Day: March 27, 2019

New Partnership Purports to Create First Approved Crypto Exchange in Vietnam

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Vietnam’s largest distribution company Linh Thanh Group has signed a memorandum of understanding (MOU) with Swiss blockchain company KRONN Ventures AG to establish a cryptocurrency exchange, according to a press release published on March 22. The collaboration is designed to facilitate the production of digital currency and the creation of a cryptocurrency exchange in Vietnam, to which the companies have supposedly received an appropriate license. According to the press release, the new exchange will be the first authorized crypto exchange to operate in Vietnam. The establishment of an authorized cryptocurrency…

Bitmain Investors Could File a Class Action Lawsuit Against Company, Says Critic

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A critic of cryptocurrency mining giant Bitmain, BTCKING555,  said that a group investors are preparing a class action lawsuit against the company in a tweet on March 26. BTCKING555 said in the post that a number of Bitmain’s investors are going to file a class action lawsuit against the company in Hong Kong, seeking to recover their investments after the expiration of Bitmain’s initial public offering (IPO) bid. The post reads: “…already in august I warned many investors and prevented them from investing. Those that did not listen, good luck…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Various sectors are opening up to the vast potential of blockchain technology. This will result in a 44.5 percent compound annual growth rate in the blockchain space between now and 2025, according to a recent report. Spending in the space will purportedly increase from…

Crypto Exchange CoinBene Denies Hacking Rumors Amidst Disturbing Trend

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The fully digital and nascent nature of the crypto markets has made exchanges major targets of nefarious actors, and news of exchanges being hacked has plagued the markets since their early days, starting with the notorious Mt. Gox hack that sent shockwaves through the entire crypto industry. As of late, there seems to be a growing trend of smaller and less well-known crypto exchanges falling victim to devastating hacks, with DragonEx being the latest victim. Now, CoinBene is the latest exchange that has been rumored to be hacked, although the…

TechCrunch Founder’s Digital Asset Firm Acquires Crypto-Focused Private Fund

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Digital asset management firm Arrington XRP Capital has merged with cryptocurrency-focused private fund and research house ByteSize Capital, according to an official announcement published on March 27. With the merger, ByteSize Capital’s co-founders Ninor Mansor and Ninos Mansor have also joined Arrington XRP Capital as partners, along with founding partners Heather Harde and Michael Arrington. Per the terms of the acquisition, Arrington XRP Capital will take on ByteSize’s proprietary investing suite for navigating cryptocurrency markets, accumulating data and quantitative backtesting. The aforementioned systems will be added to Arrington XRP Capital’s…

BitTorrent to Release P2P Social Media App BitTorrent Live in Q2 2019

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Tron (TRX)-owned peer-to-peer (p2p) software company BitTorrent announced that it will release the public beta version of its decentralized social media app BitTorrent Live in Q2 2019 in a press release on March 27. Per the release, the company started offering early access to the BitTorrent Live streaming service today. The app, a video-based social media platform seemingly similar to Snapchat and TikTok, allows its users to create live content and connect with other people through mobile devices. The service will also reportedly let its users livestream from anywhere they…

Wuabit Service Means Users Can Send Crypto through WhatsApp

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According to Medium, Bitcoin and other cryptocurrencies will be able to be sent through the WhatsApp messaging service. A new crypto wallet service developed by Wuabit will mean the sending of crypto via WhatsApp. Wuabit The Wuabit service will give users access to their tokens through WhatsApp. In essence, the wallet will appear linked to WhatsApp and is capable of all the regular wallet functions. This includes sending, receiving, and trading crypto assets. According to Wuabit, it is a “cryptocurrency wallet accessible via a chat interface.” The Wuabit team is planning on…

3 Bearish Factors That Will Slaughter This Bitcoin Price Rally

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By CCN.com: The bitcoin price on Wednesday extended its rebound from $3,859, surging as much as 2.80-percent since the Asian session to crack $4,000 on most major crypto exchanges. As of 18:20 UTC, the bitcoin-to-dollar exchange rate was trading at $4,011, down 0.52-percent from the session high at $4,032. The marginal downside correction didn’t interrupt the market’s intraday bullish bias. However, the bitcoin surge came alongside declining volumes, which cast doubt on the uptrend’s durability in the medium-term. Unfortunately for the bulls, the charts seem to favor the bears, as…

Inverse Bitcoin Price Chart Fractal Could Hint Where Crypto Market Moves Next

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While crypto investors often argue over the merit of technical analysis, there’s no denying that Bitcoin price charts and that of other most popular crypto assets – or any asset type for that matter – show repeating chart patterns that may indicate where a market may move next. Occasionally, the same pattens occur in order of sequence. This occurrence is called a fractal, and are often created by the emotional state of market participants. One prominent crypto analyst has discovered a potential inverse fractal in Bitcoin price charts that may…

Crypto Markets Rally, While Palladium and Oil See Decline

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Wednesday, March 27 — cryptocurrency markets have entered the green zone after yesterday’s slight decline. Bitcoin (BTC) has reclaimed its position and is hovering above the $4,000 price mark. Market visualization from Coin360 The leading cryptocurrency Bitcoin is up 2.34 percent on the day, and is trading at $4,061 as of press time. Yesterday, March 26, BTC dropped under $4,000, and started the day at $3,962. On its weekly chart, Bitcoin’s deepest and highest points were $3,934 and $4,091 respectively. Bitcoin 24-hour chart. Source: CoinMarketCap Ethereum (ETH) has gained 3.48…