Year: 2019

Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS

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Privacy-focused cryptocurrency Zcoin (XZC) has launched a new crowdfunding system similar to one by another major privacy coin, Monero (XMR). In a Dec. 26 blog post, Zcoin announced the launch of the Zcoin Crowdfunding System (ZCS), a new platform that is designed to serve as shift from direct funding from block rewards to a donation model. ZCS to help Zcoin to further decentralize the project and fund additional initiatives The new ZCS system will help further decentralize the project in line with the company’s vision of a privacy-focused cryptocurrency, Zcoin’s…

Bahamas Central Bank Will Pilot Digital Currency Starting December 27

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The Central Bank of the Bahamas (CBOB) is planning to introduce a digital version of the Bahamian dollar in the Exuma district. According to an official press release, the CBOB will launch its digital currency (CBDC) pilot on Dec. 27, which will extend in the first half of 2020 to Abaco, a group of islands and barrier cays in the northern Bahamas. The digital currency is being developed under the initiative called Project Sand Dollar and will be the Bahamas’ first digital currency. The initiative aims to make access to…

YouTube Crypto-Related Content Not Fully Restored, YouTubers Say “Nothing Has Changed”

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On December 26, YouTube released a statement saying the platform had mistakenly removed hundreds of crypto-related videos this week. However, many of the YouTubers affected by the ban still have not had their videos restored on the site. YouTuber Ivan on Tech told Cointelegraph on December 26th: “Nothing has changed. YouTube said this was a mistake yesterday too. I’m not sure why they are saying this.” Ivan on Tech’s YouTube account, which has more than 210,000 subscribers, received a strike from YouTube earlier this week. He has since set all…

Agharta Hard Fork to Bring Full Compatibility Between ETC And ETH

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The upcoming Ethereum Classic (ETC) Agharta hard fork will include features of the Ethereum (ETH) Constantinople fork and intends to make ETC fully compatible with Ethereum. In a press release shared with Cointelegraph on Dec. 26, ETC Labs further confirmed its intention to ensure full compatibility between ETC and ETH, as the coming Agharta update is expected to create backward compatibility between the two networks. ETC Labs CEO Terry Culver commented: “Ethereum Classic Labs is one of the first incubators to support innovative projects on the Ethereum Classic Blockchain. The…

US Bitcoin Derivatives Market, Highlights of 2019

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The United States Bitcoin (BTC) derivatives market witnessed a slew of developments in 2019 as “old players” set trading volume records and “new players” introduced novel market products. After months of regulatory maneuvering, Bakkt finally launched and has gone on to post record Bitcoin futures trading volumes. Several platforms have also obtained Swap Execution Facility licenses from the U.S. Commodity Futures Trading Commission as the crypto derivatives arena in the country expanded throughout 2019. One of the 19 CFTC-licensed platforms, Tassat, said the approval is a preliminary step to the company listing physically settled…

India’s Payments Platform Vajra Gets the Blockchain Ball Rolling

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While the Indian government is uncertain about the use of cryptocurrency, the National Payment Corporation of India, or NPCI, officially announced its permissioned blockchain-based platform, Vajra, to make the payment process easier, faster and more transparent.  After detailed research, the NPCI has developed a distributed ledger technology mechanism to provide a highly secure, tamper-proof database for various payment procedures.  The NPCI is an umbrella organization for retail payments and settlement systems in India. It is an initiative of the Reserve Bank of India and Indian Banks’ Association under the provisions…

Bitcoin Price Holds Above $7.1K as Trader Eyes Q1 2020 Bottom Forming

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Bitcoin (BTC) continued trading sideways on Dec. 27 after spending the Christmas period broadly free of volatility. Cryptocurrency market daily overview. Source: Coin360 BTC “relaxes” this Christmas Data from Coin360 showed BTC/USD hovering practically in the middle of its monthly range between $6,500 and $7,770.  At press time, the pair hovered at $7,180, having barely moved over the past 24 hours. The picture had remained static since a curious uptick to $7,660 fizzled earlier in the week. Bitcoin 7-day price chart. Source: Coin360 As 2019 draws to a close, traders…

South Korea Forms Task Force for Central Bank Digital Currency Research

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South Korea’s central bank, the Bank of Korea (BOK), plans to organize a task force dedicated to central bank digital currency (CBDC) research in the new year. In its “Monetary Policy for 2020” brief, published on Dec. 27, BOK said it would continue to build on its existing research into distributed ledger technology, crypto assets, and CBDCs and to play an active role in overseeing and enhancing the security of payment and settlement systems.  Recruiting digital currency experts As part of its CBDC research agenda, BOK ostensibly plans to recruit…

The Most Lucrative Signal in Bitcoin History Just Flipped Buy

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Bitcoin is the best performing investment of the last decade, bringing investors who bought the asset early unimaginable returns. An important metric in Bitcoin has just signaled buy for the tenth time in the asset’s history, with each time the buy signal occurring in the past resulting in an average of 5,000% returns following. Could Bitcoin be ready to bring investors upwards of 5,000% returns in the coming months ahead? Bitcoin Hash Ribbons Confirm Buy Signal for 10th Time In Crypto History Investors often look at a number of factors…