Bitcoin price is 3–4 weeks away from new $24K–$29K range, market analyst warns


Cointelegraph 09 July, 2021 - 07:46am 14 views

When is ETH London hard fork?

Ethereum's long-awaited London hard fork is likely to launch on Aug. 4 between 13:00 UTC (9 a.m. ET) and 17:00 UTC, with block 12,965,000. Many Ethereum enthusiasts are excited for the delayed release, while some are watching on with “cautious optimism.” Yahoo FinanceEthereum’s London Hard Fork Expected to Launch on Aug. 4

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It's Thursday, and cryptocurrencies are crashing. As of 10 a.m. EDT, the prices of several of the biggest names in cryptocurrency are tumbling:

Why is that? Well, the most obvious answer appears to be government regulation.

In the United Kingdom for example, regulators at the Financial Conduct Authority have ordered Binance, the world's largest crypto exchange by trading volume, to post a notice on its website advising that "it is not authorized to operate in the U.K.," reports CNBC today. The news agency further notes that "customers were temporarily unable to make card withdrawals due to an issue with the U.K.'s Faster Payments system," which one would expect to make traders nervous about holding their cryptocurrency. Furthermore, local bank Barclays "has blocked customers from sending payments to the crypto exchange."  

Nor are U.K. regulators the only ones meddling in the cryptocurrency market. China's aversion to crypto is by now well known. And even in the United States, high profile Sen. Elizabeth Warren, who chairs the Senate's Subcommittee on Economic Policy, has commented that she wants to see "common-sense regulations" of cryptocurrency in the U.S. Worrying that the erratic swings in the prices of cryptocurrencies such as Bitcoin, Dogecoin, and Ethereum will "end badly" for traders, she has ordered the Securities and Exchange Commission to "use its full authority" to regulate the market, and wants to hear how they plan to do it by July 28.  

Long story short, while tightened regulation of cryptocurrency in the U.S. hasn't happened yet, there's now a firm date on the horizon -- less than three weeks from now -- when new regulations may be proposed.

Knowing that regulation is coming, but not yet knowing just what form it will take, has to make cryptocurrency traders at least a little bit nervous, and that nervousness is showing up in the prices of Bitcoin, Dogecoin, and Ethereum today.

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Dogecoin Succumbs to Selling Pressure as Altcoins Feel the Heat

Yahoo Finance 08 July, 2021 - 08:23am

Dogecoin appears to have been swept up in the broader crypto market downturn, as altcoins, in general, are getting hit. The consensus on social media channels is that Dogecoin is just following bitcoin lower in sympathy.

Some investors are blaming the emergence of Dogecoin spin-offs for the selling pressure, saying the rise of other dog-related coins looking to ride on the coattails of the original Doge, in addition to “a few confusing Elon [Musk], tweets,” is dividing the market.

One popular trader, Michaël van de Poppe from the Amsterdam Stock Exchange, is fully expecting altcoins to break out higher, even outshining their larger peer bitcoin, “in the coming period.”

Brown touted the project’s mission to save dogs, pointing out that the Baby Doge Coin team has given close to USD 100K to the cause. The Nascar driver is a dog owner himself and appreciates Baby Doge’s initiatives. He says,

“The car looks awesome and I can’t wait for everybody to see it on track this weekend.”

Baby Doge Coin claims to be “hyper deflationary,” unlike its parent Dogecoin, whose supply potentially has no limit. Baby Doge was launched a little over a month ago and has caught on like wildfire. Since that time, it is not uncommon to see Baby Doge trending on Twitter, not least thanks to the attention billionaire Elon Musk has given the project on social media.

This article was originally posted on FX Empire

It’s a bearish start to the day. Failure to move through the day’s pivot level would leave Dogecoin in the deep red for the day.

FYI Travis, we also accept prezzies

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MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said on Friday a video showing one of his younger brothers receiving cash from a political operator was part of an ongoing campaign by his adversaries to discredit him. In the video, released by Mexican news outlet Latinus, a man hands Martin Jesus Lopez Obrador an envelope stuffed with a large stack of bills, which a narrator says totaled 150,000 pesos ($7,500) and were part of a recurring set of payments. "But my conscience is clear," added Lopez Obrador, who has built his reputation as an indefatigable scourge of corruption.

Baby Doge, a "new crypto birthed by fans of the Doge Coin online community," is making its NASCAR debut Saturday, as the coin's branding will be featured on driver Brandon Brown's No. 68 Chevrolet...

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With the ebbs and flows of global markets, industries are born, mature, and sometimes fade away into the abyss of irrelevance. In recent years, we have seen crypto-mining, electric vehicles, and now the cannabis industry taking off. Although already legal in 36 states, the substance is still federally illicit, placing the publicly traded companies dealing with it in a precarious, yet potentially prosperous position. Once full legalization is reached in the U.S., most any company which handles ca

Sony posted an ad on Twitter this morning showing a dad capping off his day by playing some God of War. Typical fare, as far as these things go, except that the video also featured an upside-down PlayStation 5. Gasp! After fans pointed this out, the tweet got deleted with no explanation for its removal. But c’mon.

A team of astronomers has detected the first-ever direct evidence for the existence of a "hypernova," which is a type of very energetic supernova. The post Astronomers Find Direct Evidence for Theorized Hypernova appeared first on Nerdist.

Roger Nils-Jonas Karlsson, who ran one of the largest cryptocurrency Ponzi schemes prosecuted in the US, has been sentenced to 15 years in prison.

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The Pennsylvania Republican invested as much as $30,000 in Bitcoin and Ethereum days after he asked for revisions to proposed cryptocurrency rules.

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