Bitcoin (BTC) Set To Rally Past $5,800 Next Week If Litecoin’s Trend Is Replicated

Litecoin Is To Bitcoin As A Shepherd Is To Sheep For some reason or another, Litecoin’s price action has been an eeire precursor to that registered by Bitcoin (BTC). In fact, LTC’s surge past $60 in late-March seemingly predicted Bitcoin’s similar move to and past $4,200, $4,400, and $4,800 in rapid succession. In late-March, before the recent tumultous price movement went down, trader and commentator Halo Crypto argued that LTC’s sudden move past $60 could set a strong precedent for a Bitcoin run in the near future. With LTC/BTC then…

Bitcoin (BTC) Set To Rally Past $5,800 Next Week If Litecoin’s Trend Is Replicated

Litecoin Is To Bitcoin As A Shepherd Is To Sheep For some reason or another, Litecoin’s price action has been an eeire precursor to that registered by Bitcoin (BTC). In fact, LTC’s surge past $60 in late-March seemingly predicted Bitcoin’s similar move to and past $4,200, $4,400, and $4,800 in rapid succession. In late-March, before the recent tumultous price movement went down, trader and commentator Halo Crypto argued that LTC’s sudden move past $60 could set a strong precedent for a Bitcoin run in the near future. With LTC/BTC then…

Canadian Crypto Exchange QuadrigaCX Officially Declared Bankrupt

Canada’s major cryptocurrency exchange QuadrigaCX has been officially declared bankrupt, local media outlet CBC reported on April 8. Quadriga’s bankruptcy was reportedly approved today by Nova Scotia Supreme Court Justice Michael Wood, and follows the court monitor Ernst & Young’s (EY) recommendation that it should be declared bankrupt earlier this month. EY’s legal team then argued that the ongoing restructuring process for QuadrigaCX under the Companies’ Creditors Arrangement Act (CCAA) should shift to an alternative process under the Bankruptcy and Insolvency Act (BIA). The ruling now grants EY enhanced investigative…

Facebook Seeking $1 Bln in Venture Capital for Crypto Project

Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8. Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line with the crypto community’s decentralized ethos: “Given that one of the big allures of blockchain projects is the decentralization, getting outside investors could help Facebook present the…

Coinbase Pro Adds Support for Three New Tokens: EOS, Augur and Maker

Coinbase Pro, the professional offering of major American crypto exchange and wallet service Coinbase, has added support for EOS (EOS), Augur (REP) and Maker (MKR). The development was announced in a blog post on April 8. The post states that the platform now accepts inbound transfers of EOS, REP and MKR, and will be accepting deposits for at least 12 hours before enabling trading. Trading on order books will be available once sufficient liquidity is established. In the post, the company notes that Coinbase Pro will add support for EOS…

Western Union Partners With E-Wallet Coins.ph for Cross-Border Remittances

American financial services company The Western Union Company has partnered with Philippines-based e-wallet provider Coins.ph to enable Filipinos to conduct cross-border money transfers. The development was announced in a press release published on April 3. Within the collaboration, Western Union will purportedly integrate the Coins.ph blockchain-based platform into its cross-border platform, enabling users in the Philippines to receive and hold international money transfers directly into their Coins.ph wallets. Prior to using the new services, customers reportedly have to register for Coins.ph wallet, provide a valid ID, and pass electronic Know…

Zcash Exercises Restraint as the Antminer Z11 Release Approaches

Bitmain, the largest manufacturer of mining equipment, recently revealed the Antminer Z11 device for mining Zcash and other cryptocurrencies based on the Equihash algorithm, as reported by Cointelegraph on March 19. The company claims that the new chip is three times more powerful than its predecessor, the Antminer Z9, which was released nine months ago. Introducing the #AntminerZ11 that packs 3X more hashing power than its predecessor! The Z11 mines #Zcash under the Equihash algorithm. Performing with a hash rate of 135 KSol/s and power consumption of 1418 W. Click…

Cryptocurrency Witnesses Better Returns than Equities This year

Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide. CCI30 Increases by 40% Since the beginning of this year, the CCI30 (Cryptocurrency Index 30) has gained as much as 40%, reversing the initial downtrend. Cryptocurrencies like Bitcoin (BTC), which witnessed a drop in the middle of…

Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin

A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000 in Bitcoin (BTC), tech news agency The Next Web reports April 8. Citing a press release from Danish Police, the report says that the criminal pleaded guilty to laundering 3 million Danish kroner that came from criminal activity. The crypto launderer reportedly exchanged the dirty money in Bitcoin and sent the funds to his accomplices via accounts of unspecified foreign crypto exchanges. Danish police reportedly detected the intruder through an…

Bitcoin Exchange Bgogo Launching “IEO” as IOU – Without Consent

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Bgogo is an exchange which isn’t listed in the top 100 exchanges by adjusted volume. They reported an impressive $500+ million in the past 24 hours. Adjusted volume on CoinMarketCap.com…