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Bitcoin and Altcoins Start Short Term Recovery
31.7.2019
Yesterday, we saw a few positive and recovery signs for bitcoin and altcoins. BTC/USD formed a support base near the USD 9,320 level and recently corrected higher. It is up around 2.5% and recently broke the key USD 9,500 resistance level. Similarly, there were bullish moves in ethereum, ripple...
Bitcoin Miner Maker Canaan Confidentially Files for IPO in US: Report
31.7.2019
Canaan Creative, the major bitcoin miner manufacturer, has confidentially filed for an IPO in the U.S., say IFRAsia sources
Indian Finance Minister Addresses Crypto Proposal – Industry Responds
31.7.2019
India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed...
7 Reasons Bitcoin is a Preferred Funding Option for Online Casinos
31.7.2019
Bitcoin has been in the news for well over a decade now, and despite its ups and downs, including its most recent loss of momentum, it is still a preferred payment method in online casinos. Below, you can discover seven reasons why people prefer Bitcoin over other payment options, and some of them...
China Publishes New Rankings of 37 Crypto Projects
31.7.2019
China’s Center for Information and Industry Development has published its latest crypto rankings. Thirty-seven projects have been evaluated and ranked overall as well as in three separate categories. Some favorites have changed and two projects have been added to the previous list of projects...
Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia
31.7.2019
An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals
WATCH: Metal Pay CEO Says He Isn’t a Bitcoin Maximalist
31.7.2019
Cypherpunk and CEO of Metal Pay, Marshall Hayner, thinks regulation is coming one way or another and that the best thing to do is keep an open mind and get educated
Is it Time to take Inspiration from the Decentralized BTC?
31.7.2019
Yesterday, Capital One informed that on 19th July, the company discovered ‘unauthorized accesses to its sensitive information database. The individual behind this act has been arrested. The offender stole 100 million Capital One customer’s account and credit card information. The crime and...
Despite Ailing Current Prices, CNBC’s Joe Kernen Predicts $55,000 BTC Price By Next Halving
31.7.2019
Bitcoin (BTC) has been stagnant at around $9,500 for the last few days, after drastically falling from last month’s high of around $14,000. At a time when the world is talking about whether Bitcoin would survive or continue to fall, CNBC’s co-host for the Squawk Box Program, Joe Kernen...
Ethereum vs Bitcoin: ETH and BTC Start to Recover the Price Loss on a Weak Note
31.7.2019
BTC and ETH, both are correcting up from lows The overall picture for Bitcoin and Ethereum is a bit bearish Bitcoin is significantly below $10,000 and is even struggling to remain above $9500 Ethereum is correcting up from $205, both the coins are rebounding on a weak note In the last 24 hours...
Testing Haven, OB1’s New Social Media and Crypto Marketplace App
30.7.2019
On Monday, OB1, the development team who created the crypto-infused marketplace Openbazaar, launched a new platform called Haven. The application is a mobile version of the Openbazaar marketplace, but also includes social media, end-to-end encrypted messaging, and noncustodial wallet services for...
Former Brazilian Central Bank Chief Praises Bitcoin, Libra
30.7.2019
Gustavo Franco. Source: a video screenshot, Youtube, Canal UM BRASIL
The former governor of the Central Bank of Brazil has heaped praise on Bitcoin – and suggested that McDonalds and Starbucks follow suit with Facebook, and consider launching cryptocurrencies of their own.
In an editorial piece...
When Cash Is Banned, Centralized Cryptos Are Not Going to Save You
30.7.2019
Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many...
Senator Admits U.S. Can't Ban Bitcoin, Crypto Market Goes Up
30.7.2019
The crypto market corrected higher following a hearing entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” at the U.S. Senate Banking, Housing, and Urban Affairs Committee today.
At pixel time (16:33 UTC), bitcoin trades at c. USD 9,697 and is up by 1% in the past...
Bitcoin Price Analysis: BTC Makes Constant Efforts to Top $9500 Stably, Faces Hurdles
30.7.2019
Bitcoin is in an attempt to climb above $9500, though fails to clear resistance BTC recently had a close above $9500, but couldn’t remain there and pulled back near $9490 The coin has recently found support at $9467.95, although it continues to move sluggishly Bitcoin continues to trade bearishly...
Bitcoin’s (BTC) Market Cap Shows a Loss of 21% Over the Last Month
30.7.2019
Bitcoin lost about 20% over the last one month. It is likely to reach 15,000 USD by the end of 2019. Bitcoin seems to have lost the track. After days of anticipation of growth, the coin is now probably heading towards its support zone. Here we will analyze Bitcoin’s price movement against...
Reddit Roasts the IRS: Have America’s Tax Collectors ‘Gone Crypto Fishing’?
30.7.2019
In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by...
What Three Bitcoin Metrics Show
30.7.2019
As bitcoin price is showing some early signs of a possible recovery, let’s take a look at three popular valuation metrics for bitcoin to better understand the current situation in the market.
NVT Ratio
The Network Value to Transactions (NVT) Ratio for Bitcoin is now at 77.4. This is within...
Curtin University to Accept Cryptocurrency-Based Funds for Ph.D. Program
30.7.2019
The Australian University Curtin has introduced an innovative cryptocurrency Ph.D. scholarship fund. The data scientist of Curtin has designed the program in the way that companies and individuals can donate to fund the Ph.D. students studying subjects like cybersecurity, blockchain, and data...
Bitcoin (BTC) Trades Below $9500, Will the Year-End Lead to a Pale Closing of the coin?
30.7.2019
Bitcoin slips below its major support level of $9500, consolidating support near $9300. BTC price plunge has led to losses for the investors. With such trading momentum, will the coin close the year around $15,000 or slid to $7000; remains the crucial question. Just when the coin was seen...