Day: August 4, 2018

Bitcoin Price Intraday Analysis: BTCUSD Beating Continues

boss

It was consolidating sheepishly until a big red candle just appeared out of nowhere. The bitcoin price, at the time of this writing, has dropped to around $7,000 in what seems like a carefully orchestrated dump. We cannot tell what has caused a $500 drop in the past four hours, but people are already blaming BitMEX for the FUD. The digital currency exchange today tweeted that its internal system went offline. As a result, people’s stops were not triggered during a major market move; indeed, the BitMEX customers lost big…

Despite NYSE’s ‘Biggest News of the Year’ for Bitcoin, Crypto Markets Plummet in a Blink

boss

Crypto markets have taken a vertiginous plunge today, August 4, with Bitcoin (BTC) losing almost $500 in the six hours before press time to dip below $7,000, and all of the top ten cryptocurrencies by market cap in the red, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,028 to press time, having lost almost $500 on the day to plummet to a price point not seen since July 17. The leading cryptocurrency has seen an intra-day low of $6980, with some crypto analysts…

Bitcoin Price Dips to $6,950 Despite Crypto Foray by NYSE and Starbucks,

boss

On August 4, after rebounding from $7,200 to $7,500, the price of Bitcoin fell below the $7,000 mark for the first time since July 18. Over the past three weeks, from July 18 to August 4, the price of Bitcoin has been relatively stable in the $7,200 to $7,500 region, recording limited volatility in the range of $300. However, on August 4, for the first time in three weeks, the price of Bitcoin fell to $6,955, below the key $7,000 resistance level, as a result of a large sell-off on…

Blockchain the Fastest Growing Skill in US Freelance Job Market

boss

The latest quarterly skills index by global freelancing website Upwork shows that the fastest growing skill in the United States during the second quarter was blockchain. According to the Q2 2018 Upwork Skills Index, blockchain clinched this position by beating over 5,000 other skills listed on one of the largest freelancing platforms in the world. The demand for talent with blockchain-related skills doesn’t show any signs of stopping. According to the latest Upwork Skills Index, #blockchain is the fastest-growing skill in the U.S. #freelance #job market for the second quarter…

Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings

boss

The Bank of Thailand (BoT) has recently allowed local banks to set up subsidiaries for dealing with cryptocurrencies, local Thai source Blognone reported August 3. According to a regulatory announcement published by the BoT on August 1, Thai banks can now issue digital tokens, provide crypto brokerage services, run crypto-related businesses, and invest in cryptocurrencies through subsidiaries. However, the recent announcement has reaffirmed that all banks and other financial institutions are still banned from direct dealing with cryptocurrencies. While banks are now allowed to establish crypto-dealing branches, those branches are…

South Korean Crypto Exchange Bithumb to Reopen Withdrawals, Deposits for Nine Cryptos

boss

South Korea‘s leading virtual currency exchange Bithumb is set to reopen withdrawals and deposits today, according to an official announcement August 4.   The world’s twelfth largest cryptocurrency exchange by trade volume noted that the time for resuming withdrawals and deposits has been moved from August 4 at 11 a.m. [Korea Standard Time] to 7 p.m. [KST]. In a separate post, Bithumb stated that it is first reopening the withdrawal and deposit services for nine altcoins, adding that it has been slightly delayed in order “to provide a more stable…

Crypto Mining Firm Argo Blockchain Listed on London Stock Exchange, Raises $32 Million

boss

Mining firm Argo Blockchain PLC has reportedly become the first crypto company to join the London Stock Exchange (LSE), raising around $32 million for a total valuation of about $61 million, The Telegraph reports August 3. London-based Argo offers customers to the ability to mine four cryptocurrencies — Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), and Zcash — through their own computers or mobile devices for a monthly subscription fee. The service provides immediate access to the firm’s mining rigs and enables direct deposits of all mined coins to…

NYSE Trader Following Bakkt Launch: ‘Bitcoin Is Very Iffy’

boss

A New York Stock Exchange (NYSE) trader told to Yahoo Finance in an interview Aug. 3, that at the moment Bitcoin (BTC) is “very iffy” following the launch of a new regulated BTC exchange Bakkt by the Intercontinental Exhange (ICE), the parent company of NYSE. Alan Valdes, a senior partner at international advisory firm Silverbear Capital and NYSE trader, raised concerns about BTC, when asked if the launch of Bakkt may be a sign that Wall Street is serious about crypto. Valdes said: “How do you protect your Bitcoin? These…

Turkey Establishes Country’s First University Blockchain Center

boss

Turkey has established the country’s first university-level blockchain center, aiming to close the blockchain expertise gap and ensure wide deployment of the technology, local news outlet Daily Sabah reported August 3. The Istanbul Blockchain and Innovation Center (BlockchainIST Center) was inaugurated at Bahçeşehir University (BAU). According to the center’s director Bora Erdamar, BlockchainIST is set to be “the most important center of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies.” Erdamar said that Turkey may have a chance to become…

Ethereum to Acquire Top-Level Domain Name With New Partnership

boss

Ethereum has entered into an agreement with a provider of end-to-end domain services Minds + Machines Group Limited (MMX) that will let Ethereum Name Service (ENS) get a top-level domain name, according to an Aug. 3 press release. Under the agreement, Ethereum’s (ETH) consumers will be able to register their addresses with MMX’s top-level domain .luxe (an abbreviation for “Let U Xchange Easily”), which is set to be launched “soon.” The .luxe extension will reportedly enter its pre-launch phases in the near future, and go on sale to the public…