• Bitcoin (BTC) Price Near Crucial Juncture: Can Bulls Gain Traction?
    Bitcoin price rebounded above $5,100 after a massive drop towards $4,900 against the US Dollar. The price seems to be facing a strong resistance near the $5,200 and $5,220 levels. There is a major bearish trend line in place with resistance near $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above the $5,250 resistance or start a fresh decline in the near term. Bitcoin price is facing a significant resistance against the US Dollar. BTC is likely to climb sharply if it settles above $5,250 and the 100 hourly simple moving average. Bitcoin Price Analysis This past week, there was a sharp drop in bitcoin price below the $5,200 support against the US Dollar. The BTC/USD pair even spiked below the $5,000 support level and formed a swing low above $4,900. Later, the price started a slow and steady recovery above the $5,000 and $5,050 resistance levels. The bulls even pushed the price above the $5,100 resistance and the 23.6% Fib retracement level of the last slide from the $5,509 high to $4,905 low. It opened the doors for more gains above the $5,150 level, but the price ... read more
    Source: News BTCPublished on 2019-04-29By Aayush Jindal
    3 months ago
  • Bitcoin (BTC) Price Near Crucial Juncture: Can Bulls Gain Traction?
    Bitcoin price rebounded above $5,100 after a massive drop towards $4,900 against the US Dollar. The price seems to be facing a strong resistance near the $5,200 and $5,220 levels. There is a major bearish trend line in place with resistance near $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above the $5,250 resistance or start a fresh decline in the near term. Bitcoin price is facing a significant resistance against the US Dollar. BTC is likely to climb sharply if it settles above $5,250 and the 100 hourly simple moving average. Bitcoin Price Analysis This past week, there was a sharp drop in bitcoin price below the $5,200 support against the US Dollar. The BTC/USD pair even spiked below the $5,000 support level and formed a swing low above $4,900. Later, the price started a slow and steady recovery above the $5,000 and $5,050 resistance levels. The bulls even pushed the price above the $5,100 resistance and the 23.6% Fib retracement level of the last slide from the $5,509 high to $4,905 low. It opened the doors for more gains above the $5,150 level, but the price ... read more
    Source: News BTCPublished on 2019-04-29By Aayush Jindal
    3 months ago
  • IOTA Price Analysis: Incredible 12.52% Surge Catapults IOTA above $0.3000
    IOTA recently formed a low at $0.2339 amid the crypto selloffs that we witnessed last week. Forming support above $0.3000 will a definite win for the buyers. IOTA is back to trading mid-April levels following a formidable rise on the first day of week and just a day before we say good bye to April. The increase is not unique to MIOTA/USD pair, we can see green shoots sprouting across the board. The reversal comes after IOTA embarked on a journey of trimming gains from April highs around $0.3833. The declines have been devastating to investors to the extent that it reached the levels traded just before the 2018 Christmas surge at $0.2339. MIOTA/USD 1-hour chart Chart Source: Tradingview IOTA recently formed a low at $0.2339 amid the crypto selloffs that we witnessed last week. Prior to that, the price had found refuge in a range between $0.3000 and $3188. The consolidation in this range culminated in IOTA diving deeper in the sea of red below both the 50 Simple Moving Average (SMA) and the 100 SMA 1–hour. Various potential support levels failed to rise up to the task including $0.3000, $0.2800 and $0.2600. The price explored the ... read more
    Source: CoinGapePublished on 2019-04-29By John Isige
    3 months ago
  • Jaguar Land Rover Will Reward Data-Sharing Drivers with IOTA
    "There is no Jaguar coin, no BMW coin, but one universal token for this machine economy," said the crytpocurrency's cofounder. ... read more
    Source: Finance MagnatesPublished on 2019-04-29By Rachel McIntosh
    3 months ago
  • Crypto Market Could Defy Gravity: IOTA Rallies, Bitcoin Cash, TRX, ADA Analysis
    The total crypto market cap broke a major bearish trend line near the $166.5B resistance. Bitcoin cash price is still struggling and it recently broke the $260 support. Tron (TRX) is currently consolidating losses above the $0.0230 support level. Cardano (ADA) broke the $0.0700 support level and it could now test $0.0650. IOTA (MIOTA) climbed higher sharply by more than 10% and broke the $0.3000 resistance. The crypto market is slowly moving higher, driven by bullish moves in bitcoin (BTC). IOTA performed really well, while Ethereum (ETH), tron, ripple, LTC, and cardano remain under pressure. Bitcoin Cash Price Analysis Bitcoin cash price settled below the $280 support level against the US dollar. The BCH/USD pair attempted an upside correction, but it failed to gain traction above the $275 level. As a result, there was a fresh decline and the price broke the $265 and $260 support levels. The price even cleared the $255 level and it seems like it could test the $250 support level. On the upside, the previous supports near $260 and $262 are now likely to act as hurdles for the bulls. Tron (TRX), ADA and IOTA Price Analysis Tron price remained in a strong ... read more
    Source: News BTCPublished on 2019-04-29By Aayush Jindal
    3 months ago
  • IOTA [MIOTA] pumps by 17% as Jaguar integrates cryptocurrency for data-sharing access
    The automobile industry and the cryptocurrency world are set to embrace each other following the recent partnership between Jaguar Land Rover and MIOTA. The largest automobile manufacturer in the United Kingdom began testing software that will allow its drivers to earn IOTA [MIOTA], while sharing their driver data. According to Reuters, IOTA will develop “smart wallet” technology integrated on Jaguar’s cars. Data pertaining to traffic congestion or potholes will be automatically reported to stakeholders like navigation providers and local law enforcement, and the drivers will be rewarded with the cryptocurrency. Participation in ride-sharing programs will also be rewarded, added the report. The IOTA coins can be used to pay for tolls, parking, and charging electric cars. The partnership will further the “zero emissions, zero accidents, and zero congestion” goal, Reuters was told. Currently, only the Jaguar F-PACE and Range Rover Velar have been upgraded with the “smart wallet” feature. Despite the Tata Motors-subsidiary testing integration, no timetable for commercial release has been announced by the company. Dominik Schiener, Co-founder and Co-chairman of IOTA told Reuters, “IOTA wants to enable interoperability with all these different players. So, there is no Jaguar coin, no BMW coin, but one universal token for this ... read more
    Source: AMB CryptoPublished on 2019-04-29By Aakash Athawasya
    3 months ago
  • Bond Rating Agency Moody’s Warns on Risks of Private Blockchains
    Rating agency Moody's has warned of several risks of private, centralized blockchains in a report examining the tech's pros and cons. ... read more
    Source: CoindeskPublished on 2019-04-29By Anna Baydakova
    3 months ago
  • Malaysia to develop "Blockchain City" by the Support of Chinese Government
    Malaysia is fully ready to develop "Blockchain City" by the Support of The Chinese Government ... read more
    Source: CryptoGroundPublished on 2019-04-29By Manoj Sundar
    3 months ago
  • Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels
    Bitcoin continued to build support above $5250 over the weekend after incurring losses due to the Bitfinex Vs. New York AG court proceedings revelation. The bulls seemed to have increased the buying pressure tremendously about the $5000 mark. However, the altcoins haven’t seemed to recover from the sudden price drop and have continued to trade lower on a weekly scale. BTC/USD 1-week Chart on Coinbase (TradingView) The price of Bitcoin at 4: 30 UTC on 26th April is $5295. It is trading 0.5% higher on a daily scale and at par on a weekly scale as well. This is the third continual week when Bitcoin maintained its price above the $5150 mark on an average. Also Read: Bitcoin Weekly Forecast: The Tag of War Between the Bears and The Bulls Carries On Litecoin [LTC] and Bitcoin Cash [BCH] Bitcoin Cash [BCH] broke below the $300 mark on 11th April after gaining over 120% since the beginning of the year at $330. However, it is testing the $250 as support. BCH/BTC 1-Day Chart on Coinbase (TradingView) The price of Bitcoin Cash [BCH] at 4: 00 hours on 29th April 2019 $254. It is trading 3.54% lower on a daily scale. Litecoin [LTC] ... read more
    Source: CoinGapePublished on 2019-04-29By Nivesh Rustgi
    3 months ago
  • Ripple (XRP) Price Remains At Risk Of Further Decline
    Ripple price recovered recently above the $0.2900 level and tested $0.2960 against the US dollar. The price seems to be facing a strong resistance near the $0.2950 and $0.2960 resistance levels. There is a connecting bearish trend line forming with resistance near $0.2935 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could revisit the $0.2810 level as long as it is trading below $0.2960 and $0.3000. Ripple price is facing a lot of hurdles on the upside against the US Dollar and bitcoin. XRP remains at a risk of more declines unless it climbs back above the $0.3000 resistance area. Ripple Price Analysis After a short term correction, ripple price extended losses below the $0.2950 support against the US Dollar. The XRP/USD pair broke the $0.2920 support level and declined heavily below $0.2900. It traded close to the $0.2800 level and settled well below the 100 hourly simple moving average. A new monthly low was formed at $0.2796 and the price recently corrected higher. It broke the $0.2860 level and the 23.6% Fib retracement level of the last drop from the $0.3077 high to $0.2796 low. The price even moved above the ... read more
    Source: News BTCPublished on 2019-04-29By Aayush Jindal
    3 months ago
  • Litecoin (LTC) Price Analysis: Risk Of Additional Weakness To $60
    Litecoin price is facing a strong resistance near the $72.50 and $75.00 levels against the US Dollar. LTC could extend losses towards the $62.00 or $60.00 support before a fresh increase. Key Talking Points Litecoin price failed to stay above the $75.40 support and declined recently (Data feed of Kraken) against the US Dollar.There is a crucial bearish trend line formed with resistance near the $72.50 level on the 4-hour chart.LTC price is likely to dive towards the $62.00 support level as long as it is below $75.40. Litecoin Price Analysis (LTC) This past week, there was a strong decline in bitcoin, Ethereum, EOS, ripple, litecoin and other altcoins against the US dollar. The LTC/USD pair broke a major support area near the $75.40 level to enter a bearish zone in the near term. Looking at the 4-hour chart, LTC price declined heavily below the $75.40 support and settled below the 100 simple moving average (4-hour). The price even broke the $70.00 support level and traded as low as $67.08. At the moment, the price is trading with a bearish angle, with an immediate resistance near the $70.00 level and the 23.6% Fib retracement level of the last ... read more
    Source: Ethereum World NewsPublished on 2019-04-29By Aayush Jindal
    3 months ago
  • Ethereum (ETH) Price In Another Decrease As Bulls Struggle
    ETH price corrected higher recently but failed to break the $160 resistance against the US Dollar. The price is currently moving lower and it might revisit the $150 or even $146 support level. There is a key connecting bearish trend line formed with resistance at $155 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover if it surpasses the $156 resistance and the 100 hourly simple moving average. Ethereum price is facing an increase in selling pressure versus the US Dollar and bitcoin. ETH remained capped below $160 and it is now declining towards the $150 support. Ethereum Price Analysis After a strong decline below $150, Ethereum price started a short term upside correction against the US Dollar. The ETH/USD pair gained traction above the $154 and $155 resistance levels. The pair climbed towards the $160 level, but it struggled a lot near the $158 level and the 100 hourly simple moving average. The price topped below the $159 level and recently started a fresh decline. It broke the $155 and $154 support levels. There was a break below the 23.6% Fib retracement level of the recent wave from the $146 swing low ... read more
    Source: News BTCPublished on 2019-04-29By Aayush Jindal
    3 months ago
  • A Glimpse of Banking’s Future, Live on the Ethereum Blockchain
    Last week, Frenching bank Societe Generale revealed that it has issued a security token-like bond on ethereum. But rather than using a private iteration, SocGen used the public blockchain. ... read more
    Source: CoindeskPublished on 2019-04-29By Michael J Casey
    3 months ago
  • IOTA Revved Up On Jaguar Land Rover Partnership, Pumps 18%
    Big partnership announcements have been thin on the ground for the major crypto projects for the duration of the bear market. That trend changed for IOTA today when the UK’s largest automobile manufacturer announced that it would be offering cryptocurrency rewards to drivers for data sharing. IOTA Driven Up MIOTA markets reacted pretty quickly when the news articles started doing the rounds. From a 24 hour low of $0.261 IOTA surged over 18 percent to reach $0.310 according to coinmarketcap.com. Daily trade volume almost tripled to just over $30 billion during Asian trading this morning. Binance is currently getting most of that volume with a 40% share, primarily in BTC. IOTA/USDT prices 1 hour – Tradingview.com Along with the rest of the crypto markets IOTA hit a low point in mid-December of around $0.20 and it hasn’t really recovered much from that. This partnership announcement has revived the Internet of Things based altcoin which is currently one of the top performing ones in a generally flat crypto market. According Reuters Jaguar Land Rover has begun testing software that will use a ‘smart wallet’ to collect crypto which has been awarded to drivers who share their data. ... read more
    Source: Ethereum World NewsPublished on 2019-04-29By Luke Thompson
    3 months ago
  • Jaguar Land Rover Implements IOTA Cryptocurrency in its Cars; MIOTA Surges by 17%
    Britain’s largest car manufacturer, Jaguar Land Rover, has told the media on Monday that it is testing a ‘smart contract’ with the new fleet of cars that would pay the subscribers in IOTA in exchange for ‘data sharing.’ The price of IOTA shot up by 17% in three hours as the news broke. The price of IOTA at 2: 40 hours UTC on 29th April 2019 is 0.303. It is trading 11.4% higher on a daily scale. Also Read: Audi Think Tank in Collaboration with IOTA Pushes a New Use Case to Reality The Proposed Partnership with Jaguar Land Rover The car manufacturing leader is designing and developing a “smart wallet” software to be installed in its fleet of cars. Two new models: Jaguar F-PACE and Range Rover Velar have been installed with the software already. On enabling, the car will automatically share useful data such as potholes locations, traffic congestions, and performance of the car as well. Drivers could also earn from a vehicle-sharing program. Dominik Schiener, IOTA co-founder and co-chairman of its board told the media, “The smart wallet technology… can be easily adapted into all new vehicles… IOTA wants to enable interoperability with all these different players. So there ... read more
    Source: CoinGapePublished on 2019-04-29By Nivesh Rustgi
    3 months ago
  • Prominent Investors Are Sure The Bitcoin (BTC) Bottom Has Been Established: Why?
    Analysts Lean Bullish (Almost) Across The Board Last week, Willy Woo, a prominent crypto researcher, released what has to be the biggest collection of analyst opinions in a while. According to the data he gathered, most prominent Bitcoin traders, investors, and chartists, are sure that the cryptocurrency bottom was established when BTC hit $3,150 in December.
    I surveyed notable influencers, analysts and traders for their probability that the bottom is in for this bear market. Here are the results:95% @woonomic (Adaptive Capital / On-chain Analyst)90% @jespow (Kraken founder)90% @arjunblj (Analyst)85% @novogratz (Galaxy Digital)— Willy Woo (@woonomic) April 22, 2019 Those almost sure that the “bottom is in” included Woo himself, Jesse Powell of Kraken, Arjun Balaji, Galaxy Digital’s Mike Novogratz, ShapeShift chief executive Erik Voorhees, Anthony “Long Bitcoin, Short The Bankers” Pompliano, anti-establishment figure Travis Kling, and Murad Mahmudov. Let’s break down why they believe that Bitcoin has hit a low in this cycle, and could thus be prepared for a long-term move to the upside, potentially beyond BTC’s previous high of $20,000. Bitcoin Bottom: Fundamentals First, let’s take a look at fundamentals. From a blockchain data perspective, indicators are suggesting that Bitcoin ... read more
    Source: Ethereum World NewsPublished on 2019-04-29By Nick Chong
    3 months ago
  • Jaguar testing IOTA rewards for drivers, MIOTA shoots up by 11.6%
    Jaguar Land Rover is testing a “smart wallet” using IOTA; If launched, vehicle owners would be rewarded for sharing driving data and could “pay for tolls, parking, and charging for electric cars” using the cryptocurrency, according to Reuters on Apr. 28th. IOTA is a distributed ledger that, unlike Bitcoin which leverages a blockchain data structure, uses a directed acyclic graph (DAG) to achieve scalability and high transaction throughput. The crypto is often lauded as a solution for internet-of-things (IoT) applications. On Apr. 28th, Reuters reported that Jaguar Land Rover, a British multinational automotive company owned by Tata Motors, is testing an IOTA-enabled wallet at its engineering base in Shannon, Ireland, where the Jaguar F-PACE and Range Rover Velar are being fitted with the software. The company has yet to announce a release date for the software. Jaguar F-PACE courtesy of Wikipedia Dominik Schiener, the IOTA co-founder told Reuters that the smart wallet technology can be “easily adapted into all new vehicles.” Binance IOTA/BTC on Cryptowat.ch Following the 16:15 PDT news release, the price of MIOTA on Binance, the exchange with the largest trading volume, shot up from 0.00004918 BTC ($0.252) to 0.0005488 BTC ($0.283), an ... read more
    Source: CryptoslatePublished on 2019-04-29By Mitchell Moos
    3 months ago
  • Security Tokens are only safe if they are based on a centralized market, states Tone Vays
    Since the start of 2019, the introduction of security token had been looming large in the cryptocurrency space. Vinny Lingham, CEO of Civic, had recently stated that as security tokens enter the mainstream crypto ecosystem, the “crypto-bubbles” are likely to disappear. Tone Vays, however, had a different perspective on the security token’s place in the virtual asset industry. He stated that it was safer for a token to be a security on a centralized market and not a decentralized blockchain. Virtual currencies are all based on a decentralized blockchain. He said that it would be impossible for Bitcoin to be a security as it would open up the blockchain, but if Ethereum [ETH] achieves security token status, it would likely be unsafe on the decentralized blockchain of Ethereum. He explained that Bitcoin might survive in the market for the next 25-30 years but in the case of Ethereum or EOS, the security tokens in their blockchain would be in jeopardy in terms of their safety. Tone Vays said that in the event of a hack or bad smart contract in the Ethereum blockchain, for example, the government would directly hold its user responsible for making a bad decision unless the ... read more
    Source: AMB CryptoPublished on 2019-04-29By Biraajmaan Tamuly
    3 months ago
  • Bitcoin (BTC) Unlikely To Surmount $6,000 Until Late-2019, Historical Analyst Suggests
    Bitcoin May Remain Trapped Under $6,000 For Now Analysts, like Crypto Rand, fully expect for Bitcoin (BTC) to soon break past the $6,000 resistance level. However, one analyst going by “Wusten” recently argued that if cryptocurrencies follow their historical long-term trends, BTC may remain trapped under $6,000 until late-2019 or even 2020. In a recent Twitter post, Wusten noted that Bitcoin follows long-term (three or four year) cycles that see BTC rally parabolically higher each time. According to his analysis, Bitcoin has recently exited the capitulation phase, which saw the BTC chart print a “death cross” last April to fall to $3,150 by December, and has now entered the accumulation/consolidation phase.
    Bitcoin patterns and additional info. April, June and October connection.#cryptocurrency #crypto #bitcoin @davthewave pic.twitter.com/AFwB3N8asX— Wüsten (@KriegTonderoga) April 25, 2019 If historical trends are followed, the recent golden cross, which saw the 50-day moving average cross above the 200-day moving average, will be a “fake out.” Wusten explains that Bitcoin will remain trapped under $6,400, which BTC traded around for many months last year, until October. By October, the analyst expects for cryptocurrencies enter “spring” and for BTC to see an actual breakout, marked ... read more
    Source: Ethereum World NewsPublished on 2019-04-29By Nick Chong
    3 months ago
  • Stablecoin Overload? Asset Class in Danger of Market Saturation
    As the crypto markets post a small recovery from losses incurred earlier in the week, news of stablecoin creation continues to dominate the industry. Last week Tether and TRON joined forces to launch the TRX-backed USDT on TRON’s platform. Over the course of the last six months, numerous stablecoin projects have been appearing on the scene, giving some indication of what is currently vogue among cryptocurrency developers and start-up investors. Even Facebook, the social media giant which less than a year ago spearheaded an all-out cryptocurrency ban, is planning to enter the market by issuing its own messaging based stablecoin. With all of this development cropping up at once, it begs the question: are stablecoins already in danger of market saturation? The Utility of Stablecoins Tether’s USDT, the industry leading stablecoin and eighth largest cryptocurrency by market capitalization, has historically led the pack in offering a price-stable coin for investors and exchange-based traders. However, with the company embroiled in a series of scandals, the road is paved for a strong competitor to eat into their market share. In addition, the glut of stablecoins entering the market is clearly in response to the price volatility and ... read more
    Source: Ethereum World NewsPublished on 2019-04-28By Michael Lavere
    3 months ago
  • Will Bitcoin complete the double bottom pattern or has the bull run actually started?
    Bitcoin collapsed by 9% on almost all exchanges when the Bitfinex and Tether news broke out, however, on Kraken, the price fell as low as, ~$4,300. Based on past data, it can be assumed [with a grain of salt] that there is a possibility of the formation of a double bottom pattern, as it did in 2015 when the whole community believed that Bitcoin had started the bull run after the first bottom. Source: TradingView The Death Cross, formed in September of 2014, pushed the price of Bitcoin from $556 to $187, which was followed by a fake Golden Cross, which was mistaken signal of the start of a bull run. However, the price decided to dip again, forming another Death Cross followed by another Golden Cross, which was the start of the actual bull run. During this time frame, two bottoms, one in, January 15, 2015, and the other, in August 2015, were formed. At press time, the same pattern seemed to be forming, as the first bottom was witnessed on December 15, 2018, which was followed by a Golden Cross. The community speculated that this could be the start of the bull run, which could be wrong. Assuming ... read more
    Source: AMB CryptoPublished on 2019-04-28By Akash Girimath
    3 months ago
  • Binance Chain Launch Sees Developers and Entrepreneurs Reconsidering Ethereum
    Last week, Binance announced the launch of Binance Chain, its native Blockchain platform that will facilitate the issuing, exchanging, and usage of digital assets. Apart from the fact that Binance Chain opens a new world of possibilities for cryptocurrency projects, the BEPs protocol on Binance Chain also shows some significant difference Ethereum’s ERC-20 protocol that currently dominates the crypto space.  For instance, the BEP2 standard makes it possible to issue crypto tokens that can be pegged to any other altcoin as opposed to the current standards that only pegs tokens against ETH or BTC. The Binance chain also includes other features such as minting, burning, transferring or freezing tokens. Below is a list of existing projects that have migrated to the Binance Chain since its launch: BNB NOW MITH PHX AWC Binance Coin (BNB) It goes without saying or special expectation that Binance Coin (BNB) has been migrated from Ethereum to the Binance chain as the native cryptocurrency on the platform. Binance Coin on Binance Chain will serve the same purpose that Ethereum serves on Ethereum network to pay for network transactions among other things. BNB tokens, originally an Ethereum-based ERC-20 token is now being migrated to ... read more
    Source: BitcoinistPublished on 2019-04-28By Bitcoinist
    3 months ago
  • Historically Bearish Technical Formation May Spell Trouble for Bitcoin Bulls
    Bitcoin’s recent upwards momentum has led to a massive shift in the overall sentiment surrounding the crypto markets, as enthusiasm is tepidly increasing as more investors believe that the BTC’s 2018 lows are truly a long-term bottom. Despite this, one of Bitcoin’s fundamental indicators is currently flashing a bearish signal that has historically been followed by large retraces, which could put BTC’s recent price surge in jeopardy. Bitcoin (BTC) Climbs to Over $5,300 as Recent Tether-Based Fears Subside  At the time of writing, Bitcoin is trading up nearly 1% at its current price of $5,310, up slightly from its daily lows of $5,260. Earlier this week, BTC fell from highs of well over $5,600 due to news surrounding the New York Attorney General’s office claiming that controversial stablecoin Tether and related cryptocurrency exchange Bitfinex, have been defrauding investors and traders. This news instantly sent Bitcoin and the entire crypto market reeling downwards, but BTC found a decent amount of support in the $5,200 region that stopped it from falling lower and has allowed it to begin climbing higher. This recent drop initially appeared to put the upwards momentum that Bitcoin formed when it surged into the $5,000 region earlier this ... read more
    Source: News BTCPublished on 2019-04-28By Cole Petersen
    3 months ago
  • Bitfinex/Tether drama causes massive chunks of USDT being moved
    The Bitfinex and Tether news has created a massive buzz leading people to speculate the aftermath of the lawsuit. Meanwhile, there have been massive amounts of USDT being sent from wallets to exchanges. According to @soliel_dusoir9, a Twitter user, Binance’s cold wallet moved $127 million USDT.
    .@cz_binance has moved 127M USDT from @binance ‘s cold wallet since the Tether news broke. pic.twitter.com/HEgNTag982 — Soleil #DelistTether (@soleil_dusoir9) April 27, 2019 At press time, the available balance in the cold wallet [1pYbaaWDhezjBkXBHEUqTHCc6DbefSZiK] was 654 million USDT. Since April 2019, the wallet has sent a total of approximately 210 million USDT from the above-mentioned wallet. In addition, to Binance, 5 million USDT was transferred from Bitfinex to Huobi.
    4,999,994 #USDT (4,948,933 USD) transferred from #Bitfinex to #Huobi Tx: https://t.co/t3sU2L5QtL — Whale Alert (@whale_alert) April 28, 2019 Another 5 million was transferred from unknown wallet to Bitfinex.
    4,999,999 #USDT (5,027,714 USD) transferred from unknown wallet to #Bitfinex Tx: https://t.co/pXIFtBSflU — Whale Alert (@whale_alert) April 28, 2019 Another massive chunk of USDT, approximately 13 million USDT was sent from Poloniex exchange to Tether treasury, on April 27, 2019. This could be Poloniex exchange ... read more
    Source: AMB CryptoPublished on 2019-04-28By Akash Girimath
    3 months ago
  • Bitcoin Price Is $5,500 On BitFinex And $5,190 Elsewhere: Here Is Why
    After last week’s fiasco involving BitFinex and Tether, when the New York Attorney General Letitia James had to weigh in with a court order, investors were expecting the cryptocurrency market to become bearish. The bitcoin rate against the U.S. Dollar (BTC/USD) initially turned bearish and fell below the $5,000 level to $4971. However, to everyone’s surprise, it finished the busy trading week above the coveted psychological support around $5,000 per bitcoin. The problem is, there is a substantial divergence between the price of BTC/USD on most cryptocurrency exchanges and BitFinex. On Sunday, the BTC/USD on popular cryptocurrency exchange Coinbase was trading around $5,190. However, at the same time, BitFinex was quoting the price of BTC/USD at near $5,500! If we carefully examine the line charts of the BTC/USD price of Coinbase and BitFinex since the beginning of the week, it is clear that time to time, the price diverges on these two exchanges. The fact is, it is perfectly normal to have a small difference in the price of any commodity among exchanges due to the difference in trading volumes and supply and demand conditions. The crypto community is used to price differences between BitFinex and other exchanges such ... read more
    Source: CryptoPotatoPublished on 2019-04-28By Asif Imtiaz
    3 months ago
  • Bitfinex Premium Continues To ‘Rally’ Even After Bitcoin (BTC) Stabilizes, Tether Fears Subside
    If you’ve checked Crypto Twitter or *insert your favorite trade publication* over the past 72 hours, NewsBTC is sure that the Tether and Bitfinex news, along with the effect this debacle has had on the Bitcoin (BTC) price, has been on your radar. But if you are somehow unaware, here’s a brief recap: On Thursday, the New York Attorney General’s (NYAG) office published a press release, in which it was stated that Bitfinex and Tether were in violation of New York law through participation in activities that “may have defrauded” local cryptocurrency investors. Letitia James, the Attorney General herself, explained that the two firms may have “engaged in a cover-up” to hide the “apparent loss” of $850 million, which was a result of a payment processor, Crypto Capital, losing access to the funds (purported seizure by governments in Poland, Portugal, and the U.S.). Related Reading: Tether Turmoil Twist: Stolen Reserves Proves Crypto Stablecoin Was Once Backed It was explained in a 23-page document that sometime in the past six months, Tether transferred $625 million to Bitfinex. And just recently, Bitfinex is reported to have returned the funds, but still has an iFinex shares-backed line of credit, which amounts to $700 million, open with ... read more
    Source: News BTCPublished on 2019-04-28By Nick Chong
    3 months ago
  • Bitcoin (BTC) Returning To $4,000 Off The Bitfinex, Tether News Might Not Be Bearish
    Analysts remain divided over how the news that crypto exchange Bitfinex and Tether Limited (USDT’s issuer) are currently in a precarious financial situation will affect Bitcoin (BTC). One analyst has remarked, however, that BTC moving lower off this news might not be bearish. A Brief Recap On Thursday, the New York Attorney General’s (NYAG) office published a press release, in which it was stated that Bitfinex and Tether were in violation of New York law through participation in activities that “may have defrauded” local cryptocurrency investors. Letitia James, the Attorney General herself, explained that the two firms may have “engaged in a cover-up” to hide the “apparent loss” of $850 million, which was a result of a payment processor, Crypto Capital, losing access to the funds (purported seizure by governments in Poland, Portugal, and the U.S.). It was explained in a 23-page document that sometime in the past six months, Tether transferred $625 million to Bitfinex. And just recently, Bitfinex is reported to have returned the funds, but still has an iFinex shares-backed line of credit, which amounts to $700 million, open with Tether. Bitcoin Holds At $5,200, Despite Bitfinex & Tether Fracas As Ethereum World News has covered previously, ... read more
    Source: Ethereum World NewsPublished on 2019-04-28By Nick Chong
    3 months ago
  • Tron dominates DApp blockchain space, takes 7 spots on Top-10 list
    The collective cryptocurrency market had undergone a bearish move following Bitcoin’s dip in price after the Bifinex-Tether fiasco unraveled. Due to the market dominance of Bitcoin and its domino effect on altcoins, Tron, along with other tokens, found it difficult to beat the pullback and was down by 5.77% over the week, at press time. However, despite the adversities, Tron Foundation was persistent in developing its DApp blockchain space to ensure that community sentiment was in its favor. This effort from the Foundation proved to be fruitful as the total number of daily Tron DApp users crossed 50,000 over the past week, according to its weekly DApp report. Smart contracts on its platform also reached a short-term high of 779, while its 24-hour transactions noted a 10% rise when compared to the week before. According to a tweet by Misha Lederman, an ardent supporter of the Tron Foundation, Tron DApps seem to be dominating the space. The tweet said that according to DappRadar, a platform that tracks decentralized applications, seven out of the top-10 most-used Dapps were Tron-based. Data from DappRadar further mentioned that four out of the top-six DApps in terms of their 24-hour USD volume were also Tron ... read more
    Source: AMB CryptoPublished on 2019-04-28By Febin Jose
    3 months ago
  • Bitcoin at $6000 Could Prove Pivotal for Institutional Investors
    As the crypto markets make a slight recovery following their plummet earlier in the week, all eyes turn to the continued price gains of Bitcoin. Since the start of the year, BItcoin has posted more than 50 percent in gains, with the $6000 price mark becoming the next significant hurdle for the currency. Average investors may consider the psychological value of BTC at $6000, but institutional investors and their behavior will be the true indicators of market direction moving forward in 2019. Tom Lee, Fundstrat cryptocurrency analyst and regular Bitcoin commentator, has pegged current market sentiment for BTC at its highest point in his Bitcoin Misery Index (BMI), a value not yet seen under bearish conditions. While Lee give some hope that having an elevated BMI in the midst of a bear market may give indication that the bulls are in for a turn, he also cautions that a rising BMI has historically correlated with a sudden downturn in pricing. His prediction may have come true last week, as the price of Bitcoin crashed from $5400 to $5000, with the majority of the crytpo markets experiencing an acute retraction in price. However, most of the sudden price ... read more
    Source: Ethereum World NewsPublished on 2019-04-28By Michael Lavere
    3 months ago
  • Could Growing Investments in Crypto Funds Signal Improving Fundamental Strength?
    It’s no secret that many crypto investors are hanging their hopes on institutional and corporate investments as the next catalyst that will send the markets surging back towards, or past, their all-time-highs. Despite this, the 2018 market crash and ensuing bear market has tempered the speed at which these groups have entered the nascent markets, but now that the markets appear to be on the up-and-up, more large investments may begin pouring in. Will Crypto Funds Continue to Surge in Popularity?  A recently released research report conducted and composed by CryptoFundResearch elucidates an interesting, albeit unsurprising, trend in the crypto markets, with cryptocurrency hedge funds being some of the best performing funds in the world in 2017, which put them on the radar of large investment groups that were in awe at the massive gains some of these funds posted. “Crypto hedge funds are the fastest growing segment of the hedge fund industry. In addition, several of the top performing hedge funds in 2017 were cryptocurrency funds,” the report noted. This massive surge in popularity led to an influx of new funding, with more than 200 hedge funds being launched in 2018. Despite this, the report also explains that this ballooning ... read more
    Source: News BTCPublished on 2019-04-28By Cole Petersen
    3 months ago
  • Can Bitfinex and Tether escape the clutches of New York Attorney General?
    The allegations against Bitfinex and Tether are overwhelming and it wouldn’t be wrong to say, insurmountable. However, the rumors surrounding them are being put to test with the lawsuit that was brought together by the New York Attorney, Letitia James, and Assistant Attorney General, Brian M. Whitehurst. This article speculates and comments on the implications of the lawsuit. Let’s assume that Bitfinex and Tether are not at fault and what they’ve said and are saying is/are true. Let’s assume that all of the USDT in circulation is backed by traditional currency which is held in Tether’s reserve. Let’s assume that the NYAG’s court filings were written in bad faith and was riddled with false assertions. Let’s also assume that they provide all the necessary documents that the AG has subpoenaed them for. Will they be exonerated from everything? Will Bitfinex, Tether, and the involved parties walk free? Most likely no. The Martin Act The court filings by AG revolve around Martin Law, which according to Wikipedia is ” a New York anti-fraud law… it grants the Attorney General of New York expansive law enforcement powers to conduct investigations of securities fraud and bring civil or criminal actions against alleged violators of ... read more
    Source: AMB CryptoPublished on 2019-04-28By Akash Girimath
    3 months ago
  • Binance Research Says Ripple (XRP) ‘Best Diversifier’, Bitcoin (BTC) and Ethereum (ETH) Most Correlated
    Bitcoin (BTC) and Ethereum (ETH) move in lockstep and the Ripple (XRP) price is the least correlated to other top cryptoassets. Those are some of the findings from the latest report from Binance Research. The report is something of a first in crypto in its application of hierarchical clustering. Put simply, by looking at the weekly returns for the top 30 cryptoassets in the 12 months to 31 March, excluding stablecoins, the analysis groups assets according to their return correlations. A positive correlation is a relationship in which two or more cryptoassets’ prices move in the same direction. Binance researchers used the weekly returns data to construct a correlation matrix from which to work out the clustering. (Source: Binance Research) Key crypto clustering takeaways The key findings of the report published on 26 April showed that the top two cryptoasset by market cap, Bitcoin and Ethereum, had very high weekly returns correlation, coming in at 0.87.    Among assets with a market cap of $3 billion or more Ripple (XRP) is the least correlated, which makes it “the best diversifier”, according to Binance Research. XRP’s correlation with BTC has fallen from 0.875 two months ago to ... read more
    Source: Ethereum World NewsPublished on 2019-04-28By Gary McFarlane
    3 months ago
  • Zerocoin exploit found, Zcoin attacked, other privacy coins at risk
    The Zcoin team discovered a vulnerability in the cryptography of the Zerocoin protocol that allows an attacker to forge zero-knowledge proofs and create coins out of thin air. Coins using the protocol such as PIVX and Veil are vulnerable to attack until Zerocoin is disabled. Although the exposed flaw is fixable, the Zcoin team does not plan to allocate resources to the issue and instead will continue to focus on transitioning to its new privacy protocol, Sigma. Cryptographic Flaws On Apr. 9, 2019, the XZC team was alerted to a series of irregularities in the mint and spend patterns of 100 tokens. They immediately contacted all pools, exchanges, and projects that utilize the protocol to disable Zerocoin while a deep investigation took place. By Apr. 19, the root cause of the issue was found and on Apr. 24 an emergency update was released. During the investigation, the team was able to uncover that the vulnerability was not the result of a coding error but was actually a cryptographic flaw in one of the zero-knowledge proofs that had existed since the inception of the Zerocoin protocol. Zerocoin works by allowing people to burn their coins (mint) and then redeem them later (spend) for new ... read more
    Source: CryptoslatePublished on 2019-04-28By Ali Martinez
    3 months ago
  • Darkweb ‘Dream Market’ Now a Bitcoin Payment-FBI Honeypot?
    Three men have been arrested this month under suspicions of running one of the largest drug stalls on the dark web named “Sinmed,” as reported by ABC News Australia. The illegal drug marketplace conducted its business on Dream Market, which is now suspected of being compromised as a “honey pot” by law enforcement agencies. Multi-Million ‘Dream Market’  Bust in New Jersey Authorities have arrested three men after a two-year investigation. The criminal probe uncovered a drug-dealing storefront named Sinmed, which was operating on the deep web marketplace Dream Market. Buckets of drugs were seized as part of the sting, including Xanax and Fentanyl-laced heroin, as well as methamphetamine. The criminals offered drugs in exchange for cryptocurrencies such as Bitcoin. The seizure was reported as highly significant according to Manhattan District Attorney Cyrus Vance, stating: Not only is this the first time state prosecutors in New York have taken down a dark web storefront, this takedown represents the largest pill seizure in New Jersey’s history. The investigation appears to be part of a larger operation run by FBI, Europol and other law enforcement agencies. Although Sinmed was not specifically mentioned in a video tweeted FBI, it claims to ... read more
    Source: BitcoinistPublished on 2019-04-28By Matthew North
    3 months ago
  • Bitcoin [BTC] market was already going down before Bitfinex-Tether announcement, claims Tone Vays
    The cryptocurrency space was recently dealt with another blow as seen by the collective fall in prices; Bitcoin [BTC], most notably, fell down by approximately $400 in valuation. The finger was pointed towards the Bitfinex-Tether lawsuit by the New York State Attorney General, which placed the exchange in a tight situation. However, Tone Vays, a cryptocurrency analyst, believed that the market was not entirely affected due to the Bitfinex fiasco as market analysis had indicated a fall before the lawsuit situation itself. Tone Vays recently discussed on his YouTube channel that market analyses do not indicate an exchange implosion, but it does indicate a period where the price is exhausted. Prior to the Bitfinex announcement, the price of Bitcoin [BTC] had reached exhaustion and upon that, it was possible for even small news to trigger a massive devaluation. Tone Vays stated that there was a vast difference between news events and fundamental analysis affecting the market. He indicated that the Bitfinex scenario was not a fundamental event until or unless someone had internal information or someone had researched Bitfinex’s history and predicted the implosion. Additionally, he added that if Bitcoin [BTC] was placed around the $3000 range when the news ... read more
    Source: AMB CryptoPublished on 2019-04-28By Biraajmaan Tamuly
    3 months ago
  • Saudi British Bank Launches Instant Cross-Border Payments Service Based on Ripple
    During the first edition of the Financial Sector Conference, a part of the Financial Sector Development Program, held in Riyadh, Saudi Arabia, on 24th & 25th April, Saudi British Bank announced the launch of its Ripple-powered payment services for instant cross-border payments. Strategic Plan to Render Best Banking Services In the report released on SABB’sRead MoreRead More. The post by Mohammad Musharraf appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News ... read more
    Source: BTC ManagerPublished on 2019-04-28By Mohammad Musharraf
    3 months ago
  • Analyst: Bitcoin Isn’t ‘Hungover’ Anymore, But Don’t Expect A Rally Just Yet
    As traders have begun to realize that the news regarding the financial status of Tether Limited (USDT’s issuer) and Bitfinex isn’t all too harrowing, Bitcoin (BTC) has recently stabilized. In fact, analysts have claimed that the crypto market’s lack of reaction to the seemingly bearish news shows strong fundamental strength, and may, in fact, be a precursor to a bull run. Related Reading: Bitcoin Price Reaction to Tether Fiasco May Signal Strong Fundamental Strength However, a number of chartists have recently taken to Twitter to note that contrary to popular belief, Bitcoin isn’t poised for a rally just yet. Bitcoin Could See One. More. Drop. Since BTC has become a liquid, tradable asset, it has followed short-term and long-term trends, most of which can be charted and extrapolated for price prediction purposes. One popular technical analyst, Brian “The Rational Investor” Beamish, argues that if Bitcoin follows its four-year cycle again, a move lower may soon be inbound. As depicted below (chart courtesy of Beamish), Bitcoin’s price action in 2017 was evidently a “blow off top” and 2018’s was “the hangover,” two macro trends seen in the previous bubble. If Bitcoin continues to follow its trend, 2019 will see BTC rally ... read more
    Source: News BTCPublished on 2019-04-28By Nick Chong
    3 months ago
  • Bitcoin (BTC) Bulls Firm Even if BitFinex May Refute NY AG Fraud Claims
    Bitcoin price successfully recover Apr-25 losses BitFinex says they are good players in the digital space and would protect their clients from NY OAG attacks Despite Apr-25 blip, BitFinex commitment is unwavering. Concurrently, Bitcoin bulls are resilient, and even with a threatening drop, buyers are back as prices snap back to primary trend. The way BTC shook off bears is suggestive of strong underlying support, and in that case, BTC may easily extend to $6,000. Bitcoin Price Analysis Fundamentals The jumble around Tether, BitFinex and the NY Office of AG, in my take, is but another opportunity for savvy traders to capitalize and load. We have seen this happen on numerous occasions. Remember, last year when news broke out that BitFinex clients couldn’t withdraw fiat, the price of Bitcoin and other high liquid coins rose in response.
    Bitfinex/Tether is done. They declared they're not going to cooperate with the New York A.G.'s office. This situation is not salvageable at this point. They will be fugitives shortly, and that will eventually lead to the seizure of their assets & closure of their business. pic.twitter.com/aOHRatcn9o — GOAT (@ProofofResearch) April 27, 2019 Even so, then- ... read more
    Source: News BTCPublished on 2019-04-28By Dalmas Ngetich
    3 months ago
  • Global crypto-adoption: Russia to test cryptocurrencies in 4 regions, Finland begins regulation
    Every passing day in the crypto-sphere seems to bring the ecosystem closer to global adoption and the last week of April saw quite a few developments in this regard. In a major boost to cryptocurrency espousal around the globe, the Russian Federation is planning to open up four of its regions to test innovations that do not fall under the purview of its current legislation. According to a bill drafted by the Federation’s Economy ministry, regulatory sandboxes will be allowed to establish bases in these regions. This effectively means that companies, firms, and projects will be allowed to experiment with cryptocurrencies in these regions without actually breaking any federal law, even though the administration is et to regulate crypto-assets. Kirill Kabanov, an advisor to the Russian president, said, “[…] for many years cryptocurrencies are actively circulating around the world, but in fact, most countries, including Russia, do not regulate their use. Regulatory sandboxes will be effective if they are used as test grounds for norms that can later be applied to adapt the legal environment to the new technological structure.” In another news pertaining to the global acceptance of crypto-assets, the President of Finland approved a law put forth by ... read more
    Source: AMB CryptoPublished on 2019-04-28By Febin Jose
    3 months ago
  • Textbook Trend Reveals Altseason May Resume, Bitcoin (BTC) To Underperform
    Altseason Could Continue From Here Over the past week, altcoins (crypto assets other than Bitcoin) have begun to slip. In fact, as of the time of writing this, Bitcoin dominance is sitting at a casual 54.4%, the highest this figure has read since mid-December, when BTC was in the midst of the capitulation to the low $3,000s. This recent altcoin action is starkly contrasted by the jaw-dropping rallies we saw in digital assets such as Litecoin, Binance Coin, Tezos, and EOS over the past few months. But a number of analysts claim that altseason, which is when the cryptocurrency market sees its leader, BTC, underperform drastically, may soon continue. In a chart posted earlier this week, Galaxy, a self-proclaimed “cryptocurrency accumulation machine,” claimed that the market capitalization of all digital assets, minus Bitcoin, is currently looking like a trend pinpointed by Thomas Bulkowski, a prominent technical analyst. The trend, for those unaware, is a falling wedge, which is often seen as a good sign for markets. Bulkwoski’s studies claim that the market capitalization currently has a 68% chance of breaking to the upside, meaning an altseason, and a chance to move 32% higher if the breakout does ... read more
    Source: Ethereum World NewsPublished on 2019-04-28By Nick Chong
    3 months ago
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