Day: November 12, 2019

Ethereum blockchain’s native asset, ETH, is about to establish fresh highs against rival Bitcoin, believes avid crypto trader, Elixium. ETH Breaks Away From BTC The popular cryptocurrency analyst said in a tweet today that the ETH/BTC trading pair is looking stronger ever since the quoted asset Bitcoin has started underperforming. The benchmark cryptocurrency has corrected by as much as 18.82 percent from its local swing high of $10,540.59 established on October 26. Over the course of the same timeframe, Ether has jumped by as much as 14.65 percent against bitcoin,…

Senior executives at a South Korean crypto exchange have been indicted in connection with a $386 million investment fraud. The news marks yet another drastic action taken by authorities in the country against cryptocurrency exchanges. Eight Crypto Exchange Execs Indicted for Fraud According to Yonhap News, a court in Seoul on Monday (November 11, 2019) sentenced Kang Seok-jung, CEO of crypto exchange Coinup to 16 years in prison. The court found the crypto exchange chief of being guilty of orchestrating a $386 million cryptocurrency scam. Apart from Kang (also known…

Under the fear of potentially losing monetary control, several central banks are focusing on developing and issuing a cryptocurrency. Indeed, according to an IBM-commissioned report, a central bank digital currency (CBDC) could be ready for consumers’ use within the next 5 years. IBM Sees Serious Future For CBDC’s The OMFIF-IBM report entitled “Retail CBDs: The next payment frontier” underscores the challenges central banks are confronting because of the advent of Bitcoin and its underlying technology, blockchain. These technological developments are driving policymakers to act. According to the report, Advances in…

NEO price has reawakened again, rising to above $12 counter to the trend of Bitcoin (BTC) and other altcoins. This is the second significant run for the project following the recent announcement that China was taking a more lenient policy on crypto assets and planning new legislation in 2020. NEO rose to $12.14, growing by more than 9% as of 2:13 GMT on Tuesday. The asset’s market price has made temporary hikes to a higher range, though for now it sits way below peak prices around $199. But here are…

The Ethereum network now carries more 2-3x more Tether in its ERC-20 form than the native ETH asset. The reason for this is record-high activity of the new type of stablecoin, as demand for arbitrage and the movement of funds continues to grow significantly. Tether Takes Over as Leading Smart Contract The value of on-chain $USDT transfers on Ethereum are currently 2-3x that of the value of $ETH transfers on #ethereum. By comparison, this ratio never grew above 0.4 on Bitcoin. pic.twitter.com/q6V9hFNqC8 — CoinMetrics.io (@coinmetrics) November 11, 2019 USDT tokens…

The Bitcoin market has recently surpassed the activity levels of late 2017, when BTC started its historical rally that shot prices to an all-time high above $19,900. Futures Markets Take Over Spot Trading This time, the BTC market has made a complete recovery from the low volumes in January. The biggest boost comes from the newly launched futures markets, and the heightened activity on BitMEX. The leading futures exchange saw open interest exceed $1 billion several times in the second half of the year. According to a market commentator, Charles…

New reports indicate that Google has been secretly collecting US patients’ data from over 2,600 hospitals in order to train its new AI project. Codename ‘Project Nightingale’ A recent report published by The Wall Street Journal indicates that Google has been collecting medical data on millions of US citizens through something known as the ‘Project Nightingale.’  According to the report, the project had started in secret at some point in 2018, in collaboration with a St. Louis-based healthcare system known as Ascension. The system includes a chain of around 2,600…