Day: May 7, 2019

Bitcoin Price Eyes Break Above $6,000 Ahead of New York Blockchain Week

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View Bitcoin’s quick recovery from levels below the former resistance-turned-support of $5,627 (April 23 high) seen on Monday, coupled with a break above the stiff resistance at $5,780 (June 2018 bottom) seen today, indicate fairly strong bullish sentiment. BTC looks set to breach the psychological hurdle of $6,000, as suggested by April’s bullish close, and may rise to $6,200 in the next few days. The bullish case is backed by a diamond breakout on the 4-hour chart. Bulls still need to observe caution, as the 3-day chart shows a bearish…

Tether, Bitfinex Stay Afloat Amid Controversy

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Tether has been one of the most controversial topics in the cryptocurrency community over the last two years — and things have come to a head over the past few weeks. The wider crypto community has been skeptical of the stablecoin and its claims that it was operating legitimately, due to concerns around its reserve policy. Stablecoins are centralized cryptocurrencies that are typically pegged to a fiat currency like the United States dollar or valuable commodities like oil or gold. Tether (USDT) claimed to be backed by the U.S. Dollar…

ICO fines PPI claims company £120,000 for millions of nuisance texts

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The ICO has fined a PPI claims management company £120,000 for sending unlawful spam texts about its services. Hall and Hanley Ltd of Devonshire Street North, Manchester were responsible for sending 3,560,211 direct marketing text messages between 1 January 2018 and 26 June 2018 about PPI compensation claims. The ICO launched an investigation after it became aware of a large number of complaints about the company. It found that Hall and Hanley, which had used a third party for this work, but did not have valid consent as required by…

Lisk Founder On Why This Crypto Winter Is The Best Yet

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In March, NewsBTC sat down with Max Kordek, the founder of Lisk, to pick his brain about his project, the broader crypto and blockchain industry, and the future of Bitcoin. Related Reading: HTC Exec: Facebook Coin is like the Intranet, Bitcoin is like the Internet The Latest On Lisk NewsBTC: Thanks for sitting down with us. For those who don’t know Lisk, can you give us a 30 second to a one-minute explanation of your project in general? Max Kordek: Lisk is a blockchain application platform with its own crypto asset,…

New York Judge Criticizes Attorney General Claims Against Bitfinex, Tether

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The New York Attorney General cannot bring the full force of its court order against cryptocurrency exchange Bitfinex and stablecoin Tether (USDT), cryptocurrency news media outlet CoinDesk reported, quoting a judge on May 6. Following submission of a refute from lawyers representing the co-defendants, New York Supreme Court judge Joel M. Cohen decided the parties should try to resolve their dispute and submit a refined argument. The Attorney General had accused Bitfinex of losing control of $850 million under suspicious circumstances, subsequently using sister company Tether’s reserves to temporarily fill…

Microsoft Releases New Azure Blockchain Development Kit for Ethereum Blockchain

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Microsoft has released the new Azure Blockchain Development Kit for the Ethereum blockchain, according to an announcement from Microsoft Azure blog Build Azure on May 6. The new offering is reportedly an extension to Microsoft’s source-code editor Visual Studio Code, and has been designed to aid developers who are building apps using Microsoft’s newly-released blockchain-as-a-service (BaaS) platform, Azure Blockchain Service. The new extension can also reportedly be used for building apps on the public Ethereum network, and enables developers to use open source blockchain tools such as Solidity and Truffle.…

Paycent introduces the only global working crypto card

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Paycent Card (PYN) (www.PayCent.com) has shareholders making room in their wallets for a new hybrid mobile wallet with 3 cards. The Paycent App, now available at the App Store and Google Play, is a global mobile dual e-wallet that can be funded both by cryptocurrencies and fiat currencies. Unlike many others who have tried, Paycent has been active in the marketplace for over a year and boasts 50,000+ cards in the market globally and growing quickly. They have established a firm grasp on market share and investors are taking note. Paycent opens…

Bitcoin Price Vulnerable Despite 2019 High; Traders Predict Plummet to $4,200

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By CCN.com: In the past 24 hours, the bitcoin price spiked by nearly five percent from $5,580 to $5,880, surpassing $5,900 at the day’s peak, fueling the cryptocurrency market. The bitcoin price has increased from around $3,400 to nearly $5,900 year-to-date (source: coinmarketcap.com) The abrupt increase in the bitcoin price was supported by a noticeable increase in daily bitcoin spot volume estimated to be around $570 million as of May 7 by OnChainFX. In comparison, the daily bitcoin spot volume in early March was $270 million. Although industry executives and…

Australian Securities Exchange Debuts Infrastructure Replacement as Blockchain Switch Begins

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The Australian Securities Exchange (ASX) has released the first code for its replacement app development tool based on blockchain, the company confirmed in a press release on May 7. The new platform, dubbed the Customer Development Environment (CDE), builds on the exchange’s previous offering, Chess, which will now be retired. The initial features, which hinge on distributed-ledger technology (DLT), began a rollout at the end of April, with ASX drip-feeding more to users in roughly two-month intervals before the platform is fully live next year. The scheme is a joint…

Ant Financial Joins $10 Mln Series A, Partners With ZKP Blockchain Privacy Solutions Firm

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Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, has participated in a  $10 million Series A round for QEDIT, an Israeli blockchain privacy solutions firm that develops zero-knowledge proof (ZKP) technology. The news was reported by Israeli daily business newspaper Calcalist on May 7. The Series A was reportedly led by MizMaa Ventures, and its closing was announced alongside partnerships with Ant Financial, major software firm VMWare and RGAX, a subsidiary of Reinsurance Group of America. Both latter firms also participated in the financing round, alongside Meron Capital,…