July 2, 2019

Will Bitcoin (BTC) Consolidate Around $10,000? Analysts Sure Think So

July 2, 2019 boss

Bitcoin Consolidation Inbound Volatility is back in full swing in these Bitcoin (BTC) markets. Ever since falling under $10,000 yesterday, BTC has been in a bit of a tumult, finding itself everywhere from $9,750 to $10,800. While some are expecting a large breakout to the upside, some have suggested that BTC will continue to consolidate in this range for maybe a few more weeks. Here’s why. As Twitter statistician PlanB points out, Bitcoin’s 12-month Relative Strength Index (RSI), an indicator meant to determine if an asset is “overbought”, “oversold”, or…

ZenGo Demonstrates Proof-Of-Concept of a Keyless Wallet for Facebook’s Libra

July 2, 2019 boss

The non-custodial crypto wallet solution ZenGo has created an open source project that purportedly provides proof-of-concept (PoC) for its ability to support social media giant Facebook’s virtual currency Libra, according to an official announcement by ZenGo on July 2. According to the announcement, this proof-of-concept project shows that it is possible to perform Libra transactions on the Libra testnet blockchain. However, the findings are limited, as the report cautions: “Obviously, this experiment is only based on a testnet and we will have to explore further once Libra makes its mainnet…

This UK Financial Regulator Has a Problem with Facebook’s Libra Coin

July 2, 2019 boss

Most individuals in the crypto space have been following the journey of the Libra coin, Facebook’s recently unveiled cryptocurrency. From month-long rumors to the company unveiling it last month to Binance reportedly entering discussions with Facebook over it, the public has long known about Libra coin. And today, July 2, there is even more news about it. But it’s not good. More News About the Libra Coin On Tuesday, July 2, The Guardian reported that Christoper Woolard has warned against the Libra coin. Woolard, who is a senior financial regulator…

This UK Financial Regulator Has a Problem with Facebook’s Libra Coin

July 2, 2019 boss

Bitcoin (BTC) Corrects 30% & Falls Below $10K

July 2, 2019 boss

Bitcoin price has pulled lower, a move that has been attributed to traders taking profits after a meteoric rise in recent weeks. A spike to one-year highs of $14,000 had initially elicited suggestions that the crypto was on its way to new all-time highs. However, that was not to be, as a 30% pullback has triggered a slide below the $10,000 mark. Bitcoin 30% Pullback The steep pullback may well be the result of a trader placing a sizeable short order of 20,000 BTC on Bitfinex exchange. The short trade…

Abkhazia to Build Large Crypto Mining Farm, President Says

July 2, 2019 boss

The partially recognized Republic of Abkhazia is planning to build a large cryptocurrency mining farm, the President Raul Khadjimba claimed in an interview with news outlet RiaFAN, published on July 2. When asked if Abkhazia’s plans to create a large crypto mining farm are still valid, Khadjimba said that “unfortunately, there are some difficulties. We are trying to legitimize these processes so that they bring some revenue to the country’s budget.” Khadjimba also pointed out that Abkhazia already hosts facilities illegally established by individuals. Khajimba agreed with the remark that…

Bitcoin’s Survival Depends on an Uncensorable Internet

July 2, 2019 boss

In an age of unprecedented censorship, surveillance and rampant deplatforming, Bitcoin stands out as a beacon of hope. Its decentralized ledger enables value to be transmitted to anyone, anywhere without fear or favor. Whether you’re a Mongolian goat herder or a Miami drugs baron, your money is good when it’s sent as bitcoin. But Bitcoin alone is not enough. For it to function fully, it requires an uncensorable internet, from base layer to application. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?…

21.5% Of Bitcoin Owners Are Hodlers Despite BTC Price Scares

July 2, 2019 boss

Bitcoin (BTC) sinks 5.1 percent in the last day Holders are steadfast, 21.5 percent of all BTC in circulation static in the last half a decade In an independent research, Delphi Capital now reveals that holders are unmoved even by the recent Bull Run. Overly, it is a good sign that over 21.5 percent of all BTC in circulation are secure. It’s a sign of confidence, especially now that bulls are cooling off in a correction. Bitcoin Price Analysis Fundamentals Coinciding with Yen, CHF and gold revival, Bitcoin’s rally was…

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

July 2, 2019 boss

Tuesday, July 2 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as Bitcoin (BTC) hovers over the $10,600 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up by about half of a percent on the day, trading around $10,649 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 3.63%. Bitcoin 7-day price chart. Source: Coin360 According to a recent report from equity research platform Seeking Alpha, Facebook’s new cryptocurrency project really can…