Cryptocurrency news

• Crypto Tidbits: AT&T Accepts Bitcoin, Grayscale Ethereum Trust Launches Publicly, Binance Margin Inbound

  25-05-2019 23:00 via newsbtc.com
  Another week, another round of Crypto Tidbits. The past week saw not much happen in the cryptocurrency market. Bitcoin (BTC) traded relatively flat, save for a few bouts of major volatility, and other digital assets followed suit. Some altcoins, however, saw a helluva week. Binance Coin, Chainlink, and Litecoin come to mind first.
  The cryptocurrency space has been tumultuous as of late; we’ve seen both positive and negative news. But there’s an underlying theme: the industry is growi
  
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• Bitcoin Jesus Roger Ver Destroys Lightning Faithful Tone Vays in Debate

  25-05-2019 23:00
  By CCN: Let me start by saying I’m undecided on the issue of blockchain scaling. I think both camps make valid points. The day that Bitcoin Cash launched was the logical resolution of a drawn-out war which would never have ended otherwise. Tone Vays Can’t Make Up His Mind That being said, I watched this debate between Roger Ver, one of the earliest angel investors in bitcoin, and Tone Vays, a bitcoin personality, and I felt like I was watching a professor debate a teenager. Ver may b
  
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• Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

  25-05-2019 21:30
  By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless, some Binance Coin (BNB) holders panic-sold under the assumption that CZ would du
  
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• Chinese Billionaire’s Son Bets Big on Blockchain-Based Gaming, But Will Players Take to It?

  25-05-2019 21:30 via newsbtc.com
  Over the past decade the gaming industry has been on the up-and-up, incurring massive popularity amongst a diverse array of users, while simultaneously churning out immense profits for developers, publishers, and platforms that allow users to interact with game’s most popular players – like the Amazon-owned streaming platform Twitch.
  Much like the gaming industry, the blockchain and crypto industry has also been incurring tremendous adoption over the past couple of years, and multipl
  
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• Report: Facebook launching cryptocurrency 'GlobalCoin' in 2020 - Business Insider

  25-05-2019 20:44
  Report: Facebook launching cryptocurrency 'GlobalCoin' in 2020  Business InsiderFacebook to Roll Out 'GlobalCoin' Cryptocurrency in 2020: Report  CoinDeskFacebook is leaving clues about a possible cryptocurrency launch  CNNFacebook's 'GlobalCoin' cryptocurrency to launch in 2020, report claims  The VergeFacebook plans to launch 'GlobalCoin' cryptocurrency in 2020  The GuardianView full coverage on Google News
  
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• Facebook will reportedly launch cryptocurrency 'GlobalCoin' in 2020 - Business Insider

  25-05-2019 20:43
  Facebook will reportedly launch cryptocurrency 'GlobalCoin' in 2020  Business Insider- Facebook is reportedly developing a digital payments system that will be rolled out in several countries by the first quarter of 2020. - The BBC reported the company has been holding meetings with trading firms and officials before it hopes to start testing "GlobalCoin" by the end of 2019. - Multiple reports have tracked the company's meetings with banks, firms, and online merchants ahead of the anno
  
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• Elon Musk’s Insane Payday: 40,668 Times the Median Tesla Salary

  25-05-2019 20:00
  By CCN: Tesla CEO Elon Musk is bringing home the bacon. So much bacon that his peers will have to settle for the scraps. According to the latest New York Times compensation report, Musk was the highest paid chief executive of 2018. And it wasn’t even close. The polarizing entrepreneur pulled in a whopping $2.3 billion last year, overshadowing the next 65 contestants combined. Elon Musk Secured a Cozy 4.6 Million Percent Raise in 2018 Chief executives on the list received a median pay incre
  
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• Bitcoin Prices May Surge But High Fees a Challenge

  25-05-2019 20:00 via newsbtc.com
  Bitcoin up 9.5 percent
  High transaction fees will lead to financial exclusionIn Jeff Garzik’s deduction, high Bitcoin fees, despite Lightning Network development, will, in the long run, slow down adoption. Meanwhile, Bitcoin is up 9.5 percent from last week’s close trading above $8,000.
  Bitcoin Price Analysis
  Fundamentals
  Jeff Garzik is one of Satoshi’s early collaborators. Together with Garvin, they are relentless in their advocacy for a trustless network. He diverged from Bi
  
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• Building XRP Use Cases, Will Stefan Thomas AMA Trigger a Ripple Rally?

  25-05-2019 19:00 via newsbtc.com
  Ripple consolidating with caps at 40 cents
  After Kava and Switch, Stefan Thomas’ AMA may drive XRP pricesCoil is a blogging platform monetize content, rewarding creators with XRP or USD. It is a creation of Stefan Thomas, a former employee of Ripple. In an AMA session, the community is waiting for gems that will probably spur participation, driving XRP above 40 cents.
  Ripple Price Analysis
  Fundamentals
  Stefan Thomas, the former Ripple Chief Technical Officer (CTO) and creator of the Inter
  
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• ‘Bitcoin Will Disappear,’ Craig Wright Rants in Blistering ‘Satoshi’ Manifesto

  25-05-2019 18:45
  By CCN: Australian entrepreneur Craig Wright published a blistering manifesto that argues bitcoin (BTC) will eventually disappear because it’s being used to facilitate criminal activity. And that perverts “his” original vision for the cryptocurrency. For reference, Wright has repeatedly claimed that he is Satoshi Nakamoto, the mysterious creator of bitcoin. Civil War Erupts Between Warring Crypto Factions Wright is a proponent of Bitcoin SV (Satoshi’s Vision), which he in
  
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• Confident in the Future: EOS Developers Attempt 10% Buyback Ahead of Major Announcement

  25-05-2019 18:14 via cointelegraph.com
  EOS developer Block.one is attempting a buyback following a record-breaking ICO last year, and the earliest investors could expect a 6,567% return
  
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• Major Swiss Telecoms Firm Swisscom to Distribute Tokenized Artwork

  25-05-2019 17:37 via cointelegraph.com
  Swisscom TV, a television network owned by major Swiss telecommunications firm Swisscom, announced its plans to distribute tokenized artwork
  
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• Dow Teeters on Knife’s Edge as Trump’s Trade Crusade Hits Japan

  25-05-2019 17:32
  By CCN: President Donald Trump flew to Tokyo today for high-stakes trade talks with Japan as stock market sentiment teeters on the brink of collapse. The maverick president’s erratic approach to international trade has taken a significant bite out of the Dow Jones (DJIA) over the last few weeks. Bulls will be desperate to see Trump’s bromance with Japanese PM Shinzo Abe survive the weekend, lest the US find itself plunged into another brutal trade conflict. Dow Risks Severe Backlash
  
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• Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis

  25-05-2019 17:28 via newsbtc.com
  The total crypto market cap grinded higher and tested the $245.0B resistance area.
  Bitcoin price is currently consolidating near the $8,000 level.
  EOS price broke the $6.30 resistance and it is currently moving towards the $6.40 level.
  Binance Coin (BNB) is surging higher and it recently broke the $35.00 resistance.
  Bitcoin cash price is trading nicely above the $400 support area.
  Tron (TRX) price is slowly moving higher towards the $0.0292 and $0.0295 resistance levels.The crypto market cap is
  
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• Bitcoin Is Plagued by an Insidious Flaw – But It’s Not What You Think

  25-05-2019 16:45
  By CCN: Bitcoin has a crippling governance problem, but it’s not what you think it is. Technical solutions deftly manage consensus on the world’s most popular cryptocurrency network. But how will we deal with wealth inequality – and the power imbalance that inevitably accompanies it? To put it bluntly: Wealth inequality will not magically disappear in the new Bitcoin economy. Technology Made Wealth Inequality Worse – Look at Jeff Bezos A National Bureau of Economic Resear
  
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• Bitcoin Holds Over $8,000 as Top Altcoins See Minor Losses

  25-05-2019 16:44 via cointelegraph.com
  Bitcoin still holding over the $8,000 mark, with minor gains, as most of the top 20 cryptocurrencies report moderate losses on the day
  
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• Monfex Review: A High-Leverage Cryptocurrency Trading Platform - Blokt

  25-05-2019 15:49
  Monfex Review: A High-Leverage Cryptocurrency Trading Platform  BloktMonfex is a cryptocurrency trading platform that offers up to 50x leverage on 12 digital assets. Learn more about it in this detailed Monfex review & guide.
  
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• Bitcoin Expert Jeff Garzik Exposes Crypto’s ‘Economic Paradox’

  25-05-2019 15:36
  By CCN: Early Bitcoin developer Jeff Garzik revealed what he believes is the most daunting challenge the flagship cryptocurrency faces today. He also chimed in on the “economic paradox” that threatens to stifle Bitcoin development. Bitcoin’s Biggest Hurdle? Scaling. Scaling. Scaling. Speaking in an exclusive interview with CCN, Jeff Garzik, who was one of Satoshi Nakamoto’s earliest collaborators and also founded crypto startup Bloq, admits his highly “predictable&r
  
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• Why the World’s Largest Bitcoin Exchange is Fighting a VC Behemoth

  25-05-2019 15:00 via newsbtc.com
  Changpeng Zhao has filed a claim for compensation against Sequoia Capital (China) for unfairly preventing him from raising funds for Binance, which has since become the biggest crypto exchange in the global market.
  The chief executive blamed the venture capital firm for falsely accusing him of breaching exclusivity by initiating parallel discussions with a competition for equity. Zhao said that Sequoia received a December 2017 injunction order in an ex parte procedure without caut
  
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• Research: ICO Sector Signals Uptick After Crypto Winter

  25-05-2019 14:53 via cointelegraph.com
  A new report from ICObench claims that the initial coin offerings sector is showing signs of an uptick due to positive investor sentiment, apparently spurred by the market rally
  
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• European Central Bank: Bitcoin isn’t a threat, cryptocurrency not a new asset class - CryptoSlate

  25-05-2019 14:13
  European Central Bank: Bitcoin isn’t a threat, cryptocurrency not a new asset class  CryptoSlateThe European Central Bank (ECB), Eurozone's chief financial regulator, has released its report on cryptocurrencies and their implications on the financial ...
  
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• A Stock Market Crash is Inevitable – Here Are 3 Nightmare Scenarios

  25-05-2019 14:00
  By CCN: The US stock market teeters at its third-most expensive valuation in history, just a hair shy of ballooning past Black Tuesday and the 1929 stock market. That’s based on the Shiller P/E ratio, which is derived from average inflation-adjusted earnings from the previous ten years. Given the lofty heights of the stock market, it would take a 50 percent stock market crash to revert valuations to the mean. In other words, it’s time to be on the lookout for what might trigger
  
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• Cryptocurrency Exchange Bithumb Speeds Up Development in STOs - The Tokenist

  25-05-2019 13:14
  Cryptocurrency Exchange Bithumb Speeds Up Development in STOs  The TokenistKorean cryptocurrency exchange Bithumb has just announced a new partnership which it believes will speed up its STO platform development. It signed an ...
  
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• Could Bitcoin Reach $100,000 in 2020? This Indicator Says Aye

  25-05-2019 13:00 via newsbtc.com
  Bitcoin is about to get a lot more expensive than it is today, according to Dr. Julian Hosp.
  The author of ‘Cryptocurrencies Simply Explained‘ evaluated bitcoin’s future performance based on a textbook indicator that measures abundance in commodity markets. Titled Stock-to-Flow Ratio, the index measures the amount of an asset held in inventories (stock) with its annual production rate (flow). Overall, the ratio describes how much time it would take the Stock to reach the F
  
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• The Real Discussion About Ethereum’s Next Hard Fork Is About to Begin

  25-05-2019 12:30
  Ethereum core developers have discussed a list of 29 proposed code changes to be included in ethereum's next system-wide upgrade, Istanbul.
  
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• Crypto Funds, Lending and Market Manipulation

  25-05-2019 11:40
  The growing practice of asset lending by crypto hedge funds could add systemic risk to the sector if we are not vigilant, argues Noelle Acheson.
  
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• ‘GlobalCoin’: Not Everyone Thinks Facebook’s Crypto Project is a S***coin

  25-05-2019 10:42
  
  
  By CCN: Zcash developer Zooko Wilcox, who has previously opined that cryptocurrencies can be used to evade taxes, posted an “unpopular opinion” to Twitter today: Facebook’s crypto project is “awesome.” Facebook Coin: “Awesome”? Unpopular opinion: I think the fact that Facebook is working on a crypocurrency is awesome. — zooko (@zooko) May 24, 2019 Facebook’s cryptocurrency project is a long way from the days of pseudonymous bitcoin or opaque
  
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• Bitcoin (BTC) Price Smashes Resistance: Bulls Target Fresh High

  25-05-2019 06:38 via newsbtc.com
  Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar.
  The price gained traction and even traded close to the $8,200 resistance area.
  This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200.Bitcoin price jumped back into a positive zone above $7,800 against the US
  
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• Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

  25-05-2019 04:00
  By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years. That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg reports. The investment round is still unfolding and once complete could reportedly result in Robinhood fetching a valuation as high as $10 billi
  
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• CME Futures Gaps Hint Bitcoin Price is Headed to $18,000 Or Higher

  25-05-2019 03:02 via newsbtc.com
  Bitcoin price has gone parabolic in recent weeks, and while the leading cryptocurrency by market cap is currently taking pause for some much needed consolidation, much of the market is predicting that this is just the beginning of upside momentum.
  While most have conservative price targets of $9,000 or $10,000, one trader believed that Bitcoin may be targeting significantly higher – price points that have left gaps in the CME Bitcoin Futures charts that have yet to be filled.
  Will Bitcoin
  
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• UK Financial Watchdog Warns Public of Crypto Clone Firm

  25-05-2019 02:25 via cointelegraph.com
  The FCA has reported that ICAP Crypto is a clone firm used in scams and is not affiliated with FCA-authorized firm ICAP Europe Limited
  
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• Crypto Assets Compared to Dot Com Domains Shows Unrivaled Growth Performance

  25-05-2019 02:01 via newsbtc.com
  Cameron Winklevoss, early Bitcoin investor the outspoken co-founder of the Gemini crypto exchange, is a staunch supporter of what he and his brother Tyler call the Future of Money. They and their exchange have worked to elevate the industry and help it shed the wild west atmosphere of the emerging market.
  In his latest comments, the Bitcoin bull compares crypto assets to the assets of the dot com era: domain names. The comparison is used to show the tremendous growth the crypto market has brough
  
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• It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report

  25-05-2019 01:54
  By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook is talking to crypto exchanges including Gemini, which was founded by Tyler and Cameron Winklevoss, in addition to Coinbase. The concept
  
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• Two Miners Purportedly Execute 51% Attack on Bitcoin Cash Blockchain

  25-05-2019 01:10 via cointelegraph.com
  Two miners, BTC.top and BTC.com, have reportedly executed a 51% attack on the bitcoin cash blockchain
  
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• JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut

  25-05-2019 00:26
  By CCN: The other shoe could be about to drop in the economy. JPMorgan economists in a report predict the second quarter will witness slowed economic growth. They’re expecting U.S. GDP to expand by a measly 1%, lower than their original predictions of 2.25%. During Q1, the economy expanded at a rate of 3.2%. The economists also analyze the Federal Reserve, marking an equal chance for interest rate hikes as there is for cuts. Originally, JPMorgan economists believed a rate hike would be the
  
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• Telegram Introduces New Programming Language for TON Network

  25-05-2019 00:25 via cointelegraph.com
  Encrypted messenger Telegram has created Fift, a new programming language for the TON blockchain
  
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• 3rd-Biggest Thai Bank Teases Tantalizing News for Ripple (XRP) Bulls

  25-05-2019 00:01
  By CCN: Siam Commercial Bank, Thailand’s third-largest financial institution, quietly teased some tantalizing news that should kick the Ripple (XRP) rumor mill into high gear. SCB Thailand Taps Ripple for Blockchain Payments Already, SCB Thailand launched a blockchain platform that uses the Ripple company’s xCurrent system to facilitate cheaper cross-border money transfers. Now, the Thai financial institution also hinted that there would be a further announcement about SCB using
  
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• Analyst: Bitcoin Must Close Above $8,200 In Order for Bullish Momentum to Extend

  25-05-2019 00:00 via newsbtc.com
  Bitcoin has once again incurred a sudden influx of buying pressure that has allowed it to continue climbing higher after briefly dipping as low as $7,500 over the past couple of days. Although BTC’s surge back above $8,000 is certainly positive, it is still struggling to move higher as it faces strong selling pressure around its current price.
  Analysts are now noting that Bitcoin must continue to surge and decisively close above $8,200 or else the cryptocurrency’s bullish momentum ma
  
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