Day: June 10, 2019

Facebook’s Cryptocurrency Will Pay Interest to Users: Blockchain Regulator

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By CCN Markets: Facebook’s GlobalCoin cryptocurrency will likely pay interest to its users. That’s the prediction of Wyoming Blockchain regulator and crypto champion Caitlin Long. The social media company is gearing up to announce its much-hyped cryptocurrency this month, but very little is still known about the project, known internally as Project Libra. On Sunday, Long shared some predictions about how the cryptocurrency might work and how it will impact the crypto industry. “Facebook will pay interest to users of its cryptocurrency, which will eventually lead to populist calls to repeal…

Bitcoin Price Adrift in Volatility Confusion, Touring a Lateral $9000-6000 Market

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Bitcoin Price Adrift in Volatility Confusion, Touring a Lateral $9000-6000 Market June 10, 2019 by Ramiro Burgos The Bitcoin Price has been confusing pundits lately, showing promise but falling back to more disappointing levels just when everybody seems to be getting excited. Why is this, and what should we expect to see next? Read our weekly technical analysis report to find out. Also read: Bitcoin Price Topped $9000, Could Activate a New Resistance at $10K Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bitcoin Price Analysis Long-Term…

Bitcoin, Ether, and XRP Weekly Market Update: June 10, 2019

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The total crypto market cap is $31.2 billion down for the seven-day period and now stands at $245.4 billion. The top ten cryptocurrencies are all in red for the same time frame with Litecoin (LTC) being the only exception. The worst performer on the chart is EOS which experienced a 19.8 percent decline in price. At the time of writing bitcoin (BTC) is trading at $7,678 while ether (ETH) stands at $234. Ripple’s XRP is at $0.388. BTC/USD Bitcoin lost $639 of its value to $8,105 on June 3 and…

Why Lobbying Growth Is a Sign That Crypto Is Maturing

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Crypto is on the march, and not just in terms of market price. Not only does data indicate that the number of ID-verified users of cryptocurrency doubled over 2018, but there are various other metrics that suggest that adoption is gaining traction. As many as 84% of companies worldwide are involved with blockchain-based technologies in some way, while cryptocurrency ownership is twice as high among young Americans than among the general United States population. And at a time when there’s plenty of talk about the need for crypto to standardize and regulate itself before…

EOS Tumbles 20.2% After Weiss Ratings Assessment

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EOS falls 20.2 percent Weiss Ratings is concerned about EOS centralization The Delegated Proof of Stake consensus necessitates voting. With voting, users can choose validators or Block Producers. However, Weiss Ratings now says because of this, there is “serious problems with centralization.” Meanwhile, EOS is down 20.2 percent from last week’s close. EOS Price Analysis Fundamentals The decision to adopt a consensus algorithm that is flexible, delivering Block One’s objectives did ruffle some feathers. Behind every blockchain project that seeks to launch its mainnet is the desire to meet the…

Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

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By CCN Markets: In the past 24 hours, the bitcoin price has dropped from $7,900 to around $7,500 by more than five percent against the U.S. dollar in a minor pullback in the crypto market. The bitcoin price has dropped by around five percent in the past 24 hours (source: coinmarketcap.com) Within the last seven days, the bitcoin price has fallen by over ten percent, which has led technical analysts in the crypto market to ponder about the possibility of an extended pullback despite the market’s positive macro landscape. 30%…

Bitcoin (BTC) Price Turns Bearish: Bulls Could Face Resistance Near $7,800

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Bitcoin price remained in a bearish zone and recently declined below $7,600 against the US Dollar. The price retested the $7,500 support area and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $7,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bulls are likely to face resistance near $7,800 and $7,900. Bitcoin price declined recently below key support levels against the US Dollar. BTC is facing an uphill task and it…

Who is Bitcoin Creator Satoshi? Libertarian Publication Presents Candidate

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Sci-Fi Author ‘Proposed’ as Bitcoin Creator The crypto industry’s greatest mystery is the identity of Satoshi Nakamoto, the creator of Bitcoin. Despite the many attempts to unveil his identity through an analysis of his writing, skills, and when he sent messages on online forums/e-mail, no one has come out with full conviction that someone is Satoshi. But, there is a multitude of candidates that fit the bill. Libertarian publication Reason, whose tagline is fittingly “Free Minds and Free Markets”, recently ‘proposed’ a candidate for the seat of Satoshi. This being…