More Details on Dash and Mobile Wallet Paycent

People are now able to send DASH to mobile numbers in over 200 countries with the Paycent mobile app. Paycent and DASH DASH was made available on Paycent, a hybrid mobile wallet, and a subsidiary of the Singapore-based company Texcent, earlier this month. Other cryptocurrencies that are available through Paycent are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). In a recent interview with Mark Mason,  Karen Hsu, the Head of Growth at Blockcypher.com, provided additional information into the app and how DASH became a part of the system. Blockcypher is a blockchain web…

Research says Bitcoin Power Consumption May Account for 0.5% of the World’s Energy

As Bitcoin grows, the level of power consumption needed to mine grows too.  This is an area which is also receiving increasing attention. A new study published in the American Journal of Energy Academics Joule claims that by the end of 2018, Bitcoin network’s power consumption may account for 0.5% of the global total. Currently, on average, every 10 minutes a new block on the Bitcoin network is created or “mined”, and the user who obtained the newly generated block is rewarded with 12.5 Bitcoin. This is the process known as…

PayPal CFO John Rainey Rejects Bitcoin as a Reliable Currency

Bitcoin price (BTC) is crashing instead of rallying: Bitcoin price has failed to generate gains for investors since Warren Buffett, and Bill Gates rejected the cryptocurrency markets two weeks ago. Bitcoin price lost almost $1,800 in the last two weeks.  Several other industry experts are also refuting bitcoin’s potential to work as an alternate currency. They believe the higher level of volatility makes it difficult for the general public to use it as the medium of exchange. Source Image: coinmarketcap.com Bitcoin price crashed to the $8,000 level today. The New York consensus…

Bitcoin Cash Update: CNBC’s Poll Favor’s BTC over BCH

CNBC’s poll was another blow to Bitcoin Cash enthusiasts on top of an already declining coin price. Bitcoin Cash price declined at a robust pace in the last two weeks despite its anticipated hard fork event. The fourth largest coin traded below $1,200 today for the first time this month. BCH coin had hit a three-months-high of $1,800 on May 6. Source Image: coinmarketcap.com BCH bulls failed to capitalize on the awaited hard fork event on May 15. The Bitcoin Cash network is now officially upgraded to 32 MB from its…

Trending Crypto News | May 14 – May 18

The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week’s trending crypto news!  Trending Crypto News | May 14 – May 18  Monday  Coins on the crypto markets started Monday both in the green and the red. While Ripple (XRP) found itself up during the day, Cardano (ADA) found itself down.  Monday was the first main day of Consensus 2018, and it was there Ripple (XRP) announced its brand new initiative, deemed the Xpring…

Litecoin News: LTC Being Added to Wallet and dApp Browser Toshi

Toshi adds Litecoin: After listening to its customers, the wallet and dApp browser Toshi is going to be adding Litecoin (LTC) to its platform. Toshi Adds Litecoin One of the most common requests of Toshi was that it expand to other cryptocurrencies. Primarily, Toshi has been focused on Ethereum and Ethereum-based projects but it announced this week that Toshi will finally be adding support for other cryptos – including Litecoin! There’s no release date yet, but the buzz is already flying through the crypto sphere. Charlie Lee summed up the community’s excitement: ……

JP Morgan Creates and Appoints Strategic Director of Crypto Assets

According to a Business Insider report on May 17th, JPMorgan Chase, the leading US banking group and financial services company, recently created and filled a new position— the head of Crypto Assets Strategy. Crypto Assets Strategy Oliver Harris, 29, will assume this new role and report to Umar Farooq – head of blockchain development. Harris will also lead JPMorgan’s internal blockchain project, Quorum, which was tested by JPMorgan Chase and the National Bank of Canada since last month. According to the Business Insider report, Harris will identify and lead new encryption projects…

XRP Weekly Wrap-Up | This Week’s Top Ripple News

It’s Friday, which means it’s time to reflect on all that went on this week. What a week it was, too! Especially for Ripple (XRP). The crypto space saw some major Ripple news surface this week, and it’s important to review it. Why? So we’re in the loop when Monday rolls around.  First, however, let’s look at how Ripple (XRP) is doing today.  Ripple (XRP) Daily Chart  Ripple (XRP) is currently selling for $0.670968. This puts XRP down 2.66% in the past twenty-four hours. Source: CoinMarketCap This is not the…

What is EOS? Block.one Explains EOS Project Through Series of Videos

The EOS team has been releasing videos all week about the project, making it a great time for beginners to check out the EOS blockchain. We’re here to help break things down even further – what is EOS? Let’s find out. Who is Launching the EOS Blockchain? It’s not Block.one, if that’s what you’re thinking. Block.one is the team behind the development of EOS, but, as the first of the EOS videos explains, the EOSIO blockchain can only be launched by communities – not by any centralized organization, which is what…

Bitcoin Cash Price Watch – BCH/USD Declines Further, Now Below $1,200

Key Highlights: Bitcoin Cash continued its decline this week, falling below the $1,200 mark. BCH/USD failed to break above its previous resistance level of $1,290 despite a minor upside correction. BCH/USD is currently on a bullish run that could retest the $1,200 price level. Bitcoin Cash Price Declines Below $1,200 On Friday morning, Bitcoin Cash price continued its decline from earlier this week, now sitting below the critical $1,200 mark. Even though there was a minor upside correction, the cryptocurrency failed to break above the previously established $1,290 resistance level.…