July 17, 2019

Major Altcoins Rally as Bitcoin Sees Slight Gains

July 17, 2019 boss

Wednesday, July 17— The number one cryptocurrency Bitcoin (BTC) is seeing slight gains on the day as major altcoins (ETH) and Ripple (XRP) rally. Market visualization. Source: Coin360 Bitcoin has been trending down this week. Bitcoin retook $13,000 on July 9 before sinking all the way down to under $10,000 by July 16. At press time, BTC is trading just over $9,800 with a 2.64% gain on the day. On July 4, analysts at SFOX conjectured that Bitcoin could rally in light of the American national holiday Independence Day, arguing…

Ethereum (ETH) in Free Fall, Down 34% Following Bitcoin Cash Idea

July 17, 2019 boss

Ethereum (ETH) slides 34 percent as bears step up Bitcoin Cash may be used to temporarily solve Ethereum’s scalability problems Vitalik has an audacious plan of integrating Ethereum with Bitcoin Cash before ETH 2.0 full activation. However, there is resistance from some quarters with a majority against his idea. In the meantime, bears are in full throttle as ETH slumps 34 percent from last week’s close. Ethereum Price Analysis Fundamentals Regardless of how Ethereum supporters try to scrutinize the platform’s performance, everything will boil down to scalability. Striking a perfect…

Price Analysis 17/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, TRX

July 17, 2019 boss

This dip is a good buying opportunity in Bitcoin. What are the critical levels to watch out for? Let’s look at the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin rallied from $3,355 on Jan. 29 to a high of $13,973.5 on June 26. That is a gain of 316.49% in…

Cardano (ADA) Sellers of 2018 Flow Back, Prices Sink 32.7%

July 17, 2019 boss

Cardano (ADA) sheds 32.7 percent week-to-date Emurgo releases Yoroi update There’s a new Yoroi wallet update introducing further improvements like the hide balance option. However, that is not enough to support ADA as prices are down 32.7 percent. Cardano Price Analysis Fundamentals Research and peer-reviewing of code underpin Cardano. Promising to dislodge Ethereum as the king of smart contracting, the Cardano development team is after perfecting their system. Delaying in phase transition, their leaning on quality and satisfactory experimentation is top priority. Presently, Shelly test net is live. While developers…

McDonald’s, Nestlé and Virgin Media Join Blockchain in Advertising Pilot

July 17, 2019 boss

McDonald’s, Nestlé and Virgin Media have joined a new blockchain pilot seeking to increase transparency in advertising online. Developed by the Joint Industry Committee for Web Standards (Jicwebs) — a British United digital ad trading standards body — the new initiative aims to assess the potential of blockchain in the digital ad supply chain, as business media outlet Campaign reports on July 16. First announced in May 2019, the Jicwebs’ blockchain-powered pilot is now joined by global industry giants’ respective media agencies, Zenith, OMD UK and Manning Gottlieb OMD, who…

McDonald’s, Nestlé and Virgin Media Join Blockchain in Advertising Pilot

July 17, 2019 boss

IMF Chief Economist Urges Regulatory Vigilance on Libra

July 17, 2019 boss

The International Monetary Fund (IMF) has called on global regulators to pay attention and take proper regulatory action regarding Facebook’s Libra. Speaking with Reuters on July 17, Gita Gopinath, chief economist at the IMF, urged the global regulatory community to pay serious attention to Facebook’s crypto project during the early stages of its development. Gopinath emphasized that global financial regulators should act immediately to ensure that they are not too late in taking the necessary measures. Gopinath outlined the major risks associated with the stablecoin, including concerns about data privacy,…

Bitcoin (BTC) Bulls Resigned, Prices Slump 24.6% In A Rout

July 17, 2019 boss

Bitcoin (BTC) is down 24.6 percent Governments ready to tame cryptocurrencies as they avert a possible clash with central banks According to analysts, governments and regulators are planning to “kill” cryptocurrencies and Bitcoin. That’s because of their decentralization and ability to empower end-users. Meanwhile, BTC is printing double-digit losses, sliding 24.6 percent week-to-date. Bitcoin Price Analysis Fundamentals Blockchain is said to be the most significant innovation in the 21st century. And gladly, it is not rocket science to figure that out. From Satoshi’s ambition of seeing complete decentralization of power,…

Bitcoin Rallies 7% From $9,100, Analyst Deems BTC Drop Over

July 17, 2019 boss

Bitcoin May Be Forming Short-Term Bottom Bitcoin (BTC) has finally started to show some life on its short-term chart once again. In the past 8-odd hours, the cryptocurrency has rallied off its $9,150 bottom, moving up 7% to $9,800 where it stands now. According to a chart from Scott “The Wolf of All Streets” Melker, a popular crypto asset trader and DJ, this sudden breakout has seen BTC move above a key descending wedge and foray above a previous swing low/resistance. What’s more, the Relative Strength Index (RSI) is working…

Libra to Satisfy All Regulatory Matters Before Its Launch

July 17, 2019 boss

David Marcus, CEO of Facebook’s crypto wallet Calibra, underlined that Facebook would not launch the Libra cryptocurrency project before they address all regulatory concerns. Marcus delivered his comments at a hearing on Libra with the Financial Services Committee of the United States House of Representatives today, July 17, as reported by a Cointelegraph correspondent. On the second day of hearings on Libra’s structure and management, Rep. Nydia Velazquez asked Marcus, “Will you commit yourself to not launch before all the concerns from the Federal Reserve and other regulators are addressed?”…