May 8, 2019

Crypto Mining Firm Argo Blockchain Expects Cash Breakeven in May With New Miners

May 8, 2019 boss

Cryptocurrency mining firm Argo Blockchain expects a breakeven following an investment in new mining equipment, according to a press release published on the London Stock Exchange’s (LSE) site on May 8. London-based Argo said that it expects a cash breakeven in May, and outlined its intention to continue to expand its mining infrastructure as hardware prices become cheaper. The company expects that 1,000 units of Bitmain Z11 miners that came into production on May 2 will improve gross margin during the second quarter. Argo further reveals that it has settled…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 8

May 8, 2019 boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Hackers have breached the security cover of one of the largest cryptocurrency exchanges, Binance and stole 7,000 bitcoins from the hot wallet of the exchange. Binance has said that it will provide for the loss with its Secure Asset Fund for Users. However, this…

Another Hard Fork, Will Bitcoin Cash (BCH) Tank or Soar in Response?

May 8, 2019 boss

Bitcoin Cash (BCH) up 6.8 percent Schnorr Signatures implementation ahead of the more decentralized OG Six months after a contentious hard fork, Bitcoin Cash developers plan to upgrade the network to include Schnorr signatures that require less space while simultaneously promoting scalability, security, and privacy. Meanwhile, Bitcoin Cash (BCH) prices are stable, up 6.8 percent in the last week. Bitcoin Cash Price Analysis Fundamentals Roger Ver maintains that Bitcoin Cash (BCH) is the real “Bitcoin” and knows little about Craig Wright’s Bitcoin SV. Although Bitcoin Cash is a fork of…

Facebook Revises Policy on Blockchain Ads, Crypto-Related Materials

May 8, 2019 boss

Ads pertaining to blockchain tech, industry news, as well as events and educational materials for cryptocurrencies can now be displayed on Facebook without prior approval. The social media giant announced the development on Facebook Business on May 8. This marks a change from last year, when Facebook implemented a policy that required crypto and blockchain promoters to get prior consent before they could run advertisements. The press release goes on to specify that this change will not apply to advertisements that seek to promote a particular cryptocurrency, and ads for…

Facebook Revises Ad Policy on Blockchain Ads, Crypto-Related Materials

May 8, 2019 boss

Ripple (XRP) Unresponsive, Lagging and Consolidating Above 30 Cents

May 8, 2019 boss

Ripple (XRP) in an extended consolidation Technical reasons preventing RippleNet clients from upgrading to xCurrent 4.0 For Ripple (XRP) demand, then more banks should use xRapid an “on-demand liquidity tool.” Unfortunately, it is a handful of banks that use the solution as technical and legal reasons slow down adoption. Meanwhile, Ripple (XRP) is flat, ranging within a 10 cents zone with caps at 34 cents and 40 cents. Ripple Price Analysis Fundamentals Even though Ripple (XRP) is one of the most liquid assets in the sphere and the third most…

Crowdfunder Sued for Misappropriating Funds over $800,000 to Buy Bitcoin

May 8, 2019 boss

The U.S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts. iBackPack for Bitcoin Douglas Monahan, who runs a company called iBackPack of Texas, LLC, is facing a lawsuit from the FTC. The suit filed on March 6, 2019, accused Monahan of unlawfully using funds meant for the purchase of tech-imbued…

Despite Bitcoin (BTC) Recovery To $5,900, Analysts Remain Cautious Post-Binance Hack

May 8, 2019 boss

Technicals Don’t Look Too Hot For Bitcoin Yesterday, Tuesday, saw world-renowned crypto exchange Binance get hacked for 7,000 Bitcoin (BTC), valued at $41-odd million at current valuations. For those who missed the memo, here’s a brief recap. As reported by Ethereum World News previously, Binance’s Changpeng “CZ” Zhao suddenly shut down deposits and withdrawals on Tuesday, citing maintenance that was “unscheduled”. This came as a surprise to some, as the platform’s track record for announcing maintenance sessions was impeccable. Yet, CZ assured that “Funds are #SAFU,” referring to a crypto…

Bitcoin (BTC) Stopped Caring About Bad News, Up 11 Percent

May 8, 2019 boss

Bitcoin (BTC) add 11 percent Changpeng Zhao wanted to roll-back the Bitcoin blockchain Hackers have no borders and funds are after all, not SAFU after yesterday’s hack that saw Binance lose 7,000 BTCs. All in all, Bitcoin (BTC) prices are in a solid uptrend. As a result, traders have an opportunity to buy on dips with the first target at $6,000. Bitcoin Price Analysis Fundamentals If anything, it has been a tumultuous 24 hours for Binance, the world’s largest exchange. As reported by NewsBTC, a team of skilled and patient…

Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List

May 8, 2019 boss

The ongoing lawsuit between the relatives of Dave Kleiman and Craig Wright continues to unfold as a filing has been unsealed that shows a list of addresses tied to the first 70 bitcoin blocks Wright claims to have mined. However, not long after the redacted list was unsealed, researchers at Wizsec Security studied the addresses and are convinced his list is merely a “lazy copy-paste from the blockchain, without any cryptographic signatures to support his claims of ownership.” Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged…