Bitcoin Price Climbs Back Above $8k to Reach 60-Day High

Bitcoin’s price has climbed back above $8,000 for the first time in two months. According to CoinDesk’s Bitcoin Price Index, the price of the world’s largest cryptocurrency by market capitalization jumped by $200 in just two hours on Wednesday and is changing hands at $8,015 as of press time – that’s a level not seen since May 24. The price of bitcoin had been declining since May 24 and reached a new year’s low at $5,785 on June 24, after which it started regaining momentum for a move back above…

Crypto Community Responds to Mastercard Outage

Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions. Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ — Frédérique FP (@Frederique_FP) July 16, 2018 First reported by the Financial Times on July 12th, the outage had a global impact that sparked major complaints from consumers. Mastercard suffered outages across the US and most of Europe. Some issues? We were unable to get our rental car and now we’re losing half…

US Chamber of Commerce Calls for Clarity on ICOs

The U.S. Chamber of Commerce is interested in initial coin offerings as a way for companies to tap capital – but only if they’re regulated, that is. The influential business lobbying group launched its FinTech Innovation Initiative last Wednesday, highlighting development in cryptocurrencies and token sales as one of its eight “FinTech principles” aimed at “bridging the gap between technology and [Washington] D.C.” The organization specifically called for increased guidance on token sales, including how to determine whether a token is a security “so companies can have more predictability and…

Decentralized Exchanges Aren’t Living Up to Their Name – And Data Proves It

Some say a “decentralized exchange” is an oxymoron. Perhaps not, but for now it’s not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using a platform operated by a single entity. The main selling point is that unlike today’s better-known crypto trading platforms (think Coinbase, Kraken or Binance), a decentralized exchange shouldn’t require traders to store their money with…

Tron Price (TRX) Still Going Down, But Technicals Show Positive Future

The Tron price (TRX) lost a good deal of its value over the last three days. On Friday, July 20, Tron is trading at $0.0349, losing around 8% in 24 hours. Technically, TRX is trading within a range on D1, with the major support at $0.0230, and the resistance at $0.1004. In the midterm, Tron is trading within a descending channel, trying to reach the major support. Meanwhile, the Stochastic is converging, which signals a possibility of ascending correction. This will be confirmed once the resistance of the current channel…

R3 Launches Corda Enterprise With First-Ever ‘Blockchain Firewall’

More than a year in the making, Corda Enterprise has arrived. Announced Tuesday, blockchain startup R3 has released a paid version of its signature open-source Corda blockchain technology, one that offers added features aimed at regulated institutions including 24/7 support, disaster recovery and more. The big reveal comes just over 13 months after R3 raised $107 million, at the time stating that it would allocate funds for an enhanced version of its product. Further, it will bring to end a period of development in which businesses have needed to build…

Coinbase User Files Class Action Against Company, Clai… | News

Coinbase, a major US-based cryptocurrency exchange and wallet platform, faces a class action lawsuit claiming that its employees and other insiders benefited from trading on non-public information that the exchange planned to introduce Bitcoin Cash (BCH) support last December, The Recorder Law reported on Friday, March 2. The complaint was filed by Coinbase user and Arizona citizen Jeffrey Berk, represented by two law firms, in the US District Court for the Northern District of California on Thursday, March 1. The introduction to the class action complaint brought against Coinbase explains that…

8 Ways Telegram Thinks Its Own ICO Could Go Wrong

If Telegram’s ambitious blockchain project fails, investors can’t say they weren’t warned. Along with the white paper and technical documents, prospective buyers in what could be one of the largest-ever initial coin offerings (ICOs) have received a nine-page memorandum spelling out the risks of buying the tokens. For investors in traditional markets, such a litany of dangers is a familiar sight – the documents list almost every conceivable thing that could go wrong. But the Telegram document, a copy of which was obtained by CoinDesk, is striking because the company isn’t…

Eco and Uber | How to Get Involved in the Digital Currency for Everyone

There’s a new cryptocurrency coming – ECO – but how is it connected with Uber? According to the report by Fortune’s Robert Hackett, Uber co-founder Garrett Camp is planning to start his own cryptocurrency. The goal of Camp’s crypto is to solve the technical challenges that hinder many current cryptocurrencies, such as the scalability issues of Ethereum, along with other challenges. Camp told Fortune that he hopes to bring crypto back to its origins as “an instant, affordable, and borderless means of payment for the masses.” Camp has long been…