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Tag Archives: VeChain

Fantasy Football Club Crown League to Use Blockchain to Operate eSports Platform

Fantasy sports club the Crown League announced today the launch of the first blockchain-based professional fantasy football league that will run in tandem with the upcoming National Football League (NFL) season. Players will be able to own part of their fantasy franchises, as well as the league, through the blockchain, which will grant them rights to revenue sharing and governance. ...

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Maduro Mandates Venezuela’s Petro to Become Second National Currency

Facing hyperinflation as well as international sanctions that have brought Venezuela to its knees, controversial President Nicolás Maduro has mandated that his recently-developed Petro cryptocurrency become the nation’s second official currency. Maduro Adopts the Petro as Venezuela’s Second National Currency The news was announced by Maduro in a televised address today, and will officially be in place by August 20, when the “sovereign Bolivar” will ...

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Bitcoin Mining Monopoly Bitmain May Branch Out From Crypto

Cryptocurrency investors are not getting any respite from the bearish mood of the market as, once again, Bitcoin dipped below $6,000 to reach a near 2018 low on Tuesday. The market has been hit by uncertainty over the upcoming cryptocurrency regulations from various jurisdictions across the world, and in the middle of all of this, arrives the rumours of Bitmain’s ...

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Crypto Markets Continue to Decline, Tokens Especially Affected by Bear Market

The cryptocurrency markets continue to fall despite strong fundamentals, and the market decline has been largely led by tokens.  The continued decline precedes a short lived, yet promising, rally when Bitcoin rose to approximately $8,400 on July 24th before gradually falling to lows of $6,100 on August 10th. Major Tokens Setting New Yearly Lows Although Bitcoin has fallen nearly 30% ...

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Ethereum Price Analysis: ETH/USD Could Drop To $200-220

Key Highlights ETH price extended declines and dropped below the $260 support zone against the US Dollar. Yesterday’s highlighted crucial bearish trend line is intact with resistance at $305 on the hourly chart of ETH/USD (data feed via Kraken). The pair may well correct a few points higher towards $277-280, but it is likely to face sellers. Ethereum price dropped ...

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Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading

A joint committee of Saudi Arabia’s regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the “high risks” associated with digital asset markets. Trading Venues Falsely Advertise as Being Regulated by Saudi Arabia The news broke via a statement posted to the Saudi Arabian Monetary Authority’s website yesterday. It claims that virtual ...

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Australia’s Biggest Bank Launches World’s First Blockchain Bond With World Bank

Australia has maintained a Blockchain-friendly position with its government-backed exploration of Blockchain technology for various applications. Now, it is getting ready to issue the world’s first Blockchain bond upon being mandated by the World Bank. Australia to Create Distributed Ledger Bonds The Commonwealth Bank of Australia (CBA) will reportedly create, allocate, transfer and manage the bond using Blockchain technology. The ...

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Litecoin (LTC) Technical Analysis

Fortunately for traders and Litecoin enthusiasts, this deep bear market might be a good time for adoption according to Charlie Lee. Of course, since time immemorial, mass adoption of any product-centralized or otherwise attracts value and Litecoin is no exception. In the meantime though, Litecoin as well as most coins in the top 10 are registering double digit losses as ...

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