Moshe Hogeg, the chief executive of the blockchain smartphone startup Sirin Labs, was sued by Hong Kong-based mobile phone manufacturer Foxconn International Holding (FIH) for unpaid bills used to manufacture the Finney blockchain phones, according to Israel-based technology news site CTech. Source link
Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. Cryptocurrencies are still correcting before another attempt to start a new bullish impulse. In charts of many cryptoassets, they are forming a Triangle pattern, a breakout of […] Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. Cryptocurrencies are still correcting before another…
Bitcoin’s turbulent price action over the past few days hasn’t offered too many insights into its near-term trend, as the crypto has yet to break above or below any key technical levels. Analysts are now pointing to the emergence of a highly bullish pattern that may have major implications on its near-term outlook. This ascending triangle has been formed over the past couple of weeks, with the upper and lower boundaries of the pattern both being confirmed on multiple occasions. If validated, this pattern could allow the benchmark cryptocurrency to…
With bitcoin prices sitting around $12K and Russia developing “Transparent Blockchain” AI, CoinDesk’s Markets Daily is back for your latest crypto news roundup! So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes. Some option traders are now betting ether will rise to $1,000 by year’s end. The Linux Foundation hopes open-source apps will play a key role in tracing exposure to diseases like COVID-19 while being fully transparent. Russia’s anti-money laundering…
On August 11 the price of gold and silver showed some corrective movements, the same was seen in the cryptomarket. Bitcoin (BTC) dropped by $700 from $11,800 to $11,100 in one day, marking a short term correction. However, is the overall bullish momentum gone from the crypto markets? Given the strong surges from Chainlink (LINK) and Tezos (XTZ) today, it seems that the bull market is still on fire. Crypto market daily performance. Source: Coin360 Bitcoin holds crucial support at $11,200 If Bitcoin wants to sustain bullish momentum, the crucial…
After climbing an impressive $440 open interest in June, CME Bitcoin futures recently hit a new record high. Deribit has larger figures. Institutional interest in Bitcoin (BTC) continues to grow as CME futures hit a record high of $841 million. Open interest in the Chicago Mercantile Exchange(CME) BTC futures hit the new all-time high on Wednesday. According to a Cointelegraph report, the increase shows that the interest of professional investors in BTC continues to soar impressively. On August 11, MicroStrategy Incorporated (NASDAQ: MSTR) announced that it purchased 21,454 BTC at the…
Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned. In a series of tweets on Aug. 12, Mike Belshe strongly urged investors to divert a minimum of 3% of their portfolio into Bitcoin. Belshe: investors will move from cash to gold, Bitcoin As multiple jurisdictions around the world reenter compulsory lockdown conditions, Belshe said that in the United States, the government had made a prison for itself using the policy. “The government is being forced…
On August 2 the price on Ethereum hit an all-time high of $420. Despite the rapid ETH price fluctuations investors are still very optimistic about its future. The world of cryptocurrencies has been quite stagnated for quite some time now. The big names in the market – Bitcoin, Ethereum, and others – had been registering alarmingly low marks for several months. However, cryptocurrency analysts had been expecting the market to become bullish and the signs of this have begun to show now. What’s more interesting is that it isn’t just…
A global UAE Bank has teamed up with HashCash Consultants, a blockchain solutions firm, to enhance its financial and banking operations with blockchain-powered digital identity. Authentic identification Through the strategic partnership, the aim is to create a sovereign and federated architecture of digital identity because which the UAE views as integral to all crucial banking processes and the future of finance. Blockchain will offer immutable storage that will boost authentic identification of a person in banking activities, such as securing a loan, buying property, and getting a job. As a…
The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020. According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020. The trust issued almost 90% more shares in the second quarter of 2020 compared to the…