Novogratz: Bitcoin in a ‘Bit of Consolidation’ as Institutions Line Up, Meanwhile, Bitcoin’s Price Falls Under $9.5K, & Other News

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Daily digest by Cointelegraph Bitcoin Price Falls Under $9.5K Bitcoin's price fell below $9,500 on Aug. 29 as the largest cryptocurrency's sudden bearish move continued to bite. Analysts are admitting that the monthly outlook as well was now looking less than appetizing. Bitcoin 'Failed Safe Haven Test,' Peter Schiff Gloats Bitcoin has shown it is not a safe haven asset, gold bug Peter Schiff has said after the largest cryptocurrency dropped 7% in daily trading. He then claimed: "Bitcoin has again failed the safe haven test." Novogratz: Bitcoin in a 'Bit of Consolidation' as Institutions Line up  Bitcoin price may have fallen below $10,000 again, but that is no reason to doubt the 2019 bull market, industry investor Mike Novogratz has said. Novogratz was speaking just hours before Bitcoin markets experienced a sudden dip that took them $500 lower in a matter of minutes. US Banking Giant PNC Starts Using RippleNet for Cross-Border Payments PNC Treasury Management — the United States' eighth-largest bank, with almost $400 billion in assets — has become the country's first to start using the RippleNet blockchain network for cross-border payments.    Bakkt Clients Can Start Warehouse Deposits on Sept. 6 The much-anticipated crypto trading platform Bakkt announced on Twitter that its qualified custodian, Bakkt Warehouse, will begin offering storage of customers' Bitcoin in early September. Storage will start weeks before the scheduled launch of its platform for daily and monthly crypto futures in the United States on Sept. 23. Paranoia & Love: What Pushes Tech? A Discussion With Prof. Reichental Cointelegraph had a fascinating conversation with professor Jonathan Reichental — one of the most competent opinion leaders in the innovation field of our times. Read the full interview to find out what makes a piece of technology great. Quote of the day   "Bitcoin started the year at $3,800, traded at $3,500 and now it's at $10,200 and so it's up 200% odd percent already. It has had a huge run, and so I think this is a bit of consolidation." Mike Novogratz founder of merchant bank Galaxy Digitall Tweet it 1.5 mln people follow us on social media Download our official free app →

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