Despite Tether & Serenity News, Ethereum (ETH) Analysts Still Wary

Ethereum Sees Two Key Developments All eyes may be focused on Bitcoin right now, but Ethereum (ETH) has seen a number of strong positive developments over recent days and weeks. Just the other day, Binance, one of the world’s largest exchanges, revealed that it would be changing its Tether (USDT) stockpile from Omni (Bitcoin-based system) to the Ethereum blockchain. (For those unaware, USDT exists on four chains simultaneously, these being Omni, Ethereum, Tron, and EOS.) Binance’s Changpeng “CZ” Zhao told users of his platform last month that as soon as…

President Trump Praises Quantitative Easing, Bitcoin Wins

Bitcoin bulls believe that the current currency tussle between world leaders will ultimately prove decisive for BTC. Some commentators are even pointing to significant signs of bitcoin becoming a hedge for many investors against uncertainties in traditional markets. President Trump Urges Fed to Counteract Foreign Monetary Policies U.S. President Donald Trump has made a call to the country’s monetary policymakers to match China and the European Union (EU) in adopting dovish policies. Tweeting on July 3, 2019, President Trump accused China and Europe of playing a game of “currency manipulation.”…

Cryptocurrency Market Trades Sideways as Bitcoin Hovers Shy of $12,000

Thursday, July 4— The number one cryptocurrency Bitcoin (BTC) is seeing mild gains on the day as ether (ETH) and ripple (XRP) trade sideways.  Market visualization. Source: Coin360 Bitcoin has had a volatile week. Bitcoin was trading at over $13,000 on June 26 and under $10,000 on July 2. Bitcoin is currently trading at just over $11,850, and some analysts think BTC could rally significantly today as it is Independence Day in the United States. Crypto analytics website SFOX reported that holidays in the midst of a bull market tend…

Fujitsu Unveils Blockchain-Based Identity and Credential Rating Service

Japanese tech research firm Fujitsu Laboratories has developed a blockchain-based solution for evaluating user credentials, identity and trustworthiness in online transactions, according to an announcement by Fujitsu on July 4. As reported, the solution considers user ratings, stored on a blockchain, to assign every user a “trustworthiness score.” Users reportedly rate each other when a transaction occurs and the technology evaluates this data to make a guess about users’ relationships with one another. Other users can then see how high someone else’s trust score is before agreeing to a transaction,…

Craig Wright Still Can’t Access “His” Bitcoin Fortune

Bloomberg recently reported that Craig S. Wright, the self-proclaimed creator of Bitcoin, is unable to provide details of his purported $10 billion in BTC. These details were brought to attention following a lawsuit lanced by Ira Kleiman, the brother of Dave Kleiman, a former business associate of Wright. Now, in a court disclosure, Kleiman’s defense has released emails between Craig Wright and Denis Mayaka of Abacus Seychelles, where Wright is shown to have purchased Tulip Trust, an alleged blind trust set up in 2011, from an offshore company in 2014,…

Craig Wright Uses Falsified Docs to Prove Innocence in Kleiman Case

Self-proclaimed Bitcoin (BTC) creator Craig Wright has allegedly provided fabricated court documents to prove a trust deed with his plaintiffs, as seen from documents revealed by trial lawyer Stephen Palley on Twitter on July 3. According to Palley, the self-styled Satoshi Nakamoto has failed to prove his case by presenting court documents that Palley alleges to be fake, as they contain multiple chronological discrepancies. Among the exhibits filed with the District Court for the Florida Southern District on July 3, there is a document submitted as proof of cooperation between…

$500 Million Spend On XRP Use Case Development

Ripple (XRP) under pressure $500 million has been spent in over 20 companies by Ripple’s Xpring. Xpring has spent over $500 million in over 20 companies. Their focus is to “build the best crypto infrastructure through contributions to open source crypto protocols such as the XRP Ledger and InterLedger projects.” Even so, XRP is under pressure and down 15.1 percent week-to-date. Ripple Price Analysis Fundamentals Adoption is the only catalyst that will turbo-charge blockchain related development. Standing to reap enormous benefits is Ripple. Armed with three innovative solutions, progress is…

Bitcoin (BTC) to Gain More Strength Above $12k Mark

Bitcoin (BTC) is eyeing fresh gains after a 30% correction from one-year highs. The crypto elicited some selling pressure after a spike to the $13,800 level. A pullback from its one-year highs initially raised concerns as to whether the flagship crypto would continue gaining. Bitcoin Price Analysis A plunge below the $10,000 level appears to have triggered some buying pressure because Bitcoin has once again started surging, consequently taking out the $12,000 mark, be it for a brief moment. A bounce back to the $12,000 level could as well signal…

Can the Crypto Market Live Without It?

There is perhaps no other crypto asset more subject to scrutiny and accusations of impropriety than the Tether stablecoin. The startup behind the coin has been blamed for market manipulation while its business dealings and accounting practices have stirred up many concerns. Critics argue that Tether lacks transparency, possibly engages in criminal activity and does not have the financial backing that it claims.  These accusations are somewhat vindicated by the current case by the New York Attorney General (NYAG) against the business and its owner, iFinex, which is also the…

Bitcoin (BTC) In A Pole Position To Soar After Trump’s Recent Remarks

Bitcoin (BTC) bulls are firm, adds 4.2 percent Slashing rates and weakening the USD is bullish for BTC Because of Trump’s pressure on the Federal Reserve, the central bank could end up cutting interest rates. According to Pompliano, such a lax monetary policy could see capital flow to Bitcoin. In turn that will lift prices toward $100,000 by 2021. Bitcoin Price Analysis Fundamentals There is a direct correlation between Bitcoin price expansion and global economic turmoil. A slip in the latter causes a sporadic rise in the other, and there…