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Bitcoin Plunging… but Possibilities for Investors Still Available

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Bitcoin (BTC-USD) and most of the other cryptocurrencies are under pressure this week, continuing the multi-day downward trend. The leading cryptocurrency has lost 14% of its value on Tuesday over the 24-hour period and around 30% from the recent high. During 18th July Asia Session bitcoin is trading 23% lower than it was a week ago, around $9,700.

According to Coindesk’s Omar Godbole, if the events of 2016 would repeat, $7,500 could become a new support price. Bitcoin dropping to $6,100 while still maintaining its parabolic formation is also possible.

As one would expect, Bitcoin-related, altcoins, which are dependent on Bitcoin, also have a drop in price.

Ether (ETH) fell slightly less than BTC, shedding 10.4% to hit $203, while Litecoin (LTC) and Binance Coin (BNB) mirrored the behavior.

Bitcoin currently accounts for just over 66% of the total cryptocurrency market cap, a near two-year high.

There could be several major factors standing behind bitcoin’s current volatility: International Exchange’s new futures exchange Bakkt is about to start its beta-testing, and Fidelity Digital Assets, the crypto-focused branch of a major asset manager, will offer crypto trading to soon.

Various industry experts state that recent U.S. officials comments regarding bitcoin could have contributed to the price fall. Generally speaking, governments still view cryptocurrencies as a realm for money laundering and other illegal activities.

What more has added to investors skepticism is that now it’s obvious it’s not just the Trump administration and congressional Republicans who express concerns about cryptocurrencies.

No one knows what will be the consequences of US officials stating their position, but for sure uncertainty about industry doesn’t make investors confident.

Some industry executives, like Digital Currency Group CEO Barry Silbert and Ikigai Fund founder Travis Kling, have said that the remarks on Bitcoin by President Trump and Secretary Mnuchin can be acknowledged as a bullish sign in long-term perspective: Silbert said that Trump’s and Mnichin’s comments were “complete and total validation of bitcoin.”

To bitcoin price growth could contribute oncoming bitcoin halving. Many major miners have secured sufficient capital to sustain their operations for an extra 12 months. When demand hits short supply, price rises.

During the period of volatility many investors choose margin trading, the essence of which is a possibility to gain profits not only when BTC price grows, but also when it falls. To make a good trade, you just need to properly predict price direction.

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Neobank Juno Raises USD 3M from Polychain, Sequoia and Dragonfly

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Juno aims to provide a high-yield account for savings

Juno, a neo banking platform that leverages decentralized digital assets to provide customers a high-yield account for savings, has announced that the completion of a USD $3 million seed round. Investors include prominent firms such as Polychain Capital and Sequoia Capital’s Surge. The platform is set to launch in select markets next year and is taking a radical approach towards creating an open and global financial system for everyone, regardless of location or income.

Banks in developed countries – including the US, Europe, Japan, and Singapore – traditionally offer between 0.01% and 0.10% interest through checking and savings accounts. This interest will be distributed daily and will fluctuate regularly.  Clients will also be able to send and receive money anywhere in the world without intermediaries and at no cost. Additionally, the company plans to introduce a debit card with a partner bank in the future.

Juno is built on the Ethereum blockchain and uses Nuo protocol for its core functionality. Its main feature is to enable decentralized lending and borrowing of digital assets to earn a high yield on stablecoins such as USDC. Juno is leveraging these assets to build the next generation of global decentralized financial and banking services (DeFi).

Varun Deshpande, co-founder of Juno

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Bitcoin recovery services – Pros and Cons

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A difference between fiat currency and cryptos, and it’s arguably the most important, is that with fiat currency financial institutions such as banks will get your money back if it goes missing, or if you place an order which never arrives. Unfortunately, this doesn’t apply to cryptos, with personal responsibility being crucial.

Cryptocurrency must be stored somewhere such as in the reputable Bitcoin Luno wallet, but if this was to become inaccessible, it could mean there’s the potential for duns to be lost forever. However, there are now recovery services in place which aim to attempt recovery, but, of course, there are pros and cons which come with them.

The main advantage is, of course, there is a chance that a wallet will be recoverable, as there could be a large amount of Bitcoin stored. While the chances of recovery do vary, if a user was able to recall their password, there’s an improved chance of success. So, keeping a backup of a password is crucial in case the worst does happen.

Many recovery services are operating now, and some use different techniques to others, so there is always a chance one provider may be able to help. The more options, the better in this instance, and as customer reviews are viewable online, it will give those in need of help…

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FunFair Technologies launches pioneering wallet solution across partner brands

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CasinoFair and CryptoCasino to benefit from ‘any device, any browser’ wallet and updated user interface

25th September 2019, Dublin – FunFair Technologies, the market-leading decentralised casino provider, has launched a pioneering new crypto wallet and updated user interface which now supports any browser and any device.

The new ERC20, non-custodial FunFair Wallet has been developed specifically to provide a seamless user experience for existing and new players gambling with FUN across its CasinoFair and Crypto Casino brands, marking a significant step forward in the name of blockchain mass adoption.

Blockchain projects have so far struggled with onboarding friction due to complicated funding mechanisms, security features which differ significantly to mainstream offerings and a lack of usability on mobile devices and certain browsers.

The FunFair Wallet addresses these issues with the introduction of more identifiable sign-up processes and security features, while most importantly ensuring the wallet can run on any browser and any device without the need for any third-party plug-ins or apps.

CasinoFair and Crypto Casino players will also engage with a far more immersive, social and Guaranteed Fair casino experience with an updated front-end, offering more intuitive access to their favourite casino games coupled with the most generous and varied promotions in blockchain casino.

Jez San, CEO at FunFair Technologies, said: “Since launch, we’ve maintained our position as the most progressive blockchain casino provider and the…

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