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Bitcoin is having a mixed July so far. The price of the flagship cryptocurrency has hit a slump of late after beginning the month on a solid footing thanks to President Trump’s latest tirade and the aspersions being cast on Facebook’s Libra cryptocurrency. But despite the recent dip in bitcoin prices, one trader still believes […]
The post $ 16,000: Crypto Trader Screams Bullish Green Bitcoin Price in July appeared first on CCN Markets
Blockchain technology startup Blockstream has revamped its wallet app, adding features that make storing bitcoin more secure and flexible.
CoinDesk
The Thai National Legislative Assembly has approved changes to the law allowing tokenized securities to be issued and traded in the country.
CoinDesk
The U.S. stock market traded higher Thursday but the Dow was mostly excluded from the rally as shares of Microsoft Corp (MSFT) tumbled following a lukewarm earnings report. Dow Flips Green But Trails S&P 500 & Nasdaq The Dow Jones Industrial Average traded lower after the open, mirroring a mostly flat pre-market session for Dow futures. The blue-chip index fell by as much as 172 during the morning session before paring losses and eventually flashing green. At last check, the Dow was up 9.64 points or 0.04%. DowDuPont (DWDP) plunged more than 8% after reporting disappointing revenues. Shares of communications
The Dow Jones Industrial Average and other major stock market indices flipped green during late-morning trading on Thursday, erasing opening bell losses. Dow Flashes Green after 176 Point Intraday Loss As of 11:39 am ET, the Dow was up 58.22 points or 0.24 percent to 23,937.34. Earlier in the day, the index had taken losses
The post Newsflash: Dow Flips Green, Will Stock Market Extend Winning Streak? appeared first on CCN
Japan’s Financial Services Agency is considering the approval of crypto exchange-traded funds (ETFs), according to a Bloomberg source.
CoinDesk
Renowned economist, author of the “Death of Money,” Jim Rickards says the markets just “got the cue” they need. The U.S Federal Reserve (FED) is now unlikely to raise interest rates again without significant warning. That’s a green light for the stock markets and indeed the cryptocurrency market. Powell's use of "patient" on Friday was
The post Here’s Why FED Gives Markets Green Light, Further Rate Hikes Unlikely appeared first on CCN
After a continuous flow of positive news from the TRON Foundation, the TRX coin is outpacing the rest of the top 35 currencies with 24-hour growth of over 7%. Bitcoin (BTC) is up less than 1% today. TRON has reported anything from achieving major blockchain milestones to an ever increasing number of dApps on its
The post TRON Cryptocurrency (TRX) Plows into the Green as Bitcoin Price Stagnates appeared first on CCN
The Dow Jones Industrial Average and other major US stock indices closed in the green on Wednesday following another day of the sort of volatile trading that Allianz Chief Economic Advisor Mohamed El-Erian predicted will be the “new reality” for the stock market. The Dow closed 18.78 points higher to end the first trading session
The post Dow Claws Back into the Green, But Apple Shares Plunge in After-Market Trading appeared first on CCN
The US Federal Election Commission (FEC) issued an advisory opinion that would allow individuals to contribute to political campaigns by donating their computer power to mine crypto for their favorite candidates. The decision comes as American politicians are gearing up for the 2020 US presidential election, which quietly kicked off after the November 2018 midterm
The post Backlash after US Elections Board Green Lights Crypto Mining for Political Campaigns appeared first on CCN
The SIX Swiss Exchange has given the go-ahead to an exchange-traded product tracking multiple cryptocurrencies, according to a Financial Times report. The Swiss regulators have raced ahead of the U.S., by agreeing to greenlight the Amun Crypto Exchange Traded Product (ETP). Based on the reports, the Amun Crypto ETP,, will have half of its assets invested … Continued
The post World’s First Crypto ETP Gets Green Light in Switzerland appeared first on CCN
Power Ledger, whose mission is to deliver peer-to-peer electricity to people through the blockchain, has been knocking it out of the park this year in terms of global recognition. The Australia-based company has thrust the blockchain into the spotlight, scoring a recent win in Sir Richard Branson’s Extreme Tech Challenge (XTC) on Necker Island. In
The post Interview: Power Ledger’s Jemma Green on Using Blockchain to ‘Power the World’ appeared first on CCN
Coinbase has made yet another pioneering move in the regulatory morass that is cryptocurrency. The company today announced that its institutional wing, Coinbase Custody Trust Company, has received approval from New York State regulators to operate as an “independent Qualified Custodian.” Coinbase May Operate as Qualified Custodian A qualified custodian operates similarly to a bank,
The post New York Gives Coinbase Green Light to Offer Regulated Crypto Custody appeared first on CCN
Brazil’s securities regulator, Comissão de Valores Mobiliários (CVM), has reportedly authorized investment funds to indirectly put their money in the cryptocurrency ecosystem, through the acquisition of derivatives and foreign funds. Brazilian Funds Can Now Gain Exposure to Cryptocurrency According to a circular issued by the Finance Ministry of Brazil, first spotted by local news outlet … Continued
The post Brazil Gives Investment Funds Green Light to [Indirectly] Buy Bitcoin appeared first on CCN
As the Bitcoin network grows, so too does the concern around its environmental impact, and with good reason. Bitcoin consumes more electricity than the entire island of Ireland, and that power consumption is set to steadily rise in the coming years. Beyond the electricity required to run the network, there are the materials required to
The post Green Energy Bitcoin Mining Will Have ‘Insignificant Environmental Impact’ appeared first on CCN
Ripple (XRP) investors have seen some massive returns on investment these past few weeks but there are reasons to believe that this rally is not over yet. Ripple (XRP) had to retrace after an aggressive rise from $ 0.30 to $ 0.80. The above hourly chart for XRP/USD shows that the price has now entered into a major bull flag. This is a very bullish development for Ripple (XRP) which could push the price back above $ 0.80 in the days ahead.
Continue reading Ripple (XRP) Still Likely To Close The Week In Green at Crypto Daily™.
Ethereum Classic (ETC) is up more than 5% for the last 24 hours while the rest of the crypto market bleeds. This makes Ethereum Classic (ETC) the only top twenty cryptocurrency in the green. Ethereum Classic (ETC) is known for holding its ground during bad times, which perhaps is why the cryptocurrency is up as the rest of the market is down. This behavior has been observed in the past and it is likely that by now most investors realize that Ethereum Classic (ETC) is already too undervalued to go down further.
Cryptocurrencies are not exactly bathed in the light of righteousness right now when it comes to the environment. Despite not having a physical form, they are ultimately responsible for a substantial amount of environmental impact. This has stemmed from news stories detailing how, in Iceland, more electricity is being used to mine Bitcoin than is used to power its homes, or that Bitcoin mining now uses as much energy as all of Ireland consumes. Sensationalist as these headlines might be, there is no denying that Bitcoin, Ethereum and the myriad of minable altcoins are responsible for significant power consumption today.
Bitcoin (BTC) could soon test $ 6,400, having seen a high-volume reversal from the two-week lows hit yesterday.
CoinDesk
With the day almost coming to a close, it would appear there may be some positive short-term momentum for all cryptocurrencies. A few coins have gone in the green, whereas the others have recovered from the most recent setback. The Monero price continues to impress, as it has gained another 2.47%.
Monero has always been one of those “oddball” cryptocurrencies when compared to other top coins. Not because it doesn’t have any potential, but rather because it is so often overlooked, for some unknown reason. The recent ban by Japanese exchanges against Monero and similar coins isn’t helping matters much either.
