Day: July 23, 2019

Five Useful Experts Tips For Crypto Trading

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A number of people dealing in the world of trade wish to own their own business. Owning a business requires hard work and dedication. But, at the same time, it is equally promising and rewarding. Setting up a trading business comes with its own challenges and hurdles. However, with planning and strategies, one can establish a well designed and prospering trading business. However, today’s trading world is alive and evolving with technology. Unlike before, now the trading world offers new opportunities like trading in cryptocurrency. Cryptocurrency although, in its nascent…

Bitcoin Price Drops 5% Even After Bakkt Futures Trading Platform Beta Launch

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Recently Bitcoin price dropped by a little more than -5%. This price movement is rather unexpected since the community anticipated the opposite after Bakkt announced their test launch of its new Bitcoin futures trading platform. The price of Bitcoin has dropped even after the much-anticipated Bakkt Bitcoin Futures Trading platform launch. The community celebrated with cheers this achievement of Bakkt and speculated more on a Bitcoin price increase rather than a decline. Nevertheless, Bitcoin managed to drop in value as it touched the $10,700 levels but failed to maintain. Afterward,…

New Blockchain Partnership Aims to Pave the Way for Mass Adoption in China

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A blockchain platform and a mobile gaming company have unveiled a partnership designed to benefit hundreds of millions of users. High Performance Blockchain (HPB) has announced it is the first public chain to team up with gaming company Shanghai Youwan — paving the way for widespread adoption by the customers of some of China’s biggest brands. According to HPB, this integration means that its coins can be converted into in-game currency that can be used on an array of titles. Players will also have the freedom to make conversions into in-game…

German Regulator Greenlights $280 Million Ethereum Real Estate Bond

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The German Federal Financial Supervisory Authority (BaFin) approved an Ethereum-based real estate bond of security issuance firm Fundament Group. The company announced the news in a press release shared with Cointelegraph on July 23.  Regulated real estate bonds on the Ethereum blockchain The given bond backed by a portfolio of properties in major German cities with an issued volume of 250 million euros ($280 million). The firm’s solution reportedly leverages standardized and regulated financial instruments to build a real estate-backed asset that can be traded worldwide independently of banks. Providing…

Sun-Buffett Lunch Postponed Due to Sun’s Health Issues

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TRON and BitTorrent CEO Justin Sun just postponed his lunch with Warren Buffett due to sudden health complications just three days ahead of the meeting, according to a post on Weibo. Even though just few days ago TRON‘s CEO Justin Sun invited Chris Lee, the CFO, Board Secretary and VP of International Business Development from Huobi and the founder and CEO of trading platform eToro, Yoni Assia to join his charity lunch with Warren Buffett, he had to reschedule due to his kidney stones. Dovey Wan founding partner of Primitive…

Bakkt Confirms Bitcoin Futures Testing has Begun

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After long delays due to regulatory scrutiny, the Bakkt futures platform from the Intercontinental Exchange (ICE) has confirmed that product testing has started. As per a tweet from the company, daily and monthly futures will begin testing with participants from all over the world, July 22, 2019. Long-Awaited Announcement When Bakkt first got delayed, it causes a lot of negative sentiment in the cryptocurrency market as it was an instance of a huge financial institution under adequate regulatory oversight accepting the potential and financial viability of Bitcoin. Today kicks off…

Facebook Still Being Blamed For Bitcoin Price Pullback

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The fallout from last week’s US senate hearings on Facebook’s Libra project is still being felt across the crypto ecosystem. Many are blaming the social media giant for Bitcoin’s recent correction but in reality it is just part of the natural rhythm of the market. Bitcoin Back at Four Figures Following a week of consolidation Bitcoin fell back below $10k during Asian trading today. It is the third dip into four figures since BTC hit its 2019 high of $13,800 at the end of June. The previous two times have…

Bitcoin Drops Below Long-Term Price Support at $10K

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View Bitcoin has violated the support of the trendline connecting the April and May lows, having charted a bearish lower high at $11,100 over the weekend. A bearish volume divergence indicates prices could fall back to the July 17 low of $9,049. Daily chart indicators are also indicating the path of least resistance is to the downside. A UTC close above $11,100 is needed to invalidate lower highs setup on the daily chart. Bitcoin (BTC) fell below key support above $10,000 earlier today and could suffer a deeper drop, according…

South Korea Has the Highest Rate of Granted Blockchain Patents

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South Korea has the highest blockchain patent grant rate, according to London-based law firm Withers & Rogers. Meanwhile, Japan comes at a distant second, Intellectual property business media platform IAM reports on July 23. Getting a blockchain patent in China is hard Per the report, South Korea has the highest patent grant rate (54%), followed by Japan (17%), and the United States (16%), with China significantly lagging behind. The outlet suggests that a reason for this substantial disparity between China and the rest of the world is that a sizable…

Suspected Crypto Ponzi Scheme Has No License In Malta, Regulator Warns

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Malta’s finance regulator has issued a public warning about a cryptocurrency company falsely claiming it is licensed to operate in the country.  ‘Built on the power of the Middle East’ In a statement July 23, the Malta Financial Services Authority (MFSA) warned residents they should avoid Emirate Coin Tech, which offers cryptocurrency investment options with alleged weekly payouts of up to 25%. “The MFSA wishes to alert the public, in Malta and abroad, that Emirate Coin Tech is NOT a Maltese registered Company NOR licenced or otherwise authorised by the…