Monthly Archives: April 2020

Guarda Wallet Launches Multisignature Functionality for Bitcoin

Guarda​ has recently become the first multi-currency crypto wallet to offer support for Multisignature. Multisignature (also known as Multisig) wallets make it possible for two or more users to have access to the funds. Contrary to the usual single-key addresses, Multisig wallets need several parties to sign the transactions – the signatures are generated with the use of different private keys. Multisignature wallets are useful for those willing to co-manage cryptocurrency funds.This way, several parties can create a shared wallet and manage transactions with mutual consensus. Besides […]

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Chinese Public Blockchain Index Ranks Bitcoin 14th While EOS Tops List

Bitcoin ranks 14th on the latest blockchain project index released by China’s Center for Information and Industry Development. The Blockchain Research Institute headed by China’s Center for Information and Industry Development (CCID) released its 17th Global Public Chain Technology Evaluation Index on April 10. The index ranks 37 of the most widely used public blockchains by evaluating them under three different criteria: basic technology, applicability and creativity. The ranking of each project is then decided based on the sum of its scores under all the three sections. […]

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US Gov’t Opens Door for Fintechs to Become Lenders in COVID-19 Relief Plan

Main Street businesses hit by the COVID-19 crisis finally have access to a lifeline from fintech lenders. Main Street businesses hit by the COVID-19 crisis now have access to a lifeline from fintech lenders. On April 9, the United States Small Business Administration (SBA) released its application form for nonbanks to sign on as lenders under the federal Paycheck Protection Program (PPP). Speaking to Cointelegraph on April 10, John Pitts, head of policy at San Francisco-based fintech Plaid, said the development was “a critical step” that would […]

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Why Traders Expect Key Fibonacci Level to Drop Bitcoin Price to $5.3K

The Fibonacci Retracement indicator suggests that $5,300 is the main short-term trend level for Bitcoin price. The Fibonacci Retracement indicator suggests that $5,300 is the main short-term trend level for Bitcoin. Given the tendency of BTC to retest key Fibonacci levels, it may indicate that the dominant cryptocurrency is likely to see another leg down. Since April 7, the Bitcoin price has dropped from $7,325 to sub-$6,600, by more than ten percent. It recovered to $7,150, as traders anticipated a minor upsurge ahead of the weekly candle […]

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EU Lawmakers Want to Create a New Regulator for Crypto ‘Blind Spots’

The European parliament has published its first study into crypto regulation since 2018, identifying stablecoins. token-based fundraising and mining among major challenges. The European Parliament has published a study identifying a number of legislative blind spots pertaining to crypto asset oversight in the European Union. The report identifies stablecoins, token-based fundraising, and the threat of money laundering through crypto mining among recent industry developments necessitating a regulatory response. Crypto mining identified as money laundering risk The report asserts that cryptocurrency mining may be used as a vehicle […]

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CZ Says Binance Invested One Quarter of Its Profits Last Year

Binance’s CEO has revealed that the exchange puts 25% of its profits towards investment opportunities each year. The chief executive of major cryptocurrency exchange Binance, Changpeng Zhao — often known as CZ — has revealed that the firm diverts a quarter of its profits into investment opportunities. Zhao’s comments follow Binance’s completion of several recent high-profile acquisitions — including crypto data site CoinMarketCap and Indian crypto exchange WazirX. In a recent interview with South China Morning Post, Zhao estimated that Binance reinvests roughly 25% of its annual […]

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Bitcoin Price Pumps, Then Dumps Below $7K Mirroring S&P Futures

Bitcoin once again fell below $7,000 as it plummeted by roughly $500 in minutes with many traders now bracing for more downside in the coming week. Bitcoin (BTC) price has again dropped below $7,000 and at the time of writing the digital asset is struggling to hold above $6,700. The sharp downside to a new weekly low at $6,575 occurred despite an exciting Easter Sunday, which saw Bitcoin price drop to $6,772, then abruptly rebound to $7,176.  As reported earlier by Cointelegraph, top crypto traders now expect […]

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China’s Research Institute Updates Crypto Ranking — Review Affected by Pandemic

China’s Center for Information and Industry Development has published its latest crypto project rankings as the country continues to battle the coronavirus pandemic. A total of 37 crypto projects were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This Scam New Rankings Unveiled During Pandemic The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released its latest update of crypto project rankings on […]

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Japanese Crypto Exchange DeCurret Issues $25 Million in New Shares

With COVID-19 affecting transportation, DeCurret is still restructuring its capital to promote the use of crypto for trains in Japan DeCurret, the exchange promoting cryptocurrency to be used as a payment method for Japan’s massive public transportation system, just restructured its capital. According to an April 10 press release by the crypto exchange, DeCurret announced that it had issued new shares worth 2.75 billion yen — approximately $25 million — in a third-party allocation of shares. The company plans to use the capital to “enhance transaction services […]

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SBI Crypto Shares of Bitcoin SV Post Halving Rise to 15.28%

The subsidiary of Japanese financial services giant SBI Holdings has increased their share of Bitcoin SV following the April 10 halving. A subsidiary of Japanese financial services giant SBI Holdings has seen its share of Bitcoin Satoshi’s Vision (BSV) mining pool share rise since the first halving on April 10.  According to cryptocurrency information site CoinDance, cryptocurrency mining company SBI Crypto held about 4.4% of the total shares of BSV last week, but those numbers jumped to 15.28% on April 13.  Source: Coindance The halving of BSV […]

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