The specter of Facebook clicking “like” on Bitcoin adds fuel to what can best be called a resurrection rally. Left for near dead a few months ago, the best-known crypto asset boomed partly on reports Mark Zuckerberg would unveil a digital currency. Now that Facebook’s Libra is out, it could be stellar news -– a…
Facebook today unveiled its long rumored cryptocurrency, which will be known as Libra, and you won’t need a Facebook account to use it. That’s because Facebook says it wants to help those without bank accounts. “Libra holds the potential to provide billions of people around the world with access to a more inclusive, more open…
Bitcoin (BTCUSD) is resuming its uptrend after spending the first 2 weeks of H219 consolidating in the ~7500-8500 range, with BTCUSD bulls now eyeing the next major psychologically key whole figure level of 10k. Although overbought on the weekly and daily Stochastics, the upsloping weekly MACD suggests any dip this week towards uptrend/ascending wedge support…
SAN FRANCISCO — Credit card giant Visa has launched its blockchain-powered business-to-business payments service B2B Connect. B2B Connect can now be used by businesses seeking to make payments to 30 markets, with 90 more expected to be added by the end of this year. To start, it’s available for B2B transactions of $15,000 and up, which…
Key Highlights The Kik case is the first case that the SEC has brought in litigation that has been contested by the company where there are no allegations of fraud “The SEC has made clear that virtually all ICOs are going to be treated as offerings of securities.” Even if a company is offering ICOs…
Ethereum (ETHUSD) continues consolidating just below the psychologically key 250 level after a torrid H119 bounce. Significantly, although ETHUSD remains positioned to resume pushing higher later this month, ETHUSD appears to be vulnerable to more profittaking this week as it tests upchannel support (on the weekly chart). Note that the two breaks below upchannel support…
Ripple (XRPJPY) is edging higher again as it appears to be readying to play catch up to Bitcoin (BTCUSD) which has outperformed XRPJPY in recent months. XRPJPY will be less bogged down this week by the somewhat overbought conditions slowing BTCUSD’s torrid advance, and has stronger momentum heading into this week. With massive gains on Bitcoin…
How the race to get billions of users onto blockchain has this mathematician thinking about the future of work. Could decentralization be the one thing that actually binds us together. Charles Hoskinson sits down with Angie Lau, in Hong Kong a week after Hong Kong Blockchain Week and shares his vision of how 2019 will…
Introduction The blockchain revolution is happening so fast, that it too is being revolutionized. Until now, the de facto mechanism to reach consensus on distributed ledgers has been Proof of Work (PoW), in which computers compete to solve fictitious mathematical problems. However, this system wastes a lot of energy and computer power. But now a…
Key Highlights The regulatory challenge is in how to balance proactively supporting blockchain development while defining the ways in which the regulatory body should protect against downsides Traditional approaches in thinking about regulation from a national level will not be enough; national systems need to work well together and move towards harmonization, even if it’s…