VeChain Signs MoU for Blockchain Development with Cyprus

Singapore-based blockchain platform VeChain Foundation, U.S. blockchain startup CREAM, and the national investment partner of the Republic of Cyprus, Invest Cyprus, have signed a Memorandum of Understanding (MoU), per a press release published Oct. 26. The MoU is focused on establishing a framework in the field of blockchain technologies and related use cases. Per the MoU, the parties will work on a number of national level investment strategies, which involve blockchain-powered economies and promote blockchain technology, particularly in financial services. The agreement also aims to inform government policy making in…

Binance Introduces Blockchain-Based Donation Website at UN Conference

The Blockchain Charity Foundation (BCF), a social project of the world’s largest crypto exchange Binance, has introduced its blockchain-powered donation platform, Binance Blog revealed Friday, Oct. 26. The donation project was announced Wednesday, Oct. 24, during the World Investment Forum organized by the U.N. Conference on Trade and Development (UNCTAD) in Geneva, Switzerland. At the forum, Binance CEO Changpeng Zhao — also known as CZ —  took part in the Blockchains for Sustainable Development session. He said that Binance will cover all operational fees on the new BCF blockchain charity…

New Ethereum-Based Token to Be Backed by Bitcoin

U.S. crypto wallet and blockchain security firm BitGo has announced the development of an Ethereum (ETH)-based coin backed 1:1 with Bitcoin (BTC), according to an official blog post Friday, Oct. 26. The announcement reads that Wrapped Bitcoin will provide users with a “wide variety of new decentralized use cases including on decentralized exchanges (DEXs), as collateral for stable coins or lending, for payments and flexible smart contracts within the Ethereum ecosystem.” Major decentralized projects like Kyber Network, Gnosis, MakerDAO, and others will power the launch of the new ERC-20 coin’s…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 26

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Regulations are a double-edged sword. If utilized correctly, they can infuse confidence among institutional investors but if implemented incorrectly, they can drive away investors. Using traditional methods to regulate a new asset class can lead to disaster. Japan’s Financial Services Agency (FSA) has shown…

Net Neutrality Killer Ajit Pai Casts an Eye over Regulating Blockchain

The man who killed net neutrality in the US is racing-up with innovations like blockchain to effectively regulate them. Ajit Pai, the chairman of the US Federal Communications Commission (FCC), said that his office would be looking into the emerging technologies for their potential impact on the telecom sector. Naming artificial intelligence, machine learning, and quantum computing alongside blockchain, the 45-year old telecom regulator added that their regulatory frameworks would evolve according to the growth of the firms in these “dynamic industries.” “We don’t have jurisdiction over these firms, but…

BTC/USD Predictable amid Low Volume

The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every pullback action. At the same time, the quoted US Dollar index (DXY) recently posted yearly highs at 96.62-fiat but retraced back to the nearby support level at 96.08. The reverse correlation between BTC and DXY continues…

IBM’s New Blockchain Problem: Maersk-Backed Shipping Effort Is Struggling

It’s hard enough to get enterprises that compete with each other to work together as a team, but it’s especially tricky when one of those rivals owns the team. Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains. Some 10 months ago, the project was spun off from Maersk (the largest container shipping company on the planet) into a joint venture with IBM. But in that time the network has enticed only one other carrier onto…

Bitcoin Price Watch: BTC/USD Remains Vulnerable Below 100 SMA

Key Points Bitcoin price failed to move above the $6,400-6,410 resistance area against the US Dollar. There is a key bearish trend line in place with resistance at $6,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading below the $6,410 resistance and the 100 hourly simple moving average. Bitcoin price is trading lower within range below $6,410 against the US Dollar. BTC/USD could revisit the $6,370 or $6,350 support levels if sellers gain control. Bitcoin Price Analysis Recently, there was a…

Cardano Price Analysis: ADA/USD Could Drop Towards $0.070

Key Highlights ADA price failed to move above the $0.0770 and $0.0800 resistance levels against the US Dollar (tethered). There is a crucial bearish trend line in place with resistance at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently at a risk of a downside break below the $0.0740 support in the near term. Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD is likely to slide further towards the $0.0720 and $0.0700 support levels. Cardano Price Analysis…

Is Bitcoin Primed to Initiate a Rally Above $7,000 After Weeks of Stability?

Throughout the past ten days, the Bitcoin price has remained in a tight range from $6,300 to $6,500, rarely initiating a noticeable movement. The 1-day price chart of Bitcoin, as shown below, demonstrates nearly two weeks of stability in the lower price range of the dominant cryptocurrency, unable to engage in a short-term upside movement to confirm a breakout above a major resistance level. In the past 24 hours, the volume of BTC has fallen back to $3.1 billion from $3.5 billion, by more than 10 percent. The lack of…