Day: June 19, 2019

Bitcoin Holds $9,100 Support While Top 20 Coins Trade Sideways

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Wednesday, June 19 — Crypto markets are trading sideways, with the majority of the top 20 coins by market cap seeing losses, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is up by 1.24% to $9,139 at press time, still seeing a slight recovery of price after the biggest cryptocurrency has dipped below the $9,000 threshold earlier on the day. Bitcoin is seeing major gains over the past 7 days at press time, up almost 13% this week. Yesterday, Fundstrat Global Advisors co-founder Tom Lee stated that…

Max’s Corner: Slouching Towards Silicon Valley

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Photo: Shutterstock For this week’s edition of Max’s Corner, I’d like to take a look at a few different developments that I think deserve our attention. The first is the Google Core Update and the effect it had on online media – in particular, crypto media. The second is the current situation of jailed Silk Road founder Ross Ulbricht, who just wrote a poignant article detailing some of the ways he has learned to cope with the privations that now dictate his life. The third, and final, is the official…

Visa Set to Join the Expanding Field of Blockchain-Based International Payment Providers

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Visa has launched a payment system for business-to-business (B2B) transactions partially based on blockchain technology. The United States payment behemoth says its platform, called Visa B2B Connect, offers seamless cross-border payment processing for institutional clients without going through the complex web of third-party intermediaries. In doing so, Visa becomes the latest entrant into the blockchain-based payment processing arena. This move brings the company into direct competition with cryptocurrency startups like Ripple and mainstream players, such as Barclays and BNY Mellon with their Utility Settlement Coin (USC) project under the aegis of the Fnality Consortium. Visa…

Web Server Security Firm Cloudflare Announces Launch of Ethereum Gateway

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Web server security service firm Cloudflare announced the launch of its Ethereum gateway in a blog post on June 19. Per the announcement, the gateway — which is part of the company’s broader Distributed Web Gateway toolset — lets users “interact with the Ethereum network without installing any additional software.” The system purportedly allows one to access the network and interact with smart contracts through a custom hostname. Furthermore, the new tool can be used in combination with the firm’s Interplanetary File System (IPFS) gateway launched in September 2018: “In…

Donald Trump and Fed Chairman Distrust is Bullish for Bitcoin: Billionaire Investor

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Bitcoin is going to benefit from the growing distrust between the US President Donald Trump and Federal Reserve Chairman Jerome Powell, believes Mr. Michael Novogratz of Galaxy Digital, LLC. The billionaire founder said on Wednesday that he is becoming “more bullish” on bitcoin after President Trump reportedly threatened to demote Mr. Powell if he decides against lowering interest rates. The Federal Reserve is set to announce its take on the said matter today at 1400 Eastern Time upon concluding a two-day meeting. Makes me more bullish $BTC https://t.co/oePdtMT1GD — Michael…

‘Satoshi’s Useful Idiot’ Zuck Will Boost Bitcoin Price Above $20,000: Max Keiser

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Published: 19/06/2019 11:06 EST. Journalist: By CCN Markets: Crypto bull Max Keiser has predicted that Facebook’s cryptocurrency Libra will help boost the bitcoin price to new all-time highs. Bitcoin price to go up with increasing hash rate According to Keiser, this is because Libra will increase the awareness and appeal of cryptocurrencies in general. Consequently, this will raise Bitcoin’s hash rate up leading to a new record price. Currently, Bitcoin’s hash rate is slightly above 60,036,687 TH/s according to statistics obtained from Blockchain.com. Bitcoin’s hash rate is currently over 60,000,000…

Ethereum-Based Decentralized Video Streaming Startup Livepeer Raises $8M

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Ethereum (ETH)-based decentralized video streaming startup Livepeer announced that it raised $8 million from institutional investors in its Series A funding round in a Medium post published on June 17. Per the announcement, the startup will use the newly acquired resources to support the further development of the Livepeer protocol, network, software and ecosystem to further adoption. The round was reportedly led by venture capital firm Northzone, which was also one of the first investors in Spotify. Other participants in the round purportedly include Digital Currency Group, Libertus, Collaborative Fund,…

100% Cardano Price Spike Awaits After TestNet Release, Predicts Analyst

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Published: 19/06/2019 09:36 EST. Journalist: By CCN Markets: Cardano is up by over 105 percent year-to-date as it trades at $0.0903 as of this writing. The cryptocurrency is known to some as the “Ethereum Killer”. It may have already made big gains this year but it appears to just be warming up. We are not alone in this sentiment. A pseudonymous Twitter account that goes by the name of Beastlorion believes that Cardano is gearing up for a face-melting pump in the next few weeks. The climb comes after the…

Russia to Adopt Crypto Legislation Within Two Weeks: Deputy Finance Minister

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Russia’s parliament, the State Duma, will adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks, according to a local senior finance official. The news was reported by Russian government-backed news agency TASS on June 19. Russia’s deputy finance minister, Alexei Moiseev, revealed that the State Duma is currently considering the DFA, and is expected to adopt the bill in the second reading within the next two weeks. Moiseev added that the authority has approved separate legislation for initial coin offerings, which will be…

Peaceful Warrior Lets You Buy Jewelry With Bitcoin Cash

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Do you want to show off your support for cryptocurrency and look good doing it? Peaceful Warrior lets you buy jewelry that will do just that, and you can also pay for all items in the store with bitcoin cash, of course. Also Read: How to Invest in Cryptocurrency Without Worrying About Volatility Crypto Lifestyle Brand Crypto-friendly e-commerce platform Peaceful Warrior was launched in March 2019 with the aim of inspiring people to use digital coins for shopping and in order to “help achieve global adoption of cryptocurrencies, used as…