Month: July 2019

Industry, Government to Review Regulations

boss

In late July of 2019, the New York State Assembly appointed six members to its Digital Currency Task Force, claiming to be the first state-drafted crew across the United States to deal with cryptocurrencies and blockchain. While it is unclear if the influx from Facebook’s Libra has hastened the NY legislators to assemble the team, the first reports from the Digital Currency Task Force are expected to arrive not sooner than the very end of 2020. The Digital Currency Task Force’s initial lineup, goals and deadlines Despite the recent appointments,…

Ripple Partners With Kyoto University, University of Tokyo for Blockchain Research

boss

Cryptocurrency giant Ripple has partnered with Kyoto University and the University of Tokyo as part of its University Blockchain Research Initiative (UBRI). Ripple announced its new Japanese partnerships in a press release on July 30. Emi Yoshikawa, senior director of global operations at Ripple, noted that there is high interest in blockchain within Japanese academia: “Japan is quickly becoming a leading force in crypto assets and blockchain. The region has always been forward thinking and exploring ways to improve the current financial system […] We have seen high levels of…

Some Senators Call on US to Lead in Blockchain and Crypto, Others Doubt

boss

The United States Committee on Banking, Housing and Urban Affairs has ended the hearing on “Examining Regulatory Frameworks for Digital Currencies and Blockchain” today, July 30. Circle CEO Jeremy Allaire, Rebecca M. Nelson, a specialist in international trade and finance; and Mehrsa Baradaran, a professor of law at the University of California Irvine School of Law all testified before the committee. Lawmakers want the U.S. to lead in blockchain Senator Michael Crapo of Idaho began the hearing saying that cryptocurrencies and blockchain technology are inevitable and could be beneficial, further…

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

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

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

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

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

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

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’

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…