Day: May 22, 2019

Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

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By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it. Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended losses. This just cost me 2k!!! Wtf man! Are u reimbursing this is not cool at all! — Wizard of Crypto😎 (@Chad158) May 22, 2019 At least five users reported losses…

Ethereum (ETH) 2.0 Breakthroughs Have Been In Place For One Year

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Ethereum 2.0 Ready To Roll Ethereum (ETH) isn’t exactly known for its scalability, despite the fact that it is the second most valuable cryptocurrency in circulation. In fact, during late-2017’s crypto boom, the blockchain was clogged by thousands of transactions pertaining to CryptoKitties, the blockchain collectible fad. However, according to a recent tweet from Vitailk Buterin, the creator of the blockchain, Ethereum is ready to scale through an upgrade called 2.0 (or Serenity), which will implement Proof of Stake (PoS), sharding, and other technical advancements. As Buterin explained, Serenity could…

South Korean Gov’t Announces Second Study Group for Blockchain Regulations

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The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21. The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain tech could achieve widespread institutional adoption. The Blockchain Regulation Improvement Study Group was launched in June of last year, and initially focused on improving legal regulations pertaining to blockchain…

Bitcoin Miners are Hoarding, Demand Is Rising

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By CCN: Now that the bitcoin price is holding at the $8,000 level, investors are anxiously awaiting what comes next. Bitcoin’s value has expanded by 50% over the last 30 days, but the bulls are currently taking a breather and momentum appears to have stalled. Crypto fund manager Brian Kelly on CNBC provided some anecdotal evidence that the bitcoin price is only getting started, not the least of which is that miners are reportedly hoarding bitcoin rather than directing it toward total circulation, which is helping to fuel gains in…

Copyright Registrations Do Not Recognize Craig Wright as Satoshi Nakamoto

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Copyright registrations for the Bitcoin white paper and the bitcoin (BTC) source code by the United States Copyright Office do not mean that Australian computer scientist Craig Wright is recognized as Satoshi Nakamoto by the government, the Financial Times reported on May 22. The development follows news that Wright filed copyright registrations for the Bitcoin white paper authored under the pseudonym Satoshi Nakamoto. A news release from May 21 claims that U.S. officials received confirmation that Wright is indeed Satoshi Nakamoto, but the news has been met with skepticism from…

Bitcoin Soon to Move Back to $7,000, Markets to Consolidate

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A cryptocurrency trader at the New York Mercantile Exchange (NYMEX) said that bitcoin (BTC) will likely move back to $7,000 and consolidate soon in an interview with CNBC on May 21. Delivering his comments on CNBC’s Trade Alert show, Anthony Grisanti of NYMEX said that he thinks the price of bitcoin will get back to $7,000 in a short period of time, meaning that the market will consolidate. “I think it consolidate a little bit … I think consolidation for this market is very healthy,” Stutland stated. The trader further…

Brian Kelly Talks Bitcoin (BTC) ‘Halvening,’ Gives Portfolio Recommendation

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Brian Kelly, CEO of digital currency investment firm BKCM LLC and regular pundit on cryptocurrency, appeared on CNBC to explain Bitcoin’s current run to $8000 and how he imagines the price could rise even further. Speaking with CNBC’s Fast Money program on May 21, the fund manager highlighted Bitcoin’s upcoming ‘halvening’ as a potential multiplier for the price of the currency. While the next reduction in mining rewards–when the payout falls from 12.5 to 6.25 BTC per block mined–is still a year away, Kelly believes the market ramifications will be…

Here’s Why Gold Bull Peter Schiff is Blessing in Disguise for Bitcoin

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The economic atmosphere in the United States has changed drastically over the last six months. Ahead of last year’s close, the stock market tanked, consumer spending experienced a sharp decline, and prominent economists predicted that a recession was around the corner. And now, in May, the US economy is working smoothly and steadily without any sudden changes. Nevertheless, the pessimism and uncertainty about the future are higher than they have been since the last economic crisis. Business confidence underwent a terrible shock earlier this year due to the US government…

Here’s Why Gold Bull Peter Schiff is Blessing in Disguise for Bitcoin

boss

The economic atmosphere in the United States has changed drastically over the last six months. Ahead of last year’s close, the stock market tanked, consumer spending experienced a sharp decline, and prominent economists predicted that a recession was around the corner. And now, in May, the US economy is working smoothly and steadily without any sudden changes. Nevertheless, the pessimism and uncertainty about the future are higher than they have been since the last economic crisis. Business confidence underwent a terrible shock earlier this year due to the US government…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 22

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Analysts believe that the rally in Bitcoin might witness a short-term blip but is likely to resume its up-move and reach $9,659 by year’s end. The reason for the rise can be attributed to various positive developments in the crypto field and also to the…