Day: May 30, 2019

Bullish Fund Manager Bets on Ethereum after Stunning 112% Spike in 2019

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By CCN: Year-to-date, ether (ETH), the native crypto asset of the Ethereum blockchain network, has increased by 112 percent against the U.S. dollar, recovering to $285 from $133 at the start of the year. Ethereum (ETH) is up 112 percent year-to-date (source: coinmarketcap.com) Jehan Chu, a co-founder and a managing partner at Kenetic Capital, believes the Ethereum blockchain network is here to stay and that in terms of utility, ETH is leading the pathway for the rest of the market. Ethereum as the global supercomputer Since its inception in 2014,…

Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

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Three Irish banks have begun using a staff data solution running on blockchain technology, a joint press release confirmed on May 30. Together with the Institute of Banking (IoB), Bank of Ireland, AIB and Ulster Bank partnered with Big Four accounting giant Deloitte on the project, which verifies staff credentials. Deloitte developed the Ethereum-based tool using its dedicated EMEA Blockchain Lab. “This is a great application of blockchain technology to a vital area of banking. We are delighted to support The Institute of Banking and the banks involved in this…

How to Check Bitcoin Cash Transactions With a Block Explorer

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A block explorer is a tool that enables cryptocurrency users to search addresses, balances, blocks, and transactions so they can verify all activities on the network. Bitcoin.com offers a BCH explorer, helping you to keep track of your coins. Also Read: Wallet and Card App Crypto.com Adds Bitcoin Cash Support Learn to Use Bitcoin.com’s Block Explorer The bitcoin cash explorer homepage displays the latest mined BCH blocks and transactions that have been broadcast to the network, and it also lets you investigate any address, block hash or transaction. To check…

Bitcoin Remains on Hunt for $9K After Defense of Key Price Support

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View Bitcoin bounced up from $8,420 on Wednesday, forming a bullish higher low. The 4-hour chart now shows a bull flag breakout. As a result, a rally to $9,000 looks possible. A pennant breakout confirmed on Sunday has already created room for a rally to $10,000. On the way higher, BTC may face selling pressure near the key Fibonacci retracement level of $9,442. The short-term bullish case would weaken if BTC finds acceptance below the former resistance-turned-support at $8,390. A bearish volume divergence on the daily chart does indicate scope…

North Korea Launched Cryptocurrency Attacks in Response to Sanctions, Says FBI

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United States sanctions incentivized North Korea to launch cyberattacks involving cryptocurrency, a senior FBI official told a conference. The comments were quoted by South Korean English-language news outlet Korea Herald on May 30. Speaking at an event organized by U.S. thinktank The Aspen Institute, Tonya Ugoretz, deputy assistant director of the FBI’s cyber division, said financial strain had driven North Korean state actors to cybercrime. As Cointelegraph reported, Pyongyang is suspected to be behind several major campaigns involving cryptocurrency ransomware and theft in recent years. These have ranged from global…

Bitcoin SV (BSV) Price Crashes to $44 on BitFinex, Triggers Manipulation Fears

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By CCN: Bitcoin SV price witnessed a sharp fall on BitFinex on Thursday — a flash crash that dragged the cryptocurrency from $254 to $44 in a matter of minutes. BitFinex has no issued any clarification about the sudden dump of 25,000 BSV. It is likely that somebody mistakingly sold Bitcoin SV at the rate of $44 per unit, or that price manipulation was effective. What’s evident, however, is somebody matched the Ask Price and assisted Bitcoin SV to climb back to the old levels within minutes. BITCOIN SV PRICE…

Coinbase Not Currently Investing in Decentralized Exchange Sector, Executive Confirms

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United States cryptocurrency exchange Coinbase is not planning to launch a decentralized exchange (DEX), a senior executive told cryptocurrency news media outlet The Block in an interview on May 29. Speaking on a range of topics around Coinbase’s activities, Emilie Choi, the company’s vice president of Business, Data & International, said that despite acquiring P2P platform Paradex last year, decentralized trading is not a priority. “I think the decentralized exchange space, it’s gonna be interesting to watch it play out. I think it has a lot of potential,” she said.…

Bitcoin SV Pumps 82% After Fake Craig Wright News Tricks Chinese Market

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Bitcoin SV, the brainchild of the self-proclaimed Satoshi Craig Wright, went crazy with an 82% price increase over the last 24h. The unprecedented pump, which allowed the coin to take eighth spot on the CMC top 10, was allegedly triggered by fake news. What doesn’t kill you – makes you stronger, at least Craig Wright thinks so. His scammers boosted the price of Bitcoin SV (BSV) yesterday by publishing a fake news alert purporting to show again that Craig Wright is the real Satoshi. Masquerading as the Chinese news site…

Bitcoin and Ether Market Update: May 30, 2019

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The total crypto market cap added $7.6 billion to its value since May 27, 2019, and climbed up to $275.8 billion. The top ten currencies are all in green for the last 24-hours with Bitcoin SV (BSV) leading the pack with a stunning 89 percent gain, which also helped it enter the top ten list. At the time of writing bitcoin (BTC) is trading at $8,680 on the Bitstamp daily chart, while ether (ETH) stands at $285 and Ripple’s XRP moved up to $0.452. BTC/USD Bitcoin closed the previous week…

Sensational Crypto Bull Run Sees VC Chief Triple Down $30,000 Bitcoin Price

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By CCN: Kenetic Capital co-founder and managing partner Jehan Chu has said on “Bloomberg Markets: Asia” that he sees the bitcoin price surging to $30,000 by the year’s end. The bitcoin price is up 135 percent year-to-date (source: coinmarketcap.com) His projection of the bitcoin price comes after major financial institutions and technology conglomerates in the likes of Rakuten, Fidelity, Etrade, and TD Ameritrade have started to build services and infrastructure around the crypto asset market, with JPMorgan going as far as to develop its own digital asset. The bitcoin story…