Bitcoin 

Bitcoin Drops $300, Daily Losses Among Altcoins Reach 10%

Falling below $9,000, Bitcoin (BTC) has seen another dip today and its price dropped over $200 in an hour. Alongside Bitcoin, the top 20 cryptocurrencies by market capitalization are seeing major losses of nearly 10% over the past 24 hours, according to data from Coin360. Market visualization. Source: Coin360 Following a fresh price decline, Bitcoin is trading down 4.9% at $8,736. With its intraday high of $9,253, Bitcoin tumbled more than $500 earlier today and is down around 4% over the past seven days, with an intraweek high above $9,500.…

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Blockchain 

US Financial Regulators Reach $7M Settlement Over PlexCorps ICO

The United States Securities and Exchange Commission (SEC) has reached a multi-million dollar settlement with PlexCorps owner Dominique Lacroix, business partner Sabrina Paradis-Royer and PlexCorps over an allegedly fraudulent initial coin offering (ICO). The SEC submitted its settlement agreement to a U.S. District Court in Brooklyn on Aug. 12. According to the filing, the defendants will collectively be fined nearly $7 million as part of the settlement agreement.  The SEC concluded that the defendants raised $8,269,218 through the PlexCoin ICO. The agreement further states that the defendants will pay 55%…

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Ethereum 

Pantera Capital CEO Believes Bitcoin Could Reach $356,000 in a Couple Years

Pantera Capital founder Dan Morehead discussed how Bitcoin (BTC) could hit $42,000 by the end of 2019, and even has the potential to reach $356,000 within a couple years. Morehead delivered his comments on an episode of the Unchained podcast on July 23. Morehead specifically said that he predicts BTC will hit $42,000 by the end of the year, and climb to $356,000 by 2022. Morehead claimed that this would be consistent with the top cryptocurrency’s logarithmic growth rate: “Graph the price of Bitcoin logarithmically […] its trend is going…

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Blockchain 

Global Blockchain in Healthcare to Reach $1.7 billion by 2026

The volume of blockchain in healthcare market worldwide is forecast to reach more than $1.7 billion by 2026. In a press release published on July 16, consulting services to information technologies firm Acumen Research and Consulting (ARC) has projected that the global blockchain in healthcare market on the global scale will reach over $1.7 billion by 2026, with a compound annual growth rate of 48.1%. Based on geography, America purportedly dominates with the largest share in the global blockchain in healthcare market, wherein the United States is a mature market…

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Bitcoin 

Blockchain Supply Chain Market to Reach Over $9B by 2025

The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8. AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure. By industry vertical,…

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Bitcoin 

Bitcoin Is Easily Going to Reach New Highs

Fundstrat Global Advisors co-founder Tom Lee said that bitcoin (BTC) could easily reach new highs during an interview with CNBC published on June 18. In his comments, Lee said that bitcoin is becoming the reserve currency of the cryptocurrency space, and noted that it has been worth over the $9,000 price level in only 4% of its history. Then, he declared: “I think bitcoin is easily going to take out its all-time highs.” Before making those price predictions, Lee also noted that Facebook’s Libra project is a validation of mainstream…

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Blockchain 

Blockchain Market in Automotive & Aerospace Industries to Reach Over $20B by 2029

The blockchain market in the automotive and aerospace fields will reach over $20 billion by 2029, according to a recent report from market research project Reportlinker published on June 13. The analysis projects that blockchain applications in the automotive and aerospace and aviation industries will grow at a compound annual growth rate of 60.35% between 2019 and 2029. The study sees blockchain features such as transparency, fast transaction settlements, and removal of risk of fraud as major growth drivers. The report reads: “The finance, payments, and insurance services for automotive…

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Ethereum 

Bitcoin Analyst Says BTC Could Reach $25,000 by End of 2019

Bitcoin (BTC) price analyst Oliver Isaacs thinks it will hit $25,000 around the end of 2019, according to a report by The Independent on June 5. Isaacs discussed the reasons he still has high hopes for a rally in the near future, saying: “There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the U.S. and China has led to the sudden interest in bitcoin as a hedge on investments.” Draper also reportedly commented on the state…

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Bitcoin 

South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance. According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of around 219 million South-Korean won ($185,000). South Korea LocalBitcoins Weekly Trade Volumes in BTC. Source: Coin Dance Founded in Finland in 2012, LocalBitcoins offers over-the-counter trading of local currency for bitcoin and operates as a P2P trading platform. The Finnish…

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Blockchain 

Blockchain Platform for Content Creators and Fans Sets Out Plan for Gaining Global Reach

A blockchain-powered platform that allows content creators to reach its fans directly says it is broadening the choice of music, illustrations and webtoons it has on offer — improving both quality and quantity ahead of its launch. The debut of ContentsDeal has suffered from delays, but the company says its team is determined to get its offering online as soon as possible. Already, the platform says it has attracted an impressive ensemble of artists from South Korea and around the world — giving creatives a way of broadcasting their content…

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