Day: June 4, 2019

Bitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath

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By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs. In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing. BSV Climbs While BTC Sinks It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For…

Bitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath

boss

By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs. In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing. BSV Climbs While BTC Sinks It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For…

Crypto Trading Platform OKCoin Expands Its Services and Opens Office in Malta

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Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and withdraw euros, as well as participate in euro spot trading for cryptocurrencies such as bitcoin (BTC), ether (ETH), and bitcoin cash (BCH). Per the post, the exchange is planning to add more euro digital asset pairs in the future. Apart from expanding its trading, OKCoin has opened an office in Malta…

Ethereum (ETH) Correction An Opportunity For The Savvy To Capitalize

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Ethereum (ETH) drops 3.7 percent SEC flexibility shall boost innovation The motive of Blockchain.com’s acquisition of a blockchain startup is to merge knowledge, work towards improving security, and solving interoperability issues. However, that was not enough to move this market. Ethereum (ETH) is down 3.7 percent in the last 24 hours. Ethereum Price Analysis Fundamentals The crypto markets may be shaky, but that’s just about it. Fundamentals and other on-chain developments are bullish. Of the many projects whose tokens are depreciating as analysts root for their recovery, Ethereum (ETH) is…

SEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017

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The United States Securities and Exchange Commission (SEC) has sued Canadian startup Kik for an unregistered $100 million token offering, the regulator officially announced on June 4. According to the SEC’s complaint, Kik violated the registration requirements of Section 5 of the Securities Act of 1933. The agency is seeking a permanent injunction, disgorgement plus interest, and a penalty. Specifically, the securities watchdog alleged that in late 2017, Kik raised $100 million through a digital token sale that was not compliant with U.S. securities laws, as it had not registered…

Bitcoin Will Conquer Wall Street

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By CCN: Bitcoin will completely disrupt the entire tech industry, Silicon Valley, and Wall Street. That’s the wildly-optimistic outlook of a former executive at crypto unicorn Coinbase. Crypto Will Disrupt EVERYTHING Despite making a surprise exit from the cryptocurrency exchange last month, Balaji Srinivasan says he remains a firm believer in bitcoin’s future. Srinivasan served as Coinbase’s chief technology officer (CTO) for close to a year before announcing his departure in May. One month later, Srinivasan unleashed a tweetstorm concretizing his reputation as the most rabid of bitcoin bulls. More…

Bitcoin Buyers Exhausted, Is This A Pause Before $10,000 And Beyond?

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BTC is weak, down 6.1 percent Real FOMO is after BTC blast past $10,000 according to Tom Lee After two months of higher lows and higher highs, BTC bulls are exhausted. In the last day, the asset is down 6.1 percent. As bears press lower, it is likely that prices will crumble to $7,500 or worse in an inevitable correction. Fundamentals There is a market-wide price dump, and understandably so, Bitcoin is undergoing a correction. Like most high liquid crypto assets, BTC is registering losses. Earlier today, the world’s most…

After Six Months of Bliss, Litecoin (LTC) is Heating Up and May Sink to $60

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Litecoin (LTC) slide 4.9 percent Halving talk dominates, demand expected to increase Like Bitcoin (BTC), Litecoin is peaking, dropping 11.4 percent from last week’s close. That’s despite the impending block reward reduction, set to activate in early August, and other inbound positive fundamental factors. All in all, any break out above $120 will catalyze participation, driving demand, wiping the losses of May 30’s downturn. Litecoin Price Analysis Fundamentals In the top 10, Litecoin (LTC) is one of the best performing digital assets. Six months after bottoming, the sixth most valuable…

Justin Sun Wins the Opportunity to Sell Bitcoin to Longtime Critic Warren Buffet

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Justin Sun, the founder of TRON (TRX), bid a record $4.57 million to win an eBay charity auction that would allow him to have lunch with investment wizard Warren Buffet, Bloomberg reports, June 3, 2019. Sun Meets Buffet Sun, the founder of smart contract platform TRON, is well-known within the cryptocurrency community for his aggressive marketing and business building strategies. According to crypto data provider CoinMarketCap, Sun’s project ranks among the top fifteen cryptocurrencies in the world with a market cap of over $2.2 billion. In an attempt to reroute…

Crypto Exchange Bankrupt After Blockport STO Ends in Utter Disaster

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By CCN: Amsterdam-based cryptocurrency exchange Blockport has declared bankruptcy after its security token offering (STO) flamed out in disastrous fashion. Blockport launched a token sale between April 16 and May 15, in which the crypto exchange sought to raise €5 million ($5.62 million). But it didn’t work out as planned. Crypto Exchange Token Crashes 93% After STO Announcement The Blockport cryptocurrency crashed 93 percent. It hasn’t exactly been a great investment. | Source: CoinMarketCap In a blog post last month, Blockport Founder and Chief of Product Sebastiaan Lichter announced that…