Bitcoin Fees Temporarily Less Than BCH, Can This Continue?

Transaction fees are a hot topic of debate in the cryptocurrency world. There are numerous discussions regarding Bitcoin versus Bitcoin Cash fees in this regard. It now seems the average Bitcoin transaction cost is lower than that of BCH. As is usually the case, such a temporary snapshot can look very different in a few…

Bitcoin and Crypto on Continuous Decline: Major Factors and Trends

The year 2018 hasn’t been kind to the cryptocurrency and bitcoin industry. All markets are bleeding value for nearly five full months now. There are various factors which may contribute to this ongoing decline. Besides potential market manipulation, a few other trends are also worth taking into account. The Negative Cryptocurrency Trends Perhaps the most…

One of the Largest Banks in the Philippines is Implementing Ethereum With ConsenSys

UnionBank, one of the biggest banks in the Philippines, is working with US-based blockchain software technology company ConsenSys founded by Ethereum co-founder Joseph Lubin to assist local financial institutions in integrating Ethereum and blockchain-based platforms. Remittance-Focused Industry The Philippines has a unique financial infrastructure, and the banks are aware that only the upper class and…

South Korea’s Biggest Cryptocurrency Exchange Will Ban Trading in North Korea and Iran

Bithumb, South Korea’s biggest cryptocurrency exchange alongside UPbit, has banned digital asset trading in North Korea, Iran, Iraq, Sri Lanka, and seven other countries that are considered as high-risk jurisdictions by the Non-Cooperative Countries and Territories (NCCT) Initiative. Beginning May 28, the Bithumb team stated that to prevent its infrastructure and platform from being used…

Bitcoin Price Weekly Analysis: Can BTC/USD Hold $7K?

Key Points Bitcoin price remained in a bearish zone above the $7,000 support against the US Dollar. There is a key declining channel forming with resistance at $7,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to stay above the $7,200 and $7,000 support levels to avoid a…

Mark Carney: BoE Remains Open to Possibility of Central Bank Crypto

Speaking on the future of central banking, Mark Carney says the primary role of banks is maintain trust in money. As for cryptocurrencies, a Bank of England-backed coin is, for now, not being seriously considered because the current volatility inherent in the coins prevent them from being a secure medium of exchange. At the panel…

Bitcoin Cash (BCH) Price Technical Analysis (May 26, 2018)

Fundamentals and development of Bitcoin Cash is not a problem. The issue we all have is the failure of price,-value-to reflect the effort of the community. Not only do we have a robust network that can scale and settle transactions faster, there is wide adoption of the coin from different payment providers and merchants. As…

The Universal KYC Solution Comes to Investment Platform for Professionals

Blockpass, which offers users a service to pass a one-time “Know-Your-Customer” procedure for usage in a variety of blockchain services, has announced that it will be integrating its solution into BnkToTheFuture, a global platform for professional investors. Blockpass has a fully functional application released for iOS and Android and has announced several major partnerships in…

World’s Largest Diamond Retailer Joins Blockchain Tracking Solution Pilot

Signet Jewelers, the world’s largest diamond retailer, announced yesterday that it will be the first to join the blockchain Tracr pilot program run by diamond miners De Beers. Proof of Conflict-Free Diamonds Signet will join other industry leaders in trialling the Tracr platform in its pilot phase and will expand the pilot to include traceability…

Russia to Pilot ICO Technology as Investors Want Digital Tokens

Russia is about to test an initial coin offering (ICO) technology at its central bank’s regulatory platform, which was launched in April 2018 to pilot unregulated technologies. The project aims to conduct the first transaction involving tokenized assets and assess the specifics of these transactions, mitigate associated risks, and get feedback from the Bank of…

Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Launching on June 6 The wait for 7nm bitcoin mining products…

Police Officers in Ukraine Caught Secretly Mining Crypto at Work for Four Months

Employees of a regional police department in Ukraine were recently caught mining cryptocurrencies using the department’s resources, according to the court document. They had been mining for four months before they got caught and their mining farm seized. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Police Mining Farm Discovered Employees of the National…

Tezos Community Petitions to End the Class Action Lawsuits

Tezos was conceived as a governance-based blockchain to rival Ethereum, but it’s become more synonymous with protracted legal battles and internecine conflict. As the latest class action lawsuit drags its way through the courts, the Tezos community has petitioned for an end to all the legal turmoil so that everyone can move on. Also read: US…

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