n What are the critical levels to watch for on the upside that will signal a change in trend Lets look at the chartsn Author: Source link
Price Analysis 19/07 BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM
Day: July 19, 2019
Bitcoin Dominance Growing — What It Could Mean for Altcoins
Bitcoin (BTC) has more than tripled in 2019, moving from under $4,000 at the start of the year and then topping out at a little under $14,000 in June. In the earlier part of 2019, altcoins seemed to be performing strongly, with many calling the trend “altseason.” However, since Bitcoin began its 2019 charge starting with the “April Fool’s day rally,” most altcoins seem to be slipping when compared to the top-ranked cryptocurrency. There is now a growing debate about whether the altcoin market will experience the same massive price…
UK Thieves Burgle Bitcoin Center, Find Zilch
In a daring, if baffling, evening raid thieves allegedly broke into the so-called Bitcoin Embassy on Formans Road in the U.K. city of Birmingham. The thieves attacked at 10pm on July 15, according to the Birmingham Mail. Recorded and posted to Facebook, the daring late-evening attack netted the thieves what looked like, at first, either lengths of receipt tape from a bitcoin ATM – an ATM owned by the decidedly unappetizing Shitcoins Club – or, less likely, an decidedly pessimistic length of toilet paper. The truth, however, is more mundane.…
Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung
Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark. According to filings with the Korean Intellectual Property Office (KIPO), an application to register the trademark in both English and Korean was submitted on July 10 by an individual called Kim Nam-jin. The filing was made under categories related to computer programs, such as “downloadable electronic money computer program,” “electronic money card,” “electronic encryption device,” and “IC card with electronic money function.” However, when contacted, a Samsung representative told CoinDesk…
Ex-CEO of Crypto Exchange WEX Arrested In Italy
Dmitri Vasilev, the former CEO the now defunct crypto exchange WEX, was arrested Friday in Italy, the BBC’s Russian Service reported. The publication cites Vasilev’s acquaintance and two anonymous investors in WEX who told BBC about the arrest. The attaché of the Russian embassy in Italy, Dmitri Gurin, declined to provide any details, as did the Italian financial police (Guardia de Finanza). WEX was launched in 2017 as a successor of also defunct exchange BTC-e, whose alleged operator, Alexander Vinnik was arrested in 2017 in Greece and now facing extradition…
R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda
Blockchain technology company R3 has hired software sales veteran Cathy Minter as chief revenue officer, a role newly created to recruit users for the firm’s paid commercial product, Corda Enterprise. Minter, who lived through the revolution in cloud computing from its early days, sounded unfazed by reports this week stating the “blockchain not bitcoin” segment of the industry – which R3 once personified – can expect to see as much as a 60 percent decrease in investment flows this year. She told CoinDesk: “I’m seeing huge demand for that at R3…
Global Accounting Firm KPMG Partners with Microsoft, R3 on Telecoms Blockchain
KPMG, a multinational accounting firm, is partnering with software firms TOMIA, Microsoft, and R3 to develop a blockchain for telecom settlements. One of the “big four” accounting firms, KPMG has pursued industry-specific blockchain pilots in the past, always with an eye to settling cross-border, or network, complexities. The latest partnership, with two distributed ledger (DLT) industry leaders, Microsoft and R3, continues in the vein of resolving the issues that arise from multi-party connections. Specifically, KPMG is looking to address the hard data issues that will arise from 5G connectivity. The…
Bundesbank Head Says Don’t Suppress ‘Innovative Concepts’ Like Libra
The head of Germany’s central bank Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event. Bundesbank head warns against suppressing innovation Weidmann, Bundesbank President and the Governing Council member of the European Central Bank, argued that global regulators should not suppress the project in its infancy, according to an email newsletter in a shared by eToro senior market analyst Mati Greenspan on July 19. According to the letter, Weidmann reportedly supported the Libra project during a recent G7 meeting, arguing that digital currencies such as Libra…
Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing
Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control. ‘Governments cannot stop this innovation’ During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile. “The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said. McHenry runs in sharp contrast to other Congressmen making the headlines…
Tether’s Trouble With New York Attorney General — Will Crypto Cope?
Are Bitfinex and Tether in trouble? Maybe, but the thing is, we don’t know just how much trouble, because the stablecoin issuer has challenged the New York State Office of the Attorney General’s (OAG) case against them. In claims filed in April, Attorney General Letitia James asserted that Bitfinex defrauded its customers, having lost $850 million in client and corporate funds, and then having attempted to cover up this loss by secretly helping itself to around $900 million of Tether’s cash reserves. Serious charges, but they’re denied by Bitfinex and…