Day: May 7, 2019

Tron (TRX) Up 5.2 Percent but Will Soar if Bakkt Say Yes

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Tron (TRX) add 5.2 percent Application to Bakkt calling for TRX inclusion is a show of intent With Bakkt and argument that Tronโ€™s potential is unexplored, investors are bullish. Nonetheless, before 4 cents, there must be evidence, and that demands a rally above 3.1 cents with a spike in participation levels. At the moment, Tron (TRX) is up 5.2 percent but could sink if buyers fail to breach 2.7 cents. Tron Price Analysis Fundamentals There is building, network improvement and marketing as team leaders vouch for their projects. While the…

A Landmark for the Blockchain Island

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Silvio Schembri is Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister of Malta Malta becoming the โ€œBlockchain Islandโ€ is no longer a distant dream but a reality, which โ€” within a very short time frame and through our tireless commitment to incorporate, use and embrace this new, emergent technology โ€” has propelled our country to the forefront of the blockchain sphere; reaffirming our position as a main point of reference for other countries that will inevitably follow. The latest announcements by the…

French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016

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The French stock markets regulator AMF has seen over a 14,000% surge in enquiries related to fraudulent crypto offers in 2018 as opposed to 2016, the agency wrote in a new annual report released May 7. In the report, the Autorite des Marches Financiers (AMF) specified that the number of enquiries associated with crypto-related scams online has surged to over 2,600 in 2018 from only 18 similar enquiries back in 2016. With that, the amount of fraudulent online offers in other industries such as foreign exchange (forex) and binary options…

Bitcoin (BTC) Is A Secure Investment Next To Gold, A Primer to $8,500?

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Bitcoin (BTC) soar, add 13.3 percent in the last week. Lisk founder says Bitcoin is a secure investment next to Gold After a stellar performance, analysts believe last yearโ€™s crypto winter is over as Bitcoin (BTC) prices bottom up, retesting $6,000. From candlestick arrangement, we expect buyers to be firmly in control once prices rally and close above Q4 2018 support now resistance. Bitcoin Price Analysis Fundamentals That the space is rapidly evolving is true, and it is an observation that the founder of Lisk, Max Kordek, notes. In an…

Bitcoin Hater Charlie Munger Accidentally Makes a Case for Crypto

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By CCN: Charlie Munger, a 95-year-old billionaire investor and Warren Buffettโ€™s partner at Berkshire Hathaway, expressed concern over the rate at which money is printed by democratic governments. Ironically, Munger, a skeptic of bitcoin, may have accidentally pointed out the merits of the dominant cryptocurrency. Charlie Munger Hates Bitcoin But Fears the Problem It Intends to Solve Buffett Bro: Bitcoin โ€˜Dementiaโ€™ Patients Worship Judas Iscariot https://t.co/avf6SuPZ74 โ€” CCN.com (@CCNMarkets) May 5, 2019 Speaking to CNBCโ€™s Becky Quick alongside Warren Buffett, Munger said that he is concerned by the ability of…

Schnorr Signatures Await Bitcoin Cash as the Next Fork Draws Near

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The Bitcoin Cash network is scheduled to fork on May 15 and the community has been steadily preparing for the next upgrade, which will entail the addition of Schnorr signatures and Segwit recovery exemption. Also read: A Look at Openbazaarโ€™s Multi-Currency Wallet and Vendor Listings Bitcoin Cash Upgrade Time: May 15, 2019, Shortly After 12 pm Every six months the BCH chain upgrades the protocol in order to add new features that benefit scaling, privacy, and overall network performance. The upcoming hard fork scheduled for May 15 is a change…

WeChat Updates Policy Statement: Bans Bitcoin Transactions

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News from China reveals that Chinese instant messaging giant, WeChat, has prohibitedย bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChatโ€™s ban further reveals that China is not relenting on its effort to ban virtual currencies in the country. No More Bitcoin and Cryptocurrency Trading Tencent-owned Chinese messaging app, WeChat, updated its payment policy on May 7, 2019, which stated that bitcoin and cryptocurrency transactions were prohibited on…

Average Bitcoin Transaction Fees Increased by Nearly 200% From March to April

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Average bitcoin (BTC) transaction fees increased by nearly 200% in April compared to March, a report released by crypto research firm Diar on May 6. The report also notes that bitcoin miners earned $13.7 million from fees alone โ€” over 71% up from $3.9 million โ€” the amount they made from fees during the previous month. The overall mining earnings in April were $291 million, up nearly 30% compared to March. The on-chain transaction volume has reportedly risen 43% during April and resulted in full blocks, while Segregated Witness (SegWit)…

CZ Slams โ€˜Bullyโ€™ Craig Wright, Donates $10,000 in BNB to Stop Him

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By CCN: Changpeng โ€œCZโ€ Zhao wants Craig Steven Wright to pick on someone his own size. The binance CEO has announced a new Binance Charity Foundation program dedicated to the legal fees of people who canโ€™t afford to fight sue-happy Wright alone. To kick things off, CZ is putting his money where his mouth is and donating $10,000 in BNB to the fund. The BNB is earmarked for people who are being targeted by the Satoshi Nakamoto imposter but who lack the resources to battle him in court. The Binance…

This Cryptocurrency Exploded in Just Two Hours to Gain Meteoric 700%

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By CCN.com: One has probably never heard of Japanese Content Token (Ticker: JCT), a crypto-asset issued by a Singapore-based blockchain firm. But that has not deterred the cryptocurrency from jumping more than 700-percent in merely two hours. The JCT-to-dollar exchange rate was trading close to $0.045 at around 0730 UTC. By the time the clock hit 0930 UTC, the pair had jumped a Mount Everest, establishing its historical high towards $0.362. It noted a small downside correction afterward, dropping 16-percent to indicate that traders were beginning to exit the market…