Month: June 2019

JPM Coin | JP Morgan’s Crypto is Ready for Trials with Corporate Clients

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JP Morgan is putting final touches on its much-awaited cryptocurrency JPM Coin. Bloomberg Japan reports that the financial institution is to start trials on the coin with corporate clients, as it also eyes regulatory approval for its use in the mainstream financial sector. JP Morgan Crypto JPM Coin runs on Quorum, which is a private version of the Ethereum network, developed by the bank. The coin is to function as a stablecoin where fiat cash is to be deposited in exchange for the token before one is allowed to carry…

How Blockchain Could Decentralize the Music Industry

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The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Our guest authors invite readers to discuss the most polemic, ambiguous and debatable topics within the cryptocurrency, blockchain and fintech industries. If you want to become our guest author and be published on Cointelegraph, please send us an email at contributor@cointelegraph.com   “History, despite its wrenching pain, cannot be unlived,  but if faced with courage, need not be lived again.”  — Maya Angelou Thirty years after…

Ethereum Need Developers Now Than Never, ETH Surging, Up 32.1%

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Ethereum (ETH) bulls vibrant; prices surge 32.1 percent Serenity and similar hard forks demand developers Developers are crucial for any open source blockchain project. Ethereum may be the leader, but they still have to retain them. The network’s reliance is more pronounced now as they race towards Serenity. Meeting these milestones demand developer participation. If not, the platform will fizzle out even with lucrative bounty program in place. Presently, ETH bulls are steadfast, solid above $300 and rallying 32.1 percent from last week’s close. Fundamentals There are many proposals with…

Italy Is Unintentionally Advertising Bitcoin, Here’s How

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The political and economic tensions between Italy and Europe are shaking the Eurozone. Italy has threatened to launch a currency parallel to the Euro to restore its debts to individuals and businesses, suggesting a possible “Italexit.” This, together with other moves introduced by the Italian government, has increased the demand for alternative assets such as Bitcoin. Italy Is Shaking the Eurozone Italy is experiencing a period of unprecedented political and economic instability. It was enough to come up with a semi-propaganda message sponsored by the Five Star Movement and the…

Bitcoin (BTC) Is Parabolic, Prices Up 111% Year-To-Date

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Bitcoin (BTC) parabolic, adds 41.5 percent Strong Bitcoin fundamentals rewinding last year’s losses The deteriorating global economy, prospect of central banks intervening, and the entry of whales through institutional investment could explain the parabolic rise of Bitcoin’s prices. At over $12,800, BTC is up 41.5 percent in the last week and poised to register more gains. Bitcoin Price Analysis Fundamentals Visibly, Bitcoin’s rally is stretching superlatives. Analysts say the recent price eruption has been dizzying. Well, true to their observations, this surge has everyone talking about Bitcoin. If anything, this…

Bitcoin Breaks $13,000 As Rally Continues

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Wednesday, June 26 — Bitcoin (BTC) has broken the $13,000 price mark, and many of the top-20 cryptocurrencies showing double-digit gains on the day, according to Coin360. Market visualization courtesy of Coin360 BTC broke the $12,000 level earlier today, and has continued surging to trade at $13,252 at press time. The leading coin has gained over 16% on the day. Today, Bitcoin’s market dominance climbed to over 60% for the first time since April 2017. Bitcoin’s recent rally has caused a stir in the crypto community, wherein some of its…

Above $13K: Bitcoin’s Price Extends 2019 Gains to New 17-Month High

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Bitcoin’s price has refreshed 17-month highs in the U.S. trading hours with a move above $13,000. CoinDesk’s Bitcoin Price Index is currently trading at 13,020, the highest level seen since mid-January 2018, having surpassed the Asian session high of $12,919 at roughly 17:30 UTC. With the rise above $13,000, bitcoin has taken the cumulative month-to-date gains to 50 percent and the cryptocurrency now looks set to log double-digit gains for the third straight month. Further, BTC is on track to end higher for the fifth straight month – the longest monthly…

Above $13K: Bitcoin’s Price Extends 2019 Gains to New 17-Month High

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Bitcoin’s price has refreshed 17-month highs in the U.S. trading hours with a move above $13,000. CoinDesk’s Bitcoin Price Index is currently trading at 13,020, the highest level seen since mid-January 2018, having surpassed the Asian session high of $12,919 at roughly 17:30 UTC. With the rise above $13,000, bitcoin has taken the cumulative month-to-date gains to 50 percent and the cryptocurrency now looks set to log double-digit gains for the third straight month. Further, BTC is on track to end higher for the fifth straight month – the longest monthly…

Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

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Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26 Per the report, the crypto asset would be used to settle payments on its new digital securities trading platform. The exchange reportedly announced during the Crypto Valley Association conference this week that users of its upcoming SDX platform will be able to swap fiat currency for a new stablecoin. The exchange explained that “SDX member banks will be able to settle their trades and other obligations against tokenised CHF…

What Disney’s Frozen Tells Us About This Mammoth Bitcoin Price Rally

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As the Great Bitcoin Price Rally of 2019 grows even more parabolic, investors and analysts alike are left scrambling for answers. What’s triggering the mammoth recovery? Will this rally end like the 2017 bubble did? Most importantly, where’s the bitcoin price headed next? According to eToro Senior Market Analyst Mati Greenspan, the answer might lie in an unlikely place: Disney’s blockbuster animated feature film “Frozen.” Crypto Analyst: Investors Need to Rewatch ‘Frozen’ Writing in daily market commentary made available to CCN, Greenspan warned that the speed of the bitcoin price’s…