Day: April 13, 2019

Crypto Tidbits: Harvard Goes Crypto, China Bitcoin Mining ‘Ban’, Bakkt Nears

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Another week, another round of Crypto Tidbits. While the Bitcoin price actually stagnated over the past week, falling from $5,450 to $5,000, the underlying industry was as active as ever. Over the past seven days, Harvard formally invested in a crypto asset (not just an industry project), Bakkt moved closer to launch with a key hire, and more news was released regarding Facebook’s blockchain division. Related Reading: Crypto Tidbits: Bitcoin Passes $5,000, SEC Doubles-Down On Crypto, Binance DEX Nears Crypto Tidbits Tim Draper Looks To Invest In Facebook’s Crypto Amid…

Crypto Tidbits: Harvard Goes Crypto, China Bitcoin Mining ‘Ban’, Bakkt Nears

boss

Another week, another round of Crypto Tidbits. While the Bitcoin price actually stagnated over the past week, falling from $5,450 to $5,000, the underlying industry was as active as ever. Over the past seven days, Harvard formally invested in a crypto asset (not just an industry project), Bakkt moved closer to launch with a key hire, and more news was released regarding Facebook’s blockchain division. Related Reading: Crypto Tidbits: Bitcoin Passes $5,000, SEC Doubles-Down On Crypto, Binance DEX Nears Crypto Tidbits Tim Draper Looks To Invest In Facebook’s Crypto Amid…

Is Ripple (XRP) Underpriced Because Remittance is in Demand?

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Ripple prices sliding, down 10.3 percent Remittance services in demand Resona Bank may have disassociated themselves with RippleNet and Money Tap, but the need for remittance service is big, Ripple Inc official has revealed. With Ripple as one of the leading firms offering innovative solutions, XRP may be underpriced. Ripple Price Analysis Fundamentals That the “dreaded” and unrelenting members of the so-called XRPArmy are a tireless lot is true. Concrete research findings reveal that they are bots.  After their successful Binance campaign, they have their muzzle at Skype. As Microsoft…

Recent SEC Guidance on Tokenization

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On Wednesday, April 3, the U.S. Securities and Exchange Commission published much anticipated guidance regarding blockchain and initial coin offerings. Bill Hinman, the Director of the Division of Corporation Finance, and Valerie Szczepanik, the Senior Advisor for Digital Assets and Innovation, developed the SEC’s guidance, a “Framework for ‘Investment Contract’ Analysis of Digital Assets,” which came from the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub). On the same day, the SEC’s Division of Corporation Finance (CorpFin) issued a response to a no-action request, recommending no enforcement action to be taken…

Bitcoin Hovers Near $5,100 as Top Cryptos See Slight Losses

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Saturday, April 13 — most of the top 20 cryptocurrencies are reporting slight losses on the day by press time, as Bitcoin (BTC) hovers just over the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin’s price is up about half a percent on the day, trading at around $5,107 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is also just half a percent higher than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) is holding onto…

Crypto Market Could Bounce Back: Bitcoin Cash, Litecoin (LTC), EOS, XLM Analysis

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The total crypto market cap is currently above the key $158.0B support area. Litecoin (LTC) price declined below the $80.00 support, but it could find support near $75.00. Bitcoin cash price is facing a strong resistance near the $280 and $285 levels. EOS price is still consolidating above the $5.20 support area. Stellar (XLM) price is slowly moving lower towards the key $0.1100 support area. The crypto market could bounce back since bitcoin (BTC) and Ethereum (ETH) are holding key supports. There could be a decent rebound in litecoin, ripple,…

Bitcoin SV Miners Saw Gross Losses of $2.2 Million Since Fork: BitMEX

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A tweet published on April 12 by the research arm of major cryptocurrency derivatives platform BitMEX estimates that Bitcoin SV (BSV) miners have accumulated gross losses of $2.2 million. The report released by BitMEX Research claims that BSV miners perceived a negative gross profit margin of 12% since the coin was created in a hard fork that split Bitcoin Cash (BCH). The estimate is based on mined coin count, current coin prices and lower bound mining electricity costs. The tweet notes that, among costs, the estimate accounts for mining electricity…

Crypto Bigwigs Call to Boycott Bitcoin SV amid Lawsuit Controversy

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Leading figures in the cryptocurrency industry have called to boycott Bitcoin SV, a blockchain project created by Dr. Craig S Wright. Crypto celebrities, including Morgan Creek’s co-founder Anthony Pompliano and celebrated bitcoin activist Charlie Shrem, requested exchanges to delist Bitcoin SV’s native token BSV. In his tweet published April 13, Shrem called Bitcoin SV a “scam,” and Dr. Wright “scammer,” hinting that the project deserved to die. “I’m surprised BSV is even listed anywhere. It’s an obvious scam controlled by an obvious scammer,” Mr. Shrem said. “It goes against the…

US Justice Dept. Convicts Two Romanians of Cybercrimes Including Cryptojacking

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A federal jury has convicted two Romanian alleged cybercriminals of spreading malware to steal credit card credentials and illicitly mine cryptocurrency, an announcement from the official website of the United States Department of Justice revealed on April 11. The malware allegedly spread by the suspects was reportedly used for cryptojacking and to steal credit card and other data that the suspects would have sold on darknet markets and used to engage in online auction fraud. As the Justice Department press release reports, Bogdan Nicolescu, 36, and Radu Miclaus, 37, were…

Get Real-Time and Historical BCH Rates With the Bitcoin.com Price Converter

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With prices of major digital assets constantly in flux, traders need a reliable tool to calculate the value of their crypto holdings in fiat currency. The Price Converter developed by Bitcoin.com is one such instrument that’s accurate and easy to use. Also read: Exchangewar Lets You Compare Crypto Trading Platforms Calculator Provides Conversion Data for BCH and BTC The Price Converter, which is available in the Bitcoin Tools section of the Bitcoin.com portal, supports bitcoin cash (BCH) and bitcoin core (BTC). The calculator gives users real-time rates to convert any…