Month: May 2019

By CCN.com: The bitcoin price has increased from $5,173 to $5,297 on major regulated crypto exchanges including Coinbase in the past 24 hours, by 2.3 percent. Major crypto assets such as Litecoin and Bitcoin Cash spiked by 4 to 11 percent against the U.S. dollar. The unexpected recovery of the crypto market overnight comes after the office of the New York Attorney General filed a lawsuit against iFinex, alleging Bitfinex of mismanaging the cash reserves of stablecoin Tether. On April Read more …

Income tax payers in the U.S. now have the option to receive their federal and state refunds in bitcoin. Blockchain payments processor Bitpay announced the news on Tuesday, saying that the firm has partnered with U.S.-based taxation services provider Refundo for the service. Refundo customers can choose to receive all or a portion of a tax refund in bitcoin using its CoinRT product. Taxpayers will have to set up an account to get a unique routing and account number to Read more …

Crypto markets rebound adding $6 billion; Bitcoin Cash surging, Cosmos enters the top twenty, Ravencoin flying again. Contrary to all signals yesterday crypto markets have turned bullish again today as $6 billion gets injected back into digital assets. Bitcoin’s push back to resistance levels has heaved market capitalization back up to $175 billion. Just when it looked like BTC would drop through support it bounced back at charged back to $5,400 today adding 2.5 percent. Volume remains above $14 billion Read more …

United States transnational IT firm Advanced Micro Devices (AMD) over delivered on Wall Street expectations for earnings, the company confirmed in a press release on April 30. AMD, which had previously seen volatility in its performance amid challenging 2018 market conditions, posted an adjusted share price of $0.06, 1 cent above the target. The knock-on effect among investors was immediately palpable, with the company’s share price spiking more than 5% in the hours after the data was published. “We delivered Read more …

By CCN.com: Following our recent report that HitBTC users were getting the shaft when trying to withdraw their MXM tokens from Hong Kong-based crypto exchange HitBTC, which no longer allows trading of the token, MaxiMine has announced that they will rectify the lost coins. MaxiMine ‘takes responsibility’ MaxiMine writes that they are “taking responsibility” for the losses, and after receiving the tokens they sent to HitBTC back; they will fund the token swaps themselves. After active communication with HitBTC, it Read more …

On-chain transactions on the bitcoin (BTC) network hit fresh highs not seen since 2017 in April, industry newsletter Diar noted on April 30, quoting blockchain data provider TokenAnalyst. Continuing a trend that had already started at the end of March, on-chain transaction volume hit a 14-month high in April. This, Diar notes, is similar to the figure from June 2018, when the price of bitcoin circled $7,000. Far from reflecting increased real-world usage, however, the driving cause of the uptick Read more …

Amazon Web Services (AWS), the e-commerce giant’s cloud computing arm, has launched its Managed Blockchain service for wider use among enterprise clients. AT&T, Nestle, Accenture and others are already using the service, AWS announced Tuesday. Initially revealed last November, Amazon Managed Blockchain is said to allow clients to create and manage blockchain networks more easily and economically using open-source frameworks like Hyperledger Fabric. Until now, the service was previously available only in “preview,” meaning interested firms could sign up for Read more …

The third-largest cryptocurrency on the market, XRP, has seen solid gains over the past 24 hours, bouncing back from recent lows and reclaiming the $0.30 level. Bounce back The digital coin struggled throughout much of last week, especially during the cryptocurrency sell-off that followed last Thursday’s revelation that New York prosecutors had alleged that digital currency exchange Bitfinex had used Tether funds to cover an $850-million loss. XRP fell to a near three-month low of $0.287 following the news and Read more …

For a while now, the established social networks have been steadily cracking down on groups of users they find to be problematic, sending many people to look for alternatives where they can ensure their voice is heard. One emerging alternative platform is Memo, which is built on bitcoin cash and thus popular among BCH users. Also Read: How to Monetize Your Blog or Website With Bitcoin Games BCH-Powered Twitter Alternative Memo.cash is a decentralized social network powered by the Bitcoin Read more …

Bitcoin price returned to its bullish trend May 1 as it followed fresh gains in altcoin markets to jump 3 percent in 24 hours. Bitcoin Price At $5.3k Across Exchanges Data from cryptocurrency exchange Bitstamp, which offers one of the more conservative Bitcoin price 00 indices, put BTC/USD at around $5310 at press time Wednesday. The pair had fallen as low as $5066 over the past week, sudden losses occurring April 26 as news over fresh problems for stablecoin Tether Read more …

Last weekend, Bart Chilton, a former commissioner of the United States Commodity Futures Trading Commission (CFTC) and early advocate for cryptocurrency regulation, died at the age of 58. Apart from his work for the regulator, he was best known as the host of RT (formerly Russia Today) America’s financial show “Boom Bust” — in which he often covered cryptocurrency news — and as the author of the book “Ponzimonium: How Scam Artists Are Ripping Off America.” The news about Chilton’s Read more …

Clay Collins is CEO and co-founder at Nomics, an API-first cryptoasset data company delivering market data to institutional crypto investors and exchanges. The opinions expressed in this article are his own, and do not reflect CoinDesk’s position.​  The following article originally appeared in “Institutional Crypto” by CoinDesk, a free newsletter for the institutional market with news and views on crypto infrastructure delivered every Tuesday. Sign up here or at the link below.  On March 19th, Bitwise came out with a Read more …