July 30, 2019

Price Analysis 30/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

July 30, 2019 boss

A few major cryptocurrencies are showing signs of life. Can bulls build on the gains? Let’s analyze 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. After facing opposition from regulators across the world, Facebook has warned that its Libra project might not see the light of the day. If Libra…

Facebook Warns Libra Currency May Not Hit the Market

July 30, 2019 boss

The month of July has been one of turmoil and chaos in the crypto sphere, and one of the big reasons behind such a state of affairs was the announcement of the Libra coin, the cryptocurrency that is to be introduced by Facebook (NASDAQ:FB) next year. As soon as it was announced, it sent alarm bell ringing among regulators all across the world. The head of the United States Federal Reserve, Jerome Powell, expressed his skepticism, while the President of the United States, Donald Trump, did the same in a…

Bitcoin Struggles to Hold the Rally

July 30, 2019 boss

Cryptocurrencies have been struggling over the past few days with increased scrutiny and piling up of bearish signs. Bitcoin, for instance, is nearing a turning point, and according to popular cryptocurrency analyst DonAlt, it is closer to testing support levels of $6,700. Bitcoin Drops Below the 50-Day Moving Average The signs are indicating that Bitcoin is headed for more losses after breaking below the 50-day moving average. This is an indication of the end of the recent rally that brought the world’s largest crypto close to $14,000 at the end…

Three Cryptos Are Showing Strength Against Bitcoin. One Is Binance Coin

July 30, 2019 boss

In the last few days, bitcoin bulls have been working really hard to put together a significant rally. Unfortunately, every attempt to bounce back has been met by a selling wall. Consequently, the king of cryptocurrencies is now close to breaking support of $9,000. What’s positive about a weakening bitcoin is that it gives badly beaten altcoins the opportunity to recoup losses. On top of that, uptrending coins may end their consolidation as the leading cryptocurrency plunges. We’ll look at the latter to maximize the chances of profits. Here are…

Overstock Announces Dividend of One Digital Share for Every 10 Shares

July 30, 2019 boss

United States retail giant Overstock announced a dividend payable in shares of its Digital Voting Series A-1 Preferred Stock. A-1 shares can be traded on PRO Securities ATS The Overstock’s digital dividend will be payable at a ratio of 1:10, which means that one share of Series A-1 will be issued for every ten shares of common stock, according to a press release shared with Cointelegraph on July 30. According to the announcement, the existing Series A-1 shares can now be traded on the PRO Securities alternative trading system (ATS),…

Swiss Crypto Startup Makes ‘Highest’ Bitcoin Trade Ever at 4164m

July 30, 2019 boss

Cryptocurrency services financial services provider Bitcoin Suisse claims to have conducted a Bitcoin (BTC) trade at the highest altitude ever in a promotional stunt that took place on July 13. A YouTube video proving this achievement was published on July 19. New Bitcoin “all-time high” trade According to the firm’s claims, the trade carried out by its staff took place on the summit of Breithorn mountain range in the Pennine Alps, located on the border between Switzerland and Italy. Furthermore, almost 70 people reportedly took part in this publicity stunt…

Blockchain.com Launches Speedy Crypto Trading Platform ‘The Pit’

July 30, 2019 boss

Popular Bitcoin block explorer website Blockchain.com is expanding into crypto trading thanks to a newly launched platform dubbed The Pit. The exchange is based in London and will offer a multitude of trading pairs for bitcoin, Ethereum, Bitcoin Cash, Tether, Litecoin, and Paxos. The company, which claims a user-base of over 40 million crypto wallet registrations, typically provides all kinds of useful statistics for the Bitcoin blockchain. The expansion into trading, however, signals a move to integrate those customers into a seamless crypto exchange service. Blockchain.com has enlisted the services…

Blockchain.com Launches Speedy Crypto Trading Platform ‘The Pit’

July 30, 2019 boss

Mt. Gox CEO Mark Karpeles Must Face US Class-Action Lawsuit

July 30, 2019 boss

District Judge Robert Kelly refused the request of the former CEO of now-defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, to dismiss the U.S. class-action lawsuit against him, industry news outlet Coindesk reports on July 30. Dismissal request rejected Per the report, Karpeles previously filed for the dismissal of the lawsuit alleging that he has hidden issues at the exchange from its users by claiming that the Philadelphia court did not have jurisdiction in the case. An alleged court document of the ruling also indicates that the lawsuit has been initiated…

World Can’t Ignore Bitcoin in Geopolitics, Says Ex Deutsche Bank Exec

July 30, 2019 boss

Bitcoin (BTC) is a leading indicator of hidden geopolitical tensions, according to a former exec at German multinational investment bank Deutsche Bank. Bitcoin a signal of what’s going on behind the scenes on Chinese trade talks? Peter Tchir, Forbes contributor and a former Executive Director at Deutsche Bank, stated that Bitcoin price movements could be a potential signal of what is going behind the scenes on Chinese trade talks in a Forbes article published on July 30. In the article, Tchir provided his observations of the correlation between Bitcoin price…