Ethereum Will ‘Mega Moon’ Against Bitcoin, Predicts Trader

Ethereum continues to languish against bitcoin. Here’s what it needs to break the downward spiral. | Source: Shutterstock To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair. $ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W — Suprematic Wassie (ex_hermit) (@GothBtcSinner) September 10, 2019 Nevertheless, big accounts in the…

Blockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…

Facebook Libra Must Follow US Rules, Says Treasury Official

It was back in July that Facebook’s Libra was announced and ever since the announcement, it has become the subject of intense scrutiny from lawmakers. It has not only led to the scrutiny of the entire cryptocurrency project announced by Facebook (NASDAQ:FB) but that of the wider cryptocurrency market as well and consequently, it has proven to be a massive disruption. It also coincided with the point at which Bitcoin price started giving up the momentum that it had gained in the first half of the year. Key Details In a…

IBM Official Elected Chair of Hyperledger Blockchain Tech Board

The Hyperledger technical steering committee (TSC) has elected another IBM official as its chair amid controversy over the tech giant’s increased representation on the panel. Arnaud Le Hors, a senior technical staff member for blockchain and web open technologies at IBM, succeeds Dan Middelton, a principal engineer with Intel, according to an email sent to the TSC mailing list Wednesday.  “I’m happy to have the chair role in good hands,” Middelton wrote to the list. A year ago Middelton replaced Christopher Ferris, CTO of open technology at IBM, who had…

Bitcoin’s Boring Again. Is $10,000 BTC’s Yawn-Worthy New Normal? – CCN.com

Bitcoin’s suddenly boring again. Has $10,000 become the yawn-inducing new normal for BTC, or will the market wake back up soon? | Source: Shutterstock After bitcoin’s parabolic renaissance sparked hopes of new highs back in April, the expectation of BTC reclaiming $20,000 has become a fleeting reality. In recent weeks, bitcoin has sluggishly ranged between $10,000 and $11,000, causing its trademark volatility to vanish. Tranquil Bitcoin Market Leaves Traders Daydreaming of More Volatile Times Research from cryptocurrency fund manager Blockforce Capital reveals that BTC volatility is currently languishing at a…

Seed CX Subsidiary Zero Hash Launches Support for Crypto Derivatives

Zero Hash, a calculation and settlement agent and subsidiary of cryptocurrency platform Seed CX, has added support for derivatives. According to a press release published on Sept. 11, Zero Hash now allows the settlement of bilateral derivatives transactions and supports settlement functions for forwards. The newly released service provides collateral management for derivatives, including options such as  “the calculation of variation margin, initial margin and final settlement values […] the sending of margin-call notifications.” Expansion to new options After procuring a virtual currency license from the United States Financial Crimes…

Ethereum Dev Firm ConsenSys Now a Premier Member of Hyperledger

Ethereum-focused development firm ConsenSys becomes a premier member of blockchain development project Hyperledger, according to a press release shared with Cointelegraph. Software already submitted Per the release, ConsenSys also submitted its Pantheon Java-based Ethereum client to Hyperledger as the project ​Hyperledger Besu. Besu, which is reportedly the first public chain compatible blockchain submission to Hyperledger, is the fifteenth Hyperledger project.  Hyperledger executive director Brian Behlendorf commented on the submission, saying: “By submitting the code for Hyperledger Besu right out of the gate, ConsenSys is showing its support for our mission…

New Mining Difficulty Metric Points to $31K Bitcoin Price by 2021

Bitcoin (BTC) price should hit $30,000 during its current price cycle, new data based on mining difficulty suggests. Published by well-known analyst PlanB on Sept. 10, the statistics combine Bitcoin price as a percentage of difficulty lows, along with the number of blocks since the last low. The difficulty is a measure of how difficult it is to find a hash below a given target. Simply put, it measures the complexity of the equations miners must solve in order to validate blocks of Bitcoin transactions.  It can act as a…

Mastercard Partners With Blockchain Firm R3 for Payments Solution

Mastercard partnered with blockchain firm R3 to develop a cross-border payment solution. According to a Mastercard press release published on Sept. 1, the two firms plan to pilot a new blockchain-enabled cross-border payment solution. The system will reportedly focus on connecting global faster payments infrastructures, schemes and banks. Multiple ways to move money Per the release, the announcement is part of Mastercard’s plans to strengthen its cross border payments network, building on its acquisition of global payments company Transfast earlier this year.  The partnership with R3 is part of the…

Pundi X Says Its BOB Smartphone Is the First Powered ‘Entirely by Blockchain’

Decentralized offline cryptocurrency sales network firm Pundi X showcased its Blok on Blok (BOB) blockchain smartphone at the IFA trade show in Berlin, reported IT-focused news portal CIOL on Sept. 10. Pundi X claims that BOB is the first smartphone in which every bit of data will be executed on the Function X blockchain ecosystem – the company’s blockchain. A decentralized ecosystem for privacy protection As a consequence, no centralized service providers will be able to access users’ data. Pundi X co-founder and CEO Zac Cheah commented on the development:…