Showing posts with label IFTTT Subha Dutta. Show all posts
Showing posts with label IFTTT Subha Dutta. Show all posts

Monday, 26 November 2018

Cryptocurrency News: InVault Brings In Legislation to Regulate Its Crypto Market

The Shanghai-based start-up is certainly at the forefront of Cryptocurrency news.

In the latest Cryptocurrency News, there are some new regulations happening for cryptocurrency with the sole aim of safeguarding the digital assets from Theft and Loss in Hong Kong. Under the new system, the fund managers and trading platforms will be required to ensure their client’s virtual assets. The services of a third party cryptocurrency custodian may be involved. InVault, a Shanghai Based start-up, claims to be the first such custodian which is about to launch their services in Hong-Kong.

The Company is in big-time cryptocurrency news these days. It has about one million Ethereum users in its portfolio in mainland China and is about to obtain the license from the Hong-Kong regulator. It will start offering its services from December. The company protects the privacy of the customers by keeping the Client’s private key, a complex code for accessing the digital wallet to carry out a transaction in a physical vault. The complex codes are difficult to remember and can be stolen or hacked. This is a better way to keep vital and strategic information under a safe and secured system. As the popularity of crytocurrency grows by the day, there is also a rising concern to protect vital information of clients.

The Shanghai-based start-up is certainly at the forefront of Cryptocurrency news. Invault has joined the league of emerging ranks of service platform operators around the globe. These are generally responsible for providing cryptocurrency custody services to the corporates and the asset managers, who generally deal in digital tokens. The company is backed by venture capital fund Matrix Partners China. Invault evidently charges service fees, based on assets under its management. The company uses physical vaults to safeguard the customer’s valuable information and these vaults are controlled by a biometric recognition technology that will allow only selected persons to enter the area, South China Morning Post reported.

The post Cryptocurrency News: InVault Brings In Legislation to Regulate Its Crypto Market appeared first on OWLT Market.



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Upheaval In Prices of Cryptocurrency; Bitcoin Crash Continues Unabated

In recent times, financial experts are watching helplessly the news about Bitcoin Crash. Across many Cryptocurrency exchanges, the Bitcoin has dropped to a low of $3,456. Over the past 24 hours, for instance, the currency has depreciated by around 12 percent, despite a low daily volume. The volume has shown a marginal rise to $6.3 Billion Dollars due to relatively large sell orders. The drop in price on November 25 is definitely a sign of worry. Without a formidable sell pressure, the value of Bitcoin dropped quite drastically.

The worry in the minds of Bitcoin users and followers are primarily due to Bitcoin Crash, which has refused to die down in the recent time. In the early November, when the value of Bitcoin fell to around $5000 dollars, the volume of Bitcoin averaged around $8 Billion. While if we look at November 23, when the price of Bitcoin dropped to around $4,100, the volume of Bitcoin was quite low at $1.5 Billion. Bitcoin registered large sell-offs without large orders from the bears. Actually, Cryptocurrency is still in its infancy, with low liquidity and volume. It is necessary for Bitcoin to achieve multi-trillion Dollar market valuation to operate inversely against Global financial markets, TechCrunch reported.

For quite some time now, we can notice the pressure due to Bitcoin Crash among the crypto followers. Just one year ago we never ever expected the kind of crash that we are witnessing at the moment. The situation was just completely the opposite. Today, if we have a look at the markets, we can see that all but 8 of the top 100 cryptocurrency tokens are down for 24 hour period. While there has been a notable fall in the value of Bitcoin, Ethereum is trading just over $111 and Litecoin has fallen below $30 Dollars. The downward trend has been quite consistent for some time now and many are wondering when this is ultimately going to stop, CCN reported.

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Saturday, 24 November 2018

Crypto Market Crash Continues, Immediate Relief Not In Sight

The crypto market crashes when Bitcoin falls on 23 November 2018.

The crypto market crash continues as a cash war comes to an end with no repose. Two factions tried to take over the control of Bitcoin Cash that is the world’s fourth-largest cryptocurrency and the network. The value of Bitcoin slides by nearly 50 percent of its original value. The two factions being Bitcoin SV and another faction called ABC. However, the dust appears to be settling for now. Bitcoin SV is seen to be on the losing end.

Bitcoin Continues To have Fall

Lately, the crypto market crash news is making waves in the financial sectors across the Globe. Bitcoin SV no longer wants the name Bitcoin Cash but has chosen to opt out of it. They wish to support their own version of the network. ABC will be in charge of Bitcoin Cash. ABC won the race, due to the support it received from the Nakamoto consensus, which is basically the network of computers that supports the Bitcoin Cash. However, there are networks such as Ayre’s Coin Geek that will continue to support SV. Though the contest is resolved, the value of Bitcoin is down by more than 5 percent in the past 24 hours. Bitcoin has lost more than 30 percent of its value since November 14, Bloomberg reported.

The crypto market crashes on November 2018, when Bitcoin was down 40 points. There has been a constant downward trend in its value since last December and this trend has become quite persistent. This is more pronounced after the futures exchange launched on CME. In early 2018, the currency peaked north of $17,000. But today the same is trading 75 percent below the value at $4,400. However, some Cryptocurrency traders are optimistic though, as they feel that, long-term investors are more equipped to handle this plunge and certainly they will wait for the price to rebound, Bitcoin Altcoin News reported.

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Investors Are Laying Hands on Different Blockchain Projects

Blockchain project has found importance with the South Korean government.

Recently one can see a new trend among the investors and that is to make investments in different Blockchain projects. Early this year, the investors laid their hands on one of the top messaging operator – The Telegram. It eventually raised more than a billion dollars, in a bid to start its very own Blockchain. Very recently, the company has released a status update on the development of TON (Telegram Open Network). Though the matter was reported by a section of Russian Media, the circular was never published. There are many aspects of the project, which are around 90 percent complete.

Investment In Blockchain Projects – A lucrative business

Though the Blockchain project is overall 70 percent complete, it is impossible to predict now, as to how well it will work, when it goes live. One thing is certain, that TON will host many other cryptocurrency applications on its network. TON Virtual machine, which is an essential component needed for execution of smart contracts is supposed to be fully tested. However, the software development for block generation and validation is still much farther away. The validator software is just 10 percent complete. However, it must be born in mind that, that a big difference exists between what is there on paper and the actual world, the block crypto reported.

Blockchain projects are used for different purposes. Recently, in South Korea, Blockchain technology is being used to track beef. Blockchain has found importance with the South Korean government. The Government has earmarked a huge amount in the budget of 2019, in eight critical sectors that include Blockchain, Big Data and Artificial Intelligence. The technology is seen as having the potential to transform the world. Blockchain technology is even used in the country to pay out insurance claims. Blockchain technology now features in the syllabus of recently introduced courses in South Korea, according to a report by CCN.

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Wednesday, 21 November 2018

Bitcoin Falls More than 30 Percent, How Far Will Bitcoin Fall?

There is anxiety among the Bitcoin followers and they are asking, How far will the Bitcoin Fall?

Today if there is a question that is haunting many, and that is How Far Will Bitcoin Fall? Well, the world’s largest cryptocurrency has fallen to its lowest level in more than a year on Monday. If we analyze data from CoinDesk, Bitcoin has brought loses of more than 22 percent in the past seven days. After months of relative calm, the digital currency has started stumbling.

Bulls Pontificate, Where’s The End?

There is anxiety among the Bitcoin followers and they are asking, How far will the Bitcoin Fall? Not only Bitcoin but the two closest peers of Bitcoin also slid. Bitcoin cash slid as much as 15%. This has resulted in a kind of disruption of sell-offs for Cryptocurrencies. There are several reasons being offered for the Bitcoin crash and one of them is the launch of a new version of Bitcoin Cash. There is much concern among the traders if the action is driving investment away from the largest CryptoCurrency. The fall also comes after some warning from the European Central Bank.

Whatever be the reasons, now the concern is How Far Will Bitcoin Fall?  However, there are analysts who attributed Bitcoin’s continued fall to technical reasons. Actually, it is hard to predict, how far will Bitcoin Fall?  The currency had seen the epic rise after the American Holiday last year, reported CNBC. The currency topped $10,000 at the end of November last year, and worth almost $20,000 ahead of Christmas, and these were mostly driven by retail investments. There was a time when the currency had become a household name and a topic of discussion among the common masses. Some technical measures suggest more pain lies ahead.

The DMI, or the Directional movement index is showing biggest ever negative reading since 2016. There are some Skeptics who warn that this may only be the beginning, reported Moneyweb

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