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More trouble for Facebook’s Libra, Bitcoin falls below key indicator and more

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More trouble for Facebook's Libra, Bitcoin falls below key indicator and more


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

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Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.