Day: May 3, 2019

CME Group’s Net Income Falls 17% in Q1 Amid Record BTC Futures Trading Volume in April

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United States derivative market CME Group has reported a 17% fall in net income for the first quarter, according to a news release on May 1. Despite revenues rising over the three-month period, earnings stood at $497 million, compared with $599 million this time a year ago. CME Group chairman and chief executive Terry Duffy said the results amounted to the third-highest quarterly volume in its history “despite low levels of volatility in several product areas.” The group’s revenue had hit record highs in Q1 2018, with volatility in the markets helping…

CMC Telecom, Akamai to Prevent DDoS Trading Floor Attacks for Blockchain Startups

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Vietnam’s CMC Telecom and American cloud service provider Akamai have signed a joint agreement to deliver security services to a blockchain-based trading floor, according to a report shared on CMC’s website on May 2. Akamai is one of the biggest global distributed computing platforms, with revenue in 2017 of more than $2.5 billion. Both providers are going to give support to BCNEX, which offers support services for blockchain-based startups in Vietnam. According to the report, the aim of the partnership is to keep user data safe and prevent distributed denial-of-service (DDoS) attacks. The…

Bitcoin Dominance Soars Above 55% After Meteoric Rise to 2019 High

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The bitcoin price on Friday jumped 7.48 percent to establish a fresh five-month high towards $5,864. The uptrend further pulled altcoins out of their bias conflict scenarios. Ethereum, for instance, printed 4.5 percent gains against the dollar in the last 24 hours. Similarly, XRP, EOS, Bitcoin Cash, Litecoin, and others also trended in positive territory after a week of sideways action. Bitcoin Price Establishes Fresh 2019 High | Source: CMC Nevertheless, the top altcoins underperformed against bitcoin. The last 24 hours saw Ethereum dropping 1.85 percent of its value against…

NYSE Owner is Buying Bitcoin at Cheap Prices Ahead of Bakkt Launch

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By CCN.com: The bitcoin bear market of 2018 was a disaster for most crypto fans, but it was a boon for the highly-anticipated cryptocurrency trading platform Bakkt. That’s the opinion of NYSE chairman Jeffrey Sprecher, the CEO of Bakkt’s parent company, Intercontinental Exchange (ICE). Sprecher’s ICE — along with Microsoft, Starbucks, and BCG — is bankrolling Bakkt, whose CEO is Sprecher’s wife, Kelly Loeffler. sprecher: bitcoin winter was good for bakkt Sprecher tried to put a positive spin on the Crypto Winter by saying it gave Bakkt time to build…

Bitcoin Price Hits New 2019 ATH, Exceeds $100B Market Cap

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Following Bitcoin, all cryptos are seeing growth in their prices. Some have increased slightly, others are enjoying a hike.  Bitcoin (BTC), crypto number one, has proved its leading position again reaching a new high and marking a record of 2019. Its market capitalization has hit $100 billion and currently makes up $102,8 billion, according to CoinMarketCap. Bitcoin market capitalization has exceeded $100B USD first time since November 2018 https://t.co/zPHY1mpkUd — Coinspeaker (@coinspeaker) May 3, 2019 In the last 24 hours, the Bitcoin price has seen a 6.74 percent growth. At…

Analysts Flip Bullish En-Masse As Bitcoin Price (BTC) Blips Past $5,700

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Over the past 48 hours for some reason or another, Bitcoin (BTC) bulls have begun to return en-masse. As of the time of writing this, BTC is currently trading at $5,590, finding itself up by around 6% in the past 24 hours. Crypto assets as a whole have yet to post similar gains, leading some to postulate that Bitcoin’s recent rally has much to do with the Tether and Bitfinex news, but some are sure that BTC will continue higher in the near-term. Related Reading: Bitcoin Price Rise After Tether…

Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

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The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a statement obtained by the website, the central bank said it had received reports of several scams targeting those who lack understanding about virtual currencies. Authorities in Myanmar, also known as Burma, say the likes of bitcoin (BTC,) ether (ETH) and litecoin (LTC) are being traded in the country through Facebook profiles as well as websites. According to the report, the central…

Bitcoin Breaks Multiple Supports to Trade Above $5,800 as All Top 20 Coins Rally

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Friday, May 3 — the crypto markets have rallied today, with bitcoin (BTC) breaking new 2019 highs. All the top 20 cryptocurrencies by market cap are seeing significant gains over the past 24 hours, as well as over the past 7 days to press time. Market visualization from Coin360 Bitcoin has broken multiple price thresholds over the day, having surged to as high as $5,854 from an intraday low of $5,448. At press time, the biggest cryptocurrency is trading at $5,808, up 6.5% over the past 24 hours. Following a…

Buy Bitcoin Before Next Bull Run in H2 2019, Fundstrat Analyst Advises

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Bitcoin’s (BTC) price may pull back soon, but investors should leverage it to buy more, Bloomberg quoted market strategy firm Fundstrat Global Advisors as saying on May 3. In a note to clients on May 2, Fundstrat analyst Robert Sluymer said that while bitcoin’s current strength marks the start of a longer-term bullish trend, the accumulation phase is not yet over. BTC/USD has climbed throughout this week to hit 2019 highs on Friday, continuing on to achieve its highest levels since November 2018’s breakdown. “Use pending pullbacks to continue accumulating…

Singapore Central Bank Says It ‘Does Not See Much’ in Ripple’s Cryptocurrency

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A senior official from Singapore’s de facto central bank said it cannot find potential in payment network Ripple in comments during a conference panel on May 2. Speaking at MIT’s 2019 Business of Blockchain event, Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore (MAS), discussed the city state’s pro-blockchain stance and its progress implementing the technology at a national level. Mohanty was commenting on the back of a cross-border payment trial that MAS conducted with Canada’s central bank earlier this week. Formed by linking up the two…