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Selling pressure had been mounting on public bitcoin miners over the last couple of months. This was a direct result of the decline in the price of the digital asset, which saw the cash flow for bitcoin miners plummet significantly. It came out to an over 60% decline in profitability, and given that miners continue to incur ongoing expenses, they had to look towards their bitcoin holdings for cash flow, which led to a massive selling trend.
Bitcoin Miners Offload Coins
Within a week, from June 26 to July 2, the bitcoin price fell from $ 13,868 to $ 9,651, recording a 30 percent pullback against the U.S. dollar. Technical analysts have expressed optimism towards the swift recovery of bitcoin from a large pullback as the dominant crypto asset has shown a change in trend within a short […]
The post Bitcoin Price Recovers 20% to Break $ 11,000; Pullback Done, Huge Rally Next? appeared first on CCN Markets
Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services.
These and many more such statements exist across the internet. All these statements are true. But, despite all the benefits that Bitcoin is expected to bring to African countries, adoption levels in Africa continue to be the lowest globally.
Which begs the question, “If Bitcoin is to help Africa catch up with the rest of the world, what is preventing Africans from adopting the cryptocurrency?”
BitFund founder and well-known Bitcoin holder Li Xiaolai said that he is going to stop personally investing into blockchain projects. Instead, he’s focusing on a career change.
One of China’s biggest Bitcoin (BTC) 00 holders, Li Xiaolai, caused a huge stir in the local cryptocurrency community after he announced via Weibo that he would now demur from personally investing into blockchain projects.
According to TechNode, Li wrote:
Li Xiaolai, the founder of Beijing-based venture capital firm BitFund and a widely recognized billionaire Bitcoin investor in China, has publicly stated that he will personally move away from the blockchain and initial coin offering (ICO) space. He said on China’s largest social media platform Weibo: “From this day on, Li Xiaolai personally will not
The post Chinese Billionaire Bitcoin Investor ‘Done’ Investing in Blockchain Projects appeared first on CCN
As blockchain and crypto enthusiasts, our goal is to get everyone in the world using blockchain technology. We believe in this technology because we know it has the power to change the world. Like the early advocates of the internet, we have, in our hands, a technology that will change the way we communicate, spend money, store data and many other things.
According to new research by PwC, 84% of surveyed firms (around 600 in total, across 15 territories) already have some involvement with blockchain technology.
Continue reading Our Work Here Is Done, 84% Of Firms Now Using Blockchain Tech at Crypto Daily™.
The United States Securities and Exchange Commission will reevaluate its recent round of bitcoin ETF rejections.
This Wednesday, August 22, 2018, the SEC denied 9 ETF proposals from ProShares, GraniteShares and Direxion in three separate orders. But consistent with a rule that allows the SEC’s Chairman and Commissioners to review decisions delegated to its staff, these disapproval orders are up for reviewal.
A letter written by SEC secretary Brent J. Fields to Eugene Schlanger of the New York Stock Exchange details the technicalities of this process:
This past week, we talked to three security experts about how to design smarter and more secure smart contracts. Google is dipping its toe in the blockchain waters by introducing integrations for applications built with Ethereum and Hyperledger. The financial sector got some more love with the Digital Chamber of Commerce’s white paper to help cryptocurrency and ICO markets grow responsibly. Finally, 17 tons of almonds moved from Australia to Germany with real-time tracking and verification on the blockchain.
Featured stories by Jimmy Aki, Colin Harper, Marianne Lehnis and Nick Marinoff
Coinpriceprediction Development
The world of cryptocurrencies just continues broadening. There are modern and updated opportunities for our choice to invest. So there are real chances if the trend continues to develop, the possibility of blockchain becoming the world top of finance is rather obvious. Bitcoin has been dominating the financial industry and continues to grow. Did you know that there are 1000 different cryptocurrency suggesting various possibilities? There is a chance that these virtual currencies become the reality of online use. And there is no doubt that will happen very soon.
