Brave Tokens Available for Trading on Gemini Starting April 24

Brave, the open-source pay-to-surf browser, will soon have more options for trading its signature token. In April 6 blog post on the Gemini website, the platform announced they would soon support trading for Brave’s Basic Attention Token (BAT). Users will be able to deposit BAT into their Gemini accounts starting on April 24th at 9:30 AM EST, with trading to begin “soon thereafter”: “BAT is the sixth digital asset available for trading on the Gemini platform, joining bitcoin, ether, bitcoin cash, litecoin, and Zcash. We will be offering USD, BTC,…

Ethereum Rallies 20% But Fails To Surpass 100-day SMA

Ethereum surged close to 20% and climbed above the $170 resistance against the US Dollar. However, ETH price is struggling to gain momentum above the 100-day simple moving average. Ethereum is up close to 20% and it broke the $155 and $165 resistance levels against the US Dollar. The price even tested the $175 resistance and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $182 on the daily chart of ETH/USD (data feed via Kraken). The pair must climb above the $180…

Bitcoin Price Will Go Up as Only Profitable Miners Remain: Data Analyst

Approximately 4-weeks ago global equities markets were in distress as investors finally realized that the coronavirus was not just an illness restricted to China, but rather a global pandemic which could permanently damage economics across the globe.  Crypto markets were not shielded from the mayhem that led the S&P 500 and Dow to post some of the biggest losses since the 2008 global financial crisis and investors will recall that on March 13 Bitcoin (BTC) price dropped more than 50% in the span of 24-hours.  To date, the volatility and…

Investigating Digital Assets in Japan Stymied by Nature of Crypto

According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas. In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for the introduction of separate taxes for crypto currencies. Otokita was concerned with the current high-tax system in Japan. He acknowledged that it would be difficult to quickly change the tax code to apply to digital…

Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy

With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in the crypto economy are actually meant to further the underground shadow economy. In a world filled with overbearing politicians and malicious data-collecting corporations, the surveillance state could easily make cryptocurrencies far more valuable by fueling…

BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation. In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member of the nonprofit’s new industry alliance for Internet security. Richard Perlotto, Shadowserver Director, thanked HDR for “their rapid response to our call for help” and emphasized the organization’s commitment to fighting cybercrime. The director is…

Major Chinese Mining Pool Drops out of BTC Mining Race, Looking to Altcoins

Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race.  According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash rate decreased significantly from 4000 to 200 petahashes per second earlier in March. The pool decided to leave the Bitcoin mining business and possibly move into altcoin mining in the near future.  Over 9%…

Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300.  Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%. Crypto market daily price chart. Source: Coin360 The total cryptocurrency market capitalization breached the $200 billion level, breaking from the diagonal resistance dating back to February when…

Tech Giant Microsoft Patents New Bitcoin (BTC) Mining System 

Tech giant Microsoft has patented a new crypto mining solution that uses human bodily activity data to reward people with digital currency when they perform certain tasks. The firm says the new system aims to reduce computational energy consumed during mining while also making the mining process faster, according to a report released April 6, Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News Original

Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research. Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws. Short-lived companies The report found over 70 blockchain projects that shut their doors last year. Among them over 70% of the projects reportedly did not survive their first year and 30% did not last 6 months. The research reads: “A considerable…