Day: August 28, 2019

Calvin Ayre Falsely Claims Court Ruled Craig Wright Invented Bitcoin

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Bitcoin SV (BSV) proponent Calvin Ayre has come under fire once again after erroneously claiming that a court ruled Craig Wright created Bitcoin (BTC). Ayre: Judge just ruled Wright created Bitcoin In a tweet on Aug. 28, Ayre said the judge presiding over Wright’s recent court case decided he was Bitcoin’s creator, Satoshi Nakamoto.  “Its nice timing to be out at the same time as Craig gets the Satoshi coins out of tulip trust. Also good timing with Judge just ruling Craig is Satoshi,” the tweet stated. Wright was in court over…

Bitcoin Returns Have Dwarfed Every Tech IPO Since 2010, New Data Shows

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Bitcoin’s performance has outstripped mainstream investments in internet firms since 2010 by 338,433,233%, it has been claimed.  Twitter user Crypto Godfather, CEO of blockchain-focused magazine Block Journal, shared data to corroborate his point on Aug. 27. Bitcoin price has exploded from a few cents to thousands of dollars  The earliest price data for Bitcoin dates back to March 2010, when the industry’s first (and now defunct) exchange BitcoinMarket.com started its operations.  The coin’s value was just $0.003 — meaning that today’s price point of just over $10,100 represents an astronomical…

Why Regulation Is the Best Thing for Crypto

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When we hear about holders of crypto being tracked down by the Internal Revenue Service, or that imprisonment is being considered for anyone using crypto in India, it conjures up a disconcerting image of what regulation might entail.  It’s part of crypto’s DNA to be unregulated, some might say. It falls outside the scope of government and should remain so for all the reasons it was created in the first place. But if crypto is the future and there are valid concerns, then surely these should be addressed. If we…

Ripple CEO Garlinghouse Slams FUD Because ‘It’s Clear XRP Isn’t a Security’

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Ripple’s chief Brag Garlinghouse insists ‘it’s clear XRP is a security’. | Source: Flickr/OFFICIAL LEWEB PHOTOS Investments in XRP has dwindled dramatically in 2019, indicating that not many are using the crypto-asset for its intended application: that of behaving as a bridge between fiat currencies for cross-border payments. The result is an underperforming token, now down more than 23 per cent against the US dollar. Investors have their reasons to keep a safe distance from XRP. The token is now a part of a class-action lawsuit filed against Ripple, a…

‘Bitcoin Fixes This’ — Thousands of Fake Gold Bars Dilute Market Supply

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Bitcoin’s (BTC) utility over gold has returned to the spotlight after news emerged of thousands of fakes infiltrating the precious metals market. Thousands more fake gold bars could remain undetected As Reuters reported on Aug. 28, the gold industry is currently facing a major forgery problem, with fake kilogram bars found in the vaults of major banks such as JPMorgan Chase. While roughly one thousand have been discovered, experts told the publication there are likely many more still in circulation.  “It’s our standard practice to immediately alert the appropriate authorities…

Facebook Retains Lobbying Firm FS Vector to Promote the Libra Crypto Project

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Facebook has hired the Washington-based public policy and business strategy advisory firm FS Vector that specializes in the fintech, cryptocurrency, blockchain and financial services markets to support it on issues related to crypto policy. The firm was hired by the social media giant amid regulatory pushback from U.S. lawmakers over the development of its stablecoin Libra. According to lobbying registration documents filed with Congress, the consulting firm will support Facebook on various concerns raised by U.S. lawmakers. Facebook announced the details regarding the development of its digital currency project Libra…

Telegram to Beat Facebook to the Punch With Gram Token October Launch

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Encrypted messaging app Telegram will launch its digital currency, the Gram, in October, investors have told mainstream media.  Telegram tokens due in two months As the New York Times reported on Aug. 27, three anonymous investors in Telegram’s $1.7 billion private initial coin offering (ICO) said the company had confirmed it would issue the first tokens in two months’ time. The long-term goal for executives is to make Gram available to all of Telegram’s roughly 300 million users, the investors added. If true, Telegram would beat Facebook’s Libra in launching…

3 Key Indicators Suggest Bitcoin Price Is Ready for a Massive Move

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Bitcoin (BTC) price has been everywhere and nowhere lately. As price consolidates analysts are concurrently screaming bull and bear. The noise is leading to confusion for the average investor who is finding it difficult to separate it from the signal.  Let’s take a comprehensive view of Bitcon price action to gain clarity on the bullish and bearish scenario with special focus on three indicators: Crypto Fear & Greed Index, the Bitcoin Golden Ratio Multiplier and Bollinger Bands.  Is $10K the new $1K for Bitcoin price? Earlier this month, popular Bitcoin market…

The Success of a Blockchain Project Could Hinge on the Right Exchange Listing

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The quest to develop and implement the real-world applications of blockchain technology is at its peak as the community races against one another to be the first ones to create something that could soon become the standard for that industry. However, irrespective of the effort, if these initiatives remain obscure, it will amount to nothing. For any product or a business, they should be readily accessible to the target audience if they want to reach out to their clients. And in the cryptocurrency industry, there are only a very few…

Bitcoin (BTC) Price Recovery Won’t Be Easy Above $10,400

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Bitcoin price is following a negative angle and is trading well below $10,200 against the US Dollar. The price is likely setting up for a downside break below the $10,000 support area. Yesterday’s highlighted rising channel or a bearish flag is intact with support near $10,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of a sharp decline below the $10,000 and $9,900 levels in the near term. Bitcoin price is under a lot of pressure below $10,250 and $10,400…