Month: July 2019

In this episode, Lolli CEO and co-founder Alex Adelman joins the Bitcoin Magazine Podcast to discuss Lolli’s rapid growth, democratizing commerce, driving bitcoin adoption and the future of video games. Lolli, the rewards application that lets users earn bitcoin when they shop online, has garnered more than 900 merchant partnerships since its inception, with more joining every day. Its most recent partnership, announced today, is with Udemy.com, an online learning platform aimed at professional adults seeking tech skills. Users can earn Read more …

The official announcement and details around Project Libra were provided to the world on June 18, 2019. Firstly, Libra was introduced: a new global reserve-backed cryptocurrency built on top of the new Libra Blockchain, with everything governed by a not-for-profit consortium dubbed the Libra Association. It was clear that each of these products and technologies will play an integral role in the project’s overall mission of creating a simple global currency and financial infrastructure that empowers billions of people.  Additionally, Read more …

Bitcoin’s market cap could explode to $8 trillion even under conservative estimates, former Goldman Sachs executive, Raoul Pal has said.  Bitcoin Market Cap To $8 Trillion? Speaking during his appearance on the Stephan Livera Podcast July 29, Pal, who is founder and CEO of Global Macro Investor and Real Vision Group, suggested the potential for Bitcoin’s value increasing was all but limitless. SLP93 @RaoulGMI – Global Macro Risks & Bitcoin – Risks of recession posed by Debt, European Banks, Demographics Read more …

This morning, July 31, 2019 Bitcoin price soared from lows around $9,500 to a local high of $10K before the leading crypto asset by market cap took a short pause. Bears have been in control ever since Bitcoin price was rejected from $13,800, and has struggled to maintain the bullish momentum it has had behind it since the early April rally first began. But Bitcoin price is also not going down without a fight from bulls, who may now be Read more …

The bitcoin price regrouped from its vicious weekend sell-off to recover past the $10,000 mark on Wednesday. Bitcoin Price Recovers to Crucial Psychological Level The dominant cryptocurrency had been in an uptrend for most of the day, and at approximately 10:00 am ET it managed to successfully pierce the $10,000 mark, which is generally considered to be a level of crucial psychological – if not technical – resistance. The bitcoin price pierced $10,000 for the first time since July 27. Read more …

Well then. Bitcoin (BTC) has just reclaimed $10,000 in a sudden surge to the upside. As of the time of writing, the cryptocurrency sits just shy of $10,000, finding itself up 4% in the past 24 hours. Related Reading: Bitcoin and Crypto Shouldn’t & Can’t Be Banned, Say Politicians: Why? Interestingly, altcoins have underperformed the market leader, accentuating the trend of BTC outperforming its ilk during sudden moves higher. Bitcoin Moves Past $10,000 After Lull After over a week of Read more …

The Fold App wants to give you bitcoin, but you’re going to have to earn it — by spending what you hodl. Fold Kickbacks is the latest child of the stacking sats movement. Like Lolli’s own sats-back system, the program rewards its users in bitcoin for shopping at major retailers. The big difference is that, with Fold, you have to spend bitcoin to earn bitcoin. On the platform, users can buy gift cards for Amazon, Uber, Target and Starbucks (among Read more …

The Monetary Authority of Singapore (MAS) has flagged an online Bitcoin (BTC) scam scheme that offers Bitcoin investment using forged claims by a former prime minister. Website uses forged statements by a former prime minister to solicit Bitcoin investment On July 31, Singapore’s central bank and financial watchdog issued an official warning, stating that the agency has become aware of a website that invited online users to invest in Bitcoin via an article containing falsified claims. According to MAS, the Read more …

The Kraken cryptocurrency exchange has acquired Dan Held’s Interchange, thus enabling investors to gain access to portfolio management and hedge funds. Interchange was purchased on Tuesday, the firm being specialized in accounting, reconciliation, and reporting, offering an “institutional-grade” service. The company was co-founded by Dan Held, which activated as director for the wallet (and now crypto exchange) provider Blockchain and also co-founded ZeroBlock. The other co-founder of Interchange was Clark Moody, founder of RTBTC, a bitcoin trading platform. The newest Read more …

Bitcoin appears to have finally broken out of the period of consolidation that has played out over the last week, as mentioned in a previous BTC analysis. Traders question the sustainability of this recent breakout as volume levels remain low. Bitcoin Hourly Chart Analysis On the 1 hour chart for XBT/USD, we can see the attempted breakout as the current market price breaches through the overhead resistance forming a clear asymmetrical triangle. It’s important to note that volume has remained Read more …

Stablecoins launched atop the Ethereum blockchain are growing better than Venmo, according to blockchain research firm TradeBlock. The New York company measured and combined the volumes of five Ethereum-based stablecoins – Dai, Gemini Dollar, Paxos, USD Coin, and Tether – between Q1/2018 and Q1/2019. The first fiscal quarters showed slight growths in their net transactions. But in Q4/2018 and Q1/2019, the volume surged exponentially compared to previous recordings. Transaction Counts of Ethereum-based Stablecoins | Image Credits: TradeBlock, Mihailo Djelic TradeBlock pitted Read more …

Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency According to the latest instalment of the rankings, which the CCID Research Institute of the Ministry of Industry and Information Technology of China publishes regularly, Bitcoin came in 11th place. The CCID began issuing periodic rankings of major cryptocurrencies in 2018, and currently includes 37 tokens in its evaluations.  Each scores points in three Read more …