Insurer L&G Uses Amazon Blockchain Service for Pension Deals

&038 General has turned to Amazon’s to what it is the first system for pension deals.
Source: cryptscout
Insurer L&G Uses Amazon Blockchain Service for Pension Deals

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Legal & General Partners With Amazon to Use Blockchain for Pension Deals

n Legal &; General partnered with to of its Amazon Managed for recording and updating bulk annuities transactionsn
Source: cryptscout
Legal & General Partners With Amazon to Use Blockchain for Pension Deals

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Legal & General Partners With Amazon to Use Blockchain for Pension Deals

n &; partnered with to make use of Amazon Managed for recording and updating annuities transactionsn
Source: cryptscout
Legal & General Partners With Amazon to Use Blockchain for Pension Deals

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Bitcoin News Summary June 10, 2019

The post Bitcoin Summary &8211 10, 2019 appeared first on 99 .nHeres this week in Bitcoin in 99 seconds. Americas and Exchange Commission filed a complaint against popular app creator, , for failing to register its recent Kin ICO as a securities sale. The SEC is seeking to impose a $100 million fine on the Canadian firm the same …n
Source: cryptscout
Bitcoin News Summary June 10, 2019

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OKEx Gives away EUR65,000-worth Bonus in Celebration of Litecoin Halving

Starting from today to 11, 2019, OKEx users with a minimum of 2 LTC net deposit will receive around EUR2.6-equivilent of tokens out of the EUR26,000-worth bonus pool. Users who have traded a minimum accumulated amount of 0.5 LTC on the fiat-to-token (C2C) market will also get a random amount of bonus between 1-100 USDT-equivalent of tokens out of the EUR39,000-worth bonus pool.

How to buy Litecoin (LTC)?

OKEx offers a wide range of products to cater both crypto beginners and institutional clients. As a gateway to digital assets , fiat-to-token (C2C) platform allows users to buy and sell Litecoin (LTC) and other cryptocurrencies with six fiat currencies, including British Pound (GBP), Chinese Renminbi (CNY), Vietnamese Dong (VND), Russian Ruble (RUB), Euro (EUR), and Turkish Lira (TRY).

“As Litecoin Foundation Director Franklyn Richards mentioned before, LTC has reached its highest-in-history hash-rate. Its current bullish trend appears as a sign of community support for the network, and we also have faith in the coin,” said Andy Cheung, Head of Operations of OKEx. “We want to share with the community. This is just our round of promotion on LTC. Be prepared for more to come!”

Read More

Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

 OKEx

OKEx is a world-leading digital asset headquartered in Malta, offering comprehensive digital asset trading including fiat-to-token trading, spot trading, and derivatives trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.

 






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OKEx Gives away EUR65,000-worth Bonus in Celebration of Litecoin Halving

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Progress from Request

Progress from Request submitted by /u/EmmanuelBlockchain
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Progress from Request

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Bitcoin 2019 Price Run Was Driven By Real Transaction Growth: Analyst


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A new experimental metric is featured in the latest cryptocurrency news, indicating that the 2019 price run was triggered by real and confirmed transaction growth. The quality of activity, as the metric shows, allowed to clock a 28-week high last Saturday, signaling that the cryptocurrency’s latest price rally may be more fundamentally driven compared to many expect.

Named the Transaction Amount to Active Addresses Ratio (TAAR), the metric was proposed by the Pugilist Ventures Founder Chris Brookins, who divided the 24-hour adjusted transaction volume (USD) of Bitcoin with the number of its active addresses, identifying how much each of the active addresses spends in transactions per day, on average. Brookins found that the Bitcoin 2019 price run was signaled from this ratio.

For those of you who don’t know or are unfamiliar with the TAAR ratio which is a viral topic on many best cryptocurrency news sites

If the TAAR is high, it means that each user (active address) is transacting in high notional values. In other words, TAAR was high over the past couple of weeks during the Bitcoin 2019 price run which showed that the network “quantity” (how much is being spent i.e. transaction volume) was high per the “quality” (how many users are spending the funds from active addresses).

So, the TAAR’s quantity and quality matched and were both high. This is how a positive reaction in Bitcoin’s market occurred. Since April of 2013, the oldest data point (as we can see from Coinmetrics) has been this one – making it clear that the Bitcoin 2019 price run entered a sustainable trend when it was accompanied by a TAAR trend in the direction.

As the chart associated with TAAR indicate, the Bitcoin 2019 price run was impressive. When seeing the network activity, Bitcoin managed to escape its bear market in 2015 with the same technical traction.

However, weeks ago, this added fundamental validation to the Bitcoin price growth at the time, which is often a victim to pure speculation. And what’s most interesting is the fact that the Bitcoin TAAR performance is once again rising, indicating that the bear market may be over soon and that corrections in price should be expected – both in the Bitcoin as well as the coming altcoin news.

The Bitcoin 2019 Price Run Was Driven By Real Transaction Growth: Analyst appeared first on DC Forecasts – Leading Digital Currencies.


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Bitcoin 2019 Price Run Was Driven By Real Transaction Growth: Analyst

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Bitcoin Is Vulnerable, Mayor Buying Zone Is Below $6,800: Analyst

bitcoin is vulnerable


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According to analysts featured in our latest cryptocurrency news, is vulnerable as it is still correcting below the $8,000 mark. Despite the stability of BTC over the past 24 hours, there are changes that the pullback could accelerate – mostly because BTC failed to close above $8,000 yesterday. Right now, a lot of traders and analysts are looking at the next major buying zones.

As we can see from Bitcoin’s performance over the past 24 hours, the dominant cryptocurrency has been relatively flat. It suffered a drop to $7,600 before retracing to the current level at $7,750 which showed that Bitcoin is vulnerable. The intraday high for BTC has been established around the $7,900 level but started consolidating around $7,800. The daily volume is also on the decline as Bitcoin dropped to $20 billion on the day activities.

Traders and analysts are viral on many best cryptocurrency news sites for their current outlook as the path of resistance is slowing down. With this, it is certain that Bitcoin is likely to fall back to support at $7,600. One of the analysts featured in the crypto currency was Alex Kruger, who has been looking at the current possibilities. As he wrote on Twitter:

“$BTC still vulnerable. Longs once above $7900-$8000 (higher) or on panic flushes (lower). Next support: 7600-7435, 7200, 6800, 6400.
6800 is major, determined by all three price action, moving averages (50DMA) and fibs (Dec lows to 2019 highs). 6400 is the bull market level.”

A new retracement to the 50 day moving average is pretty much exactly at $6,800. Since Bitcoin is vulnerable, this will likely serve as a buying zone, Kruger added:

“I see the 6800-6200 area as a gigantic buying area. I do not know if price will drop there. I know what I’ll do if price drops there.”

Another fellow trader named Josh Rager commented that Bitcoin is condensing regarding price range – which may lead to another volatile move very soon.

The crypto trader ‘Moon Overlord’ also stands on the side saying that Bitcoin is vulnerable. He echoed his sentiment adding a chart which depicts the previous big corrections, stating:

“If you think #bitcoin is in a bull market and are looking to buy the dip, look to the previous run for templates. The largest dip was barely -40%, most are in the -30%’s. A -30/-40 % dip from here coincidentally lines up with the strongest support in the high 5000’s low 6000’s.”

It seems like Bitcoin is also gaining a negative traction in the latest altcoin news. As we can see, many altcoins are in the red and following the moves of BTC.

The Bitcoin Is Vulnerable, Mayor Buying Zone Is Below $6,800: Analyst appeared on DC Forecasts – Leading Digital Currencies.


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Bitcoin Is Vulnerable, Mayor Buying Zone Is Below ,800: Analyst

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Ripple Promises Higher Degree of Accuracy in XRP Volume and Sales Reporting

Ripple, the company behind settlement-oriented crypto asset XRP, promised a higher degree of accuracy for XRP volumes and sales in a post published on 3.

In announcement, Ripple cites reports fake cryptocurrency volumes, such as the one recently released by United States-based asset manager Bitwise, which that 95% of (BTC) volume is fake. However, a new report by Bitwise also claims that fake volumes by crypto exchanges do not impact bitcoin’s price.

The firm promises to take steps to address these concerns by collaborating with partners in the space, evaluating its approach to XRP data reporting and “taking a more conservative approach to XRP sales this quarter.” Ripple notes that, as a consequence, XRP’s sales in the second quarter of 2019 will be considerably lower than in the first quarter.

The target of 20 basis points will also likely be cut to under ten, less than half of what it was before. On May 16, 2019, Coin Metrics released a report detailing discrepancies in Ripple’s escrow reporting , describing inconsistencies that allegedly required explanation.

In line with accuracy in reporting data, crypto market cap tracker CoinMarketCap (CMC) announced a new alliance called the Data Accountability & Transparency Alliance at the beginning of May. CMC also noted at the time that it would remove exchanges from its calculations if they fail to provide mandatory data by June.

As Cointelegraph has previously reported, a report released in January claimed that the market capitalization of distributed ledger tech company Ripple’s XRP token could be overvalued by as much as $6 billion.






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Facebook Cryptocurrency Project To Be Announced This Month: Report

facebook cryptocurrency project


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A new report is viral in the coming altcoin news, showing that the dominant social network is ready to officially unveil its crypto project this . As the report notes, the cryptocurrency project will also allow employees to take part of their salaries in the coin, as CNBC reported on June 5.

The Facebook cryptocurrency project has been a hot topic that was re-shared on many best cryptocurrency news sites over the past couple of months. This time, CNBC cites a report by The Information and states that Facebook plans to cede control of the cryptocurrency to outside parties in order to ensure that the digital asset won’t be entirely centralized.

However, third party organizations will allegedly pay as much as $10 million dollars for the opportunity to act as nodes – and validate transactions – in the network which will include Facebook’s native token. The rumored Facebook cryptocurrency project is actually a stablecoin which will purportedly be integrated in the form of a payment tool on WhatsApp, Messenger and Instagram.

Reports in the altcoin news show that the apps (WhatsApp and Facebook Messenger) as well as the sister company of Facebook, the popular social media network Instagram will all be aided by the Facebook cryptocurrency project – which will also be accessible through physical ATM-like machines, according to The Information.

The Facebook stablecoin has been a topic of much speculation. It seems like the project was featured in the latest cryptocurrency news every week – and as it seems – this is happening again. Since Facebook revealed only a little about their cryptocurrency project, there was a lot of buzz on many sites.

Earlier this week, for example, the Financial Times reported that the United States Commodity Futures Commission (CFTC) is in active talks with the social media giant about the Facebook cryptocurrency project.

In May, Facebook also acquired the “Libra” trademark for this secret project. At the time, sources familiar with the matter claimed that Facebook was recruiting financial firms in order to develop the coin – and that the project name will be Libra. Later that month, Facebook also registered a new financial tech firm called Libra Networks LLC in Geneva, Switzerland.

The Facebook Cryptocurrency Project To Be Announced This Month: Report appeared on DC Forecasts – Leading Digital Currencies.


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Facebook Cryptocurrency Project To Be Announced This Month: Report

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