Categories: Bitcoin Business

Bitcoin[BTC] struggles in the red zone as Oil Conglomerate from Japan invests in blockchain technology

Click here to view original web page at

Bitcoin had a plunge of 12.30% in the course of the past 24-hours. The price of BTC is $11,351.49. The king coin scaled beyond $13,100 before resistance was felt near $13,200.

This made the sellers rush forward, as the bulls gave up. The market is bleeding, and most of the altcoins are losing their value.

A U.S.-based blockchain startup and the Sumitomo Corporation Group have struck a deal for energy tracking.

This is what the official release states, “The system promises to democratize the energy industry, allowing people to both consume and produce electricity at their home and business.” Braemar Energy Ventures, Centrica, and Siemens have all chosen LO3.

LO3 Energy CEO Lawrence Orsini said, “The investment from Shell and Sumitomo represents a landmark moment for LO3 Energy…These investments will help us accelerate the roll-out of less carbon intensive microgrids, which help all stakeholders benefit through distributed, decentralized and decarbonized local energy transactions and demand response energy management on a building-by-building level.”

Sumitomo is ranked as part of the Fortune Global 500 group. “We will work together and support LO3 Energy’s further growth, which can realize a clean, environmentally sound community,” stated Mr. Norihiko Nonaka, Executive Officer of Sumitomo Corporation.

Japan has been welcoming towards blockchain technology, and the lawmakers have adopted a pro-bitcoin approach. This has led to TRON increasing its market presence in the world’s most technologically advanced country.

Here is a method that will help you figure out the best performers in the market:

One way that I like to compare how alts have performed & held there ground vs BTC during turbulent market days

1. Go to @nomicsfinance site

2. Change Quote Currency to $BTC

3. Look at “Change” %

4. Compare which alts are in green to those in red

— Josh Rager (@Josh_Rager) July 11, 2019

Many still believe that a majority (more than 80%) of the altcoins are not worthy of investments.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

$10K Bitcoin Stronger Than Ever But No One Seems to Care: Google Trends

Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not… Read More

6 hours ago

Bitcoin Is A Hedge Against Gov’t “Fiscal Irresponsibility”, Analyst

Equities portfolio manager turned crypto fund executive Travis Kling has argued that Bitcoin has come into its own as a… Read More

6 hours ago

Why Are France & Germany Blocking Facebook’s Crypto? The Euro, Apparently

For those most part, governments have ignored Bitcoin . While the crypto asset’s proponents see it as the future of… Read More

6 hours ago

U.S. Charges JPMorgan Suits for ‘Spoofing’ Precious Metals Markets

| Source: Lorimer Images/Shutterstock The United States Department of Justice has charged three gold and precious metals traders from JPMorgan… Read More

6 hours ago

Your Crypto Exchange Can’t Send Even $1000 Without Exposing You

Regulator-compliant crypto exchanges are required to share your information with other financial institutions. | Source: Horth Rasur/Shutterstock Transferring more than… Read More

6 hours ago

Bigger Bloodbath in U.S. Stock Market Likely: Factors of Further Downtrend

Geopolitical risks and an uncooperative Fed could trigger a short-term relapse in stock prices. | Image: Shutterstock The U.S. stock… Read More

6 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More