Cryptocurrency Market News: Blockchain startup claims it can undo Bitcoin transactions

Here is what you need to know on Tuesday, June 30, 2020

BTC/USD is trading around $9,200 recovering from a slight drop to $9,070. For the most part, Bitcoin has remained flat.

ETH/USD has experienced similar price action but the recovery was worse and it’s trading at $225 after the daily 12-EMA and the 26-EMA have crossed bearishly. 

XRP/USD is down 0.6% but holding $0.17 for now. The digital asset is in free-fall mode.

Molecular Future, an unknown cryptocurrency is ranked 143rd after a massive 1600% pump. Next on the list is Elrond with a 20% price increase today and $26 million in trading volume. Celsius is up 12% but almost 60% in the last seven days.

Chart of the day: MOF/USD daily chart 



According to Kirobo, a blockchain startup, Bitcoin sent to the wrong address can be canceled and retrieved. 

Until the right code has been provided by the recipient, the sender can retrieve the funds at any time [...] Kirobo does not hold the user’s private key and has no access whatsoever to the funds or their destination: the password simply governs whether the transfer is finalized or not

According to Max Keiser, Bitcoin could reach $500,000 thanks to a hash rate war between the US and Iran. Currently, Iran controls around 3% of Bitcoin’s global hash rate and Keiser thinks Venezuela can get up to 5%. 

And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000. — Max Keiser


DEX, a trading platform for cryptocurrencies has secured a Financial Services Permission (FSP) in the UAE. The platform will be able to offer accredited and retail investors the opportunity to buy virtual assets. 

DEX CEO Leon Smith said:

At DEX, our goal is to provide investors with a digital assets platform that delivers a best-in-class, fully regulated trading experience. For us, that means ensuring confidence through robust regulation, transparency, and security.

Quote of the day

I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. – Peter Thiel, co-founder of PayPal


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

ChainLink Price Analysis: LINK sees a 23% price bounce and it’s eying up $10

ChainLink has established a robust daily downtrend with bulls unable to come back. The digital asset is still up almost 500% since its 2020-low at $1.51. 

More Chainlink News

Top 3 Coins Price Prediction Bitcoin, Ethereum and XRP: Bulls hold at threshold, ready for takeoff

The cryptocurrency market has had an eventful week, with most actions resulting in losses. The bleeding was not selective; hence major cryptos, altcoins and decentralized finance (DeFi) tokens explored levels below key support areas.

More Bitcoin News

Central Banks move to crypto in the effort to retain control over the monetary system

Central bankers worldwide have started to realize that the era of fiat is coming to an end. Digitalization is the future, and the process of digitalization is infiltrating all spheres of life, including money.

More Crypto News

Bitcoin is allergic to the US presidential elections and immune to the COVID-19 vaccine

Over a week ago, the author of Rich dad, poor dad, Robert Kiyosaki, said that Bitcoin would crash when a COVID 19 vaccine would be approved. Many people caught up the narrative, based on the assumption that Bitcoin is used as a safe-have asst and would go don once the market sentiments improve. 

More BTCNews


Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast