Day: May 6, 2019

US Regulator FCC Eyes Blockchain in Wireless Spectrum Management Shake-Up

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United States regulator the Federal Communications Commission (FCC) is considering blockchain for wireless network licensing, IT and fintech magazine ComputerWorld reported on May 6. In a speech at last week’s MIT Business of Blockchain conference, commissioner Jessica Rosenworcel said the technology could help simplify and reduce the cost involved in dealing with so-called wireless spectrum organization. Wireless devices all require radio waves to communicate, with the growing number of such devices and Internet of Things (IoT) expansion contributing to a shortage of available frequencies. The FCC is in charge of…

Report: Bitcoin Driven by Transaction Volume and Investor Sentiment

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Delphi Digital’s latest report, an outlook of the Bitcoin market and what drives it, has shed light on what data points are most important to monitor going forward. This report highlights the dynamic nature of crypto markets and why it cannot be compared to other markets. Value Derived from Use and Sentiment Delphi Digital’s new Bitcoin outlook report suggests the bottom is in, and that the bull market has begun. This has been backed by indications from UTXO, NVT, drawdown, and sentiment. In December 2018, Delphi had stated that they…

NAGA Launches Its Cryptocurrency Exchange – NAGAX.Com

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NAGA, the Fintech company promoter of the NAGA Coin (NGC) and operator of the Social Investing Network NAGA announces the release of its crypto/fiat exchange NAGAX.com after an extensive beta period. NAGAX offers users fast and instant access to major cryptocurrencies as well as NAGA’s native currency – the NAGA Coin. The major USP of NAGAX.com is the full integration into the Social Investing Network NAGA.com platform which is used by more than half a million traders and allows users to copy the most successful traders on more than 800…

Fintech Giant NAGA to Finally Launch a Cryptocurrency Exchange Platform – NAGAX

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NAGA, the Fintech company promoter of the NAGA Coin (NGC) and operator of the Social Investing Network NAGA announces the release of its crypto/fiat exchange NAGAX.com after an extensive beta period. NAGAX offers users fast and instant access to major cryptocurrencies as well as NAGA’s native currency – the NAGA Coin. The major USP of NAGAX.com is the full integration into the Social Investing Network NAGA.com platform which is used by more than half a million traders and allows users to copy the most successful traders on more than 800…

Almost One-Third of Bitcoin Exchange Users Come from the US: Report

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Photo: Shutterstock DataLight, a company focused on analyzing crypto data and providing unique information on digital currencies, has carried out interesting research to examine the geographical distribution of crypto traders across the world. As the results show, the most active crypto trading country is the USA, with over 22 million visits a month. We’ve investigated 100 most popular #cryptocurrency exchanges and found out how their traffic is distributed by countries. While TOP-3 players are easy to predict, there are definitely some surprises. Full study: https://t.co/eWxbTa6wq2 pic.twitter.com/0mnwcyeDZP — DataLight (@DataLightMe) April…

Berkshire Hathaway CEO Warren Buffett Offers Fresh Metaphor for Bitcoin as a ‘Seashell’

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Outspoken crypto critic and Berkshire Hathaway CEO Warren Buffett has again derided bitcoin (BTC) for its purported lack of real use value, likening the coin to a seashell that “just sits there.” Buffett used this latest cryptocurrency metaphor during a press meeting ahead of the Berkshire Hathaway annual shareholders’ meeting in Omaha, Nebraska, CNBC reported on May 4. The CEO — who also serves as chairman of the ~$248 billion revenue multinational holding conglomerate Berkshire Hathaway — is well-known for his scathing stance toward cryptocurrencies, memorably characterizing bitcoin as “probably…

Bitfinex, Tether Formally Contest US Court Case Over Alleged $850 Million Fraud

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The operator of cryptocurrency exchange Bitfinex and stablecoin Tether (USDT) is planning to vacate the court order that accuses it of an $850 million funds loss, a document confirmed on May 5. IFinex, which received scrutiny from the New York Attorney General late last month, is now questioning the authority’s legal basis for its accusations. Cryptocurrency markets tumbled on April 26 after the case went public, with Bitfinex alleged to have lost control of $850 million sent to a third party. The exchange, the Attorney General claims, then used USDT…

Bitcoin Risks Pullback After Rejections at Key 2018 Price Hurdle

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View The June 2018 low of $5,780 is proving a tough nut to crack, as expected. BTC has failed to close above that level for three days in a row, indicating a price pullback may be needed to fuel a sustained move to $6,000. BTC looks to be creating a double-top bearish reversal pattern with neckline support at $5,510 on the 4-hour chart. A break lower could yield re-test of the 30-day MA, currently at $5,294. A strong bounce from the 30-day MA could fuel a sustained rise to $6,000.…

Craig Wright Ordered to Provide Bitcoin Ownership Records

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The order directs Wright to produce a copy of documents detailing the “formation, administration, and operation of the blind trust” to the plaintiffs. Monday is usually the worst day of the week for every working person (except in UAE) but we cannot help but smile when we see our favorite saga still has a lot of seasons ahead. And no, we’re not talking about Games of Thrones people, even though the name suits it perfectly. Of course, it’s all about our favorite negative character, kind of a Batman’s “Joker” –…

So, you think you can trade…

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Traders in the crypto market can be divided in three classes: the ones led by others the ones influenced by others the ones who know they can rely on their own judgement Ask yourself which of these league you belong. Do you depend on twitter moonboys advises? Did your knowledge grow into a practical, applicable set of intellectual methods? Or was it only a way to flee your own financial responsibilities… Putting the future of your bankroll in the hand of internet strangers. For what reasons do you think they…