Day: June 19, 2018

BitTorrent Has ‘No Plans to Change’ After $120 Million Tron Acquisition

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Peer-to-peer file sharing service BitTorrent seemingly pushed back against claims it would begin using cryptocurrencies after being acquired by the Tron Foundation. In a statement posted to its website Tuesday, BitTorrent wrote that the company has “no plans to change” its business model and will not charge fees for any of its services. Further, the company stated that it has “no plans to enable mining of cryptocurrency now or in the future.” The company was recently acquired by the Tron Foundation’s Justin Sun, according to a report from Variety. The…

Crypto Startup Circle Reveals How It Chooses New Token Listings

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Blockchain startup Circle has released new details about how it will select cryptocurrencies for its trading and investment platforms. On Tuesday, the firm published its Asset Framework, providing a rough outline of what aspects are evaluated when assets are added to the Poloniex cryptocurrency exchange, as well as its Circle Invest and Circle Trade product lines. These criteria cover five different categories, which include the project’s fundamentals, the technology underpinning a token, the people behind a project, the business model employed and the available market, according to the document. In a release,…

Ethereum Price Watch | ETH/USD Shoots Higher, Reaches Week High

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Ethereum price watch: Ethereum edges higher today. Key Highlights: Ethereum price moved up by about 5% on Tuesday morning, reaching a seven-day high of $548.80. ETH/USD is currently on a major bullish run to test a resistance at $550. The cryptocurrency market continued its recovery from last week, adding $12 billion in 24 hours. Ethereum Price Watch: ETH/USD Edges Higher, Hits Weekly High Ethereum price edged higher on Tuesday morning, hitting a weekly high of $548.80. Currently, ETH/USD is in the $530-$540 price range. A major support has been established…

Jack Dorsey’s Square Cash App Receives Tough BitLicense Approval

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Square, a payment processing tech company owned by Jack Dorsey, just announced that it has obtained a New York BitLicense. Square App is just the seventh company to receive this approval from the New York State Department of Financial Services (NYDFS). ? Our customers in New York state can now buy and sell Bitcoin instantly with Cash App! https://t.co/4R0n5sbNpM ? pic.twitter.com/1WzjiQ751I — Cash App (@CashApp) June 18, 2018 A Twitter user replied to the post with a question about sending and receiving Bitcoin and Cash Support responded to the question by…

Tron Price Pumps Following BitTorrent Acquisition

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The Tron price surged more than 17 percent on Tuesday amid reports that founder Justin Sun is now in the final stages of closing a deal to acquire peer-to-peer protocol developer BitTorrent. Tron Founder Justin Sun to Acquire BitTorrent for $140 Million Rumors about the acquisition had circulated for weeks, but several disputes — including allegations that BitTorrent had violated a no-shop clauses — had hampered the negotiations. However, TechCrunch is now reporting that Sun and Tron have agreed to acquire BitTorrent for $140 million and that approval documents have…

Bitcoin Price | Why Warren Buffett’s Comments Are Important

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Bitcoin price (BTC) rallied 50% last month amid improving trader confidence. The market pundits, however, are predicting BTC price to reach $20,000 by the end of this year. The overall trader’s sentiments and market data have also been supporting bull’s stance. The potential institutional investment and claims for higher adaptation are adding to traders sentiments. However, Warren Buffett – the stock market specialist and business icon, has different thoughts about the cryptocurrency markets. He refuses to invest in bitcoin and other digital currencies when several other institutional investment firms (such as Goldman…

$7k? Bitcoin Price Looks North After Six-Day High

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Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data. The $400 rally may have trapped a few bears on the wrong side of the market, given the pennant breakdown on the 4-hour chart had called for a drop to $6,000. Yesterday’s gravity-defying price action in BTC…

Investors Turn Bullish as Cryptocurrency Market adds $12 Billion 24 Hours

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Over the past 24 hours, the cryptocurrency market added $12 billion, as major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Bitcoin Cash experienced a short-term corrective rally. Breathing Room, But Not Entirely Optimistic The Bitcoin price rebounded from $6,300 to $6,700, breaking a descending trendline since May 3, when BTC achieved $10,000. While it is too early to conclude that BTC has entered into a mid-term rally given that it is still likely for BTC to fall below the $6,000 mark in the short-term, the cryptocurrency market has gained a breathing…

Active Blockchain Projects in Use? Logistics is Overtaking Finance

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Many predicted that finance would be among the first innovators in blockchain. Harvard Business Review concluded that education about blockchain is no longer lacking in finance as it is in industries like manufacturing, predicting we’ll see finance projects finished first. Part of that statement is true. Manufacturing has indeed fallen behind in understanding blockchain, but they’re much faster to move when they start. For example, the executive team of Saint-Gobain, a manufacturing giant located in 67 countries, recently met with consultants from BlockchainDriven during an Innovation session to learn more…

Bitcoin Wallet Supporting the Lightning Network

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Well, that was fast. ‘Eclair’ – the first Bitcoin wallet supporting the Lightning Network, has been removed from the Google Play store, mere days after being added. Not long ago, on April 4th, a French tech company called ACINQ added the first mobile wallet that allowed for Bitcoin transactions via the Lightning Network. The app was available through the Google Play store for Android devices fitted with the operating system version 5.0 and higher. Several days later, on April 7th, the company tweeted they had lost the signing key for the…