UAE’s Al Hilal Becomes First Islamic Bank to Issue Bond on Blockchain

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction on a blockchain. In a secondary market deal, Al Hilal Bank used blockchain technology to resell and settle a portion of a US$0.5 billion Sukuk issued two months ago and scheduled to mature in September 2023. According…

Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Monday continued its crash course despite showing gains during the early Asian trading session. The digital currency attempted a go at its yearly low at ~$3,455 after reversing from its intraday peak at $4,115. That overall marked a circa 14 percent crash, setting standards for a further bearish action. The BTC/USD index at press time is trading at 3581-fiat, eyeing potential support…

Ohio Accepts Bitcoin for Tax Payments

As Bitcoin heads down the slope, the State of Ohio has just made a move that actually champions the ailing coin. And it’s a vital time for such a move. Ohio has decided to accept Bitcoin for tax payments, becoming the first state to do so. Not only is this move momentous in terms of institutional approval, but its timing is also impeccable—casting a silver lining to what has been a very dark cloud for Bitcoin. Ohio Accepts Bitcoin in the Nick of Time The initiative begins now. Ohio businesses…

A Blockchain Ranking Machine to Select Promising Science-Focused Venture Projects

For every Da Vinci funded by the Borgias and Edison patronized by Ford, there are tens, if not hundreds of inventors and genius scientists, whose innovations have never been noticed. In many cases, it was the inability to attract investors that buried promising technologies. A startup called ScientificCoin, based in California, aims to have a solution for this centuries-old problem. Nerds to the rescue The company has developed an algorithm for a bias-free, decentralized evaluation of projects so that investors can fund venture projects in science and other areas including…

Bitcoin Cash Price Rallies Toward $200 as CoinGeek Ends ‘Hash War’

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin cash price on Monday made a charge back toward the $200 level, bolstered by the announcement that CoinGeek had formally called for an end to the “hash war” that had threatened to destabilize the BCH network following this month’s contentious hard fork. Bitcoin Cash Price Crosses $200 But Pares Gains After entering the day trading near $180, BCH traded down to about $175 before…

Crypto Winter is Here But the Next Wave Will be Massive

Since the introduction of blockchain in 2008, there have been more than 80,000 digital ledger technology projects launched around the world. In 2016, a total of 29 crypto projects raised over $6 billion via tokenized crowdfunding (ICO). The next year, 871 ICOs raised a whopping $6 billion, causing a wave of investment into the blockchain space. And in 2018 – this year – over 800 ICOs have announced their blockchain products. But a “crypto winter” may end up freezing a majority of them to death, believes Muneeb Ali. Decline in…

Up 15%: Bitcoin’s Price Bounces Back After 14-Month Low

Bitcoin’s 15-percent recovery from the 14-month low hit yesterday may have opened the doors for short-term price consolidation. The leading cryptocurrency by market value dropped through the support of the trendline connecting the August 2015 and August 2016 lows and fell to $3,474 yesterday – the lowest level since Sept. 17, 2017 (prices as per Bitstamp). At that level, BTC was down 38 percent from the highs above $6,300 seen two weeks ago. The drop was short-lived, however, and prices closed yesterday (as per UTC) at $3,939 – well above…

Bitcoin Price Watch: BTC/USD Recovery Facing Crucial Hurdle

Key Points Bitcoin price declined below $4,000 and $3,600 before buyers appeared against the US Dollar. There is a major bearish trend line in place with resistance at $4,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must break the $4,000 and $4,080 resistance to climb higher in the near term. Bitcoin price nosedived below $4,000 and $3,800 against the US Dollar. BTC/USD is currently recovering, but the $4,000 barrier is now acting as a resistance. Bitcoin Price Analysis During the past three days,…

Cardano Price Analysis: ADA/USD Eyeing Upside Break Above $0.042

Key Highlights ADA price declined sharply below the $0.0400 support and traded towards $0.0340 against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0400 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely test the $0.0420 resistance level, which is a crucial barrier for buyers. Cardano price extended losses before buyers appeared against the US Dollar and Bitcoin. ADA/USD must break $0.0420 to gain upside momentum in the near term. Cardano Price Analysis There were further…

LTC/USD, XMR/USD and XLM/USD Find Support After Heavy Losses

After weeks of double digit loses and break below important support levels now resistance, Stellar Lumens—XLM/USD, Litecoin—LTC/USD and even Monero—XMR/USD could pull back towards immediate resistance as demand grow in lower time frames. Let’s have a look at these charts: EOS/USD Price Analysis The ego war is having a toll on Bitcoin cash and after dropping 52 percent from last week’s close, BCH has dropped to fifth meaning EOS is now the fourth most capitalized coin in the space despite losing 26 percent in the last week. Although this flip…