Month: June 2019

‘Future is Here’ Declares CEO as Binance Transfers $1.2 Billion For Under 2 Cents

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On June 26, about $1.2 billion in binance coin (BNB) has been transferred in 1.1 seconds with a $0.015 fee on the binance chain, reveals data published on WhaleAlert, a platform tracking significant transactions. Earlier today, CEO of major cryptocurrency exchange Binace, Changpeng Zhao, warned that big transactions should be expected. He explained that the exchange intended to split its BNB cold wallet in multiple addresses. After the transaction took place, Zhao cited some data about its cost and speed: “This transaction: cost $0.015 USD in fees, took 1.1 seconds,…

Opera Releases iOS Version of its ‘Blockchain-Ready’ Mobile Web Browser

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Norway-based internet browser company Opera has launched the iOS version of its mobile web browser, Opera Touch, according to a press release shared with Cointelegraph. Opera Touch reportedly supports the Ethereum (ETH) protocol and the Ethereum Web3 application programming interface (API). This means that the browser accommodates Ethereum-based decentralized applications (DApps) and all ERC-20 tokens, stablecoins, and non-fungible tokens (NFTs). The browser also is said to feature a cryptocurrency wallet for storing Ether, the “Opera Crypto Wallet.” Opera released the Android version of its mobile browser at the end of…

Focus on Bitcoin, Not Blockchain, Crypto Entrepreneur Proclaims

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Blockchain is misunderstood and focus should shift to bitcoin (BTC), the CEO of crypto microinvestment startup Amber wrote in an article for SmartCompany on June 25. In the article, Aleksandar Svetski argued that many corporations are embracing blockchain to look “hip,” even though the technology doesn’t deliver on the supposed promise of eliminating middlemen while providing security and immutability. He dismissed many of the so-called blockchain innovations unveiled by big businesses as advancements in data storage and business processes — and warned few of these improvements “will ever trickle down to benefit anyone other…

Ethereum Price Could Reach $900, Predicts Elliott Wave Analyst

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Benjamin Blunts, a popular crypto trader and Elliott Wave technical analyst has compared Ethereum movement in 2017 and now and found a striking resemblance between price actions. He believes that a new long-lasting bull cycle has begun. Lately, the top crypto Bitcoin has been enjoying incredibly rapid growth. In the last 24 hours, Bitcoin price has increased by over 11% and currently makes up $ 12,612 per coin, with $ 224,2 billion market cap. While many hope that BTC price surge indicates the beginning of a new long-lasting bull cycle,…

U.S. CFTC Greenlights LedgerX Bitcoin Derivatives Contracts

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The U.S. Commodity Futures Trading Commission (CFTC) on June 25, 2019, approved LedgerX LLC’s application seeking to establish itself as a designated contract market that would offer retail investors spot and physically-settled derivatives contracts that pay out in bitcoin (BTC). Bitcoin Paying Derivatives to Debut in July The U.S.-based regulated Bitcoin derivatives exchange and clearinghouse, LedgerX has earned the approval from the U.S. CFTC to offer retail investors Bitcoin paying derivatives contracts, including options and futures. Per sources close to the matter, the newly approved BTC derivatives contracts could make…

Parabolic Bitcoin Price Smashes $13,000: The Money Behind Bitcoin's 'Explosive' Run

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The bitcoin price roared to a new 2019 high in the early hours of Wednesday, briefly touching $13,000 on the Huobi exchange. Bitcoin is now at levels not seen since January 2018 with a market capitalization of $224.7 billion. But where is the money coming from? Data from CoinLib reveals that BTC’s latest rally is […] The post Parabolic Bitcoin Price Smashes $13,000: The Money Behind Bitcoin's 'Explosive' Run appeared first on CCN Markets Source link

6 Surprising Takeaways From Bitcoin’s 2019 Bull Run

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Bitcoin (BTC) rising above $10,000, $11,000 and $12,000 surprised everyone in 2019 – but the takeaways from this year’s surge makes for unbelievable reading. As Cointelegraph reported, this year’s bitcoin price action has little in common with 2017 – the last time a parabolic advance occurred. Instead, the current cycle is giving investors serious reasons to celebrate. 1. Bitcoin Already Quadrupled From its Bear Market ‘Floor’ Since November 2018, when turbulence from the bitcoin cash (BCH) hard fork hit markets, BTC/USD has recovered three times over.  At the time, the…

Mt Gox Founder Hit With Lawsuit Over Alleged Fraudulent Misrepresentation

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Jed McCaleb, the founder of Mt. Gox, faces a lawsuit over his handling of the now-defunct bitcoin exchange. The two plaintiffs, former Mt. Gox traders Joseph Jones and Peter Steinmetz, filed a complaint with a court in California on May 19, accusing McCaleb of “fraudulent” and “negligent” misrepresentation of the exchange, which partially led to their loss of bitcoin when Mt. Gox suffered a major hack in 2014. Once the world’s largest bitcoin exchange by trading volume, Mt. Gox was breached in February 2014, which resulted in an initial loss…

Institutional Activity in Crypto Up 300% in 12 Months

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Bitcoin (BTC)’s rise to multi-month highs may be attributable to a significant uptick in institutional activity over the past year, according to a report broadcast on CNBC television on June 25.  Data from institutional crypto lender Genesis Capital — an affiliate of Genesis Global Trading — reportedly reveals a significant increase in activity from institutional counter-parties, with volumes two to three times higher than they were twelve months ago. Alongside institution-led momentum, CNBC notes that while many have attributed bitcoin’s strong price performance to market sentiment buoyed by the recent…

Square Adds Bitcoin Deposits to Their Mobile Cash App

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Square’s Cash App has enabled Bitcoin deposits for its users. The app previously offered purchasing, selling and transacting Bitcoin to other addresses. However, judging by user reviews, not all Cash App users have this feature. Just recently Square’s Cash App users started tweeting that the popular payments application has enabled Bitcoin deposits. Although many users show appreciation and gratitude, of course, just as many users say that either their apps haven’t yet got the feature, or that trusting such third parties your Bitcoin as Cash App and similar, is reckless…