Bitcoin Analyst Says BTC Could Reach $25,000 by End of 2019

Bitcoin (BTC) price analyst Oliver Isaacs thinks it will hit $25,000 around the end of 2019, according to a report by The Independent on June 5. Isaacs discussed the reasons he still has high hopes for a rally in the near future, saying: “There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the U.S. and China has led to the sudden interest in bitcoin as a hedge on investments.” Draper also reportedly commented on the state…

Satoshi Posers — Why So Many Takers for the Bitcoin Crown?

The real identity of Bitcoin’s founder, Satoshi Nakamoto, has been a mystery since the inception of the preeminent cryptocurrency over a decade ago. Over the last 10 years, various people have claimed to be the mysterious Satoshi, but their assertions have always been met with skepticism and have lacked any substantial evidence to prove the point. This has seemingly come to a head over the last couple of months, as a number of people have gone a step further than claiming to be Bitcoin’s founder by filing copyright and trademark…

Crypto Exchange With 2 Million Users Launches Apps for Apple and Android Devices

A crypto exchange that claims it has amassed more than 2 million registered users in the space of four months has released new apps for Android and Apple smartphones. As well as supporting transactions in a multitude of cryptocurrencies, Bitsdaq says its app offers real-time updates on movements in the markets — and enables users to make withdrawals and deposits quickly. The software is currently available in English, simplified Chinese and traditional Chinese. With the crypto exchange market growing increasingly congested, Bitsdaq says many platforms have been suffering from poor levels…

Canada: Vancouver Mayor Suggests Ban on Bitcoin ATMs

The city of Vancouver, Canada, is considering banning bitcoin (BTC) automated teller machines (ATMs) due to money laundering issues, the Next Web reported on June 5. The mayor of Vancouver, Kennedy Stewart, has reportedly suggested a complete ban on bitcoin ATMs in connection with the increasing number of money laundering cases. A police report cited by the Next Web claim that criminals could purchase a bitcoin ATM for their own needs for a few thousand dollars, and then deposit their cash into that ATM “as many times as required” to…

Bitcoin Trading Volume on Coinbase Hits Year High

Bitcoin (BTC) trading volume on major cryptocurrency exchange Coinbase recently hit a high of 263,000 on May 12, a volume which has not been seen since February 4, 2018. Bitcoin most recently approached this number in November, with a peak of 259,000 on the 18th. Bitcoin 2-year volume chart. Source: Bitcoinity The Bitcoin price was similar between the two peaks at or above 263,000 volume, near $7,710 and $7,950 for May 12 and February 4, 2018 respectively, but these are larger than the similar peak on November 18 when BTC…

Vast Majority of DApps for Finance Built on Ethereum Blockchain

Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6. Number of DApps per blockchain, courtesy of Binance Research According to the report, DeFi can be thought of as the following: “An ecosystem comprised of applications built on decentralized networks, permissionless blockchains, and peer-to-peer protocols for the facilitation of lending/borrowing or trading with financial instruments.” This ecosystem purports to offer a permissionless, decentralized network for users, who reportedly retain full custody of their crypto assets. According to…

What Cboe’s Looming Crypto Futures Exit Means for the Bitcoin Price

By CCN: After nearly 18 months of operation, the Cboe bitcoin futures market is closing for good, or at least for the foreseeable future, with the expiration of its last bitcoin futures contract on June 16. Speaking to Bloomberg, Cboe spokeswoman Suzanne Cosgrove revealed that the company does not have plans to release a new product for cryptocurrency trading at this time, reaffirming the closure of its bitcoin futures market that was announced in March. The bitcoin price is up 115 percent year-to-date against the U.S. dollar. | Source: CoinMarketCap…

Facebook Sources Say That Stablecoin White Paper Will Come on June 18

Multiple sources are expecting Facebook to launch its stablecoin on June 18, IT and fintech magazine TechCrunch reported on June 6. Citing people familiar with the plans, the publication added strength to existing suggestions from both within and outside the company that its secretive cryptocurrency project would appear this month. Previously, rumors had suggested it would be 2020 before Facebook made a commitment to bring its product, which should focus on remittances, to market. “It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics,”…

Bitcoin Reclaims $8K as Coins See Green, Experts Warn of Ominous Stock Market Volatility

Friday, June 7 —  after recent shaky sentiment, the crypto markets are today back firmly in the green, with bitcoin (BTC) breaking back above the $8,000 mark, as Coin360 data shows. Market visualization courtesy of Coin360 Having bullishly surged above the psychological price point of $9,000 in May, bitcoin has since seen significant corrections — briefly trading below $7.600 on June 6. To press time, the top coin is seeing solid green, breaking back above $8,000 to trade at $7,003 — up roughly 1.8% own on the day, according to…

Thailand’s Largest Commercial Bank Retracts Tweet Indicating Plans to Use Ripple’s XRP

Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7. The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had responded to a user’s question regarding XRP and revealed ostensible plans to announce details of an unspecified “XRP system […] soon.” With the June 5 tweet having since been deleted, SCB today has firmly…