Business

Bitcoin Hovering Under $12,000 in Recent Surge, Major Altcoins See Green

[ad_1] Tuesday, July 30 — The number one cryptocurrency, Bitcoin (BTC), appears to have stabilized shy of $12,000 after quickly retaking $11,000 in a rally this weekend. Ether (ETH) and XRP are seeing slight gains at press time.Market visualization. Source: Coin360Bitcoin is trading around $11,700 at press time, with a 3.3% gain on the day. Bitcoin shot up quickly to over $11,500 within about four hours on Sunday, Aug. 4,
Business

Trading Platform EToro Adds Support for Tezos Amid Price Surge

[ad_1] EToro, a United Kingdom-based exchange and social network for investors and traders, has rolled out trading support for Tezos (XTZ) on Aug. 5.As eToro tweeted today, Tezos, the 16th-top cryptocurrency by market capitalization, is now available for trading on the platform.According to a press release, Tezos has become the 15th crypto asset to join eToro, following Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC),
BLOCKCHAIN

Web3 Foundation Director Resigns to Pursue DAO Projects

[ad_1] Web3 Foundation (W3F) director Ryan Zurrer has announced that he is stepping down from his role at the decentralized web-focused nonprofit to pursue his interest in investments and decentralized autonomous organizations (DAOs).Zurrer expounded on his departure in a series of Twitter posts on Aug. 5. Zurrer explained that he will be gradually removing himself from the organization, partially in light of its current success. In June, W3F managed the
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Bitcoin and USD/CNY Seen Spiking in Unison

[ad_1] Over the last week, price moves in the bitcoin market have closely tracked performances in the U.S. dollar and Chinese yuan. All of this shows bitcoin is solidifying its position as a true macro force in the financial markets. Bitcoin Correlations Are Strengthening A recent tweet from Ceteris Paribus pointed out two important market moves, as BTC/USD bounced from the August 2nd lows at $10,365 while USD/CNY rallied to
BLOCKCHAIN

Walmart Crypto Project More Agreeable to Lawmakers Than Libra

[ad_1] A senior policy analyst at investment banking corporation Cowen, Jaret Seiberg, said that Walmart’s proposed digital coin should not face as much regulatory pushback as Libra, Facebook’s proposed virtual currency.As Bloomberg reports on Aug. 5, Seiberg also added that Walmart’s crypto may have a demographic appeal to Democratic legislators who are keen to find an alternative financial infrastructure for people who do not regularly use banks.According to Seiberg, Libra
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Cryptocurrency Space Needs Room To Grow: SEC Commissioner

[ad_1] Speaking on the topic of cryptocurrency regulation, U.S. Securities and Exchange (SEC) Commissioner Hester Peirce says the crypto space requires some leeway for innovation. SEC Shouldn’t Stifle Cryptocurrency Innovation Speaking during the Bakkt Digital Asset Conference, ‘crypto mom,’ as Peirce is affectionately dubbed within the industry called on regulators to allow room for digital innovation. According to Peirce, actors like the SEC should move away from being “merit regulators”
BLOCKCHAIN

Bittrex Crypto Exchange Transitions to ERC-20 Implementation of Tether

[ad_1] American cryptocurrency exchange Bittrex has completed switching Tether (USDT) from the OMNI-based implementation of the stablecoin to the ERC-20 standard on the Ethereum network. Bittrex announced that USDT deposits and withdrawals are now open in a tweet on Aug. 5. The exchange had temporarily suspended USDT deposits and withdrawals while making the switch.  “Quicker, cheaper, and more inter-operable transfers”Bittrex initially announced that it would be switching protocols on July 25. With
BLOCKCHAIN

US Federal Reserve Launching Payment System, Crypto Bulls Nonplussed

[ad_1] The United States Federal Reserve Board is planning to release a real-time payments and settlements service in order to boost the payments infrastructure in the country.A press release published on Aug. 5 reads that the Board of Governors of the Federal Reserve System has requested that Federal Reserve Banks develop a new interbank real-time settlement service to support faster payments in the U.S. The payment system is called FedNow
Business

Coinbase Exploring Eight New Assets in Bid to Expand Market Access

[ad_1] Major crypto platform Coinbase announced today that it is exploring support for eight new digital assets. The expansion is part of a larger agenda by the exchange to give customers access to 90% of the aggregate market capitalization of all digital assets.Coinbase announced its plans in an official blog post on Aug. 5. As part of the announcement, Coinbase noted that they may roll out public-facing APIs and show
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Litecoin Price Rally Halts Post Halving; What’s Next?

[ad_1] Litecoin, the fourth-largest cryptocurrency by market cap, is struggling to maintain its interim bullish bias after reducing its mining rewards by half. The LTC/USD instrument earlier today established a local high of 107.04 on San Francisco-based Coinbase exchange. The move uphill brought the pair up by 12.30 percent from the market open. That was also the time when the Litecoin blockchain was close to reaching the block height of