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Bitcoin price – live: Crypto market is ‘a ticking time bomb’ as rumours hint at Apple investment



Bitcoin fell in price earlier in the week after taking three days to recover from a mini-flash crash last Thursday.

Bitcoin traded at just over $ 33,000 on Tuesday, with many leading cryptocurrencies also seeing similar price drops. Binance Coin, Ethereum (Ether), Ripple (XRP) and Dogecoin all fell 3-6 percent overnight.

Rumors on the internet claim that Apple is on the verge of announcing a large investment in Bitcoin, although there is currently nothing to back it up.

Recent moves have failed to rip Bitcoin out of its recent stasis as the world’s leading cryptocurrency moves less than 1 percent from week to week. It hasn’t jumped above $ 36,000 or below $ 32,000 since the end of June, though some analysts are hoping a big step is on the way.

According to an indicator, Bitcoin is about to trigger an important buy signal, similar to the one in October 2020.

Here you can follow all the latest news and analysis.

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The USA reports the strongest rise in inflation since 2008

In its June 2021 consumer price index released today, the US Department of Labor reported the strongest 12-month inflation rise since 2008.

Consumer prices rose 5.4 percent last year as the economy struggles to recover from the pandemic.

This means that the dollar’s purchasing power is much lower than it was at that time last year, which is driving up prices for everyday goods and services such as cars, furniture and restaurants. Despite the recent drop in prices, Bitcoin’s value against the dollar has tripled over the same period.

Bitcoin proponents took the opportunity to also highlight the non-inflationary nature of Bitcoin, which has a built-in stash of 21 million coins that makes it immune to economic measures like quantitative easing. Among the most prominent proponents of the cryptocurrency were the Winklevoss twins, who called Bitcoin “the world’s best protection against inflation”.

Anthony CuthbertsonJuly 13, 2021 6:06 PM


Ethereum price drops below $ 2,000

The price of Ethereum (Ether) has fallen below $ 2,000 for the first time since late June.

According to CoinMarketCap, the world’s second most valuable cryptocurrency has fallen by more than 6 percent in the past 24 hours and by more than 15 percent on a weekly basis.

Of the top 10 leading cryptocurrencies, only Uniswap saw a major drop in price over the same period. Not a single one saw any gains.

You can read the full story from Andrew Griffin, tech editor for The Independent, here.

Anthony CuthbertsonJuly 13, 2021 2:10 p.m.


Bank of England reports “growing interest” in crypto from institutional investors

The Bank of England has highlighted the growing trend of increasing institutional investments in Bitcoin and other cryptocurrencies, suggesting that there could be more big strides in the room in 2021.

The Financial Stability Report released today found that the price of Bitcoin increased six-fold in the 12 months leading up to April 2021, prompting institutional investors to take notice.

“Market information suggests that crypto assets are largely held by retail investors, with institutional investors currently having limited exposure,” the report said.

“However, there are some signs of growing interest in crypto assets and related services from institutional investors, banks and major payment system operators. These developments could strengthen the links between crypto assets and other systemic financial markets and institutions. “

Anthony CuthbertsonJuly 13, 2021 1:17 p.m.


Bitcoin price analyst predicts bullish breakout

A new research note from an analyst who predicted the recent crash in Bitcoin price has given an optimistic view of the current direction of the market.

Katie Stockton, founder of independent research firm Fairlead Strategies, wrote that Bitcoin is more likely to break the tight band between $ 32,000 and $ 36,000 within which it has been trading in recent weeks.

“The consolidation phase itself is neutral, but we believe a breakout is more likely than a collapse,” she wrote. “The medium-term dynamic has improved based on the MACD histogram (Moving Average Convergence Divergence).”

Anthony CuthbertsonJuly 13, 2021 11:29 AM


Elon Musk says his baby is a Dogecoin toddler hoddler

Elon Musk tweeted again about Dogecoin.

The Tesla CEO joked that if they spotted a Shiba Inu dog with its built-in cameras, the electric cars could dump Dogecoin.

“Maybe, if [Tesla Vision] sees a Shiba Inu, the car renders a Dogecoin, ”he wrote.

Anthony CuthbertsonJuly 13, 2021 10:17 am


BREAKING: Record crypto haul for the British police

The UK police have seized £ 294 million ($ 408 million) in cryptocurrencies as part of a money laundering investigation.

The loot, which the Met Police claims is record-breaking in size, consisted of unspecified crypto. Details of the seizure are not yet known.

Metropolitan Police Deputy Assistant Commissioner Graham McNulty said, “While cash is still king in the criminal world, as digital platforms evolve, we are seeing increasingly organized criminals using cryptocurrency to launder their dirty money.”

We’ll have more of this story as it develops.

Anthony CuthbertsonJuly 13, 2021 9:54 am


Rumors that Apple bought Bitcoin

Rumors are currently spreading on the Internet that Apple has invested heavily in Bitcoin.

Forums and social media are rife with claims that the tech giant will announce a $ 2 billion cryptocurrency purchase today, though these are just rumors for now.

It would make sense for Apple to invest its huge cash reserves in Bitcoin, just as Tesla did, but it would still be a risky move. With nearly $ 200 billion in cash in the latest quarterly report, $ 2 billion would be just 1 percent of the iPhone maker’s inventory. If that’s true, you could imagine that the price of Bitcoin would see a similar surge when Elon Musk announced Tesla’s crypto investment.

We asked Apple for a comment.

Anthony CuthbertsonJuly 13, 2021 8:54 am


Crypto market turns red

All of the most valuable cryptocurrencies by market cap are currently on the slide.

Not a single price has risen in the past 24 hours, with Ethereum (Ether) posting the largest losses according to CoinMarketCap’s index.

On a weekly basis, only Binance Coin saw its price spike, while Dogecoin saw the biggest drop of more than 10 percent.

Despite the market downturn, Bitcoin’s losses remain relatively insignificant compared to its volatility in the first half of 2021, and it continues to trade within the narrow band it has been in since late June.


Anthony CuthbertsonJuly 12, 2021 8:05 PM


Argentina law could pay workers in bitcoin

A member of the Argentine Congress tabled a bill that would allow workers to receive their salaries in bitcoin.

José Luis Ramón said: The idea is that they can strengthen their autonomy and maintain the purchasing power of their remuneration. “

Michael Saylor, CEO of MicroStrategy, noted that Argentina’s exchange rate against the dollar has “weakened from 15 to 174 in five years”.

He added, “That means $ 100 saved in ARS would be worth $ 8.62 today. If it were stored in BTC, it would now be worth $ 5,270. Bitcoin is hope for Argentina. “

Anthony CuthbertsonJuly 12, 2021 3:57 PM


Apple co-founder says bitcoin is better than gold

Apple co-founder Steve Wozniak launched his own cryptocurrency and described Bitcoin as better than gold.

When presenting his new WOZX token at the Talent Land Jalisco 2021 technology conference, Wozniak said: “Gold is limited and you have to look for it; Bitcoin is the most amazing math miracle. I don’t invest in Bitcoin, but I believe in it for the future. “

You can read the whole story here.

Anthony CuthbertsonJuly 12, 2021 1:35 p.m.

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Infinity Token Brings New Cryptocurrency Strategy to Buyers



Virtual currency trading and crypto mining make Infinity tokens self-sustaining while offering Ethereum dividends.

NEW YORK, NY / ACCESSWIRE / July 28, 2021 / The increasing demand for high quality cryptocurrency has spawned many new methods to profit from the coins or tokens without having to sell a position. Infinity Token offers a new system that rewards Ethereum (ETH) holders instead of the currency the investor already holds. The creators of Infinity Token say the goal is to create a strong tokenomics system that will reward participants and remain self-sustaining for a long time.

One of the big differentiators of Infinity Token is how the new system rewards people for holding Infinity Token ($ IT). Each transaction includes a 10% fee, which is divided into:

Rewards: 5% of the fee becomes a reflection that turns into ETH and can be claimed instantly at This reflection amount remains proportional to your ownership of $ IT.

Sustainability: The other 5% of the fee goes to a development tax (which funds the “Growth Wallet”) which is used to buy ASIC mining rigs for Bitcoin mining. Profits from oil rigs buybacks and other aspects of token sustainability such as cash injections.

Simply being an investor becomes lucrative with this system, say the makers of Infinity Token. Buyers can hold their $ IT until liquidated for ETH, or hold for longer term to benefit from mining profit and ETH reflection. Instead of buying their own mining rigs, investors are essentially buying into community-owned crypto mining rigs. This community buys and powers the drilling rigs which are then used to mine BTC. “$ IT owners benefit directly from crypto mining with little effort,” explains the company.

Infinity Token reassures investors that it has worked through the numbers and created a cycle that can continue indefinitely known as the “Infinite Cycle”. The company says all profits will remain public so investors can see where the fees are going. The rigs purchased will be used to mine BTC and these profits will be used to buy back $ IT to maintain the token price and support trading activity.

The story goes on

Infinity Token also plans to use its website to educate buyers about cryptocurrencies so they can invest with confidence. Infinity Token follows a fair starting principle without pre-sale. Interested investors can read educational articles, news, and daily tips to help them make good decisions about their crypto future. The company plans to host in-person crypto mining meetups to incentivize people to buy, hold and trade the token.

Infinity Token says it will be one of the first to implement ETH considerations for holders. This makes the company a pioneer in its mission. The sustainable trading volume, the mining concept and the buybacks define the $ IT ecosystem. Infinity Token will officially start trading on Uniswap on August 6th at 9:00 p.m. EST.

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Infinity token

SOURCE: Infinity token

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Mastercard Launches Global Program to Help Cryptocurrency Startups Scale Their Innovations – Featured Bitcoin News



Payment giant Mastercard has launched a new global program for cryptocurrency startups. Seven crypto companies have already joined the program. Together with Mastercard, they will work on “expanding and accelerating innovations in digital asset technology and making it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets”.

The new crypto program from Mastercard

  • Mastercard announced Tuesday “a new Start Path global startup engagement program to support fast-growing digital assets, blockchain and cryptocurrency companies.”
  • Seven startups have already joined the program. They will partner with Mastercard “to expand and accelerate innovation in digital asset technology and make it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets,” the announcement reads .
  • Startups include GK8, Mintable, Stacs and Supraoracles. GK8 (Israel) is a self-managed end-to-end institutional crypto-custody platform. Mintable (Singapore) is a marketplace for non-fungible tokens (NFT), Stacs (Singapore) offers a blockchain infrastructure for the financial industry and Supraoracles (Switzerland) is a blockchain oracle.
  • The other companies that have joined the program are Taurus, Uphold, and Domain Money. Taurus (Switzerland) offers an enterprise-class infrastructure for the management of all digital assets, including crypto-assets, digital currencies and tokenized assets, covering issuance, custody, asset servicing and trading. Uphold (USA) is a crypto investment and payment service provider for consumers and businesses, and Domain Money (USA) aims to build an investment platform to bridge the gap between digital assets and traditional financing for retail investors.
  • The Start Path program has helped more than 250 startups since 2014, the announcement said. The program now gives crypto startups access to “the latest Mastercard tools and solutions to help these companies scale their innovations and cutting-edge technologies”.
  • Mastercard stated, “These startups are using the program to connect with our ecosystem of banks, retailers, partners and digital players around the world to provide new solutions.”
  • Jess Turner, Executive Vice President of New Digital Infrastructure and Fintech, commented, “Mastercard has been dealing with the ecosystem of digital currencies since 2015” and states:

As a leading technology provider, we believe that we can play a key role in digital assets, shaping the industry and providing consumer protection and security. Part of our role is to shape the future of cryptocurrency, and we do it by combining common financial principles with innovations for digital assets.

  • Last week Mastercard announced an expansion of its card program for cryptocurrency wallets and exchanges with the aim of “making it easier for partners to convert cryptocurrency to traditional fiat currency”.

What do you think of Mastercard’s new program for crypto startups? Let us know in the comment section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Ethereum Devs Grapple With Worst-Case Scenarios



This week I’ll be discussing the impact of last Wednesday’s test network issues that uncovered a bug in Ethereum’s majority software client, Geth. Although a patched version of the Geth software has now been released for London, some users, developers and mining pools are calling for further testing of the upgrade, which is set to go live next week.

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter, which breaks down Ethereum 2.0 and its far-reaching impact on the crypto markets. Subscribe to valid points here.

Pulse control

Below is an overview of the network activity on the Ethereum 2.0 Beacon Chain over the past week. For more information on the metrics featured in this section, check out our 101 Eth 2.0 Metrics Explainer.

Related: The Node: Goldman’s ‘DeFi’ ETF is doing nothing

Disclaimer: All profits from CoinDesk’s Eth 2.0 staking business will be donated to a charity of the company’s choice once broadcasts are enabled on the network.

New frontiers

As Ethereum prepares to activate its 11th backward incompatible upgrade, also known as the “hard fork,” on Wednesday August 4th, some developers fear the upgrade may require further testing before deployment.

Shortly after the bi-weekly Ethereum core developer meeting on Friday, July 23rd, Tim Beiko of the Ethereum Foundation wrote in the All Core Developers Discord chat room: “A few people got in touch or tweeted that they are not necessarily happy not to hesitate [the hard fork] … I asked about it [in the meeting] and no one seemed to have a strong opinion, but some people mentioned that this may not be the right approach. ”

In response to Beiko’s comment, Ethereum software client developer Alexey Akhunov said he agreed that it was “strange” that in the bi-weekly meeting, given recent events, there was no further discussion of a possible delay in the hard fork called ” London ”.

The story goes on

Related: How To Fix Ethereum MEV Problem And Give Best Price To Traders

“I suppose I know why,” wrote Achunov. “Delay [London] is a sensitive topic and nobody wants to take the heat, understandable. ”

Others in the chat room begged the Ethereum developers to seriously consider postponing London for a few weeks for further testing.

The backstory

Concerns about the risks of the London upgrade – which includes a controversial code change affecting Ethereum’s fee market known as the Ethereum Improvement Proposal (EIP) 1559 – grew after a bug in the Ethereum software client Geth was discovered.

In the background, Geth is the most popular software used to connect to Ethereum. According to, an estimated 86% of all computers, also known as nodes, that are synchronized with the Ethereum network are running Geth client software.

On Wednesday July 21, the Ethereum test network Ropsten, which activated the London hard fork a month ago, suddenly experienced a chain split after an invalid transaction was mined into a block by Node with Geth while being visited by Nodes with minority customers and . Open Ethereum.

Within a few hours, the Geth team released a hotfix and all users were asked to update their software to the latest version number Terra Nova 1.10.6.

The solution

While no developer argued that the bug should delay activation of the main London network during Friday’s call, some developers discussed the appropriate course of action if such a bug were discovered on Ethereum rather than a test network.

“What would we do if something like this happened on the mainnet, especially in a place where Geth, the majority customer, is producing blocks? It obviously takes several hours to find a solution, ”Beiko said during the meeting.

Martin Holst Swende of the Ethereum Foundation pointed out that these errors are not an unprecedented occurrence with Ropsten, and while they are “a thrill” there are two ways to fix them.

First, if a user’s node follows the wrong version of the blockchain, the user must internally rewind the chain back to the block before splitting the chain and using the patched geth software to sync it with the new chain. Second, if a user’s node is not already in sync with a version of the blockchain but tries to connect to the network to collect data about recent transactions or to execute transactions, the user may end up connecting to the wrong version of the Make a chain. To avoid this, these users need to “whitelist” certain nodes on Ethereum that follow the correct chain and isolate them from others who are in the wrong chain.

The fallout

Both rewinding and whitelisting of Ethereum nodes can be done via Geth. The miners at Ropsten were able to use these tactics to resolve the chain split that took place last Wednesday, although a miner discovered during the meeting on Friday that instructions to repair chain splits were not communicated effectively prior to the incident on Wednesday and accordingly many miners were confused how to reboot their nodes properly.

The user “AlexSSD7” wrote in the Discord chat room that he, as a representative of an Ethereum mining pool, was “concerned” about the error in Geth and remarked: “A single minute [of network] Downtime costs us a lot. One hour of downtime costs us $ 20,000. ”

Unexpected errors in the client software would indeed be disruptive to exchanges and companies operating on the main network. For this reason, the developers emphasized the need for a robust monitoring system that could quickly alert node operators to chain splits and encourage them to suspend operations pending further investigation.

“This appears to be a fairly low-hanging fruit that gives the ecosystem a valuable tone. If you’re not sure how to get started, just ask on the Discord, ”Beiko said at the session on Friday.

While these solutions would surely be helpful if an error similar to the one that occurred on Wednesday after London was deployed on the mainnet again, they would not necessarily be the same solutions used to fix bigger problems such as hacker magically prints 100 million ETH.

In the event of such a catastrophic event, Danny Ryan of the Ethereum Foundation said in Friday’s session that it would be difficult to know in advance how the developers would go about it.

“I think there are just a lot of options for the many kinds of bugs and many kinds of specifics that will come up,” said Ryan.

The more severe the impact of a network failure, the more intrusive the solution to fixing the failure is likely to be – and the more damaging Ethereum’s reputation as a secure blockchain becomes.

With increasingly ambitious hard forks on Ethereum’s development roadmap in the near future, it could soon become a must for developers to find potential solutions to worst-case scenario and mitigation plans with network stakeholders.

Validated Takes – EthCC Edition

The following is a special edition of Validated Takes highlighting a handful of panel discussions and keynote presentations from last week’s Ethereum community conference in Paris, France. The full conference agenda can be found on the EthCC official website.

“DeFi for Traditional Markets: When Security Tokens”, lecture by Fountain co-founder Mathieu Chanson. Highlights: Fountain is a decentralized exchange on Ethereum that allows users to buy and sell security tokens. Chanson highlighted the liquidity and accessibility that blockchain technology offers as it is accessible 24 hours a day and allows for immediate settlement. Tokenization of securities offers several other advantages, including transparency and fractionation of assets, which further increase accessibility. However, there are many challenges in creating a fully decentralized stock exchange. Onboarding clients and new securities requires compliance with international regulations, including know-your-customer laws and custody licenses.

“The Power of Credit Delegation”, lecture by Aave founder Stani Kulechov. Highlights: Aave is a decentralized credit protocol based on Ethereum. The team behind the protocol has developed a product that can grant loans without collateral. Kulechov believes this is a step forward to bring DeFi liquidity into the real economy and increase credit demand for Aave.

“Things that are important outside of DeFi”, lecture by Ethereum creator Vitalik Buterin. Highlights: In addition to financial services, social media and financing public goods are two activities that haven’t got off the ground on Ethereum. Buterin argues that the token economy and the network’s censorship resistance are two reasons these activities could benefit from being built on a decentralized blockchain.

“Uniswap, DeFi & the future of consumer finance”, talk from Uniswap growth leader Ashleigh Schap. Highlights: Uniswap Labs is trying to partner with blockchain infrastructure companies like Talos, Paxos and Fireblocks to connect DeFi solutions with the backend of well-known fintech companies like PayPal and E * Trade.

“Why DEXs Eat the World”, lecture by Curve protocol developer Julien Bouteloup. Highlights: At its best, [decentralized finance] enables the citizens of the world to have equal access to all currencies, stocks and financial platforms. As space advances, decentralization will be a spectrum. Regulators will watch over protocols used by the traditional financial world, and users will continue to have access to the “Wild West” proving ground that DeFi is today.

– Teddy Oosterbaan

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