Month: July 2019

Ripple CEO Tells Congress to Avoid XRP From Facebook Libra Smear

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Ripple CEO, Brad Garlinghouse, and its executive chairman, Chris Larsen, posted an open letter to congress on Sunday asking authorities not to paint their company with a “broad brush”. The executive duo paid careful attention to emphasize that while bad actors exist in the cryptocurrency space, many are, in fact, doing their bit to stay compliant: “Many in the blockchain and digital currency industry are responsible actors. We are responsible to U.S. and international law. We are responsible to serving the greater good.” Ripple has so far avoided the long arm of…

Despite Bitcoin Price Correction, Crypto Analysts Hold a Bullish Outlook

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Crypto analysts and experts expect a bright show for Bitcoin price in the future amidst the growing uncertainty in the global economy and several other factors. Over the last two weeks, Bitcoin has been consolidating for most of the time around $10,000. But last week, it dropped this crucial support and dropped below $9600 levels. The Bitcoin price correction looks somewhat imminent as this could further tailspin to even lower levels. At the press time, Bitcoin is trading at $9604 with a market cap of $171 billion. Over the last…

Australia’s Curtin University Launches Cryptocurrency PhD Scholarship Fund

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Curtin University in Australia has introduced a new ‘Cryptocurrency Ph.D. Scholarship Fund’ designed by Curtin data scientists. Through this program, people will be able to donate cryptocurrency to fund Ph.D. students who want to pursue a degree in the fields of crypto blockchain technology, cybersecurity, data analytics etc. This program uses a Web 3.0 payment platform, which will enable real-time payments from donors to the university on both Bitcoin and Ethereum blockchains. The platform has been developed in partnership with Nelnet International and Centrality. Centrality will also let students use…

Bill Miller’s Hedge Fund Floats on the Amazon, Bitcoin Wave Surging 46%

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Bill Miller’s Hedge Fund gained 46% with many attributing the success to the recent surges by Amazon and Bitcoin, as well as strategic investments in other high-performing stocks like Avon Products and ADT. Bill Miller, the legendary investor is bringing his winning experience to the hedge fund business. According to an investor document published by Bloomberg, Miller’s fund that launched three years ago gained 46% in the first six months of 2019. That is enough to make heads turn in the hedge fund industry. A while back, we reported that…

Bitcoin, Ether, and XRP Weekly Market Update July 29, 2019

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The total crypto market cap lost 23.4 billion of its value during the last seven days, and now stands at $267.4 billion. The top 10 currencies are all in red for the same time frame with Bitcoin SV (BSV) and Litecoin (LTC) being the worst performers with 14.7 and 9.1 percent of loses respectively. By the time of writing bitcoin (BTC) is trading at $9,649 while ether (ETH) stands at $213. Ripple’s XRP is at $0.311. BTC/USD Bitcoin closed the trading session on Sunday, July 21, at $10,598 with a…

Bitcoin Flash Crash Proves Whales Are Messing With Us

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The bitcoin price dropped almost $400 in a matter of minutes on Sunday evening before immediately paring losses. The flash crash and quick recovery is an obvious sign of bitcoin whales playing mind games.  While it’s impossible to know exactly what happened, the price action looks like a classic bear trap. A handful of large players initiated a sharp selloff, luring other traders into opening short positions. The whales then immediately started buying, forcing traders to close out those positions at a loss. It’s a game. In this volatile range…

How Smaller States Are Going Big On Cryptocurrency

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It seems that a pattern is emerging between nations in favour of cryptocurrency and those that want to quash it. The two most populous nations on earth are stamping on bitcoin and its brethren, while smaller states are embracing it with their own rule books. New Cryptocurrency Players Emerging According to reports, Belarus is one among a number of smaller nations that are actively seeking ways to develop their fintech sector by opening up to cryptocurrencies. Traditionally, crypto and blockchain startups have had to choose between two extremes when deciding…

Crypto Markets See Mild Fluctuations, BTC Holds $9,500

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Monday, July 29 — crypto markets are seeing mild fluctuations, mixed red and green, while Bitcoin (BTC) is holding ground around the $9,600 mark. Market visualization. Source: Coin360 After a sharp fall on July 28 and a further correction to $9,250 the following day, the top coin has since recovered and stabilized around the $9,590 mark — up 0.5% on the day.  On the week, the coin’s losses are at around 7%, with monthly losses pushing 20%. In light of Bitcoin’s sharp downward turn since its 2019 high of $13,739,…

Bakkt to Launch Its Bitcoin Futures Exchange in Q3 2019

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Bitcoin futures contracts platform Bakkt is determined to launch its services in the third quarter of this year and gaining approval from the NYDFS would allow it to operate as a limited-purpose firm. The long-awaited launch of the cryptocurrency exchange subsidiary by the Intercontinental Exchange (ICE) Bakkt, could happen in Q3. The Bitcoin futures contracts platform is however still waiting for the approval of the New York Department of Financial Services (NYDFS) in order to operate their so-called Bakkt Warehouse, which would allow Bakkt to work as a limited-purpose trust…

AllStocks Releases its Cutting-Edge Cryptocurrency Exchange Platform (Press Release)

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Israeli FinTech firm, AllStocks Network, has officially rolled out its cryptocurrency exchange platform. The crypto exchange was released after over a year of research and development to ensure that the platform is aligned with the highest security and safety standards, as well as offers an advanced and friendly interface for traders. “We are incredibly excited and proud to finally launch our crypto trading platform,” said AllStocks CEO, Elad Aharon. “Our team has been working arduously for the past 18 months or so on the development of the system, which we…