Cryptocurrency Mobile App Downloads Stall Amid Price Surge: Report

Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28 Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%.  This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s…

Quantum Computing Vs. Blockchain: Impact on Cryptography

The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. Should a paradigmatic shift in computing occur, contemporary blockchain-based systems may become vulnerable to threats not accounted for in their design. But how urgent is the threat of this happening any time soon? The strides that physicists have been making for the last three decades toward building an operational quantum…

Top-10 Industries Being Transformed by Blockchain

After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in response to the advent of blockchain technology. Food The opaque nature of global supply chains poses a significant challenge to efforts to ensure that the commodities, labor and inputs required to produce goods are from…

25 Bitcoin Transactions Worth $6 Billion Included in One Block

Several high-value bitcoin (BTC) transactions were included in a single block on June 30. Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30. Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction. Wallet 1 initiating the transaction sent 24,392.93062596 BTC to wallet 2, and 300 BTC to wallet 3. This last address received a total of 5,800 BTC, and was a receiving wallet in all…

Facebook Removes Bitcoin Scam Ads With Abu Dhabi Crown Prince

Facebook has removed ads for a bitcoin (BTC) scam that masqueraded as posts by the crown prince of Abu Dhabi, UAE news site The National reports on June 30 According to the report, a recent scam on social media — dubbed “Bitcoin Loophole” — claimed that Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, personally endorsed a scheme that guaranteed riches within a week through bitcoin trading. The social media giant reportedly deleted the fraudulent posts after thousands of investors handed…

Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

Binance Coin (BNB) down 12.1 percent Libra coin may be available at Binance upon launch in 2020 The exit of US clients will shave Binance’s trading volumes. To counter that, they may end up listing Facebook’s Libra upon roll out.  Talks are in a preliminary stage. Meanwhile, BNB is down 12.1 percent from last week’s close. Binance Coin Price Analysis Fundamentals It may be the largest exchange by trading volumes, but that title is under threat. With the SEC firm on their interpretation of what a security is, the exit…

Bittrex User Alleges Funds Were Withheld in Recent Lawsuit

A New York resident has filed a lawsuit against crypto exchange Bittrex for allegedly withholding funds, industry news outlet The Block reports on June 30. Per the report, the plaintiff claims to have deposited $120,000 onto her Bittrex account in August 2018 and that the company suspended it and refused to release the funds until November of this year. She also alleges that the exchange “attempted to extort her by withholding the funds she had in her account” unless she signed an agreement giving up her rights to sue the…

The Bitcoin (BTC) Trade-off, Price Could Tumble To $9,500

Bitcoin (BTC) down 6.8 percent Systemically stable, BTC prices will continue to fluctuate thanks to Nakamoto trade-off Price fluctuation is synonymous with Bitcoin. Drastic rise and falls of the tail end of this week differentiated the world’s most valuable asset from fiat. All the same, it is gradually morphing into a store of value and a settlement layer making it invaluable.  Even so, prices are susceptible and could slide to $9,500 or lower in days ahead. Bitcoin Price Analysis Fundamentals Cryptocurrencies and Bitcoin, in particular, are counter products of the…

Bitcoin Near $11,000 as Marked Corrects Downward

Sunday, June 30 — most of the top 20 cryptocurrencies are reporting are seeing losses at press time, as markets are sloping downward.  Market visualization courtesy of Coin360 Bitcoin (BTC)  is currently down 7.33% on the day, trading around $11,103 at press time, according to Coin360. Looking at its weekly chart, the coin is up 3.72% Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands around $31.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap…

Top 5 Crypto Performers: LINK, BTC, NEO, LEO, ETH

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. From being outright dismissive of cryptocurrencies to adopting them, most central banks have come a long way. Research by the International Monetary Fund shows that several countries, both developed and developing, are toying with the idea of launching their own Central Bank Digital…