Day: May 5, 2019

NYAG Requests That Bitfinex Be Forced to Release Tether Deal Documents

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The New York State Attorney General (NYAG) Letitia James has requested the disclosure of documents concerning an alleged deal made between cryptocurrency exchange Bitfinex and stablecoin operator Tether. The NYAG’s memorandum of law was filed on May 3. The memorandum of law calls for more transparency and claims “that Bitfinex and Tether misled their clients and investors.” The statement also explains why the Office of the State Attorney General feels the need to request said documents: “While that and other discrepancies do not change the core issues in this case…

Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving?

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Litecoin (LTC) up 6.1 percent Charlie Lee thought LTC would rally to $1,000 In a podcast, Charlie Lee now reveals that he thought Litecoin (LTC) would surge above $1000. All the same, by profitably exiting at the height of the Great Bull Run of late 2017, he reaped huge despite all the criticism from the community. At spot rate, Litecoin (LTC) is up 6.1 percent in the last week. Litecoin Price Analysis Fundamentals Year-to-date, Litecoin, and Binance Coin are perhaps the top two performing assets with triple-digit gains. However, it…

Will BitFinex $1 Billion Trigger a Bitcoin (BTC) Sell-Off?

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Bitcoin (BTC) prices firm, add 9.5 percent in the last week Despite fraud accusations, BitFinex will crowd-fund to raise $1 billion BitFinex, sources have it, will proceed with their IEO and the aim is to raise $1 billion in USDT. While it is pleasing for investors, the exchange is reserving $600 million for whales. Even so, its success would mean pressure on Bitcoin (BTC) which is up 9.5 percent in the last week. Bitcoin Price Analysis Fundamentals Bitcoin (BTC) price performance is impressive. Rallying, against all the odds, the coin…

The Winklevoss Twins Are Giving Away 1 Bitcoin After Tron’s Tesla Fail

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By CCN: Gemini, the bitcoin exchange founded by Tyler and Cameron Winklevoss, has caught the crypto contest bug. The Winklevoss twins are giving away 1 BTC to the person with the best shot of the Gemini Crypto Bus. The game is sure to strike a chord with people inside and outside of crypto. The bitcoin price is currently hovering at approximately $5,800 and many believe it’s headed to the moon. While the competition hasn’t generated as much traction on Twitter as Tron Founder Justin Sun’s Tesla giveaway, it’s early. Tyler announced…

The Winklevoss Twins Are Giving Away 1 Bitcoin After Tron’s Tesla Fail

boss

By CCN: Gemini, the bitcoin exchange founded by Tyler and Cameron Winklevoss, has caught the crypto contest bug. The Winklevoss twins are giving away 1 BTC to the person with the best shot of the Gemini Crypto Bus. The game is sure to strike a chord with people inside and outside of crypto. The bitcoin price is currently hovering at approximately $5,800 and many believe it’s headed to the moon. While the competition hasn’t generated as much traction on Twitter as Tron Founder Justin Sun’s Tesla giveaway, it’s early. Tyler announced…

Bitcoin.com Celebrates 4 Million Wallets Created

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Today we’re celebrating a milestone as the Bitcoin.com Wallet has seen a whopping 4 million wallets created since the light client launched. The wallet allows anyone in the world to participate in the cryptoconomy by offering a secure, noncustodial storage solution for bitcoin cash (BCH) and bitcoin core (BTC). Also read: $500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction 4 Million Bitcoin.com Wallets and We’re Just Getting Started The Bitcoin.com Wallet launched back in August 2017 and ever since then the wallet has seen significant development and gathered lots of…

Beware the Fake Bitfinex White Papers Appearing Online

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As speculation and impatience arises over the upcoming Bitfinex token sale, opportunistic fakers are creating bogus white papers that purport to describe the details of the upcoming sale. Why? To scam potential buyers out of their cash. “The white paper you all are seeing now is a fake one,” said Dong Zhao, a Bitfinex shareholder. “The authentic white paper is not yet released. The name of the token is called LEO, not BFX. The offering accepts USDT, not BTC or ETH. The total amount to be raised is still 1…

Ethereum 2.0’s Nodes Need to Talk – A Solution Is ‘Hobbits’

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Developers working to create the next iteration of the ethereum blockchain have developed code intended to help client developers boost their testing efforts ahead of the upgrade. Ethereum 2.0 is by far the biggest upgrade on the agenda of developers said to bring massive improvements to scalability and usability on the now four-year-old blockchain network, which with its $17 billion market capitalization is the world’s second-most valuable blockchain. The work on the 2.0 iteration (also known as Serenity) continues apace, and according to Fredik Harryson, chief technology officer for client…

Pay for Flights on Your Next Business Trip With Bitcoin Cash via Corporate Traveller

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Businesses and startups in the cryptocurrency industry are a growing force around the world and services providers are taking note. U.K.’s Corporate Traveller recently began accepting bitcoin cash payments from companies booking flights for their staff, a much needed service for a global sector with so many international events. Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash Corporate Traveller Accepts BCH Payments via Bitpay Looking to pay with bitcoin cash on your next business trip? Corporate Traveller, a U.K. provider of business travel management services, has…

Bitcoin Price Will Hit $6,500-Mark in Near-Term: Veteran Commodity Trader

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Bitcoin could undergo an immediate bearish correction, but it would eventually bounce back towards $6,500, according to Peter Brandt. The veteran commodity trader said Saturday that the bitcoin price was meeting its crucial resistance level near $5,745, as shown in the chart below. There was a strong probability of the asset undergoing a reversal, which loosely means that traders were not confident to purchase bitcoin at its higher rate. Therefore, the ones who bought the asset near $5,000-support might want to exit their positions on a handsome $745-per-bitcoin profit – more…