Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business

Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry. Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, according to a blog post published by NEM on July 4.   Symbol reportedly developed a blockchain solution that can trace and verify a large number of transactions per second. This can help wine growers and…

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Bitcoin Stagnates, Criminals Targeted, $288K Prediction: Hodler’s Digest, June 29–July 5

Bitcoin is struggling to punch through stubborn resistance at $9,300, and a Russian court has effectively ruled BTC theft is not a crime. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bored with Bitcoin? This price level is key for a big breakout It has been a sleepy week in the crypto markets…

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3 Reasons Why Bloomberg Calling Bitcoin a ‘Resting Bull’ Is Inaccurate

A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that primary demand and adoption indicators remain positive. The report concludes that Bitcoin is set for a breakout with a target at the $13,000 resistance. Although this perspective is defensible, the arguments presented in the article…

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Smart Vending Machine Maker Popcom Crowdfunds $1.3M

Smart vending machine maker Popcom raises $1.3 million through Regulated CF security token offerings. Smart vending start-up Popcom raised millions to bring more of their vending machines as the demand for more contact-less retail solutions rises. Popcom, led by Dawn Dickson and one of the few Black women-owned blockchain companies, crowdfunded $1.3 million in its latest funding round, according to Black Enterprise. So far, the company has raised a total of $2.3 million with the majority of investments done through Regulated CF security token offerings. The company aims to grow…

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Brock Pierce Jumps Into 2020 US Presidential Last Minute

Brock Pierce joins the 2020 elections as a last-minute presidential candidate. Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that: “I, Brock Pierce, am running for President of the United States of America.” Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin…

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Binance Supports Ontology Upgrade, Stops Deposit of NEP5 ONT Tokens

Binance to support Ontology 2.0 upgrades and says it will not further allow NEP5-based ONT deposits. Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade. Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet. Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits. Any future deposits of NEP5 ONT will not be credited to users’ Binance account, it indicates. Deposits and withdrawals…

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Brock Pierce Jumps Into 2020 Presidential Elections Last Minute

Brock Pierce joins the 2020 elections as a last-minute presidential candidate. Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that: “I, Brock Pierce, am running for President of the United States of America.” Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin…

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Top 5 Cryptocurrencies to Watch This Week: BTC, NEO, TRX, XTZ, VET

Bitcoin and most altcoins are witnessing selling at every minor rally, increasing the possibility of a dip in the short-term. Bridgewater CIO Ray Dalio said that central banks have moved away from their traditional role and have become owners of assets since the 2008 Financial crisis. They now act as “market makers.” Therefore, the “capital markets are not free” anymore. Dalio warned that the US dollar is likely to lose its attractiveness as the reserve currency of the world. Crypto market data daily view. Source: Coin360 However, it will be…

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Biggest Corporations Sceptical of Introducing Crypto Payment Option

Are traditional business enterprises ready to embrace a blockchain-based payments network? Maybe not, according to two research reports. The news that PayPal, the payments giant with 325 million active user accounts worldwide, was considering the direct sale of crypto assets — along with custodial services — had the crypto community buzzing last week, even if the reports couldn’t be verified. On July 1, a PayPal representative told Cointelegraph: “PayPal does not comment on rumors or speculation.” Guy Hirsch, the United States managing director of eToro, told Cointelegraph: “The importance of…

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Philippine SEC Warns Against Crypto Schemes

Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme. The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1. The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both. It explained that: “A maximum fine of P5 million or imprisonment of 21 years or both await those…

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