Month: July 2019

Bitcoin (BTC) experienced some disappointing trading over the weekend, as it couldn’t maintain the positive momentum it had gained on Friday. Having started the Saturday session at $12,400.76, the digital coin tumbled to as low as $11,508.38 during early trading. While the coin’s performance improved in subsequent trading, it finished the day well below its opening level, posting a close of $11,959.37. Bitcoin saw more negative price action on Sunday, especially during the afternoon, when its price dropped below the Read more …

The Bitcoin price is less likely to go lower due to external factors in its current bull run, one of the crypto industry’s best-known analysts has said. BTC Price ‘OK With Developments’ Discussing the impact of changes in areas such as the US-China trade war, Tom Lee of Fundstrat Global Advisors noted that Bitcoin was moving for other reasons.  While the largest cryptocurrency had jumped as tensions between the two nations rose, a surprise truce last week failed to undo Read more …

Recently, Justin Sun, founder of TRON and current CEO of BitTorrent made it known via a tweet that BitTorrent File System (BTFS) will be launched on Testnet today on July 1st, 2019 (PDT). Following this tweet, the price of BitTorrent began scoring higher. This is despite the deep bear market altcoins has been thrown. BTT Gained 10% in 24 Hours According to the CoinMarketCap, BitTorrent (BTT) currently stands at the 34th position on the list of the largest cryptocurrency. The Read more …

The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies. Also read: V20 Summit Concludes With Promises for Crypto Industry G20 Leaders’ Declaration The G20 leaders’ summit, the largest meeting Japan has ever hosted, wrapped up Saturday. During the two-day event, the G20 leaders and the Read more …

The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies. Also read: V20 Summit Concludes With Promises for Crypto Industry G20 Leaders’ Declaration The G20 leaders’ summit, the largest meeting Japan has ever hosted, wrapped up Saturday. During the two-day event, the G20 leaders and the Read more …

Crypto markets made 27% in June, largely from Bitcoin. Ethereum, Litecoin, Link and NEO performed well but Ripple, BCH, EOS, Stellar, and IOTA plunged. June has been the fifth month in a row that has seen gains all round on crypto markets. While performance was not as good as May’s, total market capitalization did increase by 27% in June and a new yearly high was set. For the first time in over a year crypto market cap topped $385 billion Read more …

The most raved-about project of Facebook, Libra, will not face regulatory issues in Japan, as the country’s financial regulator approved of the project’s white paper. The Financial Services Agency (FSA), a governmental organization which is tasked with legislating cryptocurrencies and crypto exchanges in Japan, believes that Libra is “unlikely to be a crypto asset [cryptocurrency].” The law in Japan states that crypto assets are “not legal currencies or assets based on legal currencies.” And according to Facebook, Libra will be Read more …

Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about stopping darknet crime, money laundering, and other abuses facilitated by the anonymity crypto provides. What is really happening is the large-scale degradation of language, coupled with a gross misrepresentation of what actually constitutes the most Read more …

The Bitcoin network is looking stronger than ever but prices are starting to decline in a long awaited correction. The weekend had many thinking that the bulls could push higher, but those thoughts have been quashed Monday morning as markets continue to dump. Bitcoin Dumps 9% on The Day The weekend witnessed a minor resurgence from Bitcoin which managed to push back above $12k for a few hours. It could not hold there however and started a slow slide shedding Read more …

IOTA slides 11.4 percent Coordicide and a new scalability-enhancing algorithm is bullish The Internet of Things (IoT) industry is expected to rise to over $325 billion by 2023. As such, the IOTA Foundation is ready to capitalize on this projection. Through Coordicide and improvement of the existing algorithm, IOTA prices could correct upwards. IOTA Price Analysis Fundamental Given the rise of smart contracting, futurists are optimistic. With millions supporting research and development, analysts are churning out papers confirming the power Read more …

Bitcoin can be many things depending on the situation. For many it is a store of value, for some, it is a trading vehicle, but for Venezuelans, BTC is the most reliable hedge against the rampant hyperinflation the Latin nation is suffering. New Bank Notes Fresh Off The Press The inflation has reached such epic proportions that the Banco Central de Venezuela has printed more new notes with a lot fewer zeroes on them. According to an official statement last Read more …

There was another rejection near the $12,200 resistance in bitcoin price against the US Dollar. The price revisited the main $10,500 support area and it is currently correcting higher. There is a key connecting bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair seems to be forming a double bottom pattern near the $10,400 and $10,500 support levels. Bitcoin price is holding the main $10,400 support area Read more …