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American entrepreneur and vocal crypto advocate John McAfee has doubled down on his $1 million by 2020 prediction for Bitcoin (BTC).Taking stock of community sentiment in light of Bitcoin’s recent price fluctuations, McAfee wrote on July 15 that he was “laughing his f------ ass off” at the seemingly overblown negativity:READ MORE:

European crypto exchange Bitstamp has set up its own Lightning Network (LN) node to boost the network’s capabilities, the company tweeted on July 8.As a second layer over the blockchain of the biggest cryptocurrency, bitcoin (BTC), the LN is designed to enable fast and zero-feetransactions by creating payment channels between users. Specifically, the network aims to address bitcoin’s scalability problem by keeping the majority of transactions off-chain.

New York University professor and staunch bitcoin critic Nouriel Roubini is threatening to sue BitMEX, a global cryptocurrency exchange.The renowned economist lambasted Arthur Hayes, co-founder & CEO of BitMEX, for releasing a doctored video of a debate featuring the two. He alleged that Hayes, who owns the rights to the footage, neither permitted the organizers of the Asia Blockchain Summit in Taipei to stream the discussion live nor allowed the audience to record it. Hayes instead kept the video under wraps and tweaked it to fit a pro-bitcoin narrative before issuing it to media.

Bitcoin and other crypto-assets have long divided traditional economists and bankers with some warning over their instability and others praising their ingenuity.The bitcoin price rebound so far this yearhas caused some to change sides, though many continue to warn bitcoin and other cryptocurrencies will be a mere flash in the pan.Billy BambroughContributor

Since June 26, within the past three weeks, the bitcoin price has declined from $13,868 to around $11,200 by 20 percent against the U.S. dollar.After recording a 250 percent increase in value year-to-date at its yearly peak, a pullback for bitcoin was generally anticipated by traders.BItcoin's bullish 2019 will stick despite a recent corrective phase. | Source: ShutterstockREAD MORE:

Ripple (XRP) has incurred some decent upwards momentum today after “FOMO” spread on Twitter based on an American Express blog post that mentioned Ripple for international settlements. This blog, however, is old and is not at all an official AMEX announcement, so traders should trade XRP with caution.This blog post coincided very closely with the XRP price surge that occurred earlier today independently of the rest of the crypto markets, and it may have been caused by some misplaced hype surrounding the Ripple (XRP) mention on the AMEX blog.

Coming from an organization so tied to the question of identity (whether real or not), it is surprising that Facebook’s Libra coin seems confused about its own.The organization has chosen to brand Libra “a stable global cryptocurrency,” and the label “cryptocurrency” has been replicated by media around the world. Yet Libra is not a cryptocurrency.Don’t get me wrong – those of us in the sector appreciate the global attention given to the concept since the announcement.But in this case the definition matters beyond semantics: it will affect eventual use cases and regulatory treatment.

Financial institutions have begun to enter crypto with a quickening pace, setting the tone for the remainder of 2019 and 2020.What makes these years different from ones prior is the speed of professionalization taking place in the markets, according to our sources.Oliver von Landsberg-Sadie, CEO of BCB – a financial services group with digital asset specialism, drew comparisons on the various bull runs experienced over bitcoin’s (BTC) lifecycle, with the exception given to this year’s fundamental growth.

(TRX) founder Justin Sun found himself at the center of a $30 million controversy this week, after burned investors in a Chinese Ponzi scheme claimed Sun was complicit for their losses.Victims of the Ponzi say Sun’s failure to denounce the scheme – which purported to be associated with TRON – caused more damage than was necessary. In a tragic turn of events, one single-mother committed suicide after borrowing money to invest in the scheme, only for the scammers to depart with the $30 million (200 million CNY) soon afterward.

QUICK TAKE In Q2 2019, Stellar and Ethereum had the strongest correlation with other cryptocurrencies; followed by Monero and Cardano In Q2 2019, Stellar and Ethereum had the strongest correlation with other cryptocurrencies; followed by Monero and Cardano In the same time period, Bitcoin SV and Grin have the weakest correlation with other cryptocurrencies; followed by BNB and Bitcoin Cash In the same time period, Bitcoin SV and Grin have the weakest correlation with other cryptocurrencies; followed by BNB and Bitcoin Cash Bitcoin was the 8th most correlated cryptocurrency and correlated the…

The cryptocurrency markets are on fire and major financial institution ING has taken notice, going as far as to predict the latest bull run could negatively impact the value of the US dollar.“Strong commodity (and cryptocurrency) prices, plus sharply falling US dollar hedging costs should keep the dollar on the soft side this week,” warned ING‘s global head of strategy Chris Turner in his latest foreign exchange analysis.Turner’s right: the price of the DXY index – which measures the performance of the US dollar against a basket of international currencies – has struggled to find momentum…

The price of bitcoin has surged above $11,000 (£8,600), its highest level in 15 months, amid renewed hype over cryptocurrencies after Facebook said it was planning to launch a digital currency next year.Bitcoin has risen in value by almost $2,000 in the week since the US technology firm revealed plans to create a cryptocurrency called Libra, in a move that could radically reshape the financial landscape with far-reaching implications for governments and central banks around the world. Richard Partington

Bitcoin, ethereum, Ripple’s XRP, and litecoin suddenly rocketed this weekend, with the largest cryptocurrency by market capitalization, bitcoin, shooting past the psychological $10,000 per bitcoin mark to highs of $11,200 on the Luxembourg-based Bitstamp exchange.Ethereum, Ripple’s XRP, and…

Bitcoin stays above $10,000 barrier amid improved sentiments NEO remains the best-performing altcoin with over 25% of gains since this time on Saturday. NEO remains the best-performing altcoin with over 25% of gains since this time on Saturday.The cryptocurrency market retains a positive stance after a big breakthrough on Saturday. Bitcoin and the majority of altcoins stay in the green zone amid growing optimism among cryptocurrency investors and traders. The total market capitalization hit $327 billion; an average daily trading volume jumped to $89 billion.

Bitcoin community on Facebook cryptocurrencyThe crypto community is split over Facebook’s crypto announcement. Most were quick to point out it’s not a real blockchain, but they almost unanimously believe it will open the door for bitcoinand threaten traditional finance.1. Ryan Selkis (Messari CEO) – Facebook’s Libra is a “gateway drug” for crypto.2. Erik Voorhees (bitcoin pioneer and ShapeShift CEO)“Zoom out for a second and realize how far this industry has come. The biggest companies in the world are now launching cryptocurrencies.

Ripple (XRP) up 15.1 percent Widespread use of xRapid is the only insurance for XRP investors Widespread use of xRapid is the only insurance for XRP investorsArmed with solutions that speed up processes, Ripple may replace SWIFT. Use of xRapid draws demand. For XRP investors, widespread adoption is the only route for better prices. Expectedly, demand for XRP will fuel the next wave, propelling prices out of this 10 cents range towards 60 cents or higher.

Bitcoin has settled above a vital barrier of $10,000. Bitcoin has settled above a vital barrier of $10,000. DASH the best-performing altcoin with over 9% of gains on Saturday. DASH the best-performing altcoin with over 9% of gains on Saturday.The cryptocurrency market is in a bull's mode as Bitcoin and all major altcoins have been growing actively in recent 24 hours. The total market capitalization hit $322 billion, which is the highest level in more than a year; an average daily trading volume jumped to $80 billion.