BitMEX CEO Expects Investors to Follow Paul Tudor Jones’ Move to Bitcoin

Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, says that Jones has just removed career risk from investing in cryptos like Bitcoin. “Expect a lot of beta fund managers to begin cooking some copypasta,” Hayes tweeted May 7. Jones paves the way for…

South Korea to Develop an Identity Platform on the Blockchain for Autonomous Vehicles

The government of South Korea’s planned city Sejong — which is the country’s testing ground for major smart city solutions — announced Friday that it will be establishing a blockchain-based platform for storing and verifying the digital identities of self-driving vehicles. An Asian news outlet, Aju Business Daily, reported that South Korea’s Ministry of Science and ICT along with the country’s internet technology watchdog, Korea Internet & Security Agency, will be leading the development of the identity management and verification platform. According to a Sejong city official, the blockchain-based technology…

Blockchain Jobs Are the Highest Paying Tech Roles in the UK

Digital lender, Capital on Tap, released figures that reveal Blockchain-related jobs offer the highest-paying salaries among all disruptive technology businesses in the UK. According to the UK-based firm, Blockchain has an average annual salary of GBP 75,000 (around $93041 USD). They also showed that the industry provides 544 permanent jobs throughout the country. The study highlights that disruptive technology is becoming an emerging force that is adhering to all industries, from virtual reality to 3D printing. United States still leads across the world The report highlights that the United States…

There’s a $30 Million Bitcoin Sell Wall That May Halt Any Rally Past $10k

The price action over the past few days has undoubtedly been positive for Bitcoin. After building momentum for weeks, the cryptocurrency finally burst past $10,000 this week, hitting a $10,100 high. Since this initial breach, BTC has slowed. The cryptocurrency has traded within a percentage point of $10,000 for the last 12 hours, barely deviating as bulls and bears clash. Some say this consolidation is indicative of an impending breach to the upside, yet there’s a rapidly growing sell wall above $10,000. This would indicate that Bitcoin moving higher from here…

Catastrophic Disruption or Healthy Rebalancing? How the Halving Will Impact Miners

With Bitcoin (BTC) block rewards expected to halve during the early hours of May 12, many analysts are starting to weigh in on what the event will mean for the crypto markets and mining community. Cointelegraph spoke to three analysts to get their unique takes on whether the halving is likely to comprise a “healthy rebalance” or a catalyst for migrating hash power and rising fees.  Analysts discuss impacts of halving on miners Johnson Xu, the chief analyst at TokenInsight, predicts the halving will have a significant impact on miners. “A…

China’s Blockchain Love Affair Continues With New Financial Pilot

Another Chinese province, Hainan, joins the blockchain ecosystem with the announcement of a cross-border financial services platform. News of the platform’s pilot was announced on May 8. According to the local newspaper, Hainan Daily, the central government approved the initiative, allowing banks to provide loans to companies that look to export their products abroad. The measure seeks to reduce the bureaucracy of customs procedures, in addition to reducing the number of loan applications through regular channels. The pilot program will select two banks to carry out business through the blockchain-powered…

Former Google Analytics Advocate Bashes Crypto Space

In the midst of rising prices, Adam Singer showed his disapproval of the entire crypto space, describing it as cultlike.  “Bitcoin went from a creative economic experiment to cult of over exposed, get rich quick neo goldbugs rooting for the end of the world,” Singer tweeted on Thursday. Everyone is “watching the same chart 24/7 and taking online victory laps that would make Jordan Belfort blush every time their only holding has a >5% move,” Singer added, referring to the infamous “Wolf of Wall Street” scam artist.  Bitcoin prices on…

Five Things to Do Other Than Worry About Coronavirus and Bitcoin Price

Let’s face it: Whether you’re an avid crypto enthusiast or just mildly interested in this blooming industry, chances are you’ve read, seen or heard more stories about the coronavirus and the Bitcoin (BTC) halving than you’d probably like to.  In all fairness, the coronavirus led to the world has collectively agreeing to press pause in an unprecedented manner, so the fact that a global pandemic happens to be taking place around the same time as the most important event in crypto means that full-on, 24/7 media coverage is to be…

Unless Outlawed, Every Country Recognizes Crypto Payments

In an exclusive interview with Cointelegraph, Albert Isola, Gibraltar’s minister for digital and financial services, argued that every country that respects contract laws recognizes crypto payments in the absence of regulation which prohibits them. On the question of whether Gibraltar legally recognizes crypto asset payments, Minister Isola stated: “Yes. [T]he transfer of crypto assets and crypto payments [are] already happening.” “On the question of whether they are recognized, I don’t believe there is a law on this planet, other than those that have specifically excluded it, that will not recognize…

Google Searches for ‘Bitcoin Halving’ Skyrocket to Unprecedented Numbers

Google searches for “Bitcoin halving” have hit an all-time high, far exceeding the spike associated with the previous halving event by 350%. Searches for the Bitcoin (BTC) halving event have reached 100 on Google’s normalized scale, indicating their highest-ever value. At the time of the last halving in 2016, this value was at 28. This means that the current level of interest is nearly 360% higher than it was four years ago. Google searches for “Bitcoin halving.” Source: Google Trends. Still a bear market The previous halving, which decreased the block…