May 15, 2020

Crypto.com Claims Its Card Is ‘Most Widely Available’ After European Expansion

May 15, 2020 boss

Payments and cryptocurrency platform, Crypto.com, announced a broad European launch of its MCO Visa cards. The cards will soon ship to 31 countries in the region, according to the company’s blog post, published May 15. The company’s European presence now covers all 27 EU member states, as well as Switzerland, the UK, Iceland, and Norway. The firm claims to have “the most widely available crypto card in the world” as a result of this expansion. Prior to this, it had already been offering services in Asia and the US. When…

OKEx Exec Calls Binance’s CoinMarketCap Ranking ‘Shameless’

May 15, 2020 boss

OkEx chief strategy officer, Alysa Xu, called out crypto data site CoinMarketCap, or CMC, for its recent exchange ranking rationale, proclaiming the platform dead. “Fairness and justice are the basis of all rankings,” Xu said in a May 15 post on Chinese microblogging site Weibo. “CMC is dead, and we mourn together tonight.” CoinMarketCap recently changed its ranking metrics Binance recently rose to the top of CMC’s crypto exchange rankings after the data site changed the rationale by which it composed its list. CMC now shows exchanges ranked in order…

Investing in the Right Crypto Could Generate 7x Returns in 24 Months

May 15, 2020 boss

Crypterium (CRPT), the namesake utility token of the award-winning fintech startup, is listed as one of the most valuable assets of the year 2020. The well-known crypto expert and editor of Palm Beach Research Group has listed CRPT alongside four other tokens in the 2020 Phenomenon Playbook. The 2020 Phenomenon Playbook is a special investment report that briefly analyses some of the groundbreaking crypto projects of the day to forecast its valuation and market performance. According to the report, CRPT has the potential to register a 700% gain over two…

Bloomberg Is NOT Giving Out BTC on Youtube

May 15, 2020 boss

Scammers are streaming Michael Bloomberg speeches on YouTube, claiming that the former presidential candidate is giving away free Bitcoin (BTC). Michael Bloomberg BTC Giveaway May 14, there were at least two such incidents with an apparent combined audience of almost 60,000. The scammers asked viewers to send between 0.1 BTC and 250 BTC to the video’s Bitcoin address, promising to return double their value. The channel alleged that Michael Bloomberg was facilitating crypto adoption through this mechanism. All related videos have since been removed by YouTube. Screenshots Of YouTube Streams.…

Where Bitcoin Fits in the New Monetary Order

May 15, 2020 boss

The third part of The Breakdown’s Money Reimagined series looks at the role of bitcoin and USD stablecoins in the new global monetary order. Niall Ferguson has called this moment an “age of experimentation” when it comes to currencies. One of the unique features of this moment is the experiments are not limited to the traditional actors. It is not just nation-states trying to elevate their currencies in the face of the global dominance of the dollar, but non-sovereign monies born of decentralized networks that are plausible contenders in this…

Price Analysis 5/15: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

May 15, 2020 boss

The action in altcoins has become coin specific, meaning, traders should remain with those that are in an uptrend as they are likely to follow Bitcoin if it moves higher. A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month. This suggests that if history were to repeat itself, the top-ranked cryptocurrency on CoinMarketCap will remain volatile but a large move in either direction is unlikely in the first month. However, the derivatives markets could…

Crypto Derivatives Exchange FTX Launches Bitcoin Hashrate Futures

May 15, 2020 boss

On Friday, Cryptocurrency derivatives exchange FTX launched a hashrate futures tool that allows Bitcoin (BTC) miners to hedge against mining difficulty risk. Hashrate, the amount of processing power dedicated to a Bitcoin network at a given time, determines the strength and security of the network. FTX leverages mining difficulty, that is, the complexity of solving equations that validate bitcoin transactions. According to the exchange, such a method is necessary because it is impossible to determine exact hashrate, beyond approximating it from block times and difficulty. The futures product that went…

Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

May 15, 2020 boss

Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company of Fidelity Investments. FalconX will use the funds to scale its infrastructure, introduce new products, and expand its trade execution engine. Institutional liquidity aggregator raises $17m FalconX trades as principal, offering institutions access to both lit pools — exchanges, and dark pools — including market makers, miners, and proprietary trading firms, through a single counterparty. Speaking to Cointelegraph a FalconX…