Day: August 2, 2019

Tezos Beats Bitcoin in Latest Price Rally, Up 44% This Week

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Tezos (XTZ) is proving to be a better near-term investment than bitcoin this week. The altcoin, accompanied by favorable fundamentals, has surged by 44 percent in the last four days as it looks to close the week at an even higher rate. As of 12:29 UTC, the XTZ/USD instrument was trading at 1.452, up 3.71 percent in the last 24 hours. The move upside brought Tezos market capitalization to circa $962 million, which makes 0.40 percent of the entire cryptocurrency market valuation. At its highest, the cap was around $1.457…

Bitcoin Price Adds 5%, BTC Trading Above $10,500 Again

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Bitcoin price adds 5% hitting $10,500 levels. Meanwhile, a new report from Delphi Digital describes current trends in the global economy that could serve as a catalyst that should propel BTC price even higher. At the time of writing Bitcoin price went up 5.21% passing its psychological level of 10k – now worthy $10,528.17. It seems it is going to test next key resistance at $11,120 during the weekend with the daily chart indicators beginning to align in favor of the bulls. Meanwhile, a new report from digital asset research…

Bitcoin Price Will Hit $100,000 in Just 30 Months: Morgan Creek

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Will the bitcoin price hit $100,000 in under just 30 months? Anthony Pompliano thinks so. Image from Youtube. Anthony ‘Pomp’ Pompliano is doing the rounds. On Wednesday, the Morgan Creek co-founder tussled with stock market skeptic and renowned gold bug Peter Schiff. Come the end of the week and he’s once again singing Bitcoin’s tune. This time proclaiming that the flagship cryptocurrency is likely to hit $100,000 in a mere 30 months. Imagine a world where central banks cut rates and print money (yes, it’s called QE) and Bitcoin hits…

‘Halal Coin’ a Matter of Time and Awareness

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The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to Malaysia’s Islamic finance expert. Skepticism of crypto stems from uncertainty Suhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skepticism to crypto in Islamic countries is not a pure rejection, but rather a consequence of uncertainty, Islamic economy-focused publication Salaam Gateway reports Aug. 2. Mahpot, an advisory veteran at Amanie with 11 years of expertise in sharia-compliant financing, compared the existing situation with cryptocurrencies with Malaysia’s controversial types…

Nexo Launches MasterCard-branded Crypto Credit Card

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Instant crypto loans firm Nexo is launching a MasterCard-branded cryptocurrency credit card. The development was announced in a press release shared with Cointelegraph on Aug. 2. “World’s first” Nexo claims the Nexo Card to be the first card in the world that enables users to spend the value of their cryptocurrency without in fact spending it. In addition, the card does not consider annual and monthly and foreign exchange fees. Describing the operational concept of the card, Nexo said: “When using the Nexo Card to purchase goods and services, you…

Bitcoin Gains as Trump Threatens $300B Tariffs on Chinese Goods |

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The bitcoin price soared higher on Friday after US President Donald Trump announced another $300 billion tariffs on Chinese goods. The world’s largest cryptocurrency touched the $10,527-high ahead of the European market open, posting up to 2.47 percent intraday gains. The upside action brought its weekly profit closer to 11 percent, accompanied by a decent rise in volume on spot exchanges. The move further influenced the rest of the cryptocurrency market to follow suit, with the combined altcoin market capitalization surging from $91.149 billion on July 29 to as high…

Peter Schiff is So Right on Bitcoin

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Peter Schiff’s primary point is that bitcoin has become akin to a religion. He insists that those holding bitcoin are living in a fantasy world, and believe they will get rich by holding on to bitcoin. Image from CNBC’s Youtube video. The thrown-down between bitcoin skeptic Peter Schiff and bitcoin bull Anthony Pompliano was an entertaining debate. Yet while everyone focuses on how bitcoin — and I’ll explain why Peter Schiff is correct – he was also wrong about gold. Bitcoin is a Religion Without a Real God Peter Schiff’s…

Over 83% of Bitcoin Discussions Are ‘Positive’ on Reddit: New Study

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Technology researchers Comparitech have used machine learning to analyze over 48k Reddit posts to determine which cryptocurrencies are viewed the most favourably. The study also included 7,500 articles from national and international news outlets. Articles were scored based on positive and negative sentiment in relation to other articles included in the study. Crypto chatter continues to spread Talk about cryptocurrency in general started to increase in March 2017, when Bitcoin became more valuable than gold. This grew in volume to peak with bitcoin price in December 2017, only to fall…

FB Libra Would ‘Discipline’ Gov’ts With Weak Economies: Ex Central Banker

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Any country seeing widespread use of Facebook’s proposed Libra digital currency could find that its central bank monetary policy is severely undermined. This is the view of Hiromi Yamaoka, former Bank of Japan executive, who oversaw research into digital currencies for the organization. “The emergence of Libra would pressure policymakers to discipline themselves” Issues are likely to arise “if Libra becomes more widely used than the sovereign currency of a particular country,” according to Yamaoka. But while this should not cause too much concern for countries with a strong market…

Bithumb Brings Korea Into EOS Government

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Bithumb, one of South Korea’s largest crypto exchanges | Source: REUTERS/Kim Hong-Ji Bithumb, one of Korea’s largest exchanges by reported volume, has decided that Koreans are not adequately represented in the EOS network. Korea Gets a Voice In EOS Governance The exchange claims that as much as 10% of all EOS belongs to Koreans. In a letter to users this morning, Bithumb said: “One of the important characteristics of EOS is that those who hold EOS can elect EOS block producers by voting. However, according to various channels including Bloks.io…