Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

United States-based cryptocurrency index fund provider Bitwise declared that Facebook’s Libra stablecoin accelerated Bitcoin’s (BTC) progress by three years in a letter to investors published on its website on August 1. Libra attracted attention to Bitcoin In the letter, Bitwise’s global head of research Matt Hougan said on behalf of the company: “Thanks to Facebook’s Libra and Congress, we have just fast-forwarded two or three years into crypto’s future, accelerating all the conversations, debates, and mainstream discussions into the present day.” Increasing regulatory scrutiny The firm claims that, as a…

Exchange OKEx Launches Data Analytics Platform for Derivatives Trading

Malta-based digital asset exchange OKEx has launched a new comprehensive data insights platform that covers trading trends for derivatives. According to a press release shared with Cointelegraph, this platform will reportedly allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH, and XRP.  The platform provides six indicators of market trends as follows: long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, top trader sentiment index, and top trader average margin used. …

Brazilian Non-profit Tags Clothes for Workplace Abuse Using Blockchain

The Brazilian non-profit Alinha Institute has launched their Alinha Tag, aiming to inform customers of the labor conditions of the workshops that produced their clothes. As per a Cointelegraph Brasil report from July 3, the new Alinha Tag is especially concerned with forced labor in Brazil’s fashion industry. According to Brazilian business newspaper Valor Económico, over 81,000 workers in Brazil were rescued from forced labor in 2018. Per the Alinha Institute’s website, brands and apparel producers register for the Alinha Tag, requiring a review of working conditions of workshops further…

Bitcoin Price Holds $10,000 as Top Cryptos See Mixed Movements

Saturday, Aug. 3 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $10,750 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 3.15% on the day, trading at around $10,778 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 9.56%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported yesterday, Ethereum co-founder Vitalik Buterin said that the future of crypto is pluralist in response to a recent…

Trump Triggered the Latest Bitcoin Price Spike

Binance Research made the specious claim that the that latest bitcoin price spike was caused by President Donald Trump’s tariff rhetoric. | Source: NICHOLAS KAMM / AFP (i), Shutterstock (ii). Image Edited by CCN. Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven assets, after Trump’s latest tariff storm. Will the trade war continue to be a catalyst for…

South Korea’s Shinhan Bank Developing a Blockchain Stock Lending System

South Korea’s oldest bank, Shinhan Bank, is developing a Distributed Ledger Technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1. Blockchain-based stock lending Per the report, Shinhan Financial Investment signed an agreement with financial services company Directional to develop a blockchain-based stock lending service on May 28. Personal stock lending is part of a broader development of innovative financial services that are currently being pursued by the company. Not the first Shinhan Blockchain-based Service At the end of May, Shinhan Bank, has also launched a blockchain-enabled lending…

Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April

Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2. Hundreds of millions lost Per the report, the firm sustained losses of $625 million by March, $345 during January, and $280 million during February. Those results were reportedly driven by the sales of outdated 16 nanometer ASICs at low prices, and once the inventory is cleared of those machines, new profits are expected from the sale of new, 7 nanometer mining…

10 Blockchain Projects That Are Out-of-This-World, or May Change It

Blockchain technology has proven to be a great invention since it was introduced about a decade ago. Since then, it has powered several inventions that will have a lasting impact on humanity. Some notable examples are the Internet of Things (IoT) and smart contracts. However, some blockchain projects will touch some other areas of human endeavor that are yet to feel the impact of this amazing technology. Here, Cointelegraph takes a look at 10 very interesting blockchain projects the world should look forward to. Andrew Adcock, the CEO of Crowd…

Truffle Announces Upcoming Dev Support for Corda, Hyperledger Fabric, Tezos

Blockchain development company Truffle has unveiled plans to expand its fully managed developer suite to include support for the blockchain protocols Corda, Hyperledger Fabric and Tezos. Truffle founder and CEO Tim Coulter announced the company’s plans at TruffleCon 2019 — Truffle’s annual dev conference — on Microsoft’s campus in Redmond, Washington. Coulter commented on how he thinks these tools will pave the way for collaboration via interoperability, saying: “We are empowering developers to build enterprise-grade solutions on any network of their choosing, creating a path for future cross-network collaboration.” According…

Zambia SEC Warns About Investing in Promoted Onyxcoin Cryptocurrency

The Zambia SEC’s CEO, Philip Chitalu, has warned the public that cryptocurrency OnyxCoin creator Kwakoo is not licensed to give investment advice or solicit funds, from within and outside the country alike. The Lusaka Times relayed the SEC head’s warnings in a report on Aug. 2. According to the report, Kwakoo has been promoting Onyxcoin and soliciting investments from the Zambian public.  Relatedly, CEO Chitalu notes that Securities Act, No. 41 of 2016 dictates that certain activities — such as Kwakoo’s —  require proper licensure in Zambia, unless specifically exempted…