Hacked Crypto Exchange Binance to Resume Deposits and Withdrawals on Tuesday

Binance CEO Changpeng Zhao has announced that the crypto exchange plans to resume deposits and withdrawal services on Tuesday. He wrote in a brief update: Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later. We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a…

Billionaire Mike Novogratz: Bitcoin Store of Value “Not Going to Change the World”

Billionaire investor and long-time Bitcoin bull Mike Novogratz shared some interesting views on the current state and future of the leading cryptocurrency by market capitalization. While Novogratz has been an overwhelming proponent of Bitcoin and cryptocurrency, recently predicting that BTC would reach $20,000 by the end of 2020, he believes that the coin is reaching the end of its potential as a store of value. Speaking at ConsenSys’ Ethereal Summit May 11 on a panel titled, “The Herd is Still Coming!,” Novogratz explained that Bitcoin largely functions as a digital…

Will Starbucks’ Crypto Endeavours Pave the Way for Mainstream Adoption?

The United States coffeehouse chain Starbucks is one of the most mainstream companies to look into crypto, and its intentions have finally been confirmed this week: The company has teamed up with Microsoft to track its beans with a blockchain. Moreover, reports say that the coffee giant might start accepting bitcoin (BTC) payments in its U.S. branches later this year. So, is the long-awaited mainstream adoption finally coming to the crypto market? As many mainstream companies, Starbucks leans toward the “blockchain before bitcoin” approach Starbucks’ relationship with crypto could be…

Don’t Panic, Bitcoin “Nuking” $6,400 Resistance Is Extremely Bullish

Over recent hours, Bitcoin (BTC) has begun to slow, with bullish momentum falling off across the board. Yet, some say it may be a bit too early to call for a doomsday-esque scenario, which sees BTC fully retrace its sudden spike higher. Bitcoin Moving Past $6,400 When BTC paused at $6,000 just days ago, few thought that the asset was going to be able to surmount $6,400 — a level of utmost importance through 2018, as the cryptocurrency failed to fall below that level for months on end. In fact,…

Don’t Panic, Bitcoin “Nuking” $6,400 Resistance Is Extremely Bullish

Over recent hours, Bitcoin (BTC) has begun to slow, with bullish momentum falling off across the board. Yet, some say it may be a bit too early to call for a doomsday-esque scenario, which sees BTC fully retrace its sudden spike higher. Bitcoin Moving Past $6,400 When BTC paused at $6,000 just days ago, few thought that the asset was going to be able to surmount $6,400 — a level of utmost importance through 2018, as the cryptocurrency failed to fall below that level for months on end. In fact,…

Ethereum is Way Ahead, Could Pass Bitcoin –

Ethereum Is “Way Ahead” As we reported yesterday, Mike Novogratz of Galaxy Digital took to a public forum to talk Ethereum (ETH)… and Bitcoin too. During his keynote speech, which was compiled by CryptoBriefing and DecryptMedia, the former institutional investor purportedly talked up Ethereum. Speaking to the crowd at Ethereal Summit, a, you guessed it, ETH-themed conference held in New York, the former Goldman Sachs partner stated that Ethereum has a chance to dominate what many call Web 3.0 — or, less buzzwordy, the Internet of Value. In fact, Novogratz…

Prysmatic Labs Launches Ethereum 2.0 Proof of Stake TestNet

Prysmatic Labs co-founder Preston Van Loon announced the launch of an Ethereum 2.0 Proof of Stake (PoS) blockchain Testnet on May 7. While the full transition for Ethereum away from its current Proof of Work algorithm to a Proof of Stake blockchain is still over a year away, the testnet launch by Prysmatic labs represents a positive development for the currency. According to Van Loon in an update published to Medium, “It’s here it’s here! Over the past months we’ve been preparing extensively, working every single day to deliver a…

Coinbase-Backed Stablecoin Startup Reserve to Launch ‘Venmo Style App’ in Venezuela

Stablecoin project Reserve announced that it will launch a crypto-fiat payments app in Venezuela and Angola in a press release shared with Cointelegraph on May 12. In the same announcement, the firm revealed that it is listing its separate utility token, Reserve Rights (RSR), on major exchange Huobi Global’s token sale platform, Houbi Prime. Per the press release, the project’s stablecoin app — to be launched for Android users via Google Play “in the coming weeks” — will enable people and businesses to switch back and forth from their local…

Bitcoin (BTC) To See Rapid 50%+ Correction If History Truly Rhymes –

BTC Analysts Fear The Worst Call us scared, but a key indicator is showing that Bitcoin (BTC) could soon see a massive correction in the coming future. And by coming future, that means the next few days and weeks. In a recent TradingView post, an analyst going by “Crypt0Bro” revealed that the Money Flow Index (MFI), a well-known way to determine trends, is clearly showing that Bitcoin is overbought. So much so that the reading on BTC’s one-week chart has reached 95, which is nearing the maximum of 100. The…

Bitcoin (BTC) To See Rapid 50%+ Correction If History Truly Rhymes –

BTC Analysts Fear The Worst Call us scared, but a key indicator is showing that Bitcoin (BTC) could soon see a massive correction in the coming future. And by coming future, that means the next few days and weeks. In a recent TradingView post, an analyst going by “Crypt0Bro” revealed that the Money Flow Index (MFI), a well-known way to determine trends, is clearly showing that Bitcoin is overbought. So much so that the reading on BTC’s one-week chart has reached 95, which is nearing the maximum of 100. The…