Day: June 5, 2019

Binance CEO Turns Down Sun’s Offer to Join $4.5M Lunch with Warren Buffett

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Photo: Binance / Facebook After a mysterious week filled with teasers, the TRON CEO revealed that he won a lunch with the legendary Warren Buffet. As part of his winning $4.5 million bid for a lunch, Justin Sun can invite seven guests to accompany him. His preliminary picks were Litecoin’s Charlie Lee, Ethereum’s Vitalik Buterin, and Changpeng Zhao (CZ) of Binance. As we reported, Sun won the lunch in an auction towards the GLIDE charity. He revealed through Twitter that he placed a bid of $4.57 million to lunch with crypto-basher…

Bitcoin Price Plunges 18% and Traders Fear Crushing Drop to $6,400

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By CCN: In the past 12 hours, the bitcoin price dropped $7,432 on regulated crypto exchanges such as Bitstamp, recording a 19 percent drop in a span of nine days. The bitcoin price has dropped by more than $1,000 in the past nine days (source: coinmarketcap.com) At its yearly peak recorded on May 29, the bitcoin price surged to as high as $9,096, nearly achieving a 140 percent year-to-date gain against the U.S. dollar. Following the steep fall in the bitcoin price, several traders foresee the dominant crypto asset continuing…

Use Cases and Potential Applications

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Cryptocurrencies have gone a long way since the day when, nine years ago, Laszlo Hanyecz had paid 10,000 bitcoins for two large Papa John’s pizzas, marking the first purchase of tangible goods for digital money. Although bitcoin is still far from being universally accepted by retailers, thousands of merchants around the world are taking crypto in exchange for goods — and their ranks grow daily. The latest of the big developments in this vein came up at this year’s Consensus conference, as blockchain startup Flexa made public its partnership with a number…

FBI Brings Crypto Exchange QuadrigaCX Investigation to the United States

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By CCN: The FBI officially expanded the QuadrigaCX case, in which the founder suspiciously died, and more than $100 million in cryptocurrency was lost, to the United States today. The agency took to Twitter to ask for US-based victims of the crime to come forward. They then provide a link to a questionnaire the victim can fill out, including details like how much you lost. The FBI Is Officially Looking Into QuadrigaCX. Source: FBI on Twitter The ongoing trend of government intervention is either part of an evolution or a…

Bitcoin Cash (BCH) Registers A Double Digit Loss, $230 Incoming?

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BCH crumble, fall by 10.4 percent Hard forks make Bitcoin Cash vulnerable After a brutal Q4 2018, Bitcoin Cash (BCH) recovery in 2019 was spectacular. However, May’s hard fork and an undesired 51 percent attack was a stain, but a necessary intervention. In a retest, BCH is retracing and could fall back to $230 in a bear trend continuation. Bitcoin Cash Price Analysis Fundamentals Within the blockchain circles, nothing is as dreaded as a Majority Attack. Better known as a 51 percent attack, this rare assault happens when a miner,…

Bitcoin (BTC) Price At Risk Of Additional Weakness: $8,000 Holds Key

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Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar. The price even broke the key $7,600 support level and it is currently recovering higher. There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle near the $8,000 and $8,200 resistance levels in the near term. Bitcoin price is facing an increase in selling pressure against the US Dollar. BTC might…

Ethereum (ETH) Price Turns Short Term Bearish: Sell Rallies?

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ETH price started a steady decline and broke the $252 support area against the US Dollar. The price traded towards the $230 level and formed a new swing low at $233. There is a major bearish trend line forming with resistance near $246 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either recover above $250 or decline again towards the $230 level. Ethereum price moved into a bearish zone versus the US Dollar, but was stable vs bitcoin. ETH price is currently recovering higher, but…

Who Should Tron’s CEO to Bitcoin Cynic Buffett’s Charity Lunch?

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Bitcoin Hater Buffett To Endure Lunch With To-Be-Named Crypto Boosters On Monday, crypto history was made when Bitcoin hater Warren Buffett was revealed to be having lunch with Tron’s Justin Sun. For those who missed the memo, Sun managed to outbid all of Wall Street and Silicon Valley in an auction for the investor billionaire’s upcoming charity lunch, auctioned off on eBay. The Chinese technology entrepreneur, best known in the cryptocurrency space for launching the Tron blockchain and acquiring BitTorrent, paid a jaw-dropping $4.57 million. With this lunch, Sun hopes to…

Who Should Tron’s CEO to Bitcoin Cynic Buffett’s Charity Lunch?

boss

Bitcoin Hater Buffett To Endure Lunch With To-Be-Named Crypto Boosters On Monday, crypto history was made when Bitcoin hater Warren Buffett was revealed to be having lunch with Tron’s Justin Sun. For those who missed the memo, Sun managed to outbid all of Wall Street and Silicon Valley in an auction for the investor billionaire’s upcoming charity lunch, auctioned off on eBay. The Chinese technology entrepreneur, best known in the cryptocurrency space for launching the Tron blockchain and acquiring BitTorrent, paid a jaw-dropping $4.57 million. With this lunch, Sun hopes to…

Israeli Supreme Court Sides with Crypto Exchange in Bank Account Case

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By CCN: Bits of Gold, Israel’s largest broker of bitcoin and Ethereum, can keep its bank account with the country’s biggest bank. That’s the decision from Israel’s Supreme Court on Monday. It overturned a district court’s earlier decision to allow Bank Leumi to close the Israeli crypto exchange’s account. Bits of Gold scored a victory for Israel’s entire crypto industry. | Source: Twitter Bits of Gold’s Second Court Victory This isn’t the first time Bits of Gold has run into trouble with Bank Leumi; neither is it the first time…