Day: January 24, 2020

SEC Goes Head-to-Head With Telegram, Makes a Guinea Pig of TON

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Earlier this week, the Chamber of Digital Commerce went ahead and filed an amicus brief for the ongoing court hearing taking place between Telegram — one of the world’s most widely used encrypted messenger services — and the United States Securities and Exchange Commission. In its most basic sense, an amicus brief is a legal document that provides non-litigants with the right to submit their views and opinions in relation to an ongoing case for the court’s consideration. The brief was authored on behalf of the CDC by Lilya Tessler,…

Here’s Why Analysts Expect Ethereum To Surge Towards $200

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Over the past week, Bitcoin, Ethereum (ETH), and other leading digital assets have finally begun to stall. The price of these assets have tanked across the board, losing over 10% since the highs put in last week. Despite this, analysts are certain that the outlook for some cryptocurrencies remains bullish. Specifically, one trader recently noted that ETH is poised to burst higher, at least from a medium-term perspective. Ethereum’s Medium-Term Trend Bullish, Analysts Assert Satoshi Flipper, a prominent cryptocurrency trader, recently noted that Ethereum’s weekly chart is showing relatively bullish…

Is Tron’s DApp Market Dependent on Gambling?

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Tron has made a name for itself in the crypto asset space and DApp world, although a huge portion of the protocol’s transactions rely on the gambling industry. A hefty 17 of the top 25 most-used Tron DApps fall in the gambling category on DappRadar’s list of most popular Tron protocol-based DApps. Top 25 lists The eight non-gambling Tron-based DApps on the list fall in several other categories, such as High-Risk, Exchanges and a general “games” tag. These non-gambling DApps, however, host significantly less volume than their gambling counterparts, with…

ConsenSys to Build Global Trade Platform for Agribusiness Giants

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Covantis, a blockchain initiative backed by global agribusiness giants like Cargill, has selected major Ethereum-focused firm ConsenSys as a technology partner. Within the partnership, ConsenSys will build an Ethereum-based blockchain platform to digitize the post-trade finance industry and bring efficiencies and cost savings to the international agribusiness supply chain, Covantis said in a Jan. 23 press release. Four agribusiness giants established the initiative in 2018, while Covantis’ name came out months ago The concept of Covantis was established in October 2018, when four of the biggest global agribusinesses companies announced…

Effect of CME Futures Options on BTC Price Depends on Halving

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CME Group launched new Bitcoin options on Jan. 14, which was revealed by the company’s global head of equity products Tim McCourt. The introduction of crypto options by a derivatives heavyweight in CME will further uplift the institutional infrastructure supporting the asset class. Over the long term, investors generally anticipate improvements in the infrastructure surrounding Bitcoin (BTC) to have a positive impact on the cryptocurrency market. CME Bitcoin options is a net positive for crypto Speaking to Cointelegraph, cryptocurrency technical analyst Eric Thies said that CME options will bring in…

Research Firm and Environmental Watch Dog Test World’s First Air Quality Ledger

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Citing the inadequate weather data collection, an international partnership is testing the world’s first air quality ledger and trying to stem a global crisis. Air quality as public health crisis PlanetWatch announced earlier today the battle-testing of air quality monitors linked to research firm Algorand’s blockchain. “It is currently operating in several Italian cities (fixed installations and mobile ones on trolleys and buses), plus a long-term installation test in the Arctic,” Algorand’s Kati Callaghan told Cointelegraph. According to a PlanetWatch post on Jan. 23, the current state of air monitoring…

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

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Independent Reserve, one of the largest cryptocurrency exchanges in Australia, is expanding to Singapore after an “overwhelmingly positive” response from the regulator. Adrian Przelozny, CEO and founder of the Sydney-based exchange, announced Friday it had expanded its trading services to users in Singapore, saying in a statement that his team “felt the time was right to make this move.” Przelozny referenced “a number of positive moves by Singaporean regulators” as part of his reasoning. Independent Reserve offers a host of retail and institutional trading features, including a spot marketplace and…

UK’s Lancashire Cricket Club Now Uses Blockchain Platform to Sell Tickets

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The United Kingdom’s legendary Lancashire Cricket Club will sell tickets for all domestic and international fixtures at Emirates Old Trafford in 2020 through a blockchain-based platform. In a news release on Jan. 24, the club revealed that it will use a blockchain-powered mobile tickets platform dubbed TIXnGO. The platform has been jointly developed with Lancashire’s ticketing service provider, SecuTis, and was successfully tested during the 2019 season. Eliminating fake tickets By deploying the platform, the club intends to eliminate fake tickets and track ticket distribution among their supporters. Lancashire’s head…

Two Veteran Traders See Bullish Signs With Bitcoin Rebounding to $8.5K

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Bitcoin (BTC) bulls are attempting to start the weekend on the good foot by pushing the price to $8,500 and above. Bitcoin daily price chart. Source: Coin360 In the past 24 hours, Bitcoin price bounced off the 200-day moving average (DMA) at $8,200 and, as suggested earlier, an oversold bounce on the shorter time frame provided traders with the opportunity to buy the dip and push the price to $8,500. Will Bulls flip the $8,500 resistance? At the time of writing, Bitcoin is still pinned beneath the 50-period exponential moving…

Davos, CBDCs, and the Rise of Bitcoin Art

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That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued “blockchain, not crypto” narrative; 2) a belief in the inevitability of cashless futures (without much concern about the negative implications) and 3) the rise of CBDCs.  On the CBDC front, the WEF put out a toolkit for governments that are considering their own currency, Japan announced a project to explore a digital currency as a counterweight to the influence a digital yuan might bring China and…