Day: September 2, 2019

After Sudden Slump Last Week, Bitcoin Breaks $10,000 Again

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The price of Bitcoin (BTC) has rallied over the past few days and has again crossed the $10,000 threshold. Bitcoin 7-day chart. Source: Coin360 On Aug. 28, Bitcoin dropped $600 in the course of a half-hour — sinking below the $10,000 mark before slumping to a weekly low of $9,362 on Aug. 29. The price has slowly recovered since then and is currently trading at $10,099, up 5.21% on the day, according to data from Coin360. Last week, cryptocurrency investor and Galaxy Digital CEO and founder Michael Novogratz said that Bitcoin…

Looming ‘Death Cross’ May Send Ethereum Plunging to $140 – CCN Markets

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Ethereum is showing many bearish technical setups. The No. 2 crypto is likely to crash further before any signs of life will be seen. | Source: Shutterstock Ethereum’s recent price action is giving bears the courage to come out of hiding. After all, the No. 2 cryptocurrency is down by over 52 percent from the 2019 peak of $363.30. Some traders are even proclaiming that Ethereum will be “dead money for years.” In my opinion, Ethereum is a busted bubble with huge overhead resistance. For traders with no exit plan,…

Sierra Leone Aims to Finish National Blockchain ID System in Late 2019

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The government of Sierra Leone plans to fully adopt a blockchain-enabled national identity system by the end of 2019. United Nations involved President of Sierra Leone Julius Maada Bio reportedly claimed that the new infrastructure will allow financial institutions to verify identities and build credit histories, tech publication NFCW reported on Sept. 2. The new project, called the National Digital Identity Platform (NDIP), is a collaboration between the United Nations and San Francisco-based nonprofit Kiva, a key technology partner of Sierra Leone since September 2018. According to the report, the NDIP is being…

Crypto a Solution to Web’s Challenges

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Marc Andreessen, co-founder of venture capital firm Andreessen Horowitz, said that cryptocurrencies could solve some of the internet’s biggest challenges. According to a report by The Wall Street Journal on Sept. 1, Andreessen made his statements at a private conference organized by Andreessen Horowitz and hosting officials from the United States Treasury Department and other financial regulators. Crypto is like the internet Per the report, Andreessen reiterated the popular comparison between cryptocurrencies and the internet. He said that the internet started as an information-sharing network for computer scientists and became…

Crypto a Solution to Web’s Challenges

boss

Marc Andreessen, co-founder of venture capital firm Andreessen Horowitz, said that cryptocurrencies could solve some of the internet’s biggest challenges. According to a report by The Wall Street Journal on Sept. 1, Andreessen made his statements at a private conference organized by Andreessen Horowitz and hosting officials from the United States Treasury Department and other financial regulators. Crypto is like the internet Per the report, Andreessen reiterated the popular comparison between cryptocurrencies and the internet. He said that the internet started as an information-sharing network for computer scientists and became…

Competition Intensifies as Roger Ver and Bitcoin.com Launch new Cryptocurrency Exchange

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Roger Ver’s Bitcoin.com has launched a cryptocurrency exchange with a promotional negative fee, meaning users get an intrinsic discount on their trades, September 2, 2019. The head of the exchange, Danish Chaudhary, believes this will be key to getting more users and amassing adoption. Bitcoin.com is a wallet and product site that aims to create merchant adoption for Bitcoin Cash (BCH). Negative Fee as a USP The entire value proposition of Bitcoin Cash is that it requires a fraction of the fee that Bitcoin does to execute a transaction. Bitcoin.com…

Global Stock Markets’ Aghast August Dumped 17x Bitcoin’s Market Cap – CCN Markets

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A brutal August makes a notable setback for markets home and abroad. | Source: Shutterstock By CCN Markets: August was a brutal month for investors across the world. Global stock markets shed $3 trillion as a dirty cocktail of recession warnings and trade war escalation rocked the markets. To put that into perspective, $3 trillion is 17 times larger than the entire market capitalization of bitcoin, all wiped out in a month. It’s a reminder that bitcoin’s market cap is still a drop in the ocean. A tiny, nascent asset…

Global Stock Markets’ Aghast August Dumped 17x Bitcoin’s Market Cap – CCN Markets

boss

A brutal August makes a notable setback for markets home and abroad. | Source: Shutterstock By CCN Markets: August was a brutal month for investors across the world. Global stock markets shed $3 trillion as a dirty cocktail of recession warnings and trade war escalation rocked the markets. To put that into perspective, $3 trillion is 17 times larger than the entire market capitalization of bitcoin, all wiped out in a month. It’s a reminder that bitcoin’s market cap is still a drop in the ocean. A tiny, nascent asset…

Liquid Exchange Reveals Escrow Account for Sale of Telegram Tokens

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Liquid, a Japan-based cryptocurrency exchange that ran a sale of Telegram’s yet-to-be-minted crypto tokens in July, has disclosed the wallet address where the funds will rest until the tokens are released. The wallet, revealed by the exchange in an Aug. 30 announcement, contains $4,123,116.76 worth of the USDC stablecoin, according to Etherscan. The token sale kicked off on July 10, selling GRAM tokens at $4 apiece and was completed in a couple of weeks. The wallet funds suggest about 1 million tokens were sold. The tokens, according to Liquid, will come…

Biggest Problems With Stablecoins, Explained

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5. Potentially, but there are hurdles that stand in the way. Earlier this year, Facebook unveiled plans for Libra — a stablecoin that would be pegged to a basket of assets — including major fiat currencies such as the U.S. dollar, yen, euro and pound. The social network has the vision of enabling its billions of users to send and receive money between each other — including across borders — potentially disrupting the remittances market. However, Mark Zuckerberg, the co-founder and CEO of Facebook, has had to slam the brakes on the…