Crypto in Press [2018-06-14] - Steve Bannon, Walmart, Developer of Adblock, Thailand and ICOs and more

mezmerizer9 (1)(1)in #crypto-news • 6 years ago (edited)

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#1 Former Trump Advisor Steve Bannon Calls Crypto ‘Revolutionary’

#2 Walmart Patent Envisions Bitcoin-Powered Electrical Grid

#3 Bitcoin Price Boosted By Market Manipulations, Researchers Claim

#4 Developer of Adblock Plus to use Blockchain Tech to Spot Fake News

#5 Thailand Expects to Approve Five ICO Projects out of 50

#6 With the Bitcoin Price Falling, Tim Draper Assures It Will Go Up to

#7 MARKETWATCH: Here’s why bitcoin is falling

#8 FinTech Blockchain Market Worth 6,228.2 Million USD by 2023

#9 Positive Bitcoin Price Momentum in Late 2018 Is Still Very Much Pos

#10 Bitcoin Prices Stabilize Above $6K – But Will They Stay?

1. Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, is planning to enter the world of crypto, the New York Times reports today, June 14.

The New York Times reports that Bannon is currently planning his foray into the world of cryptocurrencies and Initial Coin Offerings (ICO). According to the Times, Bannon has held private meetings with both crypto investors and hedge fund managers about the possibility of issuing an ICO through his investment firm, Bannon & Company.

However, Bannon told the New York Times that he would not be specific about his crypto plans, as linking his constroversial reputation to projects could hurt their chances of success.

Bannon — who the Times reports has a “good stake” in Bitcoin (BTC) — ran alt-right, anti-establishment media outlet Breitbart News until January of this year. He also served in the Trump administration until his dismissal in August 2017, allegedly due to his critical remarks about the president in Michael Wolff’s book Fire and Fury.

2. The system, outlined in a patent awarded by the US Patent and Trademark Office (USPTO) on Thursday, is designed to help organizations better manage the energy usage of individual electrical devices. Walmart first applied for the patent in Dec. 2017.

3. Bitcoin’s 2017 Bull Run may have been no more than market manipulation, according to a study released on Wednesday by the University of Texas. The study claims that Tether, a digital currency tied to the U.S. dollar, may have been used to artificially inflate Bitcoin prices. The paper stated that at least half of the

4. Eyeo GmbH, the developer of Adblock Plus, now uses the blockchain technology in its Trusted News browser extension. They introduced a beta Chrome extension, Trusted News that will use blockchain to help verify if a site is reliable. Once added to the browser, the extension shows a small window with a brief description of a

5. The Thai financial regulator is expected to approve five ICO projects once the new regulatory framework takes effect this month. Out of 50 ICO projects in the country, only five satisfy the registration requirements set out by the regulator this week.

Five ICO Projects Expected to be Approved
Thailand Expects to Approve Five ICO Projects Out of 50The Thai Securities and Exchange Commission (SEC) is expected to approve five initial coin offering (ICO) projects once the law to regulate cryptocurrencies and ICOs goes into effect, according to the Bangkok Post. The Commission approved the relevant regulations earlier this week and expects them to become law by the end of the month, as news.Bitcoin.com previously reported.

6. With the Bitcoin Price Falling, Tim Draper Assures It Will Go Up to $250,000

The value of Bitcoin (BTC) is experiencing its new low since February 2018, trading slightly above $6,430. The digital currency has fallen by more than 11%, pushing its monthly losses to the mark of 25%. However, Bitcoin bull Tim Draper believes that the crypto coin can reach $250,000 in a four-year term.
The reduction in price seems to be gaining momentum, as bitcoin trading is currently conducted on the level of $6,430. However, the crypto market evidences a high selling pressure. If we look closely at the 4-hour timeframe chart, it will show that the price of Bitcoin has not managed to go further than $9,500 in May. Besides, we can point out a couple of support zones, but they have failed to resist to the prolonged bear pressure.

7. How low can bitcoin go? That’s the question market participants are posing as the price of the No. 1 digital asset has unraveled toward multimonth lows in recent weeks.

The value of a single bitcoin recently traded to $6,133.31 Wednesday, representing its lowest level since Feb. 5. The computer-driven currency is now down more than 40% year-to-date, raising the persistent concern about the depths to which the nascent asset, which hit a peak nearing $20,000 in December, can reach.

Analyst Jani Ziedins, who predicted the move lower, summed up market sentiment in a recent blog post. “Last week’s $9k support has turned into this week’s $8k support. And thus far it is giving every indication that $7k will become next week’s support. I hope you see the trend here,” he wrote.

8. According to a new market research report “FinTech Blockchain Market by Provider, Application (Payments, Clearing, and Settlement, Exchanges and Remittance, Smart Contract, Identity Management, and Compliance Management/KYC), Organization Size, Vertical, and Region – Global Forecast to 2023”, published by Markets and Markets™, the market size is expected to grow from USD 370.3 Million in 2018 to USD 6,228.2 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 75.9% during the forecast period.

9. The Bitcoin price is not in a good place right now. That situation will not change anytime soon. When looking at the long-term picture, however, a lot of things may change in the coming months. It has become easy to overlook the positive developments happening in the Bitcoin world today.

10. Bitcoin (BTC) has made a 6 percent recovery from the 90-day low hit on Wednesday, neutralizing the immediate bearish outlook.

The leading cryptocurrency fell to $6,108 at around 16:30 UTC yesterday on Bitfinex – its lowest level since February 6 – bolstering the already oversold conditions shown by the daily relative strength index (RSI) yesterday.

Hence, the subsequent recovery to $6,500 levels currently is hardly surprising and indicates that bitcoin may have found a temporary bottom around $6,100. However, long-run technical setup remains bearish and the battered bulls will want to see a stronger evidence of bear exhaustion before hitting the market with fresh bids.

Consequently, the market could remain directionless over the next 48 hours and bargain hunters may chip in later if the cryptocurrency looks stable around $6,500.

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6 years ago in #crypto-news by mezmerizer9 (1)(1)

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biblegateway (-5)(1) 6 years ago

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Crypto in Press [2018-06-14] - Steve Bannon, Walmart, Developer of Adblock, Thailand and ICOs and more

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