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Cryptocurrency news for today July 8

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Bitcoin, EOS, Ethereum, and Ripple’s XRP Daily Tech Analysis July 8th, 2020

Cryptocurrency news for today July 8

Cryptocurrency news for today July 8
CONTENT

  • Altcoins staged an impressive rally

  • Bitcoin can not decide on a new leap in any way

  • Crypto investors need a plan in case of sudden death

International consortium of news organizations developing transparency standards.

Altcoins kicked off and rallied violently, leaving Bitcoin far behind. Dogecoin, Cardano, Chainlink, XRP, VeChain are growing by leaps and bounds. Stellar and NEO are trying to keep up. Soon, conversations about the altcoin season will begin, but for now everyone is discussing the powerlessness of bitcoin bulls and the problems of inheriting digital assets after the death of the owner (I immediately recall the owner of the Canadian cryptocurrency exchange Quadriga, who took the key to a wallet with coins to his grave).

Cryptocurrency news for today July 8

Young crypto investors do not plan to bequeath their assets to anyone

Almost 90% of investors are worried about what will become of their cryptoassets after they die. However, they are in no hurry to take any action on this matter. According to the results of a study conducted by The Cremation Institute, representatives of the youngest generations – “millennials” and “zoomers” – do not make any plans as to who, in the event of their sudden death, will inherit their crypto assets. More details

Bitcoin bulls continue to demonstrate their powerlessness

On the hourly chart for Bitcoin (BTC), you can see the price declining from the high of $ 9379 reached on July 7th. The decline occurred within the Falling Wedge pattern, but then the price formed a hammer candlestick pattern above the minor resistance area of ​​$ 9250 and made a bullish breakout. However, in the process of this breakout, trading volumes barely exceeded average values, and the pair formed a bearish engulfing candlestick as soon as it reached $ 9,320. More details

Russia is one of the most promising markets for the development of contactless payments

According to Mastercard research, less than half of Russians, namely 43%, are still willing to pay for goods and services in cash. At the same time, 22% of respondents said that they regularly use credit and bank cards, and 36% of respondents use contactless payments using a smartphone. For example, in Poland, only 28% of respondents admitted that they use smartphones to pay. Thus, Russia ranked first in Eastern Europe in terms of the popularity of contactless payments. More details

Former curator of US sanctions policy will advise Chainalysis

Former Deputy Treasury Secretary Sigal Mandelker, who oversaw financial intelligence and counterterrorism at the department, first spoke about her plans after leaving the Treasury and joining venture capital firm Ribbit Capital earlier this year. In addition to participating in the $ 49 million expanded Series B implementation at cryptocurrency investigative company Chainalysis, Mandelker will serve on the startup’s advisory board. More details

Cryptocurrency news for today July 8

Dogecoin Rally Rally With TikTok Challenge

Dogecoin (DOGE) has skyrocketed 17.5% in the last 24 hours and nearly 20% in the last week. It is curious that the current rally of the asset, which was originally thought of as a joke meme, also turned out to be due to the joke #DogecoinTiktokChallange challenge launched on TikTok. The initiators of the challenge openly urge users to join the pump, or pump, of the DOGE course up to the $ 1 mark. The popular viral video under the aforementioned hashtag has already gained about half a million views. It was published five days ago by user jamezg97 and in plain text called users to the classic scheme of the market pump. More details

 

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