July 9, 2019

CoinMarketCap and Crypto Briefing Introduce New Analysis Product

July 9, 2019 boss

Digital currency review platform Crypto Briefing and CoinMarketCap’s Data Accountability and Transparency Alliance (DATA) are jointly launching a new crypto research and analysis product, Simetri. The organizations announced the development in a press release shared with Cointelegraph on July 9. The institutional-grade Simetri is designed to ensure transparency and verifiable order book data from cryptocurrency exchanges, as well as provide in-depth fundamental analysis and unbiased insights into crypto projects. Simetri will be embedded in cryptocurrency profiles on CoinMarketCap’s site. Specifically, Simetri will assess fundamental elements of a project such as…

Does Bitcoin Breakout Signal More Rallies to Come Later this Year?

July 9, 2019 boss

When Bitcoin (BTC) went through a disappointing year in 2018, following the astonishing bull run at the end of 2017, many experts all over the world had written off the cryptocurrency. However, in 2019, the coin has come roaring back and went on another incredible bull run that has raised visions of a rally that could be similar, if not better, than the one that took place in 2017. In 2019 alone, Bitcoin has gained as much as 240%, and there is a belief among crypto experts that it could…

Ethereum (ETH) Likely To Expand Because of On-Chain Enhancements

July 9, 2019 boss

Ethereum (ETH) up 5.4 percent In two years, ETH issuance may be reduced 10-fold. From Constantinople to the activation of EIP 1234, Ethereum fundamentals are overly bullish. Add that to possible plans of reducing ETH issuance by 2021 and bulls are at a prime position to rally. At the moment, ETH is up 5.4 percent. Ethereum Price Analysis Fundamentals The Ethereum developer community are a determined lot. The Constantinople update set the ball rolling. Plus, with another update in two months, all indicators point to a bullish ETH. However, in…

IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users

July 9, 2019 boss

A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on their cryptocurrencies. Also Read: Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy IRS Proposes Extreme Tactics for Investigating Crypto Users An IRS slideshow created by James Daniels, IRS-CI cyber…

Overstock’s tZERO Tokenizes Upcoming ‘Atari: Fistful of Quarters’ Movie

July 9, 2019 boss

tZERO, the cryptocurrency wing of American retail giant Overstock, will tokenize forthcoming motion picture “Atari: Fistful of Quarters,” according to a press release published on July 9. Per the release, tZERO has partnered with the upcoming movie’s producers to develop a token dubbed “Bushnell,” which will be sold by the film production and financing company Vision Tree. Token owners will purportedly get shares of movie earnings, and receive additional benefits, including the ability to vote on the movie’s trailer and make a point of choosing the movie cast. The upcoming…

Bitcoin Is the ‘Single Best’ Financial Hedge: Warren Buffett ‘Disciple’

July 9, 2019 boss

Venture capitalist Chamath Palihapitiya, a self-proclaimed “disciple” of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself. “It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told CNBC. “Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress.” Palihapitiya first bought the original cryptocurrency several years ago when its price hovered at $100.…

Bitcoin Is the ‘Single Best’ Financial Hedge: Warren Buffett ‘Disciple’

July 9, 2019 boss

Bitcoin Broke $12,500 as US Stock Market Sees Minor Downturn

July 9, 2019 boss

Tuesday, July 9 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $12,500 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up by nearly 6% on the day, trading around $12,545 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 15.64%. Bitcoin 7-day price chart. Source: Coin360 A Twitter account of a Bitcoin enthusiast pointed out earlier today that, on major cryptocurrency exchange Binance, a user sold about 7,350 BTC,…

Russia to Postpone Adoption of Bill on Digital Currencies

July 9, 2019 boss

Russia’s parliament, the State Duma, may defer the adoption of the country’s major crypto bill “On Digital Financial Assets” (DFA) until the autumn session, local news outlet TASS reported on July 9. The Duma is considering shifting the adoption of the DFA bill to the autumn session, while the representatives have largely agreed on a bill on crowdfunding, according to the chairman of the State Duma Committee on Financial Markets, Anatoly Aksakov. Aksakov further explained that officials have not been able to reach a common position on the fate of…

The Bitcoin and Gold Advantage, Will BTC Trounce Status Quo?

July 9, 2019 boss

Bitcoin (BTC) uptick, adds 16.7 percent The entry of Lagarde as ECB chair is bullish for cryptocurrencies Gold and Bitcoin, according to leading analysts, are certified safe havens. The global economy may end up floundering. However, the entry of Christine Lagarde as the ECB chair is bullish news for cryptocurrencies like Bitcoin. Thus far, BTC is up 16.7 percent week to date. Bitcoin Price Analysis Fundamentals The battle for the next generation store of value is a fierce contest between gold and Bitcoin. While the former has a well tabulated…