Month: July 2019

Bitcoin Back to Four Figures as Market Veers to the Red

boss

Wednesday, July 24 — Bitcoin (BTC) has dipped back below the $10,000 mark as the crypto markets are seeing near-total red. Market visualization. Source: Coin360 Having clung to its five-figure price point in recent days, a 3.2% drop on the day has brought BTC down to around $9.740 by press time.  Earlier on its 7-day chart, Bitcoin had dipped as low as the $9,300-400 mark (July 18), before recovering to as high as $11,000 by weekend trading hours (July 21-22).  Even as its market performance falters, the cryptocurrency has recently…

If Bitcoin (BTC) Loses $9,000, Things Could Get Nasty — EWN

boss

$9,000, the Bitcoin Price to Watch After a number of hours flirting just above and below $10,000, Bitcoin (BTC) has decided that it is heading lower. As of the time of writing this, the cryptocurrency is changing hands for $9,750 apiece, with it being down by 4% in the past 24 hours. Although Bitcoin is still over 5% higher than its monthly low of $9,150, many have begun to worry that the cryptocurrency is entering some precarious territory, even with many signs pointing towards a bull run. Most notably, analyst…

Iran Officially Acknowledges the Crypto Industry, Allows Cryptocurrency Mining

boss

Iran has recognized cryptocurrency as an official currency and has approved a mechanism for digital coin mining to bring the growing crypto mining farms under the law in the country. “A mechanism to mine digital coins was approved by the government’s economic commission and will later be discussed at a cabinet meeting,” said Central Bank of Iran (CBI) Governor Abdolnaser Hemmati on Sunday. Iran has tried to suppress cryptocurrency mining for months as many people started doing it, primarily mining Bitcoin (BTC)trade, given the cheap price of electricity in the…

US Senate to Hold Debate on Crypto, Blockchain Regulatory Frameworks

boss

The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week. An official committee announcement indicates the hearing — entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” — will take place on July 30.  The planned witnesses will be Jeremy Allaire, co-founder and CEO of payments company Circle, who will speak on behalf of The Blockchain Association; Rebecca M. Nelson, a specialist in International Trade and Finance at “Congress’s think tank,” the Congressional Research Service; and Professor of Law…

Bitcoin Block Size, Explained | Cointelegraph

boss

3. Over the years, Bitcoin has seen numerous proposals advocating that an increase is needed in order to reduce fees, process more transactions per second and allow Bitcoin to scale to compete with mainstream payments technologies.   On May 4, 2015, Gavin Andresen published an article titled “Why increasing the max block size is urgent,” further escalating the perceived gravity of the block size debate, despite the average BTC block then being only 30-40% full. Andresen warned: “If the number of transactions waiting gets large enough, the end result will be…

Bitcoin Price (BTC) Accelerating Downsides, Bears Eye $9,200

boss

Bitcoin price struggled to recover above $10,400 and declined recently against the US Dollar. The price declined heavily and even broke the key $10,000 support level to enter a bearish zone. Yesterday’s highlighted key bearish trend line is intact with resistance near $10,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently trading with a bearish angle and it could even test the $9,200 support area. Bitcoin price is under pressure below the $10,000 support against the US Dollar. BTC price is likely…

Fraudsters Impersonate United Kingdom’s FCA in Bitcoin Email Scam

boss

The Financial Conduct Authority (FCA), the top financial watchdog of the United Kingdom, has warned crypto enthusiasts of a scam email that has been impersonating it in a bid to lure unsuspecting investors into investing in a fake bitcoin (BTC) investment scheme, reports FT Adviser on July 22, 2019. Scam Bitcoin Email Not from the FCA As the prolonged crypto winter of 2018 has finally given way to crypto ‘”spring,” with the bulls getting ready to take over the cryptoverse once again, bad actors have advanced their game in anticipation…

Bitcoin & Crypto Market Accelerating South: LTC, BNB, BCH, TRX Analysis

boss

The total crypto market cap extended losses and broke the $260.0B support area. Bitcoin price is down more than 6% and it recently broke the $10,000 and $9,800 supports. Binance coin (BNB) price declined around 8% and it is back below the $30.00 support area. Litecoin (LTC) price failed to hold the $90.00 support level and declined heavily. BCH price declined nearly 10% and broke the key $300 and $290 support levels. Tron (TRX) price trimmed all its recent gains and declined below the $0.0250 support. The crypto market cap…

Ripple Price (XRP) Could Extend Losses, Bitcoin Settles Below $10K

boss

Ripple price struggled to recover above the $0.3250 resistance and extended losses against the US dollar. The price traded below the $0.3100 support and traded close to the $0.3025 level. There is a significant declining channel forming with resistance near $0.3120 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains at a risk of more losses and it could even test the $0.2960 support level. Ripple price is gaining bearish momentum against the US Dollar and bitcoin. XRP price could decline further unless the…

The New York Times Using Hyperledger Fabric to Fight Fakes News

boss

The paper of record, The New York Times (NYT), is using the Hyperledger Fabric permissioned blockchain to guarantee the provenance of digital files. According to a new website for NYT’s News Provenance Project, the newspaper will use blockchain technology to fight misinformation in the media. The project’s purported aim is to provide a platform that is widely applicable to variously-sized publications. Blockchain technology will purportedly aid the project in recording metadata about video and audio recordings that are published by news organizations. The New Provenance Project is currently in its…