Day: July 1, 2019

Bitcoin Briefly Stumbles Under $10,000, What’s Next for BTC Price?

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Bitcoin Stumbles Under $10,000 Earlier today, Bitcoin (BTC) finally fell under $10,000 after a week of pure tumult. Despite the fact that this occurrence was brief, with the asset only remaining under the key psychological resistance/support for minutes, maybe even seconds, many were disturbed by the loss of $10,000. But, what exactly is next for the cryptocurrency, which is down by 9.7% in the past 24 hours as of the time of writing this? Well, as long as Bitcoin manages not to fall dramatically, many expect for BTC to consolidate…

Bitcoin Briefly Stumbles Under $10,000, What’s Next for BTC Price?

boss

Bitcoin Stumbles Under $10,000 Earlier today, Bitcoin (BTC) finally fell under $10,000 after a week of pure tumult. Despite the fact that this occurrence was brief, with the asset only remaining under the key psychological resistance/support for minutes, maybe even seconds, many were disturbed by the loss of $10,000. But, what exactly is next for the cryptocurrency, which is down by 9.7% in the past 24 hours as of the time of writing this? Well, as long as Bitcoin manages not to fall dramatically, many expect for BTC to consolidate…

This Is Your Last Chance to Buy the Dip Before Bitcoin Pierces $20,000

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In early May, we accurately predicted that bitcoin would trade above $11,500 before the end of 2019. The leading cryptocurrency breached that level last month, recording a fresh yearly high above $13,000. Since then, BTC has been correcting and is back trading near $10,000. While many see the retracement as the end of bitcoin’s parabolic rise, our analysis shows that the number one cryptocurrency is simply consolidating gains as those who caught the bottom take profits. However, once this round of selling is over, we are confident that bitcoin will…

Russia Will Not Introduce Separate Regulation for Facebook’s Libra

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Russia will not develop a separate regulation for Facebook’s cryptocurrency Libra, according to Deputy Finance Minister Alexei Moiseev, Interfax reported on July 1 Moiseev stated that Russia will not introduce separate legislation for Libra as there will be uniform rules for all circulating digital currencies. “No one is going to introduce a ban. A large number of businesses ask when it will finally be possible to legally conduct an ICO [initial coin offering] transparently. This will definitely be regulated, permitted, and that is about it,” Moiseev said. Moiseev noted that…

Hedge Funds Behind Bitcoin Explosive Price Rally, Say Experts

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For a market that prides itself for being decentralized, bitcoin appears to be a lot in control of a few players only. The first and the foremost cryptocurrency registered an explosive growth in the first half of 2019. As of today 16:31 UTC, bitcoin was trading 177 percent higher from the year’s opening rate of $3,691.87, which is exponentially higher than what the benchmark S&P 500 Index and Gold returned. But, as the latest issue of FN London describes, the bitcoin price rally could have been driven mainly by crypto-focused…

Blockchain-Based Insurance Platform for Farmers Launches in Sri Lanka

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Decentralized insurtech firm Etherisc has launched a blockchain-based insurance platform for farmers in Sri Lanka The platform is the result of a partnership with the insurance company Aon and the charity Oxfam in Sri Lanka, according to a press release by Aon on July 1. As per the report, the aim of the insurance platform is to provide a way for Sri Lankan farmers to access risk protection in the face of potential crop-obliterating weather conditions. The report states that almost 200 farmers have enrolled to use this platform for…

Over 100 Fake Domains Registered Relating to Facebook’s Libra

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Cyber threat intelligence firm Digital Shadows has discovered over 100 fake domains registered relating to Facebook’s forthcoming stablecoin Libra, the Independent reported on July 1 As of June 19, researchers at Digital Shadows had found over 100 domains registered relating to Libra and several dozen referring to the associated digital wallet Calibra, with some of them containing malicious content. The firm divided the websites into two groups — those impersonating Libra’s official website, and those promoting scams. “Instead of relying on media buzz and hype around the brand, these types…

Ripple (XRP) Underperforming, It Could Get Worse As Price Falls 16%

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Ripple (XRP) slides 16 percent Prices may remain low for an extended period following the unlock of one billion XRP According to crypto analytics services, one billion XRP is on the move, following the tokens’ discharge from an escrow account. Speculation is that the account belongs to a Ripple executive. The bone of contention: this may hurt prices, deflating XRP holders already dissatisfied with an underperforming asset. Presently, XRP is down 16 percent over the past week.  Ripple Price Analysis Fundamentals The assumption Ripple is striving to be an alternative…

Dubai Chamber of Commerce Signs MoU on Blockchain Trade Solutions

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The Dubai Chamber of Commerce and Industry (DCCI) has entered a joint initiative to promote the adoption of blockchain trade solutions, according to a press release on July 1 The DCCI, which acts as an international business hub in Dubai, has signed a memorandum of understanding (MoU) with two entities the International Chamber of Commerce (ICC) and Singapore-based blockchain startup Perlin. According to the report, DCCI is the first chamber of commerce in the world to offer blockchain tools developed by the ICC, as well as the Centre of Future…

Price Analysis 01/07: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA, TRX

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After a vertical rally, will bitcoin see a waterfall decline? What are the critical levels to watch on the way down? Let’s study 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. Blockstream CEO Adam Back said in a recent panel discussion that the developments in the crypto space are happening at…