Global Blockchain Tech Market to Surpass $16B by 2024

The global blockchain technology market is estimated to surpass $16 billion by 2024, according to a recent report from market research firm Global Market Insights, Inc. The report In a Sept. 20 press release, Global Market Insights provided highlights from its 180-page-long report entitled “Blockchain Technology Market By Providers (Infrastructure Provider, Application Provider, Operators), Application (Smart Contract, Payment & Wallet, Digital Identity, Exchange, Compliance & Risk Management), End-Use (BFSI, Government, Healthcare, IT Service, Media & Entertainment, Transportation & Logistics), Regional Outlook, Competitive Market Share & Forecast 2024.” Per the analysis,…

Cryptocurrency Exchange Seed CX Cuts Trading Fees to Gain Market Share

Institution-oriented cryptocurrency exchange Seed CX has cut its trading fees to what it claims to be the most competitive levels globally. Competition heats up in crypto trading space On Sept 16, the Chicago-based crypto exchange Seed CX announced that it was lowering its trading fees to some of the lowest levels in the industry. The fee cuts follow a week of purported record trading volumes for the exchange, briefly overtaking other top exchanges like Bittrex and the Winklevoss brothers’ Gemini.  Seed CX co-founder and CEO Edward Woodford said that thanks…

Crypto Market & Bitcoin Rebounding: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it could continue to climb higher. Stellar (XLM) price surged recently and it is likely to march towards the $0.0850 level. The crypto…

Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap started a strong decline below the $255.0B support. Bitcoin price is down around 4% and it recently broke the $10,000 support area. Litecoin (LTC) price is correcting gains and is trading below the $75.00 support area. BCH price failed to surpass the $325 resistance and is correcting lower towards $305. Tron (TRX) price is correcting gains and is approaching the $0.0165 support level. Cardano (ADA) price is testing the $0.0500 level, with a minor bearish angle. Bitcoin (BTC) and the crypto market cap are declining…

Altcoins Dragging Crypto Market Cap Higher: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is slowly climbing higher and it recently broke the $260.0B resistance. Bitcoin price is currently trading in a range near the $10,200 level. EOS price is trading near $4.100 and it could start another upward move. Binance Coin (BNB) is up more than 6% and it recently surpassed the $21.50 resistance. BCH price gained more than 5% and it recently broke the $320 resistance area. Tron (TRX) price rallied 10% and broke the main $0.0165 resistance level. The crypto market cap gained after a strong…

CFTC Appoints Former Coinbase Exec as Director of Market Oversight

Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC). The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and swap data repositories, as well as other new platform-traded products. From asset management to market oversight Prior to joining the CFTC, DeWitt served as vice president and general counsel for business lines and markets at U.S.-based cryptocurrency exchange and wallet…

Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is holding the main $250.0B support area, with positive signs. Bitcoin price could recover as long as it is above the $10,000 support area. Litecoin (LTC) price is eyeing an upside break above the $73.00 and $75.00 resistances. Bitcoin cash price is currently consolidating above the key $300 support area. EOS price is trading in a range above the $4.000 support, with bullish signs. Stellar (XLM) price is likely to make another attempt to surpass the $0.0600 resistance. The crypto market cap is showing positive…

BIS Economist Proposes DLT-Based Financial Market Monitoring

An economist of the Bank for International Settlements (BIS) has proposed new ways of supervising financial risks through distributed ledger technology (DLT). In a recently released working paper, economist Raphael Auer made the case for so-called embedded supervision, which would automatically monitor tokenized markets. This would purportedly eliminate the need for the collection, verification and delivery of companies’ related data. New forms of transparency and data credibility Per the report, DLT and smart contracts can facilitate the development of financial markets through new forms of transparency and data credibility, and…

Crypto Market & Bitcoin Sighting Upsides: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently holding the $250.0B support area. Bitcoin price is struggling to gain momentum above the $10,400 and $10,500 resistances. EOS price is up more than 2% and it recently broke the key $4.000 resistance area. BCH price is back above the $300 pivot level and it could climb towards the $320 level. Tron (TRX) price is consolidating losses below the $0.0165 resistance area. Cardano (ADA) price is eyeing an upward move towards the $0.0500 resistance level. Bitcoin and the crypto market cap are likely…

Crypto Mining Supply Fails to Meet Market Demand in Q2: TokenInsight

The supply of crypto mining machines failed to meet market demand in Q2 2019 despite the surge of mining hardware prices, new research says. Popular suppliers ran out of stock in Q2 Bitcoin (BTC) miner market saw significant inflation during Q2 2019, with the majority of miners from various suppliers experiencing shortages, according to Q2 2019 cryptocurrency mining industry report by crypto analytics firm TokenInsight. In the report, released on Sept. 13, the San Francisco-based crypto data supplier wrote that the mining equipment market still performed quite well in Q2…