How Will the Crypto Markets Perform in Coming Years?

The crypto markets roared back to life at the beginning of 2019 after having a poor year previously, but many concerns remain despite the impressive show in the first half of the year so far. In an interview, the Managing Director of the advisory firm PFYN Advisory, Patrick Franz, spoke broadly about the range of changes that could eventually propel the crypto space even further in the years to come. PFYN wishes to eventually harness a crypto markets ecosystem in which traders from all over the world can buy and…

A Lesson in History – How Crypto Exchange Security Has Moved on Since Mt. Gox

The beginning of the Bitcoin revolution also gave birth to the concept of cryptocurrency exchanges, which offered a way for people to convert their fiat to bitcoin by purchasing the cryptocurrency on them. One of the first movers in this segment was Mt. Gox. Mt. Gox, with a “rich history”, at one point stood to be the largest cryptocurrency exchange of that time, with users from across the world using its services. However, it didn’t stay that way for long. The first huge bitcoin rally, which witnessed the price crossing…

Palestinian Authority Considering Crypto to Replace Israeli Shekel

Palestinian Prime Minister Mohammad Shtayyeh reiterated that his government is considering using cryptocurrency as an alternative to the Israeli shekel fiat currency, English-language local media Al-Monitor reports on July 22. Shtayyeh said at the opening of the Palestine Center for Computer Emergency Response in Ramallah on July 9 that he’ll consider every possibility to enhance the freedom of Palestinian economy that Israel won’t be able to block.  During his first appearance on Palestine TV, after first taking office in April, he reportedly said: “The Palestinian economy has about 25 billion…

Football Club AS Roma to Launch Crypto Fan Token with Voting Privileges

Distinguished Italian football club AS Roma announced that it will join Socios, a blockchain-based voting platform. AS Roma has partnered up with sports and entertainment blockchain firm Chiliz (which powers Socios) for this crypto initiative. Chiliz broke the news in an official announcement published on July 19. In the announcement, Chiliz states that AS Roma will join its sports platform Socios and launch an AS Roma fan token. Through the use of this crypto tokens, fans will be able to vote in club-delegated decisions. Blockchain has a diverse set of…

Mercedes Parent Firm is Building a Crypto Hardware Wallet for Cars

Daimler, the German multinational corporation behind the Mercedes-Benz brand, partnered with European blockchain interface solutions startup Riddle & Code to provide an open car hardware wallet solution, the startup announced in a press release published on July 22. ‘Turn automobiles into future market places’ Per the release, car wallets have a wide variety of use cases, such as car-sharing, autonomous vehicles, real-time exchange of secure traffic data and with smart city environments to reduce congestion and lower insurance premiums. The startup’s CEO Tom Fürstner declared: “Autonomous cars must behave consistently…

Former Boss of BTC-e’s Offshoot WEX Crypto Exchange Arrested by Italian Police

Even though the Russia-based BTC-e crypto exchange has already perished from this world, it keeps producing crypto news, and not the good kind. Now, its second CEO, Dmitry Vasiliev, has also been arrested and detained by law enforcement agencies, this time in Italy. The now-defunct BTC-e was widely known as the largest Russian-language crypto platform in the world. It was notoriously known for its monkey games while it was headed by the former CEO Alexander Vinnick. A report by the Wall Street Journal showed that the crypto exchange was associated…

Crypto and FB’s Libra Are Bridges to a Bitcoin World, Says Tim Draper

Bitcoin (BTC) will be the ultimate benefactor from interest in Facebook Libra and cryptocurrencies, billionaire Tim Draper has said.  Bridges to a ‘Bitcoin environment’ Speaking to CNBC in an interview on July 19, Draper, who is well known as a Bitcoin advocate, defended both Libra and Bitcoin against recent pressure from governments, particularly in the United States.  Asked whether the world was now in a post-Bitcoin environment, he argued that Bitcoin represented the true innovation from the cryptocurrency world, and would ultimately be the tool that reshaped borders, finance and…

Crypto Exchanges Native Tokens May Leave Bitcoin Behind

Crypto exchanges’ native tokens may serve as a decent alternative to both world reserve currencies and popular cryptocurrencies. Trading platforms stake on their own tokens as one of the main business tools, which increases their importance in the eyes of investors, primarily large institutionalists. Exchanges capable of providing liquidity to such assets increase their chances of becoming leaders in the crypto services market because they not only allow users to trade digital assets but also to participate in over-the-counter trading and ICOs. In 2019, crowdsales conducted by Binance, Huobi, KuCoin…

Bitcoin And Crypto Market Approaching Next Break: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is currently trading in a range below the $290.0B resistance. Bitcoin price is also consolidating above the $10,500 support and is preparing for the next move. BCH price broke the $320 resistance, but it is struggling to gain momentum. EOS price is up around 2% and it recently traded above the $4.100 and $4.200 resistances Stellar (XLM) price is slowly moving higher towards the $0.0950 and $0.1000 resistance levels. Tron (TRX) price is likely to continue higher and it might soon break the $0.0300 resistance…

Number of Crypto Notables on Buffett Lunch Guest List Grows

Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend.  Earlier today, July 21, Sun invited the founder and CEO of trading platform eToro, Yoni Assia, to the lunch with the chairman and CEO of Berkshire Hathaway via tweet. Assia quickly responded saying, “Justin, it is my honor to join you for lunch with @WarrenBuffett. A big step for bridging between the traditional finance world and the new one!”…