BitHarp launches latest mining rigs, Lyre Miner and Harp Miner

BitHarp, a renowned manufacturer announced new mining rigs Lyre Miner and Harp Miner. These newly introduced mining rigs promise to deliver high-performance along with the advanced features aimed at reducing electricity consumption and improved usage capabilities for miners. The first mining rig Harp Miner, a Direct Liquid Cooling [DLC] rig, is built for delivering maximum […]
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Source: AMB Crypto

Bitcoin may hit all-time-high if equity markets hit all-time high

The narrative around Bitcoin has changed a lot of times in 2019. From its gains being correlated to trade, geopolitical tensions to its potential as a safe haven due to its decentralized nature, the largest asset has been the topic of discussion frequently. Thomas Lee, co-founder of Fundstrat Global Advisors, discussed significant macro factors which […]
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Source: AMB Crypto

Bitcoin shorts made simpler as Tagomi introduces new borrow and lend platform

Cryptocurrencies are based on a highly volatile market. Price fluctuations take place within a small window of time, and investors face a major task on timely shorting or longing their trade on these assets. Tagomi, a digital asset brokerage institution announced that they had addressed the problem at press time by launching a lending and […]
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Source: AMB Crypto

XRP built for practical use case to solve inefficiencies in legacy banking systems, says Ripple exec

“We do not see crypto as replacing fiat.” Breanne Madigan, Head of Global Institutional Market at Ripple said at The OECD Global Blockchain Policy Forum 2019. In the finance session, Madigan stated that Ripple was inclined toward interoperability and that “replacing fiat” was not their goal. The Ripple exec said, “We see opportunities for the […]
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Source: AMB Crypto

Ripple exec talks about XRP as a means of liquidity management

On the stage of The OECD Global Blockchain Policy Forum 2019, Ripple’s Global Head of Banking, Marjan Delatinne revealed the firm’s vision for XRP while addressing complexities surrounding the traditional financial system in terms of cross-border remittances. She stated: “We have been working with XRP to ensure that it has the key characteristics in order […]
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Source: AMB Crypto

Ethereum, Litecoin, Tron, Monero, Cardano Price Analysis: 13/09

After consolidating low in the charts for the past couple months, major altcoins were moving in a direction which could revive some of its early-year optimism. Bitcoin dominance was still above 70 percent at press time, as alts tried to make a comeback in the market. However, the surge may not prevail in the near […]
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Source: AMB Crypto

Tether facilitates $417k worth of transactions on ETH network as USDT continues to clog Ethereum

A Redditor recently complained about pending transactions on the blockchain by stating that the pending period was past 10 hours and at press time, all the fingers were pointed toward Tether for network congestion. As reported earlier, Ethereum’s blockchain was suffering from a case of network saturation. The blocks were adding up and Vitalik Buterin […]
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Source: AMB Crypto

Binance X’s head Teck Chia reveals that Venus is still in its experimental stage

Irrespective of entering the crypto space only in 2017,  Malta-based crypto exchange Binance has witnessed an array of developments. From the launch of its in-house token BNB to the recent announcement of Venus, a blockchain for fiat-backed stablecoins, Changpeng Zhao has accelerated the exchange’s popularity. Recently, in an aim to bolster the mass adoption of […]
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Source: AMB Crypto

BNY Mellon Appointed as transfer agent & administrator for Bitwise’s Bitcoin ETF

BNY Mellon has been authorized to be the transfer agent and administrator of Bitwise Asset Management’s proposed Bitcoin exchange-traded fund. As of December 2018, the New York-based bank had over $33 trillion in assets under custody and has been involved in cryptocurrency and blockchain before. According to Tom Casteleyn, BNY Mellon’s global head of custody […]
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Source: AMB Crypto

Santander launches first end-to-end blockchain bond; to issue $20 million on Ethereum’s blockchain

Banco Santander, a commercial bank in Spain announced launch of the first end-to-end blockchain bond of $20 million issued directly on the Ethereum blockchain. The bank revealed in a press release that the bond would exist only on the Ethereum blockchain. Even though the bank itself is the issuer of the bond, the purchase of […]
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Source: AMB Crypto

Ripple’s Brad Garlinghouse: Nobody is in a position to manipulate XRP prices

On the 12 September 2019, Ripple’s CEO, Brad Garlinghouse, was interviewed on CNN International by Julia Chatterley on her show, First Move. During the interview, Garlinghouse said Ripple is seeing more momentum than ever with regard to people using XRP to make transactions. He also mentioned how people speculate on different asset classes and that […]
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Source: AMB Crypto

Vulnerability in Facebook’s Libra identified and patched after security firm’s revelation

Blockchain infrastructure security firm, OpenZeppelin, has revealed a vulnerability in the Libra open-source scripting language, Move, which would have enabled hackers to take control of smart contracts on the network. The Move language has the ability to define custom resource types, wherein a resource cannot be copied or deleted, but only moved between storage locations. […]
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Source: AMB Crypto

Blockstack’s SEC-approved token offering raises $23 million

US-based blockchain startup, Blockstack PBC, is in the news after it announced that it had raised about $23 million in an SEC-approved token offering, making it the first to run a token offering under regulation A+. Blockstack shared the update with the community via a blog post which suggested that over 4,500 people and entities […]
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Source: AMB Crypto

Coinbase appoints NerdWallet’s ex-COO as VP of Business and Data

San Francisco-based Coinbase was in the spotlight recently after a CoinMetrics report revealed that it had progressively improved its market share in BTC-USD trading volumes, a share which grew from 24 percent to 32 percent. In yet another step meant to build on the exchange’s standing in the market, Coinbase has hired Dan Yoo for […]
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Source: AMB Crypto

Coinbase leads Bitcoin-USD trading volumes; Binance dominates BTC-USDT trading charts

The importance of exchanges is significant in the industry. Without the presence of these crypto-institutions, the distribution of assets would not be possible. However, the high concentration of any digital currency on a single exchange calls for potential risk which could surface in an event of a hack or cyber-theft. A recent report released by […]
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Source: AMB Crypto