Month: July 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 25

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Institutional investors and the approval of a crypto exchange traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) are the two possible triggers that could boost the recovery in cryptocurrencies. The SEC has decided to postpone making a decision on the…

Crypto Ads on Google | Company Confirms the Ban Remains

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A bittersweet moment hit the crypto industry Wednesday morning. At the start of the week, platforms were alerted that crypto ads on Google were back. Specifically, advertisements for Coinbase. However, this was all speculation, and we even noted that it could be a mistake—and that’s what it was. The online media giant has confirmed that, no, crypto ads on Google are not back. Why is this bittersweet? Well, many hoped that Google was following in the lead of Facebook, which lifted rules on the crypto industry. Many disagreed with an…

Ex-Programmer of Russian Payments Firm Qiwi Used Company Equipment to Mine 500K Bitcoins, CEO Claims

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The CEO of Russian payment services provider Qiwi Sergey Solonin has claimed that an ex-employee of the company used its payment terminals to mine bitcoins in 2011. The programmer, who has not been named by Solonin, has managed to mine 500,000 bitcoins, according to a July 25 report by news site Meduza. During his lecture at the Moscow Advanced Communications School (MACS), Sergey Solonin said that one of Qiwi’s programmers had used its payment terminals for cryptocurrency mining, managing to mine 500,000 bitcoins in 2011, worth about $5 million that…

Crypto Asset Brokerage Co-Founded by Uber Ex-CTO to Launch Zero-Fee Trading App in 2018

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A licensed U.S. crypto asset brokerage dubbed ‘Voyager’ has revealed plans to launch a zero-fee mobile trading app in Q4 this year, according to a press release published on BusinessWire today, July 25. The new platform intends to bring investors a single access point to trade and manage their assets across multiple crypto exchanges, without charging fees or setting minimums for orders. Voyage will use smart order routing (SOR) — a software popular with banks and brokers in traditional markets that uses algorithms when directing orders across various trading venues…

Bitcoin Price Awaits Possible Spoiler Ahead of July Futures Close

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Bitcoin traders may have their eyes on a different kind of chart this week. That’s because Friday, July 27 is the date that bitcoin futures contracts offered by derivatives giant CME Group are scheduled to expire. A financial product that lets institutions and professional traders long or short the crypto asset (betting on its future performance), history shows the price of bitcoin drops 7.89 percent on average in the five days prior to a contract expiration. As such, data suggests the event could trigger a healthy pullback in prices for…

BTCUSD Likely to Retest $8,500

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A $300 drop sounds problematic in a traditional market, but the sentiment is not the same when it comes to Bitcoin. The digital currency, in the past week, rose over 39% against the U.S. Dollar to eventually establish 8511-fiat as its new weekly high. The upside is credited to serious sellers exiting the market, leaving behind the holders and intraday players to buy the token cheap. In the past 24 hours, however, the BTC/USD has slipped to as low as 8165-fiat, owing to an unavoidable correction phase. So, is the…

Self-Regulatory Crypto Exchange Association Considers Margin Trade Limits to Stem Losses

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The Japan Virtual Currency Exchange Association (JVCEA) said it wants to place restrictions on member exchanges’ margin trading. The news of the plans of Japan’s self-regulatory cryptocurrency body comes from a Chinese media report July 24. Margin trading is the practice of borrowing money from the broker, used by crypto traders to buy or sell more cryptocurrency than they could afford on their own – thereby increasing their potential profits, along with the losses. The JVCEA, which is still testing the water regarding its own effectiveness after officially coming into…

Tokens and Small Cryptocurrencies Start to Rebound as Crypto Volume Explodes

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The daily trading volume of the crypto market has increased from around $9 billion to $19 billion within a period of two weeks, by more than two-fold. Tokens Perform Well Bitcoin has remained relatively stable in the $8,200 region after reaching a monthly peak at $8,500, recording a slight drop from its high point. The volume of bitcoin against the US dollar and stablecoins like Tether (USDT) has increased by nearly four-fold since early July, and the global bitcoin volume has increased by exactly two-fold since last week. As the…

Bitcoin Holds Recent Gains Amid a Checkered Market Outlook

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July 25: Bitcoin (BTC) is holding its newly won gains, having led the week’s impressive uptick to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours — a price point it has not seen since mid-May — subsequently retracing to its current level. Bitcoin’s weekly and monthly gains are at a…

Catalonian Government to Develop Plan for Blockchain Technology Integration

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The Generalitat de Catalunya (Government of Catalonia) has revealed a plan for blockchain tech implementation in its public administrative activity, according to the official press release July 24. The Generalitat de Catalunya, an official governmental institution of the Spanish autonomous community of Catalonia, will promote blockchain technology “with the aim of improving digital services to the public and promoting the potential of this technology between the Administration, companies and the citizen[s].” According to the press release, Catalonia’s Department of Digital Policies must develop a plan for incorporating blockchain tech in…