Crypto Daily News | Blockchain Tests and Robinhood Candlestick Charts

In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app. Crypto Daily News: September 4th, 2018 Cryptocurrency News: Chinese Central Bank The People’s Bank of China (PBoC) has officially launched the beta testing phase of its blockchain trade finance platform, says local news outlet Shanghai Securities News. The Shanghai News source states the Shenzhen Central Sub-branch of the PBoC has entered its trial phase of the platform earlier than expected. This finance…

Scottish PRS Market Finds a Use Case in Blockchain

A Scottish property firm is teaming up with a local blockchain startup to create probably the world’s first Private Rented Sector (PRS) database. Property letting portal Citylets has announced that they and their new tech partner Wallet.Services will be creating a ledger that would tackle rising rents in Scotland’s residential sector. The company believes that their solution will become a useful tool for local councils applying to the Scottish ministers to have their area designated as a ‘rent pressure zone,’ for it will provide the relevant information procured from the letting agents. The…

Crypto Exchange ShapeShift Is Moving Away From Its No-Account Model

Cryptocurrency exchange ShapeShift has launched a new membership program that will eventually become mandatory for its users. Positioned as a loyalty program, the initiative will see the startup offer a range of benefits while also moving to start collecting some personal information from its users, essentially forming a pivot away from its “exchange without accounts” model. In a blog post, CEO Erik Voorhees wrote that “that last detail sucks” in reference to the plan to make the membership program mandatory, which will take place sometime later this year. Nothing that…

Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme

Bitcoin Dark (BTCD), a cryptocurrency that planned to compete with Bitcoin and has been around since 2014, has recently seen its price surge from about $20 to a $100 peak in a matter of hours, before correcting to $80 at press time. This means the cryptocurrency is currently up by over 277% in the last 24-hour period. Historical data shows its trading volume has also surged, form an average of about $100,000-$200,000 a day to nearly $1 million. The cryptocurrency, according to CoinMarketCap data, is currently traded on Poloniex and…

Chinese Central Bank Launches Testing Phase of Trade Finance Blockchain Platform

The People’s Bank of China (PBoC) has officially launched the testing phase of a blockchain trade finance platform, local news outlet Shanghai Securities News reported September 4. The Shenzhen Central Sub-branch of the People’s Bank of China, the central bank of the People’s Republic of China, has entered the trial phase of the so-called “Bay Area Trade Finance Blockchain Platform” earlier than scheduled. The platform is aimed at conducting trade and financing activities, such as accounts receivable and trade financing. At the same time, the platform provides a regulatory system…

Bitcoin Price Intraday Analysis: BTC/USD Near Breakout

Bitcoin on Tuesday continued its uptrend, rising close to 3 percent since its intraday low from yesterday. The BTC/USD pair today opened near 7272-fiat while correcting from its previous low around 7248-fiat. At the beginning of the Asian trading session, the pair stayed on a stable and steady uptrend. As the session matured, and European hours came into play, the uptrend intensified and eventually formed higher highs towards 7415-fiat. At the same time, BTC/USD continued to flirt with the Rising Wedge resistance level. BTC/USD Technical Analysis While BTC/USD continues to…

Robinhood Crypto App Adds Candlestick Charts Due to Popular Demand

Mobile trading app Robinhood is rolling out candlestick charts to “better inform” its users, the company announced Tuesday. After a rollout over the next two weeks, all Robinhood users will be able to see the new chart option – a tool traders use to monitor price activity – for each of the 16 different cryptocurrencies currently listed on the app, along with with the other stocks, options and exchange-traded funds offered, a spokesperson told CoinDesk. She explained: “Candlestick charts help investors better understand how prices move. They show the open,…

There’s a Problem With Crypto Funding – And Vitalik Just Might Have a Solution

There are free-riders in the cryptocurrency ecosystem. At least, that’s the contention of a new paper, shared with CoinDesk on Monday, written by ethereum founder Vitalik Buterin, Microsoft researcher Glen Weyl and Ph.D. of economics at Harvard, Zoë Hitzig. And free-riders pose a problem. Described in the paper, free-riders are people or businesses that profit from the under-provision of public goods. And, on top of that, “the more people [these public goods] benefit the more they will be under-provided.” It’s an issue that plagues development even outside the cryptocurrency space, but the…

Monero up 20% This Week as Bloomberg Report Injects Bullish Sentiment

Monero value this week has surged more than 20 percent after a report published by the Satis Group predicted robust bullish forecasts for the privacy-centric cryptocurrency. The XMR/USD pair on August 30 was trading at around 97.36-fiat after strong bearish sentiment rejected the previous upside near 110-fiat. The same day, Satis Group, a major ICO advisory firm, published a report predicting Monero among the significant price gainers within the next decade. Soon after the story hit the public domain, and got covered Bloomberg, the XMR/USD started to show strong upside…

Bitcoin Price Indicator Turns Bullish for First Time in 8 Months

The list of indicators signaling a long-term bullish reversal in bitcoin (BTC) continues to grow with each passing week. The latest to join the list is the MACD histogram, which has moved above zero – turned bullish – for the first time since January. The MACD, which oscillates above and below the zero line, is one of the most popular technical indicators used to determine a trend’s reversal and momentum. A bearish-to-bullish trend change is confirmed when the histogram moves above the zero line. On the other hand, a bearish…