Day: May 30, 2019

Neo Upgrade Scheduled For Beginning of June, New Oversize Fee Added

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The Chinese-based blockchain platform Neo has announced plans to upgrade its mainnet on June 3 at 9:00 am (GMT), according to an official blog post on May 29. According to the announcement, one of the main consequences of this upgrade is the addition of an oversize fee — measured in the cryptocurrency GAS on the Neo blockchain — for high priority transactions over 1,024 bytes. The oversize fee for these transactions is determined by the formula, (transaction size) * 0.00001 GAS + 0.001 GAS, with a few special case exceptions;…

The Cryptopia Nightmare Drags on as Liquidators Struggle to Reimburse Hacked Users

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As the cryptocurrency market finds its legs in mid-2019, an unfortunate undercurrent persists vis-à-vis the floundering New Zealand exchange Cryptopia. Its one-time international popularity and solid reputation have already been ruined after the exchange dragged its feet on revealing a January hack, which cost its users somewhere in the region of $16 million in cryptocurrency drained from Cryptopia wallets. However, it was not long before new obstacles emerged in the way of an eventual settlement. Optimism surrounding the reimbursement of these funds to customers is now dwindling, as appointed auditing…

Bitcoin’s Price Fades Rally Above $9,000

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Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later. At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and climbed as high as $9,084 – its highest price since May 10, 2018, according to CoinDesk pricing data. However, sellers quickly halted the rally, causing the price of bitcoin to drop more than $500 to $8,548 in just 30 minutes after reaching…

Down $500 in Minutes: Bitcoin Rally Stalls As Price Rejected Above $9K

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Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later. At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and climbed as high as $9,084 – its highest price since May 10, 2018, according to CoinDesk pricing data. However, sellers quickly halted the rally, causing the price of bitcoin to drop more than $500 to $8,548 in just 30 minutes after reaching…

Binance’s Commitment Likely to Prop Bulls aiming at $70

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BNB in an uptrend, add 7.9 percent Changpeng Zhao’s determination is the driving force behind Binance Behind Binance Coin is a never-yielding team, keen on developing the ecosystem. With the leadership of Changpeng Zhao, Binance has its mainnet, is the world’s largest by adjusted volumes and most importantly, transparent. At the time of writing, BNB is up 7.9 percent in the last week and stable in the past 24 hours. Binance Coin Price Analysis Fundamentals True, Binance suffered a hack. However, that is not to say the exchange is porous.…

Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper

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The cryptocurrency community got riled up recently over Craig Wright’s U.S. copyright registration of the Bitcoin whitepaper and some of the code from the early software. However, on May 24 the U.S. Copyright Office saw a Bitcoin whitepaper registration by a man named Wei Liu, bringing another legal challenger to Wright’s claim of ownership over the seminal paper. Also read: Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash A Wild Whitepaper Copyright Challenger Appears The infamous Craig Wright, who claims to be Satoshi Nakamoto, has a legal challenger to…

Crypto Giant Coinbase Hints at First-Ever U.S. Bitcoin Margin Trading

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By CCN: For years, the global bitcoin margin trading market has been dominated by BitMEX, which at one point reached a daily volume of $10 billion on May 12, a new record high for the company. Now, Coinbase and Binance are looking to enter the market. New record for BitMEX trading volume. Praise be to volatility and our wonderful traders! pic.twitter.com/iLMGdpz65n — Arthur Hayes (@CryptoHayes) May 12, 2019 The previous all-time high was reached in mid-2018 when BitMEX reached 1 million bitcoin in daily volume, equivalent to nearly $9 billion.…

Bitcoin May be up 14.9% But Tom Lee Expects “Real FOMO” after $10,000

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BTC is steady above $8,500, add 14.9 percent Prices in an uptrend but real FOMO is after $10,000 says Tom Lee Tom Lee is an ardent Bitcoin supporter. Contrary to the mainstream view, he believes real FOMO for BTC will begin after prices rally past the psychological $10,000 mark. Currently, BTC is up 14.9 percent from last week’s close. Bitcoin Price Analysis Fundamentals A healthy blend of growing awareness, coupled with the involvement of industry heavyweights and improving infrastructure, is somehow giving Bitcoin momentum. At some point this week, there…

Bitcoin Breaks $9,000 In Latest Landmark Price Point

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Thursday, May 30 —  in the latest milestone of its renewed bull run, bitcoin (BTC) today broke past $9,000, soaring to its highest price point in over a year. Most of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin broke the psychological price point of $9,000 earlier today, hitting a high last seen in early May 2018. To press time, the top coin is up 1% on the day and is trading at $8,802, according to CoinMarketCap data. In recent…

Japanese Financial Services Agency Approaches Crypto ETFs With Caution, Cites Volatility

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The Japanese Financial Services Agency (FSA) showed a cautious approach towards cryptocurrency-based exchange-traded funds (ETFs) in comments at the finance committee of the upper house of the National Diet on May 30. Cointelegraph Japan reported on the comments earlier today. Per the report, local politician Takeshi Fujimaki noted during the meeting that he expects a crypto-based ETF to be approved in the United States, citing both positive and negative statements released by United States Securities and Exchange Commission commissioner Hester Peirce. He then noted that such a product would be…