 hours away from “the halvening” — and there’s been no end of