Bitcoin Probes Key Price Support Below $3.9K After Range Breakdown

View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the key support levels lined up at $3,775 and $3,658. A strong bounce from the 30-day MA would weaken the bearish case. That said, a UTC close above $4,055 is needed to revive the bullish view.…

Amazon-Owned Twitch Removes Crypto Payments for Subscriptions

Amazon-owned live streaming video platform Twitch.tv has reportedly removed its cryptocurrency payment option for subscriptions. A Reddit user posted the news on Saturday, saying that, while Twitch had allowed users to pay in bitcoin (BTC) and bitcoin cash (BCH) through blockchain payments processor Bitpay, the option has been removed in the last couple of weeks “for all countries.” A tweet from Twitch dating from last January does indicate that bitcoin at least was one of the accepted payment options, among other methods including Amazon Pay and Apple Pay: Its terms and…

Hodler’s Digest, Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network This week, six international banks signed letters of intent to issue their own stablecoins — which will be backed by their national fiat currencies — on IBM’s now-live blockchain-powered payments network, “World Wire.” According to the joint announcement by IBM and Stellar, the World Wire has gone live with over 44 banks on its service, supporting 47 currencies in 72 countries. The IBM project was launched with Stellar in September 2018, and plans…

Bitmain’s IPO Filing Has Expired

Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019. Bitmain filed the application for its IPO on September 26, 2018, and the Hong Kong Stock Exchange had six months to decide whether to reject the filing, graduate it to a hearing stage or let it lapse. After half a year in limbo, the exchange’s inaction means the filing has officially expired. “Bitmain’s listing application to [the Hong Kong Stock Exchange] HKex in…

R3 Co-Founder Jesse Edwards Is Leaving the Enterprise Blockchain Firm

Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned. Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald. In a statement provided by R3 to CoinDesk, Edwards said: “It’s true that my work here is done and it is time to move on. This has been one of the best experiences of my professional career, and I am incredibly privileged to have worked alongside such a talented and…

QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier

The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25. Burt delivered his comments following QuadrigaCX’ founder, Gerald Cotten’s sudden death last December, and financial difficulty the exchange subsequently faced. QuadrigaCX has not been able to access its cold wallets where it kept most of its assets, because Cotten was apparently solely responsible for the wallets…

Crypto Must Leave Behind the Individualism of the Early Cypherpunks

Ethereum (ETH) co-founder Vitalik Buterin has argued that the crypto community should evolve beyond the individualism associated with its early cypherpunk days and harness technology to create new, equitable and innovative systems with positive social impact. Buterin made his comments during a keynote speech at the RadicalxChange conference in Detroit, Michigan on March 24, BreakerMag reported on March 25. Buterin had jointly initiated RadicalxChange with economist Glen Weyl, co-author of the book “Radical Markets,” which argues in favor of rethinking markets from within an emboldened and radicalized liberal perspective as…

Blockchain Spending in US to Reach $41 Billion by 2025

Blockchain spending in the United States will increase from $3.12 billion to $41 billion by 2025, according to a new report published on March  25. A new report dubbed the “United States Blockchain Business Opportunities and Outlook Databook Series (2016-2025)” forecasts that blockchain spending in the U.S. will report a compound annual growth rate (CAGR) of 44.5 percent, rising from $3.1 million to $41.1 million by 2025. The report was released by market and research data platform Research and Markets. The report also reveals that during 2018, blockchain spending in…

Crypto Exchange OKEx Is Developing Its Own Blockchain

Cryptocurrency exchange OKEx is developing its own blockchain and decentralized exchange, according to a blog post published on March 22. Per the post, OKEx has been developing its own blockchain dubbed “OKChain,” which is now purportedly in the final development stage. The company expects to put out a testnet in June of this year. OKChain will also serve as the base for OKEx’s decentralized exchange. Apart from that, the post states that OKEx’s native utility-token OKB will be put onto the ERC-20 blockchain by the end of April, and will…

No Bitcoin Deficit a Problem for Regulators

Terry Duffy, CEO of leading United States derivative market CME Group, told Business Insider Monday, March 25, that Bitcoin’s finite amount is a challenge for regulators. According to Duffy, the inability to run Bitcoin (BTC) on a deficit is challenging for regulation. He further explained: “The governments can’t run unless they can run on a deficit. I am trying to figure out why they would say, ‘Sounds good to me, because I want to be responsible and run everything on even-for-even basis. I can’t borrow against anything.’” Therefore, a major…