Ethereum Price (ETH) Turns Bearish Below $220, Bitcoin Breaks $10.5K

ETH price failed to continue higher above the $230 and $240 resistance levels against the US Dollar. The price started a fresh decrease and broke the key $220 and $218 support levels. Yesterday’s highlighted breakout pattern was breached with support near $222 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading below the $220 support and it might decline further towards the $207 support. Ethereum price is struggling to gain bullish momentum versus the US Dollar and bitcoin. ETH price remains at a risk…

Justin Sun to Reschedule Warren Buffett Charity Lunch for Medical Reasons

The Tron Foundation is pushing back the Warren Buffett Lunch and press conferences to an unspecified date. According to an official Twitter post, Justin Sun — who successfully procured the lunch with Buffett by winning the affiliated charity auction —  is currently out of commission due to kidney stones, and associated parties have agreed to reschedule the lunch. In June, Tron founder and CEO Justin Sun won a charity auction on eBay to have lunch with Buffett, the famously successful investor and CEO of Berkshire Hathaway. Sun’s winning bid was…

Bitfinex and Tether Double Down on Claim of No Customers in New York

Lawyers for Bitfinex and Tether, in the course of an ongoing case against the New York Attorney General (NYAG), submitted multiple fillings on July 22 alleging that the companies never served customers within New York.  In one filing, attorney Stuart Hoegner noted the provision in Bitfinex’s terms of service that require that customers that transact be foreign entities: “Under Bitfinex’s and Tether’s Terms of Service, Eligible Contract Participants (“ECPs”) that transact with Bitfinex or Tether must be foreign entities. Although those foreign entities may have shareholders or personnel who reside…

Ontario Securities Watchdog Settles With CoinLaunch, Pending Approval

The Ontario Securities Commission (OSC) has reached a settlement agreement with the crypto firm CoinLaunch Corp as of July 22. According to an announcement by the OSC, there will be a public settlement hearing on July 24 to determine whether the agreement is in the public’s interest. As per the OSC’s official statement of allegations, CoinLaunch offered a number of crypto-related services, with securities trading among those. More specifically, the statement alleges that CoinLaunch offered to market and promote token offerings, including security tokens, without observing the proper registration requirements…

CertiK Foundation Launches Security-Focused Blockchain

Blockchain cybersecurity company CertiK has launched its native CertiK Chain blockchain. The CertiK Foundation announced its new release in an official blog post on July 22. According to the announcement, CertiK Chain aims to provide a blockchain infrastructure that is comprehensively secure. The full nodes of this blockchain will reportedly run on CertiKOS, which they say is a “fully verified hypervisor / concurrent OS kernel” that provides purportedly military-grade security against hacking attempts. Additionally, the announcement states that the blockchain is underpinned by the CertiK Virtual Machine, which uses the…

Uganda to Deploy MediConnect’s Blockchain Platform for Tracing Fake Drugs

The Ugandan government has partnered with blockchain startup MediConnect to trace counterfeit drugs in the country, according to a press release shared with Cointelegraph on July 22. The President of Uganda, Yoweri Musevini, Minister of Health Jane Ruth Aceng, and other government officials granted support for MediConnect’s blockchain-based platform designed to deal with various issues in the pharmaceutical sector. Specifically, the government stated that it would deploy the platform for tracking counterfeit drugs. The platform enables the recording of prescription medication, thus identifying counterfeit drugs and preventing their distribution in…

Swedish Crypto Exchange QuickBit Announces User Data Breach

Database issues at the Swedish digital currency exchange QuickBit resulted in a breach of sensitive user data, according to an official announcement published on July 22. In the announcement, QuickBit revealed that personal data such as names, addresses, email addresses and card information of 2% of its customers was exposed. QuickBit said that no passwords or social security numbers, complete account or credit card information, cryptocurrency or private keys, or financial transactions were exposed or affected. QuickBit initially published its suspicions about the data incident on July 19, stating that…

Domain Registrar EnCirca Accepting Applications for Ethereum Addresses

Domain registrar company EnCirca has announced that it is accepting pre-registration applications for the Ethereum website extension, “.ETH”. EnCirca said that it will be accepting applications until August 10, in a press release on July 18.  EnCirca also said that they were the first registrar approved by the Internet Corporation for Assigned Names and Numbers (ICANN) to accept applications for Ethereum domain websites. According to its website, ICANN is a not-for-profit public-benefit group that serves to coordinate and develop policy for Internet naming conventions.  According to the press release, EnCirca…

Circle Expands to Bermuda to Offer New Services to Non-US Clients

Major crypto payments firm Circle will launch a new subsidiary in Bermuda in order to serve non-American customers of its trading platform Poloniex. In a blog post on July 22, Circle said that it has acquired a full license to offer crypto-related services under Bermuda’s Digital Assets Business Act of 2018, a major local regulatory framework for cryptocurrencies that was introduced in July 2018. Many Circle services will be unavailable in the U.S. due to regulatory limitations As a part of the expansion to Bermuda, Circle plans to offer an…

Price Analysis 22/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

Bitcoin is ready for a big move in either direction. Let’s watch the critical levels on the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Regulators and politicians around the world, barring a few, continue to hound Facebook’s Libra coin. European Central Bank board member Benoit Coeure said that Libra will not…