Day: May 15, 2019

Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended

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Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15. Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services network of independent accounting and consulting member firms. As Cointelegraph has reported in mid-January of this year, Cryptopia revealed that it had been the target of a security breach resulting in significant losses, with…

Ethereum Price Spikes 9% to Break the Ceiling with Bullish Bitcoin Raging

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By CCN: The price of Ethereum (ETH) has surged by nine percent against the U.S. dollar in the past 24 hours following the 38 percent rally of bitcoin in the past 30 days. The price of Ethereum has spiked 9 percent on the day against the U.S. dollar (source: coinmarketcap.com) The recovery of Ethereum was somewhat expected by traders as the asset demonstrated a lackluster performance in the first quarter of 2019. While the bitcoin price recorded a staggering 110 percent gain against the U.S. dollar year-to-date, prior to its…

Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation

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Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has gone into liquidation and suspended trading operations. The news was announced Wednesday by Cryptopia’s assigned liquidator, professional services firm Grant Thornton New Zealand. Cryptopia confirmed the news on Twitter, as well as on its website. Possibly signaling changes afoot, Cryptopia website went under maintenance yesterday without any message to the public on its social media platforms. It was first noticed by a Redditor who asked whether the exchange had been hacked again. Back in January, Cryptopia went offline for…

This New Privacy Coin Hopes to Wow Crypto Enthusiasts at Consensus 2019

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By CCN: DAPS stands for “decentralized anonymous payment system.” DAPS Coin’s motto is “privacy is a right, not a privilege.” Mixing Privacy and Proof-of-Stake They’re launching in a growing market of privacy coins, hoping to deliver a superior product that might shake things up. DAPS Coin borrows all of the best ideas from other privacy coins like Dash and Monero and integrates them into one blockchain using proof-of-stake. It sports the Bulletproof Protocol, which drastically reduced the cost of Monero transactions last year. From a technical standpoint, DAPS Coin is…

Bitwise Bitcoin ETF Approval Again Delayed by SEC

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The approval of a regulated crypto derivative this year is now looking less likely, as the SEC has once again delayed its decision on whether to approve the Bitcoin ETF proposed by asset manager Bitwise. However, Bitwise remains optimistic. According to new reports, the verdict on the Bitcoin (BTC) exchange-traded fund (ETF) application from California-based crypto upstart Bitwise Asset Management has been once again delayed. In a document published Tuesday morning, the U.S. Securities and Exchange Commission (SEC), who presides over such products, revealed that it won’t be issuing a…

Bitcoin (BTC) Price Primed To Break $8.5K, Dips Remain Supported

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Bitcoin price started a downside correction after trading close to $8,350 against the US Dollar. The price declined below the $8,000 support and tested the $7,600-7,630 support area. There is a short term bearish trend line forming with resistance near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could retest the $7,600 support area before it could start a fresh increase above $8,200. Bitcoin price corrected lower recently below $8,000 against the US Dollar. However, BTC remains well bid above $7,600 and it…

Bitcoin is an “Insurance Policy” Against Irresponsible Manipulation from Banks. Travis Kling Explains Why BTC Will Keep Rallying

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Bitcoin is increasingly proving its usefulness, not only in the world of trading and speculation but also at the political level. Travis Kling, Chief Investment Officer (CIO) at Ikigai Asset Management told TD Ameritrade that Bitcoin is gaining ground as a kind of safe investment in the face of problems caused by bad government administrations. “This is a hedge against irresponsibility from governments and central banker …The world is waking up to the value of [bitcoin as] a hedge against the largest monetary policy in human history – quantitative easing.”…

Bitcoin is an “Insurance Policy” Against Irresponsible Manipulation from Banks. Travis Kling Explains Why BTC Will Keep Rallying

boss

Bitcoin is increasingly proving its usefulness, not only in the world of trading and speculation but also at the political level. Travis Kling, Chief Investment Officer (CIO) at Ikigai Asset Management told TD Ameritrade that Bitcoin is gaining ground as a kind of safe investment in the face of problems caused by bad government administrations. “This is a hedge against irresponsibility from governments and central banker …The world is waking up to the value of [bitcoin as] a hedge against the largest monetary policy in human history – quantitative easing.”…

Bitcoin (BTC) Pumps Out Of “Ideal Buying Zone”, Should Investors Still Enter? –

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BTC Leaves Accumulation Range In Spectacular Fashion For much of late-2018 and early-2019, Bitcoin (BTC) looked dead. Price action was minimal, trading activity was at dismally low levels, and the levels of hype from the mainstream and crypto audience was lackluster. Yet, with this recent move to $8,000, which began with what some call “fireworks” on April 1st (move past $5,000), the cryptocurrency market has been revived. It’s been given CPR if you will. With this move, however, Bitcoin moved decidedly out of a range of accumulation, defined by Adamant…

Bitcoin (BTC) Pumps Out Of “Ideal Buying Zone”, Should Investors Still Enter? –

boss

BTC Leaves Accumulation Range In Spectacular Fashion For much of late-2018 and early-2019, Bitcoin (BTC) looked dead. Price action was minimal, trading activity was at dismally low levels, and the levels of hype from the mainstream and crypto audience was lackluster. Yet, with this recent move to $8,000, which began with what some call “fireworks” on April 1st (move past $5,000), the cryptocurrency market has been revived. It’s been given CPR if you will. With this move, however, Bitcoin moved decidedly out of a range of accumulation, defined by Adamant…