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Jeremy Allaire Praises Ethereum for Driving Mass…

“Pushing blockchain and cryptocurrency adoption to new heights will be facilitated as more real-world use cases come to market” writes Jp Buntinx for livebitcoinnews.com. Unlike Bitcoin’s blockchain, Ethereum offers a lot more functionality.Do you agree with Allaire’s views on ETH and blockchain technology?. High expectations are associated with blockchain technology.He considers it to be a driving force for both blockchain and cryptocurrency on a global scale. Source: livebitcoinnews.com Share This:

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Investments, Blockchain Dominate Payments Infrastructure Headlines

“Blockchain: The New(ish) Kid On The Payments Infrastructure Block No discussion of payments infrastructure would be complete without discussion of blockchain, especially as a conduit of enterprise payments” reports pymnts.com. Veerathai Santiprabhob has stated that blockchain may be used to manage its own supply chain (vendor) payments relationships, along with document management activities.PPRO, for its part, stated that it will use the money to expand its payments platform, including the international presence of its alternative payments-acquiring operations. Source: pymnts.com Share This:

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Bank of Israel Deputy Governor: Cryptocurrency Can Assist the Monetary System

“Bit2c is an Israeli cryptocurrency exchange which offers trading with Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, and Bitcoin Gold and has daily volumes of $118,636, according to coinmarketcap.com” reports financemagnates.com. She said that the government is working on cryptocurrency regulation.Heavy regulation is required for initial coin offerings and token generation events, sustainable regulation is required for cryptocurrency exchanges, while for pure blockchain technology no regulation is necessary. Source: financemagnates.com Share This:

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Congressman says we should be banned from mining, using cryptocurrency

“Congressman Brad Sherman, D-California, believes the government should prohibit U.S. citizens from mining and using cryptocurrencies” writes Mark Coppock for digitaltrends.com. Also brought up during the hearing was the idea of central banks issuing their own digital currency.Cryptocurrency is just a new form of electronic payment that should be embraced and treated like any other form of payment.But U.S. citizens also use a form of digital currency: Electronic payments. Having central banks issue digital currencies is “one of the worst financial ideas of recent times,” he said. Source: digitaltrends.com Share This:

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UK Will Lead in Crypto-Blockchain Space: Report

“BOE Governor Mark Carney criticized bitcoin and other digital currencies, saying bitcoin has failed as a viable currency and as a store of value” writes Nathan Reiff for investopedia.com. DAG Global CEO Sean Kiernan believes that the traditional financial world of the U.K. is primed to integrate with the digital currency space.He suggests that “the U.K. is a major global financial hub and in recent years has become a fintech leader as well.In order for the study above to come to pass, regulators’ opinions on digital currencies will likely have…

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Bitcoin News Digest Thursday, July 19, 2018

Bitcoin Is Up 30% From Its Recent Low. What Lies Next? Has Bitcoin finally broken free of its bearish trend?   The Narrative Of The Price Of Bitcoin Bitcoin has been in a bear market since December, but now the bulls and bears are squeezing the bear trend into an increasingly tight range, as the trends of the peaks and troughs converge.   A staunch bitcoin bear says this recent surge might have legs Bitcoin is showing signs of life after falling for months. A longtime bitcoin bear, Boris Schlossberg…

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Positive ‘price drift’ suggests bitcoin has room to move higher

“Often in the past, sharp moves higher in the price of the No. 1 digital currency have been followed by pullbacks, or at the least, consolidation” writes Aaron Hankin for marketwatch.com. This time, bitcoin has recorded five consecutive winning days and the “price drift,” when an asset drifts in the same direction after a sharp move, suggests there’s more to come for world’s biggest digital currency, analysts say. “All in all, we believe that when we see signs of price drift that it indicates that the current price may not…

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Switzerland seeks to regain cryptocurrency crown

“Despite the challenges, Switzerland is working on new rules to reassure banks and encourage them to accept the accounts of cryptocurrency companies” writes Midwest Communications Inc for 95kqds.com. “They raised concerns about problems with opening bank accounts, which was a worry for them, and asked for help,” Moser told Reuters.Providing the legal framework to launch ICOs and for banks to do business with cryptocurrency companies is not easy.Another large Swiss bank kicked out crypto project Smart Valor at around the same time, said a person familiar with the project.The bank,…

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SAE ICO Offers Eco-Friendly Solution for Cryptocurrency Mining

“The systems are easily assembled on-site from prefabricated dust-protected modules, which allows deploying advanced mining facilities with cutting-edge automation and flexibility” reports financemagnates.com. Cryptocurrency mining has proved an energy-intensive process, with power consumption growing steadily in the past couple of years, according to Digiconomist statistics.Hydropower is a cost-effective and reliable source of renewable energy that can be successfully used for cryptocurrency mining purposes.SAE’s mining structures (Swiss Alps Mining cubes, or SAM) are available for purchase or rent with a projected investment return of over 360% in three years of operation.SAE aims…

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Bitcoin Price to Reach $40,000, According to Billionaire…

“According to billionaire Marc Lasry, Bitcoin price will reach $40,000 where mainstream adoption and improved trading usability will be the main catalysts” reports livebitcoinnews.com. Do you agree with Lasry on his Bitcoin price prediction?. Bitcoin price surged July 17th, breaking the 50-day moving average swiftly and breaching key resistance levels.Lasry, the co-founder and CEO of asset management company Avenue Capital, told CNBC’s Squawk Box that the price of the first and foremost cryptocurrency could reach $40,000. Source: livebitcoinnews.com Share This:

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