Month: May 2018

May 9: crypto markets are seeing a mix of green and red after Bitcoin (BTC) challenged $10,000 on Saturday, May 5, only to be followed by a subsequent drop to as low as $9,000 during the weekend. The markets have since retraced their losses somewhat, with Bitcoin and Ethereum (ETH) showing gains of around 2 percent each over 24 hours to press time. Bitcoin Cash (BCH) has displayed the largest growth among top 10 cryptocurrencies, up 6 percent over 24 Read more …

Bitcoin and cryptocurrencies are poised to “fuel a potential new internet,” even with a high level of volatility, said Alexis Ohanian, founder of the social media giant Reddit. Appearing as a guest at the Late Show with Stephen Colbert on Tuesday, Ohanian touted the idea of a digital currency acting as a “store of value not backed by a single country.” While he said that idea may sound silly to people living in more developed nations such as the U.S., Ohanian believes Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Ethereum took another important step toward its eventual transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS), as developers published the first release for the much-anticipated Casper network upgrade. Casper v0.1.0, released on Tuesday by New Orleans-based developer Danny Ryan, provides client developers, auditors, and other external parties to more easily integrate the source code into their software for testing. “v0.1.0 marks us more clearly tagging releases to help Read more …

The founder of Galaxy Digital Capital Management LP is joining forces with Bloomberg LP to start an index for the cryptocurrency industry, according to a statement from the two companies. Michael Novogratz, ex-hedge fund manager of the Fortress Investment Group, today launched the Bloomberg Galaxy Crypto Index (BGCI). According to the statement, the index is designed to track the performance of the largest, most liquid portion of the cryptocurrency market, which is made up of 10 digital currencies. The ones currently Read more …

For many, returns are the reason for investing in cryptocurrency. The thought of garnering profit without having to become intimately involved in the technical details is a proposition that holds great appeal. However, actually achieving investor peace of mind can be tricky in light of the cryptocurrency market’s complexities — the market based on blockchain technology, unregulated emerging technology that has created new vehicles of valuation. These issues can add up to perceived levels of unpredictability that threaten the comfort Read more …

It was reported on April 25, 2018, that the Philippines is going to create a special economic zone for cryptocurrency and blockchain companies. This special economic zone will help to stimulate operations and growth for blockchain companies in a regulatory favorable and low tax environment. The move was reminiscent of Belarus’ actions in the past few months, the country legalized cryptocurrencies and enabled tax-free policies for companies in the blockchain space for the next five years. The news from Philippines Read more …

Zilliqa has become one of just 28 cryptocurrencies to boast a market capitalization over $1 billion. According to CoinMarketCap, Zilliqa passed the $1 billion threshold late Monday and is worth nearly $1.2 billion at the time of writing, making it the world’s 23rd-most valuable cryptocurrency. The rise coincided with the announcement that Zilliqa is available to trade on OKEx, the third-highest volume cryptocurrency exchange tracked by CoinMarketCap. The coin is also available to trade on Binance, Huobi and Gate.io, among Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. One of bitcoin’s biggest bulls has inked a deal with an unlikely partner to create a cryptocurrency price index. Billionaire Mike Novogratz and Bloomberg LP on Wednesday announced that they are teaming up to launch the Bloomberg Galaxy Crypto Index (BGCI), which will track the aggregate performance of a basket of large-cap cryptocurrencies. “Today’s launch of the Bloomberg Galaxy Crypto Index reflects our clients’ growing interest Read more …

Regulation A U.S. state has issued emergency cease and desist orders to two companies and related persons purportedly engaged in cryptocurrency investment schemes. The first company posted videos of three mining farms composed of online stock images, according to the order. Both companies made numerous materially misleading claims and violated U.S. securities laws. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitcoin Trading & Cloud Mining Limited Texas State Securities Board. The Texas State Securities Board Read more …

For many, returns are the reason for investing in cryptocurrency. The thought of garnering profit without having to become intimately involved in the technical details is a proposition that holds great appeal. However, actually achieving investor peace of mind can be tricky in light of the cryptocurrency market’s complexities — the market based on blockchain technology, unregulated emerging technology that has created new vehicles of valuation. These issues can add up to perceived levels of unpredictability that threaten the comfort Read more …