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Singapore-based Food Giant Starts Accepting Cryptocurrency Payments

A Singapore-based food giant has begun accepting payments in cryptocurrencies for its services. Dubbed as Kopitiam, the 1988-born company operates food courts in shopping malls across Singapore. It introduced a new technology-friendly branch called KOPItech in June in a newly-refurbished Funan mall. The division reportedly allows customers to recharge their food payment cards using self-service…

Tron Analysis: TRX/BTC is DAMN BEARISH

Tron is growing weaker against the world’s first and foremost cryptocurrency bitcoin. The TRX-to-BTC exchange rate this week has extended its bearish bias by falling another 7.72 percent this Wednesday. The pair established a fresh lower low towards the 251 sats level, bring its total month-to-date returns to a negated 18.33 percent, according to data…

Bitcoin Analysis: Price Slips $1,000 in Just Two Hours

The price of bitcoin crashed by more than $1,000 during the London afternoon session this Wednesday. The bitcoin-to-dollar exchange rate earlier today established an intraday high towards $13,202.63, according to data provided by CoinStats’ cryptocurrency portfolio management app. Nevertheless, a vast correction later brought the price down by more than 8 percent. The move downhill…

Internet Giant Kakao Claims Its Blockchain is 15x Faster than Ethereum

Representatives of the South Korean technology giant Kakao said that their new blockchain, Klaytn, is 15 times faster than Ethereum, reports The Korea Herald. The internet firm’s blockchain-unit, GroundX, claimed during a press conference in Seoul that Klaytn can process up to 300 transactions per second. On the other hand, the Ethereum blockchain can handle up…

Bitstamp Now has Its Own Lightning Network Node

Bitstamp, one of the oldest cryptocurrency exchanges in Europe, announced the incorporation of its own bitcoin-enabled Lightning Network into its platform.  The move will allow Bitstamp users to make faster payments, with lower rates and higher transaction performance than in the Bitcoin network directly. The company said LN is the next step for Bitcoin and one of the…

Bitcoin Price Analysis 5/7/19: Boring Sideways Continues

The price of bitcoin on Friday dipped below the $11,000 level, shows CoinStats’ cryptocurrency portfolio management app. As of 09:05 UTC, the BTC/USD exchange rate was trading at $10,966.05, down 6.31 percent in the previous 24 hours. The move downward brought the cryptocurrency’s weekly performance to negated 3.99 percent. Nevertheless, its month-to-date performance stayed inside…