Day: September 6, 2018

Former Prime Minister of Estonia Becomes New Chairman of Blockchain Startup Lympo

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About Richard Kastelein Founder and publisher of industry publicationBlockchain News (EST 2015), partner at ICO servicescollectiveCryptoAsset Design Group ($500m+ and 50+ ICOs), director of educationcompany Blockchain Partners (Oracle Partner) and ICO event organiser atleading industry event CryptoFinancing (Europe’s first ICO event nowbranded Tokenomicon) – Vancouver native Richard Kastelein is anaward-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startupsand has written over 1500 articles on Blockchain technology andstartups atBlockchain News and has also published pioneering articles on ICOs inHarvard Business Review and…

Bitcoin Price Watch: BTC/USD Breakdown Towards $6,000 Looks Real

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Key Points Bitcoin price tumbled and broke many supports like $7,000, $6,800 and $6,560 against the US Dollar. There was a break below a declining channel with support at $6,790 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has moved into a bearish zone and upsides are now likely to face sellers near $6,560 and $6,800. Bitcoin price plummeted below the $6,800 and $6,560 supports against the US Dollar. BTC/USD could accelerate declines if sellers push the price below $6,200. Bitcoin Price Analysis After…

The Japanese, Swiss and American Experience

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Free and fair elections are one of the pillars of healthy democracies. From the United States to Sierra Leone, advocates of blockchain believe that the technology can bring a new level of transparency, fairness and efficiency to the electoral process. In spite of the enthusiasm of the blockchain community — and tentative support from political bodies — attempts to implement the technology have enjoyed mixed success and have faced impassioned criticism. Japan’s scientific hub trials blockchain In late August, the Japanese city of Tsukuba trialed the use of blockchain technology…

Ethereum Classic Price Analysis: ETC/USD Eyes Test of $10

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Key Highlights Ethereum classic price failed to settle above $14.00 and declined sharply against the US dollar. There was a break below an important bullish trend line with support at $14.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair declined towards the $11.00 level and it remains at a risk of more losses towards the $10.00 level. Ethereum classic price is back in a bearish zone against the US Dollar and Bitcoin. ETC/USD is likely to decline back towards the $10.00 level in the…

Bitcoin Drops 13% to $6,400 and Tokens Plunge, is $6,000 Imminent?

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The cryptocurrency market has seen one of its steepest declines in a one-day period since February of this year, losing more than $38 billion from its market valuation. The Bitcoin price has dropped from $7,150 to $6,400 in less than six hours, recording a massive sell-off across major cryptocurrency exchanges. Following the rapid decline in the price of Bitcoin, tokens and small market cap cryptocurrencies took a massive hit. Even tokens with the most liquid Bitcoin trading pairs like Tron, EOS, Cardano, ICON, and Ontology demonstrated daily drops in the…

Twitter CEO Tells Congress It’s Exploring Blockchain to Help Fight Scams

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Twitter CEO Jack Dorsey told a Congressional committee Wednesday that the social media company is exploring blockchain solutions for its platform. Dorsey was responding to a question from California Representative Doris Matsui during a House Committee on Energy and Commerce hearing that focused on user privacy protections, misinformation, content moderation and alleged bias against political conservatives on Twitter. “You previously expressed interest in the broad applications of blockchain technology, including potentially in an effort to verify identity to fight misinformation and scams. What potential applications do you see for blockchain?”…

High Times Now Says It’s Accepting Crypto Payments For Its IPO

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It turns out that the cannabis publication High Times is accepting cryptocurrency for its ongoing initial public offering (IPO) after all. The publication announced at the beginning of August that it would accept bitcoin and ethereum for its IPO, but later walked back that announcement in an August 13 filing submitted to the U.S. Securities and Exchange Commission (SEC), as previously reported by CoinDesk. Despite the move, however, bitcoin appears to have remained as a payment option on the company’s investment page. When reached for comment, High Times representative Jon Cappetta…

Ether, ADA Crypto Prices Hit Lowest Levels In Over 1 Year

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Two of the top 10 cryptocurrencies by market capitalization are now trading at their lowest level in a year. Ethereum, the world’s second largest cryptocurrency by market capitalization, fell to its lowest price since 2017 on Wednesday, a development shared by Cardano, the world’s ninth largest by market capitalization. At 16:00 UTC, during the middle of Wednesday’s trading period, the cryptocurrency ether dropped to $211 for the first time since July 30, 2017, while Cardano dropped to levels not seen since last year according to CoinDesk price data. Ether was…

Belgian Government Issues Cryptocurrency Fraud Warning

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Belgium’s top financial regulator has issued a new warning about cryptocurrency scams. The Financial Services and Market Authority (FSMA) declared that “cryptocurrencies are the hype of the year” in an announcement published on Monday. The FSMA is a public institution that supervises the Belgian financial sector alongside the National Bank of Belgium (NBB). The regulator said in its missive that would-be investors should beware of would-be fraudsters who are peddling the idea of big profits through crypto-sales that ultimately prove to be fictitious. The FSMA wrote: “Fraudsters are well aware of that,…

Ripple Price Analysis: XRP/USD At Risk of More Losses

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Key Highlights Ripple price declined sharply and broke the $0.3200 and $0.3000 support levels against the US dollar. This week’s followed key declining channel was breached with support near $0.3230 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair even broke the $0.2800 support area and traded close to the $0.2600 level. Ripple price declined heavily against the US Dollar and Bitcoin. XRP/USD is currently correcting higher, but upsides could be capped near $0.3000. Ripple Price Decline Recently, we were waiting for a downside correction…