Business

Altcoins Are Taking a Beating While Bitcoin Price Holds Around $10,500

[ad_1] Wednesday, Sept. 4 — The top-20 cryptocurrencies are showing red candlesticks across the board, as the number one cryptocurrency continues to test support at $10,500.Market visualization. Source: Coin360The Bitcoin (BTC) price has shown little price movement in the last 24 hours, and has been trading close to $10,500 for most of the day. At press time the world’s most popular cryptocurrency is trading at $10,532, down 0.63% on the
BLOCKCHAIN

Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon

[ad_1] Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech.Deforestation and fires in the Brazilian AmazonOn Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to fight against deforestation and forest fires in Brazil. The post on the foundation’s website states:“Since Bolsonaro
Business

Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle

[ad_1] With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling.The United Kingdom’s liberal-leaning daily newspaper The Independent reported on Sept. 3 that Bitcoin has, amid the country’s parliamentary drama and the pound’s tribulations, by contrast, seen a solid and protracted period of growth. By
Business

Square CEO Jack Dorsey Says Bitcoin Is Not Functional as Currency, Yet

[ad_1] Square and Twitter CEO Jack Dorsey stated that although Bitcoin (BTC) will continue to be adopted more widely, he believes it should not yet be considered currency.Make Bitcoin more usable and accessible as a currencyOn Sept. 4, the outspoken believer of Bitcoin told the Australian Financial Review that he is convinced that the number-one cryptocurrency will continue to be adopted more widely. However, Dorsey added that it is not
EXCHANGES

Crypto’s Favorite Playboy Is Getting His Own Reality Series

[ad_1] Jeremy Gardner is no stranger to the limelight. The 27-year-old cryptocurrency millionaire has often basked in the attention of mainstream and crypto-specific media alike. This is, in no small part, a consequence of a personality that blends music festival bohemianism (think healing crystals and Rastafarian appropriation) with Silicon Valley VC opulence. The end result is a cocktail of traits that, to outside critics, emblemizes the absurdity of the overnight
EXCHANGES

Norwegian Savings Bank Invests in Local Crypto Exchange

[ad_1] A Norwegian savings bank has invested in the Norwegian Block Exchange (NBX), a new cryptocurrency exchange set to launch in mid-September 2019.  According to a press release, the bank Sparebanken Øst paid approximately $1.65 million (NOK15 million) for a 16.3 percent stake in NBX — a relatively small bet from the institution. “While risk is high in NBX, the investment is financially marginal for the bank,” according to the
BLOCKCHAIN

Blockchain Dev’s Platform Now Available on Oracle Cloud Marketplace

[ad_1] The fintech blockchain developer Hydrogen has announced that its platform is now available on software giant Oracle’s Cloud Marketplace. Hydrogen available to Oracle customersOn Sept. 4, the startup announced that the listing on Oracle Cloud Infrastructure will make its application programming interface available to millions of Oracle customers.Hydrogen offers tools to build applications for banking, savings and insurance, among other aspects of digital finance. Mike Kane, co-founder and CEO of
Business

Venture Capitalist Fred Wilson Revises His Bullish Opinion on Ether

[ad_1] Fred Wilson, a venture capitalist and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether (ETH).Back in 2017, Wilson suggested that the market capitalization of Ether will bypass the market capitalization of Bitcoin (BTC) by the end of the year, and eventually surpass the value of Bitcoin. However, in a Sept. 4 blog post, Wilson noted that the coin has fallen short of
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Bitcoin Price Analysis: Weekly Support Sends Market Soaring

[ad_1] Summary After last week’s test of macro support, bitcoin rallied over $1,000 in just a few days. At the moment, the market is testing a crucial resistance level at $10,750. This level represents a monthly swing high that is testing the supply of the market. At the moment, the bulls are going in for another strong round of buys and if the market can manage to break the level and
EXCHANGES

Venture Capitalist Has No Love Left For Ethereum Now

[ad_1] In 2017, Union Square Ventures co-founder and managing partner, Fred Wilson had said that Ethereum’s market cap will surpass that of Bitcoin by year-end. That didn’t happen and now he is taking his words back, for good.  Wilson: Ethereum ‘Confounds’ Me Not just the USV chief, Ethereum has left many of its investors in a tizzy. The smart contract pioneering token is still ~90% down from its January 2018