June 27, 2019

Brazilian Exchanges to Integrate the Real-T, a Stablecoin Pegged to the Real

June 27, 2019 boss

Brazilian cryptocurrency exchanges are rolling out support for a stablecoin, according to a report by Cointelegraph Brasil on June 26. Brazilian platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio, are reportedly slated to be the next adopters to issue this new stablecoin — pegged one-to-one with the Brazilian real — Real-T (REALT). As explained in its whitepaper, the “Real-T Token” is an Ethereum-based ERC-20 stablecoin that is “strictly pegged” to BRL. The paper claims that the company behind the token, Real-T Tecnologia S.A., will publicly share its bank statement to…

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified

June 27, 2019 boss

Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that the protocol distributed 500,000 of its tokens, although the company did not reveal the exact amount of funds raised. The Block notes, that during the recent round Polkadot purportedly sold 5% of the total token supply, which should theoretically bring $60 million to the protocol’s…

Bitcoin (BTC) Price Continues to Shine: Hits $13K Mark

June 27, 2019 boss

Bitcoin (BTC) is showing no signs of slowing down after an impressive start to the year. After a 250% plus rally, the flagship cryptocurrency has hit the $13,000 level, capping a 40% plus spike over the past week. Given the strength of the upward momentum, Bitcoin price could be on its way to the $14,000 mark. Investors will no doubt be waiting to see if it will make a run for all-time highs of $21,000 again. Bitcoin Price Catalysts The recent rally in Bitcoin price can be attributed to many…

Winklevoss’ Gemini Exchange Launches Chicago Office to Serve as Engineering Hub

June 27, 2019 boss

Winklevoss brothers-led Gemini crypto exchange is launching a new office in Chicago, the firm officially announced on June 27. Headquartered in New York, Gemini adds its new Chicago office to their existing office in Portland, Oregon, Gemini co-founder Tyler Winklevoss wrote in a Medium post on Thursday. According to the statement, Gemini’s Chicago office will act as an engineering hub, and reflects the company’s goal of providing a “safe and reliable institutional-grade infrastructure” for trading and storing crypto. In the post, Tyler emphasized the city’s role in the global financial…

Bitcoin Falls Under $10,800 as US Stock Market Sees Minor Uptrend

June 27, 2019 boss

Thursday, June 27 — most of the top 20 cryptocurrencies are reporting significant losses on the day by press time, as Bitcoin (BTC) falls under the $10,800 mark again. Market visualization courtesy of Coin360 Bitcoin is currently down about 19.67% on the day, trading around $10,695 at press time, according to Coin360. Looking at its weekly chart, the coin is up 13.28%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, Fundstrat Global Advisers Co-Founder Thomas Lee suggested that bitcoin’s volatility makes a long-term approach towards investing in it…

Bitcoin (BTC) Prices Striving For Equilibrium, New Billionaires Registered

June 27, 2019 boss

Bitcoin (BTC) drops 8.1 percent Bisq and The Winklevoss Twins upgraded While Bisq is registering new BTC trade volumes following the migration of traders from LocalBitcoins, The Winklevoss Twins are the latest Bitcoin billionaires. Because of recent price spikes, their wealth swelled to over $1.4 billion. Even so, it seems like the euphoria is over, and BTC bulls are taking profits as prices drop 8.1 percent in 24 hours. Bitcoin Price Analysis Fundamentals The recent price rally from $10,000 to over $13,000 was a spectacle. However, such bursts often cause…

Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque

June 27, 2019 boss

On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners Mining in a Mosque On June 25, Tavanir’s spokesperson Mostafa Rajabi Mashhad explained to the press that illicit bitcoin mining facilities have increased the last two months of power consumption by more than 7%. During the first week…

EU Banks to Deploy Instant Payments System in Response to Competition From Libra

June 27, 2019 boss

European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered to the initiative. Still, Reuters notes that adoption may accelerate now that Facebook’s Libra stablecoin is shaping up to be a competitor to local banks. Director general of the European Payments Council (EPC) Etienne Goosse reportedly said that — regardless of the success of Facebook’s Libra’s project —…

Bitcoin (BTC) Poised for “Massive Bull Run”, Here’s Why

June 27, 2019 boss

Why Bitcoin is Poised to Rally. Hard. Bitcoin (BTC), save for Thursday’s price action, has been on an absolute tear. Since the seeming bottom in December, which saw the cryptocurrency fall to $3,100, BTC has rallied by over 200% to where it is now, just shy of $11,000. Despite this already decisively bullish price action, some suggest that Bitcoin has further to run, citing macroeconomic factors that only necessitate a decentralized, digital, supply capped, non-sovereign, and permissionless form of money, this, of course, being BTC. Dan Held, the co-founder of…

Bitcoin (BTC) Poised for “Massive Bull Run”, Here’s Why

June 27, 2019 boss