Watch the U.S. Congress Hearing Today, “The Future of Money: Digital Currency”


[https://www.youtube.com/watch?v=Dh_JskUngik](https://www.youtube.com/watch?v=Dh_JskUngik)

Will begin @ 2pm EST.

Edit: the hearing this morning, **Cryptocurrencies: Oversight of New Assets in the Digital Age**, can also be found here: [https://www.youtube.com/watch?v=_O9s4fuzvbQ](https://www.youtube.com/watch?v=_O9s4fuzvbQ)

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Daily market recap – 07/17 – Crypto Surge Triggered By News of Institutional Money Coming in?


[https://www.pexels.com/photo/bitcoins-and-u-s-dollar-bills-730547/](https://i.redd.it/l9323gia5ia11.jpg)

Perhaps due to some more positive news, the market is starting to feel like it is beginning to step up again. Having defended $6,000 last week, Bitcoin (BTC) appears to be building momentum for a price rise.

Several technical analysis experts have done a good job of analyzing the general direction of the price of Bitcoin in the coming months. But it seems that the news announcements with regard to institutional money appeared poised to flow into the cryptocurrency market has had a positive effect on the sentiment of the markets.

Starting with the Coinbase listings report, the market has seen good growth from the weekends and now the new Coinbase news about getting the go ahead to list crypto assets with “securities” label is getting some positive feedback. Also, another welcome news is the asset-management giant BlackRock has confirmed that it has established a working group to explore cryptocurrencies and blockchain technology.

You can read full article at [https://dna.coinve.st/news/articles/2018-07-17/Crypto_Surge_Triggered_By_News_of_Institutional_Money_Coming_in@_BTC_Gaining_Ground_at_$6700_](https://dna.coinve.st/news/articles/2018-07-17/Crypto_Surge_Triggered_By_News_of_Institutional_Money_Coming_in@_BTC_Gaining_Ground_at_$6700_)

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“There’s currently about $10 trillion parked in sovereign bonds with *negative* yields. People are paying countries to borrow money from them… $10 trillion worth. This may be the greatest bubble of our lifetimes, and makes me very bullish on fiat alternatives.”


“There’s currently about $10 trillion parked in sovereign bonds with *negative* yields. People are paying countries to borrow money from them… $10 trillion worth. This may be the greatest bubble of our lifetimes, and makes me very bullish on fiat alternatives.”

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Pearl Pay | First Virtual Money Logistic System


Pearl Pay is creating a solution to interconnect Payment, Remittance, Banking and Cryptocurrency. It will be solved using a comprehensive, secured and affordable Mobile Wallet OS and use Blockchain technology to lower the cost. Pearl Pay will target Philippines as its first pilot country. Based on recent research, 70% of Filipino families has no bank accounts. There is also a high cost for domestic and international remittance which is a USD$33B industry in the Philippines.

Pearl Pay also identified that there more than 400 Rural Banks which has no foreign payment license. Payment licenses such as Mastercard, Visa or etc. The average cost to setup the infrastructure needed is approx. USD$4M.

Pearl Pay is a Virtual Money Logistics System™ (VMLS™) which provides a comprehensive “Mobile Payment and Money Transfer Platform as a Service” appropriately designed, of world-class quality, relevant for actual use and beneficial to the financial inclusion target market. It created a white-label product that will allow rural banks to launch their own virtual prepaid Pearl Pay and MasterCard accounts as fast as 30 days.

[Pearl Pay](https://www.pearlpay.io) is currently on Pre-sale with 20% discount.

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