Bitcoin Price Will Likely Fall to $1,500: Bloomberg Analyst

On the back of a grueling quarter, the bitcoin price could still see tougher times ahead. One analyst over at Bloomberg sees the flagship cryptocurrency possibly heading toward $1,500. Indeed, bitcoin had a dismal November, as part of a difficult year overall for the crypto market, though the past few days have seen slightly more stability from crypto’s largest asset. However, today it seems that the selling has resumed. Bitcoin has dropped nearly $200 already today, from just over $3,900 down to $3,739 as of the time of writing. BTC/USD…

Binance Showcases Decentralized Exchange Progress in Latest Video

Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange (DEX). Announced in March of 2018, the decentralized exchange will be built on Binance’s own Binance chain, the soon-to-be base layer for BNB, Binance’s trading currency that is currently an ERC-20 token. A December 4, 2018, YouTube video posted by Binance’s official channel showcases the work the Binance DEX has undertaken on the project since its last update. Displaying the exchange in a testnet view, a representative from the Binance DEX team gives viewers a rundown…

US Air Force Develops New Blockchain Tool

The grad school for the United States Air Force just developed a tool to help supply chain professionals learn about blockchain. The US Air Force Institute of Technology (AFIT) released its free tool in hopes of advancing the current infrastructure built around supply chain management. This news was released by the US business journal Modern Materials Handling (MMH) back on December 3rd. US Air Force and Blockchain Technology AFIT has put together a live application that is paired with a set of video tutorials. This application can be accessed from…

Coinbase Is Planning a Year-Long Decentralized Identity Experiment

One of the crypto industry’s biggest players is experimenting with ways to give its users more control of their personal information. Crypto exchange turned corporate unicorn Coinbase has a 17-person team currently exploring decentralized identity solutions. B Byrne, the product manager of Coinbase’s identity team, told CoinDesk he wants to “help people own more of who they are online.” Revealed exclusively to CoinDesk, Byrne’s approach relies on creating bridges between Coinbase products, such as its mobile wallet, with a built-in decentralized application (dapp) explorer. He explained: “I’m looking at dapps, and…

Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog post published Dec. 4. Per the announcement, both exchanges have introduced stablecoins USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) in a bid to keep the platforms “agnostic.” The four new stablecoins join the already supported Ethereum-backed coin DAI and the industry stalwart, Tether (USDT), all to be traded against USD. Explaining the move as an effort to provide an “unbiased meeting place” for crypto traders, the…

A Blockchain for Europe | A New Association Sets Out to Educate

It seems that blockchain ventures are popping up almost by the day. In order to promote understanding and regulation of blockchain and distributed ledger technologies (DLT), a ‘Blockchain for Europe’ Association has formed. The latest endeavor comes from four already pretty major and renowned blockchain companies that have joined forces to establish the Association. Blockchain for Europe The four members of the association are Ripple, the NEM Foundation, Emurgo, and Fetch.AI. But what’s the point of Blockchain for Europe? The companies want to address the European Union’s “fragmented” policy debate which surrounds and…

Bitcoin Looking to Retest This Year’s Low at $3,455

The bitcoin price on Wednesday plunged as much as 4.3 percent as the market continued to erase gains made during the weekend trading session. The BTC/USD index on Coinbase today established an intraday low at 3663-fiat after the 50-period moving average on the hourly chart capped the upside attempt. The pair nevertheless is trending inside two distinctive channels. As noted in our previous analysis as well, one of these patterns is a symmetrical triangle (depicted in bold purple). BTC/USD is testing the triangle support at the time of this writing…

Coinbase Adds Zcash to Retail Crypto Trading Service

Less than a week after adding privacy-focused zcash to its professional trading platform, crypto exchange Coinbase is opening trading to its retail customers. The company announced Wednesday that clients using coinbase.com or the Android and iOS apps can buy, sell, send, receive or store zcash, though residents in the United Kingdom and the U.S. state of New York will not immediately have access to these services. The move comes on the heels of Coinbase Pro adding support for zcash last week. At the time, the platform announced that only residents…

7 Major EU Countries to Go Big on Blockchain, What It Means for Crypto

On December 4, seven EU countries led by Malta and France have established a group called the “Mediterranean seven” to encourage and promote the usage of blockchain technology. In the months to come, the seven countries that include France, Italy, Spain, Malta, Cyprus, Portugal and Spain, will work to implement the blockchain in education, transport, mobility, shipping, Land Registry, customers, company registry, and healthcare. The declaration obtained by FT read: “This can result not only in the enhancement of e-government services but also increased transparency and reduced administrative burdens, better…

Aion Token Project Estimates 18-Month Runway After Bitcoin and Ether Sales

Cash is king – especially during a crypto winter. That’s the takeaway from a report out Wednesday from the Aion Foundation, which raised $23 million worth of bitcoin and ether through a token sale in October 2017. Compiled with the help of Deloitte, though not formally audited by the Big Four accounting firm, the report details how Aion has been managing its crypto war chest. According to Aion Foundation CEO Matt Spoke, the foundation has sold off half of the bitcoin and ether it raised for fiat. The sales were…