The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change in the price movements to evaluate assets overvalued or undervalued conditions. How to read RSI: The RSI is displayed as a line chart that oscillates between 0 and 100 scale....
Accenture, SAP, and R3 are collaborating to build a blockchain-based real-time gross settlement system (RTGS). The design will enable high-value transactions faster, more efficient, reliable and secure between banks and users. Rather than working against the system, the proposed design is spin around the idea of allowing banks and payment...
Bakkt to offer options on its bitcoin futures contract. As per the announcement, Bakkt will launch the first regulated options contract for bitcoin futures on December 9, 2019. This will give the buyer of a futures option contract the right to buy or sell a particular futures position at a...
Bakkt physically-settled BTC futures contract hit a new volume record yesterday. The platform saw a demand of $4.5 Million volume in the Bakkt BTC futures contract. Till now the total futures contract executed in Bakkt’s platform stand at approx. $20 Million, an average per day of $0.89 Million since its...
The recent developments hint Facebook may be moving away from Libra Association. As one of the association members confirmed the BBC: “We’ve seen Facebook start to move away from the association a little bit, maybe, but it’s still a challenge for them, definitely.” When asked about Libra testnet by the...
Ahead of Oct 23 hearing, Mark Zuckerberg has shared his testimony with the U.S. House of Representatives Committee on Financial Services addressing several concerns lawmakers have expressed over the launch of the Libra project. In his testimony, Zuckerberg assures the committee members that “Facebook will not be a part of...
Binance has joined the governance council of Klaytn, a public blockchain platform of the leading South Korean internet company, Kakao. As a council member, Binance will operate Klaytn consensus node as well as participate along with the other 24 members in key decisions related to the technical or economic update...
Bitfinex on Oct 18, 2019, filed a discovery application in the Central District of Southern California District Court hoping to recover its $880 Million funds held at the various frozen accounts of Global Trade Solutions AG, doing business as Crypto Capital. Discovery is a pre-trial procedure in a lawsuit in which each...
Libra Association may consider launching a series of stablecoins based on national currencies such as the dollar, euro, instead of the previously proposed synthetic one, a basket of fiat currencies which includes U.S. Dollar, Euro, Japanese Yen, British Pound, and Singapore dollar. Source: Reuters. “[Libra association] is open to looking...
In a report published by G7 on stablecoin, the working group recognizes the challenges in cross-border payments which are slow, expensive and opaque. It finds crypto-assets such as Bitcoin, not a reliable alternative and attractive means of payment or store of value to replace the traditional payment system. The reasons...
