Category: Cryptocurrency News

Major Japanese bank Resona will withdraw from Ripple-powered blockchain payment project MoneyTap on May 13, the bank announced on April 11. A subsidiary of Resona Group, the fifth largest banking group in Japan as of 2012, Resona Bank joined the project in October 2018, along with SBI Sumishin Net Bank and Suruga Bank. Launched on Oct. 3, MoneyTap payment service uses Ripple’s blockchain solution xCurrent, which claims to offer instant domestic bank-to-bank transfers. The project was co-developed by Japanese financial Read more …

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The Dow Jones Industrial Average assembled a monster rally on Friday, surging 250 points to place the index within striking Read more …

Bitcoin prices stable above $5,000 Tyler Jenks of Lucid Investments thinks prices will drop towards $4,200 and even $1,000 Fundstrat’s Bitcoin Misery Index is at around three-year-highs meaning investors are loosening their money purses. Whether that will spur demand, driving Bitcoin (BTC) prices above $6,000 will largely depend on how prices react at $4,800 and $5,500. Bitcoin Price Analysis Fundamentals In a space brimming with FUD, scares, and hype, traders ought to be pragmatic and level-headed to avoid liquidating an Read more …

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. At the Community Ethereum Development Conference (EDCON 2019) in Sydney, Australia, Vitalik Buterin set an interesting precedent for prominent crypto Read more …

Every Week Can’t Be Green The good times can’t last forever. After a few weeks of consistent growth, we finally saw a pullback this week. The crypto market cap fell from $174.7B down to a low of $167.7B before climbing back up to $172.7B. Overall, we saw a one percent loss on the week. Not too shabby. Cryptocurrency Market Stats (4/12/19) Most coins were in the red with the exception of Ethereum Classic (10.00%), Crypto.com Chain (67.15%), and Nano (16.13%). Read more …

This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. As he expected, mining farms in Sichuan currently report that the supply of slots for mining equipment has far exceeded the demand. The wet season in Sichuan usually begins in April and ends in October every year. During Read more …

Blockstack just marked an industry first that could set a precedent for compliant token sales in the United States. The decentralized computing network that uses Bitcoin as the basis for its DApps filed a statement with the SEC to hold the first $50 million token offering using the SEC Reg A+ framework. Is this the start of many more to come? ICOs Have Dropped Off a Cliff ICOs were all the rage in financing in 2017 and even the first Read more …

Darknet marketplaces (DNMs) provide a wide range of services beyond those commonly portrayed by the media. One of these is the provision of pain relief drugs for the terminally ill. In this guide, we run through the process for obtaining CBD, a cannabis oil compound that provides comfort to people suffering from chronic pain, anxiety, and mood disorders. Also read: Darknet Buyers Flock to Wall Street as Dream Winds Down The Darknet Is a Refuge for the Desperate and the Read more …

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Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.” The U.S. Department of Justice (DOJ) announced the conclusion of this case on its official website, claiming that Campos had already been in custody without bail for eight months prior to this verdict. He entered a guilty plea in late October, the DOJ stated, “admitting that he operated a Bitcoin Read more …

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Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his “Bitcoin Misery Index” (BMI) recently hit its highest figure since June 2016. He suggested the data could be a good or a bad sign. The BMI — which Lee designed with the aim of informing investors of how “miserable” Bitcoin (BTC) holders are based on the coin’s price and volatility — reportedly hit a value of 89 on April 2. The Index assigns Read more …