Day: February 7, 2020

Twitter, Square Stock 20% Price Surge Boosts Bitcoin Lightning Network

boss

Perhaps the two most prominent supporters of Bitcoin’s (BTC) Lightning Network have seen their share prices rocket this week as the technology gains fresh recognition. Data covering the share prices of Twitter and sister company Square, the payment gateway which directly supports Bitcoin, shows both companies sealed major gains in recent days. Cash flows towards BTC, Lightning Twitter stock (TWTR) appreciated by close to 20%, while Square (SQ) hit local highs of $81.65, almost 10% up on last week and nearly 25% since Jan. 1. The former recently revealed that…

Bitcoin Price Hit $9800 Yesterday as Whales Move $2.4 Billion in BTC

boss

Bitcoin price shot 4% on Thursday to surpass $9800 levels along with a sudden spike in the Open Interest. The community is enthusiastic about the upcoming Bitcoin halving event, however, the coronavirus outbreak in China is severely hurting the region’s mining business. In the last three days since February 5, Bitcoin price has added over $500 to its price taking it closer to $10,000 levels. On Thursday, February 6, BTC price surged above $9800 with nearly 4% gains. Moreover, with this move, Bitcoin’s year-to-date returns for 2020 have reached nearly…

Platform Allowing Trading of Crypto in Custody Completes First $100K Transaction

boss

A new institutional settlement solution that allows clients to trade directly from their custodial accounts has completed its first transaction. Digital asset trading infrastructure provider SettleBit announced this week that it had successfully transferred $100,000 in bitcoin from Prycto Digital to CMT Digital in roughly 10 minutes using a claimed first-of-its-kind settlement layer to facilitate a transfer that kept digital assets in BitGo’s cold storage. SettleBit is the first settlement layer to be directly integrated into custodian, according to CEO Leor Tasman, who is also one of the founders at…

Japan Convicts Cryptojacker Who Misled Victims Over Monero Mining

boss

A Japanese court has demanded a man who infected website visitors with cryptocurrency mining malware face justice — after acquitting him. As local daily news outlet The Mainichi reported on Feb. 7, the Tokyo High Court overturned a previous ruling which cleared the man, who was not named, of any wrongdoing. Visitors “not informed” of malware According to the original indictment, the 32-year-old web designer installed the Coinhive miner on his own website in October 2017. It was active for a month, using visitors’ devices to mine cryptocurrency for his…

Ripple Co-founder Jed McCaleb Sold a Billion XRP and Has 4.7B Left

boss

Analysis by blockchain monitor Whale Alert suggests that Ripple co-founder Jed McCaleb sold off more than one billion XRP between 2014 and 2019. In a Medium post published on Feb. 6, Whale Alert estimated that McCaleb has another 4.7 billion XRP left to sell, equating to around 5% of the total supply. At today’s prices, the hoard is worth more than one billion U.S. dollars, dwarfing the $135 million Whale Alert estimates he has made via XRP sales to date. McCaleb sold another 19 million, or $5.4 million worth last…

Prime Trust to Arrange Banking for Customers of BlockQuake Crypto Exchange

boss

BlockQuake, a New York digital asset exchange launched in beta, has partnered with Nevada-based trust company Prime Trust, the firm announced Wednesday. Prime Trust began offering custody services for the crypto industry in late 2018, serving crypto firms like Binance, OKCoin and Bittrex to name a few. Prime Trust will perform know-your-customer (KYC) and anti-money-laundering (AML) checks for the exchange, as well as provide FDIC-insured bank accounts for the exchange’s customers. The custodian will also provide custody for customer fiat and cold storage for crypto. Crypto-friendly banking services are extremely…

Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin

boss

Billionaire investor Warren Buffett received his first bitcoin and several other cryptocurrencies during a dinner with five cryptocurrency advocates, led by Justin Sun who spent $4.57 million to secure a meal with the multi-billionaire. They discussed a number of topics, including whether Tesla stock is a good investment, as the group tried to convince the Berkshire Hathaway chairman of the currency of the next generation. Also read: US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks Crypto Advocates Meet Warren Buffett Tron founder and Bittorrent CEO Justin Sun…

Bitcoin Above $10K Is Looming And It Could Spark A Massive Stop Hunt & Rally

boss

Bitcoin price is rising steadily above $9,500 and $9,750 against the US Dollar. BTC will most likely cross $10,000 and it could ignite a strong rally towards $10,400 or $10,650. Bitcoin is likely setting up for a break above the $10,000 barrier against the US Dollar. Many supports are forming on the downside near $9,700 and $9,500. There is a key rising channel forming with support near $9,710 on the hourly chart of the BTC/USD pair (data feed from Kraken). A successful close above the $10,000 barrier may perhaps initiate…

China’s Coronavirus Whistleblower Is Now Memorialized on Ethereum

boss

Someone has just created a smart contract on ethereum with source codes in the shape of a monument in memorial of Dr. Li Wenliang, the whistleblower of China’s coronavirus outbreak, who died of the disease. The source codes of the “Monument” contract, created around 2:30 UTC on Friday, wrote down the biography of Dr. Li in Chinese with a highlighted “R.I.P” and his contribution as a medical expert to alerting others of the danger of the virus as early as Dec. 30 – only to be reprimanded by local police…

Ripple (XRP) Bulls Not Out of Woods, Risk of Sharp Rally Grows

boss

Ripple is rising steadily above $0.2800, while ETH and BTC rallied in the past three sessions against the US Dollar. XRP price is likely to continue higher towards $0.2950 and $0.3000. Ripple price is slowly climbing higher and it recently surpassed $0.2850 against the US dollar. The price traded as high as $0.2880 and it is currently correcting lower. There is a major ascending channel forming with support near $0.2780 on the hourly chart of the XRP/USD pair (data source from Kraken). The bulls are likely to remain in action…