Day: May 21, 2019

Crypto Startup Circle Cuts Staff, Cites Bitcoin Market Conditions

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According to a recent tweet from Jeremy Allaire, the co-founder of crypto startup Circle, he has just made the decision to eliminate (fire) a number of employees. Allaire says that “approximately 30” positions were purged, 10% of the company. This news comes on the heels of a massive rally in the Bitcoin price, giving an intriguing bit of insight into Circle’s financial standing. This is first major industry layoff in a number of weeks, as firms have slowed down their resizing efforts following Bitcoin’s jaw-dropping move from $4,200 to $8,000,…

‘Blockchain Is Really Democratizing a Lot of Things,’ Interview With Marta Piekarska, Director of Hyperledger’s Ecosystem

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This interview has been edited and condensed. Hyperledger, an open source project, was created in 2016 by the Linux Foundation in order to support the development of blockchain-based distributed ledgers. All the members of Hyperledger — including such major actors as Intel, Accenture, JPMorgan Chase, Hitachi, Fujitsu, Alibaba Cloud, Citigroup, Deutsche Telekom and many others — find their interest in blockchain technology and discuss it with Marta Piekarska, who is in charge of the project’s ecosystem.   We met Marta at the Anon Blockchain Summit in Vienna and talked about…

Tether Says It Invested Some of Its Reserves Into Bitcoin and Other Assets

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Stablecoin issuer Tether said that it had invested some of its reserves in bitcoin (BTC), according to a court filing obtained by tech-focused media outlet the Block on May 21. Per the document dated May 16, David Miller, an attorney for Tether’s associated firm Bitfinex, said that Tether invested “a small amount” of Tether’s reserves into bitcoin, specifying that “prior to the April 24th order … Tether actually did invest in instruments beyond cash and cash equivalents, including bitcoin, they bought bitcoin.” Miller further said that Tether made “other investments,…

Crypto Space Needs Regulatory Certainty

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The cryptocurrency space needs regulatory certainty and the current definition of cryptocurrency is too broad, said the CEO of crypto finance startup CIrcle, Jeremy Allaire, in a blog post on May 20. Allaire’s statement comes in the wake of the “geofencing”  of nine different coins for United States-based clients of digital currency exchange Poloniex, which is owned by Circle Internet Financial. Poloniex said then that the decision was motivated by the uncertain regulatory environment in the country. In the recent post, Allaire stated that digital assets represent a fundamental new…

Crypto Custody Firm Ledger Vault to Provide Services to Crypto Broker Voyager Digital

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Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, will provide its services to Canadian cryptocurrency broker Voyager Digital, according to a press release shared with Cointelegraph on May 21. Per the release, Voyager Digital will integrate Ledger Vault’s multi-authorization cryptocurrency wallet management system into its trading platform with the aim to increase its overall cybersecurity. Voyager CEO Steve Ehrlich said that Ledger Value ensures “security of our customer assets on the Voyager platform without compromising the speed and liquidity they’ve come to expect from Voyager. It’s also a…

Coinbase’s Ethereum (ETH) Volume Spike a Hint, Up 28.1 Percent

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Ethereum (ETH) up 28.1 percent Trading volumes surge ahead of Istanbul hard fork and Serenity Serenity is supportive of prices. So far, Ethereum (ETH) is up 28.1 percent. Even so, there is room for further upsides once there is a close above the psychological $300 mark. Ethereum Price Analysis Fundamentals Several factors are behind investors’ confidence in Ethereum (ETH). Apart from liquidity, fundamentals are overly bullish. Because of expectations and belief of how prices will pan out in days ahead, ETH is literally on a roll. Week to date, prices…

Craig Wright Copyrights BTC White Paper, Bitcoin SV Soars 90%

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Craig Wright, the famous frontman of Bitcoin SV, also known as a self-assumed Satoshi Nakamoto, has filed documents to patent the ownership of the original BTC code and the white paper made by Satoshi Nakamoto Perhaps, the second highly notorious person in the crypto industry after John McAfee, Dr Craig Wright, has found a way to attract even more attention than when he was suing major crypto figures. This time, he decided to act using the global system of patents. A mere registration is seen as a victory The news…

Strong Barriers at $8,500, But Bitcoin (BTC) Bulls are Firm

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Bitcoin (BTC) stable and ranging The US SEC delays VanEck Bitcoin ETF decision date by another three months Bulls are resilience, and after shaking off the $1,000 drop of May 19, Bitcoin is stable and ranging. Even so, any break and close above $8,500 will draw buyers aiming at $10k or higher confirming bulls of early April. Bitcoin Price Analysis Fundamentals That the dreaded crypto winter is finally over, is true. Analysts say fundamental and technical factors are aligning and that will likely lift Bitcoin prices to new highs as…

Ripple (XRP) add 21.7 Percent, Resistance at 40-43 cents Zone

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Ripple (XRP) ranging but the uptrend is firm XRP classification will either trigger a rally or a large-scale dump Like most liquid assets, Ripple (XRP) is consolidating, trading inside May 14th and 15th high low in a bullish breakout pattern. All the same, bulls are in pole position. As fundamentals and candlestick arrangement diverge, it is only a matter of time before prices breach 50 cents as buyers aim at 60 cents. Ripple Price Analysis Fundamentals At 39 cents, Ripple (XRP) market dominance is 6.75 percent, trailing Bitcoin and Ethereum…

Bernie Fan Sniffs Out Bitcoin Cash Stash, Hilariously Exposes Wallet Key

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By CCN: A Bernie Sanders voter found a stash of hidden Bitcoin Cash (BCH) – and almost gave it away immediately. No, they didn’t turn up at the local donation center only to find that it was closed. Rather, as apparent newbies to the cryptocurrency game, they did the one thing you should never do – they selfied the paper wallet’s QR code and uploaded it to Twitter. Bitcoin Cash Treasure Hunt: Coming to a Town Near You Three of the crypto wallets were found, while one is still hidden.…