Ethereum 

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

Global oil operators can save at least 30% by using blockchain in their infrastructure, according to data by blockchain startup Data Gumbo. Andrew Bruce, CEO of American blockchain startup Data Gumbo, discussed blockchain-powered automated contract execution in the oil industry on Bloomberg Commodities Edge on July 19. When asked how much oil industry players can save by implementing blockchain applications such as blockchain-based contract execution instead of traditional paper contracts, Bruce argued that such solutions could save at least 30%, referring to internal studies by the company. According to Data…

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Ethereum 

Major Crypto Markets Report Mixed Signals, Gold Slightly Fell

Friday, July 19 — Cryptocurrency markets are reporting mixed signals, with most of the top-20 coins by market capitalization are down over the last 24 hours. Market visualization. Source: Coin360 Bitcoin (BTC) has stayed above the $10,000 threshold during the day and is trading at around $10,412 at press time. The leading cryptocurrency has lost 2.14% on the day, while its weekly losses amount to nearly 10%.  As reported earlier today, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told fellow lawmakers directly that attempts to stop Bitcoin…

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Bitcoin 

‘A Recipe for More Corporate Power Over Markets’

Libra is a “recipe for more corporate power over markets and over consumers,” according to U.S. Senator Sherrod Brown, ranking member of the Senate Banking Committee.  Senator Brown’s recent comments came by way of an official video tweet by NowThis News on July 16, posted hours after the Senate Banking Committee hearing on Facebook’s Libra. Brown appeared especially concerned about Facebook gaining the ability to force people to use their money and play by their rules. He remarked: “What happens when Facebook forces businesses to quit accepting your credit card…

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Blockchain 

Crypto Markets Continue Trading in Red, Oil Reports Losses

Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency Bitcoin (BTC) has continued coming down after yesterday;s sharp drop to trade at around $11,740 as of press time. The coin has lost 4.39% over the past 24 hours. During the day, Bitcoin has been trading in a narrow corridor between $12,191 and $11,377. As reported earlier today, Bitcoin trading in Zimbabwe has continued to surge after the government…

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Ethereum 

Crypto Markets See Sharp Drop, Gold Is on the Rise

Wednesday, July 10 — Cryptocurrency markets have registered a sharp drop after Bitcoin hit the $13,000 price mark in the beginning of the day, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin (BTC) is currently trading at around $12,092, having lost over 3.6% on the day, although in early trading today the BTC/USD pair reclaimed almost $1,000 in 24 hours. In terms of its weekly performance, Bicoin is up by 4.28%. Bitcoin 7-day price chart. Source: Coin360 The second-largest cryptocurrency by market capitalization Ether (ETH) has come…

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Ethereum 

Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

Friday, July 5 — the top-20 digital currencies by market capitalization are trading in the red zone, with only Chainlink (LINK) seeing daily gains, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin (BTC) has been trading in a narrow corridor from $11,701 to $10,751 as its highest point during the day. The leading crypto has lost 6.25% over the past 24 hours, and is currently trading at $10,969. In terms of its weekly performance, bitcoin has seen a price drop by 2.73%. Bitcoin has become less correlated…

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Bitcoin 

Crypto Markets Are Green Across the Board as Bitcoin Crosses $12,000

Friday, June 28 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all in the green, a total turnaround from the sea of deep red on Thursday. Market visualization. Source: Coin360 Bitcoin is currently trading at $12,316 again, around the levels it sank to following the sudden $1,400 flash crash on Wednesday. Bitcoin had continued to sink all the way to $10,380 on Thursday, but is now seeing strong recovery on the day, trending up by around 14%. Bitcoin 7-day price chart. Source: Coin360 The top altcoin and second…

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Ethereum 

Charles Hoskinson Thinks Cardano Will Prevail Over Libra in Emerging Markets

Cardano founder Charles Hoskinson claimed that emerging markets are where cryptocurrencies matter, and that Facebook’s announced virtual currency Libra is not going to find success in this area, according to a report by Finance Magnates on June 26. According to Hoskinson, emerging markets are the future. He says: “Emerging markets are where cryptocurrencies matter […] When I look at the developed world, I don’t care. It’s highly regulated and, in many cases, a rigged system. If I decide to compete with a tech company they can just push me out…

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Ethereum 

ETH Hits 10-Month High as Crypto Markets See Solid Green

Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) passed the $11,100 mark. Market visualization courtesy of Coin360 Bitcoin is currently up over 13% on the day, trading around $11,154 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 22%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, bitcoin crossed $11,000 in under 24 hours after crossing $10,000. Ether (ETH) is holding onto its position as the…

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Ethereum 

Grayscale’s Ethereum Security Now Listed on OTC Markets

Grayscale’s Ethereum-based security, Grayscale Ethereum Trust (ETHE), is available for trading on OTC Markets, according to an official blog post from Grayscale Investments on June 20.   According to the post, ETHE is “an open-ended trust that holds Ethereum.” As further noted, this is a means of investing in Ethereum without having to actually hold the cryptocurrency. This means that the “first U.S.-based publicly quoted security solely invested in and deriving value from the price of Ethereum is available.”   Grayscale’s Director of Investments and Research Matt Beck commented on…

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