Day: July 10, 2019

Bitcoin Price Drops $1,000 or More Right at “Logical” Failure Point

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This week, Bitcoin’s rally and potential drive upward back into a full-blown bull run and parabolic advance reached a high point of $13,200, before bears got the best of bulls who had kept pumping up Bitcoin price higher and higher over the last 48 hours. During the 2018 bear market, once Bitcoin’s parabolic advance was broken it ping-ponged between peaks and troughs before eventually bottoming. Will Bitcoin once again find a bottom now that more upside potential was rejected for now, and is $13,200 the new resistance to break before…

Shell Invests in Blockchain-Based Energy Startup

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Shell, the world’s fifth largest oil and gas firm, has invested in a blockchain-based energy startup, Forbes reports on July 10. The European oil and gas giant has invested an undisclosed amount in New York-based LO3, whose Exergy platform tracks energy with blockchain technology. The recent investment in LO3 marks Shell’s fourth public investment in blockchain-related firms, Forbes noted, listing platforms such as Vakt, Komgo, and Applied Blockchain as other portfolio blockchain companies. According to the report, Shell has an option to convert its investment in LO3’s native tokens called…

Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

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Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency. “We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday. Tyler added that in their view, Libra is a harbinger of cryptos to come: “Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have…

Bitcoin Price Will Hit $100,000 by 2021 Thanks to Facebook: Fund Manager

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Bitcoin is rallying once again after suffering a small stutter in the final week of June. The price of the flagship cryptocurrency is hovering around the $13,000 mark once again, and not surprisingly, the bulls are out in full force with their big bitcoin price predictions. Bitcoin permabull Anthony Pompliano told Yahoo! Finance’s The Ticker in an interview that the price of the crypto asset could “eclipse” the $100,000 barrier by 2021. Highlight: “By the end of 2021, we’ll see [bitcoin] eclipse a $100,000,” says @APompliano. Says $20,000 is the…

Bitcoin Bull Run Barely Even Started, Six Digits a Possibility |

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The bitcoin price is looking to hit a six-digit dollar valuation soon, according to market analyst GalaxyBTC. The cryptocurrency trader said today that closing above $10,000 is a vital breakout moment for bitcoin. He showed that the level is going to play out as a stubborn resistance zone in the coming days based on a so-called “2015 fractal.” Bitcoin Price Repeating 2015 Trend | Image Credits: GalaxyBTC Back in the year, bitcoin dropped below the $150 level, recovered, and eventually started consolidating in a range defined by approx $200 and…

DX.Exchange To Launch Turbo Token – Margin Trading on the Blockchain

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DX.Exchange – the digital asset platform that bridges the gap between blockchain technology and the traditional financial markets, has just announced that it has launched the world’s first-ever Smart Leverage Token (SLT). On top of its portfolio of digital stocks and ETFs that are represented by blockchain assets, the SLTs will enable investors to trade on margin via the blockchain protocol. The SLTs will allow traders to obtain leverage on Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA) and Binance Coin (BNB), all of which can be traded against USDT…

Middle East Blockchain Development Primed to Lead the Global Industry

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While we often get to hear about how cryptocurrency adoption is rapidly gaining ground in the West, a number of countries across the Middle East — such as Bahrain, the United Arab Emirates and Saudi Arabia — often tend to get overlooked, despite them having made tremendous strides when it comes to establishing regulatory frameworks that are geared toward the optimal utilization of this burgeoning asset class. For example, a recent report by Asia Times has revealed that the UAE is one of the few nations in the world where…

Binance Expands Fiat Trading Pairs for Singapore Exchange

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Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. Now, Binance Singapore will now allow users to buy and sell cryptocurrency for Singapore dollars. Currently, local users can buy Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) on the platform, with more crypto coming in the future. The platform reportedly allows for instantaneous deposits and withdrawals via the…

Visa Makes Its Second Investment into a Crypto Startup

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Global payment giant Visa has recorded its second investment in a crypto project by leading a $40 million funding round of Anchorage startup, according to a Fortune report on July 10. Visa has reportedly led the round along with major cryptocurrency venture capital (VC) firm Blockchain Capital to support institutional-grade crypto custody service Anchorage, which previously raised $17 million in an investment led by Andreessen Horowitz. In the new round, both the amount of Visa’s contribution and Anchorage’s private valuation were not disclosed, the report notes. Both Visa and Anchorage…

Bitcoin Smashes Past $13,000: BTC is “Bullish AF”, Analyst Says

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Bulls Boost Bitcoin Beyond $13,000 Bulls have continued to make their presence known on Wednesday. Bitcoin (BTC), as of the time of writing this, is changing hands for $13,050 apiece, marking the highest the asset has been since late-June, prior to the brutal $4,000 dump following the blow-off top at $13,800. This rapid bullish reversal, which took a mere two weeks’ time, accentuates that Bitcoin is clearly in an uptrend. If Bitcoin manages to close a daily candle, let alone a weekly candle, above $13,000, many analysts, including Crypto Hornhairs…