Binance Blockchain | Binance to Launch the Binance Chain

If it wasn’t enough for Binance to be the biggest crypto exchange by trading volume in the world, such is its popularity that it will now launch its own blockchain. Dubbed the ‘Binance Chain’ (give that genius a can of coke), the new blockchain is due to arrive in the “coming months” according to a Tweet today. The Binance Blockchain The Tweet gave a little more detail. It said the following: “Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the…

Breakout Inbound? Bitcoin Price Sets $4,000 as Upside Target

The bitcoin price on Tuesday jumped as high as 6.1 percent against the US Dollar but failed to sustain a bullish momentum. The BTC/USD index is trading at 3910-fiat at press time, up 4.5 percent from the intraday low at 3741-fiat. The pair is undergoing a pullback action after failing to sustain its run above 4000-fiat. The said level still has a lot of bearish activity going around while an equally strong buying sentiment can be seen at 3741-fiat, which has reversed downside corrections twice in the past 36 hours.…

EOS, BCH among Worst Crypto Assets as Top Coins Correct Lower

EOS continues to face more rapid capitulation than its peer blockchain projects after falling another 11% in a day. The EOS/USD rate on Tuesday established an intraday low at 2.41-fiat, down 28.27% from its weekly high at 3.36-fiat. Meanwhile, the maximum drop noted in the EOS market capitalization this week touched $861 million, according to the data available at CoinMarketCap.com. EOS/USD 7D MARKET CAP AND PRICE | SOURCE: COINMARKETCAP.COM The downside action in the EOS market stems from uncertainties related to the blockchain that powers the token. Investors and traders are…

Major Indian Business School Issues Blockchain Certs to Combat Fake Degrees

India’s top ten business school, SP Jain School of Global Management, has issued 1,189 blockchain-based certificates to graduands who recently obtained degrees and professional certifications. The certificates which are now live on the Ethereum blockchain will allow prospective employers and other parties to verify the authenticity of a job seeker’s educational qualifications without having to contact the business school. The validation process is intuitive and technical know-how will not be necessary, according to Business World. Neither will additional software or specialized equipment be required as all that a prospective employer…

Bitcoin Price Watch: BTC/USD Facing Major Resistance Near $4,150

Key Points Bitcoin price declined further below $3,900 and traded towards the $3,750 level against the US Dollar. There are two important bearish trend lines in place with resistance near $4,080 and $4,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a lot of offers near the $4,100-4,150 resistance area in the near term. Bitcoin price declined towards the $3,750 level against the US Dollar. BTC/USD is recovering, but it could find a strong resistance near $4,080 or $4,150. Bitcoin…

Thailand Revenue Department to Track VAT Payments using Blockchain

In 2014, the Revenue Department of Thailand had arrested many individuals and investigated about 60 companies for defrauding the department out of $18.29 million worth of baht in value-added taxes (VAT). Since and before, the department has been unable to track a majority of such tax defaulters, losing billions of dollars in the process. So could blockchain be the solution that could minimize tax frauds? The director-general of the Revenue Department believes it can. Ekniti Nitithanprapas, in his latest comments to the Bangkok Post, revealed that their department is conducting a…

G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting

Leaders from the Group of 20 nations reiterated their pledge to regulate “crypto-assets” as part of a communique released Sunday after a meeting in Buenos Aires. In a declaration titled “Building consensus for fair and sustainable development,” the G20 participants committed to a number of measures to help grow the global economy. As in past meetings of group members, the document highlighted cryptocurrencies as one area in need of greater regulation. “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we…