Category: Cryptocurrency News

Another day, another milestone passed. Bitcoin’s inexorable rise from December 2018’s bottom to break $12000 has been astonishing in its speed. So what could lie ahead? Crypto-Spring Is Here, Courtesy Bitcoin Barely six months ago we were engulfed in our darkest hour. Crypto-winter seemed here for the long-haul, not helped by the onset of actual winter (in the northern hemisphere, at least). Bitcoin price was hovering in the low-$3,000s, with no indication of which direction it was heading. We’d already Read more …

A fake exchange website has managed to steal €24 million (over $27 million) in cryptocurrency from thousands of victims. European law enforcement agency Europol said in a press release Wednesday that six individuals have now been arrested over the scam in an operation that also involved the UK’s South West Regional Cyber Crime Unit and National Crime Agency, along with Dutch police and Eurojust. Five men and one woman were simultaneously arrested yesterday at their homes in several U.K. locations, as well as Amsterdam and Read more …

According to an official post made on June 26, the Cortex company has released a network for decentralized apps which is based on artificial intelligence (AI). “Decentralized AI world computer, Cortex has announced the successful launch of its technology platform. The network, designed for AI-powered dApps, brings deep learning models as artificial intelligence support to the blockchain ecosystem. The Cortex mainnet, which launched on June 26th following 15 months of intense development, marks the first time that AI has been Read more …

The US stock market roared back to life on Wednesday, and the Dow shot around 100 points higher as Wall Street prepared to close the book on its best June in more than three-quarters of a century. The catalyst for today’s rally? US President Donald Trump allegedly flinched on his $300 billion tariff threat ahead of his G20 parley with Chinese President Xi Jinping. Dow Soars as Stock Market Claws Back Tuesday’s Losses All of Wall Street’s major indices rallied Read more …

The potential interest rate cut by the United States central bank is apparently one of the reasons for the recent surge of bitcoin (BTC), Deutsche Bank exec Jim Reid said in an interview with CNBC on June 26. Reid, the head of global fundamental credit strategy at Deutsche Bank, stated: “if central banks are gonna be this aggressive, then alternative currencies do start to become a bit more attractive.” Reid referenced a recent speech by Fed’s chairman Jerome Powell, who Read more …

The price of bitcoin on Wednesday came close to hitting the $13,000 level for the first time since January 2018. While the cryptocurrency could be on its way to reclaim its all-time high of $20,000, its wild bull run is also increasing the probability of an equally primitive bear correction. But that does not concern Jesse Powell of US-based cryptocurrency exchange, Kraken. The chief executive officer said today that he is not anchoring his thoughts on an imminent bitcoin correction. Read more …

Cortex has launched a network for decentralized apps powered by artificial intelligence (AI,) according to a news release published on June 26. The company claims this is the first time that AI has been introduced to a crypto network at scale. It is hoped the technology will be used to generate credit reports for the decentralized finance industry and facilitate anti-fraud reporting for exchanges — and Cortex believes the gaming and eSports sector could also benefit from a “diverse range of use cases.” Cortex CEO Read more …

Blockchain data startup dfuse has just closed its first official round of equity funding. Led by Multicoin Capital and Intel Capital (a division of Intel Corporation), the seed funding saw the Montreal-based firm raise $3.5 million for its line of products geared towards demystifying blockchain data. According to a press release provided to CoinDesk on Wednesday, other notable backers of the round included the VC funds Diagram Ventures, BoxOne Ventures, Panache Ventures and White Star Capital. Founded in 2018, dfuse Read more …

The blockchain investigations firm Chainalysis has hired a top official from the main U.S. anti-money-laundering agency to help its cryptocurrency clients comply with tough new international data-sharing requirements. Announced Wednesday, Mike Mosier, the former chief of strategic advancement and tactical development at the U.S. Financial Crimes Enforcement Network (FinCEN), has joined Chainalysis as chief technical counsel. Mosier has spent a decade in various financial regulatory bodies: before FinCEN, he worked at the Office of Foreign Assets Control (OFAC), the National Read more …

3Box, the latest startup to leave the Brooklyn-based incubator ConsenSys, just raised money to fuel a new identity tool for app developers. 3Box is developing a decentralized solution that people can use across both traditional and blockchain-based apps. The startup recently closed a $2.5 million seed round led by Placeholder Ventures, with investments from Venrock, CoinFund, Northzone and ConsenSys itself. The “3” in 3Box is a subtle nod to the notion of Web3, a term used to describe the distributed Read more …

The margin trading feature is being made available to all Binance users, marking the launch of the newest version of its main exchange, Binance 2.0. Binance CEO Changpeng Zhao (CZ) tweeted the launch on the newest version of the exchange, while also pointing out that “bitcoin is on a tear on price.” While #bitcoin is on a tear on price, @Binance have rolled out Binance 2.0, with margin access to everyone. In bear and bull markets, we #BUIDL! pic.twitter.com/N2aA7vSWxF — Read more …

A crypto platform has unveiled a new Smart Trading feature that enables existing strategies to be executed with ease — cutting down the steps required to complete a trade so that users can react faster to ever-changing markets. Through Kryll, crypto enthusiasts can easily choose the exchange they wish to use for buying or selling cryptocurrency, their desired trading pair and the amount they wish to transact. From here, buy targets and stop-losses can be added instantly. For those who Read more …