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MATIC Explodes Into Top 100 Coins After Whopping Rise of 1,200%
21.5.2019
Source: iStock/Jag_cz
MATIC, the native token of Matic Network [MATIC], a developer of Layer 2 scaling solution, has been seeing a major rise in its price in the last few days, jumping by almost 90% today. Moreover, since its lowest point on May 9, the price skyrocketed around 1,200%.
At pixel...
Bitcoin and Altcoins Preparing For Next Crucial Break
21.5.2019
In the past three sessions, bitcoin price mostly traded in a broad range above the main USD 7,650 support area. BTC/USD climbed above the USD 7,800 and USD 7,900 levels, but it struggled to gain momentum above the USD 8,050 resistance area. Ethereum price is also trading in a range (08:10 UTC,)...
New Crypto Tax Guidance Coming "Soon" in the U.S.
21.5.2019
The U.S. Internal Revenue Service aims to publish a new guidance on taxing cryptocurrency transactions "soon," according to IRS Commissioner Charles P. Rettig.
He was responding to Congressman Tom Emmer's bipartisan letter, led along with his fellow co-chairs of the Congressional Blockchain Caucus...
Do We Really Need it? SEC Fuels Debate On Controversial Bitcoin ETF
21.5.2019
Source: iStock/Photographer, Filmmaker, Designer
The U.S. Securities and Exchange Commission (SEC) said it needs more time before making a final decision regarding Bitcoin ETF (exchange traded fund) and asked everyone for additional comments. And now the cryptoverse is yet again debating the need...
Crypto Listing & Delisting Announcements For the Week
20.5.2019
Below is our weekly collection of digital asset listing and delisting announcements by cryptocurrency exchanges that we found last week.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Crypto Market Sentiment: Ethereum Joins Bitcoin in the Positive Zone
20.5.2019
The crypto market sentiment continues its improvement with its score now standing at 5.48 – up from last week’s 5.1, according to Omenics (previously - Predicoin,) a crypto market sentiment analysis service. Most coins saw a rise in their respective scores and all remain in the neutral zone, while...
Binance Hack: What Did CZ Do After the “F***, F***, F***” State?
20.5.2019
Source: Instagram, Binance
When Binance CEO Changpeng Zhao first realized that the exchange had been hacked, and plenty of funds stolen on May 7, his first thought was “F***!”. His second thought was quite different: “F***!!”, while the third one, and you’ll never guess it, was: “F***!!!”.
A...
A Surprise from JPMorgan: 'Bitcoin Has Intrinsic Value'
20.5.2019
Bitcoin has intrinsic value, admitted a team of strategists at major investment bank JPMorgan Chase & Co and warned that the coin mirrors a boom-bust pattern of 2017.
According to the strategists, bitcoin price now surges beyond its “intrinsic value,” trading about twice as high as where...
Bitcoin, Litecoin and Ethereum Now on WhatsApp
20.5.2019
Users of major instant messaging platform WhatsApp can now send and receive Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH), via this program by using the Lite.IM bot, developed by Swiss blockchain startup Zulu Republic, the company announced on Sunday.
A screenshot of the bot.
Smartphone users...
Proof of Institutionals: Bitcoin Derivatives Skyrocketed in April
20.5.2019
Regulated bitcoin derivatives trading volume increased sharply in April, after the recent bitcoin rally that pushed the price of the most popular cryptocurrency from USD 4,000 to more than USD 8,000 started.
Average CME’s bitcoin futures product volumes increased by 263%, to USD 256 million...
Bitcoin and Altcoins Correcting Gains
20.5.2019
This past week, bitcoin price climbed towards the USD 8,400 level and later started a major downside correction. BTC/USD declined more than USD 1,000 and tested the USD 6,600 support area. However, the price bounced back sharply in the past two days and rebounded above USD 7,450 and USD 7,800....
Interest in Bitcoin Spikes Following Major TV Show in the U.S.
20.5.2019
Anderson Cooper. Source: a video screenshot, 60 Minutes
Google searches for 'bitcoin', 'what is bitcoin' and 'how to buy bitcoin' increased after one of the most popular American television shows, 60 Minutes aired a program dedicated to the most popular cryptocurrency on Sunday. Meanwhile,...
Crypto Market Rebounds to Pre-crash Level
19.5.2019
The crypto market moved up sharply on Sunday, recovering all its loses suffered after a crash on Friday.
At pixel time (10:17 UTC), all top 100 coins by market capitalization (except four stablecoins) are in green, while bitcoin cash and binance coin are the two biggest gainers (+16% and +14%...
International Money Transfer: Western Union vs World Remit vs Bitcoin
19.5.2019
One of the earliest cited use cases for bitcoin was international money transfers. Many believed that bitcoin would disrupt the global remittance market like nothing before because of the digital currency’s ability to process borderless digital cash transactions in a matter of minutes at a much...
How Cryptocurrency Scams Work
19.5.2019
Don’t end up like this person.
fizkes/Shutterstock.com
Millions of cryptocurrency investors have been scammed out of massive sums of money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology...
What is Decentralized Finance and What’s It Good For?
18.5.2019
DeFi, or decentralized finance, is one of the biggest things in the blockchain and cryptocurrency industry right now, and it does pretty much what its name suggests. That is, it uses blockchains, smart contracts and/or cryptocurrencies to deliver financial services to customers, be these loans...
To The Moon And Hopefully Not Back: 20 Crypto Jokes
18.5.2019
With Bitcoin’s price going above USD 8,000 and generating tremendous amounts of hype in the community, the internet has been a humor-generating machine lately. And then the market crashed on Friday, but jokes survived as everyone believes we're still in an uptrend. Anyway, since everyone...
What Crypto Regulations Does Japan Want the G20 to Impose – and Why?
17.5.2019
Prime Minister of Japan Shinzo Abe. Source: Twitter, @JPN_PMO
As we reach the midway point in what has already been one of the most tumultuous years yet for cryptocurrency enthusiasts, one thing is certain – the second half of 2019 is already shaping up to be every bit as eventful.
Until recently...
Think Tank Warns of Ethereum Security Risks
17.5.2019
The whole Ethereum network could be facing the threat of a 51% attack due to some clients that remain unpatched, according to a recent report from Berlin-based hacking research collective and consulting think tank Security Research Labs. This is due to a whole third of Ethereum Parity nodes not...
'Regulatory Uncertainty' Makes Poloniex 'Deeply Frustrated'
17.5.2019
Popular, U.S.-based cryptocurrency exchange Poloniex will stop offering nine coins to United States customers due to “regulatory uncertainty in the US market.”
"It is not possible to be certain whether U.S. regulators will consider these assets to be securities,” the company stressed in...