Cryptocurrency News With URL like blockonomi.com

Big Banks Drop $50 Million on Blockchain Settlements System
Cryptocurrency News & Your Guide to the Blockchain Economy A group of large banks are investing $50 million USD into a financial settlements system built atop blockchain technology, the latest in a string of blockchain-centric headlines coming out of the mainstream banking industry this year. That revelation comes via Reuters, which was told by an anonymous source close to the situation that approximately 12 banks were collectively investing into Fnality, a startup taking the reins on the so-called utility settlement coin (USC) project first outlined by London tech play Clearmatics and Swiss banking power UBS Group AG four years ago.

Monero hitting half-decade mark!
Cryptocurrency News & Your Guide to the Blockchain Economy This April 18th, the Monero (XMR) privacy coin notably celebrates its fifth birthday. The project's genesis block was mined on that same day back in 2014. Like the discussions that arose around the Bitcoin blockchain's 10th anniversary earlier this year, Monero's latest birthday will undoubtedly instigate a period of reflection in the XMR community over how far the cryptocurrency has progressed in its journey to date. Zooming out, the privacy crypto has indeed advanced in most regminards since its launch namely in its popularity and in its technical prowess.

Binance Teams with CipherTrace to Double Down on AML Protections
Cryptocurrency News & Your Guide to the Blockchain Economy Binance, the cryptoeconomy's most popular cryptocurrency exchange, has partnered with CipherTrace, one of the space's leading blockchain security and analytics firms, to give a further boon to its platform's anti-money laundering practices. With an eye toward fostering superior trust among all of Binance's stakeholders, Binance Chief Compliance Officer Samuel Lim said CipherTrace would now serve as the exchange's on-chain security solution. #Binance Partners with @CipherTrace to Further Strengthen Compliance Culturehttps://t.co/ojs764orxh

Booming Crypto Adoption: Japanese Commerce Giant Rakuten To Launch Bitcoin Exchange
Cryptocurrency News & Your Guide to the Blockchain Economy While much of the Western world (save for a small Canadian town) has yet to embrace crypto assets, Japan, the home of Mt. Gox and other household names in Bitcoins history, has seemingly embraced the innovation. One of the nation's largest e-commerce companies, Rakuten, will be launching its own cryptocurrency exchange in the coming months, validating this asset class in the eyes of millions of Japanese. According to a press release from the Tokyo-headquartered Rakuten, valued at $13.5 billion as per MarketWatch, the trading platform, dubbed Rakuten Wallet, is tentatively scheduled for a June 2019 launch. The Asian internet company will be accepting applications for an account on the platform starting April 15th. Like many other crypto exchanges, opening accounts on Rakuten Wallet will be free of charge.

Cryptocurrencies Are Less Correlated with Bitcoin in 2019
Cryptocurrency News & Your Guide to the Blockchain Economy Most people are under the impression that altcoins prices follow Bitcoin prices up and down. Because Bitcoin makes up such a large share of the total cryptocurrency market when it moves, surrounding altcoins tend to move in the same direction as well. However, it may still come as a surprise that 75% of the top coins in the top 200 had a correlation of 0.91 or higher with bitcoin in 2018. Please Note: This is a guest post by Anthony Xie, Founder of HodlBot, a tool that helps investors diversify their portfolios and automate their trading strategies.

Price Watch: BTC, ETH, XRP & EOS Price Analysis 11th January
Cryptocurrency News & Your Guide to the Blockchain Economy Bitcoin price climbed to a new monthly high above $4,200 before it faced renewed selling pressure. BTC/USD declined heavily below $4,000 and dragged all major altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC) and EOS into a bearish zone. Going forward, there could be a short term recovery, but there is a risk of more losses in the coming sessions. There was a slow and steady rise in bitcoin price above the $4,000 level. BTC/USD even broke the $4,200 resistance level this week before sellers appeared and pushed the price back below $4,000.

Litecoin LTC Price Today - Live Litecoin Prices, Charts & Market Updates
Cryptocurrency News & Your Guide to the Blockchain Economy Updated: Thursday, January 17th 2019 Litecoin has a price of $ 31.43 with a marketcap of $ 1,887,908,601 and ranked 8 of all cryptocurrencies Price today is -1.11%, 24 Hour Volume is $ 5,437,297,108.18 Litecoin (LTC) is one of the oldest cryptocurrencies in existence and launched in October 2011 as a fork of Bitcoin. It shares many of the same characteristics as Bitcoin but strives to be lighter and faster and as a result, exhibits shorter block generation times of approximately 2.5 minutes. This allows for both faster transaction clearance and in turn, lower transaction fees than Bitcoin.

Crypto Prediction Market Augur Plans for First Major Upgrade
Cryptocurrency News & Your Guide to the Blockchain Economy Having floated the maiden launch of its decentralized market platform for twelve weeks, Augur has begun plans for the deployment of a new version of its protocol. In a blog post released on Friday, the company expatiated on contract changes that will give the upgraded protocol its new set of features. The platform enjoyed massive patronage from users after it was officially launched in July. The spin-off in traffic of users churned the sum of $1.5 million that was staked in the prediction market within two weeks. Commending the success story at the time, CNBC's long-term Fast Money contributor and CEO of BKCM Brian Kelly had said:

Ethereum (ETH) Price Analysis: Buyers Losing Grip Below $140?
Cryptocurrency News & Your Guide to the Blockchain Economy Ethereum price declined heavily from the $163.50 swing high and traded below $140.00. ETH/USD is currently holding the $125.00 support, but buyers seem to be struggling. This past week, we saw a solid upward move above the $150.00 barrier in Ethereum price. The price even cleared the $160.00 resistance and formed a new monthly high at $163.50. Looking at the 30-minute chart of ETH/USD, the pair started a major downside move from the $163.50 high. Sellers took control and pushed the price below the $155.00, $150.00 and $142.00 support levels.

Ethereum (ETH) Price Analysis: Can Buyers Keep The Recovery Going?
Cryptocurrency News & Your Guide to the Blockchain Economy Ethereum price made a surprise bullish move and broke the $125.00 resistance. ETH/USD is trading with a positive bias and it could extend gains above $135.00. Yesterday, we saw a dead cat bounce in Ethereum price above the $118.00 level. However, ETH buyers gained control above $120.00, resulting in a sharp rally above the $125.00 and $129.25 resistances. Looking at the 30-minute chart of ETH/USD, the pair formed an intermediate low at $118.71 and started a solid bullish wave above the $120.00 level. It broke the $125.00 resistance level to start a decent recovery.

Crypto Market Update: Consolidation Bitcoin (BTC) & Litecoin (LTC) Price
Cryptocurrency News & Your Guide to the Blockchain Economy From yesterday when the evaluation of the crypto market was at its highest around $211B we have seen a decrease in the market evaluation by 2.3 billion dollars. As you can see from the global chart the evaluation is inside a triangle like a pattern with a breakout looking like about to happen very soon. This triangle was created after the spike last Monday which retested the resistance from the descending channel as the market entered consolidation. Now that the evaluation has bounced off its support a short-term increase is expected potentially breaking out of the minor triangle and heading toward the descending channels resistance line again. Ultimately the wave structure is expected to head down so any upward move would be considered temporary.

Decentralized Darknet Markets Could Lead to Unstoppable Silk Road Clones
Cryptocurrency News & Your Guide to the Blockchain Economy Darknet black markets have been a staple of cryptocurrency since the early days of the Silk Road. Following the arrest of Ross Ulbricht and his subsequent life sentence, a number of other darknet markets have appeared and tried to take its place. But all of these markets have the same basic problem. Even though they are operated on anonymous TOR networks, they are all still centralized services with central servers. This means that they are all vulnerable to shut down by authorities. But what would happen if a darknet market were to appear that did not suffer from this kind of weakness That's the question posed by a new decentralized darknet market project that's calling itself Eden.

How to Mine Qyno Coin (QNO): Complete Beginner?s Guide
Cryptocurrency News & Your Guide to the Blockchain Economy Qyno is a coin based on Dash, with many unique features. Qyno's main goal is a fast cryptocurrency that everyone can use. Qyno has the same popular features of Dash, and aims to be a secure and instant cryptocurrency, with a mix of POW and POS mining, using masternodes. The masternodes get most of the block rewards. What is interesting about Qyno is the fact that the block reward is more of a slope then a downward line. The block reward starts out low, and gets higher as the blocks get mined, up until a point where it starts going back down. Qyno uses the NeoScrypt Algorithm, which is ASIC resistant.

Ether Miners Are All Losing Money, According to Recent Statistics
Cryptocurrency News & Your Guide to the Blockchain Economy According to recent data, the mining profitability of Ether has dropped to such a point that most miners are likely losing money. In other words, the cost of running mining hardware is now more than the value of the return. As Ether prices continue to remain flat and depressed, this lack of profitability for miners could have some serious implications. Before we get too deep into this topic, let's go over briefly what mining profitability means. In simple terms, mining profitability means that the cost of mining should be less than the profit earned from mining. Let's say for example that it costs about $5000 to mine a single bitcoin that is worth $6000. This would mean that there is a profit margin of $1000 per bitcoin, assuming no significant change in price. Mining profitability can increase when the price of the asset being mined goes up, but the difficulty stays the same or drops. Conversely, profitability goes down when the cost of mining goes up, but the asset price stays flat or drops.

HSBC India issues Blockchain Letter of Credit with Reliance Industries
Cryptocurrency News & Your Guide to the Blockchain Economy HSBC India has completed a first of its kind blockchain enable transaction in partnership with ING Bank Brussels between Indian Holding juggernaut Reliance Industries (RIL) and its client in the U.S., according to reports by local Indian newspaper The Hindu Business Line. The transaction was in the form of a blockchain enabled Letter of Credit (LoC), necessitated by the shipment sent out from Reliance Industries to U.S energy company Tricon Energy, leading to a substantial reduction in the cost and time of processing documents. Based on the report, the issuing bank for the LoC was ING Bank, while HSBC India, advised and negotiated on behalf of Reliance Industries. R3's Corda platform facilitated the end-to-end transaction.

Windows Installation Files Are the Latest Crypto-Jacking Tools
Cryptocurrency News & Your Guide to the Blockchain Economy It appears Windows is providing windows to hackers. According to The Next Web, hackers are hiding cryptocurrency malware in Windows installation files as part of a recent crypto-jacking effort. Crypto-jacking is nothing new. It's a topic we've discussed before and will likely do so again before the year is out. The process occurs when a hacker takes control of a victim's computer without their knowledge or consent and uses their computing power to mine cryptocurrency. Most crypto-jacking efforts result in the extraction of new Monero coins, one of the most popular cryptocurrencies among digital thieves due to its anonymous properties.

What is Tether? Beginners Guide to USDT Information & Controversy
Cryptocurrency News & Your Guide to the Blockchain Economy If you got into cryptocurrencies in 2017, there's virtually no way you didn't hear about Tether (USDT): the good, the bad, and the ugly. Indeed, the stablecoin, so called because a single tether token is designed to maintain the same value regardless of whether the crypto markets are up, down, or sideways, has had a dramatic year to say the least. Today, then, we're going to be walking you through Tether. What it is, and why it's generated so much attention over the past several months. Tether is an Ethereum-based ERC20 token that's billed as the U.S. dollar token. That's because each tether is said to be pegged to fiat reserves 1:1, with these reserves being maintained in as-yet undisclosed bank accounts under Tether Limited's control. Tether Limited, of course, is the organization heading up the token project.

The Entire Cryptocurrency Space Now Worth Less Than McDonald?s
Cryptocurrency News & Your Guide to the Blockchain Economy Well, how do you like that The entire cryptocurrency market is now worth less than the McDonald's fast food franchise. Following the persistent price drops of cryptocurrencies like bitcoin, the entire digital asset market is worth less than a company that serves Big Macs, French fries and other low-quality eats. This creates a real dilemma in the sense that while McDonald's may not be good for you, people still resort to their local drive-thru if they are feeling rushed and hungry at the same time. They're not likely to be any nutritional value to what one consumes, yet it somehow gets the job done in their minds.

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