Month: July 2019

US Congress Holds Hearing on Crypto: Witness Profiles

boss

Today, on July 30, United States lawmakers will once again gather to debate cryptocurrency and blockchain policy in a hearing dubbed “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” The hearing is scheduled for 10 a.m. EST and will be broadcast live. This time, the U.S. Senate Banking Committee is planning to hold a broader discussion on crypto following the intense, Libra-focused testimony earlier this month. The witness panel will be represented by Jeremy Allaire, co-founder and CEO of payments company Circle, who will speak on behalf of the Blockchain…

Former Wall Street Execs Unveil ‘The PIT’ Exchange to Take on Binance

boss

Major crypto wallet and blockchain data provider Blockchain.com has launched its own crypto exchange to compete with popular platforms such as Binance. The PIT was built by former execs from Google and Goldman Sachs Named The PIT, the new crypto exchange was reportedly set up by former executives from the New York Stock Exchange, TD Ameritrade, Google and Goldman Sachs, CNBC reports July 30. According to the announcement, The PIT will be available in more than 200 countries, initially supporting 26 trading pairs. Customers will be reportedly able to link…

Bitcoin Price Technical Analysis (July 30): Stuck Between Support and Resistance

boss

Bitcoin (BTC)trade is currently is trading at $9,565. Although the trend appears to be a downtrend, when looking closely it actually can be seen that the price is stuck in a sideways trend. Resistance level is at $9,627 and support and support is at around $9,400. It is suggested not to take a long position at this price as it is stuck in indecision mode. Wait for the price to either break the resistance or support. Dow Theory According to Dow Theory, the Bitcoin price is in the panic phase.…

bitFlyer Launches ‘Easy to Use’ Bitcoin Trading Platform for European Community

boss

bitFlyer, a cryptocurrency exchange firm based in Japan, has now announced a simple buying and selling Bitcoin service for its European users. The new trading platform called bitFlyer Buy/Sell is expected to deliver a much more seamless experience than the usual service from spot trading platforms. According to the official announcement, the new service will serve people who are looking for a non-complicated way to trade the asset. It seeks to help people who want “a simple way to buy and sell Bitcoin, from beginners to experienced traders.” Before now,…

Crypto Not a Solution for Financial Inclusion, Lawyer Tells US Senate

boss

In a prepared statement for today’s United States Senate’s crypto hearing by international lawyer Mehrsa Baradaran, suggests that cryptos are not the solution for financial inclusion and equity in banking. Policy, not technology is the solution In her statement, published on the Senate’s website, Baradaran explains that the issues of inequality and inefficiency in finance that Bitcoin (BTC) and other cryptocurrencies are trying to solve should be resolved through policy, not technology.  She explains that such issues should be addressed “in this chamber, and not in a tech startup office…

Bitcoin and Crypto Now Accepted for Bus Tickets in Fortaleza, Brazil

boss

Fortaleza, a major city of northeast Brazil, will start accepting Bitcoin (BTC) as payment for bus tickets by the end of 2019. Transportation service says paying with Bitcoin will reduce operational costs A local transportation service announced an initiative to allow citizens to pay for bus tickets by credit and debit cards as well as Bitcoin and other cryptocurrencies, as reported by Cointelegraph Brazil on July 25. The initiative purportedly aims to reduce operational costs in the bus ticketing system, the report notes. The entity, called Cooperative of Independent Transport…

Bitcoin Price: Whales Like James Richman and Michael Novogratz Undergoing Institutional Accumulation?

boss

The cryptocurrency market may have been experiencing sideways for the past months, yet just like any other industry, it is slowly getting the attention of big players. In fact, according to a survey by Fidelity Investments, “about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the past three years. Furthermore, about four in ten respondents of the said survey say they are open to future investments in digital assets over the next five years. As painful as it may be…

Bitcoin’s Largest Wallet Blockchain Just Launched Its First Crypto Exchange

boss

Bitcoin wallet and blockchain explorer provider Blockchain just launched its first exchange platform. Blockchain’s head of retail products, TD Ameritrade alum Nicole Sherrod, told CoinDesk the custodial exchange, called the PIT, can connect to non-custodial Blockchain wallets for nearly instant transfers. Registration opens today, with the ability to trade up to 26 assets rolling out over the next two weeks. Sherrod said that with nearly 40 million wallets already created – and an exchange matching-engine set up in London’s Equinix LD4 data center – PIT could be posed to attract more…

Philippines’ UnionBank Launches Payments-Focused Stablecoin

boss

In a bid to drive greater financial inclusion, Philippines-based UnionBank has launched a payments-focused stablecoin pegged to the Philippine peso. A report from PhilStar Global on July 26 revealed that the new, bank-backed cryptocurrency —  dubbed PHX — is being implemented on UnionBank’s i2i platform.  Rural banks and Philippines’ main financial network I2i is an acronym for island-to-island, institution-to-institution, and individual-to-individual and is the name given to the blockchain-based clearing system that connects UnionBank to rural banks in the country. Arvie de Vera, UnionBank’s senior vice president, has outlined that…

Tracker Offers One-Stop Shop for Easy Crypto Market Analysis

boss

A website that delivers live cryptocurrency prices and market capitalizations in visual form has unveiled a suite of updates and new features. Coin360 displays the latest market movements for coins and tokens in proportionately sized blocks based on their market capitalizations. Every block shows the cryptocurrency’s ticker, current price and percentage change — and charts can also be accessed by hovering over the block. Colors illustrate when prices change: green when values have risen, red when they are in decline and gray when there is no movement. Users have the…