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Bitcoin and Altcoins Trading Near Make-or-Break Levels
26.7.2019
Yesterday, we saw a decent rise in bitcoin price above the USD 10,000 level, but also discussed hurdles near the USD 10,200 level. BTC/USD failed to continue above USD 10,200 and it started a downside correction. The price declined below USD 10,000 and tested the USD 9,650 support. Similarly, there...
Huawei Founder Says China Can Issue Own 'Libra'
26.7.2019
Ren Zhengfei. Source: a video screenshot, Youtube, Financial Times
Ren Zhengfei, the founder and CEO and of Chinese giant Huawei that was recently blacklisted* by the U.S., said that China can issue a similar digital token to Facebook's Libra.
Responding to Italian media questions whether Libra...
Russian Manufacturers Want to Sell Arms ‘using BTC or Stablecoins’
26.7.2019
Soyuzmash, a body of Russian military and civilian vehicle makers wants the country’s Central Bank to grant it permission to accept cryptocurrency payments in international arms deals – as an attempt to circumvent sanctions. Soyuzmash’s proposal has the backing of the parliament’s defense...
Florida-based Firm ‘Letting Venezuela Dodge US Sanctions with Bitcoin’
26.7.2019
Venezuela is reportedly using cryptocurrencies like bitcoin to sidestep American sanctions using a Florida-based company – while the country’s financial regulator has green-lighted wide-reaching crypto pay measures for its own Petro token.
Per a report published earlier this week by Spain’s...
Ripple’s Q2 Report: XRP Up, Volume Down, Benchmark Changed
25.7.2019
Ripple, a California-based blockchain startup focusing on the banking sector, released their Q2 XRP Markets Report for this year, which shows that XRP price is up, but trading volume is down.
These are the major points delivered by Ripple’s second-quarter report:
Sales of Ripple’s native token...
A Story of 1 Picture: How Blockchain Startup Accidentally Met Jack Ma
25.7.2019
Jack Ma. Source: a video screenshot, Youtube, Viva Technology
A rather unusual and amusing story happened to a Lithuania-based blockchain startup, Lympo, on Wednesday.
Apparently, the founder and chairman of a China's giant Alibaba Group, one of the China's richest men, Jack Ma, was visiting...
20 y/o Crypto Millionaire Briefed Congressional Representatives on BTC
25.7.2019
Source: Twitter, @erikfinman
Erik Finman, the twenty-year-old crypto millionaire and one of the earliest and youngest investors in Bitcoin, talked to Congressional Representatives about Bitcoin and cryptocurrencies.
Finman said in a tweet: “Today I briefed Congressional Representatives...
Major Airline, Norwegian, Lifts Bitcoin Adoption to the Sky
25.7.2019
Source: iStock/Björn Forenius
The low-cost carrier and one of the biggest airlines in Europe, Norwegian, will allow its passengers to pay for tickets in cryptocurrency, including the most popular one, bitcoin, but also to trade on the airline’s very own crypto exchange.
Only customers living...
Bitcoin and Altcoins Rebound But Facing Uphill Task
25.7.2019
This week, we saw a downside extension in bitcoin and altcoins. BTC/USD broke the USD 10,000 and USD 9,800 support levels. However, the USD 9,500 level acted as a decent support, resulting in the start of an upside correction. The price gained nearly 5% in the past three sessions and even settled...
John McAfee Released from Detention
25.7.2019
Source: Twitter, @officialmcafee
Prominent crypto advocate and IT security entrepreneur, John McAfee is back after being detained by the authorities in the Dominican Republic.
According to the Associated Press, the officials said that the millionaire, his wife, and four other companions were...
Confusion Reigns as Tron’s Justin Sun Posts and Deletes Apology
25.7.2019
Justin Sun. Source: a video screenshot, Youtube, BlockTempo TV
The plot is continuing to thicken in the curious case of Tron’s Justin Sun and the lunch that never happened with Warren Buffett.
As previously reported, the Tron chief and Buffett, a crypto-skeptic billionaire, had been set to meet...
Seoul Gives Go-ahead to Blockchain Free Zone – But There’s a Twist
25.7.2019
Busan. The South Korean government has given the green light to a special free economic blockchain zone in Busan, the country’s second-largest city – but early indications appear to suggest that Seoul will block any attempts to allow initial coin offerings (ICOs), which will remain banned in...
Bitcoin Above USD 10K Again, Outperformed by Ether, EOS and Others
25.7.2019
The crypto market is in green today - bitcoin is back above the USD 10,000 level, while other major coins outperform the most popular cryptocurrency and only nine tokens from the top 100 are in red now.
At pixel time (04:36 UTC), bitcoin trades at c. USD 10,105 and is up by almost 5% in the past...
Cryptoasset Margin Trading: How Safe is it?
24.7.2019
The major digital asset trading platform, Binance, recently announced that it now also supports margin trading and warned that it “is highly subjected to market risk”. However, in a recent interview with Bloomberg, Binance CEO, Changpeng Zhao, said that the margin trading offering is “quite safe...
E-Commerce Giant, Newegg, Expands BTC Payment to 73 More Countries
24.7.2019
Source: Instagram, Newegg
Major U.S.-based online retailer Newegg said it will start accepting bitcoin in 73 additional of its country-specific stores.
Given that Newegg provides its services in 81 countries, with plans to add more according to their website, today’s announcement means that “Newegg...
Hyundai Pay to Expand Blockchain Services, E-commerce App Makes Waves
24.7.2019
South Korea’s fast-growing blockchain industry continues to show signs of health – with one of the country’s biggest conglomerates stepping up its blockchain operations.
Hyundai Pay, the electronic pay arm of the wider Hyundai Group, says that it has appointed a new CEO with a view to “expanding...
Facebook's Word Play Puts Libra's Promise Under Question
24.7.2019
David Marcus, co-creator of Libra, head of their Calibra wallet. Source: a video screenshot, Youtube
Until the necessary regulatory approvals are gained, Facebook's Libra will not be launched, David Marcus, co-creator of Libra, head of their Calibra wallet, said on multiple occasions. But what...
Bitcoin and Altcoins Showing Signs of Continuing Weakness
24.7.2019
Yesterday, we discussed the chances of more downsides in bitcoin price if it breaks the USD 10,000 support. BTC/USD did trade below the USD 10,000 support and it might continue to slide in the coming sessions. Similarly, there were bearish moves in most major altcoins, including ethereum, bitcoin...
McAfee Allegedly Detained by Authorities
24.7.2019
Source: Twitter, @officialmcafee
Prominent crypto advocate and IT security entrepreneur, John McAfee is allegedly missing and detained by authorities, according to the Twitter threads posted on his official account.
There are still no official information related to this, however, McAfee's...
UnionBank Claims Cross-border Blockchain Remittance Breakthrough
24.7.2019
UnionBank of the Philippines says that has successfully completed a blockchain-based remittance transaction from Singapore to its home country – becoming the first Philippine bank ever to do so.
The pilot was conducted in conjunction with the OCBC Bank in Singapore and fellow Philippines-based bank...