IBM Hints at Entering the Stablecoin Arena

IBM Hints at Entering the Stablecoin Arena 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

IBM Hints at Entering the Stablecoin Arena Jesse Lund, head of blockchain solutions at IBM, has just hinted that the tech company has plans to explore stablecoins in an interview with Cheddar yesterday. Lund did not disclose when this venture may debut but said it would be on its World-Wire platform. IBM and Stablecoins IBM began its venture with Stellar in late-2017 and finalized most of its plans in mid-2018. Stellar is an open-sourced, decentralized protocol that focuses on transfers between fiat currency and digital currency. Lund told Cheddar that US banks…

Analyst: New Zealand Tragedy Stunned Markets, Launched Gold to $1,300

Analyst: New Zealand Tragedy Stunned Markets, Launched Gold to $1,300 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

New Zealand Tragedy Stunned Markets, Launched Gold to $1,300 In the wake of a historically dreadful shooting in New Zealand, one of the statistically safest countries in the world, you would be forgiven for thinking that financial markets would be reeling from the horror of seeing 49 people gunned down. NZ is not the United States in terms of gun violence – the last time that more than ten people died in a shooting was 1990, nearly 20 years ago. Instead, there was an apparent bout of risk-on, with major…

‘No Change’ to Bitcoin Futures Plans, CME Says, as Cboe Pulls Back

'No Change' to Bitcoin Futures Plans, CME Says, as Cboe Pulls Back 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

‘No Change’ to Bitcoin Futures Plans, CME Says, as Cboe Pulls Back It’s business as usual for CME Group’s bitcoin futures market, despite a retrenchment by rival derivatives exchange operator Cboe Global Markets. Contacted by CoinDesk Friday, a spokesperson for CME said the exchange has “no changes to announce re our bitcoin futures contract” and declined to comment on Cboe’s pullback. The affirmation is notable in light of the news Thursday that Cboe will not add a bitcoin futures contract for trading in March. This means that after the last…

Trader: Bitcoin Bull Market Won

Trader: Bitcoin Bull Market Won 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Trader: Bitcoin Bull Market Won In the past seven days, the valuation of the crypto market has increased from $131 billion to $137 billion as the Bitcoin price slightly recovered to $3,960. Bitcoin Stagnancy Shows No New Money Entering Crypto Market The minor movement in the price of bitcoin despite the significant surge in the price of alternative cryptocurrencies suggest that existing money in the cryptocurrency market is moving – but new money is not flowing in. Speaking to CCN, a cryptocurrency technical analyst known as DonAlt said that there…

Bittrex Exchange Nixes RAID Token Sale at 11th Hour

Bittrex Exchange Nixes RAID Token Sale at 11th Hour 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bittrex Exchange Nixes RAID Token Sale Cryptocurrency exchange Bittrex said it canceled an “initial exchange offering” (IEO) just hours before it was set to launch. The RAID Project had planned to raise $6 million through the sale of a token called XRD to the exchange’s customers. But Bittrex said it called off the sale after learning that the issuer’s strategic partnership with an e-gaming data analytics company OP.GG had been abruptly terminated. That alliance “was a vital part of the RAID project,” Bittrex said in a statement. “When Bittrex International became aware…

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Trading Volume Tops $11 Billion For First Time Daily trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions. Interestingly, the amount…

Crypto Exchange Bittrex Cancels Its First ‘Initial Exchange Offering’

Crypto Exchange Bittrex Cancels Its First ‘Initial Exchange Offering’ 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Crypto Exchange Bittrex Cancels Its First ‘Initial Exchange Offering United States crypto exchange Bittrex has cancelled its first token sale, dubbed an Initial Exchange Offering (IEO), which it had been planning to host on its Malta-based counterpart, Bittrex International. The news was announced in an official statement published on March 14. Earlier this week, Bittrex International had announced plans to host the IEO today, March 15,  allowing investors to use Bitcoin (BTC) to purchase “XRD” tokens, developed by international gaming data blockchain project, Raid. In yesterday’s announcement, the exchange outlined…

Strong Bitcoin Volumes Bode Well for Price Breakout

Strong Bitcoin Volumes Bode Well for Price Breakout 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Strong Bitcoin Volumes Bode Well for Price Breakout View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. Trading volumes have been strong since the corrective rally kicked off in early February, so a range breakdown looks unlikely. Prices could first see a drop below $3,865 (March 12 low) due to the extended consolidation.…

Bitcoin (BTC) Price Watch: Important Reversal Signs Emerge

Bitcoin (BTC) Price Watch: Important Reversal Signs Emerge 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin (BTC) Price Watch: Important Reversal Signs Emerge Bitcoin price made a few swing moves above the $3,800 and $3,830 supports against the US Dollar. The price managed to settle above the $3,850 level and the 100 hourly simple moving average. This week’s major bearish trend line with resistance at $3,845 was breached on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair tested the $3,870 level and it is currently consolidating, with positive signs. Bitcoin price climbed above key resistance levels against the US Dollar.…