Archive for  April 2020

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As the price of bitcoin rallied to just below $9,000 the exchange’s website, mobile app, and API website experienced major outages. Several Twitter users also noted the connectivity issues with screenshots of the Coinbase website and mobile app. Kraken reported some issues connecting with its API as well on Wednesday, though it said its platform had returned to normal operations by 18:56 UTC.

After a long struggle, bitcoin price was able to break the $7,800 and $7,850 resistance levels. BTC/USD is currently gaining bullish momentum and it might to continue higher above $8,000 and $8,050. Also, there were strong bullish moves in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD climbed above the main USD 200 resistance to start another increase. Besides, XRP/USD gained more than 10% and traded close to the $0.220 resistance.

TokenSoft, the US token issuance platform cited automation, regulatory compliance, and properly utilizing blockchain technology as reasons for the move. It would be entering the D.C.-based organization to “educate regulators and elected officials on the advantages of utilizing blockchain technology and the need for responsive, national regulatory standards.”

Users are able to write, share, and like short-form posts called “pulses” from other users. The exchange said in a statement shared with Finance Magnates that the social network is “tailored” to the needs of cryptocurrency traders, and will provide Bitfinex’s customer base with the opportunity to “leverage the exchange’s community to get a trading edge.”

From Thursday, the crypto exchange said the oracle, provides data from Coinbase Pro on the exchange rates for both bitcoin and ether against the U.S. dollar. It is further signed with Coinbase’s private key, meaning that when shared across third party services and protocols, the data can always be verified as being from the exchange.

China’s central bank will be testing digital currency in the country’s Xiong’An new district with 19 restaurants and retail shops. The move signals China’s wider efforts to test the digital currency project, with state-owned commercial banks already developing wallet applications for the digital yuan, also known as DC/EP.

The Dutch Central Bank believes that the eurosystem’s central bank digital currency (CBDC) should be more programmable than bitcoin. The striking admission comes as the DNB jockeys for influence in European central bankers’ growing digital currency debate.

A number of transactions were initiated from 6:00 UTC on Tuesday from an address labelled “Lendf.Me Hack” to the admin address for the Lendf.Me project. The transactions included some extremely large amounts, such as one for 57,992 ether (ETH), the native cryptocurrency of the Ethereum blockchain – an amount worth around $10 million at press time.

The PBoC has also rushed to insist that a digital yuan rollout will not spark inflation in the Middle Kingdom. Two test sites – the cities of Shenzhen and Suzhou – had already been earmarked. Last week it emerged that two further cities, Xiongan and Chengdu, were now also part of the expanding digital yuan testbed.

Facebook’s cryptocurrency Libra changed its initial plan to issue the multi-currency Libra Coin and now aims to start from single-currency stablecoins, such as LibraUSD, LibraEUR, etc. Also, the project dropped its plan to move to a permissionless system. “This will allow people and businesses in the regions whose local currencies have single-currency stablecoins on the Libra network to directly access a stablecoin in their currency,” the Libra Association announced on Thursday.