Cryptocurrency news

• Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff

  10-05-2019 23:55
  By CCN: Market contrarian and popular gold bug Peter Schiff has once again come out with guns blazing against bitcoin and cryptocurrency. Peter Schiff: ‘Ponzi Scheme’ Bitcoin Is ‘Fool’s Gold’ with ‘No Value’ In an interview with Max Keiser of the Keiser Report, Schiff – the CEO of Euro Pacific Capital – ranted that bitcoin “pretend” to be gold but is just “fool’s gold.” “I don’t think bitcoin has anyt
  
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• New Ernst & Young Report Reveals Assets and Debts of Now-Defunct QuadrigaCX

  10-05-2019 23:08 via cointelegraph.com
  A new report from audit firm EY outlines the assets and debts of Canadian crypto exchange QuadrigaCX and its subsidiaries
  
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• Prominent Bitcoin Analyst: If BTC Holds this Price for a Day or Two, I’m Flipping Bullish

  10-05-2019 23:00 via newsbtc.com
  A prominent cryptocurrency analyst and one of few yet to be convinced that Bitcoin will not sink lower than its December 2018 low of $3,200 once again is teetering on the edge of bullishness. Vinny Lingham, a South African entrepreneur and co-founder of the Civic (CVC) blockchain identity platform, has stated that he will come around to the belief that crypto winter is indeed over if Bitcoin can stay above the price many though would serve as immense resistance – $6,200.
  Lingham has previo
  
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• Bitcoin Price: Social Media Indicators Suggest Bears May Be Lurking

  10-05-2019 23:00
  By CCN: Augmento is an artificial intelligence platform that analyzes trends and data to “augment human decision-making.” The firm posted the results of its look into the bitcoin bear market today with an eye toward determining if crypto winter is truly over. Social Media Reveals Feelings Toward Bitcoin Augmento’s algorithm categorizes social media mentions of cryptocurrency in several ways – everything from “FOMO” (fear of missing out) to “annoyed.&rdqu
  
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• Boston Fed Announces Plans To Design a Blockchain ‘Supervisory Node’

  10-05-2019 22:45
  The Boston Federal Reserve is close to launching their own private supervisory node.
  
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• U.S. investor awarded $75 million in cryptocurrency crime case - Reuters

  10-05-2019 22:30 via reuters.com
  U.S. investor awarded $75 million in cryptocurrency crime case  ReutersNEW YORK (Reuters) - U.S. entrepreneur and cryptocurrency investor Michael Terpin won $75.8 million in a civil judgment against a 21-year-old man who ...
  
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• Munich Re Insures Curv’s Crypto Wallet To the Tune of $50 Million

  10-05-2019 22:30
  Crypto wallet firm Curv has obtained up to $50 million of insurance coverage for institutional customers from Munich Re.
  
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• Amazing! Bitcoin Is 2019’s Top-Performing Asset, Outpacing Stocks & Oil

  10-05-2019 22:30
  By CCN: In December 2018, the mainstream media proclaimed the death of bitcoin (BTC/USD) for the millionth time. At that point, the first cryptocurrency dropped by as much as 84% from the all-time high of around $20,000 as the price plunged below mining costs. The bearish sentiment was so strong that almost no one dared to long the digital asset. Those who did, however, have been handsomely rewarded because bitcoin is 2019’s best-performing asset globally. Bitcoin Outperforms Other Assets
  
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• Marconi protocol: building secure infrastructure for blockchains

  10-05-2019 22:09
  The Marconi protocol, a networking and blockchain protocol that uses a “programmable packet design,” allows developers to create secure and decentralized networking apps.
  These customized software applications can effectively replace more expensive and traditional networking hardware equipment, while being able to perform the same essential functions. In a recent interview with Crypto Insider, the Marconi protocol development team revealed that their platform has been built with the
  
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• Messari CEO: Ethereum 2.0 Proof-of-Stake Transition Not to Happen Until at Least 2021

  10-05-2019 22:08 via cointelegraph.com
  The Ethereum 2.0 PoS transition will not happen before the end of 2021, Messari CEO Ryan Selkis predicted at a recent panel of ConsenSys’ Ethereal Summit
  
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• Dow Reverses Brutal Loss as Tame Inflation Keeps Fed Hawks at Bay

  10-05-2019 22:05
  By CCN: The Dow and broader U.S. stock market were under pressure Friday morning after the Trump administration raised tariffs on $200 billion worth of Chinese goods, setting the stage for a prolonged and potentially damaging trade war with Beijing. Equity markets would later reverse their declines as investors parsed through tame inflation data that seemed to support the Federal Reserve’s neutral outlook on monetary policy. Dow, S&P 500 Erase Losses All of Wall Street’s major in
  
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• Crypto Analysts Call For the Death of Altcoins, But It Could Be a Lucrative Buy Signal

  10-05-2019 22:00 via newsbtc.com
  As Bitcoin continues to set new 2019 high after high, altcoins across the crypto market continue to bleed out, with many setting new lows relative to their BTC pairings.
  With sentiment surrounding altcoins reaching extreme lows, these price levels could present lucrative buying opportunities if Bitcoin can stabilize above $6,000. If the leading crypto by market cap cannot, however, the bearish bloodbath may continue.
  Altcoins Market At Dangerous Levels as BTC Dominance Spikes
  BTC dominance has r
  
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• Dow Swings 550 Points – Here’s What Triggered the Astonishing Recovery

  10-05-2019 21:57
  By CCN: Minutes after opening, the Dow Jones plummeted by around 1.17 percent as U.S. President Donald Trump announced additional tariffs at 25 percent on $200 billion worth of Chinese goods, leading to a global stock market sell-off. Remarkably, though the Dow Jones saw a recovery of as much as 550 points, swinging the index from 24,569.89 to an intraday peak at 26,019.32. Here’s what triggered that astonishing rally. Dow Swings Higher in Volatile Afternoon Session The swift reversal has
  
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• Financial Advisory Firm Says Past Market Trends Point to Bitcoin at $20,000 by 2021

  10-05-2019 21:43 via cointelegraph.com
  Bitcoin could hit $20,000 by 2021, according to analysts looking at past market trends
  
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• Key Bitcoin Metric Barrels to Highest Level Since December 2017

  10-05-2019 21:30
  By CCN: As the bitcoin price bounded to a new 2019 high on Friday, a key market metric quietly surged to its highest level since December 2017 when the bitcoin price peaked at an all-time high just under $20,000. Bitcoin Market Share Explodes to 17-Month High That metric, “Bitcoin Dominance,” measures what percentage of the overall cryptocurrency market cap belongs to bitcoin. According to CoinMarketCap, Bitcoin Dominance jumped to 58.4% on Friday as the flagship
  
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• Vitalik Buterin, Joe Lubin Back $700K Donation to Ethereum Project MolochDAO

  10-05-2019 21:20
  An ethereum funding initiative from the CEO of SpankChain is getting a major boost from two of the blockchain's biggest names.
  
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• Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 10

  10-05-2019 21:19 via cointelegraph.com
  Where are major cryptocurrencies going in the near future? Let’s take a look at the charts
  
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• Dow Pares Brutal Loss as Tame Inflation Keeps Fed Hawks at Bay

  10-05-2019 21:00
  By CCN: The Dow and broader U.S. stock market were under pressure Friday after the Trump administration raised tariffs on $200 billion worth of Chinese goods, setting the stage for a prolonged and potentially damaging trade war with Beijing. Stocks managed to erase most of their declines as investors parsed through tame inflation data that should strengthen the Federal Reserve’s refrain from raising interest rates. Dow, S&P 500 Erase Losses All of Wall Street’s major indexes mana
  
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• QuadrigaCX Has $21 Million in Assets and Owes $160 Million: EY Report

  10-05-2019 20:45
  QuadrigaCX owes creditors $160 million, but only has $21 million in assets, according to court-appointed monitor EY's latest report.
  
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• Joseph Lubin: Tether’s Rivals to Gain Traction amid Bitfinex ‘Mess’

  10-05-2019 20:30
  By CCN: The Bitfinex “mess” won’t be resolved anytime soon, charged Ethereum co-founder Joseph Lubin. His comments, which came on Thursday, come after a New York Supreme Court judge scathingly criticized the NY Attorney General who filed an injunction against Bitfinex and Tether. The office, led by AG Letitia James, contends Bitfinex and Tether committed fraud when it handled the hack that led to the loss of $850 million of tokens. While Lubin didn’t mention the Supreme C
  
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• Crescent Crypto files application for new crypto-based ETF with SEC

  10-05-2019 20:06
  Crescent Crypto Index Services LLC has filed an application with the  US Securites and Exchange Commission (SEC) for a cryptocurrency-backed exchange-traded fund (ETF).A Crypto-Backed ETF
  The firm, which is a subsidiary of Crescent Crypto Asset Management LLC, a financial services provider that manages a suite of indices, offerings and customized investment programs for high-net-worth individuals (HNWIs) and family offices, is looking to track the performance of a “market capitalizat
  
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• William Shatner Joins Effort to Fight Collectibles Fraud With Blockchain ‘Passports’

  10-05-2019 20:00
  Star Trek acting legend and producer William Shatner has joined an initiative to tackle fake memorabilia and collectibles using blockchain tech.
  
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• Another ETF Application Flash with Bitcoin (BTC) Milestone, Next $8,500?

  10-05-2019 20:00 via newsbtc.com
  Bitcoin (BTC) surge, blast above $6,000
  The US SEC considering another ETF applicationIt’s a new milestone for Bitcoin. After Q4 2018 steep losses, Bitcoin (BTC) is trading above $6,000 for the first time in more than five months. Even so, we expect more upsides, and with the US SEC considering another ETF application, prices could soar to $7,500 as sentiment shift, boosting prices.
  Bitcoin Price Analysis
  Fundamentals
  The market is vibrant, and Bitcoin is a standout. After overcoming this
  
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• Massive Bitcoin Price Rally Awaits Shorts Trigger Beyond Fresh 2019 High

  10-05-2019 19:23
  By CCN: In the past month, the bitcoin price has climbed 23 percent against the U.S. dollar in major markets, recording nearly a 70 percent year-to-date (YTD) gain. The bitcoin price has almost fully recovered to November 2018 levels as it surged past $6,300 with strong volume and momentum. Since March, the real volume of bitcoin calculated using the methodology of Bitwise Asset Management has surged by three-fold from $270 million to over $700 million, indicating an increase in interest towards
  
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• Canaccord Analysts Predict Bitcoin Price Return to $20K In 2021

  10-05-2019 19:20
  Analysts predict that bitcoin's price will return to its $20K high in March 2021.
  
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• US Senate Banking Committee Presses Facebook for Info on Crypto Project

  10-05-2019 19:12 via cointelegraph.com
  A committee of the U.S. Senate is seeking information on Facebook’s secretive cryptocurrency project
  
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• Vinny Lingham Vows to Become a Raging Bull if Bitcoin Price Holds $6,200

  10-05-2019 19:11
  By CCN: Not to compare Vinny Lingham to Cinderella, and he’s not about to turn into a pumpkin or anything. But one of the biggest skeptics on the bitcoin price is hours away from turning bullish as the clock ticks closer to midnight. Lingham had made himself warm and cozy in the crypto winter, so this is a 180-degree turn for him. All kidding aside, the founder of blockchain-fueled identity startup Civic has also been a realist throughout the market downturn. He was never afraid to bet aga
  
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• Tron (TRX) Performance Dismal, May Drop below Q1 2019 Support

  10-05-2019 19:00 via newsbtc.com
  Tron (TRX) under pressure above crucial Q1 2019 support
  Cred and Tron collaboratesAfter acquiring BitTorrent and successfully tokenizing the world’s largest peer-to-peer file sharing platform, Tron now has a partnership with Cred that will see TRX holders lend out their funds and earn up to 10 percent in interest.
  Tron Price Analysis
  Fundamental
  The thing is, there is nothing to take away from Tron or their aggressive co-founder, Justin sun. Although critics may say his marketing style de
  
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• World Crypto Conference 2019 Integrates Blockchain Ticketing Through Blockparty and FomoHunt

  10-05-2019 18:21 via feedproxy.google.com
  
  World Crypto Conference, an annual blockchain conference organized by EVOLV taking place in Las Vegas, has announced that early-bird tickets for its upcoming event are now on sale and exclusively offered through blockchain-powered live events platforms Blockparty and FomoHunt with crypto payments accepted. This year, World Crypto Conference will return to The Cosmopolitan Hotel on […]
  The post World Crypto Conference 2019 Integrates Blockchain Ticketing Through Blockparty and FomoHunt app
  
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• Canada’s Pot Flip-Flop Puts Pressure on Upstart Cannabis Stocks

  10-05-2019 18:17
  By CCN: Health Canada is fed up with issuing cannabis growing licenses that weren’t actually being used to grow cannabis. As a result, new applicants looking to sell, produce, or process cannabis must already have a complete and compliant facility. The rush to cash in on legalized cannabis, and the ease with which Health Canada licenses could be obtained, led to more than 100 applicants rushing to file paperwork. What Health Canada’s Stunning Policy Reversal Means for Cannabis Stocks
  
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• Bitcoin Skyrockets to 6-Month High After Arch-Nemesis Touts Absurd Ban

  10-05-2019 17:45
    By CCN: One of the most powerful lawmakers in the United States pleaded with his colleagues to bury the American cryptocurrency industry, and the bitcoin price responded by promptly surging to a fresh six-month high. Bitcoin Price Surges as Hater Calls for Crypto Ban Bitcoin bounded as high as $6,336 on Bitstamp, vaulting the flagship cryptocurrency to its highest point since it embarked on a brutal sell-off in November 2018. The bitcoin price has now rallied a mouth-watering 69% in 2019
  
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• Morgan Creek-Backed DLT Equity Loan Platform Figure Secures $1 Billion Financing Facility

  10-05-2019 17:37 via cointelegraph.com
  Morgan Creek-backed blockchain equity loan platform Figure secured a $1 billion “uncommitted” financing facility via blockchain
  
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• Tim Draper Envisages Bitcoin at $250,000 Taking 5% of Global Market Share by 2023

  10-05-2019 17:34 via cointelegraph.com
  Tim Draper stands by a super bullish outlook for Bitcoin through 2023 in an interview with FOX Business
  
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• Bitcoin Won The Store Of Value Battle, Now Altcoins Must Justify Their Existence

  10-05-2019 17:30 via newsbtc.com
  After a rough week for crypto, Bitcoin managed to defy expectation by breaking $6k resistance. With this, Bitcoin dominance is also up, to 58% at the time of writing, a level not seen since the last bull run. Naturally, Bitcoin maximalists are pleased with how 2019 is panning out so far, but what does this mean for altcoins?Bitcoin Dominance Is Rising Against The Altcoins
  Following April’s price jump, market sentiment has continued to remain bullish. Yesterday’s breakout has only add
  
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• Weekly roundup May 6 – May 10

  10-05-2019 17:14
  This week bitcoin’s price carried on toward new yearly highs as price interest increased. Other headlines from the week include a Binance hack, Fidelity BTC trading, a Bitfinex IEO and more. Catch up on this week!
  Fidelity goes all in crypto, Bitfinex to launch an IEO, how to Win 1 BTC
  In fall of 2018, mainstream giant Fidelity Investments unveiled plans to start up digital asset trading and custody, via its new endeavor – Fidelity Digital Assets.
  March 8 saw Fidelity launch custody
  
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• Elon Musk Blushes After PornHub Publishes Steamy Tesla Autopilot Sex Video

  10-05-2019 17:13
    By CCN: Billionaire Elon Musk was amused when a porn star revealed that the Tesla on Autopilot mode can be used to enjoy “hands-free” car sex. Elon Musk: ‘I shoulda seen it coming’ The Tesla CEO wryly tweeted that he “shoulda seen it coming.” The revelation has likely opened up a whole new market for his Tesla electric vehicles. “Turns out there’s more ways to use Autopilot than we imagined,” Musk tweeted. Adult film star filmed porno
  
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• US DoJ Charges Group of Individuals Who Stole $2.5 Mln in Crypto Via SIM Swapping

  10-05-2019 17:03 via cointelegraph.com
  The U.S. Department of Justice has named hackers who allegedly stole $2.5 million worth of crypto from users’ wallets via SIM swapping
  
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• US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

  10-05-2019 17:00
  The U.S. Senate Banking Committee wants to know more about Facebook's crypto project.
  
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• Top 5 Cryptocurrency Brokers in the Netherlands - NullTX

  10-05-2019 17:00 via nulltx.com
  Top 5 Cryptocurrency Brokers in the Netherlands  NullTXObtaining Bitcoin and other cryptocurrencies can be done in many different ways. Especially when it comes to buying and selling smaller amounts, many traders ...
  
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• UK Gov’t-Led Jurisdiction Team to Define Status of Crypto Under English Private Law

  10-05-2019 16:57 via cointelegraph.com
  The U.K. government-led jurisdiction team, UKJT, launched a public consultation to define the status of crypto assets under English private law
  
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• John McAfee Brands Banker-FUDed Paranoid US Congressman ‘Crypto Dracula’

  10-05-2019 16:51
  By CCN: U.S. Congressman Brad Sherman’s call to ban cryptocurrencies has been labeled as ‘FUD’ by anti-virus software guru and crypto influencer John McAfee. The cryptocurrency maverick who is also vying for the U.S. presidency equated the congressman to a vampire. In a tweet, McAfee posted an image of the Democratic House Rep for California’s 30th congressional district posing as Count Dracula with the vampire fangs out, perhaps a metaphor for his attempt to suck the lif
  
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• This Congressman Wants to Make All Cryptocurrency Illegal - Futurism

  10-05-2019 16:43 via futurism.com
  This Congressman Wants to Make All Cryptocurrency Illegal  FuturismCongressman Brad Sherman (D-CA) urged his colleagues to “nip this in the bud” and introduce a bill to outlaw all types of cryptocurrency during remarks at a ...
  
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• Bitcoin Surges Above $6,300, Hits Dominance Records From December 2017

  10-05-2019 16:33 via cointelegraph.com
  Bitcoin is trading above $6,300, hitting dominance records from December 2017
  
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• Bitcoin Blips Past $6,300 In Jaw-Dropping Move: What’s Next?

  10-05-2019 16:30 via newsbtc.com
  A U.S. Congressman may have just called for the ban of cryptocurrencies, but Bitcoin (BTC) hasn’t cared one teeny-tiny bit. In the past 24 hours, BTC has rallied by 3%, perpetuating a rally that has been going on for over a month now.
  While some cynics have argued that Bitcoin is rallying too fast and too high for its own good, some are sure that BTC’s technical set-up still is looking entirely bullish.
  Bitcoin Ticks Past $6,300 In 2019 First
  David Puell of Adaptive Capital, who last
  
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• Dow Tanks After Trump’s Ballistic Twitter Rant Shellshocks Wall Street

  10-05-2019 15:41
    By CCN: The Dow’s weeklong catastrophe shows no signs of letting up, as the US stock market endured another shellacking at the hands of Donald Trump and his tariff regime on Friday. Meanwhile, former FBI Director James Comey revealed that he believes federal prosecutors will indict Trump following his presidency. Dow Extends Vicious Weeklong Decline The Dow Jones Industrial Average fell by triple digits following the opening bell, and by 9:37 am ET the DJI had lost 121.06 points or
  
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• A Tourist City, Where Only Cryptocurrency Will Be Accepted, is Being Built in Malaysia - The Coin Shark

  10-05-2019 15:37 via thecoinshark.net
  A Tourist City, Where Only Cryptocurrency Will Be Accepted, is Being Built in Malaysia  The Coin SharkWould you like to visit a tourist city where all services and products are provided exclusively for cryptocurrency? According to The Sun, this may become.
  
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• Billionaire Binance CEO Apologizes for Bitcoin Blockchain ‘Reorg’, a Dirty Word

  10-05-2019 15:36
  By CCN: Binance has posted an update about the security breach which cost the exchange around $40 million worth of bitcoins. Binance CEO Throws Dirty Words Like “Reorg” The message is a personal message from CEO Changpeng Zhao, who makes a few confessions during the post. For one thing, CZ is no coder. He’s an executive. He probably spends too much time on Twitter. He took responsibility for starting a major discussion around the fundamentals of Bitcoin. On the advice of a coup
  
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• What’s Holding Back Bitcoin in Venezuela? This Group Is Investigating

  10-05-2019 15:00
  The Open Money Initiative is bringing insights from Venezuela to help crypto startups make better tools for people in distressed economies.
  
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• Wave Financial Launches Select 20 Index To Track Performance of Cryptocurrency Asset Class - Yahoo Finance

  10-05-2019 15:00 via finance.yahoo.com
  Wave Financial Launches Select 20 Index To Track Performance of Cryptocurrency Asset Class  Yahoo FinanceLOS ANGELES, May 10, 2019 /PRNewswire/ -- Wave Financial Group, a leading diversified holding investment and asset management firm focused on digital ...
  
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• Preview: Magical Crypto Conference 2019

  10-05-2019 15:00
  Magical Crypto Conference 2019 (because yes, the strength of the line-up suggests that there will definitely be follow-ups) is one of those peculiar phenomena that can only happen in a place as weird and norm-defying as Bitcoin’s. Not only that it follows the “we can do it better” philosophy that’s responsible for all the technological innovation that we’re witnessing on a daily basis (the idea sparked after attending the rather disappointing Consensus 2018), but i
  
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