Opinion

Crypto News Weekly Round Up (July 18) – Altcoin Season, Binance, Twitter and More

Highlights

    Altcoin season continues to thrive in the crypto market with many coins record a seedy growth in price and volume.

    Hackers hacked high-profile Twitter accounts, Paypal stepping into the crypto world and Binance launched its crypto debit card.

    Stellar Blockchain now available on Samsung Galaxy Smartphone

Crypto News Weekly Round Up July 18

Dogecoin – Elon Musk Tweets About Dogecoin, Price Up 15 Percent

Crypto in India – Ex Chair of India’s Virtual Asset Committee Suggests Crypto As Commodity

Ripple’s XRP – XRP Becomes Most Preferred Coin For Merchants in the US, UK, and India – Report

Bitcoin and Gold –BTC Will Drop to Zero, Bitcoin Critics Laughs At Bitcoin Scalability

Rich Dad Poor Dad Author – ‘Dollars Are Irredeemable, NewYork Best Selling Author is Super Bullish on Bitcoin

Altcoin Season Outspread Continues

The year 2020 is considered as Altcoin Season by many traders. However, the crux of the matter is that the major Altcoins have surged with good volume and price. Altcoins including Chainlink, Dogecoin, Stellar, Vechain, and many others have witnessed a huge growth in recent days.

Many analysts also hold strong sentiment on Altseason 2020 whereas the daddy coin, Bitcoin continued dominating the other currencies at the top position. 

On one hand, while the majority of traders do not expect BTC to pump up for more than 30 or 40 percent – on the other hand, traders lookout for some cheaper altcoins, expecting a good return in the future. That said, LINK, DOGE, ADA, XTZ and others turned out the potential cryptocurrencies this week. 

Also Read. – Altcoin Becoming Bullish Crypto Asset of 2020

Latest Development in the Crypto Space

The most unexpected event the crypto community witnessed was the twitter hack. The hack was intended to promote a bitcoin scam through high-profile accounts that had millions of followers. These accounts included a former president of the US Barack Obama, Jeff Bezos, Elon Musk, Bill Gates, and crypto bulls like Binance CEO CZ, and also other crypto exchanges. However, Twitter immediately suspended all the affected accounts and deleted the tweets. In the recent update, the FBI is investigating the further investigation.

More so, the Crypto News Weekly Round Up also highlights about the recent development by a well-known payment transfer platform, PayPal. Per the reports, giant is developing crypto-asset management capabilities. Accordingly, with 22 years of experience and 30 million active users worldwide, the integration with cryptocurrencies is foreseen as an enduring mission to democratize the digital economy.

Binance, one of the crypto giants, was recently in news for their launch of a debit card. Binance rolled out its swipe powered crypto debit card which will support four cryptocurrencies currently. The Binance card would be entering the European Economic Area and their users would be able to apply for the card from August 2020.

Stellar Collaborated with the Samsung Blockchain Network

The Stellar Development Foundation that supports the development of Stellar crypto-asset announced the integration of Stellar with the Samsung Blockchain Keystore. The partnership allows the Samsung device users to store private keys associated with the Stellar blockchain wallet.

Many software wallets are widely available in the market from past many years, but Samsung has applied a more secure approach by using a hardware level segregation.

Analyst Peter Brandt had suggested that XLM will be the next altcoin to pump in the crypto markets. Furthermore, in his tweet, he identified an inverted head and shoulder pattern which could help the digital asset to surge.

What should we expect from the crypto market next week? Let us know via Twitter  

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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