In a sample of over 150 top altcoins, only 4% had a positive BTC return over the past year. Other than BNB, none of this 4% were even in the top 100 alts a year ago. Bitcoin Has Been Hard To Beat In the sample of 167 leading altcoins chosen by crypto analyst Ceteris Paribus, only 6 performed better than Bitcoin over the past 12 months. The combined BTC market cap of all 167 has dropped by a whopping 69%, from ₿23.4 million to ₿7.2 million. Perhaps more surprisingly, Binance…
Read MoreMonth: July 2019
Congress to Hold Second Hearing on Libra and Crypto
Many are still attributing the US Treasury Secretary’s comments on Libra and bitcoin to its rapid decline over the past few days. In reality, they may have sparked the selloff but market correction has been overdue for some time. Congress to Convene Again on Libra A second hearing has been scheduled for today, July 17. The focus will be on Facebook’s proposed crypto project Calibra and its impact on consumers, investors and the American financial system. The meeting is a follow up on a suggested bill to keep big tech…
Read MoreSEC Begins Green-Lighting Token Offerings
The U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments Historic Event for Crypto Industry The U.S. Securities and Exchange Commission (SEC) began qualifying token offerings under Regulation A+ (Reg A+) last week. The application by Blockstack PBC was approved on July 10…
Read MoreBitcoin ‘Realized Market Cap’ Hits Record High Despite Flash Crash
Bitcoin investors are paying more per coin than at any time in history – despite the Bitcoin price dropping to half its all-time highs. Bitcoin Realized Cap Hits $93 Billion That was the conclusion in new analysis of an underreported metric this week, which casts light on genuine consumer interest in Bitcoin. Known as realized market cap, the figure revolves around two values: the price at which each bitcoin last traded, and how many coins were involved in each trade. The resulting figure when multiplying the values gives a fairer…
Read MorePR: Liechtenstein Financial Market Authority Approves Tokenized Real Estate Investment Product
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. CROWDLITOKEN AG pioneers and starts distribution of a digital bond – European retail investors benefit as well For the first time in Europe, the Liechtenstein Financial Market Authority (FMA) has approved the offering prospectus for a tokenised real estate investment product. CROWDLITOKEN AG is thus a pioneer for new financial innovations. The Security…
Read MoreHow They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy
On July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual observers were left confused. Are we talking about crypto or biological weapons of mass destruction here? Make no mistake, these misguided attacks on Bitcoin will continue as long as a threat is posed to obsolete and violent government economic systems. How they will attack is predictable: using some of…
Read MoreBitcoin Extends Losses With 12% Slide, Targets $8,000
Bitcoin continues to trade at four figures today as a new wave of bearish momentum sends the asset plummeting below $9,600. A couple of big red candles dumped bitcoin over a thousand bucks in a matter of hours and has left the asset scrambling to find support. Bitcoin Drops Over $1,000 in a Day This is not the first time BTC has shed over a thousand dollars in a day, and it probably wont be the last. From a Monday high of $11k bitcoin dropped to settle at the mid…
Read MoreNew Call Options Allow Joe Schmoe to Bet on $100,000 Bitcoin
LedgerX recently revealed a new call option that could help push Bitcoin price to $100k by 2020. Hey Bitcoin, When Moon? Regular Joe Schmoe investors can now place bets on Bitcoin rising to $100,000 thanks to regulated derivatives offered by LedgerX exchange. LedgerX recently revealed the call option and participants are betting that Bitcoin price will top $100k by December 2020. This means Bitcoin would need to pull-off a 10x move from today’s price and this would also bring the digital asset’s market capitalization to $2 trillion. For the past…
Read MoreNumber of IBM Blockchain Patents Surge 300% In One Year
The number of blockchain patents that IBM owns has surged by as much as 300% in a little less than a year. With other major corporations getting seriously involved in the industry, this goes on to show that the interest in the field is steadily increasing. IBM Dominates Blockchain Patent Ownership Multinational information technology company International Business Machines (IBM), is leading the blockchain patent ownership across the US, data shows. Apparently, the company owns around 108 blockchain-related patents, which marks an increase of more than 300% compared to last year.…
Read MoreGlobal Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The latest example comes from Iran that now wants to create a digital token backed by gold. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque Central Bank of Iran Approves Gold…
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