Day: July 26, 2018

Bitcoin ‘Waiting for Reasons to Go Higher’, Says Blockchain VC Partner Spencer Bogart

boss

Blockchain Capital partner Spencer Bogart compared Bitcoin (BTC) to a “tinderbox” July 26, telling CNBC prices could grow further due to multiple “catalysts.” Speaking to CNBC’s Fast Money, Bogart, who is regular commentator on the network and on cryptocurrency social media, adopted a notably bullish tone compared to just weeks ago when Bitcoin was trading around $6,000. “Any number of catalysts could send bitcoin exploding higher,” he forecast, adding: “Bitcoin is kind of a tinderbox right now, waiting for reasons to go higher.” Bogart’s increasing optimism adds to a popular…

Crypto Daily News | Bitcoin (BTC) Bull Run, Petro Coin, and MetaMask

boss

On today’s segment of Crypto Daily News, we’ll cover the thriving Bitcoin (BTC) and the cryptocurrency market, Venezuela’s president trading the national currency for one tied to its ‘Petro Coin,’ and MetaMask being removed from the Google Chrome store for a few hours. Crypto Daily News: July 26th, 2018 Crypto Daily News: Bitcoin (BTC) and the Crypto Market Bitcoin has been on a nine-day bull run, and currently, the cryptocurrency is still sitting above the $8,100 mark. Source: CoinMarketCap At press time, BTC is trading at $8,193.45 a coin, up…

Tech Giants Hitachi, KDDI Trial Blockchain Biometrics Verification System for Retail

boss

Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI are trialing a retail coupon settlement system that combines blockchain with biometrics, Cointelegraph Japan reports today, July 26. This week, staff from the two firms are participating in an experimental demonstration at a KDDI store in Tokyo’s Shinjuku district, as well as a local donut shop. The trial integrates Hitachi’s Hyperledger Fabric-powered platform with biometric verification technology and KDDI’s existing retail coupon system. Users will first register their biometric data and coupon credits at a KDDI store, and then proceed to settle…

Iran ‘Preparing Ground’ for National Cryptocurrency to Dodge US Sanctions

boss

Iran has confirmed it will press ahead with creating its own state-issued cryptocurrency to circumvent incoming U.S.. sanctions, local media Press TV reported July 25. Quoted by local news media outlet ISNA and translated by PressTV, Alireza Daliri, deputy for management and investment at the Directorate for Scientific and Technological Affairs, said plans for the creation of a working digital currency were already on its agenda. “We are trying to prepare the grounds to use a domestic digital currency in the country,” Daliri told ISNA, continuing: “This currency would facilitate…

Digital Asset Trading Platform Unveils Plan to Share Revenue With Users

boss

A digital asset trading platform says its “superior circulation capabilities” can help tokens thrive in the crypto world, through financial-level services that enable tokens to be issued more quickly. BitForex claims that many of its rivals lack transparency when launching currencies — and their desire to maximize profits can act as a major obstacle when entrepreneurs are attempting to launch new digital currencies. The company hopes to integrate the token economy into the real world quickly, as it believes this would “promote economic and social innovation.” One stop shop for…

Major Chinese Social Network Tianya to Launch Native Cryptocurrency Token

boss

One of China’s top twenty-five websites, social network Tianya Club, announced it was releasing an internal blockchain-based token July 25. In a blog post, Tianya said its 90 bln Tianyan Tokens (TYT) would function as a kind of rewards system and run in parallel to its existing Tianya Diamond token, which is not cryptographic.  Provided users have a sufficient number of Tianya Diamond, they will receive TYT, with a total of 80 percent of supply distributed to members. The remaining 20 percent will go towards operational requirements. “After half a…

Venezuela’s New Petro-Backed National Currency to Start Circulating in August

boss

The president of Venezuela Nicolás Maduro has announced that the country’s new cryptocurrency-backed national currency will start circulating August 20, local state news agency Telesur reported July 25. Telesur reports that the new currency, the Bolívar Soberano (Sovereign Bolivar), will have five zeros less than the existing national currency Bolivar Fuerte (VEF) and will be anchored to the oil-backed Petro (PTR) digital currency. The Petro was launched by the government of Venezuela this February. Maduro noted that the measure intends to align the financial and monetary system in the country…

Up 45%: Is Bitcoin’s Price Preparing for Long-Term Bull Market?

boss

Bitcoin’s (BTC) 45 percent month-on-month rally has likely put the leading cryptocurrency on the path to long-term success, technical studies indicate. As of writing, BTC is changing hands at $8,300 on Bitfinex, having clocked a two-month high of $8,507 on Tuesday. A month ago, it was all gloom and doom in the bitcoin market, perhaps warranted, as the cryptocurrency had created back-to-back long-term bearish chart patterns in the month of May and June. Consequently, BTC looked primed for a move lower to $5,000. However, the inverse head-and-shoulders breakout seen earlier…

Bitcoin Price Watch: BTC/USD Short-term Correction Underway

boss

Key Points Bitcoin price topped near the $8,500 level and started a downside correction against the US Dollar. Yesterday’s highlighted key connecting bullish trend line was breached with support at $8,190 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it remains well supported near the $8,100 and $8,000 levels. Bitcoin price is facing a minor selling pressure below $8,500 against the US Dollar. BTC/USD must stay above $8,000 to avoid an extended correction. Bitcoin Price Analysis Yesterday, we saw…

Ethereum Classic Price Analysis: ETC/USD Primed for More Gains

boss

Key Highlights Ethereum classic price is moving higher and is currently placed above $16.00 against the US dollar. There was a break above a key bearish trend line with resistance at $16.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is following a contracting triangle with support near the $16.45 level. Ethereum classic price is moving with bullish signs against the US Dollar and Bitcoin. ETC/USD is likely to extend gains above the $17.00 level in the near term. Ethereum Classic Price Trend There…