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Bitcoin and the aggregated crypto markets have been facing increased volatility as of late, and following a sharp move towards $11,000 yesterday, BTC has been unable to garner any significant buying pressure and has been drifting lower. Analysts are now noting that Bitcoin’s bears are ramping up the selling pressure, which could result in a bearish weekly candle close that could spell trouble for the cryptocurrency. Bitcoin Drifts Lower After Sharp Rejection at $11,000  At the time of writing, Bitcoin Read more …

The Iranian Economic Commission has reportedly finalized a tariff scheme for cryptocurrency miners, according to a July 21 report from Iranian economic daily Financial Tribune.  Per the report, Energy Minister Homayoon Ha’eri announced that, while the tariff scheme has been finalized, it is awaiting approval from the Cabinet of Iran — a governmental body consisting of various ministers and other officials chosen by the president.  While Ha’eri did not elaborate on the exact price scheme, he stated that the price Read more …

Despite the fact that Bitcoin is the leading crypto, altcoins — the blanket term given to cryptocurrencies that aren’t BTC — were all the rage in late-2017 and early-2018. In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This so-called “altseason” was catalyzed by a Cambrian explosion in the number and variety of cryptocurrencies, the ICO revolution, and massive growth in older projects like XRP Read more …

Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend.  Earlier today, July 21, Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO of Berkshire Hathaway via tweet. Assia quickly responded saying, “Justin, it is my honor to join you for lunch with @WarrenBuffett. A big step for Read more …

According to a recent report, the Bank of America has filed for a patent for a settlement system citing the Ripple ledger. Going by the file uploaded, the patent in question describes a system using distributed ledger technology (DLT) as an interbank communication tool. The file was published on July 6, 2019. According to the patent filed, the proposed system is going to enable real-time settlement and transactions will be communicated through a shared, decentralized ledger. All parties involved in Read more …

British swimmer Adam Peaty is breaking world records. And he’s making millions doing so. Peaty first reached international fame with his triumphant performance at the 2016 Olympics. He broke a world record while bringing home Britain’s first men’s swimming gold medal in 28 years. OLYMPIC CHAMPION pic.twitter.com/l4Kjyj0UbE — Adam Peaty MBE (@adam_peaty) August 8, 2016 He broke his own speed record this week at another World Championship event. Peaty specializes in the breaststroke rather than swimming multiple events. This means Read more …

Benoit Coeure, a board member of the European Central Bank, said that Facebook’s Libra coin will not launch until global regulators are satisfied.  Speaking to Reuters at the G7 summit in Chantilly, France on July 18, Coeure said that the proposed stablecoin must be guaranteed to be safe for users before it can launch: “You’ve got to be safe, robust and resilient from day one. It’s not a learning process: either it works or it doesn’t.” Coeure stated that guaranteeing Read more …

Bitcoin and the entire cryptocurrency markets have incurred a severe bout of volatility over the past several weeks and months, which has primarily been in favor of the cryptocurrency’s bulls. Lately, Silver has also been incurring some positive price action, and one analyst believes that this has largely been driven by investors increasingly viewing Bitcoin as being too volatile to be an effective safe haven asset. Silver Price Surges as Bitcoin Faces Strong Selling Pressure  At the time of writing, Read more …

Bakkt, a subsidiary of the Intercontinental Exchange (ICE), based in Atlanta U.S, is going to start accepting testing for its Bitcoin futures starting tomorrow, July 22, 2019. Adam White, the Chief Operating Officer at Bakkt revealed in a recent blog post that the company’s Bitcoin futures will be listed and traded on ICE Futures U.S. and cleared at ICE Clear U.S. The Digital Asset Markets is in Need of Better Trading Tools, as well as More Regulatory Clarity White, who was Read more …

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Libra hearings: Hostility and criticism as Congress grills Facebook executive A godsend to drug dealers. More dangerous than 9/11. A global economic threat. Congress was given two days to grill the head of Facebook’s Read more …

Recent research published by Messari revealed that bitcoin (BTC) is not at all the financial threat that some critics claim. Messari said that they performed the research in response to recent remarks by U.S. Treasury Secretary Steven Mnuchin. Data from Chainalysis and the United Nations Office on Drugs and Crime revealed that traditional fiat money is used 800 times more than bitcoin to launder money on the darknet. The results don’t take into account estimates of money laundering through conventional Read more …

Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents. The patent in question — the application of which was published on June 6 — describes a system using distributed ledger technology (DLT) as an interbank communication tool. The proposed system would enable real-time settlement with transactions being communicated through a shared, decentralized ledger to which both the banks would have access. The decentralized network would both Read more …