Buffett Lunch Guest List Grows, BTC Network Now 8 Times More Powerful Than It Was in 2017, & Other News

Most Important Crypto News 

Daily digest by Cointelegraph Price Analysis 22/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM Bitcoin is in no man's land. It has been stuck between the 20-day EMA and the 50-day SMA for the past four days. This shows that both bears and bulls are not willing to take large positions and are in a wait-and-watch mode. Which altcoins are vulnerable to a deeper correction? Let's look at the charts.     Number of Crypto Notables on Buffett Lunch Guest List Grows Justin Sun, the founder of Tron and winner of the annual auction for a lunch with renowned investor Warren Buffett, has invited more notable figures from the crypto industry to attend: Yoni Assia, the founder and CEO of trading platform eToro, Helen Hai, the head of the Binance Charity Fund and Jeremy Allaire, the CEO of crypto payments firm Circle. Other invitations are expected to follow ahead of the event. Palestinian Authority Considering Crypto to Replace Israeli Shekel Palestinian Prime Minister Mohammad Shtayyeh reiterated that his government is considering using cryptocurrency as an alternative to the Israeli shekel fiat currency, saying "The Palestinian economy has about 25 billion shekels [$7 billion] circulating in the local economy, but we're not forced to remain dependent on the shekel." Bitcoin Network Now 8 Times More Powerful Than It Was at $20K Price     Broadly accepted as a measure of how robust Bitcoin's transaction security has become, the hash rate has broken records as the figure nudges 80 TH/s, eight times exceeding the computing power it had when the price of Bitcoin was around $20,000 in late 2017. Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP The governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati, said that "a mechanism to mine digital coins was approved by the government's economic commission and will later be put to discussion at a Cabinet meeting."  SPONSORED: The project says the blockchain technology will enable the "true ownership" of digital assets for mobile gaming players, so they can trade their nonfungible tokens  Quote of the day "I think all these other cryptos are bridges to where we have a Bitcoin environment" Tim Draper Founder of DFJvc Tweet it 1.5 mln people follow us on social media Download our official free app →

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