Most major cryptocurrencies have started the new year on a positive note. However, in the past 24 hours, the crypto markets are witnessing a sea of red. This shows that the rally has hit a roadblock, which could result in a minor correction or consolidation for the next few days. Such a move will be healthy for the crypto markets because it will shake out the weaker hands. The next dip will also give an idea about the cryptocurrencies that have bottomed out and have started a new uptrend. Acclaimed veteran trader Peter Brandt believes that Bitcoin has bottomed out …

Users of IOTA, the 24th biggest cryptocurrency by market cap, were unable to confirm transactions for 24 hours due to a mainnet incident on Dec. 29. According to an official statement on the issue, the IOTA network experienced a mainnet incident that began at 2:50 AM UTC on Dec. 29, and was fully resolved by 2:50 AM UTC on Dec. 30. The incident was caused by an unusual set of transactions that may have been constructed as an attack As described in a Dec. 30 blog post by Iota Foundation, the problem was caused by issues at the IOTA Reference …

Distributed ledger technology provider Iota, Dell Technologies and the Linux Foundation are collaborating on Project Alvarium. In an Oct. 28 press release, the nonprofit Linux Foundation announced it was forming a new project with support from several major industry giants such as Dell, the Iota Foundation and IBM. Other partners to the project include edge resource marketplace MobiledgeX and global IT firm Unisys. The project, based on code from Dell Technologies, aims to build on the concept of a Data Confidence Fabric, which establishes measurable trust and confidence in data coming from multiple sources. The system would score data based …

The United States-based branch of major crypto exchange Binance, Binance.US, has broken the $10 million volume mark. “Took Binance longer to unlock this achievement back in the day” As of press time, the exchange has seen $10,481,594 in daily traded volume, according to data shared by Binance America CEO, Catherine Coley. As Cointelegraph previously reported, Binance.US went live on Sept. 24 of this year, initially offering 13 fiat-to-crypto and crypto-to-crypto trading pairs. These included major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and the Tether (USDT) stablecoin. Earlier this month, Binance’s …

Chinese fintech stocks have surged this year on hopes that the launch of a digital currency by the People’s Bank of China will increase demand for security and payment services. Morgan Creek Digital co-founder Anthony Pompliano said that if the digital yuan becomes a reality, it might threaten the dollar’s reign as the global reserve currency. However, he said that even if central banks issue their own digital currencies, people were likely to opt for a currency which cannot be manipulated, seized or censored. European Central Bank (ECB) president Mario Draghi has said that the central bank is closely watching …

Bakkt Daily and Monthly Bitcoin Futures will launch on Sept. 22 at 8 p.m. EDT. This is likely to increase volatility in Bitcoin, which has been stuck in a tight range for the past few weeks. Expectations are that Bitcoin-settled contracts and the backing of the New York Stock Exchange will attract institutional players, who have largely stayed away from making big investments in cryptocurrencies. How much of this plays out remains to be seen. BitMEX CEO and co-founder Arthur Hayes says that 24 hours a day, seven days a week trading in cryptocurrencies will change the way people trade …

Non-profit blockchain organization Iota Foundation has released a platform enabling a decentralized and autonomous industrial marketplace. World’s first autonomous and decentralized virtual marketplace Dubbed the Industry Marketplace, Iota’s new product is a joint initiative that aims to accelerate industrial automation and commercial machine interaction, the organization announced in a blog post on Sept. 19. Serving as a vendor and industry-neutral platform that automates the trade of physical and digital goods and services, the blog claims the Industry Marketplace to be the world’s first autonomous and decentralized virtual marketplace. The initiative is a collaboration between a number of firms, including German …

Iota has introduced Chronicle, a permanode solution that will allow its node owners to easily store all of their transactions and maintain uninterrupted access to that data. Iota’s unlimited storage solution On Sept. 17, the Iota Foundation announced Chronicle, which allows node owners to store all the data of the Tangle and quickly access that data when needed over an indefinite length of time. Before Chronicle, node owners of the IoT-based cryptocurrency project, faced issues that were directly related to limited storage, as transactions quickly filled up the database. Iota attempted to resolve this by introducing local snapshots allowing node …

Saturday, Sept. 14 — The top 20 cryptocurrencies are reporting mixed movements on the day while Bitcoin’s (BTC) price hovers over the $10,300 mark by press time. Market visualization courtesy of Coin360 The price of Bitcoin is currently up by 0.13% on the day, trading at around $10,313 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.46%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported yesterday, Bitcoin trading is opening new avenues for citizens in communist-run Cuba, which has been financially isolated for years under a United States trade embargo. …

Distributed ledger technology (DLT) company Iota has partnered with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT. Tracking energy source and usage Iota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie Lab Crigen for the demonstration. The demonstration aims to show the public both the source and use of a Jaguar I-Pace’s energy at the Trondheim Powerhouse, the building whose inauguration forms the background for the proof-of-concept. Russell Vickers, the manager of Jaguar …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Facebook’s Libra continues to face resistance as central banks, regulators and governments have not been supportive of the project. Due to this, a few early backers of Libra are considering withdrawing from the project to avoid unwanted scrutiny of their existing businesses. Bank of England Governor Mark Carney has said that a digital …

With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how the top cryptocurrencies stack up with the rest. Market dominance flows from alts to BTC since 2018 Market dominance between the top cryptocurrencies by market capitalization has changed over the last year. As of Aug. 19, 2018, as seen in the chart below, the three largest coins comprised 71.95% of the combined cryptocurrency market — an 8% difference to the figures …