Wednesday, June 19Your Daily Bitcoin & Altcoin News Portal
Visa Claims to Be the Most Receptive Company of Digital Currency’s Benefits

Visa Claims to Be the Most Receptive Company of Digital Currency’s Benefits

ADOPTION
A senior Visa executive has said “no one” is more receptive of digital currency’s “benefits” than the international payment platform. In an interview with Huffington Post, head of global Merchant sales and solutions Jack Forestell said Visa’s mobile products for the developing world – specifically mVisa – were “opening doors” for unbanked citizens. “This type of digital solution has helped open doors for people who were previously off-the-grid or unbanked, which in turn has created entrepreneurial opportunities and reduce friction in how people pay and get paid,” he said. When asked about Visa’s approach to cashless societies, Forestell said “customer demand” formed the basis of the company’s roadmap. We are creating incentives for merchants to remain competitively connected to t
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Top 4 Cryptocurrency-oriented Operating Systems

Top 4 Cryptocurrency-oriented Operating Systems

ADOPTION, ALTCOINS, BITCOIN, BLOCKTECH
Mining, storing, or staking cryptocurrency is a concept that baffles most people, even in 2017. Even though these processes have become a lot easier, setting up your computer to accommodate all of these tasks is still a hassle. Thankfully, there are some dedicated cryptocurrency operating systems which make everything a lot easier. There are at least four viable solutions people can still check out today. 4. EOS Although EOS is still under development, it promises to pack a ton of features. It is quite similar to traditional operating systems in terms of functionality. Users can schedule tasks, execute applications, and control peripherals. However, EOS will act more like the OS for blockchains and will introduce a decentralized standard at the same time. EOS will support most future
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Egyptian Central Bank Denies Rumors of Bitcoin Adoption

Egyptian Central Bank Denies Rumors of Bitcoin Adoption

ADOPTION
Egypt’s central bank recently shot down rumors that may move to allow banks in the country to handle cryptocurrencies like bitcoin. Those rumors first appeared on social media, according to reports, prompting the Central Bank of Egypt, through deputy governor Gamal Negm, to deny them. “For stability of the Egyptian banking system, the banks deal with the official currencies only, and never deal with any virtual currencies,” Negm told Egyptian economics magazine Amwal Al Ghad last month. Washington, DC-based publication Al-Monitor, which covers Egyptian news, reported on the situation yesterday. It’s a development that comes as more countries weigh legal frameworks to establish some kind of standing for the technology under domestic law. To date, Japan has emerged as an earl
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Bitcoin Price Technical Analysis: Heading Towards $2K Range

Bitcoin Price Technical Analysis: Heading Towards $2K Range

PRICE ANALYSIS
This week the price of bitcoin has been descending downwards following a bearish trendline and is currently hovering just around the US$2000 range. Bitcoin Price Key Highlights The price started its downtrend on July 10 after staying around the $2550 territory for a few days, but subsequently started dropping to a low of $2225 on July 14. At press time the price of BTC is struggling to stay above $2K, and current technical indicators are showing the bear run may not be over. Technical Indicators Signals Technical indicators show that traders have allowed bears to reign over the market and the ball is in their court now. At press time the long term 200 Simple Moving Average (SMA) is well above the 100 SMA, pointing to continued market losses. The Relative Strength In
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GDAX Reveals Contingency Plan for Bitcoin’s Coming Soft Fork

GDAX Reveals Contingency Plan for Bitcoin’s Coming Soft Fork

EXCHANGE
Digital currency exchange platform GDAX has revealed its contingency plans in the event a controversial bitcoin scaling proposal is activated. The improvement proposal BIP 148, which triggers a so-called user-activated soft fork, or UASF, to activate the Segregated Witness (SegWit) scaling solution, are pushing ahead with their plans despite the popularity of another scaling proposal, Segwit2x, which pairs the activation of SegWit with an increase to the size of the network’s transaction blocks three months later. Yet if SegWit2x doesn’t get enough support by August 1st and BIP 148 takes hold without enough of the bitcoin ecosystem support of its particular transaction chain, bitcoin could split into two competing assets. It’s a prospect that led GDAX, which is operated by startu
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Ethereum’s Value is Down Nearly 25% in Less Than 2 Weeks

Ethereum’s Value is Down Nearly 25% in Less Than 2 Weeks

PRICE ANALYSIS
Ethereum continued its month-long decline, losing another 7.25 percentage points in the last 24 hours, according to coinmarketcap.com. While today’s loss was reflective of the cryptocurrency market as a whole, it was slightly worse than bitcoin’s, which lost 5.71 points. All cryptos lost ground today with few exceptions. The largest player to escape the trend was FirstBlood, the 36th largest crypto in market capitalization, posting an 8.55-point gain. Ethereum’s price has lost nearly 50 percent of its value in the last two weeks, falling from $282.31 on July 4 to $189.86 on July 14. Its losses have been bigger than bitcoin’s, which has extended its dominance of the total bitcoin market largely at Ethereum’s expense. Ethereum Market Cap Shrinks On June 19, when Ethereum had a $3
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Bitcoin Price Watch; Not A Great Week

Bitcoin Price Watch; Not A Great Week

BITCOIN
We have come to the end of the week in our bitcoin price trading efforts and – as far as weekly strategy implementation goes – it’s been a pretty tough one. While we have seen quite a lot of volatility spread across various sessions, this volatility has not necessarily been conducive to effective strategy execution. On a number of occasions we have gotten into trades and have been chopped out before any real action got underway and – as such – we are heading into what looks like it’s going to be one of the first net losses across a weekly period in a long time. This is great, of course, but it is part and parcel of operating in markets like this and it is something we just have to take on the chin. As we head into the US session this evening, there are still likely to be a number of
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Ethereum Price Continues to Endure Volatility on the Path to Recovery

Ethereum Price Continues to Endure Volatility on the Path to Recovery

ETHEREUM
After Ethereum’s meteoric rise throughout the past few months, things are definitely heading in the opposite direction right now. Just when it seemed there would be a small window or reprieve, the price starts plummeting once again. Ether is definitely not a store of value right now, as it has more volatile tendencies compared to other major cryptocurrencies. NO BREATHING ROOM FOR ETHEREUM JUST YET The cryptocurrency market has not been kind to Ethereum lately. Ethereum’s price has taken a serious beating over the past few days. Even though its value is still well above the January 2017, most people only look at the recent price momentum back when ETH hit $400. Compared to that price, things are looking absolutely disastrous. However, it is always important to look at the bigger pict
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Online Bank Swissquote Partners With Bitstamp to Launch Bitcoin Trading

Online Bank Swissquote Partners With Bitstamp to Launch Bitcoin Trading

BITCOIN
Online banking service Swissquote is launching a new bitcoin trading feature in partnership with digital currency exchange Bitstamp. With the integration, Swissquote customers will be able to exchange bitcoin for euros and US dollars, and vice versa, through their accounts. Bitstamp will provide the technical know-how and backend support, according to today’s announcement. Swissquote, founded in 1999, is regulated by the Swiss Financial Market Supervisory Authority, from which it has a banking license. It offers online access to financial products like bonds, options and futures, as well as credit card and savings account services. Swissquote CEO Marc Bürki said in a statement: “This is our first foray into the world of bitcoin, and so we wanted to work with a partner we coul
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Gold and Silver Are Down 8% and 21% Over the Trailing Year. Blame Bitcoin?

Gold and Silver Are Down 8% and 21% Over the Trailing Year. Blame Bitcoin?

BITCOIN
Gold and silver mining stocks might be among the top performing industries since the beginning of 2016, but since last summer, when physical gold peaked above $1,360 an ounce and silver touched $21 an ounce, precious metals have mostly been on the downswing. Over the trailing one-year period, gold and silver spot prices are down 8% and 21%, according to data from Kitco. Why precious metals have lost their luster What on Earth is going on, you ask? There have been a number of reasonable explanations for the recent tumble in precious metals. IMAGE SOURCE: GETTY IMAGES. To begin with, the Federal Reserve has begun tightening monetary policy, which involves raising its federal funds target rate. This, in turn, has the effect of pushing interest rates and yields on interest-bearin