Bitcoin News http://feed.informer.com/digests/93MEEBWEGB/feeder Bitcoin News Respective post owners and feed distributors Wed, 27 Sep 2017 08:08:49 +0000 Feed Informer http://feed.informer.com/ US Senators Grill Facebook on Privacy, Trust Issues in Libra Hearing https://cointelegraph.com/news/us-senators-grill-facebook-on-privacy-trust-issues-in-libra-hearing CoinTelegraph.Com News urn:uuid:05849f54-1545-a166-5f38-e161d9cffaa0 Tue, 16 Jul 2019 15:57:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80OTc2ZjExYWE2MjFlNTRhZTY5OTYxZDQzNzhiZGM2Yi5qcGc=.jpg"><p>U.S. senators expressed their concerns over data privacy and trust issues in a hearing on Facebook’s Libra today</p> ‘I Like Bitcoin’ Not Facebook Libra, House Rep. Kevin McCarthy Admits https://www.newsbtc.com/2019/07/16/i-like-bitcoin-not-facebook-libra-house-rep-kevin-mccarthy-admits/ NEWSBTC urn:uuid:ff38714c-1882-30dc-c12a-bcf48afa7905 Tue, 16 Jul 2019 15:00:36 +0000 <p>US House Representative Kevin McCarthy said he likes bitcoin because of its decentralized nature and security. The minority leader praised the cryptocurrency&#8217;s underlying blockchain ledger technology for protecting users&#8217; privacy, a feature that is otherwise missing across centrally-controlled financial services. For the same reasons, he criticized Facebook&#8217;s upcoming cryptocurrency project Calibra for being the polar opposite<a class="read-more" href="https://www.newsbtc.com/2019/07/16/i-like-bitcoin-not-facebook-libra-house-rep-kevin-mccarthy-admits/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/i-like-bitcoin-not-facebook-libra-house-rep-kevin-mccarthy-admits/">&#8216;I Like Bitcoin&#8217; Not Facebook Libra, House Rep. Kevin McCarthy Admits</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>US House Representative Kevin McCarthy said he likes bitcoin because of its decentralized nature and security.</p> <p>The minority leader praised the cryptocurrency&#8217;s underlying blockchain ledger technology for protecting users&#8217; privacy, a feature that is otherwise missing across centrally-controlled financial services. For the same reasons, he criticized Facebook&#8217;s upcoming cryptocurrency project Calibra for being the polar opposite of bitcoin.</p> <blockquote><p>“When I’m on Facebook, I’m not the customer, I’m the product,” McCarthy <a href="https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html" data-wpel-link="exclude" target="_blank" rel="follow noopener">told</a> CNBC. “Facebook is free because they sell your data to make money. Now they want to get into the business, and they’re not Bitcoin, in this Libra. They’re not decentralized.”</p></blockquote> <p>&#8216;I want to see decentralization because Libra concerns me that they’re going to control the market,&#8217; he added.</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">&quot;I like bitcoin &#8230; The real thing I like when it comes to bitcoin is I like blockchain because I like the security. I want the government to start using blockchain,&quot; House Minority Leader Kevin McCarthy <a href="https://twitter.com/GOPLeader?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">@GOPLeader</a> tells <a href="https://twitter.com/JoeSquawk?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">@JoeSquawk</a> <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">#bitcoin</a> <a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">#btc</a> <a href="https://t.co/LeCi3Gg7Ro" data-wpel-link="external" target="_blank" rel="nofollow noopener noreferrer">pic.twitter.com/LeCi3Gg7Ro</a></p> <p>&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1151106931802685440?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 16, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <h2>Privacy Frameworks</h2> <p>The statements came just hours ahead of the House Banking Committee&#8217;s hearings on Calibra. Facebook&#8217;s executive David Marcus will be defending the digital payment project today before Maxine Waters, the Democratic Congresswoman, who last week <a href="https://www.newsbtc.com/2019/07/16/us-committee-plans-to-ban-facebook-cryptocurrency-libra/" data-wpel-link="internal">proposed a bill</a> that would ban the entry of big technology firms into the financial industry. In his prepared testimony, however, Marcus clarified that the Libra Association, the division which would head the Calibra project, will be regulated by the Swiss government. Excerpts:</p> <blockquote><p><span class="s1">&#8220;We have had preliminary discussions with FINMA [the Swiss Financial Markets Supervisory Authority] and expect to engage with them on an appropriate regulatory framework for the Libra Association. The Association also intends to register with FinCEN [The U.S. Treasury Department’s Financial Crimes Enforcement Network] as a money services business.”</span></p></blockquote> <p>McCarthy, on the other hand, called for a balanced approach between the two, believing that the US should not miss out on opportunities provided by the blockchain companies. In an <a href="https://www.nytimes.com/2019/07/14/opinion/kevin-mccarthy-privacy-blockchain.html" data-wpel-link="exclude" target="_blank" rel="follow noopener">opinion editorial</a> published in the New York Times, the tech-savvy republican requested the US Congress to &#8220;develop a clear privacy framework&#8221; before it mistakenly turns scrutiny into suppression.</p> <blockquote><p>&#8220;In the right “light touch” regulatory environment, decentralized networks can provide the transparent, secure platforms that respect an individual’s privacy and dignity,&#8221; McCarthy wrote.</p></blockquote> <h2>Bitcoin a &#8220;National Security Threat&#8221;</h2> <p>McCarthy&#8217;s concerns appeared different from the ones shared by the Federal Reserve Chairman Jerome Powell and US President Donald Trump said last week. The two criticized Libra for its potential to offer criminals a simple gateway to launder money, finance terrorists, and peddle drugs online. Tensions regarding the emerging cryptocurrency sector further escalated when Treasury Secretary Steven Mnuchin called cryptos a &#8220;national security threat&#8221; during a White House address on Monday.</p> <p><iframe title="Mnuchin holds briefing on regulating cryptocurrency" width="1778" height="1000" src="https://www.youtube.com/embed/zAICzg8ir50?feature=oembed" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p> <blockquote><p>“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking,” Mnuchin said. &#8220;I am not comfortable today with Facebook’s launch. They have a lot of work to do.&#8221;</p></blockquote> <p>Famous financial analyst Mati Greenspan commented later that the US could initiate a crackdown on the entire bitcoin industry using Libra as its motive.</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">Some light reading. These are the implications of declaring something a &quot;matter of national security,&quot; as the United States just called crypto.</p> <p>TL;DR &#8211; The President has supreme power to act unilaterally to neutralize the threat.<a href="https://t.co/BDgkFOs0Um" data-wpel-link="external" target="_blank" rel="nofollow noopener noreferrer">https://t.co/BDgkFOs0Um</a></p> <p>&mdash; Mati Greenspan (@MatiGreenspan) <a href="https://twitter.com/MatiGreenspan/status/1151051362353983490?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 16, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/i-like-bitcoin-not-facebook-libra-house-rep-kevin-mccarthy-admits/">&#8216;I Like Bitcoin&#8217; Not Facebook Libra, House Rep. Kevin McCarthy Admits</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Libra Vs. US Congress: All There Is to Know Ahead of Hearings https://cointelegraph.com/news/libra-vs-us-congress-all-there-is-to-know-ahead-of-hearings CoinTelegraph.Com News urn:uuid:c8e9ed2a-ba84-eeda-8b75-6ce1607a1c8c Tue, 16 Jul 2019 14:52:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mM2VmNWUwZWYyYmQ3ZWNhYTM5ZWY4ZTY5YjllZDllNi5qcGc=.jpg"><p>This week is key for Libra, as the U.S. congressional hearings are upon us. Here’s everything you should know about the regulatory pushback Facebook’s been getting</p> Arthur Hayes on Financial Privacy and the Possibility of BTC Hard Fork https://cointelegraph.com/news/arthur-hayes-on-financial-privacy-and-the-possibility-of-btc-hard-fork CoinTelegraph.Com News urn:uuid:a86ed85c-bcd3-e855-f139-91b659e130dc Tue, 16 Jul 2019 14:45:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xOWE2ZGIwMjVkM2JjOTY2NDNiODQ2MWQxMTYxOWI5NS5qcGc=.jpg"><p>BitMEX’s Arthur Hayes thinks Bitcoin could achieve financial privacy only by a hard fork</p> Bitcoin Bears Start to Stir as BTC Falls Closer to $10k https://www.newsbtc.com/2019/07/16/bitcoin-bears-start-to-stir-as-btc-falls-closer-to-10k/ NEWSBTC urn:uuid:590ddd88-a7dd-d067-4774-0f6d398306e9 Tue, 16 Jul 2019 14:00:44 +0000 <p>The US Treasury Secretary speech yesterday was largely considered as bullish for Bitcoin by those in the industry. BTC itself moved six percent back up to touch $11k but it has since slid back and is in danger of falling back to the crucial $10,000 level today. Bitcoin Bears Awakening Bitcoin’s gains over the past<a class="read-more" href="https://www.newsbtc.com/2019/07/16/bitcoin-bears-start-to-stir-as-btc-falls-closer-to-10k/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/bitcoin-bears-start-to-stir-as-btc-falls-closer-to-10k/">Bitcoin Bears Start to Stir as BTC Falls Closer to $10k</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>The US Treasury Secretary speech yesterday was largely considered as bullish for Bitcoin by those in the industry. BTC itself moved six percent back up to touch $11k but it has since slid back and is in danger of falling back to the crucial $10,000 level today.</p> <h2>Bitcoin Bears Awakening</h2> <p>Bitcoin’s gains over the past 24 hours are gradually being eroded again as the Asian trading session slips into the US, which is usually the more bearish. From an intraday high of <a href="https://www.newsbtc.com/2019/07/16/bitcoin-dominance-taps-70-in-recovery-rally-are-altcoins-dead/" data-wpel-link="internal">just over $11,000</a>, BTC has declined back to just below $10,500 at the time of writing. With a failure to break resistance further losses are looking likely.</p> <div id="attachment_390043" style="width: 800px" class="wp-caption alignnone"><a href="https://www.newsbtc.com/wp-content/uploads/2019/07/btcchart1707.jpg" data-wpel-link="internal"><img aria-describedby="caption-attachment-390043" class="size-full wp-image-390043" src="https://www.newsbtc.com/wp-content/uploads/2019/07/btcchart1707.jpg" alt="bitcoin" width="800" height="550" /></a><p id="caption-attachment-390043" class="wp-caption-text">BTC price 24 hours. Coinmarketcap.com</p></div> <p>Daily volume has fallen off marginally as the digital asset continues to make lower highs and lower lows. The head and shoulders pattern appears to be playing out though there has yet to be a sustained break of the neckline.</p> <p>Analyst and trader, Josh Rager, has been eyeing the four hour chart noting that support has been broken twice with the next level at just below $10,200.</p> <blockquote><p>“A quick drop in price over the last two candles with the area to watch as support at $10,191. On the 4 hour chart, as long as it closes above that level it will continue to make higher-lows and maintain a ranging pattern. Close below that area and it&#8217;s bearish.”</p></blockquote> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> Price Update</p> <p>A quick drop in price over the last two candles with the area to watch as support at $10,191</p> <p>On the 4 hour chart, as long as it closes above that level it will continue to make higher-lows and maintain a ranging pattern</p> <p>Close below that area and it&#39;s bearish <a href="https://t.co/IHwxb1SG4v" data-wpel-link="external" target="_blank" rel="nofollow noopener noreferrer">pic.twitter.com/IHwxb1SG4v</a></p> <p>&mdash; Josh Rager <img src="https://s.w.org/images/core/emoji/12.0.0-1/72x72/1f4c8.png" alt=" Waves CEO Sells His Stake in Blockchain Spin-Off Vostok https://cointelegraph.com/news/waves-ceo-sells-his-stake-in-blockchain-spin-off-vostok CoinTelegraph.Com News urn:uuid:95ab4bde-466d-35a7-e0b0-ce902db307cd Tue, 16 Jul 2019 13:51:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yZjQxZGQzZDRhZDYzZGI5MGUwYjZjMDkwNDYzZTA2Ny5qcGc=.jpg"><p>Waves founder and CEO has sold his stake in the firm’s blockchain project Vostok, with GHP Group becoming the sole owner</p> World Economic Forum Report: 6 Ways to Evaluate Blockchain Benefits https://cointelegraph.com/news/world-economic-forum-report-6-ways-to-evaluate-blockchain-benefits CoinTelegraph.Com News urn:uuid:2059e4c4-c242-5d15-a9e0-0772fece2bdb Tue, 16 Jul 2019 13:03:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy83ZWNkOTljMmQxMzg5YmVhNDBjYjUwMjBjZTdmMTFkYS5qcGc=.jpg"><p>The World Economic Forum shared with Cointelegraph a newly released guide for the evaluation of the benefits of blockchain applications</p> US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan https://www.newsbtc.com/2019/07/16/us-is-about-to-crackdown-on-entire-bitcoin-industry-mati-greenspan/ NEWSBTC urn:uuid:dbcacabe-1d6b-7bd5-6a2f-4fdd9f2a5690 Tue, 16 Jul 2019 13:00:53 +0000 <p>The United States government is about to crack down on the entire bitcoin industry, according to Mati Greenspan of eToro. The senior market analyst tweeted on Monday that Treasury Secretary Steven Mnuchin&#8217;s remarks on Facebook&#8217;s controversial payment project, Libra, is alarming for the entire cryptocurrency sector. Mnuchin in his latest briefing at the White House<a class="read-more" href="https://www.newsbtc.com/2019/07/16/us-is-about-to-crackdown-on-entire-bitcoin-industry-mati-greenspan/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/us-is-about-to-crackdown-on-entire-bitcoin-industry-mati-greenspan/">US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>The United States government is about to crack down on the entire bitcoin industry, according to <a href="https://www.newsbtc.com/2019/05/13/bitcoin-btc-clears-7500-this-is-just-the-beginning-mati-greenspan/" data-wpel-link="internal">Mati Greenspan</a> of eToro.</p> <p>The senior market analyst tweeted on Monday that Treasury Secretary Steven Mnuchin&#8217;s remarks on Facebook&#8217;s controversial payment project, Libra, is alarming for the entire cryptocurrency sector. Mnuchin in his latest briefing at the White House called cryptocurrencies like bitcoin a &#8220;national security threat,&#8221; adding that the Trump administration is not comfortable with Facebook&#8217;s foray into the digital payment sector with Libra.</p> <p>Greenspan interpreted Mnuchin&#8217;s statements as a signal of a broader breakdown on cryptocurrencies. The concerns about the &#8220;national security&#8221; give the US President more powers at state and federal levels. The additional privileges mean the president is not answerable to reporting or oversight from the state. That mainly creates trouble for the bitcoin industry, as it lands under the shadow of the <a href="https://www.whitehouse.gov/nsc/" rel="noopener noreferrer nofollow" data-wpel-link="external" target="_blank">National Security Council</a> itself.</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">Some light reading. These are the implications of declaring something a &quot;matter of national security,&quot; as the United States just called crypto.</p> <p>TL;DR &#8211; The President has supreme power to act unilaterally to neutralize the threat.<a href="https://t.co/BDgkFOs0Um" data-wpel-link="external" target="_blank" rel="nofollow noopener noreferrer">https://t.co/BDgkFOs0Um</a></p> <p>&mdash; Mati Greenspan (@MatiGreenspan) <a href="https://twitter.com/MatiGreenspan/status/1151051362353983490?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 16, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Greenspan suggested that banning or putting additional control over bitcoin would yield nothing. The statement appeared in the wake of the cryptocurrency&#8217;s non-sovereign features. Soon after its launch in 2009, bitcoin became famous for envisioning a payment system that is free from the control of central banks and governments. Even China and India, which earlier imposed a blanket ban on bitcoin trading, could not do much in enforcing it since the entire crypto trading market had gone underground.</p> <blockquote><p>&#8220;Sorry Mr. President, you can&#8217;t build a wall around Bitcoin,&#8221; said Greenspan.</p></blockquote> <h2>Beef against Facebook</h2> <p>On Monday, Mnuchin mentioned the use of bitcoin in facilitating illicit activities like terrorist financing, tax evasions, and human trafficking. Nevertheless, the Treasury Secretary&#8217;s focus remained mostly on Libra as he expressed similar concerns about its potential misuse.</p> <div class="css-53u6y8"> <blockquote> <p class="css-exrw3m evys1bk0">“The Treasury Department has expressed very serious concerns that Libra could be misused by money launderers and terrorist financiers,” he said, adding that they &#8220;will not tolerate the use of the cryptocurrencies in support of illicit activities.”</p> </blockquote> <p><iframe title="Mnuchin holds briefing on regulating cryptocurrency" width="1778" height="1000" src="https://www.youtube.com/embed/zAICzg8ir50?feature=oembed" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p> <p>Mnuchin primarily described cryptocurrencies as a consumer protection issue, not a threat to the financial system. The comments followed a much-publicized data scandal that originated at Facebook&#8217;s social media platform. The firm allegedly assisted Cambridge Analytica, a British political consulting firm, in harvesting the personal data of millions of Facebook users without their consent. Co-founder Mark Zuckerburg had to appear before the US Congress to apologize. He later proposed to pay $5 billion in fine to the Federal Trade Commission.</p> <h2>Bitcoin a Collateral Damage</h2> <p>The Libra project came under the scrutiny for the very same reasons. Politicians don&#8217;t trust Facebook when it comes to securing financial data of its 2 billion users. Meanwhile, Libra borrows hugely from the bitcoin technology, the decentralized cryptocurrency also gains limelight, even for all the wrong reasons.</p> <p>&#8220;This attack seems to be targeted at Libra and not at bitcoin, but there&#8217;s no doubt they&#8217;re about to crackdown on the entire industry,&#8221; explained Greenspan, adding that bitcoin trading on Wall Street is still on the table.</p> <blockquote><p>&#8220;Mnuchin confirms, bitcoin speculation is OK, they&#8217;re want to target the &#8220;illicit&#8221; use of crypto,&#8221; he said.</p></blockquote> </div> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/us-is-about-to-crackdown-on-entire-bitcoin-industry-mati-greenspan/">US is About to Crackdown on Entire Bitcoin Industry: Mati Greenspan</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> EY Spearheads Blockchain Tracking Platform for German Logistics Firms https://cointelegraph.com/news/ey-spearheads-blockchain-tracking-platform-for-german-logistics-firms CoinTelegraph.Com News urn:uuid:a7c897b6-11c9-7cef-aed9-ff4215bad484 Tue, 16 Jul 2019 12:54:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xNjg4OWQ2Nzc5MDQ3ZDhjMzk0YzNlYzljNjNhMGQ5OS5qcGc=.jpg"><p>An alliance of German logistics firms is working to jointly create a blockchain tracking platform with the guidance of big four auditing firm Ernst & Young</p> Municipal Crypto Spreading Around the World, From California to Dubai https://cointelegraph.com/news/municipal-crypto-spreading-around-the-world-from-california-to-dubai CoinTelegraph.Com News urn:uuid:2983286e-3913-f55c-42f1-e818d2cfcef1 Tue, 16 Jul 2019 12:39:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kOWM4OTI5ZThhZjA4MTZmOTgxZjkyNDhkMGE3OGViYS5qcGc=.jpg"><p>From Berkeley to Catalonia to Dubai, cities are exploring how to incorporate cryptocurrencies into their governance</p> US Committee Plans to Ban Facebook Cryptocurrency Libra https://www.newsbtc.com/2019/07/16/us-committee-plans-to-ban-facebook-cryptocurrency-libra/ NEWSBTC urn:uuid:771173bd-c19b-24e4-a094-190c0cf02afe Tue, 16 Jul 2019 12:00:30 +0000 <p>The House Financial Services Committee in the United States is set to discuss the future of Facebook&#8217;s upcoming cryptocurrency, Libra, on Wednesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services. Titled &#8220;Keep Big Tech<a class="read-more" href="https://www.newsbtc.com/2019/07/16/us-committee-plans-to-ban-facebook-cryptocurrency-libra/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/us-committee-plans-to-ban-facebook-cryptocurrency-libra/">US Committee Plans to Ban Facebook Cryptocurrency Libra</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>The House Financial Services Committee in the United States is set to discuss the future of Facebook&#8217;s upcoming cryptocurrency, <a href="https://www.newsbtc.com/2019/07/14/us-govt-sees-libra-as-a-bigger-threat-than-bitcoin-messari-ceo/" data-wpel-link="internal">Libra</a>, on Wednesday.</p> <p>The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services. Titled &#8220;Keep Big Tech Out of Finance Act,&#8221; Waters&#8217; bill also discussed the possibility of imposing hefty fines – of as much as $1 million per day – on offenders.</p> <blockquote><p>“A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as a medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,” the bill reads.</p></blockquote> <h2>Big Firms Kept Out of Finance</h2> <p>The proposed legislation follows weeks of outcry over Facebook&#8217;s plan to launch a parallel financial ecosystem. The social media giant in June announced Calibra, a payment project backed by the same technology that powers controversial cryptocurrency bitcoin. Lawmakers and regulators jointly opposed Facebook for allegedly attempting to bypass federal systems. Waters, in particular, asked Facebook to stop developing Calibra until further notice.</p> <blockquote><p>“If products and services like these are left improperly regulated and without sufficient oversight, they could pose systemic risks that endanger the US and global financial stability,” Water explained. “These vulnerabilities could be exploited and obscured by bad actors, as other cryptocurrencies, exchanges, and wallets have been in the past.”</p></blockquote> <p><iframe title="Rep. Maxine Waters on Fed independence and Facebook&#039;s Libra" width="1778" height="1000" src="https://www.youtube.com/embed/CGgFCEfQCfI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p> <p>The first draft of the &#8220;Keep Big Tech Out of Finance Act&#8221; maximized Waters&#8217; stance on the marriage of big technology firms and finance. The congresswoman explicitly proposed that companies with an annual turnover of $25 billion and more should refrain from stepping into the finance industry. She further advised keeping companies that are online marketplaces, exchanges, or platforms that connect third parties to avoid developing financial solutions.</p> <p>The proposed legislation is likely to bring technology giants like Apple, Google, Amazon, Facebook, and Microsoft, under the US financial regulators&#8217; watch.</p> <h2>Facebook Responds</h2> <p>David Marcus, the head of Calibra, is set to appear before the banking committee on Wednesday. In <a href="https://www.banking.senate.gov/imo/media/doc/Marcus%20Testimony%207-16-19.pdf" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">a prepared testimony</a> published on Monday, Marcus said they would not launch Libra until they receive approval from all the concerned financial regulatory agencies.</p> <div class="page" title="Page 1"> <div class="layoutArea"> <div class="column"> <blockquote><p>&#8220;I expect that this will be the broadest, most extensive, and most careful pre-launch oversight by regulators and central banks in FinTech’s history,&#8221; wrote Marcus. &#8220;We know we need to take the time to get this right. And I want to be clear: Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals.&#8221;</p></blockquote> <p>Last week, Federal Chairman Jerome Powell and US President Donald Trump had also <a href="https://www.newsbtc.com/2019/07/15/bitcoin-ban-in-the-u-s-is-feasible-says-analyst-following-trumps-tweet/" data-wpel-link="internal">expressed</a> concerns over the Facebook payment project.</p> </div> </div> </div> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/us-committee-plans-to-ban-facebook-cryptocurrency-libra/">US Committee Plans to Ban Facebook Cryptocurrency Libra</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Binance Wants to Open a New Local Exchange in South Korea: Report https://cointelegraph.com/news/binance-wants-to-open-a-new-local-exchange-in-south-korea-report CoinTelegraph.Com News urn:uuid:efdcda01-4084-29c7-2ec7-cb6525a45661 Tue, 16 Jul 2019 11:50:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mZWE2NzQzOTBmYWFjNjRmZjdiOTE4NjVlNDM0MGEwOS5qcGc=.jpg"><p>Binance is in talks with local partners in South Korea for potential launch of a new subsidiary, according to a local report</p> Why Bitcoin Investors Are Taking the U.S. Treasury’s Crypto Quip in Stride https://www.newsbtc.com/2019/07/16/why-bitcoin-investors-taking-us-treasury-crypto-quip-stride/ NEWSBTC urn:uuid:cd41d845-d77c-17ea-3cd9-1c0d58a5298e Tue, 16 Jul 2019 11:00:20 +0000 <p>Just five years ago, Bitcoin (BTC) being mentioned by some of the biggest names in finance and politics was a quixotic dream. Now, this dream is coming to a reality. Ever since the cryptocurrency market rebounded in late-2018, investors, politicians, and technologists have begun to realize that Bitcoin is not going to die. And thus,<a class="read-more" href="https://www.newsbtc.com/2019/07/16/why-bitcoin-investors-taking-us-treasury-crypto-quip-stride/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/why-bitcoin-investors-taking-us-treasury-crypto-quip-stride/">Why Bitcoin Investors Are Taking the U.S. Treasury&#8217;s Crypto Quip in Stride</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>Just five years ago, <a href="https://www.newsbtc.com/category/crypto/bitcoin/" data-wpel-link="internal">Bitcoin</a> (BTC) being mentioned by some of the <a href="https://www.newsbtc.com/2019/07/12/bitcoin-becomes-geo-political-chess-piece-as-global-leaders-air-their-opinions-on-crypto/" data-wpel-link="internal">biggest names in finance and politics</a> was a quixotic dream. Now, this dream is coming to a reality.</p> <p>Ever since the cryptocurrency market rebounded in late-2018, investors, politicians, and technologists have begun to realize that Bitcoin is not going to die. And thus, they&#8217;ve sprung out of the woodwork to issue comments on the matter.</p> <h6 style="text-align: center">Related Reading: <a href="https://www.newsbtc.com/2019/07/15/canada-property-tax-crypto/" data-wpel-link="internal">A City in Canada to Accept Crypto Assets for Tax After Council Approval, Bolstering Adoption</a></h6> <p>Just a week after one of the world&#8217;s most powerful individuals, U.S. President Donald Trump, dropped the &#8220;Bitcoin&#8221; bomb, Steven Mnuchin did too.</p> <p>As<a href="https://www.newsbtc.com/2019/07/15/us-treasury-crypto-warns-unlawful/" data-wpel-link="internal"> reported by NewsBTC previously</a>, the American Treasury Secretary was fairly bearish on cryptocurrencies, mentioning their ability to be used by criminals for illicit activities, like money laundering, the sale of illicit drugs, and hacking.</p> <p>With this in mind, Mnuchin dubbed cryptocurrencies, like Bitcoin, a “national security issue”, keeping his statement blunt.</p> <p>He went on to conclude that companies dealing with this asset class should comply by the rules that many &#8220;traditional financial institutions&#8221; abide by. Mnuchin explained:</p> <blockquote><p>&#8220;The United States Treasury has been very clear to Facebook, to Bitcoin users, and to other providers of digital financial services that they must implement the same [rules] as traditional financial institutions. The rules governing money-service providers apply to physical and electronic transactions alike.&#8221;</p></blockquote> <p>Overall, this may seem bearish. But, many analysts and investors have taken this comment in stride. In fact, the cryptocurrency <a href="https://www.newsbtc.com/2019/07/16/crypto-market-and-bitcoin-facing-many-hurdles-bch-bnb-eos-trx-analysis/" data-wpel-link="internal">market </a>is up in the past 24 hours, <a href="https://www.newsbtc.com/2019/07/15/bitcoin-could-fall-by-20-to-bottom-around-8000-network-value-model/" data-wpel-link="internal">not cratering</a> as some bearish traders expect.</p> <p>Why so?</p> <h2><strong>Then They Fight You</strong></h2> <p>As Yan Pritzker, the founder of Inventing Bitcoin, notes, as it stands, BTC&#8217;s market capitalization is 6% that of M0 (base money supply) of the U.S. Dollar.</p> <p>He <a href="https://twitter.com/skwp/status/1150854739208429575" data-wpel-link="exclude" target="_blank" rel="follow noopener">notes</a> that the fact that Donald Trump and Mnuchin have felt the need to address Bitcoin, despite the fact that it is such a relatively small asset, confirms that BTC is actually growing.</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">Bitcoin’s market cap is 6% of the USD M0 money supply. That the president and treasury secretary feel compelled to speak out about it at this point validates that we have firmly departed the “then they laugh at you” phase.</p> <p>&mdash; Yan Pritzker (@skwp) <a href="https://twitter.com/skwp/status/1150854739208429575?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 15, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Referring to the four phases of adoption — ignoring, laughing, fighting, and winning — Pritzker notes that the recent press conference on cryptocurrencies confirm that Bitcoin has &#8220;firmly departed the &#8216;then they laugh at you&#8217; phase.&#8221; You see, the government wouldn&#8217;t be fighting back if they didn&#8217;t see BTC as a threat.</p> <p>Digital Currency Group&#8217;s <a href="https://www.newsbtc.com/?s=barry+silbert&amp;lang=en" data-wpel-link="internal">Barry Silbert echoed</a> these thoughts, noting that Mnuchin&#8217;s surprise address about this budding asset class is a &#8220;complete and total validation of Bitcoin.&#8221;</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">Complete and total validation of bitcoin</p> <p>&mdash; Barry Silbert (@barrysilbert) <a href="https://twitter.com/barrysilbert/status/1150831213696999425?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 15, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Indeed, with the Treasury now eyeing the cryptocurrency space, it would be hard to deny that Bitcoin and its ilk are not a global trend that needs to be addressed.</p> <h2><strong>Bitcoin Acknowledges as &#8220;Store of Value&#8221;</strong></h2> <p>What&#8217;s more, during his presentation and Q&amp;A session, Mnuchin purportedly gave Bitcoin a nod as a speculative store of value. If true, this would mark a massive step forward in the public&#8217;s knowledge of the cryptocurrency.</p> <p>You see, for most of the asset&#8217;s life so far, it has been deemed a criminal&#8217;s coin, used for nothing else but things that aren&#8217;t kosher. But, with Mnuchin acknowledging it as a viable asset, maybe even a proper store of value, it becomes validated in the eyes of millions of American citizens.</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">The Chairman of the Fed and the Treasury Security both agree that Bitcoin is a speculative store of value. </p> <p>Both of them, along with the President, agree that Libra and Bitcoin are two very different things. </p> <p>Wildly bullish.</p> <p>&mdash; Travis Kling (@Travis_Kling) <a href="https://twitter.com/Travis_Kling/status/1150835737706807298?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 15, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>This comes shortly after Jerome Powell of the Federal Reserve made a<a href="https://www.newsbtc.com/2019/07/11/no-bitcoin-did-not-drop-because-of-feds-concerns-with-facebooks-libra/" data-wpel-link="internal"> similar comment</a> in front of a group of lawmakers.</p> <p>The fact that two of the most important individuals in American finance gave Bitcoin their thumbs up as a store of value, a volatile one that is, shows that the mainstream is starting to understand this revolution in technology and finance. This is &#8220;wildly bullish&#8221; according to Ikigai&#8217;s Travis Kling.</p> <h2><strong>Drops Chance of Crypto Ban to Near-Zero</strong></h2> <p>Also importantly, industry researcher Alex Kruger believes that the odds of there being a U.S. “Bitcoin ban dropped from extremely low to almost zero” following this press conference. Kruger dubbed Mnuchin’s comments a “nothing burger”, presumably because what was said could be classified as givens.</p> <p>The analyst is presumably mentioning this because Mnuchin basically stated that as long as users and firms comply by the rules, Bitcoin is fine by the Treasury.</p> <pre>Featured Image from Shutterstock</pre> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/why-bitcoin-investors-taking-us-treasury-crypto-quip-stride/">Why Bitcoin Investors Are Taking the U.S. Treasury&#8217;s Crypto Quip in Stride</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> IMF: Network Effects Could Spark Blaze of Digital Money Adoption https://cointelegraph.com/news/imf-network-effects-could-spark-blaze-of-digital-money-adoption CoinTelegraph.Com News urn:uuid:03c4aece-ff21-ab4d-f992-f41c6f30ba4d Tue, 16 Jul 2019 10:52:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jYmI3ZTZlZWVkNzM0MTkyOGNlYTAzYzQ0MjBkYmY2NS5qcGc=.jpg"><p>The International Monetary Fund has argued that network effects could spark the blaze for the mass adoption of new digital monies</p> Bitcoin Suisse Applies for a Banking License in Switzerland https://cointelegraph.com/news/bitcoin-suisse-applies-for-a-banking-license-in-switzerland CoinTelegraph.Com News urn:uuid:155c9844-6615-d50f-d9a0-d44c4d4b2877 Tue, 16 Jul 2019 10:26:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9iZGEyMWY1NWY2MDFjZjc2NmVkZTQ3NjY1OWQwNGZlZi5qcGc=.jpg"><p>Bitcoin Suisse aims to carry out banking operations</p> Canadian Town Says Yes to Accepting Bitcoin for Property Taxes https://cointelegraph.com/news/canadian-town-says-yes-to-accepting-bitcoin-for-property-taxes CoinTelegraph.Com News urn:uuid:0a138810-9d57-c0ef-d1aa-341abefdd9a9 Tue, 16 Jul 2019 09:15:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jMjYwNTU5NWI3NWQ4N2MxYmUwNDhkODgwNGVkZDliOS5qcGc=.jpg"><p>Canadian trading platform operator Coinberry has struck its second municipal partnership to provide crypto payments processing for property taxes</p> Mnuchin Crypto Speech Was Total Validation of Bitcoin: Barry Silbert https://cointelegraph.com/news/mnuchin-crypto-speech-was-total-validation-of-bitcoin-barry-silbert CoinTelegraph.Com News urn:uuid:c71d05a4-4180-15ac-8f5b-90368c4d4084 Tue, 16 Jul 2019 08:53:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80MjRjOGM2MTFmZjJkZjA4MzQ3MjM0ODhkMjMyYTZmMy5qcGc=.jpg"><p>Bitcoin industry unimpressed by Steven Mnuchin’s press conference</p> Bitpoint Reveals Amounts Stolen, Pledging to Reimburse Users in Crypto https://cointelegraph.com/news/bitpoint-reveals-amounts-stolen-pledging-to-reimburse-users-in-crypto CoinTelegraph.Com News urn:uuid:cfa77bd1-e744-4bea-bf9a-08bb81e8309b Tue, 16 Jul 2019 08:27:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZmZhYzE2ZjlmMjlhMDE0ZjFlMzg3YjZhNTU5NDFkZC5qcGc=.jpg"><p>Japanese exchange Bitpoint has published the breakdown of crypto assets stolen in the $27.8 million hack of its platform earlier this month</p> Bitcoin Price Eyes $11,000 After Mnuchin Speech and Possible ‘Bear Trap’ https://cointelegraph.com/news/bitcoin-price-eyes-11-000-after-mnuchin-speech-and-possible-bear-trap CoinTelegraph.Com News urn:uuid:93567e58-52c8-f1cd-ec23-42360a71f116 Tue, 16 Jul 2019 08:13:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yNDUxYTNiMWI3M2I4YmViMGQ2NWFiNjViN2M3YjU1Yi5qcGc=.jpg"><p>Altcoins still bear the brunt of losses as Bitcoin slowly recovers</p> EY: Blockchain Not Understood by Almost 70% of Firms in Asia-Pacific https://cointelegraph.com/news/ey-blockchain-not-understood-by-almost-70-of-firms-in-asia-pacific CoinTelegraph.Com News urn:uuid:a271440b-c97d-5cb0-2ff9-067acd2c091c Tue, 16 Jul 2019 07:36:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zYWM4MzY2NmFhMjkwYjI3ZWQ0ZjRlZmY0MGFjNjQxMS5qcGc=.jpg"><p>Over two-thirds of enterprises in the Asia-Pacific region lack a solid understanding of blockchain tech and how to apply it, a new EY poll reveals</p> Bitcoin Dominance Taps 70% in Recovery Rally, Are Altcoins Dead? https://www.newsbtc.com/2019/07/16/bitcoin-dominance-taps-70-in-recovery-rally-are-altcoins-dead/ NEWSBTC urn:uuid:ecc54613-928f-1bf5-fa9c-ef2c12368cfd Tue, 16 Jul 2019 07:00:23 +0000 <p>Bitcoin has made a bit of a recovery today in the wake of comments by US Treasury Secretary Steve Mnuchin. The 8 percent pump has left altcoins in the digital dust again as BTC market share knocks on the door of 70 percent. Bitcoin Briefly Back at $11,000 This time yesterday Bitcoin was trading very<a class="read-more" href="https://www.newsbtc.com/2019/07/16/bitcoin-dominance-taps-70-in-recovery-rally-are-altcoins-dead/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/bitcoin-dominance-taps-70-in-recovery-rally-are-altcoins-dead/">Bitcoin Dominance Taps 70% in Recovery Rally, Are Altcoins Dead?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>Bitcoin has made a bit of a recovery today in the wake of comments by US Treasury Secretary Steve Mnuchin. The 8 percent pump has left altcoins in the digital dust again as BTC market share knocks on the door of 70 percent.</p> <h2>Bitcoin Briefly Back at $11,000</h2> <p>This time yesterday Bitcoin was trading very close to $10k after falling below it briefly on Sunday. The king of crypto started to recover during US trading when it tapped $11,000 once again. There was no big dump from resistance and <a href="https://www.newsbtc.com/2019/07/16/bitcoin-price-btc-trading-near-inflection-point/" data-wpel-link="internal">BTC has remained higher</a> than Monday’s levels, trading at around $10,800 at the moment.</p> <p>Long term trader ‘CryptoFibonacci’ has been eyeing the charts for possible areas of support and resistance and it is clear that just below $11k is one of them. The 50 day moving average is also key and this held during the big selloff over the past couple of days.</p> <blockquote><p>“The 38.2 Fib retrace, 10 and 20 ema&#8217;s are major resistance. So, it&#8217;s pretty simple to me. Get past this, or else.”</p></blockquote> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> Daily Chart (Coinbase exchange).</p> <p>The 38.2 Fib retrace, 10 and 20 ema&#39;s are major resistance. So, it&#39;s pretty simple to me. Get past this, or else.<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">#BTC</a> <a href="https://t.co/PYiFnrRZPC" data-wpel-link="external" target="_blank" rel="nofollow noopener noreferrer">pic.twitter.com/PYiFnrRZPC</a></p> <p>&mdash; CryptoFibonacci (@CryptoFib) <a href="https://twitter.com/CryptoFib/status/1150928559403360257?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 16, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Zooming out still shows an ominous head and shoulders pattern which is traditionally a bearish trend reversal indicator. That said, over the past three months Bitcoin has defied most technical analysis and done its own thing.</p> <h2>BTC Dominance High Is The Norm</h2> <p>Today’s 8 percent pump has lifted market dominance to 69.75% according to <a href="https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/" data-wpel-link="exclude" target="_blank" rel="follow noopener">Tradingview.com</a>. This equals the high in early December 2017 as Bitcoin was winding up to its big run up to ATH. The previous high was back in July 2017 when market share tapped 77.5%, and before then BTC was the only cryptocurrency.</p> <div id="attachment_389970" style="width: 1445px" class="wp-caption alignnone"><a href="https://www.newsbtc.com/wp-content/uploads/2019/07/btcdomalltime.jpg" data-wpel-link="internal"><img aria-describedby="caption-attachment-389970" class="size-full wp-image-389970" src="https://www.newsbtc.com/wp-content/uploads/2019/07/btcdomalltime.jpg" alt="bitcoin" width="1445" height="840" /></a><p id="caption-attachment-389970" class="wp-caption-text">BTC dominance. Coinmarketcap</p></div> <p>Trader and Analyst Luke Martin has pointed out that a high Bitcoin dominance is the norm for crypto markets. For most of its history Bitcoin has dominated over 90% of the market, only in March 2017 did this start to change with the rise of Ethereum and other altcoins.</p> <blockquote><p>“$BTC dominance less than 50-60% is rare when comparing to historical average ~ 80%. I expect alt windows to keep happening, but it’s important to note $BTC making up larger share of crypto market is the norm &#8211; not the outlier. Alts make a great trade when the macro trend is up.”</p></blockquote> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> dominance less than 50-60% is rare when comparing to historical average ~ 80%.</p> <p>I expect alt windows to keep happening, but it’s important to note <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> making up larger share of crypto market is the norm &#8211; not the outlier.</p> <p>Alts make a great trade when the macro trend is up. <a href="https://t.co/ixUmWNm3gw" data-wpel-link="external" target="_blank" rel="nofollow noopener noreferrer">https://t.co/ixUmWNm3gw</a></p> <p>&mdash; Luke Martin (@VentureCoinist) <a href="https://twitter.com/VentureCoinist/status/1150914097170567169?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">July 15, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>At the moment the altcoins are still on the floor, very few have made any effort at recovery from yesterday’s <a href="https://www.newsbtc.com/2019/07/15/crypto-markets-crash-35-billion-as-bitcoin-revisits-double-digits/" data-wpel-link="internal">altcoin apocalypse</a>. Total crypto market capitalization is $13 billion heavier today but that is nearly all Bitcoin’s doing.</p> <p>Only Bitcoin’s two siblings, BCH and BSV are making any substantial moves today as the rival coins add around 10 percent each climbing to $310 and $130 respectively.</p> <pre>Image from Shutterstock</pre> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/bitcoin-dominance-taps-70-in-recovery-rally-are-altcoins-dead/">Bitcoin Dominance Taps 70% in Recovery Rally, Are Altcoins Dead?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery https://www.newsbtc.com/2019/07/16/bitcoin-price-btc-trading-near-inflection-point/ NEWSBTC urn:uuid:39dd3121-dc59-cec6-873b-2e53ad520697 Tue, 16 Jul 2019 06:00:14 +0000 <p>Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar. The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery. Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from<a class="read-more" href="https://www.newsbtc.com/2019/07/16/bitcoin-price-btc-trading-near-inflection-point/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/bitcoin-price-btc-trading-near-inflection-point/">Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li>Bitcoin price started a decent upside correction after trading as low as $9,784 against the US Dollar.</li> <li>The price traded above the $10,500 and $10,800 resistance levels to start the recent recovery.</li> <li>Yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).</li> <li>The price is now facing a strong resistance near the $11,000 and $11,100 resistance levels.</li> </ul> <p><em>Bitcoin price started a strong recovery above $10,500 against the US Dollar. However, BTC is still struggling to settle above $11,000 and it could resume its decline in the near term.</em></p> <h2>Bitcoin Price Analysis</h2> <p>Recently, we saw a <a href="https://www.newsbtc.com/2019/07/15/bitcoin-price-btc-8800-bearish-target-could-be-real/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">significant decline</a> in bitcoin price below the $11,000 support against the US Dollar. The BTC/USD pair also spiked below the $10,000 support and settled below the 100 hourly simple moving average. A new monthly low was formed near $9,784 and the price recently started an upside correction. There was a strong upward move above the $10,300 and $10,500 resistance levels.</p> <p>Moreover, the price traded above the 23.6% Fib retracement level of the last key drop from the $11,923 high to $9,784 low. Additionally, yesterday’s highlighted major bearish trend line was breached with resistance near $10,680 on the hourly chart of the BTC/USD pair. The pair even spiked above the 50% Fib retracement level of the last key drop from the $11,923 high to $9,784 low.</p> <p>However, the price struggled to hold gains above the $11,000 resistance level. It seems like the $11,100 level and the 100 hourly SMA acted as a hurdle. Besides, the 61.8% Fib retracement level of the last key drop from the $11,923 high to $9,784 low also <a href="https://www.newsbtc.com/2019/07/14/bitcoin-btc-price-weekly-forecast-risk-of-extended-drop-to-8880/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">prevented gains</a>. At the moment, the price is correcting gains below the $10,900 level. It seems like there is a breakout pattern forming with resistance near $11,100 on the same chart.</p> <p>If there is a successful close above the $11,100 resistance and the 100 hourly SMA, there could be a convincing upward move towards the $11,500 resistance. Conversely, if there is no close above $11,000 and $11,100, the price is likely to resume its slide in the near term.</p> <p><a href="https://www.newsbtc.com/wp-content/uploads/2019/07/Bitcoin-15.png" data-wpel-link="internal"><img class="alignnone size-full wp-image-389961" src="https://www.newsbtc.com/wp-content/uploads/2019/07/Bitcoin-15.png" alt="Bitcoin Price Analysis BTC Chart" width="1828" height="868" /></a></p> <p>Looking at the <a href="https://www.tradingview.com/symbols/XBTUSD/" target="_blank" rel="noopener noreferrer follow" data-wpel-link="exclude">chart</a>, bitcoin price is clearly facing a strong resistance near the $11,000 and $11,100 levels. As long as the price is below $11,100 and the 100 hourly SMA, the bears remain in control. Therefore, BTC is likely to resume its downward move.</p> <p>Technical indicators:</p> <p>Hourly MACD – The MACD is about to move back in the bearish zone.</p> <p>Hourly RSI (Relative Strength Index) – The RSI for BTC/USD settled above the 50 level, but it lacking momentum.</p> <p>Major Support Levels – $10,500 followed by $10,000.</p> <p>Major Resistance Levels – $11,000, $11,100 and $11,500.</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/bitcoin-price-btc-trading-near-inflection-point/">Bitcoin Price (BTC) Trading Near Inflection Point After Recent Recovery</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis https://www.newsbtc.com/2019/07/16/crypto-market-and-bitcoin-facing-many-hurdles-bch-bnb-eos-trx-analysis/ NEWSBTC urn:uuid:9ed2184b-e8de-aa6f-eb08-6f5cbee813e7 Tue, 16 Jul 2019 05:00:58 +0000 <p>The total crypto market cap recovered after it dived towards the $250.0B support area. Bitcoin price also corrected higher above the $10,500 and $10,800 resistance levels. EOS price is currently consolidating above the $4.100 support area. Binance Coin (BNB) settled below the $30.00 level and it is currently trading near $28.00. BCH price is up<a class="read-more" href="https://www.newsbtc.com/2019/07/16/crypto-market-and-bitcoin-facing-many-hurdles-bch-bnb-eos-trx-analysis/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/crypto-market-and-bitcoin-facing-many-hurdles-bch-bnb-eos-trx-analysis/">Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li>The total crypto market cap recovered after it dived towards the $250.0B support area.</li> <li>Bitcoin price also corrected higher above the $10,500 and $10,800 resistance levels.</li> <li>EOS price is currently consolidating above the $4.100 support area.</li> <li>Binance Coin (BNB) settled below the $30.00 level and it is currently trading near $28.00.</li> <li>BCH price is up more than 10% and it broke the $280 and $300 resistance levels.</li> <li>Tron (TRX) price is slowly recovering and it recently broke the $0.0250 resistance area.</li> </ul> <p><em>Bitcoin and the crypto market cap started a decent upside correction, but facing many hurdles. <a href="https://www.newsbtc.com/2019/07/16/ethereum-price-eth-remains-sell-despite-recent-bitcoin-recovery/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">Ethereum</a> (ETH), binance coin (BNB), BCH, <a href="https://www.newsbtc.com/2019/07/16/ripple-price-xrp-trading-near-make-or-break-levels/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">ripple</a>, tron (TRX), litecoin and EOS could resume their decline.</em></p> <h2>Bitcoin Cash Price Analysis</h2> <p>After a significant decline, BCH price found support near the $260 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the $275 and $280 resistance levels. The price is up more than 10% and it recently broke the $300 resistance level.</p> <p>The next resistance on the upside is near the $320 level. If the price fails to continue higher, it could decline once again towards the $280 support level in the near term.</p> <h2>Binance Coin (BNB), EOS, Tron (TRX) Price Analysis</h2> <p>EOS price spiked towards the $4.000 support area during the recent slide. Recently, the price started an upside correction and moved above $4.100. The price is currently consolidating near $4.200, with a strong resistance near the $4.400 and $4.450 levels. On the downside, the $4.100 and $4.000 levels are important supports for the current wave.</p> <p>Tron price declined heavily and even broke the $0.0240 support area. TRX price tested the $0.0230 level and it recently corrected higher. The price is now trading above the $0.0250 level, but it might struggle to move above the $0.0265 and $0.0272 resistance levels in the near term.</p> <p>Binance coin (BNB) settled below the key $30.00 support area. BNB price is now consolidating near the $28.00 level and it could struggle to climb above the $28.50 and $29.20 resistance levels. The main resistances are near the $30.00 and $30.20 levels.</p> <p><a href="https://www.newsbtc.com/wp-content/uploads/2019/07/Crypto-Market-Cap-Total-11.png" data-wpel-link="internal"><img class="alignnone size-full wp-image-389958" src="https://www.newsbtc.com/wp-content/uploads/2019/07/Crypto-Market-Cap-Total-11.png" alt="Bitcoin Crypto Market Cap Altcoins ETH, XRP, BCH, LTC, EOS, TRX, ADA, BNB" width="1828" height="868" /></a></p> <p>Looking at the total cryptocurrency market cap 4-hours <a href="https://www.tradingview.com/symbols/CRYPTOCAP-TOTAL/" target="_blank" rel="noopener noreferrer follow" data-wpel-link="exclude">chart</a>, there was a sharp decline below the $300.0B support area. The market cap even broke the $280.0B support and moved close to the $250.0B support area. A swing low was formed near $254.0B and the market cap recently recovered higher. It broke the $260.0B and $270.0B levels, but the previous support near the $280.0B and $285.0B levels acted as a strong hurdle. The current technical structure suggests that there could be more declines in the market cap. Therefore, bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX are likely to struggle to continue higher.</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/crypto-market-and-bitcoin-facing-many-hurdles-bch-bnb-eos-trx-analysis/">Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Ripple Price (XRP) Trading Near Make-or-Break Levels https://www.newsbtc.com/2019/07/16/ripple-price-xrp-trading-near-make-or-break-levels/ NEWSBTC urn:uuid:b2440918-2821-3d6c-a1cd-7769e8e340c1 Tue, 16 Jul 2019 04:08:52 +0000 <p>Ripple price found support near $0.2960 and recently recovered higher against the US dollar. The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area. The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair<a class="read-more" href="https://www.newsbtc.com/2019/07/16/ripple-price-xrp-trading-near-make-or-break-levels/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/ripple-price-xrp-trading-near-make-or-break-levels/">Ripple Price (XRP) Trading Near Make-or-Break Levels</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li>Ripple price found support near $0.2960 and recently recovered higher against the US dollar.</li> <li>The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area.</li> <li>The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken).</li> <li>The price must gain strength above $0.3200 and $0.3230 to continue higher in the near term.</li> </ul> <p><em>Ripple price is slowly recovering against the US Dollar, while bitcoin gained nearly 8%. XRP price is now facing a strong resistance near $0.3230, above which it could continue higher.</em></p> <h2>Ripple Price Analysis</h2> <p>Yesterday, we saw a sharp decline in <a href="https://www.newsbtc.com/2019/07/15/bitcoin-price-btc-8800-bearish-target-could-be-real/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">bitcoin</a> and <a href="https://www.newsbtc.com/2019/07/16/ethereum-price-eth-remains-sell-despite-recent-bitcoin-recovery/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">Ethereum</a>, pushing ripple price below $0.3200 against the US Dollar. The XRP/USD pair even spiked below the $0.3000 support and settled below the 100 hourly simple moving average. A new swing low was formed near $0.2960 and the price recently started an upside correction. It managed to move above the $0.3040 and $0.3050 resistance levels.</p> <p>Moreover, there was a break above the 23.6% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low. However, the price is facing a strong resistance near the $0.3200 and $0.3210 levels. Additionally, the bulls struggle to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair.</p> <p>The 50% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low is also near the $0.3230 level to act as a strong resistance. Above $0.3230, the 100 hourly SMA is positioned near the $0.3250 level. Therefore, the bulls are likely to struggle to gain strength above $0.3230 and the 100 hourly SMA. Should there be a successful close above $0.3230 and the 100 hourly SMA, ripple price could recover towards the $0.3500 level.</p> <p>On the other hand, if the price fails to gain above $0.3200 or $0.3230, it could resume its decline. An immediate support is near the $0.3100 level, below which the price could test the $0.3000 support area.</p> <p><a href="https://www.newsbtc.com/wp-content/uploads/2019/07/Ripple-Price-11.png" data-wpel-link="internal"><img class="alignnone size-full wp-image-389955" src="https://www.newsbtc.com/wp-content/uploads/2019/07/Ripple-Price-11.png" alt="Ripple Price Analysis XRP Chart" width="1828" height="868" /></a></p> <p>Looking at the <a href="https://www.tradingview.com/symbols/XRPUSD/" target="_blank" rel="noopener noreferrer follow" data-wpel-link="exclude">chart</a>, ripple price is currently trading near a crucial resistance at $0.3200-0.3230. It could either continue higher above $0.3230 and $0.3250 or start a fresh decline towards $0.3000. Should there be a downside break below $0.3000, the price may perhaps decline towards the $0.2850 support level in the near term.</p> <h2>Technical Indicators</h2> <p>Hourly MACD – The MACD for XRP/USD is likely to move back into the bearish zone.</p> <p>Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.</p> <p>Major Support Levels – $0.3100, $0.3000 and $0.2950.</p> <p>Major Resistance Levels – $0.3200, $0.3230 and $0.3250.</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/ripple-price-xrp-trading-near-make-or-break-levels/">Ripple Price (XRP) Trading Near Make-or-Break Levels</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery https://www.newsbtc.com/2019/07/16/ethereum-price-eth-remains-sell-despite-recent-bitcoin-recovery/ NEWSBTC urn:uuid:a5462cc5-ec92-b20e-be73-606c4c01691a Tue, 16 Jul 2019 03:08:16 +0000 <p>ETH price traded as low as $212 and recently corrected higher against the US Dollar. The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone. There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken). The<a class="read-more" href="https://www.newsbtc.com/2019/07/16/ethereum-price-eth-remains-sell-despite-recent-bitcoin-recovery/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/ethereum-price-eth-remains-sell-despite-recent-bitcoin-recovery/">Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li>ETH price traded as low as $212 and recently corrected higher against the US Dollar.</li> <li>The price traded above the $220 and $225 resistance levels, but it is still trading in a bearish zone.</li> <li>There is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD (data feed via Kraken).</li> <li>The pair could resume its slide if it struggles to clear the $240 resistance area in the near term.</li> </ul> <p><em>Ethereum price is slowly recovering versus the US Dollar, along with <a href="https://www.newsbtc.com/2019/07/15/bitcoin-price-btc-8800-bearish-target-could-be-real/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">bitcoin</a>. ETH price is likely to face a lot of hurdles near the $240 and $242 resistance levels.</em></p> <h2>Ethereum Price Analysis</h2> <p>Recently, we saw a sharp decline in bitcoin, Ethereum, <a href="https://www.newsbtc.com/2019/07/15/ripple-price-xrp-holding-ground-while-ethereum-bitcoin-takes-hit/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">ripple</a> and other <a href="https://www.newsbtc.com/2019/07/15/crypto-market-and-bitcoin-signaling-more-downsides-bch-eos-trx-ada-analysis/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">major altcoins</a> against the US Dollar. ETH/USD even broke the $240 and $230 support levels. The pair traded close to the $210 level and settled well below the 100 hourly simple moving average. A swing low was formed near the $212 level and the price recently started an upside correction.</p> <p>More importantly, bitcoin price gained nearly 8%, sparking a recovery in ETH above the $220 resistance. Moreover, the price broke the 23.6% Fib retracement level of the last key drop from the $270 high to $212 low. It even traded above the $230 level, but struggled to clear the $235 resistance. At the outset, there is an ascending channel forming with resistance near $240 on the hourly chart of ETH/USD.</p> <p>The channel resistance is also near the 50% Fib retracement level of the last key drop from the $270 high to $212 low. Therefore, the price is likely to face a strong resistance near the $240 area. A successful close above the $240 resistance may push the price towards the $250 and $255 levels. The 100 hourly SMA is also positioned near the $255 level and a bearish trend line on the same chart to act as a resistance.</p> <p>Conversely, if there is no upside break above the $240 resistance, the price may resume its slide. An immediate support is near the $225 level, below which it could test the $220 level. If there are more losses, the price could revisit the $212 swing low in the near term.</p> <p><a href="https://www.newsbtc.com/wp-content/uploads/2019/07/Ethereum-13.png" data-wpel-link="internal"><img class="alignnone size-full wp-image-389952" src="https://www.newsbtc.com/wp-content/uploads/2019/07/Ethereum-13.png" alt="Ethereum Price Analysis ETH Chart" width="1828" height="868" /></a></p> <p>Looking at the <a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noopener noreferrer follow" data-wpel-link="exclude">chart</a>, Ethereum price is slowly recovering, but there are many hurdles on the upside near $235, $240 and $255. Therefore, sellers remain in action in the short term unless the bulls gain strength above $240 and $255.</p> <h2>ETH Technical Indicators</h2> <p>Hourly MACD<strong> – </strong>The MACD for ETH/USD is currently losing momentum in the bullish zone.</p> <p>Hourly RSI<strong> &#8211; </strong>The RSI for ETH/USD failed to stay above the 50 level and is currently moving lower.</p> <p>Major Support Level – $220</p> <p>Major Resistance Level – $240</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/07/16/ethereum-price-eth-remains-sell-despite-recent-bitcoin-recovery/">Ethereum Price (ETH) Remains Sell Despite Recent Bitcoin Recovery</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’ https://cointelegraph.com/news/ron-paul-im-all-for-cryptocurrencies-i-like-competing-currencies CoinTelegraph.Com News urn:uuid:4911e8cd-a6da-6c8b-dcf0-3f879192e347 Tue, 16 Jul 2019 00:40:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84NmNhMDRjNjQ2ZDc2YzcyOTFmNDQ2MmJiMjM0ZTg5Yy5qcGc=.jpg"><p>Former congressman Ron Paul says he is favor of fraud-free cryptocurrencies as competition with fiat, though he has concerns about their underlying unit of account</p> Siemens Considers Using Blockchain Tech for Carsharing https://cointelegraph.com/news/siemens-considers-using-blockchain-tech-for-carsharing CoinTelegraph.Com News urn:uuid:450e232b-f4f5-fa68-a402-63a7c85251a8 Tue, 16 Jul 2019 00:10:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84YzNhNTQwOGMzOGYxN2JhYzU0MjRlM2M5NmE5ZTQ2My5qcGc=.jpg"><p>Global corporate giant Siemens said it is looking at use cases for blockchain solutions, including carsharing and other transportation sector initiatives</p> Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital https://cointelegraph.com/news/market-maker-altonomy-raises-7m-in-funding-round-led-by-polychain-capital CoinTelegraph.Com News urn:uuid:1bb57a1b-439b-417c-8cfe-32e31a37d72f Mon, 15 Jul 2019 23:15:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84MDc5ZjU0NTU5NTAyZThhMzMwNTllOGU1ZjRmOTBiYS5qcGc=.jpg"><p>Singapore-based market maker Altonomy has raised $7 million in a funding round led by Polychain Capital to source liquidity for institutional customers</p> Binance Chain Announces Galileo, Latest Version of Its Mainnet https://cointelegraph.com/news/binance-announces-galileo-the-latest-version-of-its-mainnet CoinTelegraph.Com News urn:uuid:f1fc0e14-174a-95d9-8449-ce260ef19c5e Mon, 15 Jul 2019 23:00:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wNjc4MDQ4ZmM5NTYxNzQ4N2RmZDBiMWNiMzY0NDc5OC5qcGc=.jpg"><p>Binance Chain has upgraded its mainnet, successfully completing a hardfork that includes a new feature for businesses looking to time-lock tokens</p> Brazil: Member of Former Royal Family Speaks Out Against Crypto Regulation https://cointelegraph.com/news/brazil-member-of-former-royal-family-speaks-out-against-crypto-regulation CoinTelegraph.Com News urn:uuid:b1ae4732-0e41-1a56-89da-58b3273337cc Mon, 15 Jul 2019 22:15:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xNGEyOGUwMjdhZGQ4YTNmMDc3ODE3NTI1OTkxNDMyZS5qcGc=.jpg"><p>A member of the former royal family of Brazil has spoken out against proposed crypto legislation in the country’s National Congress</p> Monero Reports on Resolving Fake XMR Minting Bugs a Month After Fix https://cointelegraph.com/news/monero-reports-on-resolving-fake-xmr-minting-bugs-a-month-after-fix CoinTelegraph.Com News urn:uuid:94de0f15-4e99-f007-69a9-695e99ed3dbc Mon, 15 Jul 2019 21:55:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85NzI5MzEzOTBiM2NmZWRiZjBkZmU3N2E0MTcwN2M4Ny5qcGc=.jpg"><p>Within a list of critical bugs for Monero has hidden, a recently revealed exploit allowing hackers to create and trade fake XMR on exchanges. What does it mean?</p> Price Analysis 15/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, XLM https://cointelegraph.com/news/price-analysis-15-07-btc-eth-xrp-ltc-bch-eos-bnb-bsv-trx-xlm CoinTelegraph.Com News urn:uuid:b80f9010-c8d8-a6d2-1095-1f1fed59915d Mon, 15 Jul 2019 20:53:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy83OWRmZmJlNDEwZjlmZTI3MjU5NTYyNWQyYzQwM2QyZC5qcGc=.jpg"><p>Has the market bottomed out or will the correction extend after a relief rally? Let’s look at the charts</p> US Treasury Secretary Shares Trump’s Concerns on Crypto, Stresses Compliance https://cointelegraph.com/news/us-treasury-secretary-shares-trumps-concerns-on-crypto-stresses-compliance CoinTelegraph.Com News urn:uuid:ab5b48c4-ddee-0473-b2b0-ce94f65ef8f4 Mon, 15 Jul 2019 19:57:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lMDQxMTdhYTMyNWM2YmYzNjdkYjdkM2JmMzQ2N2Y2Yi5qcGc=.jpg"><p>The U.S. Treasury Secretary echoed Trumps’ recent anti-crypto tweets and stressed the role of FinCEN as a regulator with purview over cryptocurrency organizations</p> UK Finance Minister Says Regulators Should Decide on Libra, Not Lawmakers https://cointelegraph.com/news/uk-finance-minister-says-regulators-should-decide-on-libra-not-lawmakers CoinTelegraph.Com News urn:uuid:3cd248ad-08b0-de58-8355-e8f171565295 Mon, 15 Jul 2019 19:28:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85Yzc0OTAwZDA3YzBkYzQwNDIxZTQ1YzQ2NGMyNTE4Ni5qcGc=.jpg"><p>U.K. Finance Minister Philip Hammond said that regulators, not lawmakers, should make decisions regarding Facebook’s Libra stablecoin</p> Cleveland Cavaliers Partner With Cryptocurrency Firm UnitedCoin https://cointelegraph.com/news/cleveland-cavaliers-partner-with-cryptocurrency-firm-unitedcoin CoinTelegraph.Com News urn:uuid:1a49ac20-582f-a191-c5d4-2b7be5c9b695 Mon, 15 Jul 2019 18:55:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9iNjFmYmI4YTBjNWI1ZjgyZDRlZWU2YTkwZDg3ZjUwYy5qcGc=.jpg"><p>A U.S. professional basketball team, the Cleveland Cavaliers, and its affiliated esports club have partnered with crypto project UnitedCoin</p> Senate Releases Opening Statements on Libra Ahead of Senate Hearing https://cointelegraph.com/news/calibra-ceo-delivers-opening-statements-on-libra-ahead-of-senate-hearing CoinTelegraph.Com News urn:uuid:0d57b95d-c3fa-0099-03b5-e2fae33d3b19 Mon, 15 Jul 2019 17:23:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jMGYwMDc5ZWMyNTI2ZWU1MWM3NjA4NjM3MTMwMjc1Mi5qcGc=.jpg"><p>The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra</p> Fundstrat’s Tom Lee: Bitcoin Pullback Is Healthy, Fewer Searches Аre Good https://cointelegraph.com/news/fundstrats-tom-lee-bitcoin-pullback-is-healthy-fewer-searches-are-good CoinTelegraph.Com News urn:uuid:95286800-349d-9e3d-5427-5a8f90456a29 Mon, 15 Jul 2019 17:07:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mNzQ3OTBiNTRlOGY4MTAxY2JlYjkxYjYyYTcyMTgwNS5qcGc=.jpg"><p>The recent Bitcoin pullback is healthy, according to Fundstrat Global Advisers co-founder Thomas Lee</p> Buterin Proposes Bitcoin Cash Integration to Scale Ethereum in Short Term https://cointelegraph.com/news/buterin-proposes-bitcoin-cash-integration-to-scale-ethereum-in-short-term CoinTelegraph.Com News urn:uuid:d048eb35-f719-f160-0ead-618e387beaa7 Mon, 15 Jul 2019 16:16:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84ZWI1YzNlODczZjJiNzc1MDJjOTEzNGYyNmFiNzdlZi5qcGc=.jpg"><p>Ethereum co-founder Vitalik Buterin believes that Bitcoin Cash has the best network to become a temporary scalability solution for Ethereum</p> Seed CX Subsidiaries Receive Bitlicenses From New York Regulator https://cointelegraph.com/news/seed-cx-subsidiaries-receive-bitlicenses-from-new-york-regulator CoinTelegraph.Com News urn:uuid:1ba27997-60fd-9ae5-fb2e-43789d25ad0e Mon, 15 Jul 2019 15:38:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xNGZlMzllZjJlNTMxYWI4OTQ1NWVjY2NjZDkwZTYwNi5qcGc=.jpg"><p>Two subsidiaries of crypto derivatives firm Seed CX — Seed Digital Commodities Market and Zero Hash — have received Bitlicenses from New York regulators</p> Canadian Securities Regulators Include DLT in 2019–2020 Business Plan https://cointelegraph.com/news/canadian-securities-regulators-include-dlt-in-20192020-business-plan CoinTelegraph.Com News urn:uuid:74a55b92-1794-5ab3-d139-203387fae0fe Mon, 15 Jul 2019 15:19:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80ZjZlZDA3YmE2NzdjNmNiMzhkMDNkYzY2NDdkM2E1Ny5qcGc=.jpg"><p>In their business plan for 2019–2020, the Canadian Securities Administrators pointed out the need to consider the implications of DLT, including blockchain technology</p> China Police Arrest Bitcoin Miners for Stealing Electricity Worth $3m http://www.coinnewsasia.com/china-police-arrest-bitcoin-miners-for-stealing-electricity-worth-3m/ Coin News Asia urn:uuid:0832ddad-8566-3552-cb7e-308a5905a806 Mon, 15 Jul 2019 00:00:03 +0000 <p>Police in eastern China have busted a ring of illegal bitcoin miners who stole almost $3 million worth of power to create the advanced money, provoking a neighborhood influence organization to warn agents, specialists said Friday. A decentralized virtual money, bitcoin can be delivered or &#8220;mined&#8221; by banks of PCs solving complex algorithm. The mining procedure can be over the [...]</p> <p>The post <a rel="nofollow" href="http://www.coinnewsasia.com/china-police-arrest-bitcoin-miners-for-stealing-electricity-worth-3m/">China Police Arrest Bitcoin Miners for Stealing Electricity Worth $3m</a> appeared first on <a rel="nofollow" href="http://www.coinnewsasia.com">Coin News Asia</a>.</p> <p><img class="aligncenter size-full wp-image-4406" src="http://www.coinnewsasia.com/wp-content/uploads/2019/07/China-Bitcoin-Mining-Electricity.jpg" alt="China Bitcoin Mining Electricity" width="800" height="368" />Police in eastern China have busted a ring of illegal <a href="http://www.coinnewsasia.com/bitcoin-miners-back-new-software-upgrade-averting-bitcoin-split/">bitcoin miners</a> who stole almost $3 million worth of power to create the advanced money, provoking a neighborhood influence organization to warn agents, specialists said Friday.</p> <p>A decentralized virtual money, bitcoin can be delivered or &#8220;mined&#8221; by banks of PCs solving complex algorithm. The mining procedure can be over the top expensive on a huge scale since it requires forefront innovation and huge measures of power.</p> <p>In 2017, Beijing took action against cryptographic money exchanging by closing down bitcoin trades. It likewise restricted initial coin offerings, a path for organizations to raise reserves.</p> <p>As per an investigation a year ago, <a href="http://www.coinnewsasia.com/china-considers-banning-all-bitcoin-mining-activities-in-the-country/">bitcoin mining</a> expends more power every year than numerous nations &#8211; with the greater part of mining farms situated in China. Other than power burglary, other bitcoin-related violations incorporate hacking digital money proprietors.</p> <p>Last August, Chinese police in the northern city of Xi&#8217;an captured three suspects who had purportedly stolen resources worth 600 million yuan by hacking the PCs of exploited people who possessed <a href="http://www.coinnewsasia.com/bitcoin-101/">bitcoin</a> and other virtual monetary forms.</p> <p>Now, police in Zhenjiang in eastern Jiangsu territory said officials reallocated just about 4,000 mining gadgets from an unlawful bitcoin activity that stole almost 20 million yuan ($2.91 million) in power.</p> <blockquote><p>&#8220;In value, it is the largest case in the amount of <a href="http://www.coinnewsasia.com/china-police-arrest-bitcoin-miners-for-stealing-electricity-worth-3m">electricity</a> stolen that Jiangsu has cracked since the founding of New China, and a rare sight in the whole country,&#8221; Zhenjiang police said in an online explanation.</p></blockquote> <p>The experts said they were initially warned by a neighborhood power organization, which detailed irregular power utilization. Police have taken necessary measures against more than 20 criminal suspects, and the case is under scrutiny, they included.</p> <p>The estimation of bitcoin has flooded above $11,000, after Facebook divulged its very own worldwide digital currency called <a href="http://www.coinnewsasia.com/crypto-community-still-skeptical-with-facebooks-coin-libra/">Libra</a> a month ago, which will dispatch one year from now.</p> <p>Not at all like conventional money like the dollar, euro or yen, bitcoin has no national bank and isn&#8217;t sponsored by any administration. Rather, the unit is controlled and managed by its locale of clients, who contend that this makes it more effective than conventional monetary standards.</p> <p>Despite the fact that China&#8217;s computerized installments system has grown quicker than the greater part of the world with versatile installments overwhelming regular exchanges all through urban focuses, the nation&#8217;s national bank has received a careful demeanor towards digital currencies.</p> <p>Get the latest in Asian <a href="http://www.coinnewsasia.com/">Bitcoin news</a> here at Coin News Asia.</p> <p>The post <a rel="nofollow" href="http://www.coinnewsasia.com/china-police-arrest-bitcoin-miners-for-stealing-electricity-worth-3m/">China Police Arrest Bitcoin Miners for Stealing Electricity Worth $3m</a> appeared first on <a rel="nofollow" href="http://www.coinnewsasia.com">Coin News Asia</a>.</p> <h1>Ethereum Co-Founder Mihai Alisie Comments On Facebook's Libra</h1> https://www.ethnews.com/ethereum-co-founder-mihai-alisie-comments-on-facebooks-libra ETHNews urn:uuid:beab4ed5-4897-d3c2-b9d0-26ed19fd4bd1 Fri, 12 Jul 2019 22:09:51 +0000 <img src="https://cdn.ethnews.com/images/1024x512/Blockchain-007-07-12-2019.jpg" alt="ethereum-co-founder-mihai-alisie-comments-on-facebooks-libra" ><p>Since Facebook announced Libra, world regulators have been quick to express their fears surrounding the cryptocurrency, but Ethereum co-founder Mihai Alisie believes the project will do more to negatively impact all the good fortune blockchain tech has been able to harbor over the years.</p> <h1>Veil Announces Shutdown Just Months After Launch</h1> https://www.ethnews.com/veil-announces-shutdown-just-months-after-launch ETHNews urn:uuid:64b92029-776c-f9d7-6478-333f076ab0cc Fri, 12 Jul 2019 22:03:16 +0000 <img src="https://cdn.ethnews.com/images/1024x512/Finance-007-07-12-2019.jpg" alt="veil-announces-shutdown-just-months-after-launch" ><p>Veil launched in January, allowing users to place bets on Augur prediction markets. Now Veil's co-founder, Paul Fletcher-Hill, has announced that, while the service's community was strong, it was too small to keep the service functioning.</p> Crypto Gambling App That Lets You Bet on Anything Calls It Quits https://www.ccn.com/news/crypto-gambling-app-veil-shuts-down/2019/07/12/ Cryptocurrency News, Cryptocoins News urn:uuid:d6e9c556-7b44-604f-4fa7-005e206e7b4e Fri, 12 Jul 2019 21:53:26 +0000 <p>Veil, a decentralized application that mostly interacts with Augur to help crypto users create and participate in prediction markets, is going away. Prediction Markets Just One Mass Appeal for Crypto The product itself that is. The company behind it will continue developing new products, and one thing that Veil leaves behind is the ability to [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.ccn.com/news/crypto-gambling-app-veil-shuts-down/2019/07/12/">Crypto Gambling App That Lets You Bet on Anything Calls It Quits</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN Markets</a></p> Mnuchin Warns US Debt Ceiling Near, Wants Spending Spigot Open https://www.ccn.com/news/mnuchin-warns-us-to-hit-debt-ceiling-in-september/2019/07/12/ Cryptocurrency News, Cryptocoins News urn:uuid:c6179335-4cb3-f6ae-73d2-35e39cb68680 Fri, 12 Jul 2019 21:50:54 +0000 <p>U.S. Treasury Secretary Steven Mnuchin warns the United States might max out its credit limit in September. If that happens, the federal government will not be able to pay some of its bills. In a letter to House Speaker Nancy Pelosi (D-Calif.), Mnuchin requested Congress increase the debt ceiling before August recess. The Treasury Secretary [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.ccn.com/news/mnuchin-warns-us-to-hit-debt-ceiling-in-september/2019/07/12/">Mnuchin Warns US Debt Ceiling Near, Wants Spending Spigot Open</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN Markets</a></p> Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned https://ift.tt/2xNaKJj pic.twitter.com/czt0kf2Ntc https://twitter.com/BTCTN/status/1149790837859135489 Twitter Search / BTCTN urn:uuid:2ca4d00a-b044-8f73-aece-68ffc2010062 Fri, 12 Jul 2019 21:21:12 +0000 <p class="TweetTextSize TweetTextSize--normal js-tweet-text tweet-text" lang="en">Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned <a href="https://ift.tt/2xNaKJj">https://ift.tt/2xNaKJj&nbsp;</a> <a class="twitter-timeline-link u-hidden" dir="ltr" href="https://pic.twitter.com/czt0kf2Ntc">pic.twitter.com/czt0kf2Ntc</a></a></p> <img src="https://pbs.twimg.com/media/D_TgrKMXUAAfd1M.jpg" width="250" /> Crypto Prediction Market and Derivatives Platform Veil Is Closing https://www.coindesk.com/crypto-prediction-market-and-derivatives-platform-veil-is-shutting-down CoinDesk urn:uuid:c0b32fc7-3a7e-c2ff-8c1a-d918c32b0cc4 Fri, 12 Jul 2019 21:02:14 +0000 Veil launched six months ago with an Auger protocol to make decentralized predictions on real world events. Co-Founder of Now-Defunct BitFunder Gets 14 Months Imprisonment https://www.investing.com/news/cryptocurrency-news/cofounder-of-nowdefunct-bitfunder-gets-14-months-imprisonment-1922622 Cryptocurrency News urn:uuid:26614efd-80dd-4a97-1111-4165ec695ab2 Fri, 12 Jul 2019 20:41:00 +0000 Ethereum Co-Founder Mihai Alisie Concerned Over Libra Centralization https://www.investing.com/news/cryptocurrency-news/ethereum-cofounder-mihai-alisie-concerned-over-libra-centralization-1922611 Cryptocurrency News urn:uuid:afe7cdcf-dd87-c40a-689d-8bb1f1aa2e00 Fri, 12 Jul 2019 20:21:00 +0000 Why Ivanka Is the Ticket to Influencing Trump on Bitcoin https://www.ccn.com/news/why-ivanka-is-the-ticket-to-influencing-trump-on-bitcoin/2019/07/12/ Cryptocurrency News, Cryptocoins News urn:uuid:7bcb0184-0e91-6930-9011-4470fa22840d Fri, 12 Jul 2019 20:00:37 +0000 <p>If there's one person who has been by Donald Trump's side throughout much of his life, it's his daughter, Ivanka. From being a judge on his hit series The Apprentice to serving as an advisor to her father in the White House, Ivanka seems to have the president wrapped around her finger. One of Ivanka's [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.ccn.com/news/why-ivanka-is-the-ticket-to-influencing-trump-on-bitcoin/2019/07/12/">Why Ivanka Is the Ticket to Influencing Trump on Bitcoin</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN Markets</a></p>