Month: July 2019

Ethereum Price (ETH) Reverses Sharply, Bitcoin Jumps 5%

boss

ETH price started a strong recovery after trading towards the $200 support level against the US Dollar. The price gained more than 5% and broke the $210 and $215 resistance levels. Yesterday’s highlighted key bearish trend line was breached with resistance near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and it seems like it could revisit the $230 and $235 resistance levels. Ethereum price is showing reversal signs above $215 versus the US Dollar, similar to bitcoin. ETH price is…

John McAfee Reportedly Released Following Detainment in The Dominican Republic

boss

Cryptocurrency enthusiast and antivirus software namesake John McAfee appears to have been released by authorities in the Dominican Republic today. McAfee posted a picture on his official Twitter account with the caption: “Leaving detention (don’t judge my looks – four days of confinement). I was well treated. My superiors were friendly and helpful. In spite of the helpful circumstances, we’ve decided to move on. More later.” On July 23, a post was made on McAfee’s twitter account, allegedly by McAfee’s campaign manager Rob Benedicto Pacifico Juan Maria Loggia-Ramirez, saying that…

Pantera Capital CEO Believes Bitcoin Could Reach $356,000 in a Couple Years

boss

Pantera Capital founder Dan Morehead discussed how Bitcoin (BTC) could hit $42,000 by the end of 2019, and even has the potential to reach $356,000 within a couple years. Morehead delivered his comments on an episode of the Unchained podcast on July 23. Morehead specifically said that he predicts BTC will hit $42,000 by the end of the year, and climb to $356,000 by 2022. Morehead claimed that this would be consistent with the top cryptocurrency’s logarithmic growth rate: “Graph the price of Bitcoin logarithmically […] its trend is going…

Justin Sun Issues Strange Apology in Wake of Warren Buffett Debacle

boss

Justin Sun, who is in San Francisco, made a very strange post on Chinese social media site Weibo today. Repeatedly apologizing for his recent “over-marketing,” Sun praised China’s brand of socialism. Sun Praises Socialism and Publication That Attacked Him He also praised Caixin, a publication which he had accused of libel the previous day: “Caixin continues to uphold the public interest of social responsibility. Priority, let me see my limitations and smallness, I am sincere and fearful to communicate with Caixin.” The Tron founder said he had stayed up all…

US Treasury Secretary Mnuchin Voices New Pessimism About Bitcoin’s Future

boss

United States Treasury Secretary Steven Mnuchin voiced new bearish views on Bitcoin today, saying that he probably will not be talking about the number one cryptocurrency in as soon as five years. In an interview with “Squawk Box” CNBC on July 24, Mnuchin said: “I won’t be talking about Bitcoin in 10 years, I can assure you that […] I would bet even in 5 or 6 years I’m no longer talking about Bitcoin as Treasury Secretary. I’ll have other priorities […] I can assure you I will personally not…

Ripple Sold Over $250 Million in XRP in the Second Quarter of 2019

boss

Ripple, the company behind XRP, the third-largest cryptocurrency by market cap, has revealed that it sold $251.51 million in XRP in the second quarter of 2019. Ripple published its Q2 report on July 24. According to the report, Ripple sold approximately $169.42 million in XRP during Q1 2019. This means that quarter-to-quarter, XRP sales increased by approximately 48%. In relation to its quarterly XRP sales, the report states that Ripple will subsequently decrease future token sales substantially. Additionally, Ripple noted that it restricted XRP sales during the quarter due to…

Unlicensed Bitcoin Exchange Operator Indicted by Justice Department

boss

William Green, a 46-year-old New Jersey resident, was indicted by a federal grand jury on account of allegedly running an unlicensed money transmission service. The United States Department of Justice (DoJ) announced the indictment in a press release on July 24. According to the DoJ, the indictment filings and court statements indicate that Green operated a fiat-to-Bitcoin (BTC) conversion service through the website Destination Bitcoin. As such, Green reportedly would receive money from his customers in order to convert their cash to BTC. The findings further indicated that Green had…

Bitcoin Cash Solid Fundamentals Could Act as Catalyst in Next Bull Market

boss

Many people have suddenly flipped bearish on Bitcoin Cash (BCH) as the bitcoin fork plunged to as low as $255.10 on July 15. That’s a drop of over 50 percent from this year’s high of $517.12 which was posted on June 22. Nevertheless, the cryptocurrency is still up by almost 95 percent year-to-date even after a 50 percent devaluation. This says a lot about the strength of Bitcoin Cash. We looked under the hood to investigate the source of this bullishness. It was surprising to discover that the cryptocurrency has…

Chinese Company The9 Said to Be First Foreign Telegram ICO Investor

boss

According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states that The9 has invested in multiple blockchain-based companies as of 2018.  According to a report by Russian business news agency RBC on July 24, this document is evidence of The9 as the first publicly-known foreign investor. Per RBC, Telegram’s initial coin offering (ICO) investors are largely unknown.  Few details about ICO participants forthcoming…

Telecoms Giant Verizon Seeks Talent for Blockchain-Related Positions

boss

A search for “blockchain” on the career page for telecoms giant Verizon reveals that the company is actively looking to hire new recruits for blockchain-related jobs, including five blockchain developers. The Block highlighted the vacancies in a report on July 24. Verizon is apparently interested in creating a distributed network, as per the report. Additionally, the report specifies that a leading engineer at Verizon believes that hiring options are thin right now: “Google, Facebook, Microsoft, those guys are just taking the cream of the crop. […] I have interviewed over…