Friday, July 19 — Cryptocurrency markets are reporting mixed signals, with most of the top-20 coins by market capitalization are down over the last 24 hours.
Market visualization. Source: Coin360
Bitcoin (BTC) has stayed above the $10,000 threshold during the day and is trading at around $10,412 at press time. The leading cryptocurrency has lost 2.14% on the day, while its weekly losses amount to nearly 10%.
As reported earlier today, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told fellow lawmakers directly that attempts to stop Bitcoin are futile. “The world that Satoshi Nakamoto, author of [...]
The Initial Coin Offering (ICO) and the Security Token Offering (STO) feature some similarities, but ultimately differ drastically. The following explains how.The Difference Between an ICO and an STO Explained
In 2018, ICOs raised nearly $8 billion. But as many know too well, the ICO wave has since come crashing down.
ICOs now raise about 58 times less than they did just a little more than one year ago.
In the midst of such an atmosphere, the STO emerged. So far, the nascent industry has featured 64 STOs which raised an accumulative total of $1 billion. In Q1 of 2019 alone, STOs saw a 130% increase.
So, what’s the [...]
Ron Paul, the pro-bitcoin retired U.S. Congressman, says President Donald Trump is correct when he says the Federal Reserve is clueless and useless. Moreover, Paul says the Fed should stop manipulating interest rates because that fuels artificial bubbles and stock market crashes.Rand Paul: The Fed Does More Harm than Good
In a blistering July 19 Fox Business column, the father of Senator Rand Paul says Trump should curb the unfettered power of the Fed to roil the financial markets.
“President Trump is right – the Fed doesn’t know what it is doing. But it is up to him to stop it from further increasing in power. For over a century, the central bank [...]
People may wonder why Facebook has chosen to build their Libra blockchain network from scratch, rather than building on an existing giant like Ethereum, EOS, or even – as was rumored – Stellar. The answer is simple and sophisticated at the same time, depending on how deep into it you want to look.Facebook Wanted Better Scaling and More Control Than Ethereum Offers
On the surface, it’s simple enough: Facebook wants more control than using an existing decentralized network like Ethereum would allow, necessarily wanting to have the ability to reverse transactions in accordance with financial regulations.
This is an [...]
Investor and Shark Tank shark Kevin ‘Mr. Wonderful’ O’Leary has dismissed concerns raised against Facebook’s cryptocurrency Libra.
Speaking on CNBC, the avowed Bitcoin skeptic stated that Libra has the capacity to become accepted and consequently useful with effective regulation.
Stemming from this O’Leary is bullish on the social media giant’s future prospects. On the other hand, Bitcoin will die once a regulated cryptocurrency such as Libra comes along, per the Shark Tank star:
It’s [Bitcoin] going to go to zero one day when somebody brings a regulated product, which is why I’m excited about Facebook. I like their [...]
Wednesday, July 17— The number one cryptocurrency Bitcoin (BTC) is seeing slight gains on the day as major altcoins (ETH) and Ripple (XRP) rally.
Market visualization. Source: Coin360
Bitcoin has been trending down this week. Bitcoin retook $13,000 on July 9 before sinking all the way down to under $10,000 by July 16. At press time, BTC is trading just over $9,800 with a 2.64% gain on the day.
On July 4, analysts at SFOX conjectured that Bitcoin could rally in light of the American national holiday Independence Day, arguing that holidays in the midst of a bull market tend to spark FOMO. However, Bitcoin did not see any [...]
Bitcoin (BTC-USD) and most other cryptocurrencies are under pressure on Tuesday, continuing a multiday downward trend. The leading cryptocurrency lost 14% of its value over the 24-hour period that ended at 3 p.m. EDT, and is trading 23% lower than it was a week ago. Bitcoin is now trading below the key $10,000 level.
As would be expected, bitcoin-linked investments such as the Greyscale Bitcoin Trust(NASDAQOTH: GBTC) were trading lower by similar percentages.So what
Regulatory uncertainty has been a driving force behind some of bitcoin’s sharpest downward moves, and this time, the murkiness comes from right here in the United [...]
Fundstrat Global Advisers co-founder Thomas Lee wrote that the recent Bitcoin (BTC) pullback is healthy in a tweet on July 14.
In his tweet, Lee also addressed concerns over the recent decrease in Google searches for Bitcoin:
“As for the search traffic for bitcoin being low, I also think that is a good sign. It means the rise in Bitcoin has not been accompanied by massive hype.”
According to search analytics service Google Trends, Google searches for Bitcoin from within the United States have decreased by about 45% since their recent peak at the end of June.
Google search data for Bitcoin in the U.S. Source: Google [...]
Institutional digital assets platform trueDigital Holdings has announced plans to offer bitcoin derivatives for U.S. investors.
In a press release on Friday, the company said it’s reached an “agreement in principle” to acquire designated contract market (DCM) and swaps execution facility (SEF) registrations with the U.S. Commodity Futures Trading Commission (CFTC) from a firm called trueEX.
The deal is pending approval from the CFTC, the firm said.
If the bid is successful, the aim is to launch a “fully-regulated” cryptocurrency derivatives exchange that would list trueDigital’s bitcoin physically deliverable swaps, which the firm states “have been [...]
The U.S. Securities and Exchange Commission (ICO) has granted an ethereum-based token a Reg A+ qualification, the startup YouNow said Thursday.
Props is an ethereum-based blockchain token that integrates with streaming platforms like YouNew and XSplit to reward users and creators with tokens.
YouNow – which developed the Props blockchain – announced today that it will begin rewarding content creators with Props for in-app activities that “drive community engagement.” Users will also begin to receive tokens for engaging with the platform. YouNow will begin by distributing a total of 187 million tokens to users and creators, according to an SEC [...]