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Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin

Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin An internet-of-things (IoT) startup founded in 2013 is adding tokens to its business model with the backing of two of crypto’s best-known funders. Helium announced Wednesday a $15 million Series C co-led by Union Square Ventures and Multicoin Capital. Investors will acquire equity in Helium as well as a share of the tokens that will accrue to the company over the next several years as they are minted, after its bespoke blockchain goes live, according to a spokesperson. Previous investors that participated in the latest round included Khosla Ventures, GV (formerly Google Ventures), FirstMark Capital and German reinsurance giant Munich Re. T
Bitcoin Struggles for Price Gains As Litecoin Hits 13-Month high

Bitcoin Struggles for Price Gains As Litecoin Hits 13-Month high

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Please share if you find this article interesting. Bitcoin Struggles for Price Gains As Litecoin Hits 13-Month high View Bitcoin’s price consolidation in a tight range continues for the eighth day, as litecoin rallies to its highest level since May 2018. BTC’s 4-hour chart shows $8,053 is the level to beat for the bulls. A high-volume break higher could be followed by a rise to $8,500. LTC looks set to extend its recent rally as per the 3-day chart. LTC already rallied more than 100 percent in the last six weeks, so a pullback to $120 could be seen before further gains. Bitcoin (BTC) is lacking a clear directional bias for the eighth consecutive day amid a continued rally in litecoin’s (LTC) price. The price of a single bitcoin – the world’s leading cryptocurrency market value –
Former US Senator Rick Santorum Supports New Crypto for Catholics

Former US Senator Rick Santorum Supports New Crypto for Catholics

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Former US Senator Rick Santorum Supports New Crypto for Catholics Former US Senator, neologism, and noted Catholic, Rick Santorum, has come out in support of Cathio, a for-profit organization that will “provide efficient, secure, and transparent movement of funds within the Catholic world.” From a release: “Cathio’s platform is designed to enable all sectors of the Catholic economy to benefit from lower costs and transparent payments,” said Cathio CEO Matthew Marcolini. Former Ambassador to the Holy See and Cathio Advisor Jim Nicholson stated, “The Church is living in a time of great challenges with the laity asking, ‘What can we do?’ Well, Cathio is a lay initiative that not only strives to save the Church money, but positions
Initial Exchange Offerings are Providing Big Returns, But Why?

Initial Exchange Offerings are Providing Big Returns, But Why?

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Please share if you find this article interesting. Initial Exchange Offerings are Providing Big Returns, But Why? Christopher Brookins is the founder of Valiendero Digital Assets, a quantitative crypto fund founded out of Carnegie Mellon. 2019 has not only seen a resurgence of the crypto bull, but also capital raising. In particular, IEOs or “Initial Exchange Offerings” have been highly visible for both good and bad reasons. Positively, IEOs have produced large returns to-date. Negatively, to quote Jeff Dorman at Arca, “Many argue (correctly) that IEOs are illegal (in the US) since the tokens are clearly securities, & unregulated exchanges are acting as broker/dealers. Thus, U.S. investors can’t participate.” However, despite legality issues for US investors, many global particip
‘It Feels Like Family’: Bitcoiners Gather for Security Conference in Amsterdam

‘It Feels Like Family’: Bitcoiners Gather for Security Conference in Amsterdam

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Please share if you find this article interesting. ‘It Feels Like Family’: Bitcoiners Gather for Security Conference in Amsterdam A swift breeze swept across the canal and into a small Amsterdam pub, where about 30 bitcoiners sat drinking beers and registering for Breaking Bitcoin 2019. It smelled like rain. From a British mom who works from home as a “bitcoin hobbyist,” to a ripped Kiwi technologist with a thick beard, people who work with bitcoin gathered to joke about Crypto Twitter and nodes. They were in Amsterdam for one of the most prestigious security conferences in the blockchain industry. But on this rainy Friday, they had also come for something more. “It feels like family,” the hobbyist trader said. Many of them paid for beers and snacks with bitcoin, using a lighting
Korea’s Biggest Bank Is Preparing to Custody Digital Assets

Korea’s Biggest Bank Is Preparing to Custody Digital Assets

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Please share if you find this article interesting. Korea’s Biggest Bank Is Preparing to Custody Digital Assets KB Kookmin, the largest bank in South Korea, is preparing launch a digital asset custody offering. According to a report from CoinDesk Korea, the institution is teaming up for the effort with blockchain startup Atomics Lab, with the two entities signing a strategic business agreement on June 10. Atomics Labs is developing a product called Lime that secures digital assets such as cryptocurrencies using secure MPC technology. Kookmin and Atomics Lab will develop digital asset custody services that combine Atomics Lab technology and KB Kookmin Bank’s internal control infrastructure and information protection technologies. The firms aim to collaborate on the development of
No Man’s Land: Bitcoin Price Locked in $600 Range for Seventh Day

No Man’s Land: Bitcoin Price Locked in $600 Range for Seventh Day

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Please share if you find this article interesting. No Man’s Land: Bitcoin Price Locked in $600 Range for Seventh Day View Bitcoin has been trapped largely in the $7,500–$8,100 trading range since June 5. A high volume falling channel breakout on the 4-hour chart, if confirmed, would revive the bullish outlook and open the doors to $8,500. The 4-hour chart moving averages and trading volumes indicate the price is more likely to fall back to $7,500 in the next 24 hours. A break below $7,500 would validate the bearish doji reversal confirmed by Sunday’s close below $8,000 and allow a deeper drop below $7,000. Bitcoin’s (BTC) struggle for direction continues with prices locked in a tight £600 range for the seventh day running. The leading cryptocurrency by market value fell below $8,
Above $125: Litecoin Jumps to Highest Price in Over a Year

Above $125: Litecoin Jumps to Highest Price in Over a Year

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Above $125: Litecoin Jumps to Highest Price in Over a Year Litecoin’s price hit its highest level in over a year on Monday. The world’s fourth largest cryptocurrency as per market capitalization rose to $128.07 at 12:00 UTC on Coinbase – the highest level since May 23, 2018 – and was last seen trading at $126, representing a 10 percent gain on a 24-hour basis. Notably, the recent price action suggests LTC is leading the broader market higher. The cryptocurrency is currently up more than 30 percent from the low of $97 seen on June 4. Meanwhile, bitcoin, the world’s leading cryptocurrency by market value has gained just 7 percent during the same time frame. LTC’s outperformance could be associated with the mining reward halving due
Bitcoin’s Price Is Just $300 Away From a Short-Term Bear Reversal

Bitcoin’s Price Is Just $300 Away From a Short-Term Bear Reversal

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin’s Price Is Just $300 Away From a Short-Term Bear Reversal View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern, a UTC close below $7,432 looks likely. The daily relative strength index’s move above the falling trendline would revive the short-term bullish outlook. Bitcoin’s (BTC) bulls need to keep prices above key support at $7,432 to avert a short-term bearish reversal. At the current price of $7,685 (as per Bitstamp), the leading cryp