Day: July 18, 2019

Major Coins in the Green, Bitcoin Hovers Over $10,000

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Thursday, July 18 — following Bitcoin’s (BTC) price retaking $10,000 earlier today, top-20 cryptocurrencies have seen notable gains on the day, with only UNUS SED LEO (LEO) casting a gloom on the prospects. Market visualization. Source: Coin360 BTC is up 7.63% over the last 24 hours, and is trading at around $10,549 as of press time. Having briefly dipped to as low as $9,385 during the day, BTC has rebounded and is apparently pushing to the $11,000 price point. BTC is still down over 15% in terms of its weekly…

Why Didn’t Facebook Just Build Libra on Ethereum?

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People may wonder why Facebook has chosen to build their Libra blockchain network from scratch, rather than building on an existing giant like Ethereum, EOS, or even – as was rumored – Stellar. The answer is simple and sophisticated at the same time, depending on how deep into it you want to look. Facebook Wanted Better Scaling and More Control Than Ethereum Offers On the surface, it’s simple enough: Facebook wants more control than using an existing decentralized network like Ethereum would allow, necessarily wanting to have the ability to…

Tokenizing Commercial Real Estate and the Promise of Liquidity

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The commercial real estate sector is squarely in the sights of the blockchain industry. Advocates justifiably believe that the technology offers the ability to streamline everything from capital formation to transaction settlement at hitherto unseen levels of speed and efficiency. Additionally, through a process known as tokenization, blockchain platforms can create digital representations of shares as well as ownership rights in properties and investment vehicles, simplifying the process of reselling those assets by creating a robust and liquid dual-sided market for an otherwise illiquid asset. This is very exciting and…

Binance’s Fundamentals Positive, BNB Reacts and Up 5% In 24 Hours

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Binance coin (BNB) stable, adds 5.2 percent BXB Inc likely to partner with Binance in South Korea After offering margin trading for their broad customer base, Binance is considering launching yet another exchange in South Korea. Meanwhile, BNB prices are stable, up 5.2 percent in 24 hours. Binance Coin (BNB) Price analysis Fundamentals According to reports, Binance has their eyes set on South Korea. The headquarters of Samsung is cryptocurrency receptive. Therefore, no doubt, if the latest news is anything to go by, then it would be massive for Binance.…

US Treasury Secretary Says Cash Is Not Laundered As Much As Bitcoin Is

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Treasury Secretary Steven Mnuchin said that the authority will be preventing Bitcoin (BTC) from becoming an “equivalent of Swiss-numbered bank accounts.” U.S. secretary of the treasury to closely monitor Bitcoin regardless of price In a press briefing reported by CNBC on July 18, Mnuchin criticized Bitcoin and other cryptocurrencies as they can be used for illicit purposes such as money laundering, adding that the department intends to enforce strong regulations on the space. The official emphasized his own intent to closely monitor Bitcoin to prevent illegal activity regardless of its…

IDEO’s Blockchain Accelerator Startup Studio Onboards Over 50 Mentors

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Over 50 members, including officers from companies such as Ethereum Foundation, Blockchain Capital, and Messari, have joined blockchain accelerator Startup Studio backed by Fidelity. In a blog post published today, July 18, IDEO CoLab Ventures — which stands behind the blockchain accelerator program — revealed that over 20 leading organizations joined Startup Studio, bringing more than 50 mentors to the project for 2019. Announcing the new program members, IDEO wrote:  “last week you met our blockchain Startup Studio’s 20+ partner organizations […], today we’re excited to share the humans behind…

Bitcoin Spikes 10% in Minutes, Up to $10,800 From $9,100 Bottom

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Bitcoin Spikes Higher in Unexpected Surge Wow, well that was quick. In the past two hours, Bitcoin (BTC) has gained over 10%, rallying from $9,400 to $10,600. Most of this rally actually took place in a few minutes, with the cryptocurrency gaining around $800 of that move higher in a matter of a single five-minute candle. To say that the crypto market is volatile is an understatement, that’s for sure. Per Kruger, this rally was entirely unexpected. “No technical analysis could have predicted that squeeze until it was already half…

Ethereum Dumps Over 40 Percent But Uptrend Remains Intact

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The sentiment around Ethereum has shifted from ultra bullish to bearish in less than a month. On June 26, investors were extremely bullish as the No. 2 cryptocurrency as its price rose from a 2018-bottom of $83 to the 2019-high of $363.30. That’s a massive gain of over 337 percent in six months. Since then, Ethereum has been plunging and media outlets have been overwhelmingly bearish on this altcoin. Close to nine out of ten news articles have been bearish on Ethereum | Source: Coinwatch Nevertheless, a 40 percent-plus nosedive…

Bitcoin (BTC) Tumbling As Libra’s Attacks Intensify, Prices Down 22%

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Bitcoin (BTC) is crumbling The success of Facebook’s Libra instrumental for Bitcoin Under attack for their reckless past, the success of Facebook will be immense for cryptocurrencies and Bitcoin.  Even so, privacy is prime. Safeguarding personal data is a top priority. At the moment, the secure BTC is stable, bouncing back after this week’s rout. Bitcoin Price Analysis Fundamentals The line between maintaining privacy and violating the same is thin, not discernible for many companies. And it will get tight, if not worse in coming years. With the rise of…

Libra Is Like Sending a Friend Request to Terrorists, Politician Says

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A United States Democratic congressman has claimed “Mark Zuckerberg is sending a friend request to oligarchs, drug dealers, human traffickers and terrorists” by launching Facebook’s Libra cryptocurrency. In a combative tweet on July 17, Brad Sherman described Libra as the “Zuck Buck” and he accused the Facebook CEO of deliberately attempting to circumvent America’s anti-money laundering laws. Sherman’s post was accompanied by a mock Facebook screenshot that showed Zuckerberg sending drug kingpin Joaquin “El Chapo” Guzman a friend request. Underneath, the billionaire’s other friends are listed as the Palestinian group…