Month: May 2019

Crypto Tidbits: AT&T Accepts Bitcoin, Grayscale Ethereum Trust Launches Publicly, Binance Margin Inbound

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Another week, another round of Crypto Tidbits. The past week saw not much happen in the cryptocurrency market. Bitcoin (BTC) traded relatively flat, save for a few bouts of major volatility, and other digital assets followed suit. Some altcoins, however, saw a helluva week. Binance Coin, Chainlink, and Litecoin come to mind first. The cryptocurrency space has been tumultuous as of late; we’ve seen both positive and negative news. But there’s an underlying theme: the industry is growing at a rapid rate. Over the past seven days, we’ve seen AT&T…

Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

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By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless, some Binance Coin (BNB) holders panic-sold under the assumption that CZ would dump BNB to pay for the damages. They were wrong. In this…

Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

boss

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover the damages through the Secure Asset Fund for Users, or SAFU. Nevertheless, some Binance Coin (BNB) holders panic-sold under the assumption that CZ would dump BNB to pay for the damages. They were wrong. In this…

Is Bitcoin (BTC) Basically A Tech Stock On Steroids?

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There’s been a lot of talk about bitcoin being “digital gold” but could a comparison be better made with high-flying tech stocks? For crypto followers looking for an answer to the critics who say it isn’t backed by anything and no one really uses it to buy stuff, the digital gold idea is a handy riposte. If bitcoin is indeed digital gold then it is the cost of mining it that informs the measure of its intrinsic value, and that has been variously calculated to be anywhere between circa $4,000…

Bitcoin Prices May Surge But High Fees a Challenge

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Bitcoin up 9.5 percent High transaction fees will lead to financial exclusion In Jeff Garzik’s deduction, high Bitcoin fees, despite Lightning Network development, will, in the long run, slow down adoption. Meanwhile, Bitcoin is up 9.5 percent from last week’s close trading above $8,000. Bitcoin Price Analysis Fundamentals Jeff Garzik is one of Satoshi’s early collaborators. Together with Garvin, they are relentless in their advocacy for a trustless network. He diverged from Bitcoin and was an ardent supporter of Segwit2X, a scaling solution that failed to take off.  Jeff now…

Bitcoin.com Launches Free Bitcoin Cash Register Platform for iOS Devices

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About a month ago, Bitcoin.com launched its free point-of-sale solution, Bitcoin Cash Register, for Android operating systems. This week our developers have released Bitcoin Cash Register for iOS mobile phones allowing any merchant with an Apple device to accept bitcoin cash payments. Also read: How to Use Bitcoin.com’s New Point-of-Sale Solution — Bitcoin Cash Merchant for Android Devices How to Set Up Bitcoin Cash Register for iOS Devices Bitcoin.com is all about spreading mass adoption of bitcoin cash (BCH). One way to bring the masses toward BCH is getting merchants…

Building XRP Use Cases, Will Stefan Thomas AMA Trigger a Ripple Rally?

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Ripple consolidating with caps at 40 cents After Kava and Switch, Stefan Thomas’ AMA may drive XRP prices Coil is a blogging platform monetize content, rewarding creators with XRP or USD. It is a creation of Stefan Thomas, a former employee of Ripple. In an AMA session, the community is waiting for gems that will probably spur participation, driving XRP above 40 cents. Ripple Price Analysis Fundamentals Stefan Thomas, the former Ripple Chief Technical Officer (CTO) and creator of the InterLedger Protocol, will hold an ask-me-anything (AMA) session on May…

EOS Developers Attempt 10% Buyback Ahead of Major Announcement

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Earlier this week, it was revealed that EOS developer Block.one is attempting a 10% buyback of its stock, reportedly the second one in less than a year. It seems that some of the company’s investors are up for a big payday: The earliest backers could expect a hefty 6,567% return on their initial investments, while Michael Novogratz has already managed to secure a much more modest, though still profitable, 123% return. But why would Block.one buy its shares back in the first place? It appears that the startup’s executives are…

Major Swiss Telecoms Firm Swisscom to Distribute Tokenized Artwork

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Major Swiss telecommunications company Swisscom announced its plans to distribute tokenized artwork through its Swisscom TV television network. The news was revealed in a press release published on May 22. Per the release, limited artworks — initially 100 works by 30 artists — from selected artists are exclusively available on the Swisscom TV box through the NOOW app. The app was developed by Swiss tokenization startup Dloop. The works have been chosen by Stefanie Marlene Wenger, who commented in the press release on the development: “This is about more than…

Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis

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The total crypto market cap grinded higher and tested the $245.0B resistance area. Bitcoin price is currently consolidating near the $8,000 level. EOS price broke the $6.30 resistance and it is currently moving towards the $6.40 level. Binance Coin (BNB) is surging higher and it recently broke the $35.00 resistance. Bitcoin cash price is trading nicely above the $400 support area. Tron (TRX) price is slowly moving higher towards the $0.0292 and $0.0295 resistance levels. The crypto market cap is gaining bullish momentum, with positive moves in bitcoin (BTC) and…