October 2019 - The Cryptocurrency Network

Libra Chief Praises Its Anti Money Laundering Standards

October 31, 2019 adminAnti, Chief, Laundering, Libra, Money, Praises, Standards0 comment

Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today. Libra Scrutiny Means Its On Track, Says Chief Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on…

Blockchain

Binance US to Include NEO and ATOM for Trading

October 31, 2019 adminATOM, Binance, Include, NEO, Trading0 comment

One of the biggest reasons behind the remarkable growth of the cryptocurrency space is due to the establishment of big-ticket exchanges, and in that regard, Binance US could end up becoming one of the most influential. It is the world’s biggest crypto exchange by trading volume, and its entry into the United States is a major event. Key Details It emerged that the American arm of Binance is going to add support for both Cosmos (ATOM) and Neo (NEO). The company made the announcement on October 30 and went on…

Blockchain

Ripple Invests in Cybersecurity Startup Funding Round

October 30, 2019 adminCybersecurity, Funding, Invests, Ripple, Startup0 comment

Ripple has invested in a $2.2 million USD seed funding round by London-based cybersecurity startup Keyless via its investing division, Xpring. Keyless claims to be the first company in the world to combine biometrics with secure multi-party computation. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for the seamless movement of money. Since then, it has evolved into more of a startup investment arm of Ripple, funding unique and high-potential projects in the world of crypto in order to enable widespread adoption…

Blockchain

Altcoins Attempt to Build Gains After a Big Jump in Bitcoin

October 30, 2019 adminAltcoins, Attempt, Big, Bitcoin, Build, Gains, Jump0 comment

It is a well-known fact that Bitcoin is the most important token in the entire crypto ecosystem; however, it should also be noted that altcoins have now become just as popular. Bitcoin Rally a Sentimental Boost Despite the fact that many of those coins now command multibillion-dollar valuations, the prices of most of these tokens are intimately tied to that of Bitcoin. Hence, there is now a lot of anticipation among crypto investors and market watchers that the recent rally in Bitcoin might spark a rally in altcoins as well.…

Blockchain

Bitcoin in Bull Territory? Some Analysts aren’t Sure

October 29, 2019 adminAnalysts, arent, Bitcoin, Bull, Territory0 comment

Bitcoin (BTC) has made some serious upward movement in the last few days. In less than 24 hours, the world’s largest cryptocurrency shot up over 40% to $10,350, having traded as low as $7,300 the previous day. The undoubtedly bullish movement represented BTC’s fourth-largest single day movement ever, and the biggest since 2011. However, some analysts are calling for caution and have warned that the movement is not an indicator that Bitcoin has moved out of its recent four-month bearish trajectory. Analysts Say Bitcoin Bulls Jumped the Gun Twitter analyst…

Blockchain

Canaan Creative Files for $400 Million IPO in the US

October 29, 2019 adminCanaan, Creative, Files, IPO, Million0 comment

Over the past few years, a whole new ecosystem has emerged due to the staggering growth enjoyed by Bitcoin, and one of the more well-known constituents of that ecosystem is Bitcoin miner maker Canaan Creative. In a new development, it has emerged that Canaan has decided to go public in the United States. Listing on Nasdaq The company wants to be listed on NASDAQ, and according to the documents filed by Canaan, it wants to raise $400 million from the listing. Bitcoin mining is the backbone on which the entire…

Blockchain

Bakkt to Launch Consumer Focused App in 2020 With Starbucks Trial

October 28, 2019 adminApp, Bakkt, Consumer, Focused, Launch, Starbucks, Trial0 comment

Bakkt, the cryptocurrency trading platform launched by the Intercontinental Exchange, is planning to launch a consumer-focused app in the first half of 2020 to enable retail customers to make transactions with cryptocurrencies. Consumer Adoption Ambitions In an ambitious move to enable the widespread adoption of cryptocurrencies, Bakkt Chief Product Officer Mike Blandina said in a blog post: “We’ll be launching a consumer app to make it easy for consumers to discover and unlock the value of digital assets, as well as ways in which they can transact or track them. Merchants…

Blockchain

Bitcoin Suddenly Gains Momentum | Is This a Breakout?

October 28, 2019 adminBitcoin, Breakout, Gains, Momentum, Suddenly0 comment

2019 has been a remarkable year for cryptocurrencies, and much of that was marked by the hugely impressive Bitcoin rally during the first half of the year. However, that rally seems to have fizzled out, and the world’s biggest cryptocurrency has been experiencing a sustained slump. Bitcoin Holds Gain Moreover, the cryptocurrency has also been incredibly volatile over the past month or so, and it was particularly so during the last week. After going down to $7,400 per token, BTC managed to rally to $10,350 on certain platforms. Now, the…

Blockchain

Bakkt is All Set to Launch Options on Bitcoin Futures in December

October 26, 2019 adminBakkt, Bitcoin, December, Futures, Launch, Options, Set0 comment

Over the past few years, the crypto sphere has come a long way to emerge as one of the most exciting investment options for investors, and the introduction of Bitcoin futures was one of the bigger developments in this regard. In a new development, the highly influential International Exchange (IE) has stated that it is now going to introduce options in Bitcoin. Key Details The service is going to be launched on Bakkt, one of its subsidiaries, and among the most popular destinations for high-level trades in the crypto space.…

Blockchain

How is the Rest of the World Regulating Digital Assets?

October 26, 2019 adminAssets, Digital, Regulating, Rest, World0 comment

While bringing US-based institutions on-board with digital asset trading is key to enlarging crypto’s overall market cap, crypto will only be successful as a truly international force—and not one only limited to the G-7. To that end, I’m going to shed light on other countries’ unique approaches towards digital asset classes in order to understand what the future of crypto regulation may look like. Singapore The Singaporean government has recently instituted a major regulatory framework for cryptocurrencies and crypto payment services. The framework will include a licensing regime for crypto…