Ethereum (ETH) Price Climbs Again, Bulls Likely Sighting $240

ETH price completed its downside correction near the $202 support area against the US Dollar. The price bounced back and climbed to a new monthly high above the $220 level. There is a new major bullish trend line forming with support near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting gains, but it remains supported near the $215 and $210 levels. Ethereum price is back in a positive zone versus the US Dollar and bitcoin. ETH price is showing positive signs and…

Tech Startup Nebula Genomics Launches Blockchain-Based DNA Sequencing

Tech startup Nebula Genomics is launching DNA sequencing using blockchain, which eliminates the need for customers to reveal personal information. Per a blog post published on Sept. 19, Nebula has rolled out anonymous genetic testing, enabling clients to purchase whole-genome sequencing and provide their saliva samples without the need to share their personal data such as name, address or credit card number. Eliminating the dependence on data de-identification To achieve this, Nebula developed and implemented a blockchain-based product that enables transparent and controllable data sharing, and offers an option to…

After Dip of $500, Bitcoin Price Back to Trading Sideways at $10,200

Thursday, Sept. 19 — Bitcoin (BTC) price is back up and seems to be stabilizing just above the $10,200 price mark after experiencing a sudden drop of $500 in minutes earlier today. Market visualization. Source: Coin360 Bitcoin is trading sideways again Bitcoin’s sideways trading behavior has become standard operating procedure in recent months, with long periods of sideways action giving way to sudden drops in prices, only to shoot back up to previous price levels. Bitcoin price has started to trade sideways once again, currently at around $10,290 per coin, according…

US Congress Schedules Sept. 24 Hearing With SEC With Crypto on Agenda

The United States House of Representatives Committee on Financial Services has scheduled a hearing with Securities and Exchange Commision (SEC) Chairman Jay Clayton and four other SEC commissioners to discuss, among other topics, crypto. In a memorandum from Sept. 19, the Committee on Financial Services stated that it will hold a hearing on Sept. 24 entitled, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat.” This one-panel hearing will include the Securities and Exchange Commission (SEC) chairman Jay Clayton, commissioner Hester Pierce (AKA Crypto Mom) and…

Waves Transitions to Self-Regulating Monetary System

Open source blockchain platform Waves is transitioning to a self-regulating monetary system, allowing thus the community to determine the block generation reward size and coin supply. Waves announced the development in a press release shared with Cointelegraph on Sept. 19. The company detailed an update to protocol version Node 1.1, which considers a mechanism of block generation rewards in addition to the existing transaction fees: “Every generated block will add another 6 WAVES to the overall circulating supply, which was previously limited to 100,000,000 WAVES. The reward for block generation…

Zuckerberg Continues Tour of DC With Unproductive Meeting With Senator

Facebook’s CEO Mark Zuckerberg is continuing his planned meetings with policymakers in United States capital Washington D.C., to further discuss “future internet regulations,” most recently with Senator Josh Hawley. Zuckerberg meets Missouri senator Josh Hawley On the afternoon of Sept. 19, U.S. Senator Josh Hawley took to Twitter to give an overview of a meeting today with Mark Zuckerberg. Hawley wrote: “Just finished meeting with CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition.” The U.S…

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

Bitcoin Cash Learns Block Size Economics, Ver Says BCH Not Restricted

Those who have followed the Bitcoin saga from the very beginning know that it’s a mistake in 2019 to only pay attention to the so-called “grandfather cryptocurrency,” as that would mean ignoring Bitcoin’s many relatives (and competitors) that share the same DNA. Bitcoin Cash (BCH), when it comes down to brass tacks, is similar to Bitcoin in most ways, but with one large distinction — it’s bigger block size of 32 megabytes. This is a result of BCH innovator Roger Ver’s idea that scaling should be possible on-chain, without third-party accelerators like the…

SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing

Better regulation is needed around bitcoin markets before they can be traded on major exchanges, the head of the U.S. Securities and Exchange Commission said on Thursday. Speaking at CNBC’s Delivering Alpha conference, SEC Chairman Jay Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange. “We have to get to a place, in my view — just speaking for myself — we have to get to a…

Former Overstock CEO Sells His Entire 13% Stake in the Firm for $90M

Former Overstock CEO Patrick Byrne has sold his 13% stake in the firm for $90 million to move to gold and crypto trading. Byrne sells his entire Overstock stake in 3 days Byrne, who resigned from Overstock on Aug. 22, cashed out nearly 4.8 million Overstock (OSTK) shares, which accounts for more than 13% of the company, American financial publication MarketWatch reported on Sept. 19. According to a filing with the United States Securities and Exchange Commission (SEC), the former Overstock CEO was selling his shares at lower and lower…