Day: May 3, 2019

$212M in Bitcoin Moved for Just $4, Do We Still Need Banks?

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Photo: QuoteInspector The crypto world is always buzzing with activities. Latest reports reveal that an infamous Bitcoin ‘whale’ has moved a large amount of cryptocurrency in a single transaction. The whale, known as ‘Loaded’ is an old-school investor. They are famous for their posts on mainstay forum BitcoinTalk. The investor has held 40,000 BTC for years and they move it around often. This time, Loaded paid the Bitcoin blockchain just 0.00074227 BTC ($3.93) to send $211.9 million worth of censorship-resistant digital money. In January 2018, Loaded moved 40,000 BTC ($435 million)…

Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard

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Social media giant Facebook is seeking investments worth $1 billion for its rumored cryptocurrency stablecoin, the Wall Street Journal (WSJ) reported on May 3. Citing people familiar with the plans, the publication revealed Facebook was currently talking to major payment networks Visa and MasterCard about potential support, along with payment processor First Data Corp. The cryptocurrency project, dubbed “FB Coin,” has fuelled rumors for around a year that Facebook wants to provide in-house payments to users. As more information trickles down to the outside, it appears various options are under…

Domino’s Pizza Malaysia & Singapore to Integrate DLT-Based AI for Logistics

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The Singapore and Malaysia division of Domino’s Pizza has partnered with SingularityNET to implement its blockchain-powered artificial intelligence (AI) technology, the Domino’s division confirmed to Cointelegraph on May 2. Within the new partnership, SingularityNET will incorporate AI algorithms and solutions in Domino’s operations to improve its supply chain processes and logistics in Malaysia and Singapore, a SingularityNET press release shared with Cointelegraph notes. According to the announcement, the strategic partnership aims to improve the food industry giant’s business operations by conducting feasibility studies, running AI-focused workshops and developing new algorithms…

Bitcoin Price Spikes to Fresh 5-Month Highs Above $5,700

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View Bitcoin has printed a 5.5-month high of $5,714 today, reinforcing the bullish view put forward by the cryptocurrency’s recent bounce from the 30-day moving average and April’s bullish close above the 21-month exponential moving average. BTC appears on track to test the psychological resistance of $6,000 soon. A UTC close below the 30-day MA at $5,221 would abort the short-term bullish setup. A failure to secure a weekly close (Sunday, UTC) above the 50-week moving average, currently at $5,418, could invite profit taking, yielding a fall back to $5,000.…

Bitcoin Cash Transactions are up Four Fold in 2019

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The Bitcoin Cash (BCH) blockchain’s daily processed transactions has increased by 400% since the start of the year, as per a Tweet from LongHash, May 02, 2019. This comes in light of the Bitcoin (BTC) Mempool reaching yearly highs. Record High Output Bitcoin Cash has seen a huge influx in transactions processed in 2019. In Read MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News Original

Berkshire Buying Amazon (AMZN) Stock, Buffet Says He Didn’t Do It

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Berkshire Hathaway just bought its first Amazon shares but Warren Buffet said it wasn’t him who did it even though he publicly praises both Amazon and its CEO Jeff Bezos. Pretty much everybody have jumped on the news that Berkshire Hathaway has been buying shares of Amazon. However, their CEO Warren Buffett says he isn’t the one behind the purchases. “One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F.” Buffett was referring to either Todd Combs or…

Bitcoin Jumps 4% to New 2019 High Boosted by $20,000 Trigger Indicator

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By CCN.com: The bitcoin price has increased from $5,341 to $5,587 on Coinbase, getting close to surpassing a 2019 high at $5,594. In some crypto major markets, the bitcoin price surged past $5,600. The bitcoin price is up around 4 percent in the past 24 hours (source: coinmarketcap.com) According to Peter Brandt, a technical analyst and a best-selling author, a technical indicator called the Factor’s benchmark weekly moving average (MA) has formed a similar structure it showed in 2015. “The last time Factor’s benchmark weekly MA was in the current…

Institutional Investors Will Flood the Crypto Market within Next 5 Years: Fidelity

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Photo: Fidelity Investments / Twitter Fidelity Investments, multinational financial services corporation with $2.5 trillion in assets under management, has carried out research to find out what investors think of digital currencies. As the research results show, the interest of institutional investors to cryptos is likely to increase over the next five years. We asked: what do institutions really think about #digitalassets? https://t.co/3Lq5h5ITbT — Fidelity Digital Assets (@DigitalAssets) May 2, 2019 Fidelity Investments surveyed 441 institutional investors from the USA, including pensions, hedge funds, financial advisors, and endowments. 22 percent of…

Facebook is Quietly Building Crypto-Based Payments System

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Facebook CEO Mark Zuckerberg recently hinted that the company is likely to double-down its plans towards e-commerce and online payment systems. On Thursday, May 2, the Wall Street Journal reported that Facebook is secretly working on its cryptocurrency-based payments system. The social media giant is reportedly in talks with several e-commerce companies and financial giants to work on this project. Since the beginning of 2019, Facebook seems to have accelerated working on its crypto plans. Although the company hasn’t been much vocal about it, different industry sources surely suggest that.…

Bitcoin (BTC) Could Breach $330,000 In 2021 If 2017’s Bull Run Is Mirrored

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Bitcoin May Soon See Another Parabolic Run Thursday saw Bitcoin (BTC) push past $5,500 yet again, despite the Tether “FUD,” sparking claims that a parabolic bull rally is around the corner yet again. One analyst, the self-proclaimed “cryptocurrency accumulation machine” Galaxy, claims that Bitcoin’s current monthly chart looks eerily similar to that seen in late-2015, when BTC finally began to embark on a rally yet again. This is notable, as the last time BTC’s chart structure looked as it did now (a massive green candle after ~one year of selling…