Month: May 2019

Binance Coin (BNB) is 2019’s Most-Profitable Crypto at Insane 550% Gains

boss

By CCN: Binance is one of the world’s largest cryptocurrency exchanges and also the scene of a $40 million bitcoin theft. But that has not deterred the firm’s native token, Binance Coin (BNB), from becoming the 2019’s best performing digital asset. The BNB-to-dollar exchange rate established its year-to-date (YTD) high at $38.646 as on May 26, 2019. That took its profits this year to about 550-percent, including an approx 116-percent rise in May alone. In comparison, Bitcoin, the leading cryptocurrency, recorded a dwarfed 145-percent YTD gain. In truth, every digital…

Bitcoin Analyst Bets $250,000 BTC Plunges 75%: Here’s Why He’ll Lose

boss

By CCN: Several months ago, Tone Vays, a polarizing figure in the crypto community, laid down the gauntlet on Twitter. Doubling down on his gloomy short-term bitcoin price forecast, Vays challenged his critics to take on a bet that’s worth $250,000. Analyst: Bitcoin Price Will Crash Below $2,000 The terms are simple: if the bitcoin price drops below $2,000 before the 2024 halving, Vays wins, and the loser sends him 100 BTC (worth $200,000 that day). On the other hand, if bitcoin does not fall below $2,000 in five years,…

95% of Bitcoin Trade Volume Is Fake, Real Market Is Or

boss

At the 1997 edition of the annual Worldwide Developers Conference — an event put together by iPhone-maker Apple Inc. to communicate directly with its community of developers and users — a participant asked founder and then-CEO Steve Jobs the following question: “What do we do about the press? Wall Street Journal reporters get up in the morning, sell Apple short and then go write stories about us. And, it’s clear that it’s perception versus reality. They don’t know s— about operating systems. They don’t know anything about tools. They don’t…

EY Open-Sources ‘Nightfall’ Code for Private Transactions on Ethereum

boss

One of the world’s largest consultancy firms has released a new set of protocols for enabling private transactions atop the ethereum blockchain. The project, dubbed “Nightfall,” by Ernst & Young (EY) was released on GitHub Friday. The goal, according to the code’s description on GitHub, is to provide a means for transacting on ethereum with “complete privacy.” As it states: “Nightfall integrates a set of smart contracts and microservices, and the ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy.…

Coinbase Sides With Bitcoin Cash (BCH) Miners on 51% Attack Smack

boss

By CCN: Coinbase researchers have released their own investigative findings into the recent Bitcoin Cash 51% attack controversy, and their conclusions might upset many Bitcoin maximalists. When Bitcoin Cash came under attack during a scheduled hardfork in mid-May, a group of miners colluded to reverse the attacked blocks and return misappropriated funds to their rightful owners. The Bitcoin Cash camp came under heavy fire for this move by BTC supporters. But Friday’s blog post by Coinbase suggests the global cryptocurrency platform ultimately saw good sense in the decision. Bitcoin Cash…

Cred Bitcoin Lending Platform to Migrate its LBA Token to Binance Chain

boss

Binance, a leading Malta-based global cryptocurrency exchange has joined forces with Cred, a decentralized lending platform that claims to facilitate open access to credit anywhere and anytime, with the most competitive rates on BTC, XRP, ETH and fiat currencies, in a bid to promote the growth of the decentralized economy. The partnership will also enable Cred to migrate some of its native LBA tokens to Binance Chain, according to a press release on May 29, 2019. A Formidable Alliance Per a Business Wire press release, the Changpeng Zhao-led bitcoin trading…

Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid

boss

The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. On May 29, Christian Ander, the founder of Stockholm’s Btcx exchange, explained how instead of selling surplus solar energy, he’s been using it to mine bitcoin and making 10X the money he would selling the electricity to the grid. Also read: Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash Choosing to Mine Bitcoin Over Selling Power…

Bitcoin and Top Altcoins See Losses as US Stock Market Sees Slight Uptrend

boss

Friday, May 31 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,300 mark, with minor gains on the day. Market visualization courtesy of Coin360 Bitcoin is nearly 5% down on the day, trading at $8,320 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 3.7%. Bitcoin 7-day price chart. Source: CoinMarketCap As Cointelegraph reported earlier today, Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital,…

Bitcoin Blender Cryptocurrency Mixing Service Shuts Itself Down

boss

Cryptocurrency mixing service Bitcoin Blender has reportedly willingly shut down after issuing a short notice asking its users to withdraw their funds, tech news outlet BleepingComputer reports on May 30. Per the report, the message describing the service that appeared on the homepage of the website present both on the Tor network (often referred to as the darknet, dark web or deep web) and on clearnet before it shut down was the following: “We are a hidden service that mixes your bitcoins to remove the link between you and your…

Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout for June 3

boss

Cryptocurrency data aggregator and wallet provider Blockchain.info will launch trading of its fifth coin, paxos standard token (PAX), on Monday, the company told industry news outlet CoinDesk on May 31. Paxos is a United States dollar-pegged stablecoin, and its addition will be a first for Blockchain.info in the stablecoin space. Blockchain currently supports four cryptocurrencies: bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH) and stellar (XLM), having removed its limited bitcoin SV (BSV) options earlier this month. The company had hinted about the move for some time, surveying users about their…