Day: May 19, 2019

No ‘40% in a Day’ Altcoin Pumps Coming This Bull Market: Mike Novogratz

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By CCN:If you’re on the edge of your seat for the “crazy altcoin pumps” that the market experienced in the 2017 bull run, you might be waiting a long time. Michael Novogratz, who is at the helm of crypto merchant bank Galaxy Digital, suggests that bitcoin will leave its smaller peers in the dust. Ran NeuNer, the host of CNBC’s “Crypto Trader,” got the conversation started on Twitter when he observed: “The market is running but we still haven’t seen the crazy alt pumps, pumps where coins do 40% in…

Kik CEO Says Firm Spent $5+ Million on Negotiations With US SEC: Report

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Ted Livingston, the CEO of Canadian-based messaging startup Kik, told cryptocurrency news outlet Coindesk that the company spent over $5 million on ongoing negotiations with the United States Securities Exchange Commission (SEC). The news was revealed in a report published on May 16. As Cointelegraph reported at the end of January, the SEC stated that it believes that Kik’s “Token Distribution Event” two years ago violated securities laws when the company raised $97 million during the sale. Following the SEC’s recommendation of an enforcement action in November 2018, Kik was…

Bitcoin Cash Upgrade and 30K Stores Accepting BCH in the Weekly Update From Bitcoin.com

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Bitcoin Cash network successfully undergoes an upgrade and more than 30,000 new stores now accept BCH payments. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: After Trillions Printed Under QE, Politicians Now Say Deficits Don’t Matter BCH Network Upgrade in Bitcoin.com’s Weekly Update This week’s show covers the recent upgrade to the Bitcoin Cash (BCH) network, adding Schnorr signatures and the Segwit recovery exemption. With the changes successfully completed, developers are now able to create payment channels and atomic swaps hidden…

Bitcoin Approaches $8,000 Again as Top Cryptos See Strong Gains

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Sunday, May 19 — most of the top 20 cryptocurrencies are rebounding to report moderate to notable gains on the day by press time. Bitcoin (BTC) has pushed to just below the $8,000 mark again. The market rebound comes after a sharp correction on May 17 that followed almost a week of massive growth. Market visualization courtesy of Coin360 Bitcoin is about eight percent up on the day, trading at $7,928 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up close to 11%. Bitcoin…

How Microsoft (and Others) Plan to Empower Users to Own and Control Personal Data

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Microsoft, one of the world’s largest software makers by revenue, is currently on a blockchain streak. This time, Microsoft presented a vast blockchain-related plan: a decentralized identity (DID) network built atop of the bitcoin network, which can potentially empower users all over the internet to take control over their personal data and content. Earlier in May 2019, the United States tech giant announced its brand new Azure Blockchain Service along with Azure Blockchain Development Kit for the Ethereum blockchain. It also teamed up with Starbucks to present the first use…

Markets Update: Bitcoin Cash Jumps Ahead as Crypto Prices See Fresh Gains

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Digital asset markets jumped in value over the last 24 hours as most cryptocurrencies have gained 8-13%. Since our last markets update the entire cryptoconomy has increased by $33 billion and this Sunday bitcoin cash (BCH) lead the top ten pack once again with a 12.9% gain in the last day. Also Read: Putting an End to the Bitcoin Store of Value Fallacy Top Crypto Markets Gain 8-13% Just two days ago short positions and crypto bears managed to scale back the prices of many coins. During the start of…

Bitcoin Searches Rocket to 13-Month High Amid ’60 Minutes’ Hype

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By CCN: Google searches for bitcoin have climbed to a 13-month high, in tandem with its price spikes following the brutal 2018 crypto bear market. Google Trends tracks search interest for certain terms. Interestingly, the countries that are leading the Google searches are not cryptocurrency powerhouses: South Africa. The Netherlands. Slovenia. Austria. Nigeria. Rising public curiosity over bitcoin isn’t surprising, given how volatile the market has been. An erratic market sparks intense controversy, with proponents and opponents rabidly debating whether the downturn is temporary or is definitive “proof” that bitcoin…

Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession

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By CCN: The sudden swell of Bitcoin’s price to $8,000 USD this year shows global recession fears are mounting. This according to Michael Hartnett, the chief investment strategist at Bank of America Merrill Lynch. Bitcoin price has doubled in 2019 but the rally is only getting started. | Source: Shutterstock Interestingly enough, Hartnett says global investors are investing in bitcoin not because they see it as a safe haven asset in times of instability but because they are seeking high-risk, high-reward investments. He argues the effect of low-interest rates since…

Buying Bitcoin (BTC) Is Investing and Saving for Retirement

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When talking about retirement investments, people usually focus on stocks. However, Bitcoin is proving to be a better retirement investment asset, even ahead of stocks, commodities, and other traditional investment vehicles. BTC Perception Is Improving Bitcoin’s popularity continues to grow all over the globe, despite the current bear cycle still keeping prices down. A research carried out by Blockchain Capital Blog earlier last month shows that Bitcoin awareness, familiarity, perception, and conviction have increased over the past two years. According to the research results, the percentage of people that have…

Cyberghost Is a VPN Service You Can Pay For With Bitcoin Cash

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Privacy in the online space is quite compromised these days and anyone who would like to protect their own may consider using a VPN service. There are many platforms on the market and some are catering to the crypto community. Cyberghost VPN is one of them and it takes bitcoin cash (BCH). Also read: Vaulty Aggregates All Your Cryptocurrency Addresses Using a Single Link The Crypto-Friendly VPN Provider Has 3,700 Servers in 60 Countries Beside the need to safeguard personal data, which is often exposed in industrialized societies, there’s also…