Day: May 13, 2019

Learn How to Create BCH Apps With Bitcoin.com’s Developer Platform

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Are you a professional or a hobbyist programmer and want to create cryptocurrency enabled applications? Bitcoin.com’s Developer Platform offers resources for you to learn how to develop software based on the Bitcoin Cash (BCH) network. Also Read: Crypto Meets Techno and Binance Security Breach in the Weekly Update From Bitcoin.com Learn to Code With Bitcoin Cash If you want to start creating BCH-powered projects, Bitcoin.com’s Developer Platform has everything you need to get going. The portal’s educational section offer tutorials with real world examples and step by step instructions on…

Crypto Investor Michael Terpin Wins $75 Million in Crypto Fraud Case

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Photo: Brian Solis / Flickr The US cryptocurrency investor and entrepreneur Michael Terpin has won over $75 million in a case related to SIM-swap fraud. The amount will be paid in compensatory and punitive damages exceeding $50 million. At the beginning of this year, Terpin filed the case against 21-year-old Nicholas Truglia who allegedly defrauded the investor of three million cryptocurrencies worth $23.8 million at the time after gaining control of his cellphone number. In August of last year, we reported that Terpin sued telecoms firm AT&T for failing to…

Within Minutes, Bitcoin Spikes 4% as Bitfinex Raises Staggering $1 Billion

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At last, you can close CoinMarketCap, take a break from Crypto Twitter, and get off TradingView — Bitcoin (BTC) has finally downed a chill pill, albeit begrudgingly. Since peaking at $7,550 on Saturday, the cryptocurrency has fallen to $7,000 and has set up shop there for the time being. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each. A legion of inside and outside users made investments for > 1m…

CoinGecko Unveils Exchange ‘Trust Score’ to Fight Fake Volume Data

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Crypto market data aggregator CoinGecko has a unveiled a new “trust score” for its system of ranking exchanges. The score will use a combination of analytics methods in an effort to achieve a fairer picture of the market, according to Bobby Ong, CoinGecko’s co-founder. Specifically, the new method will combine online traffic analysis by SimilarWeb and the median of users’ trading volume from 10 exchanges that have trustworthy reported volume as indicated by a report by Bitwise for the U.S. Securities and Exchange Commission, which was published in March. In…

CoinGecko Unveils Exchange ‘Trust Score’ to Fight Fake Volume Data

boss

Crypto market data aggregator CoinGecko has a unveiled a new “trust score” for its system of ranking exchanges. The score will use a combination of analytics methods in an effort to achieve a fairer picture of the market, according to Bobby Ong, CoinGecko’s co-founder. Specifically, the new method will combine online traffic analysis by SimilarWeb and the median of users’ trading volume from 10 exchanges that have trustworthy reported volume as indicated by a report by Bitwise for the U.S. Securities and Exchange Commission, which was published in March. In…

Bitfinex’s Private Token Sale Raised $1 Billion in 10 Days, Exec Says

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Cryptocurrency exchange Bitfinex has raised $1 billion through its native token in a private sale, according to its chief technology officer. Paolo Ardoino‏ tweeted Monday that Bitfinex has achieved the target in just 10 days, with participation from “giant” firms from both within the cryptocurrency industry and outside. Some of the investors, which were not named, invested over $100 million each, Ardoino‏ said, adding that others also contributed investments of over $1 million each. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private…

Bitcoin Has Recovered Nearly 25% of Its Bear Market Price Losses

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View Bitcoin has erased nearly 24 percent of the price losses seen in 12 months to December 2018. Sunday’s high above $7,500 could come into play again if a contracting triangle on the hourly chart ends with a bull breakout. A UTC close below $6,762 would validate the bull exhaustion signaled on Sunday and allow a deeper correction to $6,000. Dips to $6,000, if any, could find bids as the longer duration charts are biased bullish. Despite a pullback from 9-month highs overnight, bitcoin (BTC) has still clawed back nearly a…

Bitcoin Reaching $20,000 By Early-2021 Is Entirely Possible –

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Bitcoin Could Retest All-Time High In 24 Months Earlier this year, prior to the recent Bitcoin (BTC) surge to and past $6,000, we reported that Canaccord Genuity Capital Markets, a Vancouver, Canada-based financial services firm, claimed that the leading cryptocurrency could rally to $20,000 by March 2021. At the time, however, this prediction, deemed rather optimistic by some (as then BTC had yet to embark on a bear market recovery), was unbacked, and little was explained. But, the analysts who made this statement recently broke down this prediction in a…

Tron Co-Founder and CTO Leaves Project, Alleging Excessive Centralization

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Lucien Chen — the former chief technical officer (CTO) and co-founder of blockchain protocol Tron (TRX) — has announced he is leaving the project, claiming it has become excessively centralized and strayed from its founding principles. Chen revealed his decision in a Medium blog post published on May 10. In his announcement, Chen recounts the history of the Tron project and TRX’s successful growth to become the 11th largest cryptocurrency by market cap globally. Yet the former CTO said that notwitstanding this success, irreconcilable contradictions between himself and co-founder Justin…

Crypto Hedge Funds Saw 46% Loss in 2018 Bear Market, PwC Report Says

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The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12. According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin (BTC) falling from $20,000 to just $3,000. Of those, the median loss came in at 46%, while quantitative funds — which take bets on price drops in bitcoin and altcoins — still managed to achieve overall returns of 8%. The figures underscore a troublesome time for the still-nascent crypto financial instrument economy,…