Day: July 21, 2018

Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

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Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week’s upswing. The top ten altcoins are solidly regaining strength today, up as much 8 percent, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday’s levels.   Market visualization from Coin360 The top cryptocurrency is currently trading at $7,426 at press time, up just under 1 percent on the day. Bitcoin saw an intraday low of $7,246. Low point in Bitcoin’s 24-hours chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH)…

Crypto Market Very Volatile, Positive Atmosphere as 0x Gains 12% and Tokens Rise

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The crypto market has been extremely volatile over the past 24 hours, especially small tokens and digital assets, possibly due to the decline in volume in the past week. Bitcoin’s Weird Movements Yesterday, on July 21, the price of bitcoin surged from $7,400 to $7,600 in a span of 10 minutes, with a spike demand on major cryptocurrency exchanges including Binance and Bitfinex. However, almost immediately after the spike, the price of bitcoin crashed from the higher end of $7,600 to the lower end of $7,300, bringing along other major…

What Went On at US Congress Crypto Hearings

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July 18 proved to be an important day for the crypto industry, as two separate U.S. Congress hearings centring the matter were held: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two stroke completely different tones: while the latter echoed the most conservative sentiments regarding the realm of crypto (with the somewhat obligatory call for a blanket ban), the former seemed more positive, as the board of experts provided the regulators with collected considerations bothering the industry. Nevertheless it’s the House…

Worst Not Yet Over for Bitcoin Price: BitMEX CEO Arthur Hayes

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Seems like that anticipated trip to the Lambo dealership will have to be put off for later. According to the co-founder and CEO of Bitcoin Mercantile Exchange, Authur Hayes, the rally that bitcoin has experienced this week was accompanied by healthy volumes, making it possible for higher levels to be reached. However, prices could reverse and test the US$5,000 level again. “I don’t actually think we’ve seen the worst. I think this is a very strong rally on good volume and we definitely could see $8,000 … $9,000 … and…

Liverpool Aims to Become ‘World’s First Climate-Positive City’ Using Blockchain Tech

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The Liverpool City Council (LCC) announced it will be using blockchain tech to mitigate the city’s climate impact, local news outlet edie.net reported July 19. A tweet from the LCC explains that the effort to reduce the city’s climate impact is a bid to become the “world’s first climate-positive city by 2020.” The LCC will partner with the Poseidon Foundation to conduct a year-long trial of a blockchain platform that will facilitate the security and exchange of tokenized carbon credits with the goal of offsetting the city’s climate impact by…

Celebs and Crypto: A Mixed Bag of Crypto Collaboration

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In 2017, cryptocurrencies were thrust into the faces of millions like never before, as Bitcoin and numerous altcoins soared to breathtaking highs. What followed can only be described as a media frenzy, as any noteworthy publication, website and media agency had some sort of coverage of Bitcoin and crypto toward the end of the year. Most businesses wouldn’t have enough money to pay for this much advertising — but that is largely due to the fact that Bitcoin and its brethren cruised to all time highs that may not be…

Lufthansa Announces Global Blockchain Challenge for the Aviation Industry

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Lufthansa Innovation Hub (LIH) and the SAP.iO Berlin Foundry have teamed up to launch the first ever Aviation Blockchain Challenge worldwide. Announced in a blog recently, the challenge seeks to explore potential opportunities and drive adoption of Blockchain technology in the airline industry. The Challenge According to the reveal announcement, application of blockchain technology in finance currently dwarfs what is obtainable in the Travel and Mobility Tech scene. In order to change this, the challenge aims to attract the most talented blockchain entrepreneurs from all over the world and give them an…

China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

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The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the U.S. then used that money to buy a 100,000-square-foot mansion in Los Gatos, a 90-minute drive from San Francisco, California. His Rolls-Royce, also purchased with the fruits of bitcoin arbitrage, sits in the driveway close…

Crypto Trading 101: Bull and Bear Flags (And What They Mean for Price)

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When it comes to making big money in trading, the trend is your friend. But spotting the trend when it is in the nascent stage is challenging, and running along with it right up to the top is an even bigger challenge. That’s because asset prices rarely see a 90-degree rally or collapse. More often than not, trends (bullish/bearish) will pause briefly to allow traders or investors who missed the initial move (higher or lower) to join the bandwagon. If the participation increases, the asset price extends the bull or bear…

Coinbase Now Has Its Own Political Action Committee

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San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. In the U.S., PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political campaigns for or against candidates, legislation, or ballot initiatives. PACs must register with the Federal Election Commission.  Following the 2010 Supreme Court case of Citizens United v. FEC, PACs became the subject of some controversy, as some see them as means for…