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Market Updates On April 25 digital assets are seeing volatile price declines today across cryptocurrency markets worldwide. Over the past 24-hours, the entire cryptocurrency market capitalization has lost more than $30Bn since our last markets update. Bitcoin Core (BTC) market prices are averaging $8,920 right now after tumbling to the $8,700 territories earlier today. Bitcoin (BCH) market values have also dropped from their $1,550 high and currently hover around the $1,270 zone. Also read: ‘Coindaddy’ Another Crypto-Rapper Rhymes Read more …

Though fraud is undoubtedly an issue in the cryptocurrency ecosystem, U.S. Congressman Patrick McHenry believes lawmakers shouldn’t rush to impose new regulations. “It’s my fear that Congress and other policymakers get wrapped up in the hype of bitcoin and feel like doing something – anything – is better than nothing,” he told CoinDesk in an interview on Tuesday, adding: “And I get it, there’s fraud, there are bad actors, there’s irrational hysteria in the space, but a race to regulate Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Ethics officials in the U.S. state of Wisconsin are divided on whether to allow political campaigns to accept campaign donations in bitcoin and other cryptocurrencies. If Wisconsin approves the move, it will join Montana, Washington, D.C., and the U.S. federal government in allowing cryptocurrency campaign contributions. At a hearing on April 24, the Wisconsin Ethics Commission debated the issue but did not make an immediate decision, Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Aramco Ltd. is a private company based out of the United Kingdom and Saudi Arabia. Aramco Coin has created the ARM token in order to allow people to invest in a cryptocurrency that has some Read more …

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will utilize Nasdaq technology to monitor for trading manipulation. Under the agreement, the exchange will use Nasdaq’s surveillance software, called SMARTS, to monitor its markets for potentially abusive trading practices. The two companies announced the agreement on Wednesday, according to Bloomberg. Financial details have yet to be released. The partnership comes as U.S. regulators like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CTFC) are more closely scrutinizing the cryptosphere Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Thomas Lee, co-founder of Fundstrat Global, doesn’t like to take sides in the bitcoin/Bitcoin Cash rivalry. But holding his feet to the fire, Lee would bet on the No. 1 cryptocurrency over its spin-off, Bitcoin Cash. Bitcoin and Bitcoin Cash advocates have locked horns over which is the better digital currency, and Lee’s decision isn’t all that surprising given he’s calling for a $25,000 bitcoin price by year-end. Read more …

Exchanges The bitcoin exchange industry is widely considered to be in a process of transition, with big players stepping in and acquisitions leading to greater consolidation. As such it is not surprising to hear that Bitstamp is on the shelf, although a rumored buyer now denies it.   Also Read: Bitcoin in Brief Wednesday: Crypto Leakers, Hackers and Rappers Nexon Korea Denial Lee Jung-hun, the CEO of Nexon Korea, has denied reports that the company is engaged Read more …

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman remarked, adding: “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors… I believe that digital currencies Read more …

The founder of the planet’s largest digital assets exchange platform has been sued over two potential funding deals from different venture capital firms. Sequoia Capital allege that talks with IDG Capital in late 2017 violated exclusivity agreements between Binance and Sequoia. Binance in Violation of Exclusivity Agreement According to Hong Kong court documents dated March 26 and April 24, Sequoia had been engaged in talks about investment since August 2017. Over the next few months, these negotiations continued. However, during Read more …

News In what is being referred to as a “groundbreaking lawsuit”, United Kingdom financial guru Martin Lewis is taking aim at Facebook’s lack of vigilance with regard to fake accounts. Mr. Lewis claims his likeness and reputation were used in multiple fraudulent instances, peddling mostly investment advice for assets such as bitcoin. Also read: James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam Facebook to Be Sued for Defamatory Bitcoin Ads “I will issue High Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchange Bitstamp will reportedly be acquired by a South Korean gaming company. Citing three sources familiar with the matter, Business Insider reports that Bitstamp — the world’s oldest surviving Bitcoin exchange — is close to finalizing a sale to Nexon, a South Korean gaming company that is now headquartered in Japan. Bitstamp, which was founded in 2011 and is headquartered in Luxembourg, became the world’s Read more …