Day: February 4, 2019

Analysts Identify Trail of Bitcoin Donations to Gaza’s Ruling Group Hamas

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An Israeli blockchain intelligence firm claims to have identified proof of donations in Bitcoin (BTC) reaching Hamas, the de facto ruling authority of the Gaza Strip in Palestine. The development was reported by Israeli financial daily newspaper Globes Feb. 3. Globes reports that a BTC wallet address for receiving the funds was first published Jan. 31 to the organization’s Telegram channel. The address has subsequently been identified by blockchain intelligence firm Whitestream as one hosted by U.S. crypto wallet service provider and exchange Coinbase. A second, non-Coinbase address was reportedly…

Fintech Experts See Bitcoin Ending 2019 at $9,000, 85% Higher From Now

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A study conducted by Finder.co.au in Australia saw experts in the financial market forecasting the year-end Bitcoin price in the $7,500 to $9,000 range. As of February, the price of BTC hovers at around $3,500. An increase from $3,500 to $9,000 would be equivalent to a 157 percent rise in value within less than ten months. Why Experts Remain Positive on the Long-Term Outlook of Bitcoin Executives at investment firms, individual investors, and fintech experts are generally positive on the long-term trend of Bitcoin because of various short-term catalysts that…

Blockchain Firm HashCash Partners With ‘Prominent’ Australian Gaming Company

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Blockchain company HashCash Consultants has announced a partnership with an undisclosed Australian video games developer to roll out its white label crypto exchange and tokenization services for the gaming industry. The development was announced in a HashCash press release Feb. 4. HashCash is a blockchain firm focused on providing “white label” blockchain solutions for the gaming sector — i.e. pre-developed solutions that can be purchased and rebranded by their clients to facilitate the shift to a new blockchain-based business model. The firm announced in the press release that it is…

Crypto Researcher: Bitcoin Interest On Twitter Drops, Very Bearish

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Although many compare crypto and blockchain to the early stages of the Dotcom Bubble, some believe that it is much more than that. This simple belief that cryptocurrencies, like Bitcoin, are paradigm-shifting has led industry insiders to enlist the use of exotic, yet often eerily accurate indicators to forecast what’s to come for this budding space. On Sunday, this theme was only cemented, as a leading researcher employed social media statistics to convey a prediction. Related Reading: Research Shows BTC Price Linked to Public Sentiment on Social Media Bitcoin Related Tweets Waning…

Kraken Buys UK Exchange Crypto Facilities for at Least $100 Million

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United States cryptocurrency exchange Kraken has acquired United Kingdom-based cryptocurrency exchange and futures provider Crypto Facilities, the company confirmed in a press release Feb. 4. Crypto Facilities, which began operating in 2015, is fully regulated by the U.K.’s Financial Conduct Authority, giving Kraken a major foothold in the European market. The parties declined to reveal the exact figure involved in the deal, saying only that it was a “nine-figure deal.” “We are excited to introduce eligible clients to these industry leading futures and index products,” Kraken CEO Jesse Powell commented…

Blockchain Startup to Verify Degrees, Skills and Job Roles to Tackle Dishonesty on Resumes

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Employers worldwide are spending hundreds of billions of dollars in their quest to find the perfect candidate. However, the information they are given through LinkedIn pages and resumes isn’t always accurate or easy to verify — resulting in serious consequences. Now, a networking and recruiting platform called EchoLink plans to use blockchain to give firms “trusted information regarding a job candidate’s education, skill and work experience,” helping to save companies time and money, all while giving skilled workers the opportunities they deserve. Redefining resumes According to a YouGov poll in…

Indian Gov’t Committee Is Worried About Crypto’s Impact on Rupee’s Stability: Report

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An Indian governmental committee is concerned by the impact that cryptocurrency could have on the rupee, if it is allowed to be used for payments, according to a report published by Quartz on Feb. 4. The article refers to government panel led by Indian Economic Affairs Secretary and former Executive Director at the World Bank, Subhash Chandra Garg, which was reportedly set up in November 2017. An anonymous source active in the crypto industry — and who reportedly recently met with the committee — is quoted by Quartz as saying:…

Economist’s Belief That Stocks Are Overvalued Has Bitcoin Enthusiasts Enthused

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While the S&P 500, the Nasdaq, among other global stock indices surged off the back of news that the U.S. Federal Reserve’s chairman, Jerome Powell, would be putting a policy rate hike on the backburner, some pundits are still wary of a looming crash, even crisis. And interestingly, some have argued that if the American economy descends into chaos, Bitcoin and other leading crypto assets could surge and garner notable levels of traction worldwide. Economist: Stocks Trading At “Most Obscene Valuations” Ever According to a report from Business Insider, Dr. John…

Economist’s Belief That Stocks Are Overvalued Has Bitcoin Enthusiasts Enthused

boss

While the S&P 500, the Nasdaq, among other global stock indices surged off the back of news that the U.S. Federal Reserve’s chairman, Jerome Powell, would be putting a policy rate hike on the backburner, some pundits are still wary of a looming crash, even crisis. And interestingly, some have argued that if the American economy descends into chaos, Bitcoin and other leading crypto assets could surge and garner notable levels of traction worldwide. Economist: Stocks Trading At “Most Obscene Valuations” Ever According to a report from Business Insider, Dr. John…

Binance’s Crypto Winter Strategy: Build and Beef Up Partnerships

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Malta-based cryptocurrency exchange Binance has an ambitious mandate for its 400 employees in 2019: leverage industry partnerships to diversify the brand beyond its primary trading platform. Trust Wallet, which Binance acquired last summer, recently joined the Foundation for Interwallet Operability (FIO), CoinDesk has learned. The coalition includes the exchange ShapeShift, and wallet startups BRD and MyCrypto, among many others. Guided by the foundation’s instigator, a Denver-based startup called Dapix, the coalition plans to build a protocol to standardize crypto wallet addresses across currencies and platforms. Boosters say this protocol could…