CryptoDaily’s CRDT Token: Blockchain Control
Jul02

CryptoDaily’s CRDT Token: Blockchain Control

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 works and how it will benefit you as a trader.  Given that we produce a significant amount of content on a daily...

Read More
Analyst Expects Bitcoin Above $9.5K in Near-Term as Risk-On Sentiment Improves
Jul02

Analyst Expects Bitcoin Above $9.5K in Near-Term as Risk-On Sentiment Improves

Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions. The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,285. It also appears as global risk-on sentiment improves on positive job reports and vaccine hopes. Bitcoin could close above $9,500 in the coming session even as it experiences modest sell-offs near its interim resistance level $200...

Read More
Blockchain Exec Says Decentralized Platforms Won’t Necessarily Replace YouTube
Jul02

Blockchain Exec Says Decentralized Platforms Won’t Necessarily Replace YouTube

While decentralized platforms provide a viable alternative to YouTube, Theta Labs’ Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives. However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind Theta.tv — both YouTube and decentralized platforms can...

Read More
Sri Lanka Central Bank Selects Shortlist for Blockchain Proof-of-Concept
Jul02

Sri Lanka Central Bank Selects Shortlist for Blockchain Proof-of-Concept

Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept for a shared Know Your Customer facility using blockchain. Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain. The project was initiated in fall 2019, according to a report from Sri Lanka’s Daily Mirror on July 2. The central...

Read More
This Eerie Nasdaq Fractal Predicts Bitcoin Will Rocket to $15,000 in 2020
Jul02

This Eerie Nasdaq Fractal Predicts Bitcoin Will Rocket to $15,000 in 2020

In May and June, Bitcoin sustained multiple consecutive rejections at $10,000. Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well. Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart from Tradingview.com Bitcoin may soon hold above $10,000, however, with analysts observing new...

Read More
Bitcoin, Stocks at Risk as Dr. Fauci Predicts 100K Daily New COVID Cases
Jul02

Bitcoin, Stocks at Risk as Dr. Fauci Predicts 100K Daily New COVID Cases

Stocks and Bitcoin prices could correct sharply if Dr. Anthony Fauci’s dire coronavirus warning plays out. Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases and a key member of the White House coronavirus taskforce, says the number of daily infections in the U.S. could reach 100,000 per day if immediate precautions are not taken to prevent the spread of the virus.  As Fauci issued this...

Read More
All Inflation? In Bitcoin Terms, Stocks Never Recovered From COVID-19
Jul02

All Inflation? In Bitcoin Terms, Stocks Never Recovered From COVID-19

Bitcoin and gold denominated stock market performance wipes out almost any hint of recovery since March. Bitcoin (BTC), in fact, crushed stock markets during the Covid-19 recovery with equity “growth” simply down to inflation, fresh data argues. Charts showing stocks denominated in gold and Bitcoin in 2020 show that far from having their best quarter in ten years, markets had no “recovery” at all. “It’s all inflation” The perspective...

Read More
S2F Bitcoin Price Prediction Model as Accurate as Astrology, Says Exec
Jul02

S2F Bitcoin Price Prediction Model as Accurate as Astrology, Says Exec

Before crypto analyst PlanB released another ‘red dot’ for its stock-to-flow chart, critics of the prediction model were voicing skepticism. Prominent members of the crypto community continue to express skepticism over the stock-to-flow (S2F) chart, a Bitcoin (BTC) price prediction model recently revised by analyst PlanB.  Nico Cordeiro, CIO at crypto quant fund Strix Leviathan, called S2F a “chameleon,” a term from Stanford professor...

Read More
Ethereum Holds Strong at $225: A Strengthening Case for Upside
Jul02

Ethereum Holds Strong at $225: A Strengthening Case for Upside

Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240. Ethereum is following a bullish path and it recently spiked above the $230 resistance level. The price could correct a few points, but the $228 and $225 levels are important supports. This week’s followed a crucial ascending channel is active with support near $228 on the hourly...

Read More
Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task At $42.50
Jul02

Litecoin (LTC) Price Analysis: Bulls Facing An Uphill Task At $42.50

Litecoin price extended its decline and it even spiked below $40.00 against the US Dollar. LTC price is now correcting higher towards $42.50 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $42.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could either start a strong increase above $42050 or resume its decline towards $38.50. Litecoin price...

Read More
Public Mint Launches, Announces 200 Banks Are On Board
Jul02

Public Mint Launches, Announces 200 Banks Are On Board

Public Mint wants its tokenized fiat currencies to power DeFi-like open financial applications. Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development. The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks. Public Mint claims to...

Read More
‘Boring’ Bitcoin Hits Multiple Year-to-Date Highs
Jul02

‘Boring’ Bitcoin Hits Multiple Year-to-Date Highs

Bitcoin hit new heights on a variety of metrics today, despite some characterising the cryptocurrency as ‘boring’. After weeks of uninspired price action, Bitcoin hit new yearly records today on a variety of metrics: new addresses, active addresses, hourly transaction count and hourly spent outputs. Glassnode CTO Rafael Schultze-Kraft posted on twitter listing the achievements: Quite the on-chain activity on #Bitcoin today – Hourly...

Read More
Brazil Eases WhatsApp Ban — But It’s Still Suspended
Jul02

Brazil Eases WhatsApp Ban — But It’s Still Suspended

Despite Brazilian regulators lifting a suspension on WhatsApp’s payments, the country’s central bank is still blocking the launch. The payments feature of the popular messaging platform WhatsApp remains suspended in Brazil, despite local regulators easing restrictions placed on its owner, Facebook. On June 24, Brazil’s Administrative Council for Economic Defense, known locally by its Portuguese acronym ‘CADE’ suspended an agreement...

Read More
Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bullish Breakout Grows
Jul02

Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bullish Breakout Grows

Ripple is currently consolidating above the $0.1720 support against the US Dollar. XRP price seems to be preparing for a bullish break above the $0.1800 resistance region. Ripple price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels against the US dollar. The price is trading well below the 100 simple moving average (4-hours) and $0.1900. There is a crucial bearish trend line forming with resistance near...

Read More
A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies
Jul02

A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which regulates the financial services industry in the U.K.,...

Read More