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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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Harmony One listed on KuCoin Cryptocurrency Exchange

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Harmony One, the deep sharded scalable blockchain built by a team of engineers from Google, Apple, Amazon, Facebook, Harvard and Stanford, has announced its launch on KuCoin exchange. The trading will start at 6pm (UTC+8), August 22nd and supported tradingpairs include ONE/BTC and ONE/USDT.

With over 5 million registered users from about 100 countries and regions, KuCoin, an IDG-backed crypto exchange, is often known for a wide range of tradable digital assets. By listing high quality blockchain projects, the platform aims to better meet investors’ needs while provide enhanced liquidity of projects’ token to worldwide base of users.

Garlam Won, Head of Marketing at Harmony One said, “We want to make $ONE available to everyone in the world, regardless of their country, race or gender. And having a global exchange like Kucoin as a launch partner will allow us to provide liquidity of $ONE without borders”

With the mainnet launched, Harmony is expanding its ecosystem out into the Non-Fungible Collectibles sector with its recent acquisition of Sequoia funded  digital collectible startup Quidd with Animoca Brands.  Quidd raised $13m in venture funding led by Sequoia to build a digital collectible mobile app. Today, Quidd has 325 brand licenses including Game of Thrones, Rick and Morty, and Marvel superheroes. Quidd has issued and sold over 2.1 billion individually-serialized digital collectibles, and generated over $10m in gross revenues from…

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Kriptomat Exchange Launches World’s First Gamified Blockchain Rewards Program

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Estonia, Europe 12th of August –Today, the government-regulated cryptocurrency exchange Kriptomat launched the world’s first gamified blockchain rewards program. The unique experience allows users to play games of chance, collect blockchain assets, craft collectibles, and acquire non-fungible tokens that provide discounts and can be played in over 20 different video games. The loyalty program, called The Dragon Riders of Kriptomat, operates on the Enjin Platform and utilizes the new ERC-1155 token standard recently adopted by the Ethereum community.

“We are thrilled to lead the charge when it comes to adopting blockchain for rewards because we honestly believe that on-chain tokens are the most advanced form of digital asset in existence,” said Srdjan Mahmutovich, Kriptomat CEO. “Our team always strives to advance personal sovereignty, economic equality, and social equity by building community-centric platforms that offer transparency, opportunity, and self-governance to all who use them. This rewards program is another one of our innovations that will prove to the general public that blockchain is the future of digital proprietary.”

In the launch announcement, Kriptomat explains that blockchain assets are far more valuable than ordinary reward points. Users can store blockchain assets securely for a lifetime, sell or trade them for money or cryptocurrency, or use them in a multitude of apps and games.

With the Kriptomat rewards program, the team aspires to provide its customer base with the…

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NEXO Token Holders Receive US$2,409,574.87 in Dividends

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Nexo is delighted to announce that the Dividend Payment of US$2,409,574.87 to NEXO Token Holders scheduled for August 15, 2019, is now complete.

NEXO Token Holders can simply log in to the Nexo Mobile App to view the dividend that has been credited to their wallets.

The annualized dividend yield is an impressive 12.73%, which surpasses all of the highest dividend-paying stocks in the S&P 500.

Nexo’s innovative dividend-distribution methodology rewards long-term investor confidence and also decreases market volatility around ex-dividend dates. It consists of two parts – the Nexo Base Dividend and the Nexo Loyalty Dividend, each making up 50% of the total amount in the current distribution.

Since the April 2018 launch, Nexo has seen exorbitant growth of the registered user base to 250,000+ and has gained significant market share, making Nexo the market leader in Crypto FinTech.

Nexo’s impeccable and innovative marketing strategies, unrivaled customer support, combined with a substantial upswing in crypto asset prices across the board has ensured unprecedented demand for Nexo’s signature Instant Crypto Credit Lines™.

This has given us the means to further give back to the community, by allowing investors from around the world to generate 8% with Nexo’s

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