Bitcoin News - Cryptocynews

Tuesday, March 31, 2020

The Banque de France Launches Experiment Program on CBDC

The Banque de France Launches Experiment Program on Central Bank Digital Currency

Central bank of France is calling for applications to experiment with a central bank digital currency for interbank settlements, official website reports. The bank reports that it doesn’t impose any particular technology within its CBDC experiment program.

With this step, the Banque de France has an intention to explore this technology’s provided prospects. It will also help to identify particular cases integrating Central Bank Digital Currencies in innovative procedures for the clearing and settlement of tokenised financial assets.

As reported by the bank, the deadline for digital applications’ submission is set 15 May. The selection of applications will be conducted until July 10 of the current year.

It is mentioned that the Central Bank of France will choose a maximum of 10 CBDC-related apps by groups/individuals. The main condition for the selection is set to be the innovative nature of the project.

As the Central Bank of France reports, the results of these experiments will be a fundamental component for the bank to contribute to a more comprehensive plan conducted by the Eurosystem on the possible CBD implementations. In addition it’s mentioned, “Indeed, any decision to create a CBDC is a matter for the Eurosystem.”

Cryptocurrencies are getting more and more popularity. Day by day, more countries adopt it, more companies and individuals enter into the crypto market. To learn about the first and most popular crypto asset, Bitcoin, check Bitcoin Price. To stay up to date with the latest BTC price and crypto market movements, check out Bitcoin (BTC) Price Predictions.

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Monday, March 30, 2020

Hitachi Partners with ConsenSys for PegaSys Plus Sales

In partnership with ConsenSys, Hitachi Solutions, Ltd. will make sales of PegaSys Plus in Japan starting from the next month, as reported.

Expressing his opinion on the collaboration with Hitachi, Joseph Lubin, ConsenSys Founder and CEO, noted that Japanese blockchain market is full of potential to become one of the rapid growing markets in upcoming years. He noted that he is enthusiastic to push that growth together with Hitachi. In addition he mentioned: “We are committed to bringing our stack of products to Japan and working with the best partner possible to make Japan a global leader in the space.”

PegaSys Plus is a commercially-licensed Ethereum-based platform built on Hyperledger Besu, providing additional features and support. It provides reliability, ease of use, and security required for corporate use. Through Pegasys Plus, Hitachi offers solutions providing complete support for the introduction, construction, operation as well as development of distributed apps.

Hitachi is planning to use Pegasys Plus to streamline crypto related operations such as trading, electronic coupons, supply chain management, and certification.

To find out more about Ethereum and its price, take a look at Ethereum Price updates. To stay up to date with the latest Ethereum price as well as the entire crypto market movements, check out Ethereum Price Predictions.

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Sunday, March 29, 2020

Ethereum-Based Pepo Integrates Zoom for Live Streaming

Pepo, an Ethereum-based video-sharing social media app, has announced the integration of the video conferencing platform, Zoom, to make live streaming easier.

As it is reported, at present Pepo Live Events are only available in beta on the site of the platform and are not within the Pepo app yet. The official Twitter account of Pepo writes: ‘As the world turns virtual, we knew we had to enable live events for all communities on Pepo.”

Livestreams are now possible on Pepo!

As the world turns virtual, and all our conversations are happening online, we knew we had to enable live events for all communities on Pepo.

More info here https://t.co/jI6WKrZd3p #PepoNews #Livestream

— Pepo (@thepepoapp) March 26, 2020

Currently, only Pepo Community admins are able to host a Pepo live event. Despite that, anyone can take part in the live events. All Pepo live events are recorded, and there are plans that in the near future there will be a possibility to show previous lives. Time limit for Pepo live events is 3 hours per event.

To learn about Ethereum and its price, take a look at Ethereum Price updates. To stay up to date with the latest Ethereum price and crypto market movements, check out Ethereum Price Predictions.

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Saturday, March 28, 2020

BTC Price Prediction: Bulls Have a Chance If

Bitcoin: Current Situation

This post is not intended to give super exact data because the main concept is to show the current and potential future situations based on technical and fundamental facts.

Bitcoin Crashed due the Coronavirus + large amount of short leveraged orders in the beginning of March 2020.

Bitcoin Touched the levels of 3900$ within a single day setting the worst BTC crash ever.

Currently, we see that on the monthly Chart a huge candle down which is recovered by 50% from the lowest level which created a huge tail on the candle.

BTC Price Prediction

If by the end of this month the Candle closes not below 7169$, then there is a good chance bitcoin will continue moving upwards despite the fact of the huge crash (-54%).

Why? Because based on the technical analysis, if the candle body closes above the latest candles bodies (pic below), the bull signs are clearly showing that are on the winning the fight against the Bears.

The weekly Chart:

On the weekly chart we can clearly see that the crash stopped on the 4000$’s Demand Levels from where it pushed all the way up. To be exact, 37% within 2-3 days.

The weekly candles show strong signs to continue moving upwards as there are no resistance levels until 6700$ level and candle bodies are quite firm.

If this week candle closes at least at current levels 6200$-6700$ then next week candle should continue growing.

Remember that we are very close for a monthly Candle closing at 7100$ which means weekly and monthly charts will support the trend growth.

Daily chart:

The daily chart is growing based on support resistance growing trend. Here we can see that the first resistance level starts from 7700$-8100$ levels which means that the trend has no real obstacles to reach the monthly desired closing level by the end of this month.

And, if the price reaches those levels we will have, as said before, a monthly and weekly strong support for BTC to continue moving forward.

We will continue making analysis on a weekly basis.

Best of luck!

Haik Espina Galstyan

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KB Kookmin Bank is Set to Launch a Crypto Custodial Service

One of the largest South Korean banks, KB Kookmin Bank or KB is set to launch a crypto custody service in the foreseeable future.

As Digital Today has reported on Friday, 27 March, the bank filed a trademark application for “KBDAC” – KB Digital Asset Custody in the late of January of the current year. In the application, KB expresses its desire to trademark KBDAC in around 20 areas relating to the crypto sphere. This includes trading, consultation as well as management of cryptocurrencies. It also clarifies digital asset consignment, settlement, along with their transactions with fiat currency.

South Korean bank will launch a subsidiary brand in order to provide financial services and products, regarding receiving and managing cryptocurrencies in investment funds.

It is worth noting that in June of the previous year, KB Kookmin Bank developed a crypto custody service in the partnership with Atomrigs Lab. Atomrigs Lab designs a product that secures crypto assets with the usage of multi-party computation (MPC) cryptography technology.

Cryptocurrency is getting more and more popularity. Day by day, more countries adopt it, more companies and individuals enter into the crypto market. To learn about the first and most popular crypto asset, Bitcoin, check Bitcoin Price. To stay up to date with the latest BTC price and crypto market movements, check out Bitcoin (BTC) Price Predictions.

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Friday, March 27, 2020

Ripple Donates $200K to Fight COVID-19 Pandemic

Ripple Donates $200K USD to Fight COVID-19 Pandemic

Ripple Labs has made a donation of $200,000 USD to 2 various non-profit organizations to fight against the spread of the coronavirus (COVID-19) in the territory of the United States.

As official Twitter account of Ripple tweeted, Tipping Point Community and Silicon Valley Community Foundation, will get $100,000 USD each as a donation.

In these challenging times, Ripple is committed to being part of the global response to the COVID-19 pandemic. We’re starting in our own backyard with $100K donations each to @tippingpoint‘s COVID emergency response fund and @siliconvalleycf’s COVID Regional Response Fund. (1/2)

— Ripple (@Ripple) March 25, 2020

Tipping Point Community, which is based in San Francisco, is working on combating the poverty in the California city through a network of partners who support the cause. All in all, the organization has an intention to raise over $1 million USD for the COVID-19 response initiative.

The other non-profit organization, the Silicon Valley Foundation is concentrated on containing the effects of COVID-19 throughout the Silicon Valley area.

To find out more about Ripple, check out Ripple XRP news toda. To stay up to date with Ripple price and crypto market movements, check Ripple (XRP) Price Predictions as well.

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Thursday, March 26, 2020

CoinTracker Report: The Top Crypto Cities in the United States

Bitcoin tax software and crypto portfolio manager CoinTracker has published a statement comparing the crypto ownership across major cities in the United States. The statement includes the data of CoinTracker anonymized United States users from 2013 to 2020.

As the statement uncovers, the top 4 ranked cities by average crypto portfolio size are all in San Francisco Bay Area. The top ranked city is San Francisco, where a CoinTracker user has in average around $55,000 in his crypto portfolio. Next come Palo Alto with $39,000, Oakland with $35,000, then San Mateo with $30,600. New York is on the 6th position with $22,966 and Los Angeles is on the 24th with $10,216 average crypto wealth per CoinTracker user.

Like everywhere around the globe, also in the United States the top crypto that people invest in the most is Bitcoin. 50.3% of all crypto wealth among CoinTracker users is in Bitcoin. Ether comes next with 28.7%, then USDT with 4.1%, etc.

It should be noted that in several areas, people mostly have created wealth by investing in Ethereum. In the United States, San Diego is the leading city in concentration of Ether wealth. 66% of their users’ wealth is coming from that crypto asset. Crypto portfolio users from San Francisco have also made over half of their crypto wealth from Ethereum. It’s also worth noting that San Francisco has the most crypto users followed by New York and Los Angeles.

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