Bitcoin Pushes Over $5,300 as Most Top Cryptos See Gains

Saturday, April 27 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day to press time. Bitcoin (BTC) has pushed just over the $5,300 mark. Bitcoin is up just under 1% on the day, trading at $5,306 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin has seen almost no change, down just under 1%. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $16.9 billion. The…

Crypto Fund Reveals Abounding Retail, Institutional Interest In Bitcoin (BTC)

Investors Are Coming Back To Bitcoin The Tether ‘FUD‘ may have scared off some skeptics, but there still seem to be investors flooding into the cryptocurrency market. According to a recent tweet from Barry Silbert, the chief executive of industry conglomerate Digital Currency Group, one of his firm’s child companies, Grayscale, has recently raised millions for its family of funds, which includes the ever-popular Bitcoin Trust (GBTC). In fact, Silbert, a Wall Streeter-turned-crypto and blockchain diehard, writes on Twitter that Grayscale secured $20 million in the past week alone, the…

31% Increase In XRP Sales during Q1 Ripple Reports

Ripple payment network reported a 31 percent increase in sales of its cryptocurrency XRP in the first quarter of 2019. A total of $169.42 million worth of XRP tokens were sold in the first three months of this year, compared with $129.03 million during the same quarter last year, the San Francisco-based firm said in a statement. Out of this, $61.93 million in XRP were sold in direct institutional sales – 54 percent more than the previous quarter. A 21 percent growth was recorded in programmatic sales of the cryptocurrency,…

What We Know About the Bitfinex/Tether Scandal

In what seems to be one of the greatest crypto scandals 2019 has seen so far, the United States Attorney General in New York accused Bitfinex of using Tether’s cash reserves to cover a rumored $850 million funding gap with reserves meant for backing the stablecoin. Both companies share the same owner. Now, the crypto exchange and the stablecoin have found themselves in hot water. At least $90 million worth of assets had left the Bitifinex wallets once the accusations were aired, while tether’s USDT peg remains almost unshaken. Does…

The Burst of the Bitcoin Bubble: An Autopsy

Marcello Minenna is the director of the quantitative analysis and financial innovation unit in Consob (Italian Companies and Exchange Commission), —Italian government’s authority responsible for regulating the Italian securities market — as well as an adjunct professor of stochastic finance at the London Graduate School of Mathematical Finance and at Luigi Bocconi University of Milan. He is an economic and financial columnist featured on leading Italian and international publications. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com.…

More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash

On April 27, Electron Cash founder Jonald Fyookball revealed a new milestone for the Cashshuffle protocol when he announced the release of the Cashshuffle JS library. According to Fyookball, the software is a “major step” toward Cashshuffle being implemented into other light wallets. Also read: BCH Developer Builds Onchain Token Auction Console — SLP Agora Cashshuffle Milestone Unlocked News.Bitcoin.com recently reported on the Cashshuffle application getting a lot of traction as the protocol has mixed millions of dollars’ worth of BCH since the Electron Cash launch. Cashshuffle is a BCH…

Despite Tether Concerns, Notable Analysts Remain Bullish On Bitcoin (BTC)

What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted $300 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. As a result of this news, Bitcoin (BTC) dropped by 10% within minutes, plunging from $5,550 on Coinbase to $4,950 in a rapid sell-off. Related Reading: Crypto Divided Over Tether, Some “Unequivocally” Bullish On Bitcoin But since this news broke, cryptocurrencies across the board have recovered, as some have begun to suspect…

NYAG Accusations ‘Filled With Inaccuracies,’ Says Bitfinex Letter to Users

Cryptocurrency exchange Bitfinex stated that the recent allegations by the New York Attorney General (NYAG) about the exchange’s insolvency are “filled with inaccuracies and false assertions.” The exchange made the claim in a letter seen by Cointelegraph, emailed to Bitfinex users today, April 27. The letter was signed by the exchange’s CEO, Jean Louis van der Velde. The letter specifies that the materials brought against the exchange do not constitute a civil or criminal complaint and declares: “In particular, we want to assure you that the allegation that we have…

Bitfinex Debacle Aside, Bitcoin (BTC) May Shoot To $6,000 Due To Historical Trend

Analysts Keep Their Bullish Tone On Bitcoin A number of analysts have become disconcerted as a result of the news that Bitfinex and Tether could be on thin ice, but some have aimed to stay level-headed, looking to technicals and trends to determine where Bitcoin (BTC) could head next. Per a recent analysis from Murad Mahmudov, the chief investment officer at up-and-coming cryptocurrency fund Adaptive Capital, BTC may be poised to move higher in the near future. As he depicts on the above chart, Bitfinex’s current long-to-short position ratio, the…

Samsung Joins Corporate Giants Reportedly Eyeing Bespoke Crypto

Samsung is another big-name company to consider issuing its own cryptocurrency. Similar stories have already emanated from the likes of Facebook and JPMorgan Chase, with analysts speculating on various use cases for these cryptocurrency tokens. While not yet confirmed officially, a “Samsung Coin” could find application as a payment means on the company’s app store and traded on cryptocurrency exchanges. The company has revealed that its flagship Galaxy S10 smartphone will have a built-in cryptocurrency wallet. With these mega-corporations delving into the blockchain scene, it is perhaps important to see…