Cryptocurrency news

• Phase Zero Code for Ethereum PoS Transition Can Be Completed by June 30: ETH Core Devs

  03-05-2019 23:23 via cointelegraph.com
  Phase zero, the code for the Ethereum blockchain’s first-stage transition to a proof-of-stake consensus algorithm, could be finalized by the end of June
  
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• 3 Reasons Bitcoin Will Race Toward a New Record High at $20,000

  03-05-2019 23:10
  By CCN: The bitcoin price surged as much as 7.60-percent on Friday to establish a new 2019 peak at $5,796.93. The uptrend pushed bitcoin’s year-to-date rally to an impressive 54.08-percent. At the same time, it brought the asset’s total recovery to an astounding 82-percent and set the cryptocurrency well on its way to a fresh record high. Here are three factors that indicate the bitcoin price has not only found a bottom but is also well on its way to smashing through the $20,000 peak
  
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• Nations Continue to De-Dollarise by Hoarding Gold: Is Stockpiling Bitcoin Next?

  03-05-2019 23:00 via newsbtc.com
  According to a report by the World Gold Council, central banks have been buying more gold this first quarter than they have in the previous six years. The efforts to diversify away from the US dollar are being led by China and Russia.
  With a clear global appetite for store-of-value-type assets that are not connected to the dollar, the question remains, when will it emerge that banks are buying Bitcoin?
  When Will Central Banks Stockpile Digital Gold, aka Bitcoin?
  The World Gold Council estimates
  
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• A Case of $850 Million in Missing Cryptocurrency - Fortune

  03-05-2019 22:54
  A Case of $850 Million in Missing Cryptocurrency  FortuneNew York Attorney General Letitia James accused cryptocurrency exchange Bitfinex of hiding the loss of $850 million. Where is the money?
  
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• MIT's Christian Catalini Said to Be Working on Facebook's Cryptocurrency - CoinDesk

  03-05-2019 22:35
  MIT's Christian Catalini Said to Be Working on Facebook's Cryptocurrency  CoinDeskChristian Catalini is on leave from MIT and working at Facebook, two people with knowledge of the situation told CoinDesk. The prominent crypto economist is ...
  
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• MIT’s Christian Catalini Said to Be Working on Facebook’s Cryptocurrency

  03-05-2019 22:35
  Prominent crypto researcher Christian Catalini is helping Facebook with its stablecoin efforts, two sources with knowledge of the situation tell CoinDesk.
  
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• ‘Bitcoin and Friends’ Featuring Petey Pablo Adds Levity to Crypto

  03-05-2019 22:29
  By CCN: Bitcoin now has its very own version of “Adult Swim.” A cartoon called Bitcoin and Friends will soon be launching its second episode pending fundraising through a combination of donations and sponsorships. The cartoon features the voice of rap artist Petey Pablo who plays Jones, a car dealer turned ice cream truck driver/drug dealer. Bitcoin’s Own South Park Bitcoin the character is born into a dark world blown out by the 2008 financial crisis. Every 10 minutes or so, h
  
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• Ethereum moving closer to proof of stake, code almost finalized

  03-05-2019 22:16
  The code for Ethereum’s new proof-of-stake (PoS)-based consensus algorithm is almost ready, and it will be out by end of next month. Let’s briefly discuss the roadmap and the benefits of the main features that will be incorporated in when “Ethereum 2.0” goes live.
  Ethereum Developer’s Meet
  The bi-weekly meeting between Ethereum’s Core developers was held recently and during that conference call, one of the Ethereum Foundation researchers, Justin Drake, stated
  
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• Dow Soars 200 Points on Blowout Jobs Report, But Tepid Wages Rattle Bond Markets

  03-05-2019 22:11
  By CCN: The Dow and broader U.S. stock market blasted higher on Friday after stronger than expected jobs data quelled lingering doubts about the health of the domestic economy. But the picture wasn’t perfect, as tepid wage growth rattled bond markets, sending U.S. Treasury yields lower. Dow Adds Triple Digits; S&P 500 Closes on Record Territory All of Wall Street’s major indexes prepared to close sharply higher, reflecting a strong pre-market for Dow futures. The Dow Jones Indust
  
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• Is The Bottom In? Bitcoin Price (BTC) Has Nearly Doubled Since Bear Market Low

  03-05-2019 22:00 via newsbtc.com
  The current price action across the crypto market, especially when it comes to Bitcoin, has both bears and bulls alike in disbelief. Following the longest and among the most painful bear markets yet, both sides have become accustomed to rallies being swatted down the moment any confidence in the market has returned.
  But in recent days, shorts have piled on, while the price has only increased. Bears are being taken by surprise as Bitcoin inches closer to the $6,000 resistance level that once play
  
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• Stunning! Dow Recovers as US Economy Thrives, Adding 263k Jobs

  03-05-2019 21:30
  By CCN: The Dow Jones has surged by 0.8% on the day to 26,517 points after a dip on May 2, which saw the Dow fall to as low as 26,213 points. The unexpected 1.6% decline in the Dow earlier this week is said to have been primarily triggered by the withdrawal of Stephen Moore from the consideration of being placed on the Federal Reserve Board of Governors. U.S. President Donald Trump said: “Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fe
  
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• Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 3

  03-05-2019 21:26 via cointelegraph.com
  Is it a good time to buy, or book profits following the recent rally? Let’s consult the charts
  
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• Blockchain Industry Comments on Expected Facebook Cryptocurrency: "Facebook is the antithesis of what Cryptocurrency stands for." - Crowdfund Insider

  03-05-2019 21:03
  Blockchain Industry Comments on Expected Facebook Cryptocurrency: "Facebook is the antithesis of what Cryptocurrency stands for."  Crowdfund InsiderCrowdfund Insider reported earlier today that more rumblings on Facebook's entrant into the cryptocurrency sector have emerged. In a WSJ report, it was.
  
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• Amazon Stock Jumps After ‘Idiot’ Warren Buffett Reveals Berkshire Stake

  03-05-2019 21:02
  By CCN: Billionaire Warren Buffett gave Amazon stock a jolt today after revealing that he owns AMZN shares and was “an idiot” for not investing in the e-commerce giant sooner. On May 3, Amazon closed at $1,962.46 a share, up 3.24%, on heavy volume of 6.2 million shares. Average daily trading volume is 4.17 million shares. Buffett: ‘I’ve Been an Idiot for Not Buying Sooner’ On Friday morning, Amazon stock climbed 2.5% in pre-market trading after Buffett admitted that
  
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• Tron (TRX) Prices Flat, Did Justin Sun Consider Investing in BitFinex?

  03-05-2019 21:00 via newsbtc.com
  Tron (TRX) range bound but up 4.5 percent
  Justin Sun could invest in BitFinex IEOThe integrity of any blockchain team lead them to success or failure. Therefore, the decision of Tron’s co-founder Justin Sun to contemplate  investing in an IEO of a trusted exchange headed by a questionable team should under ordinary circumstances  raise red flags. At spot rates, Tron (TRX) is up 4.5 percent from last week’s close, and bulls are aiming at 4 cents.
  Tron Price Analysis
  Fundame
  
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• S&P Bull: Fundstrat’s Tom Lee Says ‘Buy Stocks Even at New Highs’

  03-05-2019 21:00
  By CCN: Fundstrat Co-Founder Thomas Lee has been covering the stock market for longer than he’s been analyzing bitcoin. And while crypto has been a tough nut to crack, he’s got a pretty good track record with stocks. Lee’s scorecard bodes well for his latest prediction that the S&P 500 index will reach 3,125 by year-end, which is higher than his previous forecast of 2,925. So why so bullish? For one thing, stocks have already blown past Fundstrat’s previous target of
  
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• Ethereum Foundation Re-Releases Community Website

  03-05-2019 20:56 via cointelegraph.com
  The Ethereum Foundation has decided to release a new iteration of their community website ethereum.org
  
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• Craig Wright Rants About Why Satoshi ‘F*cking’ Abandoned Bitcoin

  03-05-2019 20:35
  By CCN: Even as he sues his critics left, right, and center over their refusal to recognize him as Satoshi Nakamoto, self-declared Bitcoin creator Craig Wright continues to drop bombshells that ignite even more controversy. Speaking during a Bitcoin Wednesday event in Amsterdam, the Bitcoin SV figurehead indicated that the only reason he outed himself as Satoshi Nakamoto was to right what had gone wrong with his alleged creation: “Part of why I f*cking disappeared was to have things not co
  
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• BitMart Hosted Lectures at Top U.S. Academic Institutions, Determined to Promote Blockchain Education

  03-05-2019 20:08
  On April 26 and April 30, BitMart Exchange, a premier global digital asset trading platform, organized two separate lectures at Columbia University and The State University of New York at Stony Brook (SBU). “In 2017, the concept of Security Token Offering (STO) was raised and the market was around USD 22 million in total. In 2018, after just one year, STO figures grew exponentially to USD 442 million,” said Daisy Li, Corporate Counsel of BitMart. She attended a lecture at Columbia Un
  
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• Ripple (XRP) Performance Dismal, Central Banks Link Up

  03-05-2019 20:00 via newsbtc.com
  Ripple (XRP) performance dismal, bulls add 1.3 percent in 24 hours.
  Despite apparent efficiency, a central bank official said he sees no potential in RippleAn official from Singapore’s MAS is skeptical of retail bank digital currencies capabilities after the country’s Project Ubin linked with Canada’s Project Jasper effecting the first transaction. Presently, Ripple (XRP) is lagging in performance in the top-10 as bulls fail to cross above 34 cents.
  Ripple Price Analysis
  Funda
  
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• Ripple (XRP) Performance Dismal, Central Banks Fight Back

  03-05-2019 20:00 via newsbtc.com
  Ripple (XRP) performance dismal, bulls add 1.3 percent in 24 hours.
  Despite apparent efficiency, a central bank official said he sees no potential in RippleAn official from Singapore’s MAS is skeptical of Ripple’s capabilities after the country’s Project Ubin linked with Canada’s Project Jasper effecting the first transaction. Reflecting this negativity is Ripple (XRP) poor performance in the top-10 and failure to close above 34 cents as prices range.
  Ripple Price Analys
  
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• SpaceX Fesses Up: Mysterious ‘Anomaly’ Was Capsule Being Blown to Bits

  03-05-2019 19:55
  By CCN: The only thing worse for Elon Musk than a Tesla car exploding for no reason is a SpaceX Crew Dragon capsule exploding to smithereens during a high-stakes test. The only thing worse than that, however, is describing the capsule’s obliteration as “an anomaly”. Nobody was aboard the Crew Dragon space capsule…this time. The question is how long NASA will permit mega-huckster Elon Musk to continue playing with his space toys before they shut him down. ‘Anomaly&r
  
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• Amazing! Ripple Inks a Deal with a $40 Billion Money Transfer Giant

  03-05-2019 19:40
  By CCN: Ripple has announced its latest partnership. Ria Money Transfer will use RippleNet to facilitate real-time blockchain-powered global payments. XRP, of which Ripple is the largest holder, is up 1% today. Ria Money Transfer’s yearly money transfer volume is approximately $40 billion. They rank as the No. 2 service provider in the remittance industry. Ria will leverage RippleNet technology to gain access to hundreds of financial institutions in Ripple’s global blockchain payment
  
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• Weekly roundup April 29 – May 3

  03-05-2019 19:34
  Overall, this week was another positive one for bitcoin in terms of price. The asset fluctuated through the low to mid-$5,000 range as headlines surfaced regarding Bitfinex, IOTA, HTC and a host of other topics. Catch up on this week’s news!
  Crypto influencers are confident the bottom is in, $350 premium on BTC at Bitfinex, Ethereum’s ProgPow updateBitcoin technical analyst Willy Woo took an April 22 poll on Twitter to find out what some of the top minds in crypto think regarding wh
  
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• Bitcoin (BTC) Spikes But The Main Party is After $6,000

  03-05-2019 19:00 via newsbtc.com
  Bitcoin (BTC) table-topping, up 11 percent in the last week
  A bullish profile developing but buyers must clear $6,000 resistanceA crypto analyst at Fundstrat is encouraging traders and investors to focus on the longer-term technical profile after today’s upswings. After closing above $5,600 minor resistance, Bitcoin (BTC) is up 5.4 percent in the last day as buyers aim at $6,000.
  Bitcoin Price Analysis
  Fundamentals
  After last week’s tepid market movement, Bitcoin (BTC) bulls are bac
  
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• 68% of Rich Investors Admit They’ve Caught the Bitcoin Bug

  03-05-2019 18:37
  By CCN: The crypto virus continues to spread, and wealthy investors are rapidly contracting the bitcoin bug. That’s the conclusion from a blockbuster survey conducted by deVere Group, a wealth adviser with more than 80,000 clients and $12 billion under advisement. Almost Every Wealthy Investor Will Own Crypto by 2022 The survey, which included responses from 700 deVere clients across the world with at least £1 million in investable assets, found that 68% of high-net-worth investors p
  
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• Facebook to launch stablecoin-based payment network

  03-05-2019 18:27
  Facebook to Launch Project Libra
  According to a recent Wall Street Journal report, Facebook is set to finally foray into the blockchain industry with the launch of a stablecoin-based payment network known as Project Libra.
  Project Libra can easily become the most mainstream application of blockchain technology due to the size of Facebook and the global patronage it receives.
  The blockchain project has been in the works for a while as Bloomberg and the New York Times covered Facebook’s pla
  
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• A Domain That Is Yours Forever

  03-05-2019 18:21
  Internet censorship has become a hot topic recently, and a lot of attention is paid to the role of internet service providers. However, not nearly as much attention is paid to domain companies and cloud storage companies. Take down requests for websites are frequently delivered to registrars like Godaddy and Google Domains. These companies are custodians of your domain – you don’t control it. If they get a court order, they take it away. Similarly, if a cloud storage provider like Am
  
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• Binance API Seemingly Reveals That Margin Trading Has Been Enabled for Nine Trading Pairs

  03-05-2019 18:17 via cointelegraph.com
  Binance has seemingly enabled margin trading for nine trading pairs, according to its public API
  
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• Tokenized Securities Exchange Currency.com Launches to the Public

  03-05-2019 18:00
  Belarus-based exchange Currency.com has left beta mode to offer trading and investment in 1,000 tokenized securities.
  
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• German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site

  03-05-2019 17:54 via cointelegraph.com
  The German police, along with Europol, have taken down servers of the Wall Street dark web marketplace, with six figures in crypto seized
  
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• Delusional Elon Musk Predicts Tesla Stock Will Race to $2,900

  03-05-2019 17:48
  By CCN: Elon Musk is well-known for making tall claims to drive Tesla stock higher. From promising full self-driving cars in just over a year to deploying millions of robotaxis, Musk has been in overdrive mode to save his company’s stock price from crashing after a horrifying quarterly report. But his latest claim takes the cake. Elon Musk’s Latest Tesla Claim Is Absolutely Bewildering Tesla is looking to raise up to $2.7 billion in capital through a series of stock offerings, with E
  
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• Venezuela: Bitcoin trading volume hits all-time high

  03-05-2019 17:46
  Bitcoin has been the savior for many countries that are caught up in economic turmoil. Venezuela is the prime example in this regard as it is facing hyperinflation to the tune of 1,300,000  percent annually. Its economy is on the verge of collapse. This may have led to the new high in Bitcoin trading volume because many Venezuelans are dumping the national Bolivar for Bitcoin.
  Record Bitcoin Volume in Venezuela
  Coin Dance reports Bitcoin trading volumes from peer-to-oeer (P2P) exchanges li
  
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• Thailand SEC: Readies Updated Regulations for Cryptocurrency Inclusion - Blockonomi

  03-05-2019 17:09
  Thailand SEC: Readies Updated Regulations for Cryptocurrency Inclusion  BlockonomiThe Thailand SEC says it will amend the countries Securities and Exchange Act of 2019 to provide more inclusion for cryptocurrency.
  
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• Australia Tax Office Tries To Track Down Cryptocurrency-Tax Evaders - Bitcoinist

  03-05-2019 17:01
  Australia Tax Office Tries To Track Down Cryptocurrency-Tax Evaders  BitcoinistThus far, Australian cryptocurrency traders have been able to avoid the gaze of the tax man without too much effort. But this week, the Australian Taxation Office ...
  
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• Litecoin Jumps 161% YTD and Crosses $80 on a Harry Potter Spell

  03-05-2019 16:54 via newsbtc.com
  Litecoin, once the bitcoin’s closest rival, has beaten almost all the top crypto assets in terms of year-to-date (YTD) performance.
  The LTC/USD instrument has printed a 164.14 percent adjustable gains in 2019, bringing its total rebound to a total of 256 percent. Compared to other top dollar-based cryptocurrency instruments, Litecoin is only behind Binance Coin’s BNB token and Tezos’s XTZ, whose YTD performances are 292.43 percent and 177 percent, respectively. At the same time
  
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• Wall Street Analyst Screams ‘Buy Bitcoin’ Before It Hits $20,000 Next Year

  03-05-2019 16:52
  By CCN.com: Independent research firm Fundstrat Global Advisors had accurately called bitcoin’s crash late last year when the cryptocurrency was trading at $5,500 levels, but it now believes that the bad days are over and the time to buy is here once again. When Sluymer says, you listen Fundstrat technical strategist Robert Sluymer, who had made the negative call in mid-November last year, believes that bitcoin is all set for a rally in the second half of the year as he sees bullish long-t
  
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• Cryptocurrency Q1 roundup: How did XRP perform? - The Next Web

  03-05-2019 16:16
  Cryptocurrency Q1 roundup: How did XRP perform?  The Next WebCryptocurrency and blockchain were built to usurp centralized authorities like governments and banks. And then came Ripple, $XRP▽1.96% the digital asset ...
  
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• 68% of Global Millionaires Already Invested or Plan to Invest in Crypto by 2022: Survey

  03-05-2019 16:10 via cointelegraph.com
  Almost 70% of global high-net-worth individuals have already invested or plan to invest in crypto by the end of 2022, according to a survey by deVere
  
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• Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

  03-05-2019 16:02 via cointelegraph.com
  Setl, a United Kingdom-based Credit Agricole backed blockchain-based settlement startup, has returned after filing for insolvency in March
  
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• Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer - Cointelegraph

  03-05-2019 15:51
  Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer  CointelegraphNews. One of the United Kingdom's most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but ...
  
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• Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer

  03-05-2019 15:51 via cointelegraph.com
  According to the Chancellor of the High Court, both crypto and smart contracts will ultimately “pass the starting line” in the U.K.
  
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• Dow Blasts Higher After Controversial Fed Pick Ditches Trump

  03-05-2019 15:42
  By CCN: The stock market shot higher on Friday, enabling the Dow to slam the brakes on its multiday decline. Meanwhile, President Trump dropped the shocking announcement that controversial Federal Reserve nominee Stephen Moore had yanked his name from consideration. Dow Races Higher After Two Days of Brutal Declines As of 9:38 am ET, the Dow Jones Industrial Average had jumped 152.61 points or 0.58%, launching the DJIA to 26,460.4. The S&P 500 and Nasdaq posted similar gains, rising 0.55% to
  
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• Bitcoin Hero and CFTC Chair Giancarlo Expects ‘Explosive’ Spike in Crypto Interest

  03-05-2019 15:39
  By CCN.com: J. Christopher Giancarlo, the retiring chairman of the CFTC, expects a massive spike in interest in cryptocurrencies with the launch of bitcoin futures products. Giancarlo made the remarks in a May 1 speech before a Congressional committee. During his testimony, he recounted the highlights of his tenure at the Commodity Futures Trading Commission (CFTC) and its response to today’s increasingly digital and algorithmic financial markets. Giancarlo says the CFTC expects to see a b
  
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• Bitcoin Price Skies 5-Month Highs But $850 Million Tether Scandal Spells Doom

  03-05-2019 15:25
  By CCN.com: In the past 24 hours, the bitcoin price has increased by 6 percent against the U.S. dollar as the real spot volume of the dominant cryptocurrency spiked to $800 million. In the first week of March, the daily volume of bitcoin was estimated to be around $270 million. In less than a month, the spot volume of the asset surged 196 percent. But, due to the controversy around Tether that has created a $300 to $400 premium, cryptocurrency trader DonAlt said that he expects bitcoin to fall b
  
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• Qtum Confirms Google Cloud Features Rollout to Improve User Accessibility

  03-05-2019 15:22 via cointelegraph.com
  Qtum continues features expansion with Google Cloud accessibility deal
  
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• Singapore Gov’t Leads Project ‘OpenCerts’ to Issue Graduate Certificates on Blockchain

  03-05-2019 15:17 via cointelegraph.com
  Graduates from 18 educational institutions in Singapore will receive blockchain-based digital certificates starting from 2019
  
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• Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

  03-05-2019 15:00
  Correlation isn't causation, but it looks like gold's fall is driving bitcoin prices up.
  
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• Bitcoin Price Will Hit $1 Million and John Mcafee Won’t be Eating his D**k

  03-05-2019 14:43
  By CCN.com: Anyone who has been looking forward to watching Cryptocurrency maverick and anti-virus software guru John McAfee feast on his male member stands to be disappointed. This is because the 2020 U.S. presidential candidate still stands by his prediction that bitcoin will reach $1,000,000 by the end of next year. In a tweet referencing an article in which he was mentioned as one of cryptocurrency personalities who have made bold price predictions, McAfee warned that anyone who had been pla
  
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• CME Group’s Net Income Falls 17% in Q1 Amid Record BTC Futures Trading Volume in April

  03-05-2019 14:31 via cointelegraph.com
  US derivatives market CME Group — whose BTC futures has record trading volume levels in April — has reported a 17% fall in net income for the first quarter of 2019
  
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