Day: May 17, 2019

Crypto Venture Deals Are On The Decline, But Bitcoin is Up 90% YTD

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While the past few months have seen Bitcoin (BTC) recover in dramatic fashion, data suggests that venture capitalists and other notable investors have begun to put their feet on the crypto brake. But this isn’t bearish per se. Let’s take a look. Related Reading: Despite The Bear Market, Crypto Startups Got Boosted By Billions In 2018 Crypto & Blockchain Venture Capital Sees Tough Q1 According to Alex Thorn, a crypto-friendly venture capitalist based in Boston, investments into cryptocurrency startups, not digital assets themselves, has lagged behind Bitcoin’s price by about…

732,982 Bitcoin Addresses Now Own More Than 1 BTC

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Bitcoin (BTC) enthusiasts, it seems, are not ready to regret once BTC register new all-time highs. Statistics now reveals that most crypto enthusiasts are on a spree, accumulating before the unstoppable Bull Run kicks in. “The Bitcoin virus continues to spread. 732,982 Bitcoin addresses now own more than 1 BTC,” noted Kevin Rooke on Twitter. A glance at a historical chart tracking Bitcoin’s active addresses indicates that active BTC addresses were on their all-time high towards the end of 2017. For example, on Nov 21, 2017, active Bitcoin address stood…

Vicious Crypto Crash Could Supercharge Bitcoin Price Rally to $20,000

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By CCN: Bitcoin’s mammoth rally suffered a devastating setback on Friday when a $35 million sell order triggered a vicious flash crash on Bitstamp. By the time the dominoes had stopped falling, the bitcoin price had plunged as low as $6,894, and more than $32 billion had vanished from the crypto market cap. And fervent bitcoin bull Mati Greenspan couldn’t be happier. Finding a Silver Lining in the $32 Billion Crypto Crash A $35 million sell order triggered a vicious bitcoin price crash. | Source: Yahoo Finance Greenspan, a senior…

Bitcoin Drops By $1000 | CCG

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The highly volatile and unpredictable nature of Bitcoin was once again on display during trading this week, as it fell down sharply from record heights within a few days. It was a dream run for Bitcoin in the first half of this week by shooting above $8000 Monday. But in the last two days it lost heavily, by around $1000. On Wednesday, it reached $8314, the highest in nearly a year. A massive trade volume also was reported in that period across exchanges, with a record market cap of $144.4…

Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Mln Liquidated on BitMEX

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Major crypto exchange Bitstamp has launched an investigation after a large bitcoin (BTC) sell order heavily impacted its order book, as the firm announced in a tweet on May 17. Bitstamp reported an execution of a large sell order in BTC to United States dollars (USD) on its platform today, as the exchange wrote earlier today. While the company has not specified the details of the transaction, the price of bitcoin had plummeted about 20% from around $7,800 to as low as $6,250 in less than 30 minutes earlier on…

‘Craig Is a Liar’ – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright

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On May 16, an unknown person posted a signed message to social media concerning a bitcoin address that was used as evidence in the ongoing Kleiman v. Wright lawsuit. According to the message, which is verified to be the rightful owner of the address used in the Florida lawsuit, the address never belonged to “Satoshi or to Craig Wright” and once held over 160,000 BTC. Also read: Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List Bitcoin Whale: ‘This Address Does Not Belong to Satoshi or Craig Wright’ Since last…

‘Craig Is a Liar’ – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright

boss

On May 16, an unknown person posted a signed message to social media concerning a bitcoin address that was used as evidence in the ongoing Kleiman v. Wright lawsuit. According to the message, which is verified to be the rightful owner of the address used in the Florida lawsuit, the address never belonged to “Satoshi or to Craig Wright” and once held over 160,000 BTC. Also read: Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List Bitcoin Whale: ‘This Address Does Not Belong to Satoshi or Craig Wright’ Since last…

Blockchain Platform Converts Users Fame Into Coffee and Clothes

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Mithril, a decentralized platform that rewards content creators on social networks, told Cointelegraph that they are working on expanding the acceptance of its MITH token merchant network into different categories, such as coffee shops, restaurants, sports clothing and adult entertainment platforms. For instance, the team has announced a partnership with AccuPass, a Taiwanese ticket aggregator. According to Mithril, users are now able to purchase concert tickets with its tokens. In March 2019, SWAG, an adult entertainment network that connects amateur porn models and their fans, with more than 1.5 million…

Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody Business

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Photo: Xapo / Instagram Coinbase, major cryptocurrency exchange in the USA, is currently negotiating to acquire crypto custody firm Xapo for about $50 million in a bid to boost their custody business. The Block reports, Coinbase has a strong competitor in the face of Fidelity’s crypto wing – Fidelity Digital Assets. The companies “have been locked in a neck-and-neck race” for a few weeks, but Coinbase got the upper hand. If nothing unexpected occurs and the talks go like planned, San Francisco-based company is going to pay generous $50 million…

2019 Bitcoin Rally Beats 2017’s All-Time High $20,000 : Crypto VC Chief

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By CCN: Barry Silbert, the founder and CEO of Digital Currency Group (DCG), one of the most influential venture capital firms in the crypto space, has said that the current rally of bitcoin is different from 2017. The bitcoin price dropped to $7,200 on the day but remains up 96 percent year-to-date (source: coinmarketcap.com) The prominent investor emphasized the noticeable improvement in the infrastructure supporting bitcoin and the emergence of trusted custodial service providers that allow accredited and institutional investors to commit to the market. Is the Bitcoin Recovery Only…