Month: June 2019

Bitcoin Falls by $1,400 After Crash of Major Crypto Exchange Coinbase

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Bitcoin’s (BTC) price fell by $1,400 within minutes after a crash of United States-based cryptocurrency trading platform Coinbase. Coinbase first reported that it was investigating an issue in which its API and website were not functioning properly at 1:47 p.m. PDT on its status website.  According to the daily chart of bitcoin price on Coin360, bitcoin’s price and market cap began to plummet around 1:25 p.m. PST, just minutes before Coinbase’s first announcement. Bitcoin 24-hour price chart. Source: Coin360 By 2:13 p.m. Coinbase reported that it had identified the problem…

Former Mt. Gox Traders Sue Stellar’s Jed McCaleb for 80,000 Bitcoin Loss

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Jed McCaleb, the current Chief Technological Officer (CTO) of blockchain project Stellar and the founder of the now-defunct cryptocurrency exchange Mt. Gox is facing a lawsuit over his alleged mismanagement of the Tokyo-based trading platform, The Next Web reports, June 26, 2019. Former Traders Sue Jed McCaleb On May 19, 2019, two former cryptocurrency traders at Mt. Gox, Joseph Jones and Peter Steinmetz filed a complaint with a court in California alleging that McCaleb was “fraudulent and negligent” during his tenure as the owner of the shuttered digital currency exchange.…

TRON Foundation Announces $20 Million Buyback Plan

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The Tron Foundation has announced a $20 million buyback plan in a blog post published on June 25. The buyback is purportedly part of an initiative to bolster community activity and market stability. The company is going to conduct the largest tron (TRX) token buyback plan so far with the widest coverage in the secondary market, the post reads. The buyback is set to last for a year in the form of several batches totalling $20 million. On January 1, 2020, the Tron Foundation will reveal its TRX holding, however…

Bitcoin Whales Are Cashing in as Gains Slip Away

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After a wave of aggressive buying, bitcoin whales are taking some profits. The “big money” investors drove the price up as high as nearly $14,000 in the last 24-hour period, reminding the crypto community of how the market dynamics can change on a dime. Now it seems they are cashing in on some of their fortunes as the buying momentum stops dead in its tracks. After rising as much as 22% in the last 24 hours, the BTC first slashed those gains in half. Now the gains are slipping away.…

Chainalysis Appoints Former FinCen Officer as Technical Counsel

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Blockchain analysis firm Chainalysis has hired a former official from the United States Financial Crimes Enforcement Network and the Department of Justice as Chief Technical Counsel, according to a press release published on June 26 Chainalysis has appointed Michael Mosier as its new Chief Technical Counsel. Mosier will now be responsible for legal expertise of Chainalysis products such as data privacy and global anti-money laundering, sanctions, policy, and government issues. At Chainalysis, Mosier will work closely with Jesse Spiro, Global Head of Policy, who joined the firm from financial information services…

CoinMarketCap Makes First-Ever Acquisition | Cointelegraph

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CoinMarketCap, a major source of prices and volumetric data on crypto markets, has revealed plans for its first-ever acquisition in a press release shared with Cointelegaph on June 26 The United States-based company is acquiring electronic crypto trading fund Hashtag Capital in order to expand its efforts within its Data Accountability & Transparency Alliance (DATA), an initiative launched in May 2019 to provide greater transparency in crypto space. Following the acquisition, the Hashtag Capital team will be joining CoinMarketCap to work on pricing algorithms for over 2,000 digital coins listed…

Blockchain Startup Waves Updates Blockchain to Allow for DApps

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Blockchain startup Waves has introduced an upgrade to its blockchain that enables decentralized applications (dApps) on the platform. The development was announced in a blog post published on June 25. The company has introduced a major update for its blockchain dubbed Waves Node 1.0, and released the mainnet of RIDE, that will purportedly allow the implementation of dApps on Waves.  The firm claims in the post that new mathematical functions of RIDE will enable developers to perform calculations on the Waves blockchain necessary for real use cases like  implementing an…

Imgur Receives $20M From Ex-Ripple CTO’s Payments Startup

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Major image hosting platform and meme site Imgur received $20 million from micropayments startup Coil, according to a press release published on June 26 Per the release, as part of the partnership between the two companies, the founder and CEO of Coil and former CTO of Ripple Stefan Thomas will join Imgur’s board of directors. Imgur CEO Alan Schaaf commented: “Coil’s technology will open up new opportunities for users to give to one another and support the community in new ways.” The press release explains that Coil’s platform lets users…

Price Analysis 26/06: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA, TRX

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How far can the parabolic rise of bitcoin continue? What are the next levels to watch out for? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin (BTC) has continued with its stellar run as no resistance level is being able to hold it back. It easily covered a distance from $10,000 to…

JPM Coin | JP Morgan’s Crypto is Ready for Trials with Corporate Clients

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JP Morgan is putting final touches on its much-awaited cryptocurrency JPM Coin. Bloomberg Japan reports that the financial institution is to start trials on the coin with corporate clients, as it also eyes regulatory approval for its use in the mainstream financial sector. JP Morgan Crypto JPM Coin runs on Quorum, which is a private version of the Ethereum network, developed by the bank. The coin is to function as a stablecoin where fiat cash is to be deposited in exchange for the token before one is allowed to carry…