Blockchain & Cryptocurrency News

Market

Tue, 21 May 2019, 09:54 PM
All times are UTC
Edition:

International
- Korea

PBoC-backed Shenzhen Fintech Research Institute seeks blockchain talent

Crypto Technicals: BTC/USD hovers around $8000 mark, poised for upside resumption

BTC/USD chart - Trading View Exchange - Coinbase Support: 7764 (5-DMA); Resistance: 9532 (38.2% Fib) Technical Analysis: Bias Bullish BTC/USD trades in a narrow range on the day, bias remains bullish. Price...

Austrian fiber producer Lenzing to launch blockchain-based traceability platform

Austrian fiber producer Lenzing has announced its plans to use blockchain technology for end-to-end traceability of its fibers. In a press release dated May 17, Lenzing said that it has entered into a partnership with...

Crypto Technicals: Monero pullback finds support at 21-EMA, eyes $100 on upside resumption

XMR/USD chart - Trading View Exchange - Binance Support: 86.49 (5-DMA); Resistance: 97.70 (trendline) Technical Analysis: Bias Bullish Moneross pullback from 30-week highs finds support at 21-EMA. XMR/USD...

US SEC again delays decision on VanEck bitcoin ETF application

The U.S. Securities and Exchange Commission (SEC) has once again deferred its decision on the bitcoin exchange-traded fund (ETF) proposed by VanEck and SolidX. The VanEck/SolidX bitcoin ETF was first filed in 2018 with...

Crypto Technicals: NEO/USD bounces off 110-EMA, retraces above cloud, scope for test of 13.85

NEO/USD chart - Trading View Exchange - Binance Support: 10.36 (110-EMA); Resistance: 13.85 (trendline) Technical Analysis: Bias Bullish NEO/USD has held support at 1H 200-SMA, break below eyes 21-EMA at...

Honda and GM team up to explore blockchain potential in smart grid and electric car interoperability

Automotive giants General Motors and Honda are teaming up for joint blockchain research focused on electric vehicles and smart grids, Nikkei reported. The project aims to explore whether electric vehicles could...

Seoul to roll out blockchain-based citizen cards

The city of Seoul in South Korea is planning to implement blockchain technology in citizen cards, Cointelegraph reported referring to a report from Queen.co.kr. Speaking at the Korea Future Forum (KFF) 2019 Blockchain...

U.S. IRS to soon issue crypto tax guidance

The United States Internal Revenue Service is currently drafting its first crypto tax guidance since 2014, Commissioner Charles P. Rettig said recently, CoinDesk reported. In response to a request from Rep. Tom Emmer...

Crypto and forex scams more than tripled in 2018/19 financial year, FCA finds

The UK Financial Conduct Authority (FCA) has found that the reported number of crypto and foreign exchange scams more than tripled in the last financial year, the Financial Times reported. The data from the national...

Mutual funds network Calastone goes live with real-time blockchain-based platform

Global funds transaction network Calastone has announced that its blockchain-enabled Distributed Market Infrastructure (DMI) is now live. The company switched to a blockchain-based system within two years of completing...

Business

Crypto exchange Kraken raises over $6.5M in equity funding Tue, 21 May 2019, 11:42 am UTC

Cryptocurrency exchange Kraken has raised more than $6.5 million in a couple of days, Bitcoinist reported. The ongoing fundraising drive is a part of a new equity sale. The details on the companys fundraising page on...

Coinbase Earn expands to over 100 countries

Facebook registers new cryptocurrency firm Libra Networks in Switzerland

Billion, Microsoft to work with University of Warsaw on blockchain development

Technology

ABB, Evolvere launch blockchain pilot for energy sector Mon, 20 May 2019, 08:18 am UTC

Inverter manufacturer ABB has rolled out a blockchain pilot to determine how technology can enhance the role of solar energy in peer-to-peer (P2P) energy trading. The leading technology leader has teamed up with...

ABN Amro to roll out blockchain and IoT platform for commodities industry

Digital Currency and Blockchain Weekly Round-Up – May 17th, 2019 ECB official sees more potential in stablecoins than bitcoin An official of the European Central Bank (ECB) recently said that all cryptocurrencies are not created equally, Bloomberg reported. Speaking in Paris this week,...

Blockchain startup Ripio launches crypto-fiat exchange and OTC desk

Investing

Crypto Technicals: Bitcoin Gold holds 21-EMA support, upside resumption likely on break above 61.8% Fib (25.75) Tue, 21 May 2019, 14:26 pm UTC

BTG/USD chart - Trading View Exchange - Binance Support: 20.98 (21-EMA); Resistance: 25.75 (converged 61.8% Fib and trendline) Technical Analysis: Bias Bullish Bitcoin Gold bounces off 21-EMA support, trades...

Crypto Technicals: BCH/USD extends consolidation, intraday bias neutral

Crypto Technicals: ETH/USD extends sideways, no major signs of reversal seen

Crypto Technicals: NEO/USD holds 1H 200-SMA support, break below eyes 9.42

Insights

Crypto-assets pose no immediate threat but need monitoring: ECB Mon, 20 May 2019, 03:38 am UTC

The European Central Bank (ECB) said that crypto-assets currently do not have any risks or threat to Europes economy, according to its May report. Even at their peak in early 2018 the outstanding value of crypto-assets...