The 30 Percent Bitcoin Price Correction Happened Already?

[ad_1] The much talked about 30% correction in Bitcoin price was hit pretty much spot on during yesterday’s US trading session. Many are now questioning whether they missed the dip and whether the bull run has resumed as BTC trades back above $11000 again today. Bitcoin Price Drops Exactly 30% Over the past 24 hours, Bitcoin price is back up again adding 9% on the day. Analysis of previous market

UN Looks to Blockchain to Aid Sustainable Urban Development in Afghanistan

[ad_1] The United Nations is working on blockchain solutions for sustainable urban development in Afghanistan, according to a report from tech news site The Sociable, published on July 2.Stephane Dujarric, Spokesperson for the UN Secretary-General reportedly told The Sociable that the United Nations Office of Communication and Information Technologies (UN-OICT) is developing blockchain solutions for land records and services transparency as part of the UN’s “City for All” initiative. The UN’s

City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP Token

[ad_1] On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP). The unnamed SLP token will be used for city events, redeemed for city-branded swag, discounts, and can be given to volunteers who help Dublin prosper. Also Read: Iranians Defy Warning and Share Pictures

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity

[ad_1] Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1.As per the report, the total flat value of BTC spent on illegal activity so far this year is thought to be $515 million. The

Advocacy Groups Call on Congress to Stop Libra Development Until July Hearings Take Place

[ad_1] Over 30 advocacy groups have appeared as signatories on a request that Congress and regulators implement an official moratorium on Libra development, as per the letter published on July 2.The letter was also addressed to Facebook, with Mark Zuckerberg himself cc’d, and asked that the social media giant wait until Congress and regulators have scrutinized a detailed presentation of the proposed stablecoin-esque virtual currency.The letter includes a number of

UK Financial Watchdog Approves First Crypto Hedge Fund

[ad_1] A recent report has revealed that Prime Factor Capital is now the first crypto hedge fund to be approved by the Financial Conduct Authority. However, the fund still has to operate in accordance with European guidelines which allows it to possess over 100 million euros in assets under management. It is also the first firm to be granted the right to invest in the digital currency asset class exclusively.

First Successful Blockchain-tracked Shipment from South Korea to the Netherlands

[ad_1] Samsung SDS, Dutch bank ABN AMRO and the Port of Rotterdam have jointly conducted a proof-of-concept (PoC) shipment from South Korea to the Netherlands in which they tracked a container exclusively using an interoperable blockchain platform, according to a report by The Maritime Executive on July 1.According to the announcement, the container was tracked via the blockchain platform “DELIVER,” which allowed for the shipment to be instantly financed, fully

Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up

[ad_1] Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less volatile economies. National banks globally have been consistently struggling to balance fiat value against interest rate policy now for decades. Also read: Iranians Defy

Facebook’s Stablecoin Libra Unlikely to Become Mainstream

[ad_1] Financial services firm Jefferies’ recent survey indicates that American users will hardly use Facebook’s forthcoming stablecoin Libra due to a lack of trust, The Block reported on July 1In the survey, which included over 600 respondents, four in five people reportedly chose  “Unlikely” or “Very unlikely” when asked whether they would purchase Libra. 45% of the respondents explained their unwillingness to buy the coin as due to a lack

Report: The Secrets Behind Crypto Exchange Wash Trading

[ad_1] FTX Global — a cryptocurrency trading firm, say they have uncovered the dirty tricks employed by certain crypto exchanges to inflate their trading volume. 68% of Cryptocurrency Trading Volume is Fake In a blog post published on its official Medium account, FTX provided details about new research into crypto wash trading carried out in conjunction with Alameda Research — a liquidity provider. According to the company, 68.6% of crypto