Bitcoin Seems Few Steps Away From A Picture Perfect Resistance Smashing

Bitcoin is trading above the $9,600 and $9,500 levels against the US Dollar. BTC price is showing positive signs and it seems a few steps away from smashing the $10,000 resistance. Bitcoin is trading nicely above the $9,600 and $9,560 support levels. The price is likely to make another attempt to clear the $9,950 and $10,000 resistance levels. There is a crucial bullish trend line forming with support near $9,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally significantly above $10,000…

Steem to Freeze Another $5M in Tokens Associated With Hive Supporters

The controversy surrounding Justin Sun’s handling of the Steem (STEEM) network continues to grow, with Steem moving to freeze another $5 million in tokens held by dissident Steemit witnesses and stakeholders. Network validators — called ‘witnesses’ — associated with Sun have sanctioned the move to freeze 23.6 million in STEEM tokens, accusing the account holders of posing an existential threat to the Steem network. However, critics claim the hard fork vindictively punishes users who opposed the Tron founder’s takeover and supported the Hive hard fork in March — a community…

Coil Creators Can Now Receive Payouts Using Uphold Wallets

Digital payment platform Uphold has announced a partnership that allows Coil creators to be able to select the platform as their wallet provider to receive payments in over 50 currencies. Coil is a service that provides alternative methods for content producers to monetize their work online. “The ability to pay for [their] app subscriptions, news articles, or premium experiences with zero-clicks and in real time feels like the future,” said Robin O’Connell, Chief Revenue Officer (CRO) at Uphold. The partnership with Coil will utilize the Interledger Protocol and allow creators…

Why Cardano Founder Chose Wyoming Over the ‘Giant Egos’ at Harvard

Cardano founder Charles Hoskinson has revealed why the University of Wyoming presented a more attractive choice than Harvard, MIT or Cornell for Input Output’s (IOHK’s) lab. IOHK, the company charged with the development of Cardano, donated $500,000 in ADA to the blockchain lab at the university earlier this year. The State of Wyoming is known for its progressive crypto legislation, which allowed former Wall Street executive Caitlin Long to establish the first crypto-native bank in the U.S.  Hoskinson noted that the university was, “the first state institution in the entire United…

Chinese Communist Party Adds Crypto to Curriculum

A higher education institution that trains Chinese Communist Party officials has published a new book about cryptocurrency.  According to a local blockchain news report on May 19, the Party School of the Central Committee of the Communist Party of China — also known as the Central Party School — published the book as part of a book series on disruptive technologies. Previous entries in the series include “A Dialogue With Party Leaders About AI” and“ A Dialogue With Party Leaders About Blockchain”.  The aim of the book series is to…

Bitcoin Options Market Data Shows Mere 9% Chance BTC Reaches $20K in 2020

The Bitcoin (BTC) options market, which is mostly dominated by Deribit and CME, gives a 9% chance for BTC to rise to it’s all-time high at $20,000 by the end of 2020. Given the tendency of Bitcoin to see a prolonged rally six to eight months after a halving is activated, traders in the options market are relatively cautious about the medium-term trend of BTC. Data shows the BTC options market is tilted towards bulls In the near-term, many traders on both Deribit and CME are seemingly optimistic on the…

CME Traders Prefer Cash-Settled Bitcoin Products

Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).  “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told Cointelegraph in an email when asked why the CME chose to go the cash-settled route for its Bitcoin futures trading product back in 2017.  The CME launched its BTC futures after its price metrics The CME opened Bitcoin futures trading in 2017, based on the…

New Ransomware Uses a Banking Trojan To Attack Governments and Companies

A new type of ransomware attack emerged in recent months, raising red flags among the cybersecurity community and authorities such as the FBI in the United States. Cybersecurity firm Group-IB has warned that it comes in the form of a Trojan, according to a report published on May 17. According to Group-IB’s study, the ransomware is known as ProLock and relies on the Qakbot banking trojan to launch the attack and asks the targets for six-figure USD ransoms paid out in BTC to decrypt the files. The roster of victims…

Beware of Imposters Posing As Cointelegraph Journalists

Crypto community, be vigilant: Cointelegraph has recently noticed an increase in scammers purporting to be our journalists on Telegram, LinkedIn and other social media. While this is by no means a new phenomenon, this fraudulent activity has seemingly ramped up in recent weeks. Thankfully, their current methods mean that they are not particularly hard to identify. It’s easier than you think to spot an impostor There is a very simple rule of thumb to follow here: Cointelegraph does not charge for news articles. Ever. If anybody contacts you promising positive…

‘Americans Are Getting Screwed’ With Lab Testing, Says Pomp Interviewee

In a recent interview with Anthony “Pomp” Pompliano, Julia Cheek, CEO of home medical testing company Everlywell, called for major reform in the U.S. lab testing sector.  “I’ve been fighting this battle for five years, talking about how lab testing is broken and Americans are getting screwed,” Cheek said in a May 19 podcast interview with Pompliano, adding: “Lab testing is cheap, it can be affordable, you should know how much your tests are going to cost, period. […] There is no excuse for that, especially as you’re having to…