Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume

Bitcoin Price Intraday Analysis: BTC/USD Predictable amid Low Volume

Advertisement The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every…

Net Neutrality Killer Ajit Pai Casts an Eye over Regulating Blockchain

Advertisement The man who killed net neutrality in the US is racing-up with innovations like blockchain to effectively regulate them. Ajit Pai, the chairman of the US Federal Communications Commission (FCC), said that his office would be looking into the emerging technologies for their potential impact on the telecom sector. Naming artificial intelligence, machine learning,…

Chinese Civil Court Rules Bitcoin as Legally Protected Property

Chinese Civil Court Rules Bitcoin as Legally Protected Property

Advertisement A case involving almost half a million dollars in cryptocurrency led to an important new precedent in China. A high Chinese court, the Court of International Arbitration, ruled that Bitcoin and other cryptocurrencies are valuable personal property and are therefore protected under existing Chinese law. The court also stated that there is no law…

What 30 Million Ethereum Transactions Reveal about DApp Development

What 30 Million Ethereum Transactions Reveal about DApp Development

Advertisement New data from cryptocurrency prime dealer SFOX has painted a somewhat bleak picture of the current state of dApp development on the Ethereum network. According to the data which was obtained from an analysis of more than 30 million Ethereum transactions, the top 10 smart contracts on the network are dominated by ICO and…

IBM: Central Banks Favor Digital Currencies for Interbank Settlements

IBM: Central Banks Favor Digital Currencies for Interbank Settlements

Advertisement Central banks maintain their distance from Bitcoin but have shown interests in issuing their private digital currencies. And a new IBM-OMFIF survey revealed how this future financial infrastructure¬†would appear. The Background The study found that central banks are increasingly adopting Central Bank Digital Currencies (CBDCs). A clear overview revealed that banks were initially reluctant…

Bank of Canada Estimates 5% of Canadians Own Bitcoin

Bank of Canada Estimates 5% of Canadians Own Bitcoin

Advertisement Data from the Bank of Canada and the Ontario Securities Commission has revealed that bitcoin adoption and general crypto awareness in Canada is growing steadily, with the percentage of Canadian poll respondents who own bitcoin rising from 2.9 percent in 2016 to 5 percent in 2017. According to a recently released report by the…

Bitcoin Price Intraday Analysis: BTC/USD Slips Intrarange

Bitcoin Price Intraday Analysis: BTC/USD Slips Intrarange

Advertisement The bitcoin-to-dollar exchange rate on Thursday dropped a little over 1 percent from its intraday high towards 6377-fiat. Currently, the pair is trading at 6412-fiat, up 0.54 percent from the latest low. On the US Dollar front, the DXY continues to act inverse against the bitcoin market. The correlation is too visible to evade…

Ripple Sold More than $160 Million Worth of XRP Last Quarter

Ripple Sold More than $160 Million Worth of XRP Last Quarter

Advertisement Ripple Labs has unveiled their quarterly market report, and things appear positive overall. Between its two major operations, Ripple Labs and Ripple II, which caters to institutional investors and is fully licensed, the firm moved more than $160 million in ripple (XRP). Interestingly, these sales accounted for less than half a percent of the…