Day: April 28, 2019

Bitcoin (BTC) Unlikely To Surmount $6,000 Until Late-2019, Historical Analyst Suggests

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Bitcoin May Remain Trapped Under $6,000 For Now Analysts, like Crypto Rand, fully expect for Bitcoin (BTC) to soon break past the $6,000 resistance level. However, one analyst going by “Wusten” recently argued that if cryptocurrencies follow their historical long-term trends, BTC may remain trapped under $6,000 until late-2019 or even 2020. In a recent Twitter post, Wusten noted that Bitcoin follows long-term (three or four year) cycles that see BTC rally parabolically higher each time. According to his analysis, Bitcoin has recently exited the capitulation phase, which saw the…

Funding for ProgPoW 3rd-Party Audit Approved

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Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units of decentralized, Ethereum-based USD-pegged stablecoin DAI had been reached. The funds were reportedly crowd-sourced through donations. Jameson noted that the audit is set to begin “this week or next week hopefully.” ASIC refers to mining…

Top 5 Crypto Performers: BTC, XEM, BSV, ETH, BNB

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data provided by HitBTC exchange. Altcoins led the rally this week from the lows with bitcoin (BTC) lagging behind. After a sharp up move, it was natural for traders to book profits on their quick gains. While altcoins have pulled back sharply from their recent highs, bitcoin has held up quite…

Singapore VC GBCI Announces $100M Venture Built Project – Building Cities Beyond (BCB) Blockchain

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Singapore-based GBCI Ventures (GBCI) has announced a new project backed by a massive 100+ team and a good part of $100m venture fund called Building Cities Beyond (BCB) Blockchain. BCB Blockchain protocol is the foundation for building smart city solutions and has APIs ready for use for the development of applications, such as asset ledgering, eWallets, and payment systems. It also has an ecosystem built to support the development of successful smart city solutions, including real-world implementation in an actual city. BCB is founded by GBCI with a team of…

Singapore VC GBCI Announces $100M Venture Built Project – Building Cities Beyond (BCB) Blockchain

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Singapore-based GBCI Ventures (GBCI) has announced a new project backed by a massive 100+ team and a good part of $100m venture fund called Building Cities Beyond (BCB) Blockchain. BCB Blockchain protocol is the foundation for building smart city solutions and has APIs ready for use for the development of applications, such as asset ledgering, eWallets, and payment systems. It also has an ecosystem built to support the development of successful smart city solutions, including real-world implementation in an actual city. BCB is founded by GBCI with a team of…

Port of Rotterdam Bullish on Blockchain – Powering Forward with New Projects

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The Port of Rotterdam has reported that the first blockchain applications in the Netherlands maritime hub are ‘beginning to take shape’, with Blocklab – a joint venture between the port authority and the Municipality of Rotterdam carving the way. In a recent statement, the Port of Rotterdam said that the Blocklab team, led by Aljosja Beije and Janjoost Jullens, is concentrating on two ‘domains’: logistics and energy. advertisement Blockchain is extremely suitable for coordinating processes in decentralised networks of companies and institutions. In a network without central leadership, trust is…

Bitfinex Premium Continues To ‘Rally’ Even After Bitcoin (BTC) Stabilizes, Tether Fears Subside

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If you’ve checked Crypto Twitter or *insert your favorite trade publication* over the past 72 hours, NewsBTC is sure that the Tether and Bitfinex news, along with the effect this debacle has had on the Bitcoin (BTC) price, has been on your radar. But if you are somehow unaware, here’s a brief recap: On Thursday, the New York Attorney General’s (NYAG) office published a press release, in which it was stated that Bitfinex and Tether were in violation of New York law through participation in activities that “may have defrauded” local cryptocurrency…

Bitfinex Premium Continues To ‘Rally’ Even After Bitcoin (BTC) Stabilizes, Tether Fears Subside

boss

If you’ve checked Crypto Twitter or *insert your favorite trade publication* over the past 72 hours, NewsBTC is sure that the Tether and Bitfinex news, along with the effect this debacle has had on the Bitcoin (BTC) price, has been on your radar. But if you are somehow unaware, here’s a brief recap: On Thursday, the New York Attorney General’s (NYAG) office published a press release, in which it was stated that Bitfinex and Tether were in violation of New York law through participation in activities that “may have defrauded” local cryptocurrency…

Bitcoin (BTC) Returning To $4,000 Off The Bitfinex, Tether News Might Not Be Bearish

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Analysts remain divided over how the news that crypto exchange Bitfinex and Tether Limited (USDT’s issuer) are currently in a precarious financial situation will affect Bitcoin (BTC). One analyst has remarked, however, that BTC moving lower off this news might not be bearish. A Brief Recap On Thursday, the New York Attorney General’s (NYAG) office published a press release, in which it was stated that Bitfinex and Tether were in violation of New York law through participation in activities that “may have defrauded” local cryptocurrency investors. Letitia James, the Attorney General herself,…

MakerDAO CTO Departs, Points to Internal Conflicts

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Andy Milenius, formerly the chief technology officer at MakerDAO, published an open letter dated April 3 explaining his concerns over the project’s internal conflicts. MakerDAO is the  company behind the decentralized algorithmic Ethereum-based stablecoin DAI as well as the governance token Maker (MKR). In his 24-page-long letter, Milenius describes a conflict between his ideas of equal workspace and democratization true to a Decentralized Autonomous Organization (DAO) and his fellow executives’ desire for a traditional corporate efficiency. The text accuses Rune Christensen, the CEO of the company, of having tried to…