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The founder of decentralized crypto exchange Bisq has stepped away from all roles and activities, allowing the exchange’s DAO (decentralized autonomous organization) to oversee its operations. Manfred Karrer released the departure announcement on Bisq’s official site on May 16, 2019, claiming that the exchange is “entering a new phase” and that the DAO “is now the infrastructure which enables that Bisq is managed by its stakeholders and contributors.” Noting that Satoshi’s departure from involvement in Bitcoin was critical to that Read more …

The U.S. Securities and Exchange Commission (SEC) has again delayed a decision on a bitcoin exchange-traded fund (ETF) proposal. In a new document filed Monday, the SEC said it was instituting proceedings on whether to approve or disapprove a proposed rule change that would allow the VanEck SolidX Bitcoin Trust to issue and list its shares. The regulator invited comments from the public, due 21 days from when the order is published in the Federal Register, and rebuttals to those comments, due Read more …

By CCN: The Obama administration pioneered the use of social media to engage directly with the American public, but President Trump’s unprecedented Twitter antics have proven that social media can manipulate the stock market just as much as it can be used to sway the mythical undecided voter. Since taking office in 2017, Donald Trump has frequently used Twitter to fuel stock market rallies and stunt painful corrections. However, one Wall Street strategist warns that the president’s social media addiction Read more …

Even as hacked crypto exchange Cryptopia goes into liquidation, the thieves who cleared at least $16 million in ethereum appear to have begun moving the stolen crypto into multiple wallets. In January Cryptopia went offline before announcing that it had “suffered a security breach which resulted in significant losses.” Although the company never disclosed the amount, independent analytics firms estimated that a hacker or hackers made off with over $16 million in ethereum and other tokens. On May 15 the exchange Read more …

Bitcoin (BTC) in range mode JP Morgan Strategists say current prices echo those of late 2017 and could burst After analyzing Bitcoin as a commodity, JP Morgan strategists now say there is a divergence between actual and intrinsic values and that Bitcoin echoes the spike of Dec 2017. In their view, the only correction is a drastic reduction in price against analysts’ projections. Bitcoin Price Analysis Fundamentals Analysts believe that the dilapidating winter of last year is over. In six Read more …

By CCN: Ford is in the throes of an $11 billion restructuring, which will cost 7,000 white-collar workers their jobs this year. The US auto giant believes the “smart redesign” will save billions, but the Dearborn-based company’s stock continues to struggle. Ford’s ‘Smart Redesign’ Will Save Billions Reportedly, the company is vastly downsizing its managerial workforce. Of the company’s more than 190,000 employees, roughly 70,000 serve in salaried positions. Collectively, Ford’s savings will total close to $600 million per year. Read more …

In its April 2019 Exchange Review, released on May 20, 2019, London-based crypto data analysis firm CryptoCompare found that fiat-to-crypto exchanges performed much better than crypto-to-crypto platforms did over the last month, as cryptocurrency prices rose across the board. According to the report, fiat-to-crypto exchanges enjoyed an impressive 85 percent uptick in monthly trading volumes in April 2019. Bithumb, UPbit and Bitfinex were the highest performing of these, with volumes amounting to $17 billion, $8.7 billion and $6.7 billion, respectively. Read more …

By CCN: President Trump has at least one renowned economist in his corner. Mohamed El-Erian is placing Donald Trump in the same category as America’s beloved Ronald Reagan. In an interview with CNBC, El-Erian, who is among the more open-minded economists out there, approached the trade war from a different vantage point. He said that China stands to lose the most in the trade war ignited by Donald Trump and Xi Jinping. Consider the S&P 500, which is miraculously unchanged Read more …

By CCN: Bernhard Schroeder, an educational director of entrepreneur programs at San Diego State, implores entrepreneurs and investors to focus on the blockchain, rather than Bitcoin. In a new editorial today in Forbes. Schroeder classifies Bitcoin as a speculative investment which may or may not work out long-term, but lauds the merits of blockchain, which he describes as “a serious technology.” The Resurrection of the ‘Blockchain, Not Bitcoin’ Brigade Schroeder believes that “the real potential” for blockchain technology will emerge Read more …

Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the extent expected at this point. Notably, the offline scenario was predicted by researchers earlier last month. Brief introduction to Stellar and its network Stellar is a platform for money remittance. It was launched in 2014 by Jed McCaleb, Read more …

A new report from bitcoin and crypto load provider Genesis Capital reveals some interesting insights into institutional short-selling of cryptocurrencies. Notably, BTC is used less for speculation than altcoins while naysayers Jamie Dimon, Warren Buffett, and Nouriel Roubini are not shorting bitcoin.  $425 Million New Loan Originations In First Quarter Crypto-Loans provider, Genesis Capital has published its latest quarterly report and insights, covering Q1 2019 and beyond. The first quarter of 2019 continued the upwards trend seen at the end Read more …

Weekly trading volume for the world’s second largest cryptocurrency by market value, Ethereum (ETH), reached its highest notional value in over 17-months on the popular exchange Coinbase. In Coinbase’s two most popular ETH markets, ETH/BTC and ETH/USD, a combined total of 3,675,570 units of ETH changed hands from May 13 to May 19, which at current market prices ($246) has a notional value of over $904.1 million – its highest total in a week since Dec. 11, 2017 according to Read more …