Cryptocurrency news

• Cryptocurrency firm owners fight suit that alleges they perpetrated a $30-million fraud - Vancouver Sun

  04-04-2019 23:50 via vancouversun.com
  Cryptocurrency firm owners fight suit that alleges they perpetrated a $30-million fraud  Vancouver SunB.C. civil forfeiture office is seeking Coal Harbour townhouse, two Range Rover SUVs and money in banks accounts valued at millions as proceeds of crime.
  
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• Report: Crypto Miner Hut 8 Lays Off More Staff

  04-04-2019 23:20 via cointelegraph.com
  Bitcoin mining firm Hut 8 has reportedly laid off roughly half of its staff at facilities in Alberta, Canada
  
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• Tesla Stock Remains Bearish Despite Elon Musk’s SEC Optimism

  04-04-2019 23:12
  To the surprise of almost no one, Elon Musk walked out of a federal courthouse Thursday still wearing the hat of CEO of Tesla. He was there for a hearing that resulted from the US Securities and Exchange Commission charging in February that Musk had violated an agreement it reached with him in October over his tweeting. After expressing disdain for the regulator, Musk kept on tweeting, which resulted in the SEC finding that he should be held in contempt of court. Judge Sets 2-Week Deadline for E
  
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• Road to Consensus with CFTC Chair Giancarlo – Regulating the Blockchain

  04-04-2019 23:00
  CoinDesk's Nolan Bauerle goes one-on-one with the man whose regulatory oversight extends to the commodities and futures markets – including cryptocurrency.
  
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• Crypto Bull Tom Lee: “The Fair Value of Bitcoin Right Now is $14,000”

  04-04-2019 23:00 via newsbtc.com
  Ever-the-optimist when it comes to crypto, Tom Lee has stated that he thinks a fair price for Bitcoin is $14,000. He bases this opinion on the cost to mine a Bitcoin and what he considers a traditional markup on commodities.
  The managing partner and head of research at Fundstrat Global Advisors also stated that the ongoing bear market of 2018/19 was over. He believes that infrastructure developments and the accumulation of Bitcoin by so-called whales is behind the change in price trends seen thu
  
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• Cryptocurrency Exchange IronX Launches Following $26 Million ICO - Cointelegraph

  04-04-2019 22:42 via cointelegraph.com
  Cryptocurrency Exchange IronX Launches Following $26 Million ICO  CointelegraphRegulated crypto trading platform IronX has rolled out following a $26 million initial coin offering.
  
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• Cryptocurrency Exchange IronX Launches Following $26 Million ICO

  04-04-2019 22:42 via cointelegraph.com
  Cryptocurrency trading platform IronX has rolled out following a $26 million ICO
  
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• Rejected Mt. Gox Victims Get Second Chance to Reclaim Lost Bitcoin

  04-04-2019 22:30
  Not everyone who used Mt. Gox or even who lost money on the disgraced bitcoin exchange is entitled to receive anything from the civil rehabilitation plan, a recent document posted to the failed exchange’s website reveals. Approved creditors have the right to dispute the claims of other creditors, who in turn have the right to appeal. Japanese law also provides for “self-approved claims,” but these creditors fall under a different set procedure. Bitcoin Exchange Victims Have Unt
  
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• South Korean Officials Consider Revision of Existing Crypto Regulations

  04-04-2019 22:04 via cointelegraph.com
  The government of South Korea is reportedly considering a revision of existing cryptocurrency policies
  
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• Exclusive: Paxful founder explains decentralized finance (DeFi)

  04-04-2019 22:00
  Ray Youssef, the CEO of Paxful, a globally
  accessible cryptocurrency marketplace with built-in support for “over 300+
  payment methods,” has predicted that “more than Bitcoin (BTC), it’s
  peer-to-peer” (P2P) or decentralized finance (DeFi) that “will make an impact
  in 10 years.”
  Youssef, who studied history at Baruch College,
  believes the “best [application] of blockchain technology” is its use in
  implementing the Bitcoin protocol. He also thin
  
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• Bitcoin Price Plunge Incoming If Bulls Don’t Follow Through With Volume

  04-04-2019 22:00 via newsbtc.com
  This week, Bitcoin price rallied from the previous 2019 high of $4,200 to the first higher high of the bear market at over $5,000. While there is much speculation across the crypto community as to what sparked the massive rally, most conclude that the powerful upward movement was the result of one major player buying over 20,000 in BTC across three different exchanges.
  Because the market was moved by one large whale, one analyst warns that if buyers don’t step in and follow through with su
  
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• Target Stock Jumps after Top Walmart Rival Hikes Minimum Wage

  04-04-2019 21:56
  Did Target have an epiphany moment on income inequality, or has a tight labor market forced it to hike its minimum wage? Either way, it’s boosting its paychecks to compete more favorably with larger competitors Amazon and Walmart. In a statement, the company noted it was fulfilling the commitment it made two years ago. Target is raising its minimum wage to $13 an hour starting this June. Its goal is to raise it to $15 an hour by the end of 2020. The admirable move still leaves it behind Am
  
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• Andreessen Horowitz projected to invest almost $1 billion into cryptocurrency and related technology - AMBCrypto News

  04-04-2019 21:52 via ambcrypto.com
  Andreessen Horowitz projected to invest almost $1 billion into cryptocurrency and related technology  AMBCrypto NewsThe world of cryptocurrencies has seen a resurgence in terms of both prices as well as interest from various players in the industry. The latest mainstream ...
  
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• Why Bitcoin is STILL Undervalued by a Staggering 64%

  04-04-2019 21:38
  The bitcoin price has climbed 30% year-to-date and is holding just under $5,000 after an early-April rally, but it’s still undervalued by a ridiculous margin. Fundstrat Global Advisors co-founder Tom Lee not only believes that this week’s increase is justified, but he told CNBC the BTC price fails to reflect fair value, which he says is $14,000. Using this measure, bitcoin is currently trading at approximately 64% below its fair market value. Tom Lee: Bitcoin Price REALLY Worth $14,0
  
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• Coda Leads $15 Mln Funding Round for O(1) Labs Including Coinbase and Paradigm

  04-04-2019 21:38 via cointelegraph.com
  Coda protocol, which develops a “succinct blockchain,” has announced the completion of a $15 million fundign round in O(1) Labs
  
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• Canadian Court Rules Drug Dealer Must Hand Over $1.4 Million in Bitcoin

  04-04-2019 21:35
  A Toronto judge has ruled that a 30-year old drug dealer must forfeit 281.41 bitcoins used in illegal activities on the dark web.
  
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• Volatility – The Game Make in Cryptocurrency Trading Is All Set To Continue - The Cryptocurrency Analytics

  04-04-2019 21:07 via thecurrencyanalytics.com
  Volatility – The Game Make in Cryptocurrency Trading Is All Set To Continue  The Cryptocurrency AnalyticsInvestors are kept wondering if the good times are back to the market by looking at the recent happening. Volatility - the game makes in cryptocurrency trading is ...
  
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• SEC’s framework does not answer any big questions about cryptocurrency regulation, says Jake Chervinsky - AMBCrypto News

  04-04-2019 21:01 via ambcrypto.com
  SEC’s framework does not answer any big questions about cryptocurrency regulation, says Jake Chervinsky  AMBCrypto NewsThe U.S. Securities and Exchanges Commission [SEC] was the highlight of the cryptocurrency space after they released a framework on how to analyze which ...
  
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• Ripple (XRP) Correcting, Down 7.7 Percent, Market Brimming With Confidence

  04-04-2019 21:00 via newsbtc.com
  Ripple (XRP) upside headwinds, down 7.7 percent
  XRP based ETP launchedEuropean investors are set to gain access to XRP through a controlled manner as Nordic Growth Market (NGM) launches LTC and XRP-based ETPs. At the same time, Banco Santander will spend $22 billion on One Pay FX in the next four years. Meanwhile, XRP is up but prices are cooling off and could drop to 32 cents.
  Ripple Price Analysis
  Fundamentals
  Traders with access to Nordic Growth Market (NGM) will now have access to Exchange
  
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• Dow Surges Toward Record High after DowDuPont Spinoff

  04-04-2019 20:59
  The Dow outpaced the broader U.S. stock market on Thursday, as shares of the recently divided Dow Inc. (D) surged in anticipation of a new cyclical growth period for the plastic maker. Dow Jumps as Traders Go Rabid The Dow Jones Industrial Average rose by as much as 172 points, reflecting a strong pre-market for U.S. stock futures. The blue-chip index was last up 136 points, or 0.5%, to 26,355.03. Shares of Dow Inc. climbed 4.8%. Boeing Co (BA) jumped 2.4% after the airline manufacturer claimed
  
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• Jeff Bezos Divorce Settlement Looks Wildly Bullish for Amazon Stock

  04-04-2019 20:38
  Jeff and MacKenzie Bezos have tidied up divorce proceedings, and amazingly, Mrs. Bezos isn’t dragging him to the cleaners. The world’s richest man is keeping a staggering 75% of his Amazon stock. The AMZN share price has so far been unmoved by the details, despite the fact that Jeff Bezos’ divorce settlement is excellent news for bulls. pic.twitter.com/OJWn3OOLS6 — MacKenzie Bezos (@mackenziebezos) April 4, 2019 Makenzie Bezos Takes the High-Road as She Gives up More Than
  
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• Hong Kong: Illicit Crypto Mining Operations Are Punishable by Fine or Imprisonment

  04-04-2019 20:31 via cointelegraph.com
  The secretary of Hong Kong’s financial watchdog has stated that illicit crypto mining operations are subject to local trading law
  
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• Greedy Bitcoin Traders Drive Fees up 200% – Here’s What You Can Do

  04-04-2019 20:30
  A CCN reader wrote in to ask us to explain why he has 13 payments pending in the Bitcoin blockchain. The answer is simple enough: at any time, the Bitcoin main chain can become congested. The only way to ensure Bitcoin payments arrive in a very timely fashion is to either pay the highest possible fee or use Lightning Network, which is still gaining traction. Lightning Network Usage Dwarfed by Main Chain Usage For all the fanfare, regular Bitcoin wallet users vastly outnumber Lightning’s us
  
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• LOL: Trump to Fill Vacant Fed Post with Pizza Tycoon Herman Cain

  04-04-2019 20:17
  Herman Cain is reportedly set to be nominated by President Donald Trump for a spot on the Federal Reserve. If appointed, the pizza chain executive’s nomination would round out Trump’s history of laughable appointments to senior positions since taking office. Herman Cain Expected to be Nominated by Trump Administration Cain’s nomination was first rumored at the end of January. Trump’s past nominees to the Fed have fared poorly. He selected Jerome Powell as chairman of the
  
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• Stacktical Wants to Instantly Compensate Victims of Internet Outages Using Smart Contracts and Cryptocurrency Escrows

  04-04-2019 20:16
  Since the hourly cost of downtime can exceed $100K, it goes without saying that the reliability of online services is mission-critical for business and enterprise customers. In 2018, more than 80% of corporations required a minimum of 99.99% uptime commitment from their online service providers. That’s exactly 52 minutes and 35.7 seconds of downtime per year. Service Level Agreements or “SLA” are legally-binding business agreements that define the ins and outs of such commitmen
  
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• The Pundi X Payment Ecosystem Enables Real-Time Cryptocurrency Transactions at Global Retailers - CardRates.com

  04-04-2019 20:08 via cardrates.com
  The Pundi X Payment Ecosystem Enables Real-Time Cryptocurrency Transactions at Global Retailers  CardRates.comIn a Nutshell: Pundi X listened to the global community of retailers and consumers who wanted to use cryptocurrency to conduct in-person retail transactions.
  
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• SEC Can’t Stop Ethereum (ETH) Sell-off, Asset Bearish Below $170

  04-04-2019 20:00 via newsbtc.com
  Ethereum (ETH) prices steady but yet to clear $170
  SEC new guidelines is massive for Ethereum (ETH) but sellers are backIn an effort to improve and provide clarity on the legitimacy of cryptocurrencies, the SEC has released a new set of guidelines. One topic that has always dominated the discussion when it comes to the SEC and cryptocurrencies is ICOs. From the new guidelines the SEC seems to be accepting ICOs which it has previously seemed to be against. Price wise and Ethereum (ETH) bulls are
  
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• TradeWeb IPO: Lyft a Cautionary Tale as TW Stock Rockets 25%

  04-04-2019 19:49
  The TradeWeb IPO launched on Thursday, and shares are up over 25%. The OTC electronic trading outfit is the latest “unicorn” to go public this year, following Lyft’s highly publicized listing on the Nasdaq. As short seller’s pile into LYFT stock, it should be a cautionary tale for investors loading up on TW and its $6 billion valuation. Carl Icahn Dumped Lyft Shares on George Soros and You Never Heard About It There is an entire industry focusing on raising money through
  
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• Bitcoin Cash Price Drops 10.7% – Has the Massive Crypto Rally Stalled?

  04-04-2019 19:30
  The bitcoin cash (BCH) price endured a significant correction on Thursday as the fifth-largest cryptocurrency dropped 10.7-percent from its session high. Top Cryptocurrencies Pull Back from Recent Highs The BCH-to-dollar rate had surged around 100-percent since Monday morning, leaving its top rival bitcoin behind in terms of overall gains. The pair extended its rally towards $341.66 after the US market open yesterday. Later, it corrected to circa $280 in just two hours – its intraday low.
  
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• 2nd round of layoffs hits Alberta cryptocurrency mines as bitcoin price struggles to rebound - CBC.ca

  04-04-2019 19:10 via cbc.ca
  2nd round of layoffs hits Alberta cryptocurrency mines as bitcoin price struggles to rebound  CBC.caA southern Alberta cryptocurrency mine — the self-proclaimed largest publicly traded company of its kind in the world — has announced a second round of ...
  
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• India: Interim Bail Granted to Two Brothers Accused in $300 Mln Crypto Ponzi Scheme

  04-04-2019 19:04 via cointelegraph.com
  The Supreme Court of India has granted interim bail to two brothers who are among the chief suspects accused of running a Bitcoin (BTC)-related Ponzi scheme
  
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• Bitcoin (BTC) Profiteering? Active Wallets Shot Before Apr-2 Price Surge

  04-04-2019 19:01 via newsbtc.com
  Bitcoin prices register double digit gains and steady above $5,000
  An analytical firm notes a spike in wallet active just before the spike.Heightened cryptocurrency wallet activity could have triggered recent price rally. Analytical firm says that only 10 percent of Bitcoin wallets were inactive in the last two weeks leading up to the price surge. In other news, Canada Bitcoin (BTC) forfeiture is the largest in history coming at the time when Bitcoin (BTC) is bottoming up, registering strong ga
  
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• Jamie Dimon’s Surprisingly Clintonian Solution to Trump’s Tax Cut Disaster

  04-04-2019 19:00
  Jamie Dimon has doubled down on his calls for the rich to pay more in income taxes. The JPMorgan CEO has long been a supporter of a more progressive taxation system, and his views have only been sharpened by the recent Trump tax breaks which favored the rich. Dimon in the Rough: JPMorgan Chief Wants a Fairer America In his annual letter to shareholders, the bank’s longstanding CEO reiterated his support for increasing taxes on the wealthy for the good of the country. Calling for an expansi
  
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• Bitcoin Dips Below $5,000 as Crypto Market Trend Slightly Reverses to Red

  04-04-2019 18:52 via cointelegraph.com
  Following the first major bullish move in 2019, the crypto market has reversed to red, with Bitcoin dipping below $5,000
  
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• Austria’s Largest Energy Provider Develops Blockchain Fridge With Bosch

  04-04-2019 18:40 via cointelegraph.com
  Wien Energie, Austria's largest energy provider, has announced the development of ablockchain fridge, together with Bosch, that allows for the reduction of energy waste
  
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• ‘Glorified Test Net’: Billionaire Novogratz Slams Litecoin, Screams ‘Buy Bitcoin’

  04-04-2019 18:33
  By CCN.com: Crypto trader Mike Novogratz fails to see the value in Litecoin. Novogratz, who is at the helm of crypto merchant bank Galaxy Digital, blasts Litecoin’s size and in doing so seems to comes across as threatened by the fifth-biggest cryptocurrency. The Litecoin price has seen its value expand by 40% in April alone, gains that if you ask Novogratz would be better served by bitcoin. The former Fortress hedge fund manager capitalized on Litecoin’s reputation as being digital s
  
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• Coinbase, Paradigm Invest $15 Million in Startup Behind Disappearing Blockchain

  04-04-2019 18:05
  Made by the startup O(1) Labs, the lightweight Coda protocol is adding more big-name investors to its cap table.
  
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• Jerry Nadler Grandstands as Liberals Move the Mueller Report Goalposts

  04-04-2019 18:01
  It’s like talking to a brick wall. House Democrats are so determined to get their hands on the full Mueller report that they are ignoring anyone who says that classified information in it can’t be released. After making a barrage of threats demanding the full report, the Democrats voted to authorize a subpoena ordering that Attorney General William Barr give them the document. It was written by Special Counsel Robert Mueller who spent nearly two years investigating whether the T
  
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• Russian Gas Giant Gazprom to Use Blockchain in Gas Supply Agreements

  04-04-2019 17:57 via cointelegraph.com
  Russian prime minister Dmitry Medvedev has welcomed a blockchain initiative by the country’s state-owned gas giant Gazprom
  
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• Hacked Bitcoin Exchange Bithumb Tells Traders to Halt Deposits

  04-04-2019 17:33
  Bithumb, the exchange recently hacked last week to the tune of around $20 million, sent out an e-mail this morning asking customers to cease making deposits until further notice. The exchange reiterates its claim that no customer funds are lost. Instead, the request is to help investigators. It reads, in part: We would like to ask you to stop making deposits of cryptocurrency in order to check our member’s assets through external organization and to cooperate with the investigating agency
  
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• Bullish Bitcoin Technicals Thrills Analysts to Predict Next Leap Beyond $7,000

  04-04-2019 17:10
  By CCN.com: As the bitcoin price slightly retraced below $5,000, the valuation of the crypto market dropped by $9 billion in the past 24 hours. However, based on technical indicators, analysts remain convinced that the $5,000 to $6,000 range will be broken by bitcoin in the near-term and $7,000 is the next reasonable step for the dominant cryptocurrency. The valuation of the crypto market dropped by $9 billion but in the past seven days, even with today’s drop, the market has added $28 bil
  
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• Checking in on bitcoin’s price charts

  04-04-2019 16:59
  This week has been an exciting one for bitcoin. Crypto’s largest asset finally broke through a difficult zone and held above it. Let’s see what the charts say now that the dust has settled a bit!1-Week chartImage Courtesy: TradingView.comBitcoin’s weekly chart shows the 200-week moving average (MA) as a possible support area, well-below price. The 20-week MA also still appears relevant as a possible support level, should BTC head back down to retest that zone.
  The asset still d
  
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• North Korea Supposedly Using Cryptocurrency to Fund Its Nuclear Program - BeInCrypto

  04-04-2019 16:52 via beincrypto.com
  North Korea Supposedly Using Cryptocurrency to Fund Its Nuclear Program  BeInCryptoA recent report by Wired alleges that North Korean hackers could be using crypto attacks and hacks as a way to fund state nuclear programs.
  
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• Blockchain Software Firm Digital Asset Open Sources its DAML Language

  04-04-2019 16:52 via cointelegraph.com
  Blockchain software firm Digital Asset has open sourced its Digital Asset Modeling Language, an alternative to smart contracts for financial institutions
  
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• Mt. Gox Trustee Announces Creditors Received Decisions Over Rehabilitation Claims

  04-04-2019 16:43 via cointelegraph.com
  Nobuaki Kobayashi, trustee of the notorious Japanese Bitcoin (BTC) exchange Mt. Gox, has sent the decisions on rehabilitation claims to customers
  
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• Bitcoin is the Hottest Trend on China’s Search Engine, Will Capital Flow In?

  04-04-2019 16:42 via newsbtc.com
  On the day Bitcoin price surged over $1,000, it also took the Baidu trend by storm.
  China’s top internet search engine saw ‘bitcoin’ emerging on the hottest new keyword list. A pointer system on the platform awarded the keyword 9715 points. The trend that came closest to that of bitcoin was almost four times behind at 2236 points. It signified that the digital currency’s volatility stayed well within the mind of an average Chinese internet user.Due to the recent pric
  
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• Tesla Stock Crashes 10% After Reporting Biggest Sales Drop Ever

  04-04-2019 16:36
  It’s shaping up to be a rough day for Elon Musk. Shares at his Tesla were down sharply this morning on horrific Q1 delivery numbers. Those numbers came out as the CEO readies to learn his faith resulting from being held in contempt of court for violating an agreement with the U.S. Securities and Exchange. That court hearing is scheduled for today. Miss Not Just Bad, But Record-Setting Bad Tesla reported a record decline in deliveries in the first quarter. During the three months, Tesla pro
  
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• Charles Hoskinson-Backed Prediction Service Launches, Offers ERC-20 Token Price Insights

  04-04-2019 16:23 via cointelegraph.com
  A new protocol that counts Charles Hoskinson as an advisor aims to analyze big data using artificial intelligence to predict token prices
  
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• 3iQ Partners with KoreConX for Securities Offering

  04-04-2019 16:10
  KoreConX offers end-to-end service for digital token offerings.
  
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• 3iQ Partners with KoreConX for Digital Securities Offering

  04-04-2019 16:10
  KoreConX offers end-to-end service for digital token offerings.
  
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