Day: February 19, 2019

Bitcoin Again Tests $4K Amidst Anticipation of US and China Trade Deal Finalization

boss

Tuesday, Feb. 19: crypto markets have continued gaining momentum, with all of the top 20 coins by market cap seeing green and Bitcoin (BTC) testing $4,000 again, according to CoinMarketCap. Market visualization from Coin360 Following a slight decline to as low as $3,908 yesterday, Bitcoin has continued growing towards the new price point, currently trading at $3,941 and up 4.4 percent over the past 24 hours. The biggest cryptocurrency saw a sharp bullish move on Feb. 17 and approached $4,000 yesterday by touching $3,973, the highest price point since Jan.…

Litecoin Massively Outperformed Bitcoin Since November Sell-Off By 4x

boss

Investors who purchased Litecoin during the significant November 2018 sell-off earned four times more returns than the investors who bought Bitcoin, highlighted Joe McCann. The financial expert, who serves as the head of systematic trading at crypto asset management firm, Passport Capital, calculated the returns made by the “silver cryptocurrency” from its three-month low to its three-month session high. He found that between November 14, 2018, and February 18, 2019, bitcoin price recovered up to 25.19 percent from its session low. On the other hand, Litecoin corrected as high as…

Coinbase Acquires Blockchain Analytics Startup Neutrino

boss

United States cryptocurrency exchange and wallet Coinbase has acquired blockchain intelligence startup Neutrino, according to a post published on the company’s blog on Tuesday, Feb. 19. Coinbase revealed that the company will continue to operate as a standalone business in its London office. The amount of the contract has not been disclosed. The U.S. exchange believes that blockchain intelligence will contribute to creating an open and protected financial system. The company expects Neutrino to help Coinbase prevent theft of funds, investigate hacks and ransomware attacks, and identify suspicious transactions. Moreover, the…

Financial Firm Offers ‘Almost Instantaneous’ Loans Up to $30,000 With Crypto as Collateral

boss

A financial company is giving crypto holders the opportunity to take out cash loans while using their digital assets as collateral. YouHodler — whose name is inspired by the term “HODL” — says its product gives the community a way of accessing money without selling their investments. The platform offers loans from $100 to up to $30,000 — also payable in euros and Tether (USDT) — with a maximum loan-to-value of 80 percent, a ratio which YouHodler claims is one of the highest currently available in the industry. Six cryptocurrencies are…

Major Spanish Bank BBVA Issues $40 Million Green Bond Based on Blockchain Platform

boss

Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has announced the launch of the first blockchain-backed platform for structured green bonds. The news was announced in a press release published on Feb. 19. BBVA has closed the deal with Spanish insurance house Mapfre, which has invested 35 million euros (approximately $40 million) to finance sustainable products. To close this deal, BBVA has “issued the first structured green bond using blockchain technology to negotiate the terms and conditions,” the press release states. The press release underlines that the funds have been…

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

boss

Photo: QuoteInspector.com / Flickr Ripple’s technologies are continuing their conquering journey around the world. Now the news has come from Japan where one of the Ripple’s partners, the Japanese financial giant SBI, has introduced a new initiative that is said to boost mass adoption of XRP that is a native cryptocurrency for Ripple’s solutions. XRP to Surpass BTC According to the President and Representative Director of SBI Holdings, Yoshitaka Kitao, the year of 2019 is to become an extremely important one for XRP as its market capitalization is likely to exceed…

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

boss

Photo: QuoteInspector.com / Flickr Ripple’s technologies are continuing their conquering journey around the world. Now the news has come from Japan where one of the Ripple’s partners, the Japanese financial giant SBI, has introduced a new initiative that is said to boost mass adoption of XRP that is a native cryptocurrency for Ripple’s solutions. XRP to Surpass BTC According to the President and Representative Director of SBI Holdings, Yoshitaka Kitao, the year of 2019 is to become an extremely important one for XRP as its market capitalization is likely to exceed…

Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

boss

Crypto markets show a major recovery adding $10 billion on Tuesday with Bitcoin approaching $4000. EOS becomes the steals the show with over 20% gains. In the last 48 hours, the cryptocurrency market is showing good signs of revival. The overall cryptocurrency market cap has surged by over $15 billion. At the press time, the overall cryptocurrency market cap is $134 billion. Bitcoin (BTC) and other top ten altcoins are showing great signs of recovery. At the press time, the world’s largest cryptocurrency has surged by 5.09% and trading at…

FBI Outline Key Features of Scam ICOs, Warns Investors to Be Vigilant

boss

The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial news site the Paypers on Feb. 19. According to the FBI, the key strategies of scam offerings include misrepresentations of their directors’ professional experience, an engineered false impression of how much traction the ICO has garnered in the industry, and unrealistic promises of prospective returns on tokens: “Like any investment product, rates of…

India Targets Cryptocurrency Crime аs Part оf Cyber Security Offensive

boss

Cryptocurrency crime forms one focus of a dedicated cybercrime lab launched by Indian authorities this week, Indian daily news outlet The Hindu reported on Feb. 19. As part of efforts to step up the fight against internet-based adversaries, India’s Union Home Minister Rajnath Singh inaugurated the cyber forensic lab and Cyber Protection Awareness and Detection Centre (CyPAD), which will be operated by police in Delhi. Within the lab, there will be a special unit focused on cryptocurrency, following years of problems involving scammers using the emerging phenomenon to commit crime.…