Day: June 7, 2019

Bitcoin Reclaims $8K as Coins See Green, Experts Warn of Ominous Stock Market Volatility

boss

Friday, June 7 —  after recent shaky sentiment, the crypto markets are today back firmly in the green, with bitcoin (BTC) breaking back above the $8,000 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Having bullishly surged above the psychological price point of $9,000 in May, bitcoin has since seen significant corrections — briefly trading below $7.600 on June 6. To press time, the top coin is seeing solid green, breaking back above $8,000 to trade at $7,003 — up roughly 1.8% own on the day, according to…

Litecoin Price Soars 18% and Halving Excitement Could Boost Value Higher

boss

By CCN: The litecoin price has appreciated more than 18-percent this week, and fundamentals suggest that it could go even higher. Litecoin is having the best week among the top cryptocurrencies.  Source: Tradingview The LTC-to-dollar rate today established an intraday high of $114.89 on Coinbase exchange. That took its 24-hour adjusted gains to 8.60-percent, the highest among the top cryptocurrencies on a bullish Friday. The move further helped Litecoin erase losses incurred during the last week’s downside action entirely. At the same time, the world’s largest cryptocurrency, bitcoin, was still…

Broken Down: The Subtle Differences Between ICO, IEO and STOs

boss

In the crypto and blockchain sphere there is plenty of terminology you will hear over and over such as: mining, nodes, validation, etc. The most commonly used terms are undoubtedly ICO, IEO and STO. But does anyone really know the difference? Sure, we know they are all different methods to raise funds through cryptocurrency exchange but how does a company decide which path to choose? A comparative analysis between the three options will help us pick out the right method for a particular project. What is an ICO? Since ICOs…

Press Rumors About My Blockchain Plans Are False

boss

The former CEO of long-defunct Japanese cryptocurrency exchange Mt. Gox denied press claims he is returning to blockchain in comments to Cointelegraph on June 7. Mark Karpeles, whom a judge acquitted of embezzlement in March and is currently appealing a lesser conviction of data manipulation, says his activities with Tristan Technologies will not involve the cryptocurrency sector. As Cointelegraph reported, local Japanese media had interpreted remarks at a press conference on June 5 as meaning he was preparing to conduct blockchain-related activities. The Frenchman wished to make Japan a leader…

Major Consultancy Firm McKinsey Says Retail Banking Sector Slow to Adopt Blockchain

boss

“Big Three” management consultancy firm McKinsey & Company has argued that blockchain technology is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment. The news was reported by Bloomberg on June 7. McKinsey reportedly characterized retail banks as nervous and cautious when it comes to blockchain, as distinct from their ostensibly more adventurous investment banking counterparts. Factors contributing to this difference include, McKinsey argues, a more stringent regulatory environment for consumer finance and the controversial reputation of blockchain-based decentralized cryptocurrencies such as bitcoin (BTC).…

Bitcoin Price Eyes Stronger Recovery Rally After Bounce to $8K

boss

View Bitcoin has bounced back to $8,000, forming a double bottom breakout – a bullish price pattern – on the 4-hour chart. The price breakout has opened the doors to $8,400. On the way higher, BTC may face resistance at $8,350. A rally to $8,350, if any, could be short-lived if trading volumes remain low. A break below $7,432 (June 4 low) would revive the case for a drop to the 50-day moving average at $6,915. Bitcoin has recovered to $8,000 after defending key support for two consecutive days and…

Polish Cryptocurrency Exchange Coinroom Exit Scams With Customer Funds

boss

By CCN: Coinroom, one of the largest cryptocurrency exchanges in Poland, has suddenly closed down its services in April as part of an exit scam that had left thousands of customers as victims. According to the Polish media outlet Money.pl, Coinroom customers received an email on April 2 stating that the cryptocurrency exchange is terminating their contracts and they have one day to withdraw their funds. Failing to do so within that time would force users to request withdrawals by sending an email directly to the Coinroom support team. Coinroom…

Ripple Acquiring MoneyGram Was Fake News But It Gave XRP Price the Boost

boss

After a rumor broke out yesterday that a California-based crypto start-up Ripple has acquired the major US-based money transfer company MoneyGram, both companies refused to comment. Still, even the rumor was enough for XRP price 8% boost. Yesterday someone calling himself @TheCryptHawk on Twitter circulated a false rumor about Ripple acquiring an international money transfer company MoneyGram. Seems like it’s out! #Ripple acquired MoneyGram leading to a huge access / deal with Walmart! More to come believe me … — CryptHawk (@TheCryptHawk) June 5, 2019 However, as it’s quickly found…

Russian Officials Will Rate Anime, Porn, Gaming and Bitcoin

boss

Russian Officials Will Rate Anime, Porn, Gaming and Bitcoin June 7, 2019 by Jeff Fawkes It’s not only American values and European sexual traditions that fall foul of the Russian government’s heavily restrictive internet content policy. While it’s often used as an excuse, government rules on objectionable content are used to block any websites it can’t control. Also read: Bitcoin Price Topped $9000, Could Activate a New Resistance at $10K Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Columbine Violence, Computer Games And War High officials insist…

Bitcoin a Good Buy if Trade Tension Persists, Admits Wall Street Skeptic

boss

By CCN: The frequently volatile stock market provides rare hideouts for investors but one of them could be bitcoin, according to Mr. Peter Boockvar of Bleakley Advisory Group. The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets. “I watch bitcoin as a…