Day: June 28, 2019

Bitcoin SV (BSV) Pumps 21% After Surprise Mention on Joe Rogan

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The value of Bitcoin SV (BSV) rebounded 21% on Friday morning, fresh off the back of a surprise mention on the Joe Rogan Experience. BSV’s gains outpaced the broader market, which rebounded 10% just hours after $83 billion exited the cryptocurrency market in a flash. Bitcoin SV… Maybe? During episode #1318 of the JRE podcast with prominent Twitter personality Hotep Jesus, the subject of Bitcoin SV popped up. As part of a larger conversation about the monopolous power of centralized social media platforms, attention turned to the revolutionary potential of…

Trader Who Called Current Bitcoin Rally Warns of Altcoin ‘Dot Com Bubble’

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Bitcoin (BTC) will continue to grow but altcoins will not feel the benefits, veteran trader and author Peter Brandt predicted in a new market forecast on June 27. Writing on social media, Brandt, who has become a vocal source on cryptocurrency prices, said that unlike the previous bull market cycle in 2017, bitcoin’s gains would not have a knock-on effect elsewhere. He summarized:  “Cryptomaniancs expect alts to do so again – they may be very disappointed.” Brandt made the comments as BTC/USD bounced off its local lows of $10,380 to…

Indian Crypto Exchange Koinex Closing Operations

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Indian crypto exchange Koinex shut down its operations in India under pressure from regulators after 14 months of extremely difficult operating conditions for digital assets exchange business in India. All trading platforms of the exchange were suspended at 2 PM IST yesterday. Koinex said all open orders after the deadline will be automatically canceled and the funds will be returned to corresponding wallets. It asked users to withdraw all their digital assets from Koinex at the earliest. Digital assets withdrawal deadline is 9 PM IST, July 15, 2019, Additionally, the…

Mark Zuckerberg Fights For Libra, Says Facebook Has Only One Vote in It

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Photo: Brian Solis / Flickr Ever since the launch of Facebook’s Libra, the cryptocurrency has been the talk of the day. People were speculating how decentralized it actually is, laughed about how would it be if Facebook had control over a form of money, and whether to trust it or not. Just recently Mark Zuckerberg commented on the matter by saying: “Building a financial system is not the kind of thing that a company can do it by itself. So we played a role in helping to stand this up.…

Bitcoin Heading for Fifth Month of Gains Despite Price Correction

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View Bitcoin is still on track to close with gains for the fifth straight month, despite having witnessed a double-digit technical correction in the last 36 hours. The hourly chart shows the pullback has ended and prices could revisit recent highs over the weekend. With a reward halving due in May 2020 and increased institutional participation, prices could rise further in the second half of this year. A break below the May 30 high of $9,097 would invalidate the bullish outlook as per the daily chart. While bitcoin’s price has…

Edward Snowden Used Bitcoin to Pay for Servers Used in NSA Leak

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The servers Edward Snowden used to leak thousands of documents to journalists were paid for using bitcoin (BTC), the National Security Agency whistleblower revealed at the Bitcoin 2019 Conference on June 27. Snowden was working as a CIA subcontractor in 2013 when his leak revealed that telecom companies and governments were involved in “almost Orwellian” mass surveillance programs that swept up the phone records of unsuspecting Americans. Speaking via video-link from Russia, he described the ability to exchange and transact without being watched and recorded “is the foundation of all rights” — and said…

Former company director believed to have profited by more than £1.4 million after selling personal data illegally

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A former company director found guilty of illegally obtaining people’s personal data and selling it to solicitors chasing personal injury claims, has been fined for breaches of data protection and issued with a confiscation order under the Proceeds of Crime Act 2002. David Cullen of Middleton Road, Manchester, was the managing director of No1 Accident Claims Limited based on Oxford Road, Manchester from 4 March 2010 until 20 December 2012 when the company was liquidated. The business profited from selling illegally obtained personal data to solicitors. The data, belonging to…

Binance Discussing Libra With Facebook, Exchange Exec Reveals

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Binance has engaged in official discussions with Facebook and is “very excited” about the libra project, the exchange’s strategy officer Gin Chao told BlockTV in an interview on June 27. While Chao cautioned the talks were at an early stage, the executive said Binance was “looking forward to working with libra as much as we can.” He said: “I think the potential that libra can have, not just on mass adoption but what it means to payments and forcing regulators’ hands to catch up a bit, is all good news.” In a separate interview…

Ex-Australian Football Player Tried Killing Drug Habits with Bitcoin Trading

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Mark “Bomber” Thompson, a former premiership coach in the Australian Football League (AFL), has admitted to abusing drugs and trading cryptocurrency. According to Thompson, quitting professional football made him depressed, so he channeled all his energy into high-risk crypto speculation, reports SMH  on June 26, 2019. Bomber Addicted to Ice Per the report, Mark “Bomber” Thompson has admitted to abusing crystal methamphetamine to mask the pain caused by his leave from Essendon Football Club due to baned supplements scandal surrounding him. The scandal began in January 2018 when illegal substances…

Binance Talking to Facebook About Libra Listing, Becoming Node: Reports

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According to reports in the crypto press Thursday, cryptocurrency exchange Binance is talking to Facebook about getting involved in the social media giant’s upcoming Libra project. Finance Magnates says it spoke to Binance at the FinTech Junction event in Israel on Thursday, with the exchange’s CSO, Gin Chao, saying that early discussions have taken place with Facebook over a possible future listing of the libra token. Chao said that as libra will be on a private blockchain initially, it won’t need external liquidity. However, Facebook may ultimately desire a secondary market, he said, adding: “Currencies…