Day: February 15, 2019

US Court Reconsiders Blockvest Acquittal Over Unlicensed Securities Offer

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The United States Securities and Exchange Commission (SEC) announced it had gained an injunction against initial coin offering (ICO) operator Blockvest, overturning a 2018 court order. The regulator reported the development in a press release published on Feb. 14. Blockvest, which the SEC suspects of offering and attempting to sell unregistered securities via its BLV token sale, will now face fresh charges along with its founder, Reginald Buddy Ringgold, III aka Rasool Abdul Rahim El. “The defendants used the SEC seal without permission and falsely claimed that their crypto fund…

Coinbase Finally Makes Bitcoin SV Funds Available for Withdrawal

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Photo: The Coinbase Blog For many users of Coinbase, this update was a rather long-awaited one. And now, finally, the major US-based cryptocurrency exchange has made it possible for its users to withdraw Bitcoin SV (BSV) assets to external wallets. Bitcoin SV and Coinbase The history of Bitcoin SV began not so long ago. As CoinSpeaker reported in November, BSV had been created as a result of a hard fork in the Bitcoin Cash (BCH) blockchain. In fact, the fork resulted in the appearance of two new coins. At that time, Bitcoin ABC was…

The Biggest US Automaker Turns to Blockchain to Help Save Millions in Identity Theft

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General Motors Financial has partnered with blockchain company Spring Labs to help reduce identity theft. It’s a move that could potentially save the car maker millions of dollars in fraud costs. As CCN previously reported, 95% of carmakers expect to use blockchain technology in the next three years, but General Motors is leading the pack. The partnership will see GM Financial, the finance branch of General Motors, join Spring Labs’ Spring Founding Industry Partners Program. The initiative is designed to advance the role of blockchain in data sharing. This is…

Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

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Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next bullish break above…

Crypto Market at Key Turning Point: BNB, EOS, Bitcoin Cash, Tron (TRX) Analysis

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The total crypto market cap seems to be struggling near the $118.0B and $119.0B resistances. EOS price started a downside correction and declined below the $2.85 support level. Binance Coin (BNB) is performing nicely and it is currently up around 2.5% to $9.20. Bitcoin cash price is currently consolidating above the $122 support level. Tron (TRX) price broke a key support and settled below the $0.0250 level. The crypto market is facing an uphill task, with bearish moves. Therefore, there is a risk of bearish reaction in bitcoin (BTC), Ethereum…

Can Bitcoin Delta Capitalization Help Predict The Market Bottom?

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There has been no shortage of price predictions over the past few months as the crypto winter lengthens. Investors and traders all want to get it at the best possible place so finding the market bottom is a big deal. Employing a range of technical indicators and industry knowledge, the top analysts are now looking at Delta Capitalization to predict the future movements of Bitcoin. The crypto sphere has a number of prominent analysts that have used historical moving averages, logarithmic regression, and fractal patterns to estimate where markets are…

Ripple Price Analysis: XRP’s Downside Thrust Before Fresh Upside

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Ripple price is currently trading well below the $0.3045 and $0.3070 resistances against the US dollar. There is a major bearish trend line formed with resistance at $0.3070 on the hourly chart of the XRP/USD pair (data source from Kraken). Recently, there was a break below a connecting bullish trend line with support at $0.3000. The pair could correct a few points in the short term, but there are chances of a sharp drop to $0.2940 or $0.2910. Ripple price continues to trade in a bearish zone against the US…

Ethereum Price Analysis: ETH Losing Bullish Momentum, Downsides Limited

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ETH price struggled to stay above the $121 and $119 support levels against the US Dollar. This week’s followed major bullish trend line was breached with support at $121 on the hourly chart of ETH/USD (data feed via Kraken). There is a new connecting bearish trend line in place with resistance at $121 on the same chart. The price could revisit $121-122 resistance zone, where sellers are likely to reemerge. Ethereum price is pointing a few bearish signs against the US Dollar and bitcoin. ETH/USD is now at a risk…

Bitcoin Use Increased by 571% in the Past 5 Years and 13% of Online Buyers Have Used Cryptocurrencies, Coinmap and Kaspersky Reveal

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The use of cryptos and blockchain technologies has proved to be an unstoppable phenomenon, and despite the bearish streak, adoption is growing steadily under the gaze of critics and proponents. A study by the Russian cybersecurity company Kaspersky Labs has found that more than 13% of consumers have used crypto to make some kind of online purchase. The Kaspersky Lab Global IT Security Risks Survey 2018 is based on the results of 12448 surveys conducted with consumers from 22 countries in an attempt to determine changes in preferences and behavior…

Canadian Judge Delays Decision on Legal Representation for QuadrigaCX Clients

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A Canadian judge has delayed a decision on legal representation for customers of major Canadian cryptocurrency exchange QuadrigaCX. The news was tweeted by Canadian Broadcasting Corporation reporter Jack Julian on. Feb. 14. On Thursday, Feb. 14, the Nova Scotia Supreme Court reportedly brought together over “a dozen” lawyers who represent 115,000 cryptocurrency traders owed around $260 million ($195 million) by Quadriga after the exchange’s founder’s, Gerald Cotten, passed suddenly. Specifically, the customers are seeking CA$70 million ($52 million) in cash and CA$190 million ($142 million) in Bitcoin (BTC) and other…