Day: April 16, 2019

This Price Hurdle May Pave Way for Bitcoin’s Next Leg Up

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View Bitcoin’s rally from April 2 lows below $4,200 has stalled near the three-day chart’s 100-candle moving average (MA), currently at $5,238. A three-day close (UTC) above that MA level could invite buying pressure, leading to a sustained move higher toward $5,500 and more. That bullish close, however, looks unlikely in the short-term, as the cryptocurrency has created a bearish candle on the daily chart, validating signs of bull exhaustion (doji candle) on the weekly chart. A UTC close below $4,948 today would add credence to yesterday’s bearish candle, opening…

Indian Bitcoin Exchange Unocoin Cuts Staff by 50 Percent As Funding Talks Fail

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Indian Bitcoin exchange Unocoin was reportedly forced to let go of half of its staff, this came after talks to raise a new round of funds have failed to conjure up new money for the struggling bitcoin startup. This according to a report by The Economic Times, April 16, 2019. A Tough Regulatory Environment Reportedly, Bengaluru-based Unocoin now only has 14 staffers left after it had to let go half of its office, which came in light of recently failed talks to secure a new round of funding. This figure…

How Crypto Payments Help to Avoid Commissions and Save Money, Explained

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5. Despite all the benefits, you have to make some effort to start trading and to fully understand cryptocurrencies. Purchasing coins for the first time might not be as easy as it seems. First of all, you have to make relevant research to fully understand how crypto works. You have to be aware of blockchain, public and private keys, credible crypto exchanges and, clearly, different coins as well. As you decide on the asset you want to invest in, you also have to choose an exchange or a wallet, comparing…

Facebook CEO Mark Zuckerberg Faces Shareholders’ Backlash

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Photo: Andrew Feinberg / Flickr Troubles for Facebook Chairman and CEO – Mark Zuckerberg – seem to be mounting continuously. This time it’s the Facebook shareholders who have accused Zuckerberg of running the company “essentially as a dictatorship”. In the latest SEC Filing on April 12, shareholders have made some astonishing revelations against Zuckerberg. Moreover, the shareholders have made several proposals wanting Zuckerberg to step down from his chair. These proposals are likely the preparations for Facebook’s upcoming shareholder meeting next month on May 30. Facebook is already facing the…

Coincheck Owner Mulls Addition of Crypto to Its Retail Offerings

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Online brokerage Monex Group Inc., owner of the hacked Japanese crypto exchange Coincheck, is considering adding crypto to its retail client offerings in a bid to become more competitive in the local brokerage market. The news was reported by Bloomberg on April 15. As previously reported, Monex acquired Coincheck in April 2018 in the wake of the exchange’s industry record breaking $532 million hack in January of that year. According to Bloomberg, Monex now sees its Coincheck involvement as potentially instrumental in restoring its erstwhile market dominance. Founded in 1999,…

ICO fines funeral plan firm and asks public to help elderly relatives to report nuisance calls

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The Information Commissioner’s Office (ICO) wants people to support their elderly relatives or neighbours if they are receiving nuisance marketing calls.  The appeal came as a company selling funeral plans was fined £80,000 for making unlawful marketing calls to people who had made it explicitly clear they didn’t want to receive them. The ICO launched an investigation after a national newspaper had reported allegations of illegal practices at a call centre at Handforth Dean in Wilmslow, Cheshire, run by a company which at the time was called Plan My Funeral…

Bitcoin SV (BSV) Touches 2019 Low as Crypto Exchanges’ Boycott Accelerates

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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. By CCN.com: Bitcoin SV (BSV) is off to a gloomy start this week as the cryptocurrency dips up to 33.78-percent over the past seven days. The cryptocurrency hit a fresh…

Algorand Expands Testnet Platform to Public Ahead of June Mainnet Release

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Digital currency and transaction platform Algorand has released its public testnet to gather feedback on its product, the company confirmed in a press release on April 16. Algorand, the brainchild of Massachusetts Institute of Technology (MIT) professor Silvio Micali, seeks to build an app development platform for enterprises. The project previously obtained $66 million in funding, releasing the testnet to a limited group of participants prior to the public rollout. Among them was Top Network, a decentralized cloud communication service which subsequently formed a partnership with Algorand to develop its…

Cryptocurrency Exchange OKEx Decides Not to Delist Bitcoin Satoshi Vision

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Major cryptocurrency exchange OKEx announced that it decided not to delist bitcoin satoshi vision (BSV) in a series of tweets published on April 16. OKEx is currently ranked first on CoinMarketCap of exchanges by adjusted trading volume, with $1.3 billion in 24 hour volume. Per the announcement, the exchange verified that BSV currently doesn’t meet the OKEx delisting and hiding criteria after reviewing its technology development, liquidity and compliance. The last tweet further explains the stated reason behind the decision: “As a neutral platform, OKEx respects the efforts of all…

LedgerX Makes Bid to Launch Physically-Settled BTC Futures Product for Retail Investors

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United States-regulated crypto derivatives and clearing platform LedgerX is eyeing the launch of a physically-settled bitcoin (BTC) futures contract, crypto news outlet The Block reported on April 15. LedgerX, which is overseen by the U.S. Commodities Future Trading Commission (CFTC), has reportedly applied for a designated contract market license that would allow it to launch the new futures product. Whereas the BTC futures contracts currently listed on CME are ultimately settled in fiat, a physically-settled version would see traders paid out in bitcoin upon contracts’ expiration. According to LedgerX co-founder…