Monday, July 23, 2018

Bitcoin Increase / Hashflare / SEC Comments / Liverpool

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Here are today's ten most important Bitcoin stories, efficiently ranked & summarized by smart humans, not algorithms:

$BTC (1:50 p.m. EST): $7,721.44 (2.82%) // 90-day high: $9,927.71 // 90-day low: $5,755.25/ / More

$BCH (1:50 p.m. EST): $789.26 (-2.52%) // 90-day high: $1,786.80// 90-day low: $608.37 // More

$ETH (1:51 p.m. EST): $456.08 (-2.23%) // 90-day high: $831.65 // 90-day low: $365.43 // More

$LTC (1:51 p.m. EST): $83.77 (-2.43%) // 90-day high: $251.03 // 90-day low: $73.12 // More

$XRP (1:51 p.m. EST): $0.44 (-2.97%) // 90-day high: $1.20 // 90-day low: $0.43 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. Bitcoin's price continued to rise Monday morning, reaching a two-month high. The coin traded above $7,770 on Coindesk, up roughly 20 percent in the past week. Part of the reason, one analyst said, could be an increased interest in cryptocurrency products, including a possible bitcoin ETF. These products lead to larger market stabilization, creating a bullish industry for investors. -CNBC

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2. Hashflare has stopped a number of its services, leading to speculation that the operation has gone out of business. The "cloud mining" service, which allowed customers to rent processing power from the bitcoin network, announced Friday it has canceled all its contracts and shut down its hardware. The company blamed "a difficult time for the cryptocurrency market," in an email to customers posted on the company's Facebook page. -FORTUNE

Hashflare stops a number of services
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3. The US Securities and Exchange Commission has received nearly unanimous support for Cboe's ETF proposal. According to multiple reports, 97 percent of the public comments submitted on the proposal was positive. Cboe has proposed a rule of change to list bitcoin shares tied to prices from the VanEckSolidX Bitcoin Trust. –CRYPTO DISRUPT

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4. Liverpool, England plans to use the blockchain to help mitigate the city's impact on the climate. The Liverpool City Climate will partner with the Poseidon Foundation to hold a year-long trial of a blockchain platform that will facilitate the exchange of tokenized carbon credits. The goal is to use the credits to offset the city's climate impact more than 110 percent. It is part of a larger effort to make Liverpool the world's first climate-positive city. –COIN TELEGRAPH

Liverpool to use blockchain for climate project
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5. Bitcoin's market dominance now sits at 45.7 percent, its highest total since last December. The cryptocurrency's market share has surged over the past two weeks as the coin has added more than $1,000 in value while altcoins have seen mixed results. Bitcoin has held its position because it has served as a successful store of value, at least compared to other cryptocurrencies. -BITCOINIST

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6. The European Union released a warning that bitcoin and other cryptocurrencies could become derailed by central banks.A report from the European Parliament Committee on Economic and Monetary Affairs, found that if large banks were to issue their own cryptocurrencies it could severely impact coins like bitcoin. The report argues that these banks could also institute denials of service, blocking access to exchanges or wallets for users to hurt the cryptocurrency market as well. -FORBES

EU releases warnings about cryptocurrencies
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7. Bitcoin Improvement Proposal 174 was added to bitcoin's official repository. The proposal would allow bitcoin users to perform offline transactions without having to upload them to the network immediately, if approved. –ETHEREUM WORLD NEWS

8. Liechtenstein, a country with only 36,000 citizens, has positioned itself as a haven for blockchain companies. The country's leaders have created relaxed regulations for blockchain firms to encourage them to set up operations. –VENTURE BEAT

9. It looks like investors pulled a pump and dump scheme with bitcoin diamond. The coin saw a 50 percent price increase in just 24 hours. –NEWS BTC

10. This article takes a look at a town in Switzerland that has become a blockchain factory, of sorts. IBM has used the town as a testbed for new blockchain projects and innovations that go beyond the technology's original intent. –SWISS INFO

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From the Forums

A beginner's guide on how to PWN FoMo3D.

A Venezuela resident talks bitcoin cash.

Litecoin – about eight months ago.

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