Bitcoin SV is Up 21% This Week And Nobody Has a Clue Why
Jul07

Bitcoin SV is Up 21% This Week And Nobody Has a Clue Why

Bitcoin SV, the controversial blockchain token promoted by Craig Wright, has surged by 21 percent in just two days. The wild price rally surfaced as Bitcoin, the leading cryptocurrency token, jumped above $9,300 after a week of rangebound action. Nevertheless, the extent of Bitcoin SV’s rise surprised, given the move had no solid catalysts backing it. Bitcoin SV added about $60 million to its market capitalization in just two days of...

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Web 3.0 Will Drive Decentralized Business Models, Says Blockchain Exec
Jul07

Web 3.0 Will Drive Decentralized Business Models, Says Blockchain Exec

Kevin Chou discussed how content creators could build their own virtual economies with blockchain technology. Kevin Chou, CEO and co-founder at blockchain ecosystem Rally, believes that blockchain technology could lead the charge toward a virtual economy in the web 3.0 era. Speaking at Unitize on July 6, Chou, who is also involved with the firms Kabam, Forte and Gen G, said that content platforms should move away from the old business...

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Bluzelle Testnet Competition Uncovers Major Tendermint Bug
Jul07

Bluzelle Testnet Competition Uncovers Major Tendermint Bug

Web3 delivery network Bluzelle has revealed details of a critical bug it discovered in Tendermint, the BFT consensus that’s used by Cosmos. The error came to light during a validators competition that Bluzelle was running on its testnet. Web3 delivery network Bluzelle has revealed details of a critical bug it discovered in Tendermint, the BFT consensus that’s used by Cosmos. The error came to light during a validators competition that...

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What Is Economic Collapse and How Can You Protect Yourself From It?
Jul07

What Is Economic Collapse and How Can You Protect Yourself From It?

On March 11, 2020, the World Health Organization officially declared the novel coronavirus a pandemic. It wasn’t until March 24th that UK Prime Minister Boris Johnson declared the coronavirus a national emergency.  On March 11, 2020, the World Health Organization officially declared the novel coronavirus a pandemic. It wasn’t until March 24th that UK Prime Minister Boris Johnson declared the coronavirus a national...

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Altcoins Boosted by Bitcoin Dominance Falling to 10-Week Low
Jul07

Altcoins Boosted by Bitcoin Dominance Falling to 10-Week Low

Bitcoin dominance has been caught in a descending channel since May when it reached 69%. At present, BTC represents 64.9% of the total cryptocurrency market cap, a 10-week low. Bitcoin dominance year to date. (Source: tradingview.com) The end of last month saw the start of a sharp down leg, which has had the effect of sparking life into the alternative cryptocurrencies. Today sees a strong performance by the altcoins against Bitcoin,...

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CryptoDaily & CRDT: content rewards system
Jul07

CryptoDaily & CRDT: content rewards system

Our Latest 24 Volume For CRDT/BTC Via P2PPb2b Is 0.033 BTC / 2622 CRDT! Trade & Keep Updated CRDT Today! Recently, we announced our CRDT token. This is our latest project and we couldn’t be more excited to share it with you. CRDT is our very own cryptographic token and one that we are very proud to share with the crypto community. Over the next couple of days/weeks/months, We will take an in-depth look into the token on how it...

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Binance Expands Fiat Gateway to Support 15 New National Currencies
Jul07

Binance Expands Fiat Gateway to Support 15 New National Currencies

Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform. According to a July 7 announcement, Binance added support for the United Arab Emirates dirham, Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound,...

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June Crypto Exchange Digest: Industry Growth in India and China, Mobile Releases, and New Markets Worldwide
Jul07

June Crypto Exchange Digest: Industry Growth in India and China, Mobile Releases, and New Markets Worldwide

This past month many countries eased up on the quarantine measures which led to some industries such as hospitality and retail beginning to return to normal business procedures. At the same time, the crypto industry is one of the few sectors that has been showing stable growth throughout the pandemic. Now cryptocurrency exchange platforms have the perfect opportunity to expand their reach and attract new users. This is a time in which...

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Major Indian Farmer Producer Organization to Use Blockchain for Supply Chains
Jul07

Major Indian Farmer Producer Organization to Use Blockchain for Supply Chains

One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay. One of India’s largest farm producer organizations (FPO), Sahyadri Farmers Producer Co, is integrating blockchain into its business process. FPOs are member-based institutions of farmers that are the result of a government-led initiative.  The organizations help fars sell agricultural produce at the most advantageous...

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Bitcoin Falls Alongside US Futures as Economic Recovery Flatlines
Jul07

Bitcoin Falls Alongside US Futures as Economic Recovery Flatlines

Bitcoin price pulled back in the early trading session Tuesday after logging a strong opening for the weekend a day before. The corrective action appeared as the rising number of COVID cases in the US prompted the Federal Reserve to make a stark warning. The central bank said the trajectory of the US’s economic recovery would be bumpy despite promising data. A modest rally in the Bitcoin market paused on Tuesday as traders pitted the...

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Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights
Jul07

Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights

Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details. The power struggle between the two co-founders of Bitmain, Micree Zhan and Jihan Wu, seems to have reached new heights as Zhan appears to be re-routing its financial flows to entities fully controlled by him. This is part of a public service announcement posted on Bitmain’s Weibo and WeChat pages, which notified customers that...

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This “Hidden” Signal Could Ignite a Bitcoin Breakout to $10.5k: Analyst
Jul07

This “Hidden” Signal Could Ignite a Bitcoin Breakout to $10.5k: Analyst

Even after a healthy rally from $9,000 to a local high of $9,400, Bitcoin remains in no man’s land. The cryptocurrency is caught below $9,500 and caught above $8,500, both important levels on a medium-term time frame. Bitcoin may seem directionless as a result, as it is still anyone’s guess as to which way this range will break. An analyst has observed, however, that there’s a growing likelihood Bitcoin will break to the upside. He...

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Ethereum Price Analysis: ETH Signaling Strong Rally Above $245
Jul07

Ethereum Price Analysis: ETH Signaling Strong Rally Above $245

Ethereum price is now trading in a positive zone above the $234 pivot level against the US Dollar. ETH price is currently correcting lower from $244, but it is well above the $235 level. There was a break above a crucial bearish trend line with resistance near $230 on the 4-hours chart (data feed from Coinbase). The pair could correct lower, but the $234 and $232 levels are likely to protect heavy losses. Ethereum price is trading...

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Dogecoin Gains 20% Amidst TikTok Pumping Challenge
Jul07

Dogecoin Gains 20% Amidst TikTok Pumping Challenge

Dogecoin has surged almost 20% this week, possibly due to a viral TikTok challenge that encourages users to get rich should the coin’s price hit $1. Crypto asset Dogecoin (DOGE) has leapt 18% in 24 hours and almost 20% over the past week. The price action is happening against the backdrop of a viral TikTok challenge that encourages users to pump the coin.  The most popular video under the hashtag #DogecoinTiktokChallange has...

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Bitcoin Hash Rate Hits Record Average High Defying BTC Price Bears
Jul07

Bitcoin Hash Rate Hits Record Average High Defying BTC Price Bears

Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action. An essential Bitcoin (BTC) metric has hit a new all-time high as miners pledge ever more computing power to securing the network. Data from various resources including Blockchain confirms that on July 6, Bitcoin’s seven-day average hash rate reached a new peak. Bitcoin hash rate 7-day average beats March top The...

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