Financial Industry News
Bitcoin (BTC) is more likely to be at the start of a new bull market than at any time since 2016, new data covering investors suggests. Noted by Phillip Swift, creator of monitoring resource Look Into Bitcoin, the data shows that 60% of the Bitcoin supply has not moved from its wallet in over one […]
Continue ReadingThe largest multi-port operator of India, Adani Ports and Special Economic Zone Limited (APSEZ), has partnered with the blockchain-based supply chain solution platform TradeLens. APSEZ plans to integrate TradeLens’s blockchain solutions across 10 of its major courier management facilities across ports in six Indian states — four in Gujarat and one each in Odisha, Tamil […]
Continue ReadingControversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been. A recent Reddit post shows Tether reached 208,107 daily transactions on May 25th, 2020, which equated to $1.2 billion in value. Source: reddit.com What’s more, daily transactions have been in an ascending […]
Continue ReadingEOS, the ninth-largest cryptocurrency by market capitalization, yields negative year-to-date returns for the first time since March 2020. The delegated proof-of-stake asset is trading 3.61 percent lower for the year despite a 26.47 percent overall growth in the top 10 cryptocurrencies. The reasons for EOS’s price declines include a broader bearish correction sentiment in the […]
Continue ReadingCrypto-powered Esports streaming app Theta continues to rally ahead of its mainnet 2.0 launch, gaining 150% in the past two weeks. All told, the Theta Token, is up nearly 1,300% since the ‘Black Thursday’ crash of mid-March. In addition to its forthcoming technical upgrades, Theta’s rally appears to have also been fuelled by a series […]
Continue ReadingEntering a long position in the bitcoin market is wise if the yields on U.S. Treasury bonds fall, according to Qiao Wang, the director of product at Messari. The statement appears as the benchmark U.S. 10Y bond’s forward earning yield treads near zero. Bitcoin expects to give higher returns as possessing long bonds becomes less […]
Continue ReadingPioneering digital music store eMusic has launched its eMU token to help musicians earn more royalties. According to an announcement published by eMusic on May 26, the firm launched its token with the aim of creating a sustainable music ecosystem. The eMU crypto asset is a payment method designed to allow artists on the platform […]
Continue ReadingBitcoin is trading in a bearish zone below $9,000 against the US Dollar. BTC price is likely to accelerate lower if it breaks the $8,680 and $8,600 support levels. Bitcoin is declining and trading well below the key $9,100 pivot level. The price is likely to continue lower towards the $8,400 and $8,200 support levels. […]
Continue ReadingThe Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT). In email correspondence with Cointelegraph, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the systems that underpin the […]
Continue ReadingThe Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019. The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26. The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and exploits a vulnerability […]
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