Day: May 4, 2019

Mysterious Crypto Whale Unveils Meteoric Bitcoin Price Target

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By CCN: A mysterious crypto whale set a meteoric Bitcoin price target, and he revealed it in an exclusive interview with CCN. The anonymous Bitcoin whale, known only by his crypto addresses, has accumulated a fortune of more than 7,000 BTC. The crypto holdings are worth $35 million USD at the time of writing, and they’re mostly held in this wallet. He let CCN in on some seasoned technical analysis insights that suggest the Bitcoin price is well on its way to eclipsing the $50,000 mark. Mystery Whale Caught the…

Is Quebec’s Big Picture to Become the Biggest Bitcoin Mining Market?

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Canada’s Quebec province is tapping the bitcoin mining market to improve its annual economic projections. The region’s energy regulator, the Régie de l’énergie (LRQ), ordered public utility Hydro-Québec to allocate a 300-megawatt block of electricity to the blockchain industry. The move increased the total power supply granted for mining cryptocurrencies from 368 megawatts to 668 megawatts without touching the underlying costs. LRQ said it had excess electricity to spare for the mining industry operations, which would ensure lower tariffs. “The creation of a reserved block and the requirement to curtail…

Is Quebec’s Big Picture to Become the Biggest Bitcoin Mining Market?

boss

Canada’s Quebec province is tapping the bitcoin mining market to improve its annual economic projections. The region’s energy regulator, the Régie de l’énergie (LRQ), ordered public utility Hydro-Québec to allocate a 300-megawatt block of electricity to the blockchain industry. The move increased the total power supply granted for mining cryptocurrencies from 368 megawatts to 668 megawatts without touching the underlying costs. LRQ said it had excess electricity to spare for the mining industry operations, which would ensure lower tariffs. “The creation of a reserved block and the requirement to curtail…

Experts Explain Factors of Overnight Rally

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Over several hours on May 3, the price of bitcoin spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in a single day. Most crypto assets in the global market have substantially surged in value in the past week Source: coin360.io Major crypto assets such as ether (ETH), litecoin (LTC), bitcoin cash (BCH) and EOS recorded gains in the range of 4% to 8% against the United States dollar, fueling the momentum of the crypto market. Timing of bitcoin…

Binance, OKEx and KuCoin Are Using IEOs to Command the Spotlight

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Token sales haven’t stopped since the 2017 boom. They’ve just changed names. Initial exchange offerings (IEOs) – where a cryptocurrency exchange offers a direct listing and launch campaign for a new startup token – are earning blockchain companies millions in 2019. Two sources, who both requested anonymity to avoid alienating exchange partners, told CoinDesk that some exchanges declined to list their tokens unless their startups paid hefty fees, in various formats depending on the exchange. These fees, the sources said, ranged from 10 percent of the startup’s equity, plus a…

Crypto Scams: Jersey Man Loses $1.5 Mln in Bitcoin Fraud, Scammers Demand BTC On the Phone

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An experienced crypto investor has been conned out of £1.2 mln he had saved throughout his life; police say the money is unlikely to be recovered A person from the Island of Jersey has fallen for a Bitcoin scam and lost over $1.5 mln of his life savings. The police say this is the biggest fraud aimed at a single victim on the island that has happened recently. The details were shared by The Jersey Evening Post. The victim was an experienced crypto investor. ‘The money is unlikely to be…

BTC Related Companies Trading on the Stock Exchange

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Photo: Thomas Hawk / Flickr The recent price surge for Bitcoin is waking up investors around the globe, including Wallstreet. Aside from investors, publicly traded companies are also shifting their resources into Blockchain and cryptocurrency technologies. Apollo Global Management, Stock Symbol: APO Apollo Global Management (NYSE: APO) is an American public equity firm that specializes in leveraged buyout transactions. On March of 2017, Apollo (NYSE: APO) acquired Outerwall Inc, the parent company of Coinstar. Coinstar operates kiosk machines which convert coins into cash, and the company is also experimenting with…

Crypto Market Cap Hits New 2019 High As Bitcoin Surges Towards $6,000

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The weekend has started with a bang in the crypto world as Bitcoin breezed past resistance again to post a new 2019 high. The action has had the effect of pushing total market capitalization up to its highest level for five months. Bitcoin Bulls Are Back Just when it looked like more consolidation was on the cards Bitcoin surged past resistance at $5,600 and hit a new 2019 high of $5,880 a few hours ago according to Coinmarketcap figures. Trading in Asia has pushed volume up to almost $20 billion…

Crypto Market Jumps $15 Billion: Bitcoin Cash, Litecoin (LTC), ADA, TRX Analysis

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The total crypto market cap is up more than $15.0B in the past three days. Bitcoin price rallied more than 5% and traded above the $5,800 resistance level. Litecoin (LTC) price is up around 6% and it broke the key $75 and $78 resistances. Bitcoin cash price rallied 10% and broke the main $295 and $300 resistances. Tron (TRX) price finally broke the $0.0242 and $0.0245 resistance levels. Cardano (ADA) price is back above $0.0700 and it may climb further towards the $0.0750 level. The crypto market cap rallied, with…

Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments

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Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2. Mohanty revealed that back in 2016, policy makers did not have a clear understanding of what blockchain is, so the MSA — Singapore’s central bank — decided to experiment with the technology to better understand it. The  MSA has…