Crypto News – 24 July – More trouble for Facebook’s Libra, Bitcoin falls below key indicator and more
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Crypto News – 24 July
Bitcoin puts two paradigm shifts into motion
Bitcoin has evolved from the dark web and the silk road, to become an asset around the world
Read more at https://bit.ly/2Z5Fcus
Senate Committee schedules another hearing
With the previous hearing focusing on Libra in specific, the lack of a firm understanding of digital assets and their effect on monetary policy was quite evident.
Read more at https://bit.ly/2Y4BlRV
King coin to touch $42,000 by the end of 2019?
Bitcoin dropped to its four-figure mark for the second time in a week, with the collective market struggling.
Read more at https://bit.ly/2y5uAzL
XRPL’s Wietse Wind asks IndImm to take down its messaging protocol
According to the project’s tweet, users can upload data of any size to the blockchain, data that would “exist forever to be downloaded.”
Read more at https://bit.ly/2JP3p2Q
Bitcoin handicapped for the first time in 6 months
This massive price fluctuation has resulted in the coin not only going back to a four-figure valuation, but also slip past a key indicator.
Read more at https://bit.ly/2Y1ONpr
Risk/reward trade-off with 95% cash, 5% Bitcoin portfolio will be incredible
In times of global instability, the demand for alternative assets, including Bitcoin, is speculated to go up drastically.
Read more at https://bit.ly/2yiW9WB
Crypto Derivatives market will continue to boom
However, over the last few months, the cryptospace has grown in terms of receiving validation from major officials.
Read more at https://bit.ly/2JMA74Q
Bitcoin UTXO marks a new five-year high
However, people are stuck debating if Bitcoin is a store of value or a medium of transfer.
Read more at https://bit.ly/30OGN88
Altcoin community to re-rank crypto-exchanges
Soon after the trading volume report came out, crypto-exchanges came under extensive scrutiny.
Read more at https://bit.ly/2LGJRzQ
DAPI meant to resolve barriers to crypto-adoption?
Dash will launch an Evolution project later this year, a project through which the company will look into Bitcoin and cryptocurrencies’ adoption deficiencies.
Read more at https://bit.ly/2YhXHPb
Ethereum developer calls the ETH bottom, leverages it on Ethereum v2
However, considering the amount of progress that has been accomplished right now versus 2016, ETH doesn’t quantify the price.
Read more at https://bit.ly/32IOO0p
Is a drop below $9000 imminent for Bitcoin?
The Libra hearing and the involvement of U.S. government officials did not play particularly well in favor of Bitcoin.
Read more at https://bit.ly/32OfcGg