Day: July 18, 2019

Litecoin Price Spikes Again Ahead of August Halving in 23% Spike News |

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Even a tweet of a Litecoin-hating influencer could not stop it from registering its most profitable day in three weeks. The world’s fourth-largest largest cryptocurrency established an intraday top of $95 after ballooning by more than 23 percent in the previous 24 hours. The surge appeared after American football team Miami Dolphins made Litecoin (Ticker: LTC) its official cryptocurrency. The collaboration will allow fans to pay for the team’s 50/50 raffle via Litecoin, and as well via Bitcoin. Litecoin Named Official Cryptocurrency of the @MiamiDolphins 🏈💥https://t.co/1zggMjdEqi pic.twitter.com/QTkEJE2noa — Litecoin Foundation…

Japan Sets to Build a SWIFT-Like Network for Global Cryptocurrency Transactions

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Prior to the upcoming G7 summit in France, an insider revealed that the Japan government is set to implement a SWIFT-like network for crypto transactions. In the traditional financial world, the SWIFT network is responsible for executing transactions across different borders. While this well-governed network has functioned well for as long as it has been in place, it still has some minor drawbacks that the crypto world aims to mitigate and even eliminate. Also, due to stringent governance in the network, some countries have been completely cut off from this…

Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the List

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In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market.This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared…

Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the List

boss

In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market.This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared…

Japan Developing SWIFT Type Crypto Payment Platform

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The Japanese government has started developing a crypto payments platform similar to SWIFT according to reports. The effort has come as part of a wider spread initiative to combat money laundering. SWIFT Not So Swift According to Reuters, citing ‘a person familiar with the plan’, the international network for crypto currency payments will rival SWIFT which is the current standard. The existing service links over 11,000 financial institutions in more than 200 countries and territories worldwide. However, in today’s modern times, the Belgian head-quartered financial transfer protocol is often considered…

Litecoin Leading the Altcoin Rally While Bitcoin Price Struggles to Pass $10K

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Altcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin price. Litecoin, as always, is leading this rally, and in a sense, lights the path for the rest of the altcoin market to shine. It seems that the crypto market started its recovery after the last few days being pretty much down. Altcoins such as Litecoin, Ethereum, and XRP have been capitulating at first, but started to recover. Bitcoin price, on the other hand, still seems to struggle with its return to…

Social Innovations and Secret Conversations (on the Blockchain)

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There’s a novelty in finding new ways to communicate through coded conversations and secret languages. How is this being implemented for good — or otherwise — on blockchains? Since its beginnings, blockchain technology has led to many movements, including the formation of a unique crypto community. This blockchain community is forming its own lexicon (including a more formal vocabulary that industry opinion-makers are creating and debating and Twitter-based crypto slang like hashtagging Lambos and Bitcoin whales.)  There is also another language that has developed, the one in blockchain platforms themselves…

JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern

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The CEO of JPMorgan Chase, Jamie Dimon, has yet again commented on the ongoings in the cryptocurrency space. This time, he has commented on his beliefs that Facebook’s Libra won’t be a short-term impact on the banking system. JPMorgan Chase is the leading bank in the U.S. in terms of retail deposits. Dimon says that it’s too early to talk about the main characteristics of Libra, such as globality and availability for the unbanked and how that could impact banks like his own. “We’re going to be talking about Libra…

JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern

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In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks. The CEO of JPMorgan Chase, Jamie Dimon, has yet again commented on the ongoings in the cryptocurrency space. This time, he has commented on his beliefs that Facebook’s Libra won’t be a short-term impact on the banking system. JPMorgan Chase is the leading bank in the U.S. in terms of retail deposits. Dimon says that it’s too early to talk about the main characteristics…

Bitcoin Miners Will ‘Defend’ Price Above $6,500 Ahead of Halving: Analyst

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Bitcoin (BTC) miners want to coordinate the market in order to maximize revenue as the 2020 block reward halving nears. Are miner’s controlling the market? That was the conclusion of a new Bitcoin price analysis by popular trader Filb Filb as BTC/USD neared $9,000 on July 17.  The largest cryptocurrency saw considerable downward pressure this week following a volatile period, while analysts remain at odds as to which factors are driving the market. Filb Filb, however, does not imagine Bitcoin will see new lows this year, as miners wish to…