Month: April 2019

According to the source Bit Info Charts, Bitcoin-related tweets are at their lowest level in 5 years. The figure has drawn ire from cryptocurrency speculators that the world has lost interest in Bitcoin — but is this really the case? One Twitter use Revin Rooke made the following conclusion: There were 16,710 tweets yesterday, but roughly 30k Bitcoin tweets per day in 2015. The world (outside crypto Twitter) isn’t paying attention to Bitcoin. Although Rooke’s claims have some merit, there is Read more …

Ethereum (ETH) add 2.8 percent ProgPOW funding secure, Berlin’s Least Authority to audit Ethereum Price Analysis Fundamentals Ethereum (ETH) is superior and an upgrade of Bitcoin. Its native currency in ETH can operate within an ecosystem, powering smart contracting as a settlement coin. Besides, considering the infinite number of possibilities that the platform opens up for visionaries, it is understandable that the community reacts the way it did to a single one-word tweet by Elon Musk, the brains behind Tesla Read more …

By CCN: Hackers infiltrated Microsoft Outlook email users’ accounts in order to steal crypto, including bitcoin. The scope of the cyber-theft is still as-yet undetermined, but it appears to be more expansive than first thought. One victim is Dutch engineer Jevon Ritmeester, who says a hacker gained access to Microsoft customer support workers’ login credentials. The hacker used this information to pore through Ritmeester’s Outlook emails to reset passwords and withdraw bitcoin from his accounts on cryptocurrency exchanges. Ritmeester is Read more …

ErisX, a Chicago-based cryptocurrency exchange, has launched a spot market. The crypto derivatives provider announced that it would support USD trading pairs with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). Aside from the USD pairs, there are BTC pairs with other digital assets. According to the firm, several companies have shown interest in trading on the new platform. ErisX, however, didn’t disclose the identity of the companies. ErisX, which is regulated by the Commodities Futures Trading Commission Read more …

11% of the American population owns the major cryptocurrency bitcoin (BTC), according to a new survey published by Spencer Bogart of venture capital firm Blockchain Capital on April 30. Blockchain Capital partner Bogart today posted the results of a new survey conducted by Harris Poll in order to provide analytics data on bitcoin’s demographic trends. Conducted between April 23, 2019 and April 25, 2019, the survey included answers of 2,052 American adults and represents an expanded version of the previous Read more …

The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of an ongoing legal process involving the New York Attorney General, Zoe Phillips of law firm Morgan Lewis said that at the time of writing, 74% of Tether’s reserves had USD and equivalent backing. The figure falls short of previous promises given by Tether executives, specifically that every USDT token had Read more …

By CCN.com: An expert witness has filed an affidavit in the Kleiman v. Wright case, which alleges that Craig Wright stole billions of dollars worth of bitcoins from Dave Kleiman either before or after he passed away. The Kleiman estate is seeking damages in the neighborhood of $10 billion. Wright is defending the case with tenacity and recently submitted a provably fake e-mail as evidence. One thing for sure: The e-mail was fake In response to this e-mail’s filing and Read more …

The Southern District Court of Florida case, Kleiman v. Wright, continues to be one of the 10 most monitored court dockets in the state. On April 28, the Kleiman estate’s legal team responded to Wright’s most recent motion to dismiss the case by claiming that Wright submitted a forgery as evidence and allege the fraudulent imitation was created one year after David Kleiman’s death. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’ Kleiman Estate Read more …

The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer’s general counsel. Stuart Hoegner, who is general counsel to both Tether and Bitfinex, the controversial companies at the heart of cover-up allegations by the New York Attorney General, wrote in an affidavit Tuesday that the company holds about $2.1 billion in cash and short-term securities. Hoegner filed the affidavit to support an Order to Show Cause to vacate or modify the Read more …

By CCN: Nasdaq exchange is adding Brave New Coin’s XRP Liquid Index tomorrow, sending crypto traders into a bull frenzy. Within an hour of the announcement, XRP had surged by about 4%. The XRP price surged on a bullish Nasdaq development. | Source: Yahoo Finance The announcement comes within months of Nasdaq adding Brave New Coin’s (BNC’s) Bitcoin and Ethereum Liquidity Indexes – BLX and ELX. They are all part of the Nasdaq Global Index Data Service. The launch of Read more …

Talk about star power! On Monday afternoon, Elon Musk, an entrepreneur with the cult following of all cult followings, suddenly signal boosted the crypto space, dedicating an entire tweet to the word “Ethereum.” His intentions remain unclear. Funnily enough, this comes just days after Musk/his lawyers and the U.S. Securities and Exchange Commission (SEC) settled a deal about his often mischievous, laugh-inducing use of Twitter. According to a TechCrunch report, the Tesla Motors chief executive will need to seek approval Read more …

By CCN: Lyft’s stock remains stuck in the doldrums, trading 22% below its IPO price of $72. Yet, the company appears to have its proverbial head stuck in the sand about its stock market debut flop. Lyft board member Maggie Wilderotter believes the Lyft IPO on the Nasdaq was “totally a success,” she told CNBC. She said the company has its “heads down,” but could it be possible that they’ve really got their heads stuck in the sand? What part Read more …