July 11, 2019

Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development

July 11, 2019 boss

Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s BCH community raised funds for the Bitcoin Cash Development Fund. Bitkan highlighted that the BCH community is one of the most active on the K-Site platform. Bitkan believes open source development is very important and that companies and individuals within the community should support development of innovative blockchain and…

Blockchain Financial Firm Diginex Goes Public in Reverse Merger With 8i

July 11, 2019 boss

Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10. Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to $276 million including debt. Diginex shareholders will reportedly get 20 million ordinary shares of 8i, valued at $10 per share. According to Diginex’s CEO Richard Byworth the deal is set to ensure broader market…

Bitcoin’s 3-Day Price Charts Point to an Impending ‘Golden Cross’

July 11, 2019 boss

A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days. That would be the first golden crossover on the three-day chart since early February 2016. CoinDesk reported on a golden cross for bitcoin’s daily chart back in April. Seasoned traders often refer to that long-term bull market signal as…

Bitcoin’s 3-Day Price Charts Point to an Impending ‘Golden Cross’

July 11, 2019 boss

Two Americans Fined $360,000 for Impersonating CFTF in Bitcoin Scam

July 11, 2019 boss

Texas court has granted a motion against two American citizens that were soliciting Bitcoin impersonating the U.S. Commodity Futures Trading Commission (CFTC). The criminals were using Facebook and email tactics to persuade citizens into sending them bitcoin, claiming they were investing those funds into financial products. This according to an official CFTC press release, July 10, 2019. An Unwise Imitiation Two American citizens are currently facing a default judgment in Texas for fraudulently representing the U.S. CFTC to persuade investors into sending them bitcoins. The U.S. District found Morgan Hunt…

Stellar Lumens (XLM) Down 50% Since IBM Parted Ways With Jesse Lund

July 11, 2019 boss

Stellar Lumens (XLM) battered, slides 14.5 percent Even with IBM, bears are relentless Coinciding with Jesse Lund and CTO Yang exit, XLM prices are in a downtrend. Presently, XLM is at a precipice with traders aware that losses below 7 cents could see bears aim for new lows. Meanwhile, the coin is down 14.5 percent from last week’s close. Stellar Lumens Price Analysis Fundamentals Despite seamless communication, finance appears to be lagging. However, the introduction of a new layer, a web built on top of the internet is where future…

Cointelegraph to Moderate Special Event for Fintech Journalists

July 11, 2019 boss

Cointelegraph is going to moderate an international media event at the BlockShow Asia 2019 conference in Singapore. The closed session for fintech journalists will take place at Marina Bay Sands on Nov. 13 — a day before the so-dubbed “Festival of Decentralized Technology” begins. Organizers say the event, known as BlockShow Medialogue, will bring top media outlets and PR agencies under the same roof, enabling them to network and discuss new trends. Addy Crezee, CEO of BlockShow, said: “Events are important and Medialogue is a great step for all journalists…

Cointelegraph to Moderate Special Event for Journalists

July 11, 2019 boss

Cointelegraph is going to moderate an international media event at the BlockShow Asia 2019 conference in Singapore. The closed session for journalists will take place at Marina Bay Sands on Nov. 13 — a day before the so-dubbed “Festival of Decentralized Technology” begins. Organizers say the event, known as BlockShow Medialogue, will bring top media outlets and PR agencies under the same roof, enabling them to network and discuss new trends. Addy Crezee, CEO of BlockShow, said: “Events are important and Medialogue is a great step for all journalists interested…

Bitcoin Sentiment in Venezuela Negative, BTC Post Double Digit Losses

July 11, 2019 boss

Bitcoin (BTC) down 10.7 percent Venezuelans lambast Bitcoin Struggling against rampant sellers, Bitcoin is in a downtrend. In the last day, the coin is down 10.7 percent in 24 hours, but with criticism from Venezuela and Latin America, BTC could print lower in days ahead. Bitcoin Price Analysis Fundamentals Social media activity is a metric that gauges impact of a product through buzz and sentiment. Analysis can reveal some interesting facts about especially in digital assets like Bitcoin where hype plays a part. In other case, it reveals what people…

Cryptos Are Not a Threat to Financial Stability

July 11, 2019 boss

Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution’s website on July 9. Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, stated that “crypto-tokens currently do not pose a risk to monetary or financial stability.” Furthermore, he also noted that “gaps may occur where they fall outside the scope of regulators’ authority or where there is an absence of international standards.” This idea is…