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According to China’s Office of the Central Cyberspace Affairs Commission (OCCAC), the third round of blockchain projects towards approval by the Chinese regulators is taking off. The latest addition to the commission’s registry is 224 distributed ledger technology (DLT) ventures and it includes leading technology companies Alibaba, Baidu and China Mobile. It seems that the news was first revealed by a Twitter user AliceolaCrypto on April 26: “#China has just announced the 3rd batch list of #blockchain filings, 224 projects approved…

ETH/USD Pair Price Analysis Over the previous few sessions, the ETH/USD pair has been performing within a wide range over $190. The pair tried severally to surge under the supports at $190 and $188, but could not make it happen. The pair was able to form the recent swing low close to $188 prior to regaining bullish momentum. It surged over $190 and the 100 hourly SMA. The buyers took the pair above the $195 barrier for a change in…

CipherTrace has released a new product known as Armada today. The purpose of the product is to assist banks in uncovering the risks known with cryptocurrency exchanges. Every year, without knowing, banks in the U.S. process up to $2 billion in cryptocurrency funds. However, 80 percent of the banks process them for illicit money services businesses. The Silicon Valley-based blockchain analysis company noted that Armada will help banks in dealing with this issue and remain compliant with anti-money laundering laws. The product…

Facebook’s Libra is still facing barriers as it is trying to come up with a new international payment system and financial infrastructure. Recently, Binance Research released a report which noted that the cryptocurrency project may turn things around in the payments industry similar to the transformation within the space travel industry by SpaceX. Last year, Facebook said it was planning to launch Libra, a digital currency to be managed by the Libra Association, a Swiss-based consortium of independent members. The…

ETH/USD Pair Price Analysis The ETH/USD pair tried severally to surge above the barrier zone between $198 and $200, before it began a downside retracement. It appears that it is following a bearish pattern from the $198 barrier. The recent swing low was close to $188 while the recent high was $195. At the moment, the pair is moving downward and visiting $192. The immediate key support is close to $190 and the 100 hourly SMA. The failure to remain over…

There has been a considerable growth in investors’ interest for Ethereum. With such growth it means investors are willing to pay a high price towards the diversification of their portfolio. This helps them in utilizing an investment vehicle that meets regulatory requirements, neutralizing part of the risks that come with more traditional means of investing in cryptocurrencies. The asset management company known as Grayscale Investments has claimed the purchase of about 50% of all of the Ethereum mined this year. Grayscale…

The growth of Bitcoin mining space has been exponential over the past years. When Bitcoin first emerged, mining depended on personal computers and GPUs. Currently, mining involves exceedingly well-organized mining pools that depend on cutting-edge ASIC miners. Due to the growth in scale of operations, people have been questioning the environmental cost involved in Bitcoin mining. Marco Streng of Genesis Mining talked about large-scale mining operations in the recent episode of the Untold Stories podcast. He discussed the environmental effects and the challenges related…

ETH/USD Pair Price Analysis The ETH/USD pair incurred bullish moves mostly over $190 in the previous few sessions. The pair is trying to gather momentum over the barrier zone between $198 and $200. A look at the downside on the pair’s hourly chart shows the formation of a robust support close to $194 and $195. An important observation is the formation of a major bullish trend line with support close to $194. A look at the upside reveals a critical…

In recent times, accounting company Ernst & Young held Blockchain Summit 2020 online. During the summit, the company’s blockchain leader, Paul Brody, noted that Ethereum is the best for blockchain-based industry solutions. The leader said the major thing is to focus on taking advantage of the public blockchain and all of its available tools and developers. Brody highlighted the necessity of the company’s blockchain initiatives to avoid private blockchain solutions. Blockchain will only be able to meet expectations if enterprises…