Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that: โI, Brock Pierce, am running for President of the United States of America.โ Pierceโs campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). His website, sparse on details, does not say if…
Day: July 5, 2020
Top 5 Cryptocurrencies to Watch This Week: BTC, NEO, TRX, XTZ, VET
Bitcoin and most altcoins are witnessing selling at every minor rally, increasing the possibility of a dip in the short-term. Bridgewater CIO Ray Dalio said that central banks have moved away from their traditional role and have become owners of assets since the 2008 Financial crisis. They now act as โmarket makers.โ Therefore, the โcapital markets are not freeโ anymore. Dalio warned that the US dollar is likely to lose its attractiveness as the reserve currency of the world. Crypto market data daily view. Source: Coin360 However, it will be…
Binance Supports Ontology Upgrade, Stops Deposit of NEP5 ONT Tokens
Binance, one of the worldโs biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade. Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet. Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits. Any future deposits of NEP5 ONT will not be credited to users’ Binance account, it indicates. Deposits and withdrawals of ONT will be stopped starting July 6ย at 9 a.m. UTC. Users will be notified when…
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Bitcoin-Friendly Kanye West Running for US President 2020, Taking on Donald Trump and Joe Biden
Kanye West announced on Independence Day that he is running for president of the United States in 2020, taking on Donald Trump and former Vice President Joe Biden. Responding to the bitcoin-friendly singer with 21 Grammy Awards, Tesla and Spacex CEO Elon Musk said West has his full support. Kanye West Running for President 2020 Kanye West is one of the worldโs best-selling musicians, with over 140 million records sold worldwide. He announced on July 4 via Twitter that he is running for president in 2020. The pro-bitcoin singer tweeted:…
Philippine SEC Warns Against Crypto Schemes
The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1. The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both. It explained that: โA maximum fine of P5 million or imprisonment of 21 years or both await those who act as salesmen, brokers, dealers or agents of entities engaged in unauthorized investment schemes[…] The Bayanihan to Heal…
The Role of ISINs in Relation to Digital Assets
Institutional interest in digital assets has been growing. The Chicago Mercantile Exchangeโs volume of Bitcoin (BTC) options hit a high of $40 million on May 13, 2020. The worldโs largest digital currency asset manager, Grayscale, posted record-breaking capital inflow to its GBTC fund in Q1 2020, and Fidelityโs cryptocurrency services division confirmed increased interest from pension funds and family offices. Due to growing interest from financial institutions examining how to leverage blockchain technology for security issuance, industry and regulators alike have turned their attention to assigning International Securities Identification Numbers…
Peter Mccormack vs Richard hart and why he really annoyed me!! ๐คฌ
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CBDC is the Most Important Trend in Payments Says Visa Crypto Chief
Central Bank Digital Currencies, or CBDC, may just be one of the most important trends over the next decade claims Visaโs head of crypto. Cuy Sheffield, who runs credit card giant Visaโs crypto projects, tweeted that โas governments evaluate CBDC, the path they decide to take will have major implications for privacy, monetary sovereignty, geopolitics, and financial inclusion, as well as global adoption of crypto dollars and Bitcoin.โ He said: โI’d argue that central bank digital currency (CBDC) is one of the most important trends for the future of money…
Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020
The price of Bitcoin (BTC) dropped below $9,000 for a total of eight times in the past two months. Yet, it has recovered with strength after every pullback. According to a pseudonymous crypto analyst, Bitcoin could sustain its uptrend if it reclaims the 200-day displaced moving average (DMA). The analyst, known as CryptoKea, said: โBTC broke the lower band of the bullish channel a few days ago. Is the bullish uptrend at jeopardy? Imho, as long as price recovers back above 1.1x the 200 DMA soon (currently at $9,234 and…