March 5, 2019

Bitcoin Miners Capitulated in Dec 2018 and it Could Signal the End of Bear Market

March 5, 2019 boss

The biggest discussion point around Bitcoin currently, is whether or not the first-ever cryptocurrency has bottomed or not, and if the bear market will soon be ending or if a lot more pain is ahead for crypto investors. While many crypto traders and analysts are feverishly reviewing price charts and other important indicators searching for a sign, one particular analyst suggests looking at Bitcoin mining difficulty levels and potential capitulation by crypto miners as the signal the bear market has ended. Bear Market Grand Finale: Break of $6K Caused Miners…

Widow of QuadrigaCX Founder Seeks Compensation for Creditor Protection Court Costs

March 5, 2019 boss

The widow of the founder of now-defunct cryptocurrency exchange QuadrigaCX has asked the court for $225,000 in compensation for legal costs, Bloomberg reports on March 4. Jennifer Robertson, the wife of late QuadrigaCX founder Gerry Cotten, is seeking repayment for financing used to help the crypto exchange acquire court-approved protection from creditors. After $145 million in crypto assets went missing following Cotten’s death, Robertson provided interim financing for legal proceedings. According to Bloomberg, Robertson paid CA$300,000 (~$225,000), which covered Big Four audit firm Ernst & Young’s (EY) appointment as a…

Coinbase CEO Admits ‘Diligence’ Failing, Boots Hacking Team Expats

March 5, 2019 boss

Coinbase CEO Brian Armstrong has responded to criticisms about betraying the values of Bitcoin and crypto more broadly with its recent acquisition of Neutrino. Those Neutrino team members who previously worked at Hacking Team will “transition out of Coinbase,” the chief executive said late Monday. Hacking Team, one may recall, was a pioneer in selling hacking tools exploited by authoritarian governments to crack down on journalists and dissidents instead of criminals. Congrats to Coinbase on the acquisition of chain analysis startup Neutrino! FYI, the CEO, Giancarlo Russo, was ex-COO of…

Ripple (XRP) Underperforming In a High-Octane Market, is it Undervalued?

March 5, 2019 boss

Ripple price in an uptrend, trading below 34 cents Regulatory clarity will clear the air catalyzing adoption Average transaction volumes are high, doubles in last month Even though Ripple related news is scarce, increasing participation levels point to an accumulation. To that end, we expect today’s double bar bull reversal pattern off 30 cents to act as a base for further higher highs in coming days. Ripple Price Analysis Fundamentals Progress is visible. They may be baby steps, but still, it is a step in the right direction. Of the…

How to Create Your Own SLP Token Using the Bitcoin Cash Blockchain

March 5, 2019 boss

Since the latest Electron Cash SLP version release and the newly published Badger Wallet extension, Bitcoin Cash (BCH) supporters have been creating an abundance of tokens. Because the tokens are so simple to develop, BCH enthusiasts have created tokens for fun, giving them names like ‘XRP Cash,’ ‘Doge Cash,’ and even ‘BSV Cash.’ The following step-by-step walkthrough details how to create an SLP-based token on the Bitcoin Cash network and distribute them to friends and family. Also read: An In-Depth Look at Ethereum’s Maker and Dai Stablecoin Creating a Custom…

Bitcoin (BTC) Prices Responding as Billionaires like Jack Accumulate

March 5, 2019 boss

Bitcoin price up 3.6 percent, finding support from breakout levels Jack Dorsey is accumulating BTC, buys $10k worth every week Current transaction levels low but up from early Feb 2019 High net-worth individuals, it seems, are ramping up at current spot levels. Down 75 percent from 2017 highs, Bitcoin is available at a discount. As interest pick up, the resulting demand could push prices above $4,500. Bitcoin Price Analysis Fundamentals Like every new tech, trailblazing luminaries are often early adopters. It may be ten years since Satoshi Nakamoto rolled out…

Russia Adopts Bill Aimed to Provide Domestic Crypto Legislation in Second Reading

March 5, 2019 boss

Russia’s parliament has adopted in the second reading the bill “On Digital Financial Assets,” aimed at formulating national cryptocurrency legislation, according to a statement published on the parliament’s website on Tuesday, March 5. The State Duma, Russia’s parliament, has adopted amendments to the Civil Code of the Russian Federation on digital rights, which provides a regulatory framework in the field of the digital economy. The bill, “On Digital Financial Assets” — approved in a first reading by the State Duma back in May — has given rise to a lot…

World Isn’t Ready for Bitcoin Yet

March 5, 2019 boss

Billionaire Eugene Kaspersky says bitcoin is a brilliant innovation, but the world is not ready for cryptocurrency just yet. However, the CEO of Russian cybersecurity firm Kaspersky Lab believes that will change — in 100 years. Kaspersky made the remarks in an interview with Arabian Business, during which he denied reports that his Moscow cybersecurity company develops spying technology for Russian intelligence. Bitcoin Adoption Requires New World Order Kaspersky says he believes that digital currencies will eventually overtake paper money in the future. However, he thinks that will require a…

World Isn’t Ready for Bitcoin Yet

March 5, 2019 boss

Crypto Lending Company BlockFi Launches Crypto Accounts With Bitcoin, Ethereum Support

March 5, 2019 boss

Crypto wealth management and lending company BlockFi has launched new cryptocurrency accounts supporting Ethereum (ETH) and Bitcoin (BTC) bearing 6 percent annual interest paid monthly in crypto. The company announced the launch through a post published on its website on March 4. In July last year, crypto-focused merchant bank Galaxy Digital led a $52.5 million fundraising round for BlockFi. Furthermore, according to the March announcement, interest earned in BlockFi’s interest accounts compounds monthly resulting in an annual percentage yield of 6.2 percent. The accounts also reportedly are not entirely new,…