Day: July 31, 2018

Ethereum Briefly Crashes 20% To 7-Week Low Amid Worries About Rival Bitcoin’s Future | CNBC

TradingBTC

Ethereum leaped several thousand percent this year to a record in June, and prices have been falling steadily since then. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on…

Bitcoin Drifts Down as Price Breaks Below Key $7.8K Support

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Bitcoin bears may be in the midst of taking an upper-hand. At press time, BTC is changing hands at $7,536 on Bitfinex, down 6.9 percent on the day, a figure that also finds the price breaking a key support level at $7,800. The world’s largest cryptocurrency by market capitalization has been largely confined to a narrow price range of $7,673–$7,800, since it broke $8,000 yesterday. However, mounting sell volume continues to apply downward pressure, presenting a bleak outlook for bulls looking to take back the reins. As such, bulls now are looking…

Among Digital Assets, Only Digital Currencies ‘Can Really Be Used at Present’

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A PwC Switzerland executive said that among the various types of digital asset, only digital currencies are can reasonably be used at present, according to a post on the PwC website July 31. In the post, Roland Stadler, Senior Manager and Data & Analytics Specialist at PwC Switzerland, claims that while digital assets “seem similar at first glance,” on closer inspection they differ. Stadler makes a distinction between “digital assets” and “currencies,” because “only a few” can be considered currencies in the “literal sense of the word.” He then divides…

Hackers Steal $32 Million Worth Of Digital Currency Ether | CNBC

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Around 153,000 ether tokens worth $32.6 million were taken by hackers on Wednesday. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Hackers Steal $32 Million Worth…

Ripple (XRP) Technical Analysis

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Fundamentals are positive for XRP and so far, more exchanges are actually listing XRP as their base currency for expediency purposes. However, regardless of all these, we are yet to see conclusive gains as prices yield to sell demand and are now trading below 45 cents and edging close towards 40 cents. Any dip below that means traders should short XRP and aim for 15 cents. From the News A Taiwanese cryptocurrency exchange, Bitrue will be offering trading pairs with XRP as base. By doing so, it is diverging from…

Barclays and Citi Among the Banks Trialing IBM’s ‘Blockchain App Marketplace’

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Tech giant IBM and forex settlement provider CLS are collaborating in testing a platform known as LedgerConnect that will make it possible for banks, software vendors, and fintech firms to deploy, share, and consume blockchain-based software. The platform was developed by IBM in partnership with Hyperledger. Banking giants Barclays and Citi are among two of the nine financial institutions that are taking part in the proof of concept (PoC). LedgerConnect will serve as a blockchain marketplace for the financial sector, and this is expected to speed up innovation in the…

Korean Authorities Investigate Alleged Crypto Scam That Promised Investors Shipwreck Gold

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South Korean authorities are investigating a possible crypto investment scam involving the Seoul-based Shinil Group as the key figure, Korea JoongAng Daily reported July 31. Shinil Group (Shinil) allegedly promised to pay investors in gold from a sunken Russian shipwreck. Earlier this month, Shinil announced it had found the Dmitrii Donskoi, a Russian armored cruiser that sank 113 years ago, according to Reuters. The company claimed that the ship was loaded with 150 trillion won ($131 billion) worth of gold. To encourage investors to purchase the company’s own cryptocurrency, Shinil…

It’s Not Bitcoin Or Ethereum: This Digital Currency Rose 3,977% In The First Half Of 2017 | CNBC

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Ripple’s XRP token finished the second quarter priced at $0.263, up 3,977 percent higher year-to-date. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC It’s Not Bitcoin…

Bitcoin Slammed By More Than 10% To Below $2,500; Ethereum Down Big Too | CNBC

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Bitcoin erased the initial gains it saw after developers last week appeared to avoid a currency split. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Bitcoin…

EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis

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It is an across the board altcoins erosion with EOS registering a five percent drop yesterday. While there are hopes for buyers, we need to see rejection of lower lows especially in IOTA, EOS and XLM which is technically bullish. Before then, we shall take a conservative approach and see how prices react at key support lines. Let’s have a look at the charts: EOS Technical Analysis From the News As a follow through, Circle has announced support for EOS. It appears that EOS; a digital asset met all their…