Day: May 21, 2019

Bitcoin’s Repeated Failures to Pass $8.3K Raise Risk of Price Pullback

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View Bitcoin risks a price pullback in the short-term, given the signs of bullish exhaustion around $8,300. A UTC close below $7,581 would validate a bearish “hammer candle” created on Monday and open the doors for a drop to the 30-day moving average, currently at $6,333. The case for a pullback would weaken if BTC settles above $$8,200 today, invalidating the hammer candle. Both the daily and 4-hour charts also indicate scope for a price pullback. Bitcoin (BTC) has failed three times in seven days to find acceptance above $8,300,…

US Court Claims Rapper T.I. Sold Unregistered Securities in FLiK ICO

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The Atlanta division of the United States district court of the northern district of Georgia claims in an order published on May 20 on Twitter by lawyer Stephen Palley that Rapper T.I. — real name Clifford Joseph Harris Jr. — sold unregistered securities in his FLiK initial coin offering (ICO). According to the document published by Palley, although the flik tokens had additional functionality (such as granting access to events), the token holders were promised profits from the work of the company. Harris’ business partner Ryan Felton allegedly said on…

Bitcoin Rebounds To $7,900, Why Analysts Expect Bullish Continuation

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The Bitcoin (BTC) bulls have done it. They have entirely shaken off last week’s flash crash, which saw BTC plummet to $6,100 on Bitstamp and $6,500 on other major exchanges. With this strong rebound, which came after a period of ranging between $7,000 and $7,300, analysts have adjusted their outlook to the new conditions. Related Reading: Analysts Expect Bitcoin to Drop Towards $7,300 After Failing to Stabilize Above $8,000 And, despite news that the U.S. Securities and Exchange Commission (SEC) has delayed its verdict on Bitwise’s Bitcoin exchange-traded fund (ETF)…

Infographic- Blockchain Technology

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The Blockchain is the centralized ledger of all transactions across a peer to peer network. Let’s delve into some of the statistics that will help in adumbrating the importance of Blockchain Technology. This infographic portrays the vital role of Blockchain Technology with respect to businesses and its essence in the monetary world today. Image Source: […] Source Original

Infographic- Blockchain Technology | CryptoX

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The Blockchain is the centralized ledger of all transactions across a peer to peer network. Let’s delve into some of the statistics that will help in adumbrating the importance of Blockchain Technology. This infographic portrays the vital role of Blockchain Technology with respect to businesses and its essence in the monetary world today. Image Source: […] Source Source If You Liked This Article Click To Share BlockchainInfographicTechnology CryptoX Portal

Chinese Central Bank-Led Fintech Research Institute Seeks New Blockchain Talent

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A fintech research institute established by China’s central bank, the People’s Bank of China (PBoC), has posted several new job openings for blockchain talent. The three listings were published to Chinese recruitment website Lagou.com on May 21. As its profile on Lagou.com outlines, the Shenzhen Fintech Research Institute is a unit jointly organized by the PBoC’s Digital Currency Research Institute, the Shenzhen Local Financial Supervision Bureau and the Futian District People’s Government. It is tasked with spearheading fintech and digital currency-related development projects under the aegis of the central bank…

Kraken $10 Million Equity Sale With BnkToTheFuture Seeks to Democratize Access

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United States cryptocurrency exchange Kraken is offering equity to users in a fundraiser that raised over $6 million in its first day, statistics confirmed on May 21. Kraken, which is one of the world’s oldest exchanges, is using Cayman Islands-based platform BnkToTheFuture to offer equity to vetted investors. These, it said in an accompanying marketing email seen by Cointelegraph, can be any Kraken user, subject to a minimum purchase of $1000. At press time, Kraken had raised just over €6.04 million ($6.76 million) from almost 300 investors, taking it to…

Merchants Accepting Bitcoin (BTC) and Crypto Falling

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Recently Flexa and Gemini set the crypto world abuzz with the launch of their real-time crypto payment platform. Through Flexa’s Spedn, a crypto app, crypto owners can now spend their hard-earned Bitcoin (BTC) and crypto or Gemini Dollar at over 15 of US giant retailers including Nordstrom and Whole Foods. Speaking on the development, Tyler Winklevoss of Gemini said that “merchants who are currently subject to overly complex, expensive legacy systems of credit and debit cards stand to benefit significantly.” As novel as this step towards cryptomass adoption is, many…

NYSE Arca Files Proposed Rule Change with SEC for Bitcoin-, T-Bills-Backed Investment Trust

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NYSE Arca has filed a proposed rule change with the United States Securities and Exchange Commission (SEC) for an application to list shares in a bitcoin (BTC) investment trust that would be backed by the cryptocurrency and T-bills. The development was revealed in an SEC filing published on May 20. The Chicago-headquartered exchange — a subsidiary of the New York Stock Exchange Group — outlined that the proposed trust would invest solely in bitcoin and short-term U.S. Treasury securities with a maturity of less than one year, also known as…

Matic Price Surges 76%, Is the Coinbase Listing In Sight?

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Photo: Coinspeaker It seems that this week began pretty great for Binance coins that were (and still are) killing it on the 24h leaderboard. Celer Network rose 39,9% to $0,02 while Fetch AI had also considerable growth of 37,84% to $0,28. However, the trophy goes to MATIC Network that surged more than 75% within 24 hours. Matic Network is a startup that provides an off/side-chain scaling tool for existing networks like Ethereum to ensure a better user experience in the context of dApps. The project was launched through Binance Launchpad…