Español Русский Here’s what happened this week in Bitcoin in 99 seconds. BlackRock, the world’s largest asset manager with $ 6.3 trillion under management, announced on Monday that it’s considering Bitcoin for investment purposes. The firm’s CEO, Larry Fink, said that BlackRock is putting together a team to study cryptocurrencies. Coinbase apparently received regulatory […]
At press time, the father of crypto is back up to $ 7,500. This is a hugely positive sign that bitcoin is regaining traction in the monetary market and moving up the financial ladder.
24 hours ago, bitcoin had slumped slightly to $ 7,400. While $ 100 is never a huge deal, it made many wonder if the sudden jump beyond the $ 7,000 mark – a position that many analysts had been waiting for – was a fluke, and bitcoin was still being subjected to sell-offs and bear activity. It appears this isn’t the case, as not only has bitcoin reached its previous mark, but most technical experts are of the sentiment that bitcoin will remain bullish for some time.
Cryptocurrency companies active in the world of cloud mining always face an uphill struggle. It is evident things are not looking all that great as of right now. HashFlare, one of the bigger cloud mining providers as of right now, has confirmed that it will not resume Bitcoin mining for the time being.
HashFlare Calls It Quits, for Now
The profitability of Bitcoin mining extends to both regular companies and cloud mining providers. Whenever this profitability drops below a certain threshold, something needs to change. As long as the Bitcoin price does not recover any of its lost value, cloud mining will be unprofitable.
Making sense of the cryptocurrency markets is always a trivial undertaking. There is no reason for these markets to have gone through a bearish segment this week, even though that is exactly what happened. Today, the situation looks very different once again. All top currencies are surging, and it seems the Bitcoin Cash price will reclaim $ 800 soon.
Positive Bitcoin Cash Price Momentum is Needed
When the Bitcoin price goes in the green, it is evident the rest of the cryptocurrencies will follow pretty quickly. In the case of the Bitcoin Cash price, it has become apparent things are still looking pretty good right now. Thanks to a modest increase in value over the past 24 hours, the Bitcoin Cash price is on the verge of surpassing $ 800 in the coming hours.
So, the father of crypto has dropped a bit. At press time, bitcoin is down by roughly $ 100 and is now at $ 7,400. This is not a big deal, however, and granted bitcoin can stay above the $ 7,000 line, enthusiasts and traders likely have nothing to worry about.
Indeed, the currency has come a long way over the past few weeks. Early this month, the coin dropped to the $ 5,800 mark, causing widespread panic and fear amongst most enthusiasts, and several found themselves wondering about the future of the coin. Could it regain its position on the financial ladder, or would it sink into oblivion?
Apllon Foundation believes in the free flow of value through blockchain, giving retail and other businesses the opportunity to take advantage of the decentralized technology.
July 21st, 2018, Location: Blockchain technology without doubt is a game changer in the modern, cut throat competition-based world. The decentralized technology’s efficient, cheap and robust system gives businesses the edge they need to stay ahead of the curve. Yet, most face hurdles in adopting the technology. The cost of starting a separate chain, hiring expensive experts, and upgrading hardware are just a few of the blockages that organizations face and consequently, they can shy away from the technology.
It was to be expected this weekend would be relatively interesting for all cryptocurrency markets. Even though the momentum is not overly positive, there is no outspoken bearish trend either. With Bitcoin losing a bit of ground, it seems most altcoins are keeping losses to a minimum. The Ethereum price may very well be the first top 10 coin to go in the green again later today.
Points (PTS), a blockchain data collaboration protocol for better credit scoring and inclusive finance, has announced $ 8 million in funding from traditional and blockchain venture capital including DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest.Bio Ventures, and Zhong Cheng Xin Credit Technology.
In an effort to make credit accessible to the world’s unbanked population of 1.7 billion people, Points uses blockchain technology and AI to develop a secure and configurable protocol that encourages trustless entities, including banks, institutions, tech companies and consumers to participate in sharing their proprietary data.
Kryll.io, an automated strategies trading platform, has announced that its KRL token was listed on cryptocurrency exchange QRYPTOS on the 18th of July 2018 following a successful crowdsale in which the company raised over 3600 ETH. This news comes as the French start-up is gearing up its product for a release in August 2018.
QUOINE is a global fintech company that provides trading, exchange, and next generation financial services powered by blockchain technology. With offices in Singapore, Japan, and Vietnam, QUOINE aims to combine a network of local partners with over 250 years of combined team experience in fintech to deliver best in class financial services for its customers. QUOINE is officially licensed by the Japan Financial Services Agency.