Bitcoin decoupled from traditional markets in May, rising more than $3,000. The cryptocurrency, currently at $8,300 on Bitstamp, is set to end higher for the fourth straight month with 60 percent gains. That is the longest monthly winning streak and the biggest monthly gain since August 2017. Notably, the leading cryptocurrency by market value has put on a good show despite the losses on Wall Street. The S&P 500 index – a benchmark for global equity markets – is on track Read more …
By CCN: Since Friday’s opening bell, the Dow Jones has dropped by more than one percent from 25,046 points to 24,885 points as U.S. President Donald Trump vowed to impose tariffs on Mexican goods. Still, according to Morgan Stanley CEO James Gorman, a strong U.S. economy should save the Dow and wider stock market from collapse, even as Trump’s trade conflicts continue to intensify. Morgan Stanley CEO: Don’t Fear a Stock Market Crash The Dow Jones has dropped by nearly Read more …
Senior Quantitative Researcher, Hans Hauge, from Ikigai, has just released a series of new metrics for gauging Bitcoin demand which suggests ‘the market bottom is behind us’. Let’s break down the findings. The Market Players In Hauge’s analysis, he identifies two separate classes of traders that participate in the Bitcoin market, who have a direct effect on the coin’s demand; The “Newbs” and the “Veterans”. Newbs represent the latecomers to the Bitcoin market, who have only recently started investing in Read more …
BTC down 6.3 percent Law enforcement could be behind Bitcoin Blender’s closure In a week, Bitcoin Blender is the second BTC mixing service to close shop. It comes at a time when bulls are losing traction, casting doubt on the overall strength of the underlying momentum. Bitcoin Price Analysis Fundamentals In a day that saw crypto assets, including Bitcoin (BTC), register losses, investors are unfazed. Their optimism stems from a firm conviction that fundamental factors will end up supporting prices. Read more …
The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs). In this guideline, the financial regulator outlines requirements that need to be followed for cryptocurrency businesses to be compliant with the ASIC Act. This update is noteworthy as the country continues to battle crypto scams, losing almost $4.3 million in 2018. Going forward, companies issuing crypto assets deemed to be financial products will be required by Read more …
Big four auditing firm Ernst & Young (EY) open sourced the code of its Nightfall Ethereum (ETH) private transactions solution and released it on GitHub on May 31. The readme information file featured on the GitHub repository explains the function of the software in question: “Nightfall integrates a set of smart contracts and microservices, and the ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy.” In the same file, Read more …
Despite a pull-back in the last 24 hours, the cryptocurrency market was generally in the green for the week. Bitcoin gained 4.8% on the week, Ethereum grew 3.64%, XRP gained a hearty 10.5%, and EOS flew up 23%. A few top 100 coins even saw near triple-digit gains, such as Bitcoin SV (up 88%) and MonaCoin (up 88%). However, these price jumps are speculated to be tied to fake news and pump schemes. What’s New At CoinCentral? What Is Aurora Read more …
U.S. citizen Morgan Rockcoons has been sentenced to fines and prison time for running unlicensed money exchange services on LocalBitcoins. Advertising himself on the peer-to-peer bitcoin trading network, Rockcoons made more than 1,000 transactions with hundreds of different users. The U.S. Department of Justice (DoJ) pursued him on charges of not registering his business with the Financial Crimes Enforcement Network (FinCEN). Rockcoons’ sentencing marks the end of a somewhat protracted legal battle, following his arrest in February 2018. Rockcoons attempted Read more …
By CCN: Binance is one of the world’s largest cryptocurrency exchanges and also the scene of a $40 million bitcoin theft. But that has not deterred the firm’s native token, Binance Coin (BNB), from becoming the 2019’s best performing digital asset. The BNB-to-dollar exchange rate established its year-to-date (YTD) high at $38.646 as on May 26, 2019. That took its profits this year to about 550-percent, including an approx 116-percent rise in May alone. In comparison, Bitcoin, the leading cryptocurrency, Read more …
By CCN: Several months ago, Tone Vays, a polarizing figure in the crypto community, laid down the gauntlet on Twitter. Doubling down on his gloomy short-term bitcoin price forecast, Vays challenged his critics to take on a bet that’s worth $250,000. Analyst: Bitcoin Price Will Crash Below $2,000 The terms are simple: if the bitcoin price drops below $2,000 before the 2024 halving, Vays wins, and the loser sends him 100 BTC (worth $200,000 that day). On the other hand, Read more …
At the 1997 edition of the annual Worldwide Developers Conference — an event put together by iPhone-maker Apple Inc. to communicate directly with its community of developers and users — a participant asked founder and then-CEO Steve Jobs the following question: “What do we do about the press? Wall Street Journal reporters get up in the morning, sell Apple short and then go write stories about us. And, it’s clear that it’s perception versus reality. They don’t know s— about Read more …
Bitcoin mining difficulty has surged by more than 11 percent to reach a new all-time (ATH) for the network. Bitcoin Mining Difficulty Reaches ATH Data from BTC.com shows that the Bitcoin mining difficulty has reached 7.46T. This figure surpasses the previous ATH of 7.45T achieved in early October 2018. Bitcoin mining difficulty has just hit an all-time high. The network is stronger than ever. pic.twitter.com/cWgMtQ5xZ3 — Kevin Rooke (@kerooke) May 31, 2019 Bitcoin reaching a new mining difficult ATH means Read more …