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The cryptocurrency markets are showing signs of recovery, with Bitcoin’s price hovering around the $8,200 mark. Monday, Sept. 30 — Bitcoin (BTC), together with most altcoins, has been trading relatively flat in the last 72 hours, but the overall crypto market seems to be ready to turn around. Cryptocurrency market daily overview. Source: Coin360 Bitcoin has not yet been able to recover from Tuesday’s double-digit losses, but the coin is showing signs that a recovery phase might be on the horizon. While billionaire technology investor Mark Cuban said that he would be happier owning bananas than Bitcoin, the most popular crypto coin has been trading around the $8,000 price mark for most of the day. Since hitting an intraday low of $7,835, BTC has been slowly crawling upwards to its current price point of $8,258, up by 2.62% in the last 24 hours. Cuban claims that Bitcoin is too complicated for the average person, and that the world’s most known cryptocurrency, often called digital gold..
Bitcoin dips below $7,900 after the coin touched four-month lows on Sept. 24. Thursday, Sept. 26 — Bitcoin (BTC) has dipped below $7,800 after the coin touched its four-month lows on Sept. 24. Market visualization. Source: Coin360 Lowest levels since springBitcoin entered rough volatility this week after the largest cryptocurrency crashed $1,500 in 24 hours on Tuesday to touch the $8,000 threshold. After seeing signs of recovery earlier today, Bitcoin has seen another sharp sell-off, from an intraday high of around $8,600 to as low as $7,830 at press time, according to Coin360. Bitcoin is down 5.3% over the past 24 hours at press time, seeing a massive drop of more than 21% over the past 7 days. According to Bloomberg data, Bitcoin dropped 9% to trade as low as $7,736 in New York, which is the lowest price for the cryptocurrency since May 2019, according to their index. Bitcoin 24-hour price chart. Source: Coin360 Total market capitalization continues to indicate new multi-month low..
The governor of New Jersey signed a bill to create a governmental task force for researching state-beneficial blockchain technology. Governor of New Jersey Phil Murphy recently signed bill S2297, which is an act to create a so-dubbed New Jersey Blockchain Initiative Task Force. The purpose of the task force is purportedly to study blockchain solutions for the benefit of the state. The news that Murphy passed this bill comes by way of an announcement on the official site of the state of New Jersey on Aug. 8. According to the press release, the taskforce will study the risks and rewards related to blockchain and distributed ledger technology; public blockchains, private blockchains and consensus algorithms; current projects and use cases around the world and their potential within the state; and what laws could be changed for secure and paperless recordkeeping. Task force will compile six-month reportThe task force will contain 14 members who are appointed by officials in various positi..
Pro British soccer club Everton F.C. has signed a deal with eToro to advertise the crypto-inclusive trading platform in its marketing materials and at matches. Everton Football Club of the British Premier League has signed a deal with the crypto-inclusive investment and trading platform eToro. Everton shared news of the partnership in an official announcement on Aug. 1. As per the report, eToro will now be Everton’s “Official Online Trading Partner”, which will offer advertising for the platform via its marketing assets and matches at home stadium Goodison Park. Everton’s commercial director Alan McTavish commented that he is “excited to see what can be achieved by bringing blockchain technology into the world of football.” The eToro Platform As stated in the announcement, eToro supports investments in both stocks and commodities as well as crypto assets. Moreover, in addition to partnering with Everton, eToro has reportedly signed with six clubs within the Premier League for the 201..
San Marino has signed an MoU with blockchain application platform VeChain to deploy blockchain tech to incentivize environmentally friendly behavior. The Republic of San Marino has signed a Memorandum of Understanding (MoU) with blockchain application platform VeChain. Per the agreement, the two entities aim to deploy blockchain technology to incentivize sustainable ecological behavior from citizens, local news agency askanews reported on July 22. The MoU was signed between San Marino Secretariat of Industry, Craft, Trade, Labor, Cooperation and Telecommunications, Republic of San Marino Innovation Institute S.p.A, management systems certification body DNV GL Business Assurance Group AS, and VeChain Foundation Limited. “To become the first zero-emissions country in the world”The cooperation is part of San Marino’s strategy to create and promote an ecosystem of technological innovation and facilitate digital transformation. The parties will work together to encourage citizens to adopt ..
The road ahead for the cryptocurrency seems paved with disappointment and hardship. Almost all the coins seem prone to the bearish pressure pressing on the industry. There is a trend of selling this period and it has cut across the whole cryptocurrency industry. A ray of sunshine shines through on Ripple XRP as the coin seems to be getting ready to shrug off the bearish weight from its shoulders. Ripple News Today – XRP News Today – XRP Moves Ahead The Of Other Cryptocurrencies The Ripple XRP traded low and broke the support level at $0.2940. The XRP swung low at $0.2833 but began to show signs of a correction in the upward direction. The XRP price analysis shows a recovery starting when the coin broke above the resistance level of $0.2940 and $0.3000. This week’s bearish trend was halted at the $0.3040 mark and this move opened the door for gains to occur above the $0.3150 resistance. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.322029 1.85% With the recent activity by th..
The Dubai Chamber of Commerce and Industry will promote blockchain trade solutions by the International Chamber of Commerce and Perlin. The Dubai Chamber of Commerce and Industry (DCCI) has entered a joint initiative to promote the adoption of blockchain trade solutions, according to a press release on July 1 The DCCI, which acts as an international business hub in Dubai, has signed a memorandum of understanding (MoU) with two entities the International Chamber of Commerce (ICC) and Singapore-based blockchain startup Perlin. According to the report, DCCI is the first chamber of commerce in the world to offer blockchain tools developed by the ICC, as well as the Centre of Future Trade (CoFT), a collaborative project the ICC and Perlin announced in May 2019. Under the MoU, DCCI acquires exclusive rights to offer CoFT blockchain trade solutions in the Middle East and Africa region, the agency stated. Those solutions intend to improve trade processes by providing greater transparency of s..
The Canadian firm Graph Blockchain Inc has partnered with Seoul’s transportation ministry. Canadian tech firm Graph Blockchain Inc. has partnered with the Ministry of Transportation in Seoul, South Korea, to run a pilot program for blockchain-based traffic data storage, according to a news release on June 24. Graph Blockchain reportedly signed a contract for around $55,000 CAD, or approximately $41,695 at press time, to run this pilot program as part of the “Smart City initiative.” According to the CEO of Graph Blockchain, Jeff Stevens, the company intends to use its blockchain solution to “streamline and protect” traffic data. Graph Blockchain purportedly uses the open source Hyperledger Fabric framework to develop its blockchain solutions. Near the end of 2018, Seoul’s mayor, Park Won-soon, announced the “Blockchain City of Seoul”: a five-year plan to grow the blockchain industry in South Korea’s capital. Park also remarked that blockchain solutions would be integrated into Seoul’..
The government of the Philippines is partnering with a blockchain firm to improve the country’s business and cybersecurity sectors. The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June 19. The MoA reportedly stipulates that Monsoon is to act as a blockchain consultant and advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines. DICT Acting Secretary Eliseo Rio Jr. commented on how the MoA will benefit the Philippines, saying it will “directly benefit our continuous effort to address the country’s issues on ease of doing business and cybersecurity.” The MoA also purports to benefit Monsoon, by the DICT releasing education and awareness materials on blockchain tech and contributing to the firm’s “capacity-building acti..
KB Kookmin Bank has signed an MoU with blockchain technology firm Atomrigs Lab to jointly explore digital asset management solutions. This article has been updated to correct the name of Atomrigs Lab. Major South Korean commercial lender KB Kookmin Bank has signed a Memorandum of Understanding with blockchain technology firm Atomrigs Lab to jointly explore digital asset management and protection solutions. The news was released at a press conference at the bank’s office in Seoul on June 11. The MoU — signed yesterday, June 10, in Seoul — establishes that the two partners will focus on digital asset market growth and new crypto-related businesses, according to Korean news outlet Yonhap News. Atomrigs Lab is a firm specializing in blockchain development for the financial sector, and has been developing blockchain-based digital asset protection technologies using next-generation cryptography. The two firms will further cooperate on developing digital asset management services that harnes..