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Bitcoin Mining Giant Bitmain to Invest $500 Million in Texas Data and Mining Facility – Cointelegraph

CointelegraphBitcoin Mining Giant Bitmain to Invest $500 Million in Texas Data and Mining FacilityCointelegraphBitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into…


Cointelegraph

Bitcoin Mining Giant Bitmain to Invest $500 Million in Texas Data and Mining Facility
Cointelegraph
Bitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. market, the company revealed in a press release August 6. Bitmain, which is valued at around $12 ...

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PR: Solareum Attends Restart Week and Announces Listings on Four New Exchanges

Bitcoin Press Release: Solareum attended Restart Week in Rincon. Solareum takes on philanthropic mission to turn Puerto Rico into an eco-friendly solar island. All while reaching a major milestone and being listed on 4 new exchanges. July 30th 2018. Liechtenstein, Germany: Solareum coin is the first of its kind, and has been highly anticipated going …

The post PR: Solareum Attends Restart Week and Announces Listings on Four New Exchanges appeared first on BitcoinNews.com.

Bitcoin Press Release: Solareum attended Restart Week in Rincon. Solareum takes on philanthropic mission to turn Puerto Rico into an eco-friendly solar island. All while reaching a major milestone and being listed on 4 new exchanges.

July 30th 2018. Liechtenstein, Germany: Solareum coin is the first of its kind, and has been highly anticipated going live on many various exchanges. This week Solareum is featuring RIghtBTC.com as the featured exchange of the week, they will continue to do this with various exchanges throughout the quarter, as well as be listed on many more in the near future.

Solareum is not only a coin that will revolutionize the solar industry; they are focused on making the planet more eco-friendly, and helping people and the environment at the same time.

Restart Week

On May 14, 2018 Solareum was interviewed by BBC and Vice at restart week. A week filled with industry leaders and significant innovations. One of them being Solareum, which not only is a cryptocurrency listed as SLRM. Over restart week Solareum CMO, Justin Lally pledged to donate the best solar panels to Puerto Rico. In turn, helping the island go green and bounce back from natural disasters much quicker.

This is one of many of the philanthropic mission Solareum has and will continue to do. Now anyone, anywhere at any time can buy the currency, as well as purchase the best solar products available and have installed all while using Solareum ( SLRM ) exclusively.

These are only two of many things Solareum ( SLRM ) is and will be offering. By visiting Solareum.Club, Users can buy the currency ( SLRM), via credit card or with over 15 cryptocurrencies. Then being able to buy the best solar panels and installed anywhere, anytime for a price incomparable to any other company.

This currency is not only the first of its kind, but it’s also helping the world and environment at the same time. This currency, Solareum ( SLRM) along with very few other cryptocurrencies, has a great cause, useful and helping the planet at the same time.

Being that there are many beneficial attributes to this currency ( SLRM ), Solareum users can help the environment. The question is how much money and helps the world do you want? From the market reaction and SLRM solar panel orders, people see the value of this coin.

About Solareum

The Solareum platform is set to provide the global community renewable energy products, leading the solar energy market with a P2P or B2B business model. Any renewable company can become a Solareum affiliate. Solareum offers trust and reliability to sustain decentralized ethical practices.

Visit the Website: https://www.solareum.club
Read the Whitepaper: https://docs.wixstatic.com
Join on Facebook: https://www.facebook.com/Solareum-300189880473588/
Follow on Twitter: https://twitter.com/SOLAREUMclub
LinkedIn: https://www.linkedin.com/company/solareum/
Instagram: https://www.instagram.com/solareumclub/
Subscribe on YouTube: https://www.youtube.com/channel/UCANPdxr0u2FS2tBM_Sm1lMQ

Media Contact
Name: Mrinal Asthana
Email:[email protected]

Solareum is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose

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Bitcoin, Bitcoin Cash And Ethereum Go To Washington – Forbes


Forbes

Bitcoin, Bitcoin Cash And Ethereum Go To Washington
Forbes
Cryptocurrencies, namely bitcoin, bitcoin cash and ethereum, are becoming accepted in the Washington D.C. halls of power — evidenced by the member of Congress and the chair of the House Judiciary Committee Bob Goodlatte’s crypto holdings. Goodlatte …


Forbes

Bitcoin, Bitcoin Cash And Ethereum Go To Washington
Forbes
Cryptocurrencies, namely bitcoin, bitcoin cash and ethereum, are becoming accepted in the Washington D.C. halls of power — evidenced by the member of Congress and the chair of the House Judiciary Committee Bob Goodlatte's crypto holdings. Goodlatte ...

Bitcoin Price Back Over $7000 on Growing Support From Wall Street – Bitcoinist


Bitcoinist

Bitcoin Price Back Over $7000 on Growing Support From Wall Street
Bitcoinist
Bitcoinist reported yesterday that Goldman Sachs is moving to solve Bitcoin‘ main obstacle for institutional investors: custody. This comes hot on the heels of other companies like the operator of the New York Stock Exchange (NYSE) and Starbucks
For Wall Street, Bitcoin ETF Decision Could Answer ‘$1 Billion …CoinDesk
Three Points Of Difference Between Bitcoin ETFs And Commodity ETFsInvestopedia (blog)
What Will It Take to Get the Bitcoin ETF Approved?CryptoSlate
CCN –Bluematrix
all 30 news articles »

Bitcoinist

Bitcoin Price Back Over $7000 on Growing Support From Wall Street
Bitcoinist
Bitcoinist reported yesterday that Goldman Sachs is moving to solve Bitcoin' main obstacle for institutional investors: custody. This comes hot on the heels of other companies like the operator of the New York Stock Exchange (NYSE) and Starbucks ...
For Wall Street, Bitcoin ETF Decision Could Answer '$1 Billion ...CoinDesk
Three Points Of Difference Between Bitcoin ETFs And Commodity ETFsInvestopedia (blog)
What Will It Take to Get the Bitcoin ETF Approved?CryptoSlate
CCN -Bluematrix
all 30 news articles »

Tom Lee: “Bitcoin Is The Best House In A Tough Neighborhood”

Tom Lee, often regarded as Wall Street’s foremost Bitcoin permabull, recently made an appearance on CNBC “Fast Money” to outline why Bitcoin could still see further upside. Market Dominance Reflects Bitcoin Bulls On Monday afternoon, Tom Lee, the Head of Research at Fundstrat Global Advisors, highlighted the importance of Bitcoin’s dominance figure for CNBC viewers.

The post Tom Lee: “Bitcoin Is The Best House In A Tough Neighborhood” appeared first on NewsBTC.

Tom Lee, often regarded as Wall Street’s foremost Bitcoin permabull, recently made an appearance on CNBC “Fast Money” to outline why Bitcoin could still see further upside.

Market Dominance Reflects Bitcoin Bulls

On Monday afternoon, Tom Lee, the Head of Research at Fundstrat Global Advisors, highlighted the importance of Bitcoin’s dominance figure for CNBC viewers.

The analyst, who has become well-known for his cryptocurrency-related insight, brought attention to the Bitcoin’s historical command over the industry, with the asset holding an 80% (or more) market share value for the better part of ten years. The Fundstrat executive went on to note that altcoins have since seen positive price action, moving Bitcoin’s dominance to an all-time low at 37% in January as a direct result of ICOs and overly-ambitious projects.

While many expected Bitcoin to recede into obscurity as 2018 moved forward, Lee added that Bitcoin’s recent resurgence suggests that Bitcoin still holds the coveted position as the most reliable cryptocurrency investment. He elaborated, stating:

“Bitcoin’s dominance has been creeping up. In fact, in the last couple of weeks, it has soared to the highest level all year and it has hit about 48%. So it tells us that the news we have seen, from the SEC saying that Bitcoin is a commodity, to ICE’s announcement and a potential for a (Bitcoin) ETF, are causing investors to decide that Bitcoin is the best house in a tough neighborhood. So I think that Bitcoin dominance is actually showing that the market is reacting to what is good news.”

This Bitcoin-centric bull sentiment has become a common sight in the eyes of investors, with industry leaders like Galaxy Digital’s Mike Novogratz and Peter Smith of Blockchain both indicating that they see Bitcoin outperforming the market in the near future. Whether this sentiment is a result of the positive news surrounding Bitcoin-related products, or institutional affection specifically aimed at this asset, still remains to be seen.

“This (Decline) Is In-Line With Previous Bear Retracements”

Lee went on to bring attention to the so-called “Bitcoin Misery Index (BMI),” which aims to encapture what a “holder of Bitcoin would be feeling” at any point in time. The BMI indicator tends to be a contrarian indicator, added the analyst, with an under 27/100 rating often catalyzing a Bitcoin uptick, instead of a downtrend as some would rightfully assume. As it stands, the BMI sits at a comfortable rating of 39, which Lee went on to note that this should not be a bearish signal for investors. The Bitcoin bull declared:

“Bitcoin isn’t broken if it’s holding at these levels. I think people are afraid it is going to go back down to $6,000 and never come back from those bear markets.”

As pointed out by a Fast Money panelist, the cryptocurrency market is often subject to tri-yearly cycles with Bitcoin seeing declines of up to 90% before establishing new all-time highs. Taking these cycles into account, the panelist went on to query Lee on whether he sees 2018’s drawback as out of the ordinary in any matter. Responding as any Bitcoin bull would, Fundstrat’s Head of Research stated:

“I do think its in-line with previous sort-of bear retracements, Bitcoin is just much bigger now, so it is much more dependent on new fiat inflows… We have to think about how is someone either in Asia – because that’s where a lot of the new money comes from – or who’s a traditional investor going to feel willing to buy Bitcoin. I think that these announcements that we are seeing are actually positive, but in some ways, Bitcoin is a show-me token.”

Closing off his segment on the show, Tom Lee added that the cryptocurrency market is still in its early stages, likening this nascent industry to the internet in 1994. If cryptocurrencies reach internet-levels of adoption, as Lee fully expects, cryptocurrency wallets could be used by up to four billion people as this technology hits the mainstream.

Oddly enough, Lee made no mention of his controversial $25,000 price prediction during this Fast Money episode, so it remains to be seen if this prediction is still on his radar.

 

Featured Image from Shutterstock

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Bitcoin News Daily Radio Show, 6th August 2018

In this edition of the Bitcoin News daily radio show, catch up with a Bitcoin market update, followed by a story about a study that found that the US dollar is dominant in the global Bitcoin markets. Hear how the ex-CTO of Qiwi used 100,000 payment terminals to mine 500,000 Bitcoins now worth USD 4 …

The post Bitcoin News Daily Radio Show, 6th August 2018 appeared first on BitcoinNews.com.

In this edition of the Bitcoin News daily radio show, catch up with a Bitcoin market update, followed by a story about a study that found that the US dollar is dominant in the global Bitcoin markets. Hear how the ex-CTO of Qiwi used 100,000 payment terminals to mine 500,000 Bitcoins now worth USD 4 billion, and about Bitcoin Dealer Morpheus Titania ending up in prison for 41 months after police entrapped him, serving as a warning for Bitcoin dealers operating without licenses.

Bitcoin News will have a new radio show every day, and it is available on Anchor, Google Podcasts, and Spotify.

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The post Bitcoin News Daily Radio Show, 6th August 2018 appeared first on BitcoinNews.com.

Goldman Sachs Considers Offering Cryptocurrency Custody Services

New York-based multinational investment bank Goldman Sachs is making another step forward in its bet on the cryptocurrency market. The firm, led by chairman and CEO Lloyd Blankfein, is reportedly considering a plan to offer custody for cryptocurrency funds. A large and credible institutional player becoming a custodian could be the news the crypto industry

The post Goldman Sachs Considers Offering Cryptocurrency Custody Services appeared first on NewsBTC.

New York-based multinational investment bank Goldman Sachs is making another step forward in its bet on the cryptocurrency market. The firm, led by chairman and CEO Lloyd Blankfein, is reportedly considering a plan to offer custody for cryptocurrency funds. A large and credible institutional player becoming a custodian could be the news the crypto industry in the United States was waiting for.

Goldman Sachs Becoming Custodian of Cryptocurrency Could Be a ‘Game Changer’

Custody services of cryptocurrencies are a game changer for the market within the institutional scope. San Francisco-based virtual currency exchange Coinbase, the largest operator in the United States with over 13 million users (data of November 2017) and $1 billion in revenue, was the first to offer custody services to institutional clients, which means the company holds securities on behalf of the funds, hence reducing risk for customers.

While being a giant among its cryptocurrency peers, Coinbase is still a young company and fully invested in one single and volatile asset class. Goldman Sachs, on the other hand, has a long history of success in investment banking and is one of the most powerful influencers in capital markets. The entry of Goldman Sachs in the cryptocurrency market as a custodian could make a significant impact on the ecosystem as institutional players would most likely lower their concerns about losing their funds to hackers. The initiative might also move prime brokerage services providers into the digital asset class.

“In response to client interest in various digital products we are exploring how best to serve them in this space, At this point, we have not reached a conclusion on the scope of our digital asset offering”, a spokesperson for Goldman Sachs told Bloomberg.

The investment bank has been regularly on the news for its efforts to dive into the cryptocurrency market by creating “its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients”.

Ari Paul, the co-founder of BlockTower, said the lack of trusted custodianship and a suite of institutional cryptocurrency products was the last barrier preventing institutional investors from entering the cryptocurrency market. Goldman Sachs’ entry as a custodian might be the much-needed push for the capital markets industry.

The Bloomberg report also added that at least three large Wall Street custodians are developing or exploring cryptocurrency custody services: Bank of New York Mellon Corp., JPMorgan Chase & Co., and Northern Trust Corp.

 

Image from Shutterstock

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IOTA Price: Onslaught Continues While Other Markets Begin to Recover

Today will prove to be another interesting day for Bitcoin and all other cryptocurrencies. Although there is still a lot of bearish and sideways momentum in play, things may finally start to turn around. For some unknown reason, the IOTA price is still getting battered, as it continues to dip lower every single day. IOTA […]

Today will prove to be another interesting day for Bitcoin and all other cryptocurrencies. Although there is still a lot of bearish and sideways momentum in play, things may finally start to turn around. For some unknown reason, the IOTA price is still getting battered, as it continues to dip lower every single day.

IOTA Price Can’t Catch a Break

Even though the year 2018 hasn’t been a good one for most cryptocurrencies, it seems some currencies are still getting battered much harder than they really should. In the case of the IOTA price, the overall negative pressure continues to mount, even though most other markets are going through as all recovery process as of right now. This conflicting market momentum raises a lot of questions which aren’t easy to answer.

Over the past 24 hours, the IOTA price has managed to lose another 12.52% in value. Because of this ongoing decline, its value has been pushed down to $0.785 again. Very strange, considering the IOTA price was seemingly underway to hit $1 just a few days ago. The market has suddenly turned on IOTA altogether, and the outflow of money is only intensifying as more time progresses.

Compared to Bitcoin, things are looking rather dire for IOTA at this stage. A big loss in the MIOTA/BTC ratio explains why this altcoin is losing so much value at an accelerated pace. However, it doesn’t explain why IOTA lost 12.95% over Bitcoin. What the exact reason for this sell-off is, will remain unclear for some time to come.

In terms of IOTA trading volume, things are not looking all that great either. One can easily blame the overall cryptocurrency trading volume, which is well below what it should be at this stage. For IOTA, just $110.5m in 24-hour trades isn’t all that great, especially when considering how most of that volume stems from people selling their holdings in favor of other currencies.

Bitfinex leads the pack with its USD pair. That should indicate fresh capital is entering the market, yet the opposite appears true. Its BTC pair is in third place, separated by Binance’s USDT offering. OKEX adds another USDT pair to the list, and Binance completes the top five with its IOTA/BTC market. Surprisingly, the IOTA price on Binance is nearly 10% higher compared to other exchanges. A small arbitrage opportunity to take advantage of, perhaps.

It is unclear what the coming hours and days will bring for the IOTA price. This current momentum doesn’t exactly look promising, but it may very well be a temporary setback triggered by an unknown event. Even so, one can’t deny the IOTA price has been on a strong decline for several months in a row now. That situation may not change in the foreseeable future.

Bitcoin Price Watch: BTC/USD Eyes Recovery Towards $7,100

Key Points Bitcoin price declined to a fresh weekly low at $6,834 and later recovered against the US Dollar. There is a key connecting bearish trend line formed with resistance near $6,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading with a positive angle and it

The post Bitcoin Price Watch: BTC/USD Eyes Recovery Towards $7,100 appeared first on NewsBTC.

Key Points

  • Bitcoin price declined to a fresh weekly low at $6,834 and later recovered against the US Dollar.
  • There is a key connecting bearish trend line formed with resistance near $6,960 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is currently trading with a positive angle and it could recover above $7,000 and $7,050.

Bitcoin price is under pressure below $7,120 against the US Dollar. However, BTC/USD may perhaps correct higher in the short term towards $7,050 and $7,100.

Bitcoin Price Analysis

After a correction above the $7,120 level, bitcoin price a strong resistance near $7,160 against the US Dollar. The BTC/USD pair started a downward move and broke the $7,050 and $7,000 support levels. The decline was such that the price even broke the $6,884 low. A new weekly low was formed at $6,834 before buyers appeared. The price recovered above $6,900 and the 23.6% Fib retracement level of the last decline from the $7,163 high to $6,834 low.

At the moment, the price is attempting to clear the $6,960 and $7,000 resistances. There is also a key connecting bearish trend line formed with resistance near $6,960 on the hourly chart of the BTC/USD pair. Should there be a close above the $7,000 resistance, the price may test the $7,080 level. It represents the 76.4% Fib retracement level of the last decline from the $7,163 high to $6,834 low. Above this, a crucial resistance awaits near $7,120 and the 100 hourly simple moving average. A successful close above $7,120 may well open the doors for more upsides in the near term.

Bitcoin Price Analysis BTC

Looking at the chart, BTC price is trading in a bearish zone, but short-term recoveries are possible above $7,000. On the downside, a break below $6,850 might clear the path for a push towards $6,500.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is positioned just above the 50 level.

Major Support Level – $6,850

Major Resistance Level – $7,120

The post Bitcoin Price Watch: BTC/USD Eyes Recovery Towards $7,100 appeared first on NewsBTC.

Trigger Warning: Why the 3D-Printed Gun Debate Matters to Crypto

No matter where you stand on guns, U.S. states’ attempt to silence the publication of software files should be concerning to the blockchain community.

No matter where you stand on guns, U.S. states’ attempt to silence the publication of software files should be concerning to the blockchain community.

Ethereum Classic Price Analysis: ETC/USD Surging, Dips Remain Supported

Key Highlights Ethereum classic price rocketed higher and broke the $16.00 and $18.00 resistances against the US dollar. There is a major bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may correct a few points, but dips remain supported near the

The post Ethereum Classic Price Analysis: ETC/USD Surging, Dips Remain Supported appeared first on NewsBTC.

Key Highlights

  • Ethereum classic price rocketed higher and broke the $16.00 and $18.00 resistances against the US dollar.
  • There is a major bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair may correct a few points, but dips remain supported near the $18.40 and $18.20 levels.

Ethereum classic price surged higher against the US Dollar and Bitcoin. ETC/USD is placed in a bullish zone above the $18.00 pivot level.

Ethereum Classic Price Trend

There was a strong support base formed near $14.50 level in ETC price against the US dollar. The ETC/USD pair gained bullish momentum above $15.00 after the Coinbase listing. The price jumped higher and broke many resistances like $16.00, $17.00 and $18.00. There was also a break above the $20.00 handle and a high was formed at $21.02.

Later, the price corrected lower and traded below the $20.00 level. There was a break below the 23.6% Fib retracement level of the last wave from the $15.78 low to $21.02 high. However, there are many supports on the downside above the $18.00 level. More importantly, there is a major bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair. The trend line support coincides with the 50% Fib retracement level of the last wave from the $15.78 low to $21.02 high. Therefore, if the price corrects lower from the current levels, it may well find bids near the $18.40 and $18.20 levels.

Ethereum Classic Price Analysis ETC USD

The chart suggests that ETC price is placed nicely in a bullish zone above $18.00. Once the current correction is over, it could make another attempt to surpass the $20.00 level. The next resistances above the $20.00 level are sitting near the $21.00 and $21.80 levels.

Hourly MACD – The MACD for ETC/USD is placed nicely in the bullish zone.

Hourly RSI – The RSI for ETC/USD is well above the 50 level.

Major Support Level – $18.20

Major Resistance Level – $20.00

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