Day: May 16, 2019

Mark Mobius Supports Bitcoin (BTC) After Previously Calling Cryptocurrency A “Fraud”

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One of the most recognizable figures in investing has had a change of heart in his opinion towards Bitcoin and cryptocurrency. Mark Mobius, cofounder of Mobius Capital Partners, recently spoke in a Bloomberg podcast where he claimed that Bitcoin will be “alive and well” into the future. Despite his current positive attitude towards Bitcoin, Mobius delivered a scathing critique of BTC in May 2018, when he called the currency a fraud. Now, with the price of Bitcoin achieving relative highs and plotting a scorching path of price gains, the long-time…

Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business

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American major cryptocurrency exchange Coinbase is reportedly negotiating the acquisition of the bitcoin (BTC) custody business of cryptocurrency wallet provider Xapo, technology-focused media outlet the Block reported on May 16. Sources familiar with the matter reportedly told the Block that Coinbase has been vying with the digital currency wing of United States financial services giant Fidelity, Fidelity Digital Assets, for Xapo over the past several weeks to advance its custody business. Following the closure of the deal, Coinbase will reportedly pay about $50 million in cash to Xapo, with a…

UN Secretariat Signs Agreement with Nonprofit to Reward Climate Action With Crypto

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A climate change initiative of the United Nations signed a Memorandum of Understanding (MoU) with nonprofit organization W-Foundation to collaborate on climate action, according to a press release shared with Cointelegraph on May 16. In accordance with the new MoU, the Secretariat of the UN Framework Convention on Climate Change (UNFCCC) will work with South Korea-based W-Foundation to promote global climate action projects, including compensation of greenhouse gas emissions by using rewards in cryptocurrency. Specifically, the recent MoU mainly focuses on implementing the W-Foundation’s blockchain application HOOXI, which is a…

Ethereum Price Jumps to 8-Month High After Bitcoin Plunges $645

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By CCN: Bitcoin’s breathtaking rally has dominated the headlines in recent weeks, but today it’s the second-largest cryptocurrency’s turn to enjoy the spotlight. The ethereum price surged as high as $281.77 on Thursday, launching ETH to an eight-month high. Ethereum Price Finally Joins the Crypto Party The cryptocurrency asset witnessed massive capital influx into its market when its frontrunner bitcoin began to correct from its overbought territory. The inverse correlation signified that bitcoin investors were hedging into the ether market, a theory further validated by ETH’s 16% appreciation against bitcoin…

Institutions Clamor For Bitcoin: Crypto Giant Coinbase May Acquire Xapo

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In an impeccable sign of the times, sources tell The Block that Coinbase may soon acquire Xapo, one of the first and most well-regarded Bitcoin custodians. This news has been divulged as data indicates that institutions are looking to siphon capital into the crypto asset space, thereby making custodians a necessity. Related Reading: Prominent Analyst: Trouble for Bitcoin if Price Corrects Below $7,500 Coinbase & Fidelity Duke It Out Over Xapo Reported by The Block on Thursday morning, the San Francisco-based cryptocurrency giant Coinbase is “in advanced talks” to purchase…

Crescent Cash Users Can Now Send Bitcoin Cash Via Text Message

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On May 15, the BCH-based and open source Android wallet Crescent Cash launched a new feature that allows people to send bitcoin cash through a text message. The SMS sending service added to the wallet is due to the latest open source API introduced by the crypto startup Cointext. Also read: Bitcoin Cash Protocol Successfully Upgrades — Schnorr Signatures Are Here Crescent Cash Now Supports the Cointext API Crescent Cash users can now send bitcoin cash to mobile phone numbers even if they don’t own a BCH wallet. News.Bitcoin.com reported…

After Rallying 150% YTD, is Bitcoin (BTC) Going to Collapse?

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Bitcoin (BTC) cool off, correction in the cards.  Shapeshift’s Erik Voorhees says bubbles are normal.  At the back of record transaction volumes and ultra-bullish news, Bitcoin (BTC) is one of the top performing assets. All the same, upside momentum is slowing, and BTC could slide back to $7,500, or $5,500. Bitcoin Price Analysis Fundamentals Bubbles are normal, says Erik Voorhees,the CEO of the crypto-to-crypto exchange ShapeShift. In a recent interview with Bloomberg TV, the crypto pioneer and one of the first entrepreneurs of Bitcoin notes that most analysts believe that…

South American Startup Ripio Rolls Out Crypto-Fiat Exchange and OTC Desk

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Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over the counter (OTC) desk, according to a press release shared with Cointelegraph on May 16. Ripio’s newly launched platform will enable its customers in Brazil, Argentina, and Mexico to trade cryptocurrency to fiat, use digital banking services, and request blockchain-based loans. The product also includes an OTC desk for institutional investors. Commenting on the product roll out, Ripio’s founder and CEO Sebastian Serrano said that “cryptocurrency, and our new platform in particular, offers brand-new investment horizons for…

Shocking! ‘Bitcoin Wins the Trade War’ as Chinese Investors Pile In

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By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge. But it looks like institutional buying isn’t the only catalyst driving bitcoin’s price. The Chinese are reportedly piling into bitcoin, believing it to be…

Shocking! ‘Bitcoin Wins the Trade War’ as Chinese Investors Pile In

boss

By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge. But it looks like institutional buying isn’t the only catalyst driving bitcoin’s price. The Chinese are reportedly piling into bitcoin, believing it to be…