Month: July 2018

Major Crypto Assets See Solid Growth, Total Market Cap Holds Above $300 Billion

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July 26: crypto markets are seeing a healthy flush of green, with most of major crypto assets seeing solid growth over the 24-hour period, as data from Coin360 shows. After leading last week’s major market rally when Bitcoin (BTC) broke the $8,000 psychological price point, the leading cryptocurrency has been consolidating its gains. Altcoins are also holding market confidence, with most of the top ten coins by market cap seeing growth of between 1 and 7 percent on the day to press time, according to CoinMarketCap. Market visualization from Coin360…

Is Bitcoin’s Bull Run Done?

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Editor’s Note: The price analysis was drafted at 19:30 UTC, July 26th. Amid a treacherous start to 2018, Bitcoin began bouncing back May 10th when the coin’s market capitalization dominance began its 11% ascent to 46.9%. In the past week Bitcoin has returned 9.7%, and in the last month is up almost 45%. In the onset of what seems to be a bull stretch, the digital asset is still a long way away from its near $20,000 high back in January of this year. Sentiment remains strong as nations around…

South Korea’s Financial Watchdog Urges Lawmakers to Move Forward With Crypto Bill

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South Korean watchdog the Financial Services Commission (FSC) has urged lawmakers to hasten their approval of the country’s first cryptocurrency bill, Bloomberg reports July 26.    Hong Seong-ki, head of the FSC’s virtual currency response team, has reportedly warned of the security and money laundering risks courted by the country’s domestic crypto exchanges. Bloomberg cites Seong-ki as saying that: “While crypto markets have seen rapid growth, such trading platforms don’t seem to be well-enough prepared in terms of security. We’re trying to legislate the most urgent and important things first,…

Valuation of Crypto Market Surpasses $300 Billion, Did ETF Cause BTC to Rally?

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The valuation of the crypto market has surpassed the $300 billion mark, as bitcoin recovered to $8,200 and small cryptocurrencies experienced a spike in value over the past 48 hours. Slight Decline in Momentum On July 25, at its peak, the price of bitcoin achieved $8,500, as its volume skyrocketed from $3 billion to $6 billion within merely hours. Since then, bitcoin has declined slightly by less than 4 percent and stabilized in the $8,200 region. As of July 26, the daily trading volume of bitcoin remains below $5 billion,…

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

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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

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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

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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

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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

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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

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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…