Vanguard’s $1.3 Trillion Blockchain Makes Bundesbank Look Foolish

By CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.3 trillion worth of index funds, Forbes reports. Vanguard’s Blockchain Manages More Than $1 Trillion in Assets Since February, Vanguard has used blockchain to manage financial data for one-quarter of its assets, valued at $1.3 trillion. More than just a one-off trial, the service is operating live for millions of…

Bitcoin Price Recovers 5.50% Following $1,100 Dip

It took bitcoin just five hours to drop from its year-to-date high of $9,090 to $7,972. But, according to Crypto Michaël, the world’s leading cryptocurrency is still bullish. The prominent cryptocurrency analyst said on Friday that bitcoin’s 13 percent drop could be a “normal retracement,” notably after a giant move that pushed the cryptocurrency’s rate up by almost $5,000 in just two months. Michaël further noted that traders bought bitcoins immediately after its latest dip. As a result, the cryptocurrency recovered by up to 5.50 percent, which hinted that the cryptocurrency market is…

Binance Coin (BNB) Slide 6.1% but Margin Trading Could Spur Demand

Binance Coin (BNB) falls 6.1 percent If the rumor is true, Binance is close to activating Margin Trading After six months of stellar performance, Binance coin (BNB) is correcting. Even so, if Binance enables margin trading, the demand for BNB will increase, buoying bulls aiming at $43. Binance Price Analysis Fundamentals They may be centralized and prone to hacks, but exchanges play a crucial role in the crypto ecosystem. Not only do create a market place for even the most illiquid digital assets, but these ramps bridge fiat and cryptocurrencies.…

Bitcoin (BTC) Correcting To $5,600 A Possibility

BTC down 6.3 percent Law enforcement could be behind Bitcoin Blender’s closure In a week, Bitcoin Blender is the second BTC mixing service to close shop. It comes at a time when bulls are losing traction, casting doubt on the overall strength of the underlying momentum. Bitcoin Price Analysis Fundamentals In a day that saw crypto assets, including Bitcoin (BTC), register losses, investors are unfazed. Their optimism stems from a firm conviction that fundamental factors will end up supporting prices. In turn, the foundation will be the springboard from where…

95% of Bitcoin Trade Volume Is Fake, Real Market Is Organized

At the 1997 edition of the annual Worldwide Developers Conference — an event put together by iPhone-maker Apple Inc. to communicate directly with its community of developers and users — a participant asked founder and then-CEO Steve Jobs the following question: “What do we do about the press? Wall Street Journal reporters get up in the morning, sell Apple short and then go write stories about us. And, it’s clear that it’s perception versus reality. They don’t know s— about operating systems. They don’t know anything about tools. They don’t…

Coinbase Adds Support for EOS Cryptocurrency on Retail Site and Apps

Coinbase has added support for the EOS cryptocurrency for its retail customers. The exchange announced in a blog post on May 30 that the option would be available on Coinbase.com and its Android and iOS apps, allowing users to buy, sell, convert, send, receive or just store EOS. The token was added to its Pro platform back in April. While the EOS option is now available for customers in “most” of Coinbase’s served jurisdictions, the U.K. and the U.S. state of New York are not included initially. “Additional jurisdictions may be…

Collapsed Crypto Exchange Cryptopia Owes Creditors $2.7 Million: Liquidators

The liquidators of failed New Zealand crypto exchange Cryptopia have released their first report on the firm’s financial situation, revealing that it owes over US$2.738 million to creditors. The appointed liquidator Grant Thornton New Zealand published its report Friday, saying that 69 unsecured creditors are owed at least $1.37 million and secured creditors over $912,000, with an expected deficit of $1.63 million. Secured creditors include Dell NZ and Coca Cola Amatil (NZ). Staff at the firm are owed $207,000 for outstanding salaries and holiday pay, as well as $177,000 in unsecured debt. Grant Thornton…

Bitcoin (BTC) Price Nosedives: Is This The Start Of Major Correction?

Bitcoin price spiked above the $8,950 and $9,000 levels, but failed to hold gains against the US Dollar. The price declined heavily and traded below the $8,720 and $8,440 support levels. There was a break below a crucial bullish trend line with support at $8,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading in a bearish zone below the $8,300 level and it could continue lower. Bitcoin price failed near the $9,000 level and declined sharply against the US Dollar. BTC…

Crypto Market Tumbles $30 Billion: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap jumped to a new monthly high at $276.0B before a strong decline. Bitcoin price declined sharply below the $8,600 and $8,400 support levels. EOS price is down around 8% and it recently broke the $7.800 and $7.500 support levels. Binance Coin (BNB) traded below the $33.20 support level and it could test $31.50. Bitcoin cash price is down 10% and it recently broke the $450 and $440 support levels. Tron (TRX) price trimmed most gains and it is currently trading below the $0.0325 support. The…

Ripple (XRP) Price Crashes Below Key Support: More Losses Possible

Ripple price traded to a new monthly high at $0.4777 and recently declined sharply against the US dollar. The price broke the key $0.4570 and $0.4400 support levels to enter a bearish zone. This week’s crucial ascending channel was breached with support at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as low as $0.3999 and it remains at a risk of more losses in the near term. Ripple price declined sharply against the US Dollar, similar to bitcoin. XRP broke the…