Day: May 15, 2019

Ethereum (ETH) Bulls Rebuff Cryptopia Liquidation, Race to $450?

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Ethereum (ETH) up 16.8 percent Cryptopia liquidates after Jan 2019 loss Behind today’s 16.8 percent surge of Ethereum (ETH) prices are supportive fundamentals. Sources indicate that the CFTC is warming up to the idea of ETH derivatives and heavyweights are gravitating towards Ethereum. That is supporting prices, countering sell pressure emanating from Cryptopia liquidation. Ethereum Price Analysis Fundamentals It’s over for Cryptopia, the New Zealand cryptocurrency exchange that was hacked, losing an estimated $16 million. Most of those lost coins were Ethereum (ETH) and related ERC tokens. With no haircuts,…

Major Ethereum Project Launch from Deloitte Teased at Consensus 2019

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By CCN: Consensus 2019 is in full swing; booth and aisles are bustling with people, taking over the Hilton Midtown Hotel. We sat in on sessions with Deloitte, wanting to hear why they recently moved from Ethereum to VeChain. After the panel, we were able to sit down with Antonio Senatore, global CTO of Deloitte’s blockchain project, and discuss the firm’s involvement in blockchain development. Deloitte Commits to Ethereum Despite VeChain Rumors Deloitte hinted that it would launch a “very large” Ethereum project this year. | Source: Shutterstock There were…

This Top-20 Crypto Token Surged 50% to Crush the Bitcoin Rally

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By CCN: While Bitcoin has commandeered the spotlight following its massive rally, altcoins don’t want to stay entirely aloof from the bullish craze. Ontology (ONT) ranked among the crypto market’s best performers over the past week. Ontology’s bullish explosion began on May 10, when the cryptocurrency surged from just $0.99 to a high of $1.52 today. Thus, ONT has rallied over 50 percent in less than six days, exceeding Bitcoin’s gain of 33 percent for the same period. The Ontology cryptocurrency surged 50 percent in less than a week. |…

Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH

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Ripple (XRP) rally, add 44.2 percent An Ethereum (ETH)—Ripple (XRP) flip could happen in days After a six-month consolidation, the stage is ready for Ripple (XRP). Up 44.2 percent at the time of press, XRP is closing in on Ethereum (ETH) and could flip the asset if there is a ballpark 25 percent price increment. At this pace, bulls should set their targets at 80 cents and even $1.40. Ripple Price Analysis Fundamentals Before May-14, Ripple (XRP) performance had been lackluster. Underperforming Bitcoin (BTC) and other top-10 liquid assets, observers…

4 Utility Tokens Deserving of Your Due Diligence as the ICO Craze Tapers Out

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A quick glance on CoinMarketCap shows that there are 2,169 coins and tokens in the market. For new traders and investors, the paradox of choice might make it somewhat difficult to know which coins or tokens deserve a place in your portfolio. Most people tend to follow the crowd to invest in ICOs based on headlines, influencer reports, and their “feelings”. The problem with following the crowd is that you could end up buying the coins with the largest marketing budgets without delving too much into their underlying value (if…

Bitcoin Cash Protocol Successfully Upgrades — Schnorr Signatures Are Here

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The Bitcoin Cash (BCH) chain has officially upgraded, adding Schnorr signatures and the Segwit recovery exemption. As of block 582680, the chain has implemented the new features successfully and BCH fans are celebrating another major protocol improvement. Also read: Schnorr Signatures Are Coming to Bitcoin Cash – Here’s What You Should Know Another Bitcoin Cash Upgrade Achieved On Wednesday, May 15, the Bitcoin Cash network has completed yet another successful upgrade by implementing two new features — Segwit recovery and Schnorr signatures. Essentially, the Segwit recovery addition makes it possible…

Coinbase Custody Has $1 Billion of Crypto Under Management

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During an on-stage discussion at Consensus, Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, said that its custody service has already received $1 billion in crypto under management. Coindesk reported on Armstrong’s comments on Wednesday, May 15. Panel moderator and Wall Street Journal reporter Paul Vigna asked Armstrong about the perspectives of institutional investments in the crypto industry. In response, the Coinbase CEO provided an example of his own company, noting that Coinbase Custody managed to get $1 billion in assets under management in just 12 months after…

Bitcoin Falls Under $8,000 Again as US Stock Market Sees Discrete Gains

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Wednesday, May 15 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) has fallen below the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is nearly a percent down on the day, trading at $7,975 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 25.7%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, the CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg that bubbles are an essential…

Upbit Exchange Operator Plies $46 Million Into Blockchain in First Year of Investment

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The parent company of South Korean cryptocurrency exchange Upbit has invested almost $50 million in blockchain startups since March 2018, English-language Korean business news outlet The Investor reported on May 15. Dunamu, which created a dedicated investment subsidiary, Dunamu & Partners, at the same time last year, has given cash to a total of 26 businesses. In total — under plans it announced previously — the company aims to invest 100 billion won ($84 million) into the industry. “Our goal is to contribute to the healthy growth of the blockchain…

Japanese Unicorn Liquid Enters Joint Venture as It Eyes US Expansion

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Crypto trading platform Liquid has established a joint venture with Virtual Currency Partners in order to enter the United States market, Cointelegraph Japan reported on May 15. The Japanese company, which achieved unicorn status after funding put its valuation at more than $1 billion last month, says the new venture will be known as Liquid Financial USA. In a news release, Liquid added that it hopes to enable U.S. customers to use and trade qash, its native token, subject to approval from regulators. The new venture has already acquired IQX,…