Day: May 2, 2019

Former Mod Explains R/Bitcoin Censorship and Why He Was Removed

boss

On May 2, the Bitcoin.com podcast series Humans of Bitcoin published an interview with early bitcoin supporter Jason King who became a moderator for Reddit forum r/bitcoin in late 2012. During the interview, King tells podcast host Matt Aaron how the forum r/bitcoin went from a fun area on the web to an environment filled with censorship and manipulation. Also read: Crypto Community Monitors Bitfinex Wallets and the Strange 6% BTC Premium Jason King Recalls Witnessing Heavy Censorship While Moderating R/Bitcoin There’s been many detailed posts concerning the censorship and…

World Gold Council Blinks, Claims Bitcoin’s ‘No Replacement for Gold’

boss

By CCN: Gold may have a value of $7.8 trillion, but it isn’t happy about giving any of that up to bitcoin, the latter of which has a market cap of $97.2 billion. A day after Grayscale unleashed its “Drop Gold promotion, a TV commercial that garnered 100,000 views in less than 24 hours, the World Gold Council is clapping back. Gold’s reputation as a store of value has gone pretty much uncontested for thousands of years – until bitcoin, which has earned the reputation as digital gold in addition…

World Gold Council Blinks, Claims Bitcoin’s ‘No Replacement for Gold’

boss

By CCN: Gold may have a value of $7.8 trillion, but it isn’t happy about giving any of that up to bitcoin, the latter of which has a market cap of $97.2 billion. A day after Grayscale unleashed its “Drop Gold promotion, a TV commercial that garnered 100,000 views in less than 24 hours, the World Gold Council is clapping back. Gold’s reputation as a store of value has gone pretty much uncontested for thousands of years – until bitcoin, which has earned the reputation as digital gold in addition…

Medici-Backed Blockchain Agricultural Project Now in Use in Mexico

boss

Blockchain-powered agricultural project GrainChain has partnered with the Mexican state of Tamaulipas to expand its grain tracking service in the country, Forbes reports May 2. According to the report, the Tamaulipas government is now using GrainChain’s software for tracking major grains such as sorghum, soybean and corn. Implementing GrainChain’s blockchain-enabled tracking tools is expected to bring more transparency in the grain supply chain by automating data records and providing more clarity to the way grain is traced from the field to the end marketplace. GrainChain’s software can purportedly verify the…

Crypto Theft Could Hit $1.2 Billion in 2019, Says Cipher Trace

boss

Crypto theft has greatly reduced this year compared to last year as regulators continue to enhance their scrutiny and the enforcement of anti-money laundering controls. Crypto Theft Could Hit $1 billion Mark Despite being $500 million less than last year, crypto theft could still go well beyond a billion dollars by the end of this year. A quarterly report released on May 1 by Cipher Trace indicates that investigatory specialists had found that over $356 million worth of crypto had been stolen in Q1 2019. The amount stolen includes the CoineBene…

Mega-Banks Joining Ripple Despite XRP Sell-Pressure

boss

Ripple (XRP) prices find support at 30 cents SABB launches Instant Cross-Border Transfer Service With the facilitation of SAMA, the primary regulator in the Kingdom of Saudi Arabia, SABB, is part of the growing RippleNet family after launching Instant Cross-Border Transfer Service that will use XRP. Meanwhile, Ripple (XRP) prices are ranging with support at 30 cents. Ripple Price Analysis Fundamentals The traditional global finance network is rigid. Despite what it offers—and the acknowledgment that it has been steadying world economy thanks to SWIFT and globalization, it has been 43…

Bearish on Bitcoin? This Fidelity Research Will Turn You Into a Raging Bull

boss

By CCN: Fidelity Digital Assets, a subsidiary of the world’s fourth-largest asset manager with $2.46 trillion in assets under management, said in a research paper that institutional investments in bitcoin and other crypto assets are likely to increase over the next five years. The research read: “Nearly half of respondents (47%) appreciate that digital assets are an innovative technology play. 46% find digital assets’ low correlation to other assets among the most appealing characteristic. Financial advisors (74%) and family offices (80%) view the characteristics of digital assets most favorably.” We…

Intercontinental Exchange Used ‘Crypto Winter’ to Scoop Up Digital Assets for Bakkt

boss

Intercontinental Exchange Inc (ICE) purportedly took advantage of the “crypto winter” to purchase crypto assets at a discount for its institutional cryptocurrency trading platform Bakkt, Reuters reported on May 2. ICE’s chief executive officer Jeffrey Sprecher reportedly told Reuters that “It’s really been helpful that the cryptocurrency industry sort of went into what they call a winter.” 2018 was a bear year for digital currencies; in mid-November crypto markets suffered sharp double-digit losses, bringing bitcoin (BTC) below $5,600 for the first time that year. Bakkt —  which was originally set…

22% of Institutional Investors Own Digital Assets

boss

United States-based asset management firm Fidelity Investments released the results of a survey showing that 22% of institutional investors already own digital assets, in a press release published on May 2. The release claims that the firm surveyed 411 U.S. institutional investors among which 40% of respondents said that they are open to future investments in digital assets in the next five years. Furthermore, almost half (47%) of respondents said that they see a place for digital assets in their investment portfolios. Most investors (72%) prefer to buy crypto investment…

Billion-Dollar Amazon Endorsement, But Why is Ethereum (ETH) Flat?

boss

Ethereum (ETH) prices down 3.5 percent After Elon Musk tweet, Amazon announces a tool that scale blockchains Amazon now has an Amazon Managed Blockchain tool that businesses can use to create and manage scalable blockchain networks. It is an endorsement of blockchain, a day after Vitalik replied to Elon, listing opportunities that the platform can execute. Overly, this is bullish for Ethereum (ETH), and resulting demand may help lift prices above $190. Ethereum Price Analysis Fundamentals The blockchain community expects a lot from Ethereum, the pioneer smart contracting platform—and rightly…