UTC-05:00,Tuesday , May 26th 2020
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Today ,Tuesday,May 26, 2020
  • 07:31 Bitcoin Transactions Get 50% Cheaper As Network Recovers

    Bitcoin’s average transaction fee has dropped 53% in the past five days. The number of transactions waiting to be processed is falling. But the number of Bitcoin transactions is going down too.
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  • 07:02 VideoCoin Adds Cash Payments And Rewards In Bid To Take On AWS

    Announced Tuesday, Minor’s VideoCoin platform, which draws on dormant computing resources to process streamed video, is adding fiat payment rails as the project looks to move beyond the limited sphere of crypto and blockchain tokens. The network becomes commercially available starting May 27.
    A broader reach is essential, says Minor, CEO of Live Planet, an immersive video startup that provides technology to VideoCoin, in order to take the fight to the market-leading Amazon Web Services (AWS). (Interestingly, Minor’s first job at Merrill Lynch saw him team up with co-worker Jeff Bezos on a publishing platform.) 
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  • 06:10 CoinNess Market Surveillance May 26: BTC Trading Around $8800 Level

    As of 11:00 (UTC) on May 26, the global price index of Bitcoin (BTC) has been trading around the $8,800 level. At present, the coin marks $8,882.18 with an increase of 1.36% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is “Sell” with 10 indicators sending out selling signals, six showing neutral signals, and two indicating buying signals.
    The broad market is overall bullish, with 87 out of Top 100 cryptos by market cap rising.
    The global market cap reads $249.12 billion, and the 24-hour trading volume is $97.89 billion.
    Major Coins
    1. BTC quotes show 8,851.39 USDT on Binance, $8,850.70 on Bitfinex, $8,859.31 on Coinbase Pro and 8,857.49 USDT on Boboo.com;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $203.30 (-0.10%); XRP marks $0.1952 (+0.35%); BCH marks $229.23 (+0.06%); LTC marks $42.85 (-0.32%); EOS marks $2.53 (-0.07%); ETC marks $6.74 (-1.00%).
    Top 3 Gainers and Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: XMC (+53.97%), THETA (+27.01%), and ZIL (+20.48%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: IOTX (-9.24%), REN (-7.51%), and XVG (-2.55%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: ETH (+$75.30 mln), BTC (+$53.46 mln), and ETC (+$20.80 mln);
    2. Top 3 capital outflows within the last 24 hours: TFUEL (-$4.21 mln), HDAO (-$1.52 mln), and NEXO (-$1.51 mln);
    3. Net inflows/outflows of exchanges: Binance (-$10.23 mln), Bitfinex (+$3.98 mln), and Coinbase Pro (+$16.16 mln).
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  • 05:55 Crypto Researcher Warns Of A Growing Systemic Risk To Bitcoin

    The growing custodial banking layer creates a systemic risk for Bitcoin (BTC), warned popular crypto researcher Hasu and offered two solutions. While some say that Bitcoin could be scaled by increasing its block size, allowing more transaction per block, this would worsen the assurances of the transactions, Hasu said in a recent post on Deribit blog, adding that Bitcoin protects its properties by excluding usage beyond the safe capacity limit. However, “Bitcoin’s ability to exclude users is smaller than commonly assumed.” It controls the number of users inside the network, but it has no control over the growth of the banking layer - the number of users accessing the network through custodial banks - which could turn into a systematic risk for Bitcoin.
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  • 05:16 RBI Says No Restrictions On Banks Providing Accounts To Crypto Traders

    India’s central bank, the Reserve Bank of India, seems to finally be clarifying its stance on financial services for cryptocurrency-related businesses. In response to a right to information request, the RBI clarified that there are no restrictions on banks preventing them from providing an account to cryptocurrency companies or traders. The request was initially filed by Harish BV, a cofounder of local cryptocurrency exchange Unocoin.
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  • 05:01 BTC Topped List Of Crypto Net Inflows With $42.87 Million In Past 10 Hours

    Monitored by CoinNess.com, from 00:00 to 10:00 (UTC) on May 26, BTC registered a net inflow of $42.87 million in the past 10 hours.
    1. The Top 3 net cap inflows in the crypto market are: BTC (+$42.87 mln), EOS (+$2.81 mln), and DICE (+$2.68 mln);
    2. The Top 3 net cap outflows in the crypto market are: ETH (-$17.86 mln), ETC (-$4.71 mln), and XRP (-$2.85 mln).
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 04:45 Hackers Mining Monero In Over 1000 Enterprise Computers

    A group of hackers has targeted thousands of enterprise computers to illegally mine cryptocurrencies, security firm Red Canary found out. First reported by ZDNet on Monday, the hacker group Blue Mockingbird has been pushing the malware since last December which was discovered by the Colorado-based security firm earlier this month.
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  • 04:07 Australian University Launches Blockchain Postgraduate Program With IBM

    RMIT University, an Australian public research university, is adding two new postgraduate programs in the field of cybersecurity and blockchain technology.
    The university announced May 26 that it was partnering with IBM, Palo Alto Networks, and Stone & Chalk to offer a graduate certificate in cyber security and graduate certificate in blockchain-enabled business. The programs are expected to start in October 2020 and will last for nine months.
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  • 03:21 BTC Dips Below 9000 USDT

    BTC just reports a moderate drop, now trading below 9,000 USDT on Boboo.com, reading 8,989.29 USDT, up 1.85% in 24H.
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 02:56 China Blockchain Firms May Lose Access To US Capital Markets

    Last Wednesday, the U.S. Senate took steps toward forcing Chinese companies to adhere to the same transparency rules as other corporations or risk losing access to U.S.-based stock exchanges. For China-based ASIC hardware manufacturers, this new regulation might be the last nail in the coffin for their U.S. capital market aspirations. It could lead to delisting for those already traded.
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  • 02:10 Bitcoin Search Index On Major Media Platforms: May 26

     Monitored by CoinNess.com, as of 08:00 UTC on May, 26 1) Google Trends indicates searches of "Bitcoin" have shrunk compared with yesterday; 
    2) Baidu Search Index shows the search frequency of "blockchain" is going up; 
    3) Weibo sees the search of "digital currency" has experienced a moderate decrease, down 22.81%;
    4) CoinNess shows BTC takes the crown in the list of Coin Search Index.
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  • 02:06 SZSE's Blockchain 50 Index Closes Up 2.21%

    According to the latest statistics of China's A-Shares closing position, Shanghai Stock Exchange Composite Index (SHCOMP) closed at 2,846.55 (+1.01%); Shenzhen Stock Exchange's (SZSE) Component Index closed at 10,815.43 (+2.10%); Shenzhen Stock Exchange's (SZSE) Blockchain 50 Index closed at 3,222.34 (-2.39%); The digital currency index of Straight Flush closed up 1.91%.
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  • 00:32 CoinNess Analysis: It Is Better To Wait Than Trading Currently

    Citing the Bitcoin analysis of Jins, the in-house cryptocurrency analyst at CoinNess.com, after experiencing May 25's decline, BTC temporarily gained support above $8,600 and the price rebounded slightly.
    The put / call contract ratio of BTC has fallen to 0.64 on May 24. However, the data on May 25 rose sharply to 0.81, which was close to the high point before the current round of decline. This shows that the number of bearish investors in the options market is still increasing, and the traders generally have no confidence in the market outlook.
    Per the 1-hour chart of BTC, the price remains below the downward trend line, so the overall pattern is still weak. From the perspective of the wave shape, the internal structure shows a combined pattern. The horizontal pressure above $9,090 coincides with the trend line, which is expected to provide greater pressure. $8,600 shall be concerned, the previous correction level after the BTC rise of 38.2%. If this position is broken, the downward space will expand. It is recommended to go short at the high price level.
    Rather than chasing the high price with risks, it is better to continue to wait. If the price can continue to fall and form a continuous divergence, the certainty of the future increase is considered to be enhanced, and then there may be trading opportunities with a greater win rate.
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  • 00:24 Ethereum Classic: ETC Has Sound And Trust Minimized Monetary Policy

    Ethereum Classic tweeted, "ETC is the only secure PoW smart contracts platform at the base layer. As Bitcoin, ETC has a mechanical, algorithmic, and capped, thus sound and trust minimized monetary policy."
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Yesterday ,Monday,May 25, 2020
  • 23:43 Current Price Plunge Of BTC Has Caused Sharp Downturn In Its Market Health

    Per Glassnode's GNI, the current price plunge has caused the cryptocurrency to see a sharp downturn in its market health over a one-week period. All three core components of the GNI indicator saw a sharp regression over the past week. They note that although Bitcoin's network health is high over a macro timeframe, a sharp drop in its network growth and overall activity has led this indicator to shed seven points.
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  • 23:14 Genesis Capital Issues $2 Billion Loan In First Quarter Of 2020

    According to the official news, cryptocurrency lending service provider Genesis Capital's first-quarter operation report shows that the company issued a new $2 billion loan in the first quarter of 2020, double the $1 billion in the fourth quarter of 2019.
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  • 23:03 Crypto Market Sentiment On May 26: Market Is In "Fear"

    Citing statistics from alternative.me, the Fear & Greed Index currently reads 39, two units fewer than yesterday's, indicating the crypto market is still in "Fear." Note: As per the index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed." The current index is for Bitcoin only and is measured based on volatility (25%), market momentum/volume (25%), social media (25%), surveys (15%), dominance (10%), and trends (10%).
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  • 22:21 UPbit To Suspend Deposit And Withdrawal Of THETA And TFUEL

    UPbit has officially announced that it will suspend deposit and withdrawal services of THETA and TFUEL at 03:00 UTC on May 27 due to the upgrade of THETA.
    (Note: The upgrade is about 19:00 on May 27, and the block height is 5877350)
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  • 22:11 CoinNess Market Surveillance May 26: Global Price Index Of BTC Trading Above $8800 Level

    As of 03:00 (UTC) on May 26, the global price index of Bitcoin (BTC) has been trading above the $8,800 level. At present, the coin marks $8,890.58 with an increase of 1.09% in the past 24 hours.
    The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Sell" with nine indicators sending out selling signals, five showing neutral signals, and four indicating buying signals.
    The broad market experiences upward trading, with 84 out of Top 100 cryptos by market cap rising.
    The global market cap reads $249.74 billion, and the 24-hour trading volume is $97.77 billion.
    Major Coins
    1. BTC quotes show 8,898.00 USDT on Binance, $8,891.80 on Bitfinex, $8,898.91 on Coinbase Pro and 8,896.09 USDT on Boboo.com;
    2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $205.33 (+1.41%); XRP marks $0.1960 (+0.59%); BCH marks $229.29 (+1.59%); LTC marks $42.94 (+1.01%); EOS marks $2.53 (+1.31%); ETC marks $6.74 (+1.56%).
    Top 3 Gainers and Losers in Cryptocurrencies
    1. Top 3 gainers among Top 100 cryptocurrencies by market cap: HBAR (+23.19%), ZIL (+20.75%), and IOST (+16.75%);
    2. Top 3 losers among Top 100 cryptocurrencies by market cap: TFUEL (-15.08%), HYN (-6.96%), and REN (-5.27%).
    Cap Flows of Coins/Exchanges
    1. Top 3 capital inflows within the last 24 hours: ETH (+$91.85 mln), ETC (+$24.36 mln), and BCH (+$22.87 mln);
    2. Top 3 capital outflows within the last 24 hours: BTC (-$51.27 mln), TFUEL (-$4.37 mln), and NEXO (-$1.52 mln);
    3. Net inflows/outflows of exchanges: Binance (-$11.10 mln), Bitfinex (+$10.63 mln), and Coinbase Pro (+$6.40 mln).
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  • 21:59 Idea: High Fee Levels Could Incentivize Greater Adoption Of SegWit, Lightning, And Liquid

    Per a LongHash analysis article, according to Coin Metrics, the 7-day average of the daily median transaction fee reached $3.14 on May 22 — the highest reading since February 6, 2018.
    While Bitcoin transaction fees are hitting historical levels right now, the reality is these fees would be much higher if upgrades like SegWit were not activated and exchanges and other key users were not using the blockchain more efficiently than they were prior to 2018.
    Going forward, these high fee levels could incentivize greater adoption of SegWit, Lightning, and Liquid by Bitcoin users, as they have in the past. Over the long term, however, transaction fees will become an increasingly important part of securing the Bitcoin network, as the block subsidy continues to be cut in half roughly every four years. Over time, transaction fees replace newly-created Bitcoin as the main incentive for miners to do their work.
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  • 21:15 New DeFi Alliance Reveals Its First Cohort Of Seven Startups

    The Chicago DeFi Alliance, which just launched in April, announced on May 21 their selection for DeFi projects to be included in the first cohort of startups: 0x, dYdX, Kyber Network, IDEX, opyn, Set Protocol, and Synthetix.
    The purpose of the Alliance is to provide entrepreneurs and startups in the DeFi space with "meaningful support and guidance with respect to trading and applicable regulations."
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  • 21:08 Indian Crypto Exchange CoinDCX Secures Additional $2.5M Investment

    CoinDCX, India's largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase.
    In an announcement from CoinDCX on May 25, the exchange said it would use the funds to encourage the mass adoption of cryptocurrency in India through its "TryCrypto" campaign. CoinDCX stated its goal was to have 50 million crypto users in the country. One of TryCrypto's initiatives will be a cryptocurrency and blockchain educational program aimed toward new traders.
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  • 21:04 BTC Topped List Of Crypto Net Outflows With $27.59 Million In Past 2 Hours

    Monitored by CoinNess.com, from 00:00 to 02:00 (UTC) on May 26, BTC registered a net outflow of $27.59 million in the past two hours.
    1. The Top 3 net cap inflows in the crypto market are: OKB (+$1.16 mln), EOS (+$781.94 k), and ALGO (+$720.54 k);
    2. The Top 3 net cap outflows in the crypto market are: BTC (-$27.59 mln), ETH (-$1.53 mln), and BCH (-$1.35 mln).
    For more alerts on real-time market changes, add your portfolio at "Watch List" to enable the Intelligent Market Monitor, seizing more investment opportunities.
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  • 21:00 Boboo.com Native Token Report May 25: 23345 BOBT Generated

    Citing data by Boboo.com, from 00:00, May 25 to 00:00, May 26 (UTC), a total of 23,345 BOBT were generated. As of 00:00 (UTC), May 26, the number of BOBT generated has reached 2,471,310. There are 39 days to go before the generation term expires.
    BOBT represents an ERC 20-based native token developed by Boboo.com, with only 21 million coins to be generated through crypto-to-crypto trading. The generation process is limited to 100 days and those which are not generated before the deadline will be burned. BOBT will officially enter the absolute inflation process featuring full buy-back & burn and free circulation process when the total supplies run out. All net incomes from crypto-to-crypto trading commissions will be used for BOBT buyback & burn.
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  • 20:53 South Korean NH Credit Card And KT Cooperate To Activate Regional Currency Business Using Blockchain

    According to Yonhap News Agency, South Korean NH Credit Card announced that it has signed an "Activation Of Regional Currency Business Agreement" with Korea Telecom (KT).
    The NH Credit Card explained that this project is to issue regional currencies operated on the basis of KT blockchain technology issuing in the form of cards to improve the stability of regional currency businesses and consumer convenience.
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  • 20:41 China's Central Bank To Conduct 7-Day Reverse Repurchase Worth Of 10 Billion Yuan

    According to a report, China's central bank will conduct a 7-day reverse repurchase worth of 10 billion yuan on May 26.
    Since there is no reverse repurchase due on May 26, a net 10 billion yuan was put. The central bank has suspended reverse repurchase for 37 consecutive trading days.
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  • 20:30 South Korean LG Group Subsidiary Develops Global Universal Blockchain Identity Certification

    According to Yonhap News Agency, South Korean LG Group subsidiary LG CNS announced that it will cooperate with Canada's decentralized identity verification (DID) company Ever to promote a global universal identity certification project. LG CNS explained that DID is a blockchain-based identity certification system. As long as a DID card confirmed by a user on the smartphone, its content will be distributed and stored on the blockchain platform where any organizations can confirm the identity.
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  • 20:22 CoinNess Coin Data: The Number Of Bitcoin Whale Transfers Up 135.73%

    Monitored by CoinNess.com, as of 00:00, May 26 (UTC), 1) the number of Bitcoin active addresses is on a day-to-day increase of 6.34%, marking 753,000.
    2) The number of Bitcoin on-chain transactions is 265,700 with a day-to-day increase of 23.92%.
    3) The number of BTC whale transfers (over 100 BTC each) is 719 with a day-to-day increase of 135.73%.
    4) Active addresses on Ethereum report 420,300 with a day-to-day increase of 3.64%.
    Note: On-chain transactions and active addresses of a cryptocurrency have a positive correlation with its price.
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  • 20:19 Report: Over 310000 Bitcoins Have Left Exchanges Since “Black Thursday”

    Data by Glassnode shows that over 310,000 Bitcoins have been removed from exchanges in the time following March 12th, a day now known as “Black Thursday.”
    It is probable that these cryptos have been moved into cold storage solutions, signaling that investors are planning to hold their BTC over a longer time frame.
    It also appears that investors’ trust in centralized platforms may have been severely degraded by the events that led this meltdown to occur.
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