Friday, August 23Your Daily Bitcoin & Altcoin News Portal
Deribit and Paradigm Launch Crypto Derivatives Block Trading

Deribit and Paradigm Launch Crypto Derivatives Block Trading

BITCOIN
Please share if you find this article interesting. Deribit and Paradigm Launch Crypto Derivatives Block Trading Dutch crypto derivatives exchange Deribit launched a block trading solution in partnership with American trading communication platform Paradigm. World’s first block trading tool for crypto derivatives The institutional block trading solution is reportedly the first one of its kind offered by a crypto-derivatives exchange, the firms said in a press release shared with Cointelegraph on Aug. 22. The new block trading solution intends to enable institutions to directly negotiate crypto-derivative trades via chat on Paradigm, while agreed information is automatically directed to Deribit for execution and clearing.  What are block trades? Block trades are privately negotiate
CryptoGirl
Bitcoin Selloff Stalls at Historical Price Support Near $10K

Bitcoin Selloff Stalls at Historical Price Support Near $10K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Selloff Stalls at Historical Price Support Near $10K View Bitcoin’s defense of the 100-day moving average and a bullish divergence of an hourly chart indicator suggest scope for a minor price bounce to $10,300 Bitcoin will remain in the hunt for a drop to $9,467 (Aug. 13 low), as long as the rising wedge breakdown seen on the 4-hour chart remains valid. A UTC close above $10,956 would shift risk in favor of a rally to $11,850-$12,000. A weekly close above $12,000 is needed to confirm bullish revival. Bitcoin (BTC) sellers are again struggling to force a sustained break below a widely-followed support level, but the outlook would turn bullish only above $10,956. The premier cryptocurrency by market value fell by $600 in th
CryptoGirl
Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank

Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank

BITCOIN
Please share if you find this article interesting. Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank South Korean blockchain startup Blockco has secured 9 billion Korean won ($7.5 million) in a recent Series B+ funding round participated by major local banks. Banks continue interest in blockchain Backed by South Korea’s tech giant Samsung, Blockco announced the investment in a blog post on Aug. 22. The funding round involved South Korea’s oldest bank Shinhan Bank and South Korea's largest foreign exchange bank, Korea Exchange Bank, also known as KEB Hana Bank.  Additionally, the new investment was also supported by healthcare-focused venture capital firm LB investment and the venture arm of Seoul-based entertainment startup Dadam Game. Blockco backed by Samsung and
CryptoGirl
R3 Plagued by Internal Conflicts Over Corda, Sources Claim

R3 Plagued by Internal Conflicts Over Corda, Sources Claim

BITCOIN
Please share if you find this article interesting. R3 Plagued by Internal Conflicts Over Corda, Sources Claim The development of R3’s enterprise blockchain platform Corda is being plagued by fundamental disagreements over its core vision, causing frustration and delay. The claim was made in a report from FT Alphaville on Aug. 22, citing numerous insider sources. “Corda maximalists” versus interoperability proponents Sources close to R3 reportedly allege that there is a gulf between Corda’s engineers and its senior management as regards the product’s design and development. The engineers have purportedly lost faith in the technology itself, considering it to be functioning poorly and underscoring that it lacks scalability.  They have also pointed to the allegedly 5-figure monthly
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Bitcoin Maximalists Embrace Ethereum After Receiving an Offer They Can’t Refuse – Bitcoin News

Bitcoin Maximalists Embrace Ethereum After Receiving an Offer They Can’t Refuse – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin Maximalists Embrace Ethereum After Receiving an Offer They Can’t Refuse - Bitcoin News A group of hardcore bitcoin maximalists have heroically overcome their hatred for Ethereum after receiving ERC20 shares in crypto exchange INX worth hundreds of thousands of dollars. The staunch BTC loyalists, led by Blockstream CTO Samson Mow, have agreed to support a project built on Ethereum, despite all the mean things they’ve said about it. The news has provoked intense debate within the crypto space, however, with some cynics arguing that the maximalists are only in it for the money. Also read: The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt Mow Money, Mo’ Problems As CTO of Bitcoin development company Block
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Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, New Data Shows

Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, New Data Shows

BITCOIN
Please share if you find this article interesting. Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, New Data Shows Bitcoin (BTC) price has far higher to go during its current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric. In social media posts Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That was just months before the cryptocurrency reached its all-time high of $20,000. “Bitcoin bubble tops are clearly identified with a dark red cluster of Adjusted Binary BDD,” he summarized tweeting a corresponding chart.  He added: “Until that happens, we're not at the top. Public opinion is key here because that r
CryptoGirl
Andrew Yang Wants to Make US Elections Fraud-Proof Using Blockchain

Andrew Yang Wants to Make US Elections Fraud-Proof Using Blockchain

BITCOIN
Please share if you find this article interesting. Andrew Yang Wants to Make US Elections Fraud-Proof Using Blockchain Andrew Yang, a 2020 United States presidential candidate in the Democratic Party and blockchain advocate, says he will implement blockchain-based mobile voting as president. According to Yang’s campaign website, Yang believes that Americans should have the option of voting on a mobile device, using blockchain tech for verification purposes. Yang also believes that in terms of security risk, most voting machines are just as vulnerable to hackers as is the case with modern tech. Yang states: “It’s ridiculous that in 2020 we are still standing in line for hours to vote in antiquated voting booths. It is 100% technically possible to have fraud-proof voting on our mo
CryptoGirl
Swiss Private Bank Says 400 New Clients Demanding Crypto Products

Swiss Private Bank Says 400 New Clients Demanding Crypto Products

BITCOIN
Please share if you find this article interesting. Swiss Private Bank Says 400 New Clients Demanding Crypto Products Swiss private bank Maerki Baumann has had a deluge of over 400 new clients wanting to tap its future blockchain offerings since it revealed its interest in the sector. Swiss Info reported on Aug. 22 that the Zurich-based institution — which has $8.2 billion AUM but faces stiff market competition and an erosion of its margins — has opted to embrace blockchain to rejuvenate its business.  Bid to be “the go-to private bank” in Swiss crypto In an interview with Swiss Info, Maerki Baumann CEO Stephen Zwahlen said that the bank’s revelation it would be launching a crypto business already signals a dramatic reversal in fortunes: “In our traditional business, we usually h
CryptoGirl
Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee

Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee

BITCOIN
Please share if you find this article interesting. Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee Bitcoin (BTC)price  will never make it to $50,000, gold bug and crypto skeptic Peter Schiff has claimed in the latest attack on the largest cryptocurrency. ‘This is hysterical’ In a social media debate on Aug. 20, Schiff, who is well known for his distaste for Bitcoin, said that gold would definitely reach $5,000 in the future.  Schiff was debating with Joe Kernen, the CNBC host who recently interviewed Bitcoin proponent and regular Schiff troll, Anthony Pompliano. “Prior the 2008 financial crisis, when I was still invited on CNBC, Joe was critical of my advice to buy gold. Joe was wrong to be bearish on gold then, and he's wrong to be bullish on Bitcoin now!
CryptoGirl
Bitcoin Dominance Is Actually Above 90%, New Research Suggests

Bitcoin Dominance Is Actually Above 90%, New Research Suggests

BITCOIN
Please share if you find this article interesting. Bitcoin Dominance Is Actually Above 90%, New Research Suggests Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, Forbes reported on Aug. 22. While mainstream crypto data aggregators have been pointing to a dominance level of around 70%, analysts at Arcane Research have calculated that the real level may be much higher. Liquidity must be taken into account Arcane Research has argued that to get a more accurate measure of Bitcoin’s dominance, liquidity should be factored into the equation. They write:  “One might be able to sell one token for 3 dollars, but what happens if you want to sell 1 million? Without accounting for liquidity, market capitalization becomes a mean