Day: October 27, 2019

Crypto Capital Exec Indicted on Three Criminal Counts in NY Court

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The United States Attorney for the Southern District of New York has indicted Crypto Capital executive Oz Yosef on three criminal counts. An Oct. 23 court filing obtained by Cointelegraph confirmed that Oz Yosef has been indicted by U.S. authorities on conspiracy to commit bank fraud, bank fraud and conspiracy to operate an unlicensed money transmitting business. Crypto Capital allegedly mislead Bitfinex The filing would appear to confirm allegations from cryptocurrency exchange Bitfinex, which in a recent statement tried to establish itself as a victim of fraud regarding Crypto Capital…

4 Days Remain for 16K Bitcoin Price 4Chan Prophecy: Now Possible?

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Bitcoin price (BTC) has been a popular topic this week. After the monstrous run from $7,400 to over $10,500 on Oct. 25, it certainly looks as if last week’s article indicating the early stages of a bullish reversal came to fruition.   Weekly crypto market performance. Source: Coin360.com As usual, there has been wild speculation on Crypto Twitter that the Bitcoin price pump was a direct result of Chinese President Xi Jinping calling for an acceleration in the development of blockchain technology as reported by Cointelegraph last week.  Whilst this was…

How Blockchain and Crypto Are Poised to Shift the Balance of Power

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Blockchain’s potential to disrupt the financial landscape is evident. Even at this early point in the technology’s development, established institutions — including banks and governments — have been quick to note this potential for disruption, and equally quick to attempt to limit its impact.  However, despite the obvious utility, and many current and fascinating applications of blockchain — from improving supply chain traceability to collecting adorable digital cats — the true potential of this incredible technology is often overlooked: the ability to upend existing power structures by undermining centralization. Ultimately,…

Crypto News From the Spanish-Speaking World: Oct. 21–27 in Review

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The Spanish-speaking world has seen major cryptocurrency and blockchain developments with a former Bolivian intelligence director claiming that Venezuela is full of secret crypto mining farms, extortionists who request Bitcoin (BTC) finding their way into Spain, and the Fintech Alliance of Latin America preparing a white paper on digital identity. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Former intelligence director: Venezuela is full of secret government-led mining farms Manuel Figuera, a former director of the Bolivarian National Intelligence…

Crypto News From Japan: Oct. 21–27

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In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, cryptocurrency exchange Huobi Japan receives a $4.6 million investment, Bitcoin.com acquires blockchain startup O3 Labs, and Ripple CEO Garlinghouse criticizes the Softbank Group. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Crypto exchange Huobi Japan secures $4.6 million investment by FPG AIM Huobi Japan announced on Oct. 25 that it has raised close to $4.6 million through a third-party capital raise led by FPG AIM, a Japan-based financial services…

Bitcoin Madness, Zuckerberg in Congress, China’s Blockchain Plans: Hodler’s Digest, Oct 21–27

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price back over $10,000 following 36% gains on the day The world’s largest cryptocurrency has had us all in for a white-knuckle ride this week. Wednesday saw Bitcoin (BTC) crash $500 in a matter of minutes and sink to $7,500 — a five-month low.…

Is Crypto Summer Back in Switzerland?

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Recent data suggests that the Swiss blockchain industry is making impressive gains. The latest report by the country’s main industry body, Crypto Valley Venture Capital (CV VC), for example, points to increased valuations and rising employment figures. On releasing the report, CV VC exclaimed that “the summer is back.” But is it really time to start celebrating? According to the report, published in collaboration with the Big Four accounting firm PwC and its partner Inacta, the top 50 blockchain companies have doubled their valuations in the first half of 2019…

Why NEO Surged 35% While Rest of Crypto Market Took a Snooze

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Lesser-known cryptocurrency NEO surged more than 35% on Sunday. The sudden move launched the NEO price to nearly $12, even as the wider crypto market cooled off from its recent rally. Let’s examine the factors behind NEO’s breakneck recovery. In the wake of a historic cryptocurrency market resurgence, NEO has suddenly sprung to life, securing an impressive 35% single-day rally. What’s driving that rapid upswing? Bitcoin Jolts the Crypto Market Back to Life The crypto markets boomed this week, exhibiting their trademark volatility once again. In meteoric fashion, the bitcoin…

Bitcoin (BTC), NEO, BSV, BCH, LINK

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Though fundamentals play a large part in determining the price of an asset, short-term movements of the markets are driven by sentiment. This was clearly visible during the week. A few events soured sentiment early in the week, which dragged the total market capitalization of the crypto space down to $202 billion. When the markets are in a corrective phase, traders can become bearish even on events that do not have a material impact on the short-term. After the initial knee-jerk reaction, the markets digested the news and realized that…

Game of Nodes — Who Will Win the Digital Throne?

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The best thing about us humans is that, time and again, we come up with great ideas and new forms of technology that have the potential to change the world for the better. Yes, we go wrong at times and destroy things, wipe out entire nations… but let’s not get into that right now. The curtains on blockchain technology were raised back in 2008 in response to the global financial crisis caused by the central banks and government of the United States. It’s a fact — absolute power corrupts absolutely.…