Please share if you find this article interesting. Decentralized Exchanges Aren't Living Up to Their Name – And Data Proves It Some say a "decentralized exchange" is an oxymoron. Perhaps not, but for now it's not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using a platform operated by a single entity. The main selling point is that unlike today's better-known crypto trading platforms (think Coinbase, Kraken or Binance), a decentralized exchange shouldn't require traders to store their money with a third party that can be hacked. Yet while "DEX" has been a hot buzzw
Please share if you find this article interesting. China: Blockchain Group From Three Telecoms Giants Begins Exploring Use Cases China’s three major telecoms operators launched a blockchain research group, which has held its first meeting, local media outlet Fintech News reports July 23. The product of China Mobile, China Unicom and China Telecom, the group involves a total of twenty experts from eight companies including Huawei, Union Mobile, and Financial Technology (UMF). The aim, an unnamed China Mobile official said, is to “build a trustworthy blockchain application team to explore the blockchain area.” “It's a solution in terms of order management, contract management and creation of use cases,” the official added. The telecoms group will reportedly seek to increase underst
Please share if you find this article interesting. Gaming Marketplace for Unique In-Game Items Partners With Esports Team Tempo Storm The marketplace GamerToken has announced its partnership with Tempo Storm, a large American esports team and media company. This partnership follows the joining of the founder of Tempo Storm, Andrey “reynad” Yanyuk, to their advisory board in June. As one of the major esports media companies in the world, Tempo Storm expanded from its initial Hearthstone team and now encompasses Fortnite, Heroes of the Storm, World of Warcraft and more titles. This will be the platform’s first esports partner, and Yanyuk believes that it might have a big impact on the entire esports scene. “With GamerToken, the esports genre is taking the next step toward other pro
Please share if you find this article interesting. Ex-JPMorgan Exec: Blockchain May Be Key to Avoiding Next Global Financial Crisis The former vice president of North American investment banking at JPMorgan Chase has said that blockchain “may be the key to avoiding the next global financial crisis," the China Economic Times reports today, July 23. Pang Huadong, currently an honorary academic advisor of the Asian Blockchain Institute, said that his experience at JPMorgan during the peak of the 2008 financial crash led him to think that blockchain could be the pivotal technology for establishing transparency and trust in the global economic system: “[When I began to work at JPMorgan in 2007,] 13 people managed [the bank’s] $40+ billion [assets].... when the 2008 financial crisis w
Please share if you find this article interesting. Bitcoin Price Hits Two-Month High as Dominance Rate Spikes Bitcoin's (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap's bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency, rose to 46 percent today — the highest level since December 20, adding credence to BTC's 20 percent rally seen in the last seven days. To start with, a rise in the BTC dominance rate essentially means the premiere cryptocurrency is more in demand compared to the alternative cryptocurrencies. The above chart shows: The BTC dominance rate has increased from 40.5 percent
Please share if you find this article interesting. G20 Forum Shelves Deadline for ‘Very Specific Recommendations’ on Crypto Cryptocurrencies will continue to receive a broadly hands-off approach from the G20 until at least October, a meeting of the forum confirmed July 21-22. A summary of interim decisions made by the dedicated Finance Ministers & Central Bank Governors (FATF) group sees any hard-and-fast regulatory steps regarding cryptoassets remain absent. The results follow a four-month consultation period which FATF enacted during a previous gathering in March. At the time, representatives said they were obliged to create what they called “very specific recommendations” for how to approach the cryptocurrency sphere at international level. In the intervening months, however,
Please share if you find this article interesting. Cardano Price Analysis: Dips in ADA/USD Remains Supported Key HighlightsADA price started a nice upside move after testing the $0.1550 support against the US Dollar (tethered).There was a break above a crucial bearish trend line with resistance at $0.1650 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair is currently placed above the 100 hourly simple moving average and the $0.1700 support.Cardano price is gaining momentum against the US Dollar and Bitcoin. ADA/USD is likely to move further higher above the $0.1800 level in the near term.Cardano Price AnalysisAfter a major downside correction, cardano price found support above the $0.1500 level against the US Dollar. The ADA/USD pair formed a low at $0.1542...
Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Poised to Test $8,000 Key PointsBitcoin price traded higher and broke a major resistance at $7,580 against the US Dollar.There was a break above a connecting resistance trend line at $7,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to move further higher towards the $7,800 and $8,000 resistance levels.Bitcoin price is slowly gaining bullish momentum above $7,500 against the US Dollar. BTC/USD is likely preparing for more gains towards the $8,000 barrier.Bitcoin Price AnalysisBitcoin price was rejected many times near the $7,550 and $7,580 resistance levels against the US Dollar. The BTC/USD pair recently dipped towards the $7,320 level, where it found strong bi...
Please share if you find this article interesting. Meet DOJ’s Crypto Czar: Expert Take In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to [email protected] The indictment of twelve Russian intelligence officials may be the most vivid illustration yet of how cryptocurrencies have been used for criminal purposes to “Attack America in new and unexpected ways.” But “Criminals who think that they are safe on the Darknet are wrong. We
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Eyeing Upside Break above $0.4650 Key HighlightsRipple price found support near the $0.4300 level and recovered a few points against the US dollar.There was a break above major connecting bearish trend line with resistance at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently attempting an upside break above $0.4620 the 100 hourly simple moving average.Ripple price is trading with a positive bias against the US Dollar and Bitcoin. XRP/USD must break $0.4620 and $0.4650 to accelerate higher in the near term.Ripple Price ResistanceThis past week, there was a sharp decline in Ripple price from well above the $0.5000 level against the US Dollar. The XRP/USD p...