Bitfinex ‘Official Doc’ Confirms Plans to Raise up to $1 Billion in IEO for Its Token LEO

Zhao Dong, a shareholder of cryptocurrency exchange Bitfinex, has released new promotional material detailing the exchange’s upcoming initial exchange offering (IEO) for up to $1 billion. The information was shared in a tweet from Dong on May 4. The document, allegedly released by iFinex — the company behind Bitfinex and Tether (USDT) — announces the availability of up to 1 billion USDT worth of the exchange’s tokens, dubbed LEO, for purchase. The token described in the marketing document — which specifies that it is not a white paper — is…

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time. Ranking Exchanges Beyond Their “Volume” Notice the difference between “reported” and “adjusted” volume on CoinMarketCap.com ViewBase, a “market insights and community” platform centered around cryptocurrency, recently published a report which details other ways we might rank exchanges. Rankings could…

Tim Draper-Backed Email Paywall BitBounce Attracts 4 Million Users

By CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on crypto mainstream adoption given its immediate real-world use case. He is named as an investor in the project. This video describes a new market for email. Very interesting. #drapervc https://t.co/GnaEMZd1aR — Tim Draper (@TimDraper) May 4, 2019 BitBounce Pays in Credo The low-key project has…

Bitcoin Keeps Its Pedal To The Metal, Eliciting Bullish Response From Prominent Analysts

For some reason or another, Bitcoin (BTC) has continued to rally into Saturday. As of the time of writing this, the crypto asset is trading at $5,725 on most major exchanges, while altcoins have begun to play catch-up. While some fears that this rally is unsustainable, especially with the debacle that both Bitfinex and Tether are both going through, analysts have kept a bullish tone across the board. Bitcoin Could See A Further Move Higher According to David Puell, the head of research at Adaptive Capital, Bitcoin’s chart is currently…

Shocking! Coinbase’s CTO Abandons Ship After Only One Year

In what has already proven to be an extremely challenging 12 months for Coinbase is shows no signs of respite. The crypto exchange’s CTO announced his departure following roughly one year in the spot. Balaji Srinivasan broke the news on his Twitter account. He also thanked his “friend” Coinbase CEO Brian Armstrong for the opportunity. 1/2 Really enjoyed my time at Coinbase working with my friend @brian_armstrong. The Earn integration was successful and we’ve closed ~$200M in deals for the new Coinbase Earn. Was also my privilege to help with…

Shocking! Coinbase’s CTO Abandons Ship After Only One Year

In what has already proven to be an extremely challenging 12 months for Coinbase is shows no signs of respite. The crypto exchange’s CTO announced his departure following roughly one year in the spot. Balaji Srinivasan broke the news on his Twitter account. He also thanked his “friend” Coinbase CEO Brian Armstrong for the opportunity. 1/2 Really enjoyed my time at Coinbase working with my friend @brian_armstrong. The Earn integration was successful and we’ve closed ~$200M in deals for the new Coinbase Earn. Was also my privilege to help with…

Tron’s DAU Highs But Will TRX Respond and Rally?

Tron (TRX) prices drop 3.5 percent Platform registers new dApp DAU highs Tron’s superior dApp count and DAU is the reason why Misha Lederman, the network’s advisor of the Dapp Evolution Ecosystem is upbeat. Regardless, TRX prices are under pressure but technically bullish above 3.1 cents. Tron Price Analysis Fundamentals Misha Lederman is a Tron and TRX bull. He’s an ardent supporter as well a certified protector of the network. While Justin Sun has his fair share of criticism, what Tron represents and strive for cannot be dismissed. Adopting a…

Warren Buffett Bashes Bitcoin (BTC)… For The Umpteenth Time

Billionaire Buffett Doesn’t Seem To Like Bitcoin Warren, Warren, Warren freaking Buffett is back again to lambast Bitcoin (BTC). Honestly, we’re not surprised in the slightest. In a comment made ahead of Berkshire Hathaway’s annual meeting, the billionaire, valued at a cool $90 billion, quipped that the cryptocurrency is a “gambling device,” adding that there have been a series of frauds and “disappearances” connected with it. Indeed, Bitcoin has been used for nefarious purposes and has been garnered by hackers on a number of occasions, but the U.S. dollar isn’t…

Crypto Tidbits: Elon Musk Tweets ‘Ethereum’, Square Sees Massive Bitcoin Demand, Facebook Cryptocurrency Nears

Another week, another round of Crypto Tidbits. Over the past 72 hours, Bitcoin (BTC) has begun to rapidly pick up steam. As of the time of writing this, the cryptocurrency is currently trading at $5,800 on most major exchanges. It isn’t clear what catalyzed this surge, which has primarily materialized in BTC, not altcoins, but the past week has seen a string of positive developments come to light. Bakkt revealed more details about its Bitcoin futures and custody system, Fidelity revealed the results of a survey that should have investors…

Crypto Tidbits: Elon Musk Tweets ‘Ethereum’, Square Sees Massive Bitcoin Demand, Facebook Cryptocurrency Nears

Another week, another round of Crypto Tidbits. Over the past 72 hours, Bitcoin (BTC) has begun to rapidly pick up steam. As of the time of writing this, the cryptocurrency is currently trading at $5,800 on most major exchanges. It isn’t clear what catalyzed this surge, which has primarily materialized in BTC, not altcoins, but the past week has seen a string of positive developments come to light. Bakkt revealed more details about its Bitcoin futures and custody system, Fidelity revealed the results of a survey that should have investors…