Day: June 20, 2019

Bitcoin Price Rally Stalls as Open Futures Hit Record Highs

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View The bitcoin price rally seems to have stalled near $9,300 with the price-volume analysis suggesting scope for a minor pullback to $9,000-$8,700. Record open interest in bitcoin futures listed on the Chicago Mercantile Exchange indicates a surge in institutional interest. So, pullbacks, if any, will likely be short-lived. The long-term technical charts indicate scope for a rally to $10,000 and above. Bitcoin (BTC) is struggling to find acceptance above $9,300 even as futures listed on the Chicago Mercantile Exchange (CME) are witnessing record open bets. The top cryptocurrency by…

Why Binance and Coinbase are Betting on This Indian Startup

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In April this year, Coinbase Ventures — an investment arm of the U.S. crypto giant — endorsed a project called Matic Network, whose token sale had just been hosted by Binance Launchpad platform. Its native token — MATIC — experienced a significant 22% boost following the news. Next month, Matic joined Binance Info’s transparency initiative, becoming one of the first startups to get the “V” Label. The token surged even higher this time, gaining as much as 75% in a single day — an impressive performance for the market that…

Live Streaming Startup YouNow Files SEC Filing for Compliant Token Earning for App Users

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Live streaming startup YouNow, which created the decentralized digital video ecosystem Props in 2017 and is backed by Union Square Ventures, has filed a public offering with the United States Securities and Exchange Commission (SEC) for its Props token. The development was revealed in a press release shared with Cointelegraph on June 19. The YouNow app — which reportedly counts 47 million registered users — has submitted its application as a Regulation A+ filing with the SEC. Pending approval, the initiative could see accredited and retail users alike globally earning…

Can Facebook’s Libra Influence Bitcoin Price?

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Since Facebook released its Project Libra white-paper, people familiar with the matter are speculating on whether this can affect the price of Bitcoin and cryptocurrencies in general. While many crypto experts say that Facebook’s Libra isn’t even a cryptocurrency because of the trust issues Facebook is familiar with, just as many say that this is a very good thing for crypto in general. “You have to trust Facebook that they’re going to hold onto those dollars, they’re going to keep track of the ledger, and that your token’s going to…

Can Facebook’s Libra Influence Bitcoin Price?

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Facebook’s release of Libra white-paper raised a lot of awareness in the cryptocurrency and traditional banking communities. Many experts compare Facebook’s Libra to Bitcoin and other cryptos. The main question is, how Libra could affect Bitcoin price? Since Facebook released its Project Libra white-paper, people familiar with the matter are speculating on whether this can affect the price of Bitcoin and cryptocurrencies in general. While many crypto experts say that Facebook’s Libra isn’t even a cryptocurrency because of the trust issues Facebook is familiar with, just as many say that…

Bitcoin Price Could Hit $62K This October, Says Analyst

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Photo: Shutterstock Bitcoin started this week with a bang with its price crossing $9000 levels earlier on Sunday, June 16. The Bitcoin price rally restored the confidence among its investors, and more importantly, it has made the crypto heavyweights heavily bullish on its future. Since the Sunday price rally, Bitcoin is consolidating at around $9200 levels. However, popular personalities and analysts from the cryptocurrency industry are setting up new targets for the long term. With the immediate target of $10,000, co-founder of Gemini Exchange Tyler Winklevoss tweeted that it has…

‘We Don’t Deal in the Speculative’

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Amazon would only consider discussing the creation of its own cryptocurrency like Facebook’s Libra in several years’ time, a senior executive said at a conference on June 10. Speaking at Fortune’s Brainstorm Finance 2019 event, Patrick Gaulthier, vice president of Amazon Pay, said the kind of value transfer system Facebook unveiled this week was a step too far in the current climate. “It’s fresh, it’s speculative; at Amazon, we don’t really deal with the speculative, in the now,” he said. Facebook continues to cause a stir in cryptocurrency, financial and…

Electronics Giant Samsung Prioritizes Blockchain in 10-Year Roadmap

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Published: 20/06/2019 06:08 ET. Journalist: By CCN Markets: Samsung Electronics vice chairman Jay Y. Lee has revealed a marked focus in future technologies – part of its 10-year strategy – with a focus on blockchain, artificial intelligence (AI), and 6G. Lee, who is often seen as the face of the Samsung, held meetings last week with some of the company’s executives about the potential collaboration with emerging technology platforms. The technology giant is willing to invest and work with companies building up these nascent technologies. Samsung has already made significant…

Blog: ICO Adtech update report published following industry engagement

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20 June 2019 By Simon McDougall, Executive Director for Technology and Innovation In recent months we’ve been reviewing how personal data is used in real time bidding (RTB) in programmatic advertising, engaging with key stakeholders directly and via our fact-finding forum event to understand the views and concerns of those involved. Today we’re publishing our Update report into adtech and real time bidding which summarises our findings so far. We have focused on RTB due to its complexity, the risks it poses and the low level of data protection maturity…

Is Blockchain About to Change the Gaming Industry?

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The gaming industry has grown dramatically in recent years, partially because the world of video games is keeping up with the latest technological advances and even tries to get ahead of them. As such, it couldn’t bypass the blockchain. It’s not surprising that, from time to time, gaming companies announce the development of games based on this technology. So, the French gaming giant Ubisoft, known for the Assassin’s Creed and Far Cry franchises, has announced that a blockchain will be integrated into its games. So, what can a blockchain give…