Month: July 2018

Bitcoin Price Recovering from Winklevoss ETF Rejection is Positive Sign

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Fundstrat founder Thomas Lee, better known to the cryptocurrency community as Tom Lee, has expressed his enthusiasm towards the swift recovery of the bitcoin price from its drop in the past week. Recovery From Winklevoss Bitcoin ETF Rejection is Important On July 27, upon the rejection of the Winklevoss bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), the price of BTC fell from $8,300 to $7,800, by more than six percent in a three-hour period. Within 12 hours after its drop, the bitcoin price recovered from $7,800 to…

New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik

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A Greek court has accepted a Russian request to extradite Bitcoin (BTC) fraud suspect Alexander Vinnik, complicating subsequent international litigation, the Associated Press reported July 30. A panel of senior judges in the city of Thessaloniki ruled in favor of a new extradition request from Russia for the accused computer expert. At a hearing on Monday, Vinnik reportedly denied allegations of fraudulent activity and said that he was fighting U.S. dominance in the global financial system. The court’s decision complicates the case as the U.S. and France seek his extradition…

Universities Finding Their Role as Researcher and Promoter

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The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Blockchains and cryptocurrencies are still young. The ones in actual operation still have a range of teething problems and weaknesses, while they also lack the widespread adoption that would forcibly accelerate their development and provide an expanded testing ground for new technical solutions. There are, however, an increasing number of universities that have been opening groups, centers and laboratories dedicated to research into cryptocurrencies, and despite being young themselves, these promise to significantly advance…

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Chamber of Digital Commerce Proposes Guidelines for ‘Responsible’ Crypto Market Growth

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The Chamber of Digital Commerce Token Alliance has released a collaborative report of proposed guidelines for “responsible growth” of the cryptocurrency market, according to their July 30 press release. The Chamber of Digital Commerce is a blockchain and cryptocurrency advocacy group, founded by Perianne Boring in 2014. The document, entitled “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers & Practitioners,” is broken up into three sections: a regulatory overview of digital token markets in five countries, principles for those distributing digital tokens that are not intended to be securities,…

Crypto Market Cap Down to $295 Billion, Short-Term Drop For Bitcoin Expected

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Over the past 24 hours, the valuation of the crypto market has dropped slightly from $300 billion to $295 billion, as the bitcoin price declined from $8,300 to $8,150. Tokens including Aelf (ELF), Holo (HOT), Zilliqa (ZIL), Binance Coin (BNB), and 0x (ZRX), which performed well against both bitcoin and the U.S. dollar last week, dropped substantially by nearly 10 percent. The dominance index of bitcoin, which evaluates the dominance of bitcoin over the entire cryptocurrency market, has increased to 47.5 percent, its highest level since early January when the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 30

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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. Fatfish Internet Group CEO Kin-Wai Lau believes that a Bitcoin exchange-traded fund (ETF) might be a reality within “a couple of months.” However, industry experts are divided on whether a Bitcoin ETF is necessary or not. U.S. Securities and Exchange (SEC) Commissioner Hester…

Charlie Lee to Advise Development of HTC Crypto-Compatible Smartphone Exodus

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Litecoin (LTC) founder Charlie Lee tweeted July 29 that he will be an advisor for HTC’s new smartphone Exodus, which will support LTC and the Lightning Network (LN). In acknowledging Lee’s new advisory position, HTC tweeted: “One small step for @SatoshiLite. One giant leap for blockchain.” As previously reported by Cointelegraph, HTC is seeking to enter the crypto space with a mobile device that includes decentralized ledger technology (DLT), announcing the Exodus as “the first native blockchain phone” in May. In June, the company clarified that the Exodus will instead…

Crypto ETF Coming Soon, According to CEO of Fatfish Internet

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There are numerous people and groups in the crypto industry that want a crypto ETF. The Gemini exchange is one, and BitWise is another. Over the weekend, the CEO of Fatfish Internet Group joined the conversation. But is there a crypto ETF coming soon, or is this false hope? After all, the SEC has a different opinion. Crypto ETF Coming Soon? On Sunday, Kin-Wai Lau, CEO of Fatfish Internet, a global tech venture investment firm, said that a Bitcoin ETF is on the horizon, adding that global markets will soon be “ready…

Bitcoin ETFs May Have Lost the Battle, But Not the War

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On July 26, the U.S. Securities and Exchange Commission (SEC) scrapped the application for a Bitcoin exchange-traded fund (ETF) run by brothers Tyler and Cameron Winklevoss. While the market took the news negatively and the price of BTC crumbled — though it jumped back to the green within 24 hours — the ETF case is far from being closed: As soon as September, the SEC will face another wave of similar proposals from a number of actors. What’s an ETF (and a Bitcoin ETF)? Cointelegraph has previously covered the nature…