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Experts Believe Blockchain Can Help Banks Prevent Billion-Dollar Trade Finance Scandals

There is a consensus among experts that blockchain technology can help banks prevent billion-dollar scandals and ease trade financing.Recent trade finance scandals involving major players such as Hin Leong, ZenRock, Agritrade and Hontop Energy amounted to a loss of almost $6 billion that was mostly endured by banks. To limit their exposure to such threats, major banks like ABN Amro, Société Générale and BNP Paribas have withdrawn …
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US Dollar Is Rebounding From Multi-Year Support And That's Not Good For Bitcoin

The United States dollar has begun to rebound from a multi-year support level and, simultaneously, the prices of both Bitcoin and gold have both dropped off.Bitcoin and gold prices respond negatively to the rising dollar because markets price both assets with the dollar. If the dollar value goes up, the value of BTC relative to the dollar goes down.In the …
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Welcome to Crypto News Blocks. We take full-length news articles and summarize them into a handful of easy to read bullet points. Make the most of your downtime and catch up on all the latest news.

Big news. Small Blocks.
MarketCap24hr March1st

Why Has Bitcoin Become A Leading Indicator For The S&P 500?

Yesterday, there was complete and utter carnage across the global financial market. Bitcoin fell over 10% by the daily close and breached below $10,000 at one point before bouncing. The stock market also saw the largest single-day loss since June. But why did Bitcoin suddenly lead the stock market almost tick for tick on price charts before the S&P 500 …
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Why Has Bitcoin Become A Leading Indicator For The S&P 500?

What are social trading and copy trading?

What are social trading and copy trading?
There is a strong correlation between social trading and copy trading, though they are distinct in their own right and should not be mixed. Social trading can be described as those activities that engage or facilitate interactions among traders to strengthen the crypto community. On the other hand, copy trading is an element of social trading that allows users to …
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Don’t panic? ‘Smart money’ whales are waiting to buy Bitcoin at $8,800

Whales are bidding $8,800 to purchase Bitcoin on major exchanges like Bitfinex following a sharp drop to sub-$10,000. The price of Bitcoin (BTC) abruptly declined by 10% in a single day on Sep. 4. Following the dip, the sentiment around the cryptocurrency market has become noticeably cautious with the Cryptocurrency Fear & Greed Index flashing “fear” for the first time …
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Don’t panic? ‘Smart money’ whales are waiting to buy Bitcoin at $8,800

Bitcoin Falls 12% But a Reuters Poll Indicates Massive Rally Ahead

Bitcoin Falls 12% But a Reuters Poll Indicates Massive Rally Ahead
The last two days found Bitcoin (Symbol: BTCUSD) in its most bearish states in more than three months. The cryptocurrency experienced a significant sell-off on Wednesday that continued until the next day’s New York session. On the whole, the BTC/USD pair lost 12 percent of its value, falling from $11,950 to as low as $10,000. Its renewed downside sentiment raised …
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Ethereum Closes Below $400, Here’s A Key Support Turned Resistance

Ethereum nosedived and broke the $400 support zone against the US Dollar. ETH price could correct higher, but the previous support near $400 is likely to act as a major hurdle. Ethereum is down over 10% and it broke the $420 and $400 support levels. The price even traded below the $385 support and settled below the 100 hourly simple …
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Ethereum Closes Below $400, Here’s A Key Support Turned Resistance

Featured Exchange - Paybis.com

Featured Exchange - Paybis.com
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