February 2019

Hong Kong Entrepreneur Who ‘Made It Rain’ from High-Rise Arrested for Crypto Mining Fraud

February 28, 2019 boss

A purported Bitcoin millionaire (BTC) who was previously involved in “making it rain cash” on the streets of Hong Kong, has reportedly been arrested for mining-related fraud, the South China Morning Post reports Thursday, Feb. 28. A 25-year old businessman named Wong Ching-kit and his 20-year-old colleague have purportedly been arrested by Commercial Crime Bureau officers at their office in Hong Kong. They are reportedly being held in custody for conspiracy to defraud investors by selling them cryptocurrency mining machines. Details on how or why these miner-related sales were considered…

Veteran Trader Explains His Oddly-Specific Bitcoin Price Target

February 28, 2019 boss

Veteran trader Peter Brandt has an oddly specific bitcoin price target – $67,193. Brandt, who boats of 40-plus years’ experience in commodity trading, arrived at this figure by taking the combined value of the 33,000 tonnes of central bank-owned gold and dividing it by bitcoin‘s fully-diluted currency supply of ~21 million coins. $67,193This is what one $BTC will be worth if the the composite value of Bitcoin (at 21 MM mined) equals the value of the 33k tonnes of Gold $GC_F #GOLD held by the world’s central banks. — Peter…

Russia Crypto Adoption | President Putin Orders Crypto Regulations

February 28, 2019 boss

According to a document published on the Russian President’s official website, Vladimir Putin has ordered the Russian Government to adopt cryptocurrency regulations by July 1st this year. The move will help Russia crypto adoption. Setting the deadline, the Russian President has ordered the body to enforce crypto-related regulation for the digital assets industry. Russia Crypto Adoption The transcript reads the following: “Federal laws aimed at the development of the digital economy, including determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets…

After a Brief Decline, Crypto Market Cap Is Stable Around $130 Billion, Stocks Are Down

February 28, 2019 boss

Thursday, Feb. 28 — crypto markets continued trading sideways, while the total market capitalization has remained stable around $130 billion after a major sell off on Feb. 24, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC) is trading around $3,865, up around 0.3 percent over the past 24 hours at press time. With that, the biggest crypto has seen some volatility on the day, with its intraday low of $3,787, and the high of $3,906. After the Sunday sell off, Bitcoin is down 2.15 percent over the past seven…

German Government to Introduce Blockchain Strategy in Mid-2019

February 28, 2019 boss

The chief executive body of the German government, the Cabinet of Germany, has revealed that the country’s blockchain strategy will be introduced by mid-2019. The Cabinet commented on the development of fintech in the country on Feb. 26, following a request for information from parliamentarians in the Bundestag. The document notes that fintech sandboxes are currently present in five member states of the European Union: Denmark, Lithuania, the Netherlands, Poland and the United Kingdom. The Cabinet states that they will undergo an online consultation process prior to introducing the blockchain…

XRP Is Now Live and Trading on Coinbase’s Consumer App

February 28, 2019 boss

Coinbase is adding XRP to its retail platforms, allowing all customers in select jurisdictions access to the world’s third-largest cryptocurrency by market cap. On Thursday, the company, which already offers retail consumers access to bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, USDC, zcash, Brave’s Basic Attention Token, the 0x protocol token and withdrawals of bitcoin cash SV, announced it would be adding XRP to coinbase.com, as well as its Android and iOS apps. “Coinbase customers can now buy, sell, convert, send, receive, or store XRP. Please note that inbound transfers…

XRP Is Now Live and Trading on Coinbase’s Consumer App

February 28, 2019 boss

Constantinople Will Improve Ethereum But Will ETH Dump?

February 28, 2019 boss

Ethereum prices bearish, strong liquidation at $170 Constantinople in progress Transaction volumes increase in last weeks but will accumulation trigger bulls After previous attempts flopped, we expect the ongoing Constantinople upgrade to be a success. Whether that will rouse price action, we don’t know, but for bulls to be firmly in control, prices must rally above $170 or Dec 2018 highs. Ethereum Price Analysis Fundamentals As you read this, Constantinople software upgrade may be in progress and the second stage of the Metropolis could see Ethereum trudge closer to proof…

Bitcoin Investors Should Buy Post-Crash Dip Now, Says VC Chief

February 28, 2019 boss

Venture capitalist Fred Wilson suggested that bitcoin investors buy the post-crash dip because there are a lot of exciting developments right now that make the crypto industry worth investing in. Wilson proffered the advice in a February 28 blog post: “We are in the post-crash cycle in crypto, and that has made the sector interesting to me again. Prices are way down and there is a lot of great work being done on projects we are invested in and projects we want to invest in.” That’s hardly controversial or earth-shattering…

Facebook Secretly Talking with Bitcoin Exchanges about WhatsApp Crypto

February 28, 2019 boss

Facebook’s blockchain team has made a significant amount of progress on its secretive cryptocurrency project since Bloomberg first reported that the company was building a dollar-pegged stablecoin. So much progress, in fact, that you may soon find the WhatsApp-focused cryptocurrency listed on a bitcoin exchange near you. Facebook Has Already Met with Bitcoin Exchanges to Discuss its WhatsApp Token According to The New York Times, Facebook has already quietly met with multiple bitcoin exchanges to discuss using their platforms to issue the token to consumers. From the report, which was…