Day: February 25, 2019

‘Ripple’s XRP is Better Than Bitcoin,’ Says Vitalik Buterin

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But if anyone of you were active on Twitter social media, you might have come across with Vitalik’s opinion on XRP. If not, here is a short coverage on the same. His view on XRP comes as a response to Pierre Rochard’s research on Bitcoin’s value where he sums up Bitcoin as the ‘ideal stable coin’ and summarized it as peak sound money. While responding to what Mr. Rochard said, Vitalik tweeted: I think you want to use XRP. The chart for XRP/XRP would look the same so it’s also…

‘Ripple’s XRP is Better Than Bitcoin,’ Says Vitalik Buterin

boss

Vitalik Buterin, the co-founder of the second largest cryptocurrency Ethereum, tweeted about XRP, stating that ‘it’s better sound money than Bitcoin. But if anyone of you were active on Twitter social media, you might have come across with Vitalik’s opinion on XRP. If not, here is a short coverage on the same. His view on XRP comes as a response to Pierre Rochard’s research on Bitcoin’s value where he sums up Bitcoin as the ‘ideal stable coin’ and summarized it as peak sound money. While responding to what Mr. Rochard said,…

Crypto Analyst Still Bullish After Sunday’s Sudden Bitcoin Drawdown

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Bitcoin Looking Somewhat Healthy After a near-relentless rally that went on for ten days, Bitcoin (BTC) saw a sudden pullback on Sunday. In a brief period of time, BTC fell from $4,200, where it had topped from a short-term point of view, to $3,800, a level it failed to surmount for weeks on end. Yet, some traders have kept their heads high, accentuating that they are still sure that a further move to the upside is inbound. Financial Survivalism, an insurance agent turned full-time trader, recently took to Trading View…

Crypto Analyst Still Bullish After Sunday’s Sudden Bitcoin Drawdown

boss

Bitcoin Looking Somewhat Healthy After a near-relentless rally that went on for ten days, Bitcoin (BTC) saw a sudden pullback on Sunday. In a brief period of time, BTC fell from $4,200, where it had topped from a short-term point of view, to $3,800, a level it failed to surmount for weeks on end. Yet, some traders have kept their heads high, accentuating that they are still sure that a further move to the upside is inbound. Financial Survivalism, an insurance agent turned full-time trader, recently took to Trading View…

Bitfinex’s Stolen Funds Partially Recovered and Returned by US Law Enforcement

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The United States’ law enforcement recovered and returned over $104,000 stolen from the cryptocurrency exchange Bitfinex, according to a Medium post by the exchange published on Feb. 25. The funds returned are reportedly just under 27.7 Bitcoins (BTC), which were stolen in August 2016 in a hack that involved the theft of around 120,000 BTC in total. At the time, Bitfinex reportedly generalized the losses across all accounts and credited BFX tokens, one per every dollar lost, to those affected by the hack. These tokens could be redeemed for one…

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack

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Bitfinex has announced that some of the bitcoin stolen in a major 2016 hack has been returned by the U.S. government. In a blog post published Monday, the exchange said that 27.66270285 BTC – worth just over $104,000 at time of writing – have been received from the U.S. government, and come as the result of U.S. law enforcement efforts. Bitfinex said that, since the hack, it has been collaborating with international law enforcement agencies “to provide intelligence and assist with investigations,” adding: “Bitfinex was alerted in November 2018 that the…

Next Generation Public Blockchain IOST to Launch Mainnet with 150+ Global Partner Network

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Next generation public Blockchain IOST, will launch its highly anticipated mainnet with multiple decentralized applications (DApps), six months ahead of schedule, on March 10, 2019. With a global network of more than 150 partners, including Huobi, DDEX, iBank Digital Asset, and CoinGecko, the IOST mainnet will support a host of new DApps in the coming weeks. advertisement The team claims this is one of the most accessible, community-friendly platforms to come to market, with games, wallets, decentralized exchanges, stablecoins, and other applications launching in tandem. Jimmy Zhong, Chief Executive Officer…

Bitcoin’s Bull Trend At Risk After High-Volume Price Dump

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View Bitcoin dropped 9.3 percent yesterday on the back of high volumes, invalidating the triangle breakout witnessed last Monday. A UTC close below $3,714 today would validate Sunday’s bearish outside reversal candle and open the doors to levels below $3,400. The longer duration charts are signaling bearish exhaustion, however, and any drop to $3,400 or below could be short-lived. A move above $4,190 (previous day’s low) is needed to revive the bullish outlook. Bitcoin (BTC) nosedived overnight, clouding the interim bullish outlook, and a deeper drop could unfold if key support…

Bitcoin’s Bull Trend At Risk After High-Volume Price Dump

boss

View Bitcoin dropped 9.3 percent yesterday on the back of high volumes, invalidating the triangle breakout witnessed last Monday. A UTC close below $3,714 today would validate Sunday’s bearish outside reversal candle and open the doors to levels below $3,400. The longer duration charts are signaling bearish exhaustion, however, and any drop to $3,400 or below could be short-lived. A move above $4,190 (previous day’s low) is needed to revive the bullish outlook. Bitcoin (BTC) nosedived overnight, clouding the interim bullish outlook, and a deeper drop could unfold if key support…

Bahrain’s Central Bank Issues New Cryptocurrency Regulation

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The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25. Before, in December last year, the central bank had issued draft proposals to potentially regulate and license crypto asset services. The new rules reportedly concern licensing, governance, risk management, Anti-Money Laundering and Counter-Terrorist Financing measures, business conduct, conflict of interest avoidance, reporting and cybersecurity. The regulation also establishes new supervision and enforcement standards. Cryptocurrency exchanges licensed by Bahrain’s central bank will now also have to respect guidelines concerning order matching, pre and post-trade…