Bitcoin Dips $1k In 1 Hour As Markets Take A Hit
The cryptocurrency markets fell sharply on July 10 after bitcoin (BTC) suffered another $1000 sell-off, denying a bullish breakout that looked primed to test its recent 2019 highs.
At 14:00 UTC On July 10, BTC shed $962 from its price tag in a little over an hour, landing just above the $12,000 psychological support before another wave of sellers dragged it to a peak low of $11,550.
Prices had initially attempted to rally above $13,200 but were stopped short as a quick reversal to momentum brought prices reeling back below $12,000.
BTC’s price has since recovered slightly and is currently changing hands at $11,813.
Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others
American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, according to a press release on July 10.
Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others.
Unlike an initial coin offering-like approach, Near decided to secure funds in exchange for native tokens. Near is reportedly planning to allocate the raised funds “to recruit more developers, to accelerate the development of additional tooling and to launch the Near Protocol mainnet.”
Samsung Quietly Releases a Blockchain SDK for Dapp Creation
Samsung quietly released access to what they’re calling Samsung Blockchain that “helps developers to manage blockchain accounts easily.”
Simple enough. Sadly, the rest of the description is a bit more opaque.
“In addition, DApp does not need to make separate types of transaction that follows coin types by themselves anymore,” wrote Samsung. “The SDK offers a payment gateway for cryptocurrency remittance with its UI. To use this payment solution, DApp needs a keystore. With this, Samsung Blockchain SDK links users not only to the Samsung KeyStore but also to any external cold wallets as well.”
Access to the SDK is currently limited – users aren’t able to download the SDK directly but must request access – and it’s not clear when users will be able to experiment with the code let alone use it in production. Samsung also announced its own KeyStore, a device-based private key storage system within Samsung’s security layer, called Knox.