Blockchain Based Financial Services Provider R3 Operating in the Red

Sources at Blockchain consortium R3 say despite claims of millions raised in funding the company is floundering and could be insolvent by next year, as reported by Fortune. R3’s Finances Laughable R3 which started off in a promising position in 2014 when it launched as an invitation-only consortium providing blockchain based services to major banks is reported to be… Read More »

Search Giant Baidu Is Launching a Blockchain Space Game

Chinese search giant Baidu revealed on Friday that it is launching a blockchain gaming app, just days after it revealed a proprietary platform called SuperChain. Dubbed Du Yuzhou – which means “The Universe” in literal translation – the game depicts a blockchain-powered space journey where users, by participating in the blockchain, would receive “elements” to build their own planet.… Read More »

EOS Bug Bounty Update: Researcher Earns $120K in a Week Highlighting Bugs on The Platform

One is tempted to reference words by our parents or guardians with respect to working hard in school for one day it will pay off. One software researcher must have taken these words to heart for he is $120,000 wealthier for his efforts in uncovering bugs on the EOS platform in a period of less than a week.… Read More »

Japan Issues First Official Rejection of Crypto Exchange License Application

Advertisement Get exclusive analysis and cryptocurrency insights on for just $39 per month. Two business suspension orders and three on-site inspections later, Japan has handed down its first-ever official rejection of a cryptocurrency exchange application. Announced by Japan’s financial regulator, the Financial Services Agency (FSA) on Thursday, the authority accused Yokohama-based FSHO of being a “corporation that… Read More »

Bitcoin Price Watch: Can BTC/USD Hold 100 SMA?

Key Points Bitcoin price struggled to move above the $7,750 resistance and started a downside move against the US Dollar. There was a break below a major connecting bullish trend line with support at $7,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $7,600 support and the 100… Read More »

Tron (TRX) Price Analysis: Early Selloff Signal But Long-Term Bottom Still Holding

Tron is making its way below the short-term consolidation triangle previously highlighted, signaling that bears are gaining the upper hand. The longer-term triangle bottom still seems to be intact, though, but a continued drop could draw more sellers in. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to… Read More »

Tron Coin [TRX] Goes Independent Separates Itself From ERC20 Tokens

After announcing its MainNet on 31st May, Tron coin stakeholders joy was doubled when the foundation announced that it will no longer continue with ERC20 tokens and has discontinued it from its website. It was also announced that Tron MainNet will work independently starting   June 25, 2018, Singapore Time As reported on company’s medium channel ERC20 deposit services… Read More »

Bitcoin (BTC) Price Analysis: Rejected at $7,700 Again!

Bitcoin is encountering a ceiling once more and is now inside a new triangle pattern. Bitcoin is consolidating inside an ascending triangle pattern as it formed higher lows and found resistance around $7,700. Price was rejected at the resistance again and looks ready for a test of support around $7,600. A bounce off this area could take bitcoin… Read More »

Binance Leads $12 Million Investment In AngelList Crypto Spin-Off Republic

Invented to democratize access to funding, it could be argued the crypto token hasn’t quite lived up to its goal. Already gone are the days when any investor could get access to the next big offering (most early issuances, it seems, are now catering to the same stable of Silicon Valley VCs). But one new project is looking to… Read More »

Cardano Price Analysis: ADA/USD at Risk of More Declines

Key Highlights ADA price is currently under pressure and is just holding the $0.2020 support against the US Dollar (tethered). There is a major bearish trend line formed with current resistance at $0.2100 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could decline further if sellers succeed in pushing the price below… Read More »