Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association

A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry in a press release shared with Cointelegraph on June 29. Per the release, the aforementioned Japanese trade association signed a Memorandum of Understanding (MoU) in Osaka aiming to establish the association. The associations that signed the agreement include the Australian Digital Commerce Association (ADCA), Singapore Cryptocurrency and Blockchain Industry Association, Japan Blockchain Association, Korean Blockchain Association, Hong Kong Blockchain…

Recent Bitfinex IEO Ampleforth Token is Not Stable

Cryptocurrency investment firm Maple Leaf Capital called ampleforth (AMPL), the token recently released in the first Bitfinex’s Initial Exchange Offering, “anything but stable” in a series of tweets published on June 27. While Ampleforth reportedly raised $4.9 million in 11 seconds in a Tokenex earlier in June, Maple Leaf Capital has said that the AMPL token’s mechanics do not grant it stability, and its low volume makes it easily to manipulate. The firm went on to explain that the token in question is not pegged. The firm elaborated: “So even…

U.S. Clean Energy Firm Clearway Energy Will Test Blockchain for Renewable Energy Trading

United States-based clean energy development firm Clearway Energy Group is launching a pilot program for trading renewable energy credits on a blockchain, Bloomberg reported on June 28. Per the report, Clearway Energy partnered with Ethereum (ETH)-based energy trading startup Power Ledger to jointly build a system for trading renewable energy certificates. Power Ledger reportedly told Bloomberg that initially the solution will be tested in Massachusetts, generating one to five megawatts of electricity, while the second test will take place in the Midwest and generate upwards of 20 megawatts. The report…

Bitcoin Hover Over $11,800 as Top Cryptos See Gains

Saturday, June 29 — most of the top 20 cryptocurrencies are reporting moderate to significant gains on the day by press time, as bitcoin (BTC) hovers over under the $11,800 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about .14% on the day, trading around $11,830 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $32.5…

Blockchain Disruption of the Insurance Sector

The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive records. Both aspects make the insurance sector an appealing ground for blockchain-based optimization — and indeed, distributed ledger technology is a prominent feature of a rising tide of technological innovations, collectively known as insuretech, that seek to bring new efficiencies into the industry. As Cointelegraph previously reported, research firm MarketsandMarkets in 2018 projected that the…

Bitcoin (BTC) Firm Adding 19.3%, Iranian Authorities Seize Mining Gear

Bitcoin (BTC) up 19.3 percent China changing its wordings on Bitcoin Steadfast as they are, Bitcoin bulls could get a shot in the arm in days ahead. That’s albeit news of Bitcoin mining gear seizure in Iran. So far, BTC prices are stable and may thrash predictions if there is a surge past $13,300. Bitcoin Price Analysis Fundamentals After a mostly successful week, there is a predictable correction. Mild as it is, Bitcoin bulls are resilient, rejecting attempts of lower lows. However, considering how cautious market participants are, any correction…

Tron (TRX) Responding From 3.1 Cents, Justin Sun Confident of July

Tron (TRX) steady and bullish above 3.1 cents The Tron Foundation plans to buyback TRX After announcing a buyback plan, Justin Sun is confident TRX will dominate charts in July. In the same month, he will have lunch with Warren Buffet. At the time of writing, TRX is stable above 3.1 cents. Tron Price Analysis Fundamentals The smart contracting and the idea of asset tokenization is a gold mine. Undoubtedly, it opens doors for enterprising investors, melting borders. Through globalization, tokens of facilitating platforms will be on demand, receiving billions…

Even With Money Tap, Ripple (XRP) Is Struggling, Slides 6.4%

Ripple (XRP) prices down 6.4 percent Money Tap welcome more banks as Bitrue lose $4.2 million Noticeably, the altcoin season is far from impressive. XRP is under pressure and liquidating encouragingly above support levels. Good news is that fundamentals are solid. Bullishly, Money Tap, which use xCurrent, replaced Resona Group with seven more Japanese banks meaning there is demand for Ripple’s solutions in South East Asia. Ripple Price Analysis Fundamentals The buzz around the so-called “altcoin season” is dying off. Bitcoin prices are rocketing. Meanwhile, XRP and altcoins in general…

Kik Hands Off Defend Crypto Fund to The Blockchain Association

The Blockchain Association, a collective of advocates involved with the blockchain industry, has taken over the Defend Crypto fund set up by Kik. According to an official blog post on June 28, Kik — the company behind Kik Messenger and the kin (KIN) cryptocurrency — believes that the Blockchain Association “will be in the best position to objectively allocate the resources to the highest impact initiatives” and has chosen it to lead Defend Crypto. The announcement also stresses that it will allocate resources for legal initiatives not just for Kik,…

Billions to Trillions: Crypto Assets and the Inevitability of Digitization

Ami Ben David is founder and CEO of institutional digital securities blockchain Ownera, co-founder of SPiCE VC, previously co-founder of Securitize and investor in security token companies.  The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views delivered every Tuesday. Sign up here. Ten years after the invention of bitcoin, the general market is starting to realize – with a big push from Facebook – that digital money using blockchain technology is coming. Behind the scenes, the next market is already kicking into gear…