Month: April 2019

Bitcoin (BTC) Steady as IEO is on the Cards for BitFinex

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Bitcoin (BTC) consolidate among bears BitFinex considering an IEO to raise $1 billion It may take weeks, but whales are already lining up $300 million in USDT to shore BitFinex, and maintain community’s trust. While Bitcoin could dip, strong support is at $4,950. Bitcoin Price Analysis Fundamental Well, there is development around USDT, Tether Limited, and BitFinex. The exchange may be one of the most liquid and perhaps, trusted moving around five percent of Bitcoin’s daily trading volumes. It could be higher when the space is calm but with a…

Crypto Markets Recover With Bitcoin Breaking $5,300, Gold and Oil Prices Rise

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Tuesday, April 30 — following another decline yesterday, crypto markets again reversed to gain momentum upwards, with all but one top 20 coins by market cap in the green. Having skyrocketed more than 18% yesterday, IOTA (MIOTA) is the only coin among the top 20 that sees losses, down around 4.3%. In contrast, litecoin (LTC) is seeing the biggest gains over the past 24 hours, up 7.17% at press time. Market visualization from Coin360 Bitcoin (BTC) has broken back above $5,300 today, hitting an intraday high of $5,353. At press…

BitPay Partners With Refundo to Enable Taxpayers to Receive Refunds in Bitcoin

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Cryptocurrency payment services firm BitPay has partnered with tax-related financial products company Refundo to enable people to get a portion of their tax refund back in bitcoin (BTC). The development was announced in a press release shared with Cointelegraph on April 30. Refundo’s new product dubbed CoinRT allows taxpayers to receive all or a portion of the federal and state tax refunds in BTC through BitPay’s Payouts, purportedly ensuring low transaction fees, speed, and serving the underbanked. To start using the platform, taxpayers need to create an account, provide a…

Ripple (XRP) Add 4.5 Percent But is it Overpriced?

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Ripple (XRP) up 4.5 percent Critics argue that the coin is overpriced At third, Ripple (XRP) prices are steady, bouncing off primary support at 30 cents. Even so, commentators say there is an overvaluation despite institutional, High net worth investors channeling their funds in Q1 2019. Ripple Price Analysis Fundamentals True, the space is sophisticated and with a mix of start-ups, analysts, supporters, developers and speculators, it may appear an arduous task to navigate. At one-point Ripple Inc, the independent company that owns a majority of XRP, always have to…

UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

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The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a “short-term and small-scale basis.” According to the regulator, the startup uses a “central blockchain-based store of information” to verify identities and documents online from original sources. Meanwhile, Fintech Delivery Panel Partners has been given permission to test a “decentralized digital identity platform using machine learning identity verification and blockchain-based key…

Ethereum (ETH) Respond After Elon Musk Tweet, ProgPOW Has the Funding

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Ethereum (ETH) add 2.8 percent ProgPOW funding secure, Berlin’s Least Authority to audit Ethereum Price Analysis Fundamentals Ethereum (ETH) is superior and an upgrade of Bitcoin. Its native currency in ETH can operate within an ecosystem, powering smart contracting as a settlement coin. Besides, considering the infinite number of possibilities that the platform opens up for visionaries, it is understandable that the community reacts the way it did to a single one-word tweet by Elon Musk, the brains behind Tesla and Space X. Ethereum — Elon Musk (@elonmusk) April 30,…

11% of Americans Own Bitcoin, Major Awareness Increased Since 2017

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11% of the American population owns the major cryptocurrency bitcoin (BTC), according to a new survey published by Spencer Bogart of venture capital firm Blockchain Capital on April 30. Blockchain Capital partner Bogart today posted the results of a new survey conducted by Harris Poll in order to provide analytics data on bitcoin’s demographic trends. Conducted between April 23, 2019 and April 25, 2019, the survey included answers of 2,052 American adults and represents an expanded version of the previous demographic survey released by the firm in October 2017. According…

“Publicly Traded Crypto Exchange” Bitcoin Generation Hit by SEC Sanctions

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An official announcement published on April 29, 2019, has revealed that the United States Securities and Exchange Commission (SEC) has temporarily suspended the trading of shares in Bitcoin Generation (BTGN), a blockchain-based company out of Oklahoma. The company also operates a crypto exchange platform that supports popular cryptocurrencies, and it bills itself as the “first publicly traded cryptocurrency exchange.” Specifically, the regulator pointed out inaccuracies with information relating to a bond purchased by BTGN from a U.K.-based entity, as well as its stock valuation and the status of its financial…

4 Billion Crypto Adopters Will Outnumber Internet Users, Predicts Binance CEO

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By CCN.com: Binance CEO Changpeng Zhao boldly claims that cryptocurrency will reach more users than the internet in a matter of years. His wildly bullish prediction suggests that over 4 billion people on the planet will use crypto in the near future. In a few years, there will be more users in #crypto than there are users for internet today. — CZ Binance (@cz_binance) April 30, 2019 Crypto: bigger than the internet Current estimates suggest that 58 percent of the global population have access to the internet. That’s a total…

Hackers who infiltrated Microsoft Outlook also stole cryptocurrency from users

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Microsoft Outlook email users were targeted by a cyberattack earlier in April. The attack saw hackers access victims’ email content and metadata. According to the testimony of multiple victims now, the hackers also reportedly stole from their cryptocurrency accounts, likely indicating the true motive of the attack. The hackers were able to breach Microsoft’s email system by gaining access to a Microsoft customer support staffer’s login credentials, Motherboard reported. This allowed the attackers to steal the contents of non-corporate Outlook, MSN, and Hotmail accounts. However, it appears that the attack…