Month: March 2019

Bitcoin (BTC) Milestone, Trading Above a 5-Month Liquidation Line

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Bitcoin price trading above $4,200 Crypto analyst places Bitcoin price at $55k after halving Number of confirmed Bitcoin transactions surge to 383,186 With a market cap of $71.9 billion, Bitcoin (BTC) is trading in a bull breakout pattern above a five-month resistance line. That is a milestone and could ready bulls aiming at $6,000 now that OMC data reveals the level of Bitcoin (BTC) demand. Bitcoin Price Analysis Fundamentals After Mar 28 surge in the number of confirmed Bitcoin transactions, it seems like the value-draining crypto winter is drawing to…

Crypto Adoption Could Reduce Demand for US Dollar

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Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts…

Ripple (XRP) Performance Poor despite Increasing Bank Partnerships

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Ripple prices stable but bullish Federal Bank has a partnership with Ripple Inc Increasing prices will lift participation levels above 20 million Fidelity Investment will forge on and develop supporting infrastructure as they aim at hedge funds, pension funds and professional investors despite falling—but recovering digital asset prices. At the same time, Federal Bank, an Indian bank that controls 15 percent of remittance in India will work with Ripple Inc in days ahead. Ripple Price Analysis Fundamentals Still, traders, as well as investors, can feel the reverberation of last year’s…

Bitcoin ‘Maturing’ Rapidly, so Why Can’t Crypto Slay Bear Market?

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By CCN.com: Erik Voorhees, the founder and CEO of ShapeShift, a leading crypto conversion platform, has said crypto is maturing and that despite the price trend of bitcoin and other major crypto assets, the industry has seen growth in key areas in recent months. Crypto is maturing. It is now firmly in its adolescence. — Erik Voorhees (@ErikVoorhees) March 29, 2019 In the past 15 months, the valuation of the crypto market has plunged from $813 billion to $143 billion, by 82 percent, and exchanges have seen an overall decline…

Bitcoin ‘Maturing’ Rapidly, so Why Can’t Crypto Slay Bear Market?

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By CCN.com: Erik Voorhees, the founder and CEO of ShapeShift, a leading crypto conversion platform, has said crypto is maturing and that despite the price trend of bitcoin and other major crypto assets, the industry has seen growth in key areas in recent months. Crypto is maturing. It is now firmly in its adolescence. — Erik Voorhees (@ErikVoorhees) March 29, 2019 In the past 15 months, the valuation of the crypto market has plunged from $813 billion to $143 billion, by 82 percent, and exchanges have seen an overall decline…

Next Bitcoin Halving is Attractive for Investors, Says Top Asset Manager

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Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Greyscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. The firm used those metrics to predict how the bitcoin price would react to the next halving event, which is going to take place on May 24 next year. In retrospective, miners contribute computational power to confirm blocks on the Bitcoin network and…

Japanese E-commerce Giant Rakuten to Launch Its Crypto Exchange in June

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Japanese e-commerce giant Rakuten will launch its own cryptocurrency exchange, dubbed Rakuten Wallet, this June, Cointelegraph Japan reports today, March 29. As per the official announcement from Rakuten, the exchange will start accepting applications for opening accounts on April 15. Rakuten Wallet is set to go live in June. According to Rakuten, its trading platform will allow users to trade digital assets via a smartphone application. Opening an account will be free of charge and customers’ funds will be stored in a cold wallet, the press release notes. The company…

Bitmain Announces Launch Date for Antminer S17 Series

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Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. The news was revealed in an official Bitmain blog post on March 29. As previously reported, the new miners will be fitted with Bitmain’s 7nm (nanometer) ASIC mining chip — dubbed “BM1397” — designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW) — most notably Bitcoin (BTC) and Bitcoin Cash (BCH). Three different Antminer S17 miners have now been specified as…

Bitcoin Payments Surge to New Record: Here’s the Real Trigger

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By CCN.com: The average transactions per Bitcoin block have gone to its all-time high in the past few days, and many people are attributing the rise in operations to a company called Veriblock. Veriblock is said to be creating as many as 20% of the total transactions on the Bitcoin blockchain at this time. The average number of transactions per block is at ATH. Source: https://t.co/XAQailPunX #bitcoin pic.twitter.com/B86lkuh5Iv — Gwented (@Gwented2) March 29, 2019 Veriblock: Proof of Spam? According to Blockchain.info, the current transaction rate is at its all-time high.…

Mt. Gox CEO Decides to Appeal Conviction on Manipulating Financial Records

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Mark Karpeles, former CEO of now-defunct Mt. Gox crypto exchange, has appealed his conviction on charges of manipulating data, The Associated Press (AP) reports on March 29. On March 15, Karpeles was acquitted of charges of embezzlement, but was found guilty of tampering with financial records, with the court stating that he manipulated data to harm his clients, betraying their trust and abusing his engineering skills. The Tokyo District Court reportedly found Karpeles guilty of combining his personal assets with those of the exchange in order to conceal the platform’s…