This Technical Breakout Suggests Ripple (XRP) Could Rally To New 2020 High

Ripple found support near the $0.2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0.2500 resistance to open the doors for more upsides. Ripple price is showing positive signs above $0.2500 and $0.2520 against the US dollar. The price bounced back nicely after testing an important support area near $0.2450-$0.2460. There was a break above a major bullish flag pattern with resistance near $0.2525 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to continue higher and it…

Gartner Research: Smart Contract Adoption to Increase Data Quality by 50% Over 3 Years

Research conducted by Gartner Inc. predicts a 50 percent increase in overall data quality by 2023 for all businesses and organizations using blockchain smart contracts. “When an organization adopts blockchain smart contracts, whether externally imposed or voluntarily adopted, they benefit from the associated increase in data quality,” said Lydia Clougherty Jones, senior research director at Gartner in a recent blog post. However, data availability is set to decline over the same period due to blockchain technology replacing traditional business processes. By initiating smart contracts and eliminating all access to data…

Blockchain Plays an Unlikely Role in the Global Battle for Human Rights

It’s a nightmarish scenario that is sadly familiar to many who are seeking work in foreign countries. Slavery and human trafficking — these are criminal industries that continue to flourish in many regions across the globe.  Such problems may seem distant and abstract to the average consumer in more developed regions, but it’s a very real problem for millions of people. Many retail products can be traced back through supply chains, linking consumers to some of the 45 million people in 167 countries that are reportedly trapped in modern slavery.…

Ethereum Bulls Are Not Done Just Yet: This Key Setup Shows Uptrend Intact

Ethereum price is trading in a positive zone above the $185 support against the US Dollar. ETH remains well bid and it is likely to bounce back from the 100 hourly SMA. Ethereum is currently correcting lower from the $195 yearly high against the US Dollar. The price is now approaching a couple of important supports near the $185 level. There is a bullish flag pattern forming with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is struggling to settle above the $9,500…

Platform Will Support More Cryptocurrencies and Possibly Lightning Network

During an exclusive interview with Cointelegraph, BitPay CEO Stephen Pair said that the platform would soon add support for more cryptocurrencies, along with a possible Lighting Network integration. While Pair was unable to disclose which cryptos would be added to the platform next, he mentioned there’s focus on the top performing blockchains with the highest market capitalization. He said: “I’m not going to specifically name which ones we will add, but you can look at CoinMarketCap to see all the top blockchains and come up with good guesses in what…

Waves Launched a Non-Profit Association Under German Law

According to a Feb. 3 press release, open source blockchain platform Waves established a non-profit organization called Waves Association in Frankfurt, Germany to provide effective governance for its own ecosystem, Web3, and to foster the development of DLTs, including public and private blockchain protocols.  Uniting six countries  The Waves Association will be represented by ten community members from six different countries: Portugal, Spain, Switzerland, Germany, the Netherlands, and Russia. Waves founder Alexander Ivanov, who is also a member of the association, calls the launch of the Waves Association an important…

When Will We See the Digital Dollar? ‘CryptoDad’ Says Soon

Former CFTC Chairman Chris Giancarlo aka “CryptoDad” sees the current set of financial systems – the older systems associated with the pre-digital age – as hopelessly obsolete. He aims to fix them. “During my five years at the commission we saw this sort of new wave of the digitization of our world that’s taking place,” he said. “The first wave was the digitization of information, and that’s created the Internet as we know it today. But we’re seeing what some people call the digitization of value, or the or the…

Crypto Capital Co-Founder Rejects Plea Deal in Shadow Bank Case

Crypto Capital co-founder Reginald Fowler has rejected a plea deal with the US government in an ongoing case in which he is accused of operating a “shadow bank” for several crypto exchanges. Fowler was indicted in April 2019, along with Israeli national Ravid Yosef, for allegedly running a shadow bank for several cryptocurrency firms, including Bitfinex and Tether, which are currently embroiled in a separate case in which they are accused of creating “the largest bubble in human history.” According to a letter submitted by the prosecution on January 31, the…

Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says

Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries. According to a Feb. 4 report from Economic Information Daily, chairman of Minsheng Bank Hong Qi said: “The full adoption of digital technologies such as blockchain is expected to accelerate the digital transformation and upgrade its agriculture, manufacturing, finance and other services in the next 10 years.”   China Minsheng Bank is the first national commercial bank owned principally by non-government enterprises. It is famous for making loans to…

US Marshals to Auction $37M in Confiscated Bitcoin in February

The United States Marshals Service (USMS), a federal law enforcement agency within the U.S. Department of Justice, will auction more than 4,000 confiscated Bitcoins (BTC). According to the official USMS website, the authority is planning to sell “approximately” 4,040 Bitcoins (4,040.54069820), requiring a $200,000 deposit in order to take part in the auction. The USMS said it will return the deposits to non-winning bidders, promising to initiate the return of losing bid deposits within five business days after transferring bitcoins to the winning bidder. At press time, the total amount…