Day: May 22, 2019

Pay me in Bitcoin (BTC), the Wave is Unstoppable

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Why pay us in fiat which only has no chance of appreciation? We want to be paid in Bitcoin. Even if it has chances of decreasing in value, it also has the opportunity of increasing in price. From a distance, this is the angle two football players are taking. Matt Barkley, an NFL quarterback, requested the Cincinnati Bengals and the San Francisco 49ers – which are his former teams- to settle his contract using Bitcoin. We Will Not! This was first reported by Anthony Pompliano, the co-founder of Morgan Creek…

BlockFi Slashes Ethereum (ETH) Interest Rate, Bumps BTC

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Cryptocurrency lending firm BlockFi has announced an update to their interest rates for Bitcoin and Ethereum, with the latter experiencing a severe cutback. According to the monthly update published on May 21, BlockFi reports that the month has been “fantastic” for the crypto ecosystem, and predicts the bear cycle is likely reaching its end. The company highlights the thousands of fans, traders and entrepreneurs who attended the 2019 Blockchain Week held in New York City as a testament to the industry’s growth. In addition, BlockFi reports that that their interest…

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

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Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%. Bitcoin 7-day price chart. Source: CoinMarketCap This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for…

Bitcoin Price Stuck Around $8K But Still Up Nearly 50% This Month

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View BTC has traded in a narrowing price range over the last 48 hours, aborting the immediate bullish view put forward by Sunday’s double-digit gains. A range breakdown, if confirmed, would allow a price drop toward $7,200. That looks likely with multiple signs of bullish exhaustion on the daily chart. The outlook, however, would again turn bullish if the contracting triangle ends with a bullish breakout. In that case, the price could rise to $8,500. Bitcoin is teasing a downside break of its recent trading range, having again faced rejection…

May to Become Strongest Month for CME’s Bitcoin Futures Trading: Report

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CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for BTC futures trading, industry news outlet The Block reports May 21. The publication has reportedly cited data from an external email from CME. The Chicago Mercantile Exchange purportedly revealed that the average daily bitcoin futures trading volume hit a new high of 14,000 contracts solely in May 2019. To date, May 13 has reportedly become the biggest trading day for CME’s bitcoin futures, with the platform having registered 33,700 contracts…

2 Chinese OTC Traders Accused of Illicitly Raising Bitcoin by Promising Interest

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Two Chinese over-the-counter (OTC) traders have been accused of running an illicit bitcoin (BTC) loan scheme and collecting bitcoin by promising interest on deposits, Chinese newspaper The Beijing News reports on May 22. According to the article, Yi Zhou and Xiang Li convinced traders to send them their bitcoin holdings by promising them interest on their deposits, obtaining over 7,000 BTC (nearly $54.7 million at press time) from over 100 investors. The allegedly defrauded investors first started cultivating suspicions when the interest — which was paid in yen — stopped…

China’s Blanket Ban on Crypto Trading Doesn’t Mean Individuals Can’t Own Bitcoin

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Photo: Shutterstock Sa Xiao, a Council Member at the Bank of China’s Law Research Association, unveiled that Bitcoin and a number of operations with it stay within the law frames of China. CnLedger, Chinese crypto news, reads: “It is legal to own bitcoins in China’ says Sa Xiao, Council Member at Bank of China Law Research Association, cited by The Beijing News. Besides, Xiao considers the occasional exchange of bitcoins between individuals and individuals is legal.” Worth reminding that the crypto climate in China is far from friendly. On September…

Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product

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CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21. As reported, CULedger joined the R3 global blockchain ecosystem in December 2018. The blockchain CUSO implements the technology to improve cybersecurity and mitigate fraud risks, as well as to streamline administrative and operational processes for the credit union industry. CULedger also provides a specific blockchain-based identification solution for credit union members. CULedger’s forthcoming…

Crypto Exchanges See Threefold Increase in New Accounts Since March

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Japanese cryptocurrency exchanges have seen new account openings increase up to 200% in the past two months, Cointelegraph Japan reported on May 22. Data obtained from three major trading platforms — Bitpoint, DMM Bitcoin and Coincheck — pointed to a significant increase in interest from entry-level investors since the end of March. The change in habits among those who assumedly did not use cryptocurrency before highlights the impact of rising prices on consumer interest, which rose in step with the return of a bull market across the industry. Daily account…

Ethereum (ETH) Sentiment Score At 5-Month Highs

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The general opinion score revolvingaround Ethereum (ETH) has been increasing, and its currently at a 5-month high.Data provided by enroyd, a sentiment analysis platform, captures the monthlyETH sentiment score at 0.179 as of April 30. This is a huge increaseconsidering that the score was below 0.156 in the whole of January this year. However, viewing the daily Ethereum (ETH) sentiment score between late Feb and May 20 brings out a mixture of extremely positive, positive, extremely negative, and negative sentiments. For instance, on Feb 21, the ETH dailysentiment score stood…