2020

Factom Facing Liquidation After Creditor Refuses Request for Funding

Source Node: https://cointelegraph.com/news/factom-facing-liquidation-after-creditor-refuses-request-for-funding
Time Stamp: April 6, 2020 2:05 AM - Modified On: May 21, 2021 - Published By:
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After failing to source additional funding, blockchain company Factom has begun the process of being liquidated. In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”: "The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 they concluded that, in the absence of further funding, they now needed to begin the process of assignment of assets for the benefit of creditors.”Citing their failure to secure additional funding, FastForward declared Factom would now enter receivership. As Factom’s largest creditor,

People’s Bank of China Continues CBDC Development Talks

Source Node: https://cointelegraph.com/news/peoples-bank-of-china-continues-cbdc-development-talks
Time Stamp: April 5, 2020 4:06 PM - Modified On: May 21, 2021 - Published By:
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The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.CBDC development is one of the bank’s top priorities The meeting summarized the central bank’s achievements with fiat currency, gold, silver, and securities since the end of 2019. Executives analyzed the bank’s present challenges in depth, while acknowledging that their top priority for 2020 is the continued research and development of a CBDC, saying: “The

Africa Using Blockchain to Drive Change, Part Two: Southern Solutions

Source Node: https://cointelegraph.com/news/africa-using-blockchain-to-drive-change-part-two-southern-solutions
Time Stamp: April 5, 2020 12:46 PM - Modified On: May 21, 2021 - Published By:
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With pundits like Twitter CEO Jack Dorsey predicting that Africa “will define” the future of Bitcoin (BTC), cryptocurrency and blockchain technology continue to attract interest from both public and private establishments across the continent. Many of these adoption cases have been moving beyond finance, developing solutions targeted at issues like unemployment, identity management, health care and supply chain, among others.Amid the growing enthusiasm for crypto and blockchain technology in Africa, industry stakeholders interviewed by Cointelegraph identify a lack of education as one of the major hurdles standing in the way of more

Bitcoin Flips Bullish — But Here’s Why BTC Price May Still Hit $3.9K

Source Node: https://cointelegraph.com/news/bitcoin-flips-bullish-but-heres-why-btc-price-may-still-hit-39k
Time Stamp: April 5, 2020 7:21 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) price has gained more than 10% in the last week, giving bulls some hope that the road ahead is a bright one for the leading digital asset.However, despite an effort to blast through the critical resistance level of $7,200 as mentioned in last week’s analysis, there was a huge rejection bringing home the reality that perhaps it may be a little too soon to be expecting a miraculous bounce back to the $8,000+ levels. Daily crypto market performance. Source: Coin360.com$5,500 then moon?BTC USD daily chart. Source: TradingViewI think it’s

Retail Bought $3.7K Bitcoin Price Dip on Record $76B Volume: Report

Source Node: https://cointelegraph.com/news/retail-bought-37k-bitcoin-price-dip-on-record-76b-volume-report
Time Stamp: April 4, 2020 5:54 PM - Modified On: May 21, 2021 - Published By:
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Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month.Cryptocurrency market daily view. Source: Coin360The March 13 market crash that brought the Bitcoin price from $8,000 to a low of $3,800 in 24 hours registered the biggest day for crypto in terms of trading volumes registered at Bitcoin spot markets. On March 13 alone, total daily volumes

Bitcoin’s Hedging Performance in the Wake of the Coronavirus Outbreak

Source Node: https://cointelegraph.com/news/bitcoins-hedging-performance-in-the-wake-of-the-coronavirus-outbreak
Time Stamp: April 4, 2020 5:46 PM - Modified On: May 21, 2021 - Published By:
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The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to be its worst single-day loss ever. However, on Thursday, March 12, 2020, the Dow then recorded the fifth-largest drop in modern history based on percentage points by a staggering amount of almost 10%. Unfortunately, the losses did not stop there. Four

Crypto Community Largely Approves of Binance Acquiring CoinMarketCap

Source Node: https://cointelegraph.com/news/crypto-community-largely-approves-of-binance-acquiring-coinmarketcap
Time Stamp: April 4, 2020 1:31 PM - Modified On: May 21, 2021 - Published By:
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Despite markets all over the world facing ever-worsening economic troubles amid the ongoing coronavirus pandemic, it seems as though the crypto industry has been able to weather the storm, at least thus far. In this regard, Binance — the world’s largest cryptocurrency exchange — has recently reached an agreement to acquire CoinMarketCap, one of the most prominent crypto data websites.The official announcement was made by both companies on April 2, with Binance CEO Changpeng Zhao telling Cointelegraph that CMC and Binance have from the very start been working to make

Talking Digital Future: Smart Cities

Source Node: https://cointelegraph.com/news/talking-digital-future-smart-cities
Time Stamp: April 4, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O'Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The

Bitfinex Supplied ‘Most’ Liquidity During $3.7K Bitcoin Crash — Report

Source Node: https://cointelegraph.com/news/bitfinex-supplied-most-liquidity-during-37k-bitcoin-crash-report
Time Stamp: April 4, 2020 9:17 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges.In its March Exchange Review released this week, monitoring resource CryptoCompare highlighted liquidity as a key metric which changed during last month’s extreme volatility.CryptoCompare: Bitfinex hit 40% of exchange volumeOn March 12, as Bitcoin prices collapsed in a matter of hours, it was notably one platform in particular which provided more volume, and hence liquidity, for traders.“Despite Binance and OKEx trading the most volume across all markets

Malaysia’s Securities Commission Gives Tokenize Xchange The Green Light

Source Node: https://insidebitcoins.com/news/malaysias-securities-commission-gives-tokenize-xchange-the-green-light/256551
Time Stamp: April 4, 2020 8:55 AM - Modified On: May 21, 2021 - Published By:
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The 3rd of April, 2020, marked the end of a nine-month probationary period that the Malaysia based crypto trading firm, Tokenize Malaysia, had gone through. Within this time, the company managed to gain full approval from Malaysia’s securities watchdog, the Securities Commission, or SC.Gaining Approval To Start TradingWith the approval given for the company to operate a Digital Assets Exchange, its namesake crypto trading platform, the Tokenize Xchange, has now gained the full legal support and regulation it needs. This was reported on SoyaCincau, a local news outlet, on the

CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator

Source Node: https://cointelegraph.com/news/cftc-requests-default-after-failing-to-find-147m-bitcoin-ponzi-operator
Time Stamp: April 4, 2020 8:55 AM - Modified On: May 21, 2021 - Published By:
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The United States Commodity Futures Trading Commission (CFTC) has requested that the alleged founder of the crypto $147 million Ponzi scheme Control-Finance be declared a default.On April 3, the CFTC filed for a ruling of default after Control-Finance’s alleged founder and director, Benjamin Reynolds, did not respond to the regulator’s complaint.CFTC unable to locate Reynolds after 10 monthsThe CFTC’s complaint was filed during June 2019 — alleging that Reynolds misappropriated at least 22,858 BTC from more than 1,000 customers from May 1, 2017.In January 2020, the SEC requested additional time