Category: Cryptocurrency News

Blockchain is misunderstood and focus should shift to bitcoin (BTC), the CEO of crypto microinvestment startup Amber wrote in an article for SmartCompany on June 25. In the article, Aleksandar Svetski argued that many corporations are embracing blockchain to look “hip,” even though the technology doesn’t deliver on the supposed promise of eliminating middlemen while providing security and immutability. He dismissed many of the so-called blockchain innovations unveiled by big businesses as advancements in data storage and business processes — and warned few of Read more …

If you’re new to the crypto scene you might have heard about people moving their assets into cold storage or cold wallets but were unsure exactly what this entails. Simply put, it means storing your crypto offline to reduce access to hackers. Here’s how you can easily freeze your coins for safekeeping. Also Read: How to Find a Bitcoin Cash Meetup Near You Simple Hardware Solutions To move your assets into cold storage using a hardware solution, the easiest way Read more …

Around a month ago investment firm Abra launched its crypto trading app to the world. Since then the company has been collecting data and responses to its Bitcoin-based stock and ETF platform. Findings have been positive emphasizing a strong demand for convenient and affordable investing solutions. Abra Allows Bitcoin For Stock Trading The concept is simple but effective. Enable Bitcoin as a medium for stock and ETF trading for non-US customers. Since its launch in late May to over 150 Read more …

Bitfinex, one of the biggest crypto exchanges in the world which has been entangled in controversy of late, is reportedly adding 100x margin trading to its cryptocurrency derivative platform. The company’s technology officer Paolo Ardonio said in a tweet that the embattled exchange would soon let its users to trade 1:100 leverage. He said plans to offer a derivatives product with up to 100x have been underway for some time now. The product is expected to go live within the Read more …

The bitcoin price roared to a new 2019 high in the early hours of Wednesday, briefly touching $13,000 on the Huobi exchange. Bitcoin is now at levels not seen since January 2018 with a market capitalization of $224.7 billion. But where is the money coming from? Data from CoinLib reveals that BTC’s latest rally is not driven by new investor money. Instead, existing crypto traders are simply moving money back into bitcoin from the sidelines. Bitcoin price hits 17-month high Read more …

Bitcoin (BTC) rising above $10,000, $11,000 and $12,000 surprised everyone in 2019 – but the takeaways from this year’s surge makes for unbelievable reading. As Cointelegraph reported, this year’s bitcoin price action has little in common with 2017 – the last time a parabolic advance occurred. Instead, the current cycle is giving investors serious reasons to celebrate. 1. Bitcoin Already Quadrupled From its Bear Market ‘Floor’ Since November 2018, when turbulence from the bitcoin cash (BCH) hard fork hit markets, Read more …

[Osaka, Japan, June 10 2019] As the Financial Action Task Force (FATF) prepares to roll out a new set of rules to increase reporting requirements on cryptocurrency transactions at the G20 Leaders’ Summit this month, a collective of international industry associations have led an initiative to convene Virtual Assets Service Providers (VASPs) for the first-ever V20 Summit, to be held as a concurrent event to the G20 on June 28-29 in Osaka, Japan. The summit will assemble VASPs, policy makers Read more …

SEC Commissioner Hester Peirce (“Crypto Mom”) says the Securities and Exchange Commission should’ve approved a bitcoin ETF already and slammed the agency for being a backward relic. Hester Peirce to SEC: Wake Up to the Future Moreover, Peirce is concerned that the murky regulatory framework in the United States will chase crypto businesses offshore. “[The SEC has the attitude of] ‘I don’t like that marketplace. Bitcoin markets are messy, so we don’t like them. So we’re not going to allow Read more …

Jed McCaleb, the founder of Mt. Gox, faces a lawsuit over his handling of the now-defunct bitcoin exchange. The two plaintiffs, former Mt. Gox traders Joseph Jones and Peter Steinmetz, filed a complaint with a court in California on May 19, accusing McCaleb of “fraudulent” and “negligent” misrepresentation of the exchange, which partially led to their loss of bitcoin when Mt. Gox suffered a major hack in 2014. Once the world’s largest bitcoin exchange by trading volume, Mt. Gox was Read more …

There is no stopping Bitcoin at the moment as the king of crypto keeps heading skywards. As BTC touched $13,000 today many are asking ‘am I too late to get in’. The long term answer is clearly a no, but there are still good gains to be made on Ethereum if it repeats the performance from 2017. Ethereum Still Undervalued Bitcoin may well be up 240 percent this year and hitting new highs every day this week but all is Read more …

The bitcoin price has peaked at $13,000 on the day following a staggering 11 percent gain against the U.S. dollar. Three months ago, the bitcoin price was hovering at around $4,000 and within a three month span, the asset has grown by more than three-fold. Investors expect bitcoin momentum to continue Based on technical indicators and data, analysts generally expect the momentum of bitcoin to be sustained in the near term. Although some have suggested the possibility of a sharp Read more …

Bitcoin (BTC)’s rise to multi-month highs may be attributable to a significant uptick in institutional activity over the past year, according to a report broadcast on CNBC television on June 25.  Data from institutional crypto lender Genesis Capital — an affiliate of Genesis Global Trading — reportedly reveals a significant increase in activity from institutional counter-parties, with volumes two to three times higher than they were twelve months ago. Alongside institution-led momentum, CNBC notes that while many have attributed bitcoin’s Read more …