Friday, November 27Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Bitcoin + Post-Trade? Nivaura Exits Stealth to Help Banks Use Open Blockchains

Bitcoin + Post-Trade? Nivaura Exits Stealth to Help Banks Use Open Blockchains

BITCOIN
Until today, all that was publicly known about Nivaura was its presence in some rather elite blockchain incubators – ranging from JP Morgan’s in-residence program to two terms in the UK Financial Conduct Authority’s regulatory sandbox. But it turns out the little-known startup based on Liverpool Street in London, has been doing a lot more than just hobnobbing with bulge bracket banks and building proofs-of concept. As revealed exclusively to CoinDesk, Nivaura has formed key partnerships with banks and others in the financial markets space, and has been granted what it described as “restricted” permission from the UK regulator to execute the process of issuing financial instruments and administering them after their release. If successful, the series of experiments (which inc
Equity Markets on a Blockchain: Delaware’s Potential Impact

Equity Markets on a Blockchain: Delaware’s Potential Impact

ADOPTION, BLOCKTECH
Last week, Delaware passed amendments to state legislation that, once signed into law by the end of July, will give corporations registered in the state the right to issue and trade shares on a blockchain platform.  While this may on the surface sound like a small modification, it is a big deal. Companies and exchanges around the world have been investigating how distributed ledgers could help with issuance, execution and settlement (some have even issued shares on a blockchain). However, they have been doing so under a cloud of regulatory uncertainty, unsure of whether the stakeholders – including the relevant governing bodies – would allow the innovations to take hold. For the first time, businesses will be able to experiment with new processes knowing they have the protection
Digital Currency Market Cap Touches a Recent Monthly Low

Digital Currency Market Cap Touches a Recent Monthly Low

FINANCE
The crypto markets continued to bleed on Monday, as the total value of all cryptocurrencies dipped below $90 billion. Leading the retreat were bitcoin and ethereum, whose prices both fell by at least 4.5%. Altcoins, as usual, were hit even harder, causing 10 of the top 15 coins to post weekly declines of at least 10%. The markets had spent the past few weeks attempting to stay above the $100 billion threshold, but even that number now appears out of sight. At $87.9 billion, the current total crypto market cap has reached a monthly low. It is also the first time in July the total market cap has dropped below $90 billion.   Bitcoin Price Stumbles Despite a slight decline, the bitcoin price had remained relatively stable for the past week. That changed on Sunday when the ...
Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’

Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’

ALTCOINS
Further details from a police charge sheet have emerged during the ongoing crackdown against OneCoin in India, a purported digital currency scheme widely seen as a scam. Indian authorities have filed a primary charge sheet against 30 individuals accused of promoting OneCoin in the country. The charge sheet, a formal document of accusation by law enforcement to a court of law, also includes Bulgarian national Rjua Ignatova, the founder and ‘CEO’ of OneCoin, according to the Indian Express. Tushar Doshi, deputy commissioner of crime at Navi Mumbai police stated: In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme. Filed at a court of law in Mumbai by local police, the charge sheet reveals details of the investigati
Legalizing Bitcoin Can Help Russian Border Cities Improve Their Regional Economy

Legalizing Bitcoin Can Help Russian Border Cities Improve Their Regional Economy

BITCOIN
The Bitcoin situation in Russia is quite remarkable, to say the least. Various smaller districts demand the Russian Central Bank legalizes Bitcoin. That is a surprising turn of events, although the logic behind this request is more than solid. Border cities feel Bitcoin can help their regional economy thrive in the years to come. The bigger question is whether or not the central bank will pay attention to these requests. Legalizing Bitcoin will be a rather difficult matter. More specifically, Russia is not too keen on taking such a big step right now. While the country is warming up to cryptocurrency, legalizing it is a whole different matter. Then again, various border cities feel Bitcoin can make a positive impact on the regional economy. Formally asking the bank of Russia to lega
Ethereum Traders From Different Walks of Life Explain Its Value

Ethereum Traders From Different Walks of Life Explain Its Value

ETHEREUM
In an interview with Vice, six Ethereum traders including physicists, scientists, entrepreneurs and students explained why they aren’t ready to cash out their savings stored in Ethereum’s native token, Ether. Over the past year, within a 12-month period, the price of Ethereum’s Ether increased from $10 to $242, increasing by a staggering rate of 2,320 percent. With an initial investment of around $10,000, some Ethereum traders including Jason Pappafotis, a 37-year-old physicist based in Alabama, recorded hundreds of thousands of dollars in profit. Yet, most traders don’t intend to cash out their investments in the near future, considering the potential of the Ethereum network and the industry’s expectations for decentralized applications and decentralized autonomous organizations. T
5 Largest Companies Accepting Bitcoin Payments

5 Largest Companies Accepting Bitcoin Payments

ADOPTION
No longer shunning and brushing Bitcoin under the carpet, some of the world’s biggest companies have seen the light and are accepting digital currencies as a form of payment. Bitcoin’s reputation as an obscure currency that is only used on the Darknet has long been left behind as the digital currency finds itself more in the mainstream than in shadowy corners. The growth of the currency as an asset, as well as the technology behind it, has sparked the interest of a lot of forward-thinking and progressive companies. The likes of Microsoft, Overstock.com, DISH Network, Intuit, and even the rival of sorts PayPal are all utilizing Bitcoin. Microsoft As one of the pioneers of technology it only makes sense that a company with the prestige of Microsoft has decided to invest and integrat
Bitcoin is Beyond the Inherent Flaws of Fiat Money

Bitcoin is Beyond the Inherent Flaws of Fiat Money

BITCOIN
While many mainstream media personalities and analysts remain skeptical about bitcoin (and often rehash misinformation), others are beginning to give cryptocurrency an honest appraisal. The latest comes from leading German business magazine Wirtschafts Woche, which recently published an article praising bitcoin. “The Revolution of Cryptocurrency,” written by economist Thorsten Polleit, argues that the advent of cryptocurrency set off a monetary revolution that could eventually supplant fiat national currencies. Public fiat money, he explains, possesses four inherent flaws: Inflation Monetary distribution inequality The tendency to produce boom-bust cycles The temptation to increase national debt Polleit states that cryptocurrencies avoid these and other flaws due
Ethereum Classic Price Technical Analysis: Positioning to Fall Below $15.5

Ethereum Classic Price Technical Analysis: Positioning to Fall Below $15.5

PRICE ANALYSIS
Ethereum classic price moved down in the bearish zone against the US Dollar and Bitcoin, and ETC/USD now positioning for more declines below $15.50. Key Highlights Ethereum classic price finally broke an important pattern and traded towards $14.50 against the US Dollar. This past week’s major contracting triangle pattern with support at $16.90 on the hourly chart (data feed via Kraken) of ETC/USD was breached. The price corrected lower after trading as low as $14.47, but failed to regain the bullish bias. Ethereum Classic Price Resistance This past week, we followed a major contracting triangle pattern with support at $16.90 on the hourly chart (data feed via Kraken) of ETC/USD. There were many swing moves inside the triangle, but later ETC price lost momentum and decli
Ethereum Price Technical Analysis: Sliding Further Down

Ethereum Price Technical Analysis: Sliding Further Down

PRICE ANALYSIS
Ethereum price is struggling to recover against the US Dollar and Bitcoin, and ETH/USD might continue to slowly grind lower towards or below $225. Key Highlights ETH price remained in a bearish trend and traded to a new weekly low at $225 against the US Dollar. There is a new bearish trend line with resistance at $235 forming on the hourly chart of ETH/USD (data feed via SimpleFX). The price may retest the $225 swing low today where buyers could be tested. Ethereum Price Decline There was an extension of the last leg in ETH price as it traded below the $248 support against the US Dollar. The price declined to a new weekly low at $225. Later, a recovery was started and the price moved above the 23.6% Fib retracement level of the last decline from the $270.85 high to $225