Month: July 2019

Ethereum Classic Labs Announces Accelerate Program to Promote ETC Apps

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Ethereum Classic Labs incubator officially announced its accelerator program to promote the development of products based on the Ethereum Classic network. On July 28, Ethereum Classic Labs published a blog post to provide details about Ethereum Classic Labs Accelerate, a program for funding and educating blockchain firms and communities that are creating products and services on the Ethereum Classic blockchain. According to the announcement, the first Cohort of Ethereum Classic Labs Accelerate was formed during Q1 2019 while the second is expected to be announced in Q3. Ethereum Classic Labs…

Exploring the SLP Token Universe Built on the Bitcoin Cash Chain

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Since last August, the Simple Ledger Protocol (SLP) has become a prevalent application within the Bitcoin Cash ecosystem. So far there’s been thousands of SLP tokens created, a number of which have been very popular and used regularly. Tokens have been issued by governments like Liberland, there’s a new SLP stablecoin backed by USD, a city-token being built for Dublin, Ohio and trading platforms like Coinex and Altilly have begun to list SLP-based tokens. Also Read: SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens Bitcoin Cash Tokenization…

US Commodity Futures Trading Commission Rehires Advisor From Coinbase

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The United States Commodity Futures Trading Commission (CFTC) has announced that it is hiring Andrew L. Ridenour as senior counsel to the chairman. Up until recently, Ridenour worked at the major cryptocurrency exchange Coinbase. CFTC Chairman Tarbert unveiled Ridenour and others as new hires on July 17, commenting that the “counsel and expertise of my team will be essential to our efforts to keep our derivatives markets vibrant and hold wrongdoers accountable.” Who is Andrew Ridenour? According to Ridenour’s LinkedIn profile, he worked at the CFTC for 9 years as…

Crypto Market Trading — Inside Look From Those Earning a Living Off It

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Since Bitcoin (BTC) came into the world back in 2009, the digital asset industry as a whole has grown quite exponentially — with the market reaching its apex on the break of 2017-2018. Additionally, in the midst of all this, there has been a rise in the crypto trading sector, with the total capitalization of this domain currently pegged around the $277.90 billion mark. In its most basic sense, cryptocurrency trading can be compared to forex trading because it allows enthusiasts to purchase digital assets using fiat currencies. Not only…

Proposed Crypto Tax Cut in Singapore to Help Crypto Business: PwC Expert

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Singapore’s plans to exempt certain digital currencies from the Goods and Services Tax (GST) would benefit cryptocurrency-related businesses, according to a partner in PwC Hong Kong’s corporate tax practice. As reported by Hong Kong’s English language newspaper South China Morning Post on July 29, Gwenda Ho argued that the Singapore government’s proposal to drop the seven per cent GST for cryptocurrencies when using them to pay for goods and services would have a positive impact on crypto exchanges, asset managers and blockchain entrepreneurs. Per Ho, the adoption of the proposed…

Technical Price Analysis | Ethereum (ETH) and Ripple (XRP)

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Last week, Ethereum (ETH) showed some near-term recovery against the US dollar with the ETH/USD pair forming a support base above $200 before showing signs of upside correction. On the other hand, Ripple (XRP) did not perform well last week with prices falling by over 7%, but in Monday’s session, the coin has been rather stable. Ethereum Price Analysis For the better part of the week, ETH was trading above the $208 and $216 resistance levels. Additionally, the coin saw a break above the Fib retracement level of 23.1% for…

Tether Stablecoin to Run on BlockStream’s Liquid Network Sidechain

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Tether is now running on a sidechain of Bitcoin’s blockchain. While Tether has traditionally operated on the Omni Layer of Bitcoin, the U.S. dollar-backed stablecoin has begun spreading to other blockchain protocols this month. Most recently, Tether is now being offered on blockchain company BlockStream’s Liquid Network sidechain, according to an official announcement on July 29. According to the announcement, Liquid-based Tether — called Liquid USDT — is being offered immediately for deposits and withdrawals on Bitfinex. Additionally, the staff at Liquid are reportedly developing support for Liquid USDT on…

Bitcoin Price | What the Technical Chart Indicates About BTC’s Movement

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The month of July has been a very volatile one for Bitcoin investors due to the range of factors that brought the six-month-long bull run from the start of the year to an abrupt end. BTC had risen to $14,000 at one point last month but now the token is struggling to hold on to the $10,000 level. Price Analysis In a new development, Bitcoin price easily went below the psychologically important level of $10,000 yesterday, despite a rally that had taken the price to as much as $10,200. Traders…

Bitcoin Price | What the Technical Chart Indicates About BTC’s Movement

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The month of July has been a very volatile one for Bitcoin investors due to the range of factors that brought the six-month-long bull run from the start of the year to an abrupt end. BTC had risen to $14,000 at one point last month but now the token is struggling to hold on to the $10,000 level. Price Analysis In a new development, Bitcoin price easily went below the psychologically important level of $10,000 yesterday, despite a rally that had taken the price to as much as $10,200. Traders…

Price Analysis 29/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

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Is volatility in Bitcoin likely to expand soon? Will the price move up or plummet? 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.   While large economies are confused on how to handle cryptocurrencies, smaller nations — Belarus, Bahrain, Malta and Gibraltar — have taken the lead. They have…