Please share if you find this article interesting. OKCoin CEO Hints at China Cooperation In Leaked Chat The founder of one of the largest cryptocurrency businesses in China appears willing to work more closely with the government. In comments that first emerged in an all-staff messaging group on WeChat, Star Xu, the founder of exchange services provider OKCoin, discussed a press conference Friday in which the governor of People's Bank of China (PBoC) addressed various financial issues including cryptocurrency. A screen capture of the group chat further shows that Xu told the staff he had also briefed the country's central bank on OKCoin's overseas expansion plan, its research on blockchain development and notably, a commitment that the firm is "prepared to donate it to the countr
Please share if you find this article interesting. EU Unveils ‘Enabling Framework’ For Blockchain And Fintech, Wants To Be ‘Global Hub’ The European Commission released its anticipated official angle on regulating fintech, including Blockchain technology, across EU member states on Thursday, March 8. A press release outlining the ideas, which the Commission now refers to as an “Action Plan,” saw high-level EU officials voice the need for an “enabling framework” for innovative technologies going forward. Cointelegraph previously reported on the forthcoming documentation, which comes following the establishment of a dedicated EU Blockchain organ, the EU Blockchain Observatory and Forum, at the start of February. “Technologies like blockchain can be game changers for financial servi
Please share if you find this article interesting. Bears in Control, But Bitcoin Eyes $8K Defense Bitcoin's 28 percent drop this week has turned the tide in favor of the bears, but a sustained break below $8,000 looks unlikely in the short-run, the price charts indicate. Having registered losses for four straight days, CoinDesk's Bitcoin Price index (BPI) fell to a one-month low of $8,371 in Asian hours. The decline was in line with the bearish continuation pattern seen on the bitcoin (BTC) charts during the U.S. session. The sell-off has pushed the market capitalization of BTC below $150 billion for the first time since Feb. 14. As of writing, the BPI is seen at $8,590. Despite the slight recovery from the session's low, the cryptocurrency is down 14.5 percent on a 24-hour basis...
Please share if you find this article interesting. Hacked Coincheck Exchange Will Refund Users, Resume Trading ‘Next Week’, Says CEO Hacked Japanese cryptocurrency exchange Coincheck will return stolen funds to customers “by the end of next week,” it announced March 8. According to a blog post quoted by Cointelegraph Japan, Coincheck, which lost $534 mln in NEM tokens to hackers in January 2018, will also seek to reopen its exchange services by the same deadline. This week, a forensics firm working on the aftermath of the hack said it had uncovered some of the tokens involved at an exchange in Vancouver, Canada. At the same time, Japanese regulator the Financial Services Authority (FSA) acted on the results of its own investigations of Coincheck and other cryptocurrency exchanges
Please share if you find this article interesting. Poloniex Says Scheduled Wallet Maintenance To End ‘Shortly’, No Update 16 Hrs After Start The Poloniex cryptocurrency exchange tweeted that they would be undergoing scheduled maintenance on their wallet service on Thursday, March 8, which has extended without comment from the company for over a day. Poloniex stated that the routine maintenance, which could affect withdrawals for certain currencies, would begin around 12:30 p.m. EST Thursday and that wallets should be operating normally “shortly after”. At press time, 16 hours after the maintenance was set to start, Poloniex had not yet commented on whether they have completed the scheduled work. We’ll be doing scheduled wallet maintenance today at ~12:30pm EST. During this time
Please share if you find this article interesting. Cardano Price Technical Analysis – ADA/USD Tumbles Below $0.20 Key Highlights ADA price declined further and it even failed to hold the $0.20 support against the US Dollar (tethered). There is a crucial bearish trend line forming with resistance at $0.2100 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair will most likely remain in a bearish zone and it could even break the $0.1850 support. Cardano price is under a lot of bearish pressure against the US Dollar and Bitcoin. ADA/USD could accelerate declines and it may even break $0.1850. Cardano Price Slide There were continuous losses from the $0.2800 swing high in ADA price against the US Dollar. A minor upside correction was initiated recently, but gains
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Collapsed Below $0.8000 Key Highlights Ripple price declined sharply and even broke the $0.8200 and $0.8000 support levels against the US dollar. Yesterday’s highlighted crucial bearish trend line with current resistance at $0.0.8000 is intact on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to decline further and it may even break the $0.7650 support in the near term. Ripple price declined heavily against the US Dollar and Bitcoin. XRP/USD is currently trading below $0.8000 and it may continue to decline towards $0.7200. Ripple Price Downtrend There was no respite above $0.8500 in Ripple price against the US Dollar. The price continued to trade lower
Please share if you find this article interesting. Bitcoin Drops Below $9K As Crypto Falls to 1-Month Low The price of bitcoin is trading at a 20-day low. At press time, the world's largest cryptocurrency by total value was continuing Thursday's decline into Friday's trading session, dropping nearly $500 beginning around 4:00 UTC, falling from just over $9,000 to a daily low of $8,587 at 4:30 UTC, according to CoinDesk's Bitcoin Price Index, As of press time, bitcoin had recovered slightly and was trading at $8,741. The price drop followed a similar development Thursday wherein bitcoin dropped toward $9,000 after first trading steady at around $10,000. At a three-week price low, bitcoin now is down 37 percent down from its recent high at $11,767 on February 20, In the meantime,
Please share if you find this article interesting. PayPal Filed a Patent to Speed Up Crypto Payments, Bitcoin Dev Argues It Already Exists The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. PayPal has filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of payments. Bitcoin expert argues that this is already made possible through existing technologies in the cryptocurrency industry. On March 5, 2018, Cointelegraph reported that PayPal filed a patent with the US Patent and Trademark Office (USPTO) for a technology that is supposed to speed up cryptocurrency payments through the utilization of secondary wallets. Essentially, PayPal seeks to optimize the proce...
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Slides Below $680 Key Highlights ETH price extended declines and it recently traded below the $680 support against the US Dollar. There is a major connecting bearish trend line forming with resistance at $720 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may not even correct higher and it is likely to extend declines below the $650 level. Ethereum price declined substantially against the US Dollar and Bitcoin. ETH/USD may continue to decline and it could even test the $600 level. Ethereum Price Bearish Bias There was no relief for buyers since ETH price failed to move above the $800 level against the US Dollar. The price started a fresh downside wave and tumbled belo