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Bitcoin and Altcoins Staging a Comeback
7.6.2019
Recently, there was a decent recovery in bitcoin price above USD 7,700 and USD 7,800 levels. BTC/USD is currently showing a few positive signs above USD 7,850 and it could continue to rise in the near term. A successful close above USD 8,000 is likely to ignite more gains towards USD 8,100 and...
Huobi Launches New Features, Says Hard Times Ahead for Smaller Players
7.6.2019
Source: iStock/D-Keine
Singapore based major cryptocurrency exchange Huobi Group is about to introduce new features to its clients as it works on its global expansion and forecasts that the times will get tougher for the smaller crypto exchanges.
It was announced yesterday that Huobi FastTrack,...
Bitcoin Miners 'Highly' Profitable Again, China Still Dominates
6.6.2019
At current prices, the average miner is highly profitable again, with even older gear and high-cost producers currently able to make profit, crypto investment firm CoinShares concluded in its newest report on Bitcoin mining. It also claims that China still dominates both the mining hardware...
This USD 100M Fund Goes Long on Ether, Plans Bitcoin, Filecoin Funds
6.6.2019
Darma Capital, a USD 100 million investment firm, is already looking for investors that believe that Ether, the native token of the Ethereum platform, is poised for a 10-year bull run, Bloomberg reported, citing Andrew Keys, a managing member in Darma.
The firm also aims to create similar funds...
Ripple and MoneyGram Don't Comment as Acquisition Rumors are Flying
6.6.2019
After a rumor broke out yesterday that Ripple, a California-based crypto start-up focusing on the banking sector, has acquired the major US-based money transfer company MoneyGram, both companies refused to comment. Both have stated that they do not comment on speculations and rumors as a rule,...
European Football Giant SL Benfica Said Yes to Crypto (Almost)
6.6.2019
More good news came out of the merger of sport and crypto. One of the biggest names in European football, SL Benfica, started accepting crypto as payment “to buy match tickets and the entire range of Benfica products” in a “cheaper, safer and faster [way] than any other online payment method”,...
Bitcoin and Altcoins Correcting Losses but Facing Uphill Task
6.6.2019
After a steady decline, bitcoin price found support near the USD 7,500 level. BTC/USD started an upside correction and recovered above the USD 7,650 and USD 7,700. The price is currently (08:00 UTC) consolidating and facing a lot of hurdles on the upside near USD 7,900 and USD 8,000. Similarly...
Tax Crackdown on Crypto: 60 Targets, 'Global' Institution Involved
6.6.2019
International coalition against crypto tax criminals, J5, is working on 60 investigations, while at least one "global financial institution" and its intermediaries are being targeted among others, a member of J5, the Australian Taxation Office (ATO), confirmed.
The ''global" institution and...
Facebook Coin to be Unveiled in June, 'Nodes', ATMs Coming - Report
6.6.2019
Social media giant Facebook is expected to unveil its digital token this June and is looking for outside backers that would act as "nodes" of this new coin network, The Information reported, citing undisclosed people briefed on the plan.
The social network has talked to dozens of financial...
Analysts Advise Against Buying Bitcoin at Current Dip
5.6.2019
Source: iStock/Valeriy_G
You might want to think twice before you decide to buy bitcoin now before it jumps back up again, according to multiple analysts and traders. There are quite a few theories and suggestions going around in the cryptoworld in regards to what your next bitcoin move might...
Bitfinex's LEO Moves Through Crypto Ranks Faster than Binance Coin
5.6.2019
The competition among major exchange tokens is heating up, as UNUS SED LEO (LEO), the recently-issued Bitfinex exchange token, has reached USD 1.5 billion market capitalization in less than two weeks and is inching closer to the top 10 coins by market capitalization as it is already ranked as...
Bitcoin and Altcoins at Risk of Further Declines
5.6.2019
This week, we saw bearish moves in bitcoin and altcoins. BTC/USD failed to stay above the key USD 8,250 support area and recently declined below key supports. The price even cleared the USD 8,000 support area to move into a bearish zone. It is currently (10:20 UTC) correcting higher, but the recent...
Crypto Tax Evasion ‘Rampant’ in Japan
5.6.2019
Cryptocurrency tax evasion is rife in Japan, per a report by local media. It claims that some 50 people and 30 companies have failed to declare over USD 92 million worth of cryptocurrency transactions.
Asahi Shimbun claims that the companies in question include a Tokyo-based enterprise that trades...
Ex-CEO of Mt. Gox, Mark Karpeles Starting a New Blockchain Business
5.6.2019
Mark Karpeles. Source: a video screenshot, Youtube, whatbitcoindid
Mark Karpeles, the founder of the infamous, fallen Bitcoin exchange Mt. Gox is allegedly starting a new blockchain business in Japan.
This was reportedly told by Karpeles himself in the comments to the press attending a news...
Marshal Islands Ignores IMF Warning and Continues their Coin Project
5.6.2019
The small and remote Pacific island country, the Republic of the Marshall Islands (RMI), has announced that they have formed a non-profit organization, called the SOV Development Fund, moving forward with their coin project despite the warnings by the International Monetary Fund (IMF).
The purpose...
Kin Crashes on SEC Lawsuit News
5.6.2019
Kin (KIN), the native token of the Kin blockchain, crashed following the news that the U.S. Securities and Exchange Commission (SEC) sued developer of this ecosystem, Canada-based Kik Interactive.
The price of KIN, which is now ranked 232nd by market capitalization, nosedived by 45% after the news...
Apple and Microsoft Make New Crypto Moves
4.6.2019
Major tech companies Apple and Microsoft are enhancing their toolset for blockchain developers. While Apple is set to announce CryptoKit, a framework for cryptographic functions, Microsoft is developing a smart contract auditing tool.
Apple CryptoKit will be a new framework for "secure...
SIM-Swap Attacks Are On The Rise: How To Protect Your Crypto?
4.6.2019
New wave of U.S. crypto community members have become victims of SIM swapping attacks over the past month. More than 50 victims have reportedely lost over USD 35 million to hackers in the San Francisco Bay area alone.
SIM swapping is not a new threat, as more than USD 50 million has been...
Researcher Makes Blockchain Warning, But Companies Loathe to Slow Down
4.6.2019
Blockchain adoption continues apace, but a report from researcher Gartner claims that 90% of already-implemented business blockchain platform solutions “will require replacement within 18 months to remain competitive, secure and avoid obsolescence.”
The researcher believes that the sector will...
McAfee to Launch Freedom Coin With "Zero Cash-in Value"
4.6.2019
Source: Twitter, @officialmcafee, @money_alotta
John McAfee, the renown crypto advocate and IT security entrepreneur, announced the launch of McAfee Freedom Coin - a cryptocurrency “with zero cash-in value, yet accepted universally.” The coin should be released this fall.
McAfee claims that...