Crypto News 

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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Crypto News Reviews 

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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Crypto News 

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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Crypto News 

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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Crypto News 

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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Crypto News 

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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Coinbase says it never needed SEC approval to list security tokens

“Earlier this week, leading cryptocurrency exchange desk Coinbase announced it had gotten a stamp of approval from the US Securities and Exchange Commission (SEC) to close a trio of acquisitions that could allow the company to trade security tokens” writes July Utc for thenextweb.com. Paired with the now-denied SEC approval, many considered the announcement a harbinger of a new phase for Coinbase – one that would see the exchange add a number of less popular tokens to its platform.Still, Samani pointed out the exchange is unlikely to engage in the…

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Crypto News Platforms Stocks 

Neufund partners with Malta Stock Exchange and Binance to create a decentralized global stock exchange

“The aim is to create a regulated and decentralized stock exchange for listing and trading tokenized securities alongside crypto assets” writes Stewart Rogers for venturebeat.com. Berlin-based Neufund has announced today that it is collaborating with MSX, the innovation vehicle of the Malta Stock Exchange (MSE) and is also partnering with cryptocurrency exchange Binance.The Malta Stock Exchange has recently announced a dedicated platform and a startup accelerator that will focus on DLT and blockchain technology initiatives, with financial support from Binance.According to CapLinked, the market cap of equity tokens alone is projected…

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Crypto News 

TSMC Trims Full Year Sales Forecast as Crypto Mining, Smartphone Demand Wanes

“TSMC also noted that the proportion of its $7.85 billion in second quarter sales to smartphone manufacturers fell by 10 percentage points to 48%” writes Martin Baccardax for thestreet.com. “Moving into third quarter 2018, we anticipate our business will benefit from new product launches using TSMC 7-nanometer technology while cryptocurrency mining demand will decrease from second quarter.”. Ltd., (TSM) the world’s biggest contract chipmaker and a leader supplier for Apple Inc. (AAPL) iPhones, trimmed its full year revenue forecasts Thursday, citing a slowdown in cryptocurrency mining and waning smartphone demand.Earlier…

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