In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9.9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval. On July 10, 2018, that 9.9 percent stake has been transacted to the Litecoin Foundation in exchange for a […]
Due in part to the recent bear market for cryptocurrencies, digital currency exchange Coinbase has seen a drop in the number of downloads of its app, reaching levels that are comparable to April 2017. The drop could reflect fleeting interest from retail traders, but doesn’t mean that institutional investors aren’t still buying in. Coinbase’s App […]
According to Express, the government of China has confirmed that the country’s control over the global bitcoin exchange market has fallen from 90 percent to 1 percent. The UK publication also noted that “experts in China fear losing control” over the cryptocurrency exchange market. Never Was 90%, Obvious Drop to 1% The absurdity of local […]
After a feeble rally on diminishing volume, bitcoin is currently in the middle of its first major pullback in about 2 weeks. Over the last week or so, bitcoin managed to break its sustained downtrend and trend back inside the macro trading range (TR) — both of which are quite bullish market characteristics. However, today’s […]
A paper published by the Bank of Finland explains why cryptocurrencies will never become a form of money.
The Libertarian Party has requested President Trump grant a full pardon to Ross Ulbricht, who is serving a life sentence with no parole possibility for his role in launching and operating the Silk Road website, which facilitated illegal drug trading. The party passed a resolution urging the pardon at its annual convention on July 3. On […]
A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison.
Torrent website The Pirate Bay is doubling down on its plan to use visitors’ processing power to mine crypto.
Augur, a blockchain-based predictions platform, has opened to the general public. The platform becomes the “world’s first” decentralized prediction-market platform. Augur was created by the Forecast Foundation, a not-for-profit corporation whose goal is to build “open-source, public forecasting tools.” Prediction markets — which are a general type of financial market — have long been dominated […]
The post Bitcoin News Summary – July 9, 2018 appeared first on 99 Bitcoins. Español Русский Here’s what happened this week in Bitcoin in 99 seconds. Crypto’s combined market cap rose over 15% from $233 billion late last week to its current level of $270 billion. Trading volumes on Binance and Houbi exchanges were […]