March 25, 2019

Owner of ICO That Never Happened Attempts to Sell Project on eBay for $60,000

March 25, 2019 boss

The owner of a startup that never launched its initial coin offering (ICO) is trying to sell the project on eBbay for $60,000, according to an offer on the e-commerce website that expires Friday, March 29. The startup, named “Sponsy,” is described as a blockchain project that is fully prepared to launch both ICO and security token offerings (STO). The author of the offer claims that the project was audited by an investment firm and approved by investment bankers. Moreover, the advertisement states that the solutions developed by Sponsy comply…

Bitcoin (BTC) Dominance Drop to 50 Percent, will Sell-off Boost Altcoins?

March 25, 2019 boss

Bitcoin Prices slumping Solactive and CMC launching two crypto indices Transaction volumes less than half those of late Feb CMC in partnership with Germany’s Solactive will launch two crypto indices. Data broadcasts will be from several terminals including Bloomberg’s GDIS and Börse Stuggart. With information based on performance, Bitcoin (BTC) traders will be better equipped and trade accordingly. Bitcoin Price Analysis Fundamentals At the time of writing and drawing data from CoinGecko, Bitcoin enjoys a dominance of 50 percent with a market cap of roughly $69,994 million. If anything, this…

Bitcoin Blockchain Costs Approx. $7 Million a Day to Stay Secure

March 25, 2019 boss

It takes an average of $7 million every day to secure the Bitcoin blockchain network, according to Messari. The cryptocurrency data portal published a new screener this Monday which outlined the revenues paid to miners for top proof-of-work coins. The Screener based its figures on new issuance and transaction fees, eventually finding that Bitcoin produced the maximum output among all the PoW assets, issuing $7.392 million worth of bitcoin tokens every 24 hours and distributing over $115,000 in mining fees. Source: Messari In contrast, Ethereum’s daily issuance rate was almost…

Bitcoin is Nothing More Than ‘Bovine Excrement’: Berkeley Researcher

March 25, 2019 boss

Move over, Jamie Dimon, because there’s a new contender for the coveted title of “king bear of the bitcoin-bashing brigade”: technologist Nicholas Weaver. Technologist Nicholas Weaver Rants Against Bitcoin While he might not have the mainstream name recognition of Jamie Dimon, or Warren Buffett, or even Nouriel Roubini, Weaver – a senior researcher at the International Computer Science Institute at Berkeley – has proven that he can sling bitcoin barbs like the best of them. Nicholas Weaver is a contender to lead the bitcoin-bashing brigade. | Source: ICSI/Berkeley Speaking during…

Bitcoin is Nothing More Than ‘Bovine Excrement’: Berkeley Researcher

March 25, 2019 boss

Broker Launches ‘Trading Ideas’ Tool — Incentivizing Experts to Share Insights on Crypto

March 25, 2019 boss

A contract-for-difference (CFD) broker says its platform is one of the first to operate in both crypto and fiat currencies — with a simple interface that’s designed to appeal to new and advanced traders alike. SimpleFX says that it already boasts more than 200,000 active traders around the world and aspires to become “the go-to app for the new generation of mobile-first traders.” In order to achieve this objective, the company has added social features that deliver a social element to its platform — giving experienced traders an opportunity to…

Bitcoin Holds $4,000, British Pound Loses to USD as Brexit Anticipation Grows

March 25, 2019 boss

Monday, March 25 — crypto markets have continued trading sideways, with Bitcoin (BTC) holding the $4,000 threshold at press time, according to data from CoinMarketCap. Most of the top 20 cryptocurrencies by market cap are in the red today, with Cardano (ADA) dropping by more than 4 percent to press time, while Tezos (XTZ) is up almost 5.7 percent over the past 24 hours to press time. Bitcoin has been stable over the day, seeing a slight decline of around 0.2 percent at press time. The biggest cryptocurrency is trading…

E-Commerce Firm Rakuten Readies Cryptocurrency Exchange for April Launch After Name Change

March 25, 2019 boss

Japanese e-commerce giant Rakuten has completed registration of its cryptocurrency exchange Rakuten Wallet, which will go live next month, the company confirmed in a press release on March 25. Rakuten, which follows several major Japanese tech players in entering the crypto exchange market, renamed its product from Everybody’s Bitcoin earlier this month. The company had acquired the exchange under the former name in August last year for 265 million yen (at the time $2.4 million). Following a consolidation period during which Rakuten made changes to its structure, executives have now…

Cardano Run Could Give Bitcoin (BTC) A Helping Hand To $5,000

March 25, 2019 boss

Cardano 25% Weekly Gain Is More Than Meets The Eye Over the past week, Cardano (ADA) has absolutely soared. Maybe it was Charles Hoskinson’s rallying cries at a number of events, but more likely than not, it was the project’s recent release of its 1.5 release, the first major update since Ouroboros. ADA is up by 25% in the past week, while Bitcoin and other assets have remained effectively flat. But interestingly, analyst Credible Crypto claims that ADA’s rally could be the red carpet being rolled out for Bitcoin, so…

Fintech Firm trueDigital Expands Over-the-Counter BTC, ETH Reference Rate Distribution

March 25, 2019 boss

New York-based fintech infrastructure provider trueDigital Holdings (TDH) is partnering with crypto data firm Kaiko and digital assets analytics company Inca Digital Securities to widen the distribution of its over-the-counter (OTC) reference rates for Bitcoin (BTC) and Ethereum (ETH). The development was shared with Cointelegraph in a press release on March 25. As reported last year, TrueEX created TDH as an affiliate in March 2018, immediately announcing a TDH partnership with prominent blockchain tech firm ConsenSys (created by Ethereum co-founder Joseph Lubin) to create a benchmark rate for the price…