Day: July 17, 2019

Ripple Price (XRP) Holding Ground While Bitcoin Dived 15%

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Ripple price failed to climb above the $0.3230 resistance and resumed decline against the US dollar. The price broke the $0.3000 support level and traded to a new monthly low at $0.2835. This week’s followed bearish trend line is active with resistance at $0.3075 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could decline below $0.2800 if it continues to struggle near $0.3075 and $0.3100. Ripple price is holding an important support against the US Dollar, while bitcoin and Ethereum dived nearly 15%. XRP…

Ethereum Price (ETH) Dives Below $200 & BTC Down 15%

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ETH price declined heavily and broke the $220 and $210 support levels against the US Dollar. The price is down around 15% and it even broke the $200 support area to move into a bearish zone. There is a key bearish trend line forming with resistance near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to slide further below the $192 and $190 support levels in the near term. Ethereum price is declining heavily and is already down more than 15% versus the…

Grayscale Investments Report Assets Under Management of $2.7B

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Digital asset management fund Grayscale Investments has recorded an all-time high volume of assets under management of $2.7 billion. Per a Digital Asset Investment Report on Q2 2019 that Grayscale shared with Cointelegraph on July 16, the firm counted over $2.7 billion in assets under management as of July 15, 2019. The figure thus marks a near tripling of assets under management by the company since the preceding quarter. Grayscale’s overall performance in Q2 Grayscale stated in the report that total investments into its single-asset and diversified investment products in…

‘A Recipe for More Corporate Power Over Markets’

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Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee.  Senator Brown’s recent comments came by way of an official video tweet by NowThis News on July 16, posted hours after the Senate Banking Committee hearing on Facebook’s Libra. Brown appeared especially concerned about Facebook gaining the ability to force people to use their money and play by their rules. He remarked: “What happens when Facebook forces businesses to quit accepting your credit card…

IBM Triples Number of Blockchain Patents in US Since Last Year

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Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of last year, according to a report by BeinCrypto on July 16. According to data gathered by Yuval Halevi, co-founder of crypto and blockchain PR company GuerillaBuzz, IBM’s number of active patent families dwarfs other notable corporations. This includes some primary tech companies, such as Intel, Microsoft, and Dell Technologies: “In just 1 year the number of…