Cryptocurrency news

• Why Analysts Think Bitcoin’s Surge to $7,650 Is Not Over Yet

  06-01-2020 23:35 via newsbtc.com
  
  For the fourth or fifth day in a row, bulls have taken control of the Bitcoin (BTC) market, pushing the leading cryptocurrency as high as $7,660 just minutes ago, marking a multi-week high. As of the time of writing this, BTC is trading up 3% on the day, actually underperforming Ethereum’s 4% and XRP’s jaw-dropping 12%.Despite this, analysts are becoming certain that a strong continuation to the upside over the coming days is likely. Here’s more on that.
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• ‘Pro-Bitcoin’ Telegram Group Enters Read-Only Mode, Group Contributor Says Reason Unclear

  06-01-2020 23:05 via cointelegraph.com
  
  Nakamoto Telegram channel enters read-only mode due to spam, but a lead contributor notes otherwise
  
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• Has McAfee’s Bitcoin ‘Betrayal’ Prompted A New Alt-Season?

  06-01-2020 23:00 via newsbtc.com
  
  John McAfee backpedalled on his much-talked-about $1 million Bitcoin bet with himself yesterday. The eccentric computer scientist had previously stated that if Bitcoin was not above $1 million per coin by the end of 2020, he would eat his own penis live on TV.
  The sudden renouncement of McAfee’s frankly ridiculous 2017 statement coincided with big moves in the crypto asset market. Most leading altcoins have pumped relative to Bitcoin after the antivirus pioneer stated that other digital cu
  
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• Taking the TON Out of Telegram

  06-01-2020 22:24
  
  Discussing how bitcoin might react to Iran and a rise in instability, plus news that TON won’t be in Telegram and reviewing the Nakamoto.com dust up
  
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• Bitcoin as a Safe Haven? US-Iran Tensions Rekindle Debate

  06-01-2020 22:19
  
  Bitcoin’s recent price jump after the U.S. killing of a top Iranian official has rekindled a long-running debate among investors: whether it will work as a safe-haven asset like gold in times of heightened geopolitical and economic turmoil.
  
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• US State of Virginia Legislature Looks to Blockchain for Elections

  06-01-2020 22:14 via cointelegraph.com
  
  Virginia’s state legislature looks to blockchain technology in a bid to protect voter records and election results
  
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• Bitcoin Needs to Break Above This Price Level To Spark a Massive Rally

  06-01-2020 22:00 via newsbtc.com
  
  Bitcoin’s uptrend in the time since it tapped lows of $6,400 has been unwavering, and BTC’s bulls have been able to successfully garner enough buying pressure to push the cryptocurrency up towards its key resistance levels that exist within the upper-$7,000 region.
  It is important to note that BTC is currently on the cusp of validating an overwhelmingly bullish technical formation, but in order for this to spark a massive rally, bulls need to push the crypto above one key level.
  Bitc
  
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• Join CoinDesk at CES This Week

  06-01-2020 21:31
  
  Join us on Jan. 8 for an evening of brews and blockchain.
  
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• Baidu Adds Service to Help Developers, Small Businesses Build Dapps

  06-01-2020 21:22
  
  Chinese internet giant Baidu launched on Monday a blockchain-based service for developers and small and medium-sized businesses to build decentralized applications, or dapps.
  
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• Will Dash Flippen Litecoin? Market Capitalisations Don’t Correspond to Crypto Usage

  06-01-2020 21:00 via newsbtc.com
  
  The number of daily transactions occurring on the Dash network has been rising slowly but steadily over the last year. In fact, there are now more transactions being performed using the crypto asset than there are on the Litecoin network.
  Despite the network’s growing usage, the total Dash market capitalisation still lags a long way behind that of Litecoin. For some, this suggests that the market is not yet mature enough to determine real utility in crypto assets.
  Dash Transactions Outpace
  
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• Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting

  06-01-2020 20:59 via cointelegraph.com
  
  TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital
  
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• MARKETS DAILY: Who Should Be Allowed to Invest?

  06-01-2020 20:27
  
  With bitcoin rising for the fourth straight day, now at a two-week high around $7500, up about 10 percent from Friday’s lows, it's CoinDesk's Markets Daily for todays news and analysis.
  
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• Lucky Number 7? Bitcoin Closes Six Consecutive Weeks Below $7,500

  06-01-2020 20:00 via newsbtc.com
  
  While much of the world may have been tuned into the 77th Golden Globes awards to see who took home the award for Best Motion Picture, Bitcoin investors couldn’t take their eyes off the weekly candle close last night.
  The first-ever cryptocurrency has been stuck in a downtrend for months, and last night’s close was bull’s best opportunity to close out the week on a bullish note. But instead, Bitcoin closed its sixth consecutive week in a row under the critical resistance level
  
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• Experts Share: What Are the Main Crypto Conclusions of 2019

  06-01-2020 19:35 via cointelegraph.com
  
  What were the biggest milestones and setbacks for crypto in 2019? Cointelegraph asked prominent industry representatives what developments in crypto and blockchain made the biggest impressions on them
  
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• Juventus Soccer Club’s Fans Choose New Goal Song via Tokenized Platform

  06-01-2020 19:30 via cointelegraph.com
  
  Fans of professional soccer club Juventus have taken part in a goal celebration song poll via blockchain platform Socios
  
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• Price Analysis Jan 06: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XMR

  06-01-2020 19:09 via cointelegraph.com
  
  The long-awaited altcoin season that has been playing hide and seek for the past few months seems to be finally starting
  
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• 2019 to 2020: Insiders, Outsiders and Experimenters in Crypto Regulation: Part 3

  06-01-2020 18:35 via cointelegraph.com
  
  2019 was a year of some legal experiments with crypto among several nations within Europe, Asia and the Middle East: Who are these experimenters?
  
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• This Bullish Cryptocurrency is Asking for Investors’ “Attention”

  06-01-2020 18:30 via newsbtc.com
  
  It is an ideal time to open a long position on the popular cryptocurrency BAT, according to prominent Twitterati Crypto Michaël.
  The full-time stock and crypto trader said on Monday that BAT could undergo a massive upside swing that ranges from anywhere between 29 percent and 135 percent. He based his prediction upon his belief that the cryptocurrency is in a strong accumulation zone, noting that the price support area around 2,300-2,450 satoshis could attract traders en mass
  
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• AuthenTrend’s At.Wallet Offers Fingerprint Security in Ultrathin Package

  06-01-2020 18:22
  
  The AT.Wallet is a thin hardware wallet with an e-ink screen and fingerprint sensor.
  
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• Crypto Booking Service Sees 33% Boost After Partnership With Booking.com

  06-01-2020 18:05 via cointelegraph.com
  
  Crypto room renting service Travala sees one-third higher revenue after partnering with Booking.com
  
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• Alt Season’s Greetings: Ethereum Poised To Break Out Against BTC

  06-01-2020 18:00 via newsbtc.com
  
  The holidays are now done and over, and Santa has headed back to the North Pole to wait for next year to begin bringing gifts once again. However, if the ETH/BTC price chart is any indication, Ethereum holders may get a belated gift early in the new year, with a massive break of overhead resistance.
  And if Ethereum does indeed break out against Bitcoin, it could kick off a short-lived alt season, where the altcoin market as a whole outperforms the leading cryptocurrency by market cap.
  ETH/BTC Bu
  
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• Telegram Tries to ‘Clarify’ Gram Crypto Project Amid Ongoing SEC Fight

  06-01-2020 17:58
  
  Telegram will not integrate a crypto wallet into its messaging app, at least until it gets the green light from U.S. regulators, the company said Monday on its official website.
  
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• ‘Grams Are Not Investment’ Says Telegram, Subtly Denying SEC Jurisdiction

  06-01-2020 17:53 via cointelegraph.com
  
  Telegram’s Gram token is not an investment product, the firm stressed in a new statement, implying that the token is outside of the SEC’s jurisdiction
  
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• IBM Blockchain App Promotes ‘Virtuous Cycle’ for Sustainable Coffee

  06-01-2020 17:33
  
  IBM is launching a new app that uses blockchain to allow consumers interested in sustainability to trace the coffee they buy along the supply chain.
  
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• Bitcoin Price RSI Breakout Could Target $9K Short-Term

  06-01-2020 17:00 via newsbtc.com
  
  Bitcoin price has been trapped within a powerful downtrend that’s cut the leading cryptocurrency by market cap’s value by nearly 50% over the course of the last few months.
  Coinciding with the downtrend, Bitcoin’s Relative Strength Index has been confined below a decreasing trendline that the cryptocurrency has now broken out of, suggesting that a rally could unfold in the days ahead. And according to one crypto trader, if Bitcoin can break out of the current trading range, a r
  
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• Bitcoin Maximalists Pushing Harder Than Ever, but Market Diversity is Growing

  06-01-2020 17:00 via crypto-news.net
  
  Bitcoin appears to be recovering from a price correction that took place earlier this month, and is once again slowing moving up in the market rankings. The flagship cryptocurrency now holds a sixty-eight percent market share, more than double all other platforms combined. As Bitcoin has recovered, the debate over its ability to permanently remain top platform is heating up. Bitcoin maximalists have long asserted that it will never be replaced, and they are becoming ever more effective at spread
  
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• Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions

  06-01-2020 16:11
  
  Crypto banking rivals Prime Trust and Signature Bank have partnered to offer "real-time" settlements for institutional digital asset trades.
  
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• Rivals Signature Bank and Prime Trust Team to Offer Instant Payments for Institutions

  06-01-2020 16:11
  
  Crypto banking rivals Prime Trust and Signature Bank have partnered to offer "real-time" settlements for institutional digital asset trades.
  
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• Baidu Doing Blockchain Shows Just How Important Crypto is as a Trend

  06-01-2020 16:00 via newsbtc.com
  
  Chinese internet company Baidu today officially launched its open-source blockchain network, known as Superchain. Superchain aims to provide an out of the box solution for small to medium-sized businesses, as well as developers.
  This represents a significant advancement for the crypto space. But Baidu’s decision to “do blockchain” was primarily born from a need to diversify its business model. All the same, this only demonstrates confidence in crypto as an enduring technology.B
  
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• Crypto Lending Solutions: A Review of 3 Blockchain Lending Platforms

  06-01-2020 15:59 via cointelegraph.com
  
  An analysis of leading platforms offering crypto loan solutions
  
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• Unpopular Opinion: Bitcoin Could Still Fall Despite US-China Conflict

  06-01-2020 15:25 via newsbtc.com
  
  Bitcoin is reportedly attracting haven demand as an escalating conflict between the US and Iran spooks investors. But that does not mean the cryptocurrency is going to register record gains in the coming days.
  The bitcoin-to-dollar exchange rate on Monday was trading above a psychological resistance level of $7,500. As of 0300 UTC, the pair established an intraday high of $7,580, its best since December 23. The move brought its total gains up by 10.58 percent, as measured from Friday’s low
  
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• Binance Gets NY Financial Services’ Nod for Its USD-Pegged Stablecoin

  06-01-2020 14:40
  
  The exchange is expected to ramp up its services in the US with this.
  
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• South Korean Presidential Committee Wants to Bring Crypto Into Mainstream Finance

  06-01-2020 14:37
  
  Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body.
  
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• South Korean Presidential Commission Wants to Bring Crypto Into Mainstream Finance

  06-01-2020 14:37
  
  Financial institutions should be allowed to launch cryptocurrency products, such as derivatives, according to a government advisory body.
  
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• IBM and Fair Trade Initiative Demo Blockchain-Based Coffee Tracking App

  06-01-2020 14:10 via cointelegraph.com
  
  IBM and Farmer Connect debuted a blockchain app that allows consumers to monitor the coffee supply chain
  
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• Ousted Co-Founder of Crypto Mining Firm Bitmain Opposes Layoffs

  06-01-2020 14:04 via cointelegraph.com
  
  Bitmain’s co-founder and biggest shareholder claims he is “firmly opposed to layoffs” at the firm after being ousted by current CEO Jihan Wu
  
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• SEC Settles with Longfin CEO for $400,000 in Fine

  06-01-2020 14:00
  
  Earlier, a NY court ordered the company and its CEO to pay $6.8 million in penalty.
  
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• XRP Spikes 10.5% in Biggest Single Day Surge in 8 Months: What Triggered it?

  06-01-2020 13:55 via newsbtc.com
  
  XRP, the native cryptocurrency of multi-billion dollar fintech company Ripple and its blockchain platform, spiked by 10.5 percent on January 6. The sudden upsurge is likely to have been fueled by Binance Futures integration and strong technicals.
  Similar to platforms that existed in the crypto sector for many years like BitMEX, Binance Futures enable users to trade cryptocurrencies with a high level of leverage. Futures platforms tend to see substantially higher volumes than spot exchanges and a
  
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• Bitcoin Price: First 4-Day Win Streak Since July Flips Charts Bullish

  06-01-2020 13:34 via cointelegraph.com
  
  #Bitcoin posts 4 back to back green candles on the daily chart, which hasn’t happened since July
  
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• Bitcoin Mining Power Hits Fresh All-Time High

  06-01-2020 13:15
  
  Bitcoin's hash rate reached record highs this week, likely as some miners scale up operations ahead of the reward halving event later this year.
  
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• South Korean Presidential Committee Recommends Allowing Bitcoin Derivatives

  06-01-2020 13:09 via cointelegraph.com
  
  The South Korean Presidential Committee on the Fourth Industrial Revolution has reportedly recommended the government to allow the development of crypto derivatives
  
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• Bitcoin Eyes Price Breakout Amid US-Iran Tensions

  06-01-2020 12:12
  
  Bitcoin is drawing bids amid heightened geopolitical uncertainty and could soon rise above key resistance at $7,580, confirming a short-term bullish breakout.
  
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• Ripple CEO: We Can't Control XRP Price Any More Than Bitcoin Whales

  06-01-2020 11:50 via cointelegraph.com
  
  Despite Ripple’s mass sell-offs of XRP, its CEO claims it would “never” dump tokens on the market and would stop others from doing so
  
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• Qatar Puts Blanket Ban on Crypto Services

  06-01-2020 11:49
  
  The central bank of the country was already hostile towards the industry.
  
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• We Still Don’t Know Bitcoin’s Real Volume

  06-01-2020 11:00
  
  CoinDesk Research analyst Galen Moore unpacks the differences in reported trading volumes from three major data aggregators.
  
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• This Fractal Suggests Bitcoin Price Will Explode Past $10,000

  06-01-2020 11:00 via newsbtc.com
  
  Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between heavy macro support in the mid-$6,000s and rather pertinent resistance in the high-$7,000s, which the cryptocurrency has been rejected by multiple times.
  Despite this, a number of analysts are still bullish on the asset. One analyst recently drew attention to a fractal, suggesting that should BTC follow it, the price of the cryptocurrency could top $10,000 by February.
  Related Reading:&n
  
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• People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

  06-01-2020 10:57 via cointelegraph.com
  
  The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency
  
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• US SEC Settles in Long-Running Fraud Case Against Longfin CEO

  06-01-2020 10:47 via cointelegraph.com
  
  SEC secures $400,000 in fraud case against Longfin CEO
  
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• Bitcoin Price Clears $7.5K After Overnight Dip Fills CME Futures Gap

  06-01-2020 10:40 via cointelegraph.com
  
  Mixed opinions about Bitcoin’s ability to close out $7,600 resistance after overnight gains take markets above $7,500 once more
  
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• Qatar Financial Centre Puts Blanket Ban on Cryptocurrency Businesses

  06-01-2020 10:35 via cointelegraph.com
  
  The Qatar Financial Centre has initiated a blanket ban on cryptocurrency-related activities
  
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