Month: June 2019

Facebook Removes Bitcoin Scam Ads With Abu Dhabi Crown Prince

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Facebook has removed ads for a bitcoin (BTC) scam that masqueraded as posts by the crown prince of Abu Dhabi, UAE news site The National reports on June 30 According to the report, a recent scam on social media — dubbed “Bitcoin Loophole” — claimed that Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, personally endorsed a scheme that guaranteed riches within a week through bitcoin trading. The social media giant reportedly deleted the fraudulent posts after thousands of investors handed…

Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

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Binance Coin (BNB) down 12.1 percent Libra coin may be available at Binance upon launch in 2020 The exit of US clients will shave Binance’s trading volumes. To counter that, they may end up listing Facebook’s Libra upon roll out.  Talks are in a preliminary stage. Meanwhile, BNB is down 12.1 percent from last week’s close. Binance Coin Price Analysis Fundamentals It may be the largest exchange by trading volumes, but that title is under threat. With the SEC firm on their interpretation of what a security is, the exit…

Bittrex User Alleges Funds Were Withheld in Recent Lawsuit

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A New York resident has filed a lawsuit against crypto exchange Bittrex for allegedly withholding funds, industry news outlet The Block reports on June 30. Per the report, the plaintiff claims to have deposited $120,000 onto her Bittrex account in August 2018 and that the company suspended it and refused to release the funds until November of this year. She also alleges that the exchange “attempted to extort her by withholding the funds she had in her account” unless she signed an agreement giving up her rights to sue the…

The Bitcoin (BTC) Trade-off, Price Could Tumble To $9,500

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Bitcoin (BTC) down 6.8 percent Systemically stable, BTC prices will continue to fluctuate thanks to Nakamoto trade-off Price fluctuation is synonymous with Bitcoin. Drastic rise and falls of the tail end of this week differentiated the world’s most valuable asset from fiat. All the same, it is gradually morphing into a store of value and a settlement layer making it invaluable.  Even so, prices are susceptible and could slide to $9,500 or lower in days ahead. Bitcoin Price Analysis Fundamentals Cryptocurrencies and Bitcoin, in particular, are counter products of the…

Bitcoin Near $11,000 as Marked Corrects Downward

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Sunday, June 30 — most of the top 20 cryptocurrencies are reporting are seeing losses at press time, as markets are sloping downward.  Market visualization courtesy of Coin360 Bitcoin (BTC)  is currently down 7.33% on the day, trading around $11,103 at press time, according to Coin360. Looking at its weekly chart, the coin is up 3.72% Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands around $31.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap…

Top 5 Crypto Performers: LINK, BTC, NEO, LEO, ETH

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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. From being outright dismissive of cryptocurrencies to adopting them, most central banks have come a long way. Research by the International Monetary Fund shows that several countries, both developed and developing, are toying with the idea of launching their own Central Bank Digital…

15,000% Gains: The 5 Best and Worst Crypto Performers of 2019

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Given the meteoric rise in the value of the cryptocurrency market since the turn of the year, one might assume every major altcoin recorded growth in the six months since January 1st. Yet a glance at the year-to-date figures for coins in the crypto market cap top 100 tells a different story. Many household-name cryptocurrencies are in the red for 2019, while the year’s best performers so far are mostly small-cap tokens which catapulted onto the scene during the past six months. Here are the five best and worst performers…

A Major Chinese State-Run Media Organisation Labelled Bitcoin a “Safe Haven Asset”

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The legal status of cryptocurrencies in China is a controversial topic. Yet, the Asian country is one of the most developed nations in the field of blockchain. This might change after a major Chinese state-run media went against all the opinions of the government by publishing a financial study that highlights the potential of alternative assets such as bitcoin. China’s Ban May Be FUD As previously discussed on BTCManager, China’s National Development and Reform Commission (NDRC) published a 130-page report which stated that Bitcoin mining should be eliminated from the country.…

A Major Chinese State-Run Media Organisation Labelled Bitcoin “Safe Haven Asset”

boss

The legal status of cryptocurrencies in China is a controversial topic. Yet, the Asian country is one of the most developed nations in the field of blockchain. This might change after a major Chinese state-run media went against all the opinions of the government by publishing a financial study that highlights the potential of alternative assets such as bitcoin. China’s Ban May Be FUD As previously discussed on BTCManager, China’s National Development and Reform Commission (NDRC) published a 130-page report which stated that Bitcoin mining should be eliminated from the country.…

XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown

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The increased penetration of cryptocurrency in the digital payment arena appears to be affecting the landscape of cross-border remittances. Financial institutions and other mainstream establishments are now jostling with blockchain startups for control over an industry that could possibly experience massive growth over the next few years. With more participants comes greater competition and an emphasis on creating the most robust operating technology. To achieve this aim, some players are leveraging their status as giants of their respective mainstream fields while others are pursuing partnerships and collaborations. For historically unbanked and underbanked areas…