August 25, 2019

Kraken OTC Head: Bitcoin Is Not Safe Haven Yet

August 25, 2019 boss

Head of over-the-counter (OTC) sales at cryptocurrency exchange Kraken Nelson Minier compared today’s cryptocurrency trading industry to how Wall Street used to be, adding that it is still too soon to call Bitcoin a safe haven for investors. During the Nasdaq TradeTalks interview published on Aug. 22, Minier stated: “Wall Street ain’t what it used to be. The first 15 years I was on Wall Street, it was fun. I was very fortunate. I started in the CDS market which feels a lot like crypto. Here you have a lot…

Is the Former Champion Involved In Crypto?

August 25, 2019 boss

United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud. He announced it in a Twitter post on Aug. 15: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my current involvement isn’t accurate.” The information about the project first appeared in the media back in April this year. Why, however, it was only…

Waves DEX Now Supports Ethereum-Based ERC-20 Tokens

August 25, 2019 boss

Blockchain platform Waves added support for Ethereum-based (ETH) ERC-20 standard compliant tokens to its decentralized exchange (DEX). On Aug. 22, the platform announced that Waves’ built-in DEX began supporting ERC-20 tokens. Recently, Waves team also launched a new gateway with Vostok and Ergo tokens support. High hopes for the feature Waves’ team also expressed hope that the new feature will have a positive impact and will attract new traders and assets to the platform. The post also promises: “Soon, you will see new trading pairs with ERC-20 tokens. Last year,…

Model: Bitcoin (BTC) Price to Surge 100% to $20,000 by May

August 25, 2019 boss

In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly approaching bullish event, however, the cryptocurrency market has stagnated, establishing a trading range. Related Reading: Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC But a model from PlanB suggests that should history repeat itself, the Bitcoin price has lots of room to rally ahead of the halving. In fact, the statistician’s chart hints that BTC will be up 100% by May next year. $20,000 Bitcoin in Due…

Do You Support ‘Privacy Coins’? If so, Which One?

August 25, 2019 boss

Do You Support ‘Privacy Coins’? If so, Which One? August 25, 2019 by Jon Southurst How useful, or even feasible, are cryptocurrency’s “privacy coins”? Do they provide true financial privacy as promised and, if they do, is that actually a good idea? We caught up with entrepreneur and crypto investor Ryan Shaw again to talk about it, and discuss why people would want to have them. Also read: Patrick Byrne Severs Ties with Overstock Over Russia Controversy Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Pros…

Do You Support ‘Privacy Coins’? If so, Which One?

August 25, 2019 boss

Crypto Industry Direly Needs Specialized Education, Says Ripple Exec

August 25, 2019 boss

Cryptocurrency firm Ripple’s head of social impact Ken Weber is confident that universities around the world must expand their education programs to offer blockchain and digital assets training courses that directly relate to actual roles in the industry. Blockchain workforce demand exceeds the supply Weber addressed the lack of qualified blockchain workforce and relevant education resources in an interview with OpenAccessGovernment published on Aug. 20. He also cited a report which suggests that “there’s been a 517% increase in demand for software engineers with blockchain development skills in the past…

Female Hacker Fesses Up to 100,000 XRP Fraud Down Under

August 25, 2019 boss

Another day, another cryptocurrency theft. | Source: Shutterstock By CCN Markets: 7News Sydney reports that Katherine Nguyen is the first-ever Australian resident to plead guilty for cryptocurrency fraud after stealing 100,000 XRP. In 2018, twenty-four-year-old Nguyen hijacked the email account of an elderly man of the same surname for two days before handing back access. The first person charged over cryptocurrency fraud has pleaded guilty, swindling almost half a million dollars worth of the currency known as Ripple. Katherine Nguyen made no apology to her victim, aware she could be…

Bitmain Increases Crypto Mining Capacity by 50% with 600K New Mining Chips

August 25, 2019 boss

According to reports in the Chinese news media, a person close to the crypto mining giant Bitmain has divulged that the semiconductor manufacturing company has recently placed new hardware orders in the overall sum of 600,000 cryptocurrency mining machines. With these additional crypto mining chips, Bitmain is anticipated to increase its capacity by 50% in the next six months. Bitmain is a Chinese hardware company that designs application-specific integrated circuit chips for Bitcoin mining. The firm is the world’s largest dedicated independent semiconductor foundry which ranks as one of the…

Bitcoin Price Breaks $10,100 as Top Altcoins See Green

August 25, 2019 boss

Sunday, Aug. 25 — Most of the top 20 cryptocurrencies are seeing moderate gains on the day while Bitcoin (BTC) circles around the $10,100 mark. Market visualization courtesy of Coin360 Bitcoin price is up by 1.67% on the day, trading at around $10,135 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 0.78%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position of the largest altcoin by market capitalization, which currently stands at $20.5 billion. The second-largest altcoin, Ripple’s…