Bitcoin Set Another “Lower High” as Analysts Eye a Sub-$9,000 Move

Bitcoin faced a grim rejection at $9,500 earlier this week that has caused its price to flash some notable signs of weakness. This rejection has now caused the crypto to set another “lower high” – further bolstering the bear case and causing BTC to be prone to seeing further near-term downside. One analyst is now noting that he anticipates the cryptocurrency to push slightly higher as bulls attempt to reestablish their strength. From here, he believes that it will face another rejection that causes it to slide lower, leading Bitcoin…

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Volvo Invests in Blockchain Startup to Trace Cobalt in Its Batteries

On July 8, Volvo Cars Tech Fund announced their investment in blockchain traceability startup, Circulor. Volvo previously used Circulor’s traceability solution to track cobalt in its batteries. Much of cobalt mining happens in Africa under questionable conditions and involves child labor. In the era where more consumers are becoming concerned with how the products they buy are produced, the ability to verify the entire supply chain may provide a competitive advantage or even become a necessity. Volvo may also be planning to use Circulor’s solution to trace carbon emissions. According…

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