Day: June 23, 2019

What Boosted Bitcoin (BTC) Past $10,000? These Analysts Think It’s Facebook Libra |

boss

Over the past few weeks, Bitcoin (BTC) analysts have been wrestling with what has been pushing the cryptocurrency market higher. Some have said that this swing to the upside, marking the start of so-called “crypto spring”, was catalyzed by technical events; Others have looked to fundamentals. A recent analysis performed by The TIE, a crypto analytics provider, claims that BTC was, in fact, boosted by fundamental news. More specifically, the launch of Facebook’s digital asset purportedly boosted public sentiment regarding Bitcoin on a large scale. Related Reading: Bitcoin (BTC) Price…

In This Week’s Video Update: BCH Dev Fund Exceeds Target, Bitcoin.com Reveals Rebrand

boss

The Bitcoin Cash Developer Fund has reached its 800 BCH goal in less than a month since the start of the community-driven fundraising campaign. You’ll find more details on how to support the initiative in the weekly update from Bitcoin.com. Check out the video for other interesting news from the Bitcoin Cash space. Also read: Riddell Travel Will Help You Arrange Your African Tour With BCH Developer Fund Doubles Donation Goal to 1,600 BCH The BCH Dev Fund has surpassed its 800 BCH goal by well over a quarter in…

Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

boss

Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23. An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access to other users’ accounts. The two allegedly created credential-stealing clones of major online cryptocurrency exchanges and wallets and sent links to…

Trade Bitcoin? Here’s Why You Absolutely Need to Also Buy Gold

boss

By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that…

Trade Bitcoin? Here’s Why You Absolutely Need to Also Buy Gold

boss

By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that…

Microsoft and Ethereum Foundation Swell the Hyperledger Ranks Amid Growing Cross-Industry Blockchain Collaboration

boss

United States tech giant Microsoft and the Ethereum Foundation are among the latest companies to join the ranks of the Hyperledger greenhouse hosted by the Linux Foundation. Many notable names in the tech and wider business fields today are developing enterprise-grade solutions based on the expanding set of tools built on Hyperledger. These institutional blockchain projects cut across both financial and nonfinancial distributed ledger technology (DLT) utilization. Presently, there are pilot projects geared toward identification systems, supply chain management (SCM) and provenance, to mention a few. On the whole, members…

CabbageTech Crypto Scheme Operator Pleads Guilty to Wire Fraud

boss

46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them in cryptocurrency, Bloomberg reports on June 21. Per the report, McDonnell — who calls himself the “coyote of Wall Street” — pleaded guilty to wire fraud on Friday in federal court in Brooklyn. He allegedly declared: “I claimed to invest it in virtual currency and spent it on personal expenses.” McDonnell attracted investors to his firm CabbageTech by claiming on social media to have traded over $50 million worth of bitcoin (BTC)…

Firm Behind Zcash to Introduce New Version of Protocol With Sharding

boss

The Electric Coin Company (ECC), the firm behind second-biggest anoncoin zcash (ZEC), intends to build a new scalable zcash blockchain, cryptocurrency news outlet Forklog reports on June 22. Per the report, chief engineer at ECC Nathan Wilcox said that the firm should “make Zcash usable by 10 billion people by 2050” if it can. Still, Decrypt notes that achieving this would require zcash’s blockchain to be able to manage thousands — or millions — of transactions per second. Forklog states that ECC is considering implementing sharding, a scalability solution that…

Major Crypto Exchange Bitfinex to Briefly Go Offline for Upgrade Next Week

boss

Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week in a Medium post published on June 20. Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also close for maintenance at the same time. The downtime is similar to that announced by major cryptocurrency exchange Binance before its scheduled system upgrade in May. As Cointelegraph reported at the time, the exchange…

Top 5 Crypto Performers: NEO, XMR, BTC, BNB, ETH

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. For the agile trader, cryptocurrency trading offers a great opportunity to earn huge returns within a short span of time. It is also uncorrelated to other asset classes, hence, it can act as a safe haven investment during an economic crisis. In Brazil,…