Bitcoin News http://feed.informer.com/digests/93MEEBWEGB/feeder Bitcoin News Respective post owners and feed distributors Wed, 27 Sep 2017 08:08:49 +0000 Feed Informer http://feed.informer.com/ McAfee Says He Spoke with Satoshi, Claims the Bitcoin Creator Is Furious https://www.ccn.com/mcafee-satoshi-nakamoto-furious Cryptocurrency News, Cryptocoins News urn:uuid:72c6303d-af68-1c5a-76a6-3dd78880fb7b Wed, 24 Apr 2019 02:05:19 +0000 <p>By CCN: Don’t say we didn’t see it coming. John McAfee is not unveiling the true identity of bitcoin creator, Satoshi Nakamoto, at least not today. The mercurial tech maverick has put a stop to proceedings, alleging that due to an “imminent” extradition request to the United States, McAfee&#8217;s attorney believes outing Nakamoto to the world could be too dangerous for his client. The US extradition request to the Bahamas is imminent. I met with Mario Gray, my extradition lawyer, and it is now clear (read his letter below) that releasing the identity of Satoshi at this time could influence </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/mcafee-satoshi-nakamoto-furious">McAfee Says He Spoke with Satoshi, Claims the Bitcoin Creator Is Furious</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> South Korean Hospital to Create Blockchain Medical Data Management Platform https://www.investing.com/news/cryptocurrency-news/south-korean-hospital-to-create-blockchain-medical-data-management-platform-1843776 Cryptocurrency News urn:uuid:9366fc76-22a5-4560-6aec-801682ee12b5 Wed, 24 Apr 2019 00:42:00 +0000 CZ’s Kumbaya Moment with Ethereum Proves Crypto Has Turned a Corner https://www.ccn.com/czs-kumbaya-moment-ethereum-crypto-turned-corner Cryptocurrency News, Cryptocoins News urn:uuid:93ee707b-7db7-55e6-b5ed-65ee1ae43a13 Wed, 24 Apr 2019 00:36:03 +0000 <p>By CCN: These are heady times for Binance Coin (BNB), the in-house cryptocurrency launched by the world&#8217;s largest crypto exchange, Binance. BNB hit a new all-time high a few days ago and the exchange successfully launched Binance chain, which features BNB and marks the coin&#8217;s independence from Ethereum. The cryptosphere has been filled with noises about BNB possibly being the new &#8220;Ethereum killer.&#8221; Weiss Ratings took the conversation a step further, suggesting that BNB might even be the new bitcoin. It seems #BNB is leading the market now – when BNB is up, the market is up – and vice </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/czs-kumbaya-moment-ethereum-crypto-turned-corner">CZ&#8217;s Kumbaya Moment with Ethereum Proves Crypto Has Turned a Corner</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Tech Stocks, Gold, Oil, and S&P 500: Bitcoin ROI Beats Them All https://www.newsbtc.com/2019/04/24/tech-stocks-gold-oil-bitcoin/ NEWSBTC urn:uuid:95aa4f73-deed-641a-4694-2d2a2de0e93d Wed, 24 Apr 2019 00:01:55 +0000 <p>Bitcoin has blindsided bankers and brokers alike, due to its ability to bring substantial and unheard of returns on investments made in the new, emerging financial technology. It’s been compared to a number of other financial assets, including tech stocks, and has been positioned as the digital version of gold. However, returns made on other<a class="read-more" href="https://www.newsbtc.com/2019/04/24/tech-stocks-gold-oil-bitcoin/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/24/tech-stocks-gold-oil-bitcoin/">Tech Stocks, Gold, Oil, and S&amp;P 500: Bitcoin ROI Beats Them All</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p class="p1"><span class="s1"><a href="/tag/bitcoin" data-wpel-link="internal">Bitcoin</a> has blindsided <a href="https://www.newsbtc.com/2019/04/03/banks-funds-brokers-crypto-bitcoin/" data-wpel-link="internal">bankers and brokers alike</a>, due to its ability to bring <a href="https://www.newsbtc.com/2019/03/26/economist-bitcoin-fastest-highest-asset/" data-wpel-link="internal">substantial and unheard of returns on investments</a> made in the new, emerging financial technology. It’s been compared to a number of other financial assets, including tech stocks, and has been positioned as the digital version of gold.</span></p> <p class="p1"><span class="s1">However, returns made on other financial instruments and asset classes, even in the tech sector which has seen a “decade of incredible gains,” pales “in comparison to Bitcoin.” </span></p> <h2 class="p1"><span class="s1">In the Last Two Years, BTC Has Easily Beaten S&amp;P 500, Gold, and Oil</span></h2> <p class="p1"><span class="s1">Ever since December 2017 when <a href="/tag/bitcoin" data-wpel-link="internal">Bitcoin</a> came on the mainstream public’s radar, it has fallen steadily as much as 85% to where price bottomed back in December 2018 at around $3,100. It’s earned the first ever cryptocurrency a negative reputation for those that invested at the height of the hype bubble and got burned as a result.</span></p> <p style="text-align: center"><em><strong>Related Reading | <a href="https://www.newsbtc.com/2019/03/26/economist-bitcoin-fastest-highest-asset/" data-wpel-link="internal">Economist Says BTC Is The Fastest And Highest Rising Value Asset Ever</a></strong></em></p> <p class="p1"><span class="s1">For so many others, however, Bitcoin has been the <a href="https://www.newsbtc.com/2019/03/26/economist-bitcoin-fastest-highest-asset/" data-wpel-link="internal">most profitable of all investments</a>, by far. In the last two years alone, much of which has been dominated by price decline in BTC price charts, the leading crypto by market cap easily bests the <a href="https://www.newsbtc.com/2019/03/25/bitcoin-price-gold-market-cap/" data-wpel-link="internal">returns seen from gold</a>, oil, and the S&amp;P 500, according to Morgan Creek Digital co-founder Anthony “Pomp” Pompliano.</span></p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">Two year returns:</p> <p>S&amp;P 500: 19.9%<br />Gold: 1.3%<br />Oil: 31%<br />Bitcoin: 457%</p> <p>The non-correlated, asymmetric nature of Bitcoin makes it imperative that every portfolio include some exposure to the digital currency. <a href="https://twitter.com/hashtag/GetOffZero?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">#GetOffZero</a></p> <p>&mdash; Pomp <img src="https://s.w.org/images/core/emoji/11.2.0/72x72/1f32a.png" alt=" Forex Trading vs Crypto Trading http://www.coinnewsasia.com/forex-trading-vs-crypto-trading/ Coin News Asia urn:uuid:0942f9d6-9614-ac41-31dd-e522d90007fa Wed, 24 Apr 2019 00:00:40 +0000 <p>If you’re new to trading and considering what financial market to try, the forex market is usually the most prominent. However, its dominance has recently been challenged by cryptocurrencies. With Bitcoin rising from nothing to its all-time high of $20,000, the cryptocurrency market was welcomed by traders as a new avenue for making money on the internet. Even though the [...]</p> <p>The post <a rel="nofollow" href="http://www.coinnewsasia.com/forex-trading-vs-crypto-trading/">Forex Trading vs Crypto Trading</a> appeared first on <a rel="nofollow" href="http://www.coinnewsasia.com">Coin News Asia</a>.</p> <p><img class="aligncenter size-full wp-image-4265" src="http://www.coinnewsasia.com/wp-content/uploads/2019/04/Forex-Vs-Crypto.jpg" alt="Forex Vs Crypto" width="800" height="368" />If you’re new to trading and considering what financial market to try, the forex market is usually the most prominent. However, its dominance has recently been challenged by cryptocurrencies. With Bitcoin rising from nothing to its all-time high of $20,000, the cryptocurrency market was welcomed by traders as a new avenue for making money on the internet. Even though the <a href="http://www.coinnewsasia.com/bitcoin-101/bitcoin-price/">price of Bitcoin</a> and <a href="http://www.coinnewsasia.com/alternative-cryptocurrencies/">other cryptocurrencies</a> has declined since this peak, traders still see opportunities because of the volatility of cryptocurrencies.</p> <p>Both <a href="http://www.coinnewsasia.com/forex-brokers-at-risk-with-bitcoin-and-ethereum-cfd/">forex</a> and cryptocurrency trading are considered good options for making money online today, but they also have their own advantages and disadvantages. Let’s find out how different they are.</p> <p><strong>Forex Trading vs Crypto Trading: Similarities</strong></p> <ul> <li>Currencies and crypto can be traded via <a href="http://lexicon.ft.com/Term?term=contracts-for-difference" target="_blank">contracts for difference</a> (CFDs), which are tradable contracts between clients and brokers, who will exchange the difference in the current and final value (at the contract’s end) of an asset.</li> </ul> <ul> <li>Everyone can participate in forex and crypto trading if they have a computer or mobile device and an internet connection.</li> </ul> <p><strong>Forex Trading vs Crypto Trading: Differences</strong></p> <ul> <li>Trading time: the forex market is available 24/5, while the crypto market is open 24/7.</li> </ul> <ul> <li>Liquidity: forex is currently the world’s most liquid market with the daily turnover of more than $4 billion. The crypto market is far away from this figure.</li> </ul> <ul> <li>Volatility: the higher the liquidity is, the lower the volatility and the risk are. Therefore, forex trading is less risky than crypto trading.</li> </ul> <ul> <li>Gaps and slippages: crypto traders frequently encounter gaps and slippages due to the high volatility of the crypto market, whereas forex traders rarely face them (except for those who trade exotic currency pairs at low-quality brokers).</li> </ul> <ul> <li>Costs: forex or cryptocurrency trading via CFDs costs much lower than purchasing cryptocurrencies directly at an exchange.</li> </ul> <ul> <li>Brokers: most forex brokers are licensed, while crypto exchanges are not. Besides, forex brokers often provide traders with better trading conditions.</li> </ul> <ul> <li>Trading platforms: forex traders usually trade on MetaTrader 4, MetaTrader 5, or web-based platforms provided by brokers. Cryptocurrency traders can use these platforms to trade some crypto pairs (via CFDs) such as BTC/USD, ETH/USD or XRP/USD. However, they can also buy or sell cryptocurrencies via exchanges.</li> </ul> <ul> <li>Drivers: the fundamentals that influence currencies’ movements are usually separate from those that affect the crypto market. The exchange rate of currency pairs is often driven by economic development, political uncertainty, fiscal policy, central banks’ interest rate decisions, or even weather factors. On the other hand, cryptocurrency prices are often influenced by the development of the underlying crypto project and new rules applied to the crypto market (regulation, sanctions, etc.).</li> </ul> <ul> <li>Asset storage: crypto traders who trade via exchanges will have to find a place to store their coins (in <a href="http://www.coinnewsasia.com/bitcoin-101/bitcoin-wallet/">crypto wallets</a> or directly on an exchange). However, they don’t have to do this when trading forex or cryptocurrencies via CFDs.</li> </ul> <p><strong>The Bottom Line &#8211; Is Forex or Crypto Trading Better?</strong></p> <p>Based on the above comparison, the forex market appears to have more advantages than the crypto one. Nonetheless, if you take a closer look, both forex and cryptocurrency trading have different benefits, and it’s difficult to judge which one is superior over the other.</p> <p>The good news is, you can benefit from the price movement of traditional currencies <em>and</em> cryptocurrencies via CFDs at <a href="https://www.easymarkets.com/au/en-au/trade/cryptocurrencies/" target="_blank">easyMarkets</a> and other reputable forex brokers. This way, you don’t need to give your financial details to an unregulated crypto exchange, go through complicated verification procedures, and pay high fees just to get some crypto coins.</p> <p>So, whether you prefer forex or crypto, start your trading career with a regulated forex broker. You will have more trading options, and more peace of mind.</p> <p>Get the latest in Asian <a href="http://www.coinnewsasia.com/">Bitcoin news</a> here at Coin News Asia.</p> <p>The post <a rel="nofollow" href="http://www.coinnewsasia.com/forex-trading-vs-crypto-trading/">Forex Trading vs Crypto Trading</a> appeared first on <a rel="nofollow" href="http://www.coinnewsasia.com">Coin News Asia</a>.</p> Bitcoin Breaks Above $5,600, But Analysts Claim Strong Resistance Exists Around $5,800 https://www.newsbtc.com/2019/04/24/bitcoin-breaks-above-5600-but-analysts-claim-strong-resistance-exists-around-5800/ NEWSBTC urn:uuid:184fb079-e329-0288-b1d9-e45d606dc548 Wed, 24 Apr 2019 00:00:04 +0000 <p>Despite being caught in a bout of sideways trading yesterday, Bitcoin has been able to maintain its upwards momentum and has now surged above the $5,600 level. This upwards momentum has so far been relatively isolated to BTC, as most other cryptocurrencies have not yet surged. Although Bitcoin may be in the process of gearing<a class="read-more" href="https://www.newsbtc.com/2019/04/24/bitcoin-breaks-above-5600-but-analysts-claim-strong-resistance-exists-around-5800/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/24/bitcoin-breaks-above-5600-but-analysts-claim-strong-resistance-exists-around-5800/">Bitcoin Breaks Above $5,600, But Analysts Claim Strong Resistance Exists Around $5,800</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>Despite being caught in a bout of sideways trading yesterday, Bitcoin has been able to maintain its upwards momentum and has now surged above the $5,600 level. This upwards momentum has so far been relatively isolated to BTC, as most other cryptocurrencies have not yet surged.</p> <p>Although Bitcoin may be in the process of gearing up for a big move to $6,000, one prominent analyst believes that BTC’s strongest level of resistance exists between $5,800 and $6,000, which may prove to be an arduous task for the cryptocurrency to break above.</p> <h2><strong>Bitcoin (BTC) Rapidly Surges to $5,600</strong></h2> <p>At the time of writing, <a href="https://www.newsbtc.com/2019/04/09/analyst-bitcoin-btc-likely-to-pump-once-more-before-significantly-retracing/" data-wpel-link="internal">Bitcoin</a> is trading up nearly 5% at its current price of just above $5,600 and is up from its daily lows of just above $5,300.</p> <p>Today’s upwards surge marks a continuation of the upwards momentum Bitcoin first built earlier this month when BTC surged from the low-$4,000 region to highs of $5,400 – where the crypto found a significant amount of selling pressure that pushed it back down to roughly $5,000.</p> <p>Since then, Bitcoin has been tepidly advancing higher, and is now nearing its next key battle zone that exists between $5,800 and $6,000, which may act as a strong level of resistance.</p> <p>360Trader, a popular cryptocurrency analyst on Twitter, spoke about the strength of this resistance zone in a recent tweet, explaining that it may be a “beast of a resistance” that will require a significant amount of buying pressure to be broken above.</p> <blockquote><p>“The real $BTC battle should be the $5800-$6000 marker. Back in the day it was a beast of a support &#8230; let’s see if it’s a beast of resistance,” he explained.</p></blockquote> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">The real <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> battle should be the $5800-$6000 marker </p> <p>Back in the day it was a beast of a support &#8230; let’s see if it’s a beast of resistance.</p> <p>I’m gonna laugh my butt off if it’s conquered quickly tho. After all, this is <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">#crypto</a> yo.<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$ETH</a> <a href="https://twitter.com/search?q=%24BCH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BCH</a> <a href="https://twitter.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$LTC</a> <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$XRP</a></p> <p>&mdash; 360Trader (@360_trader) <a href="https://twitter.com/360_trader/status/1120637352865456128?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">April 23, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>One possible factor that could help the cryptocurrency surge above this price level could be the tailwinds of the recent golden cross that Bitcoin formed – which many analysts believe could signal the reversal of the persisting bear trend.</p> <blockquote><p>“The technical picture for [bitcoin] is looking increasingly bullish on the daily charts with the fabled bullish ‘golden cross’ slowly coming into play,” said Lukman Otunuga, a research analyst, while speaking to <a href="https://www.marketwatch.com/story/bitcoin-scores-a-golden-cross-and-now-everyone-is-bullish-2019-04-23" data-wpel-link="exclude" target="_blank" rel="follow noopener">MarketWatch</a>.</p></blockquote> <h2><strong>BTC’s RSI Signals That Long-Term Bottom Has Formed</strong><strong> </strong></h2> <p>From a technical perspective, it is not unreasonable to assume that <a href="https://www.newsbtc.com/2019/04/23/analysts-agree-that-long-term-outlook-for-crypto-is-optimistic-but-at-what-cost/" data-wpel-link="internal">Bitcoin</a> has truly formed a long-term bottom that will allow it to continue surging higher, as its relative strength index is currently signaling that a bull run may be imminent.</p> <p>Mr. Anderson, another popular cryptocurrency analyst on Twitter, spoke about this possibility in a recent tweet, explaining that BTC may see one more “healthy retracement” before the next bull run commences.</p> <blockquote><p>“$BTC Bottom? Relative Strength say&#8217;s YES! In $BTC&#8217;s history, a Daily scale RSI near 85 has never occurred in the midst of a Bear Cycle. History shows RSI hitting these levels is always followed by a healthy retracement &amp; the next Bull run,” he noted.</p></blockquote> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> Bottom?</p> <p>Relative Strength say&#39;s YES!</p> <p>In <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a>&#39;s history, a Daily scale RSI near 85 has never occurred in the midst of a Bear Cycle</p> <p>History shows RSI hitting these levels is always followed by a healthy retracement &amp; the next Bull run <a href="https://t.co/fPmd6RBci4" data-wpel-link="external" target="_blank" rel="nofollow noopener">pic.twitter.com/fPmd6RBci4</a></p> <p>&mdash; Mr. Anderson (@TrueCrypto28) <a href="https://twitter.com/TrueCrypto28/status/1120709837321580546?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">April 23, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Although things are certainly looking up for the <a href="https://www.newsbtc.com/2019/03/12/analyst-crypto-markets-will-plunge-after-bitcoin-btc-begins-making-bigger-moves/" data-wpel-link="internal">crypto markets</a>, how Bitcoin responds to its next strong resistance region will likely signal whether or not the markets are ready for a bull run, or if further consolidation is needed.</p> <pre>Featured image from Shutterstock.</pre> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/24/bitcoin-breaks-above-5600-but-analysts-claim-strong-resistance-exists-around-5800/">Bitcoin Breaks Above $5,600, But Analysts Claim Strong Resistance Exists Around $5,800</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> IBM Issued Patent for DLT-Supported Data Sharing and Validation https://www.investing.com/news/cryptocurrency-news/ibm-issued-patent-for-dltsupported-data-sharing-and-validation-1843733 Cryptocurrency News urn:uuid:492aecdf-ecf7-3d08-114c-e658c4e9bc8e Tue, 23 Apr 2019 23:23:00 +0000 Credit Suisse Head: Banking Culture Hinders Blockchain Adoption – An Opportunity for Crypto? https://www.newsbtc.com/2019/04/23/credit-blockchain-crypto/ NEWSBTC urn:uuid:5dfa6014-e9f5-c331-bbf1-38529cacd1ab Tue, 23 Apr 2019 23:00:52 +0000 <p>Blockchain, the innovative distributed data storage method backing almost all of the more than 2,000 crypto assets existing today, has been often touted as a way to drastically improve the efficiency of traditional banking. However, according to the Head of Digital Market Assets at Credit Suisse, the uptake of the technology has been slower than<a class="read-more" href="https://www.newsbtc.com/2019/04/23/credit-blockchain-crypto/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/credit-blockchain-crypto/">Credit Suisse Head: Banking Culture Hinders Blockchain Adoption &#8211; An Opportunity for Crypto?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>Blockchain, the innovative distributed data storage method backing almost all of the more than 2,000 crypto assets existing today, has been often touted as a way to drastically improve the efficiency of traditional banking. However, according to the Head of Digital Market Assets at Credit Suisse, the uptake of the technology has been slower than many might have expected due to the &#8220;culture&#8221; surrounding banking.</p> <p>Decades after the internet revolutionised how we as a species share information, the current state of banking looks tragically dated in 2019. With the very real threat to traditional banking posed by crypto assets growing each year, Emmanuel Aidoo, of Credit Suisse, believes that 2019 will see an uptake of financial institutions using blockchain technology to improve their services.</p> <h2>Emmanuel Aidoo: Banks Not Exactly Rushing Into Blockchain</h2> <p>According to a report in <a href="https://www.businessinsider.com/credit-suisses-blockchain-lead-explains-whats-holding-back-tech-2019-4?r=US&amp;IR=T" data-wpel-link="exclude" target="_blank" rel="follow noopener">Business Insider</a>, Emmanuel Aidoo, the head of digital market assets at <a href="http://www.newsbtc.com/tags/credit-suisse" data-wpel-link="internal">Credit Suisse</a>, has stated it is banking culture that has so far slowed the adoption of blockchain technology in the financial industry. He said:</p> <blockquote><p>&#8220;What is preventing the banking industry from rushing into it? I think it&#8217;s mostly culture&#8230; I think the tipping point is about having an entrepreneurial culture, a willingness to push people to keep asking why.&#8221;</p></blockquote> <p>Reading between the lines slightly, it appears that Aidoo is referencing a widespread acceptance of the status quo within banking circles. For an industry that faces direct competition from mobile bank-like services, such as Square and Venmo, as well as the rise of crypto assets like <a href="http://www.newsbtc.com/tags/bitcoin" data-wpel-link="internal">Bitcoin</a> and <a href="http://www.newsbtc.com/tags/ethereum" data-wpel-link="internal">Ether</a>, not moving with the times in such a way could prove very dangerous indeed.</p> <p>Naturally, banking struggles to innovate at anywhere near the same pace as the digital asset industry. Being entirely centralised, ways to increase banking efficiency must come from above. The sheer <a href="https://www.newsbtc.com/2018/10/08/ethereum-developer-community-still-very-active-1000-developers-at-hackathon/" data-wpel-link="internal">number</a> of developers working on Bitcoin, Ethereum, and other decentralised payment platforms around the world make for potential innovation that cannot be matched by these financial institutions. This concept is illustrated in the following rather lengthy video by Bitcoin evangelist Andreas Antonopoulos:</p> <p>Aidoo continued to highlight the current stagnation in the banking industry and how it risked being left being by financial innovation occurring in less traditional avenues such as crypto:</p> <blockquote><p>&#8220;That is really important for companies to have people who challenge themselves to ask questions about the status quo&#8230; These are people who focus on change, not change for change&#8217;s sake, but an honest reflection for why we do things — can we do things better.&#8221;</p></blockquote> <p>The Credit Suisse head did go on to state that he believes that 2019 will be the year that blockchain technology finally makes it into the banking industry in a big way. Already initiatives such a <a href="https://www.newsbtc.com/2019/02/14/jpm-coin-bitcoin/" data-wpel-link="internal">JPM Coin</a> &#8211; a permissioned blockchain-based system that offers almost none of the true innovation of Bitcoin and other crypto assets &#8211; highlights that the industry is starting to explore the technology. However, very few real-world examples are actually live according to Aidoo.</p> <p>Ultimately, the slow movement of the banking industry could be a massive boon for crypto. If banks continue to fall behind in terms of the service they can offer versus leading cryptocurrencies, the market will eventually render them obsolete by choosing to favouring these non-traditional value transfer services over more traditional banking ones.</p> <p>&nbsp;</p> <p><em><strong>Related Reading:</strong> <a href="https://www.newsbtc.com/2019/04/22/could-jpm-coin-be-the-negative-force-behind-ripples-recent-price-action/" data-wpel-link="internal">Could JPM Coin Be the Negative Force Behind Ripple’s Recent Price Action?</a></em></p> <pre>Featured Image from Shutterstock.</pre> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/credit-blockchain-crypto/">Credit Suisse Head: Banking Culture Hinders Blockchain Adoption &#8211; An Opportunity for Crypto?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Out of Testnet and Into Alpha: Lightning Labs’ Desktop Application Is Live https://bitcoinmagazine.com/articles/out-of-testnet-and-into-alpha-lightning-labs-desktop-application-is-live/ Bitcoin Magazine urn:uuid:671ffccc-9d33-3920-7a35-7d9daea59e41 Tue, 23 Apr 2019 22:38:59 +0000 <img alt="Lightning" height="529" src="https://fs.bitcoinmagazine.com/img/images/Project_-_Sketch_1_53.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p><a href="https://bitcoinmagazine.com/tags/lightning-labs/">Lightning Labs</a> just released an alpha version of its <a href="https://bitcoinmagazine.com/tags/lightning-network/">Lightning Network</a> wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (<a href="https://bitcoinmagazine.com/articles/neutrino-privacy-preserving-light-wallet-protocol/">the protocol</a>, <i>not</i> <a href="https://bitcoinmagazine.com/articles/grim-stories-of-ethical-privacy-abuses-emerge-about-coinbases-new-partners/">the analytics company acquired by Coinbase</a>) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian.</p><p>“This release required a diverse skill set of protocol engineering, product development and design thinking,” Tankred Hase, a Lightning Labs application developer, told <i>Bitcoin Magazine</i>. “I’m lucky enough to work with such a talented team at Lightning Labs where we can bring all those perspectives together. I’m hoping this release makes Bitcoin and Lightning more accessible to new types of users.”</p><p>The release, which Lightning Labs says in a <a href="https://blog.lightning.engineering/announcement/2019/04/23/mainnet-app.html">blog post</a> “is still an early version targeted at testers,” is immediately available for macOS, Windows and Linux, while smartphone applications for Android and iOS “are coming very soon,” Hase told us.</p><p>Hase also said that the Android app is still in development internally and the iOS iteration is “available publicly in pre-alpha in TestFlight.” He added that the company needs to “polish Lightning Network Daemon/Neutrino stability and performance” before the full releases.</p><p>For the desktop application, v0.5.0-alpha will launch on Bitcoin’s mainnet by default, while prior versions will now allow users to automatically update when they enter testnet (the testnet version will still be available, though it will likely be most useful for developers and engineers in light of this mainnet release).</p><p>The update has introduced a slew of improvements, according to Lightning Labs. It sports a unified balance to help users keep track of how much bitcoin they have on-chain or in payment channels, with the latter demarcated by a percentage under the aggregate balance. Users will also be able to view how many satoshis are in each channel with the app’s channel page.</p><p>Autopilot — a feature for the Lightning Network Daemon implementation that makes it easier to connect to nodes to set up channels — now includes a scoring system to judge which nodes would be most effective at routing payments. This autopilot mechanism is a default feature now, though the application also lets its users manage their node connections and channels manually if they wish.</p><p>“Selecting which node to open a channel to is something we don’t want our users to burden themselves with,” the post reads. “Selecting a set of initial channels is an important part of bootstrapping new users to the Lightning Network, and with this new system, we’ll ensure that our users’ very first channels act as reliable gateways to the Lightning Network.”</p><p>Down the road, Lightning Labs will integrate <a href="https://bitcoinmagazine.com/articles/lightning-loop-lets-users-empty-lightning-channels-without-closing-them/">Lightning Loop</a> to give users the option to top up channel balances or empty them without closing the channels themselves.</p><p>The above features are notable for user experience and interface improvements, but perhaps the most salient addition in the release is the wallet’s use of Neutrino. As the blog post succinctly spells out, Neutrino, which can be used for on-chain wallets but is especially useful for Lightning, “is a light client specification that allows non-custodial Lightning wallets to verify Bitcoin transactions.” Basically, it allows software clients (applications) to receive compressed blockchain data to verify transactions without having to download the full Bitcoin blockchain, which clocks in at an unwieldy 200 GB. This gives these clients a degree of the same privacy that full nodes enjoy, without sacrificing custody of funds to a third party (the typical trade-off for using a lightweight wallet).</p><p>“Without Neutrino, a non-custodial solution required using the command line interface, setting up your own Bitcoin + Lightning full node and the configuring of a third-party app to connect remotely to your node,” Hase told <i>Bitcoin Magazine</i>. “That process was very technical and required way too many steps for average users. Neutrino allows us to bundle everything up into one app that users can open with a double click.”</p><p>So if you use Lightning Labs’ wallet, even if you’re not connected to your own node, you have complete custody of your funds.</p><p>The post concludes by warning users that Lightning is “still very early technology and there’s a risk of losing all of your funds.” It also calls for the community to help improve the application by reaching out to Lightning Labs and opening up requests on GitHub.</p><p>As the technology is still risky — and the Neutrino client is young — Lightning Labs won’t be resting on its laurels. As Hase told us in our correspondence, there’s still plenty of work to do and much they can learn from this rollout as users begin tinkering.</p><p>“It’s still the very first release and now is the time to iterate and start learning,” he said.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> <img alt="Lightning" height="529" src="https://fs.bitcoinmagazine.com/img/images/Project_-_Sketch_1_53.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p><a href="https://bitcoinmagazine.com/tags/lightning-labs/">Lightning Labs</a> just released an alpha version of its <a href="https://bitcoinmagazine.com/tags/lightning-network/">Lightning Network</a> wallet. The desktop application is now compatible with Bitcoin’s mainnet and it leverages Neutrino (<a href="https://bitcoinmagazine.com/articles/neutrino-privacy-preserving-light-wallet-protocol/">the protocol</a>, <i>not</i> <a href="https://bitcoinmagazine.com/articles/grim-stories-of-ethical-privacy-abuses-emerge-about-coinbases-new-partners/">the analytics company acquired by Coinbase</a>) to give users a lightweight option to “control their own funds,” as opposed to running a full node or trusting a third party to play custodian.</p><p>“This release required a diverse skill set of protocol engineering, product development and design thinking,” Tankred Hase, a Lightning Labs application developer, told <i>Bitcoin Magazine</i>. “I’m lucky enough to work with such a talented team at Lightning Labs where we can bring all those perspectives together. I’m hoping this release makes Bitcoin and Lightning more accessible to new types of users.”</p><p>The release, which Lightning Labs says in a <a href="https://blog.lightning.engineering/announcement/2019/04/23/mainnet-app.html">blog post</a> “is still an early version targeted at testers,” is immediately available for macOS, Windows and Linux, while smartphone applications for Android and iOS “are coming very soon,” Hase told us.</p><p>Hase also said that the Android app is still in development internally and the iOS iteration is “available publicly in pre-alpha in TestFlight.” He added that the company needs to “polish Lightning Network Daemon/Neutrino stability and performance” before the full releases.</p><p>For the desktop application, v0.5.0-alpha will launch on Bitcoin’s mainnet by default, while prior versions will now allow users to automatically update when they enter testnet (the testnet version will still be available, though it will likely be most useful for developers and engineers in light of this mainnet release).</p><p>The update has introduced a slew of improvements, according to Lightning Labs. It sports a unified balance to help users keep track of how much bitcoin they have on-chain or in payment channels, with the latter demarcated by a percentage under the aggregate balance. Users will also be able to view how many satoshis are in each channel with the app’s channel page.</p><p>Autopilot — a feature for the Lightning Network Daemon implementation that makes it easier to connect to nodes to set up channels — now includes a scoring system to judge which nodes would be most effective at routing payments. This autopilot mechanism is a default feature now, though the application also lets its users manage their node connections and channels manually if they wish.</p><p>“Selecting which node to open a channel to is something we don’t want our users to burden themselves with,” the post reads. “Selecting a set of initial channels is an important part of bootstrapping new users to the Lightning Network, and with this new system, we’ll ensure that our users’ very first channels act as reliable gateways to the Lightning Network.”</p><p>Down the road, Lightning Labs will integrate <a href="https://bitcoinmagazine.com/articles/lightning-loop-lets-users-empty-lightning-channels-without-closing-them/">Lightning Loop</a> to give users the option to top up channel balances or empty them without closing the channels themselves.</p><p>The above features are notable for user experience and interface improvements, but perhaps the most salient addition in the release is the wallet’s use of Neutrino. As the blog post succinctly spells out, Neutrino, which can be used for on-chain wallets but is especially useful for Lightning, “is a light client specification that allows non-custodial Lightning wallets to verify Bitcoin transactions.” Basically, it allows software clients (applications) to receive compressed blockchain data to verify transactions without having to download the full Bitcoin blockchain, which clocks in at an unwieldy 200 GB. This gives these clients a degree of the same privacy that full nodes enjoy, without sacrificing custody of funds to a third party (the typical trade-off for using a lightweight wallet).</p><p>“Without Neutrino, a non-custodial solution required using the command line interface, setting up your own Bitcoin + Lightning full node and the configuring of a third-party app to connect remotely to your node,” Hase told <i>Bitcoin Magazine</i>. “That process was very technical and required way too many steps for average users. Neutrino allows us to bundle everything up into one app that users can open with a double click.”</p><p>So if you use Lightning Labs’ wallet, even if you’re not connected to your own node, you have complete custody of your funds.</p><p>The post concludes by warning users that Lightning is “still very early technology and there’s a risk of losing all of your funds.” It also calls for the community to help improve the application by reaching out to Lightning Labs and opening up requests on GitHub.</p><p>As the technology is still risky — and the Neutrino client is young — Lightning Labs won’t be resting on its laurels. As Hase told us in our correspondence, there’s still plenty of work to do and much they can learn from this rollout as users begin tinkering.</p><p>“It’s still the very first release and now is the time to iterate and start learning,” he said.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> Bitcoin’s Explosive Rally Targets $6,500 Next – Analyst Explains Why https://www.ccn.com/bitcoins-explosive-rally-targets-6500-next-analyst-explains-why Cryptocurrency News, Cryptocoins News urn:uuid:c93288a5-ec06-6917-4309-df738817e041 Tue, 23 Apr 2019 22:20:14 +0000 <p>By CCN: The bitcoin price could surge to $6,500 soon because it breached a key resistance level of $5,500 this week. That&#8217;s the assessment of Naeem Aslam, the Chief Market Analyst at ThinkMarkets, a forex and derivatives broker. Indeed, bitcoin has roared to a six-month high this week after flailing for much of 2018. Aslam: Nasdaq Is Warming Up to Bitcoin Futures Analyst Naeem Aslam told CCN that there are several factors driving the rally, including optimism that Nasdaq is growing more confident about bitcoin futures. Moreover, he says there&#8217;s a bullish trend forming with speculative bitcoin shorts that&#8217;s pushing </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/bitcoins-explosive-rally-targets-6500-next-analyst-explains-why">Bitcoin&#8217;s Explosive Rally Targets $6,500 Next &#8211; Analyst Explains Why</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> CoinMarketCap to launch two crypto benchmark indices on NASDAQ, Bloomberg, Thomson Reuters, and Börse Stuttgart. https://www.investing.com/news/cryptocurrency-news/coinmarketcap-to-launch-two-crypto-benchmark-indices-on-nasdaq-bloomberg-thomson-reuters-and-borse-stuttgart-1843695 Cryptocurrency News urn:uuid:fea0a6e4-8b02-482c-b9a5-da0a293a5406 Tue, 23 Apr 2019 22:14:00 +0000 Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases https://bitcoinmagazine.com/articles/cashaa-now-accepts-debit-credit-cards-crypto-purchases/ Bitcoin Magazine urn:uuid:802a2e6e-c957-f785-8341-0aad72e390bf Tue, 23 Apr 2019 22:08:37 +0000 <img alt="Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases" height="529" src="https://fs.bitcoinmagazine.com/img/images/Cashaa_Card.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards.</p><p>This new service is a follow-up to the <a href="https://news.bitcoin.com/new-crypto-friendly-bank-cashaa-offers-personal-and-business-accounts/">Business Banking Services</a> Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with <i>Bitcoin Magazine</i>, the service will be available to users all over the world, excluding the U.S.</p><p><a href="https://bitcoinmagazine.com/articles/cashaa-hopes-bridge-crypto-and-traditional-finance/">Launched</a> in 2016, Cashaa’s stated mission is to use the advantages of cryptocurrency to “bank the unbanked,” allowing a greater array of possible users better access to a financial system. To this end, Cashaa caters to a variety of nations and currencies, including global currencies like the Philippine peso, Indian rupee, Singapore dollar and Swedish krona, as well as Euros and the pound sterling.</p><p>“This functionality was constantly being asked by our existing personal users from more than 109 countries,” said Kumar Gaurav, Cashaa’s CEO, per the statement.</p><p>“Enabling this feature will allow our wallet users to buy crypto as an e-commerce experience without paying high fees within their [multisig] wallet. There will be no hidden or markup fees on bitcoin price.”</p><p>Using credit and debit cards to purchase crypto assets through Cashaa will allow users to spend anywhere from a half to a third as much in transaction fees compared to industry average prices, the company claimed. Additionally, Cashaa’s service fees for these transactions can be cut further by paying them via CAS tokens.</p><p>Describing this new move, Gaurav said that “there is no major wallet … offering this service, while the ones who are offering it are charging higher markup fees on bitcoin.”</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> <img alt="Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases" height="529" src="https://fs.bitcoinmagazine.com/img/images/Cashaa_Card.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards.</p><p>This new service is a follow-up to the <a href="https://news.bitcoin.com/new-crypto-friendly-bank-cashaa-offers-personal-and-business-accounts/">Business Banking Services</a> Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with <i>Bitcoin Magazine</i>, the service will be available to users all over the world, excluding the U.S.</p><p><a href="https://bitcoinmagazine.com/articles/cashaa-hopes-bridge-crypto-and-traditional-finance/">Launched</a> in 2016, Cashaa’s stated mission is to use the advantages of cryptocurrency to “bank the unbanked,” allowing a greater array of possible users better access to a financial system. To this end, Cashaa caters to a variety of nations and currencies, including global currencies like the Philippine peso, Indian rupee, Singapore dollar and Swedish krona, as well as Euros and the pound sterling.</p><p>“This functionality was constantly being asked by our existing personal users from more than 109 countries,” said Kumar Gaurav, Cashaa’s CEO, per the statement.</p><p>“Enabling this feature will allow our wallet users to buy crypto as an e-commerce experience without paying high fees within their [multisig] wallet. There will be no hidden or markup fees on bitcoin price.”</p><p>Using credit and debit cards to purchase crypto assets through Cashaa will allow users to spend anywhere from a half to a third as much in transaction fees compared to industry average prices, the company claimed. Additionally, Cashaa’s service fees for these transactions can be cut further by paying them via CAS tokens.</p><p>Describing this new move, Gaurav said that “there is no major wallet … offering this service, while the ones who are offering it are charging higher markup fees on bitcoin.”</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> Coinbase Shellacking: Crypto Exchange Cuts Staff, Shutters Chicago Hub https://www.ccn.com/coinbase-cuts-staff-chicago-hub Cryptocurrency News, Cryptocoins News urn:uuid:1663180c-9678-cb1c-612c-bfc2a1a27576 Tue, 23 Apr 2019 22:07:28 +0000 <p>By CCN: The markets may be moving into the green, but 30 Coinbase engineers will be seeing red tonight after they were reportedly laid off and the firm&#8217;s Chicago office closed. It&#8217;s a sure sign that despite positive sentiment returning, the crypto bear market is still determined to shrink a few more businesses before it&#8217;s over. It&#8217;s also a signal that mainstream financial players haven&#8217;t been ready to take the plunge into crypto. A Coinbase spokesperson told CCN: &#8220;Coinbase has consolidated our matching engine efforts into our San Francisco office. This means we are shutting down the matching engine efforts </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/coinbase-cuts-staff-chicago-hub">Coinbase Shellacking: Crypto Exchange Cuts Staff, Shutters Chicago Hub</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Societe Generale Subsidiary Issues 100 Million Euro Bond on Ethereum Blockchain https://www.investing.com/news/cryptocurrency-news/societe-generale-subsidiary-issues-100-million-euro-bond-on-ethereum-blockchain-1843682 Cryptocurrency News urn:uuid:b71a4f3c-f599-45c7-7876-dbba6132c893 Tue, 23 Apr 2019 22:02:00 +0000 Understanding the Principles of Cryptocurrency Taxation & Current Practices https://www.crypto-news.net/%ef%bb%bfunderstanding-the-principles-of-cryptocurrency-taxation-current-practices/ Crypto-News.net urn:uuid:85674aad-57c9-a9b6-d7f2-0ac8b51dc051 Tue, 23 Apr 2019 22:00:46 +0000 Introduction Ever since cryptocurrencies became relevant, governments throughout the world have begun discussions on how to effectively regulate and tax the industry. A large part of the community does not agree with this, granted that the main purpose of digital currencies is to get rid of centralization and create a new financial society that isn’t <h4><strong>Introduction</strong></h4> <p>Ever since cryptocurrencies became relevant, governments throughout the world have begun discussions on how to effectively regulate and tax the industry. A large part of the community does not agree with this, granted that the main purpose of digital currencies is to get rid of centralization and create a new financial society that isn’t controlled by a central authority. Despite this aspect, regulation needs to be respected if you want to stay out of trouble. </p> <p>So far, there isn’t a standardized approach towards cryptocurrency taxation, so in this article, we will explore principles of taxation, and discuss whether cryptocurrencies should be taxed. </p> <h4><strong>The Principles of Taxation</strong></h4> <p>To kick things off, taxation plays several fundamental roles in modern economies, thus a world without taxes is mostly a utopia at this point. With this in mind, some of these key roles include funding expenditure required for running public services alongside other obligations, helping meet and sustain state equity preferences, influencing market behaviour, smoothening out macroeconomic fluctuations, and supporting a diversified national industry, employment rates and economic growth. </p> <p>Research has shown that there are a total of four principles associated with an effective design of the taxation framework. It should be backed by simplicity, stability, neutrality and flexibility. Regardless, the fiat currency taxation framework varies widely from one country to another, and it is far from being simple, stable, flexible or neutral. Judging by this aspect, it is impossible to expect a convergent approach towards cryptocurrency taxation. Additionally, at this time, countries cannot agree on whether to permit or forbid the new wave of currencies, so taxing them efficiently is bound to be a longsome process. </p> <h4><strong>Should crypto be taxed? </strong></h4> <p>The answer to this question is quite complicated and varies according to the country that we are studying. In general, governments impose a tax bracket and percentage on profits obtained by citizens through their work, investments or luck. Profits are usually obtained in the form of fiat currencies, hence taxes are to be paid in fiat as well. Things make sense so far.&nbsp; However, the process gets a lot more confusing when dealing with digital currencies, since most countries do not class them as fiat. Yet, you can still earn a profit using crypto. So, should it be taxed? </p> <p>From a governmental standpoint, part of all revenue should go towards ensuring the provision of public goods and services. If people don’t contribute, the current society would fail. Yet, how can you tax a digital asset that isn’t officially recognized and regulated by a governmental body? After all, you can’t impose a 16% tax on bitcoin holdings, unless you plan on accepting it as a payment method as well. </p> <p>On a theoretical level, most cryptocurrencies are semi or fully anonymous. There is no easy way to determine an individual’s crypto portfolio unless they engage in trading, or submit their information. Because of this, it makes more sense to tax crypto once it is exchanged to fiat. But what happens if cryptocurrencies are mass-adopted and the fiat economy ceases to exist? The general consensus here is that only time will tell. </p> <p>Now, that we’ve present the general worldwide taxation guidelines, and the debates on which approach would be correct for the cryptocurrency market, it’s time to dwell into the generalities and common practices of the digital asset taxation framework in the European Union and the United States. </p> <h4><strong>Digital Currency Taxes in the European Union</strong></h4> <p>As the European Union consists of 28 member states (soon-to-be 27), it is not surprising that a harmonized tax policy does not exist. However, these countries are mostly similar when it comes down to their legislation and public policies, so major differences can’t be expected. </p> <p>There is a decision issued by the European Court of Justice that is applicable everywhere in the EU, stating that digital assets represent a form of currency. As such, all transactions are exempt from the value-added-tax, known as VAT. Despite this, there is no unitary policy on whether other forms of taxation, such as the capital gains tax should be applied to crypto-based profits.</p> <p>In Germany, the Ministry of Finance has decided not to charge a tax when digital currencies are used to purchase goods and services, but do so when individuals exceed an imposed profit margin. Estonia charges both VAT and a capital gains tax, as it considers that cryptocurrencies are not only a method of payment but also an investment tool. France has reduced the tax rate associated with retail crypto traders, whereas crypto-related profits obtained on a non-recurrent basis are considered non-commercial profits and are not subject to tax. </p> <p>On the other hand, several EU countries, which are considered to be crypto-friendly, chose a different approach. In the Netherlands, using digital currencies is classed as an exchange of goods, and is therefore not subject to tax. Crypto holdings, on the other hand, are taxed using the basic income rate. Denmark wants to become the world’s first cashless society, so to encourage crypto growth, it won’t be taxing cryptocurrency traders and the associated profits – this doesn’t apply to crypto-based businesses, which will be taxed accordingly. </p> <h4><strong>Digital Currency Taxes in the United States</strong></h4> <p>Back in 2014, the U.S. Internal Revenue Service (IRS), released a set of guidelines targeted towards cryptocurrency investors, letting them know that <em>“the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world economy transaction, has tax consequences that may result in a tax liability.”</em></p> <p>An important aspect to keep in mind is that the IRS has decided to treat digital currencies as property, meaning that all transactions are taxable, regardless of whether you purchase goods or services. However, the most relevant tax for crypto investors is the capital gains tax, which happens when a digital asset is sold for a higher price than it was purchased for. However, as we’re dealing with cryptos, which are well-known for their volatility, tracking the initial prices can be quite complicated. Some have stated that the IRS wants people to comply, by doing their best to figure out taxable gains. </p> <p>Those who do not report their bitcoin taxes to the IRS can expect fines of $250,000, and probably prison time, so this shouldn’t be taken lightly. As there is no set reporting mechanism in place, and the IRS has not released a clear guideline on how crypto-based taxes should be dealt with, reports indicate that over 46% of users did not report their crypto profits to the IRS. </p> <h4><strong>Conclusion</strong></h4> <p>As you can see, policies vary widely from country to country, and there still is a lot of confusion going on in terms of which types of crypto income are taxable, which should be reported, and what the tax rates are. In the future, states will hopefully choose a standardized approach, or at least offer clear guidelines into how crypto-related income should be reported. This is especially relevant now, granted the increased volatility rates, trading volumes and total market capitalization of the cryptocurrency industry.<br><br></p> <p><em>Featured Image via </em><a href="https://bigstockphoto.com"><em>BigStock</em></a><em>.</em></p> <hr class="wp-block-separator"/> <p> <strong>Disclaimer: </strong><em>While we did our best collecting and fact-checking everything presented in this articles, please do your own research if you are about to file taxes involving cryptocurrency profits. Consult a CPA or other professional, this is an informative overview, no tax filing advice.</em><br></p> Binance Coin (BNB) Struggles to Set Fresh All-Time-Highs Despite Decentralized Exchange Launch https://www.newsbtc.com/2019/04/23/binance-coin-bnb-struggles-to-set-fresh-all-time-highs-despite-decentralized-exchange-launch/ NEWSBTC urn:uuid:4e8c8008-07d3-ed12-1056-370180259e3a Tue, 23 Apr 2019 22:00:40 +0000 <p>The world’s most popular cryptocurrency exchange, Binance, has been on a hot streak in 2019, delivering a deluge of positive news to the crypto community and Binance Coin (BNB) investors who have incurred massive gains in the past several months. Today, the exchange announced the official launch of both their highly anticipated decentralized exchange –<a class="read-more" href="https://www.newsbtc.com/2019/04/23/binance-coin-bnb-struggles-to-set-fresh-all-time-highs-despite-decentralized-exchange-launch/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/binance-coin-bnb-struggles-to-set-fresh-all-time-highs-despite-decentralized-exchange-launch/">Binance Coin (BNB) Struggles to Set Fresh All-Time-Highs Despite Decentralized Exchange Launch</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>The world’s most popular cryptocurrency exchange, Binance, has been on a hot streak in 2019, delivering a deluge of positive news to the crypto community and Binance Coin (BNB) investors who have incurred massive gains in the past several months.</p> <p>Today, the exchange announced the official launch of both their highly anticipated decentralized exchange – aptly named Binance DEX – in addition to their Singapore exchange that offers users an easy-to-use fiat onramp.</p> <h2><strong>Binance Continues Pushing Ahead with Flurry of Positive Developments</strong></h2> <p>Earlier this month, the crypto industry was abuzz with news regarding the launch of the Binance Chain mainnet, which is widely viewed as a <a href="https://www.newsbtc.com/2019/04/18/binance-targets-ethereum-users-for-its-own-blockchain-is-eth-next-for-delisting/" data-wpel-link="internal">competitor to Ethereum</a> in that many cryptocurrencies can be built on top of it. Shortly after its launch, Binance migrated their BNB token supply away from the Ethereum blockchain and onto Binance Chain.</p> <p>This news, which led Binance Coin’s price to skyrocket, is one part of a multi-faceted approach the company is taking in an effort to secure their position as one of the leading cryptocurrency exchanges in the world, and to further diversify the use-cases for <a href="https://www.newsbtc.com/2019/03/01/binance-to-give-away-100000-in-bnb-to-test-its-decentralized-crypto-exchange/" data-wpel-link="internal">BNB</a>.</p> <p>Today, the exchange announced that their highly-anticipated decentralized exchange has gone live with limited functionality.</p> <p>Changpeng Zhao (CZ), the CEO of the cryptocurrency exchange, spoke about the launch of the platform in a recent <a href="https://www.binance.com/amp/en/blog/327334696200323072/Binance-DEX-Launches-on-Binance-Chain-Invites-Community-Development" data-wpel-link="exclude" target="_blank" rel="follow noopener">statement</a>, affirming that the goal of the platform is to offer users far greater control over their funds and assets than traditional, centralized, exchanges offer.</p> <blockquote><p>“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system. With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem,” he explained.</p></blockquote> <p>Moreover, the exchange also announced the release of their Singapore exchange that will allow users to utilize a fiat onramp to easily purchase cryptocurrencies.</p> <h2><strong>Binance Coin (BNB) Drops Despite Recent Announcements</strong></h2> <p>Although these announcements are certainly positive for the cryptocurrency exchange, BNB has dropped today, and is currently trading down over 2% at its current price of $23.90.</p> <p>It is important to note that the cryptocurrency is currently trading just a hair below its all-time-highs of roughly $25.00, which was first set during the parabolic bull run the crypto markets experienced in late-2017, and then revisited just a few days ago.</p> <p>While looking at the crypto’s year-to-date performance, BNB is currently trading up significantly from its 2019 lows of $5.75 that were set in mid-January.</p> <p>Although BNB appears to be having some trouble decisively breaking above its all-time-highs, the recent flurry of positive developments, coupled with the improving <a href="https://www.newsbtc.com/2019/04/19/whales-are-scooping-up-bitcoin-as-crypto-seemingly-bottoms-report-shows/" data-wpel-link="internal">market conditions</a>, will likely allow BNB to set fresh all-time-highs at some point in 2019.</p> <pre>Featured image from Shutterstock.</pre> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/binance-coin-bnb-struggles-to-set-fresh-all-time-highs-despite-decentralized-exchange-launch/">Binance Coin (BNB) Struggles to Set Fresh All-Time-Highs Despite Decentralized Exchange Launch</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Lots of Building on BCH as http://Bitcoin.com ’s REST Layer Sees Millions of Requests http://bit.ly/2vjpHSk pic.twitter.com/t6jclsFQ0R https://twitter.com/BTCTN/status/1120808823223128066 Twitter Search / BTCTN urn:uuid:13a9a253-0fe6-dbd0-e744-250cffaba8f0 Tue, 23 Apr 2019 21:57:01 +0000 <p class="TweetTextSize TweetTextSize--normal js-tweet-text tweet-text" lang="en">Lots of Building on BCH as <a href="http://Bitcoin.com">http://Bitcoin.com&nbsp;</a>&rsquo;s REST Layer Sees Millions of Requests <a href="http://bit.ly/2vjpHSk">http://bit.ly/2vjpHSk&nbsp;</a> <a class="twitter-timeline-link u-hidden" dir="ltr" href="https://pic.twitter.com/t6jclsFQ0R">pic.twitter.com/t6jclsFQ0R</a></a></p> <img src="https://pbs.twimg.com/media/D43pr4KWwAABnzX.jpg" width="250" /> Mysterious GOP Fat-Cat Worth $200 Million Breaks the Bank to Dethrone AOC https://www.ccn.com/mysterious-gop-fat-cat-worth-200-million-breaks-the-bank-to-dethrone-aoc Cryptocurrency News, Cryptocoins News urn:uuid:70e41644-9cdc-6e4c-6836-fa9af8afcdc0 Tue, 23 Apr 2019 21:44:25 +0000 <p>By CCN: Alexandria Ocasio-Cortez (D-NY) has been in the House of Representatives for just four months, but she’s developed an A-list political profile. From her bold claims about climate change and wage inequality to her incredible ability to connect with millennial voters, AOC has quickly become one of the most popular &#8211; and polarizing &#8211; politicians in the United States. Wealthy Republican Donor Wants to Buy a Victory Against Alexandria Ocasio-Cortez For a 29-year-old, Alexandria Ocasio-Cortez has built quite a portfolio. She’s on TIME Magazine’s 100 Most Influential People List, and she&#8217;s already the subject of a documentary. If she </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/mysterious-gop-fat-cat-worth-200-million-breaks-the-bank-to-dethrone-aoc">Mysterious GOP Fat-Cat Worth $200 Million Breaks the Bank to Dethrone AOC</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Amazon with Lightning Network? Early Bitcoin Developer Isn’t Impressed https://www.ccn.com/amazon-lightning-network-bitcoin-developer Cryptocurrency News, Cryptocoins News urn:uuid:184e1007-7d14-12b8-2792-0b350551b476 Tue, 23 Apr 2019 21:21:07 +0000 <p>By CCN: You’ve likely heard the buzz about a new Chrome extension that will allow people to make purchases on Amazon using the Lightning Network, Moon. The buzz shouldn’t confuse you, hopefully: Amazon isn’t accepting any form of bitcoin, and they’re not integrating the Lightning Network. The extension does some ninja work in the background to get your crypto into fiat and then gives that to Amazon or other e-commerce sites. No, Amazon Isn&#8217;t Supporting Lightning Network Amazon, in particular, has long been a target of crypto-payment projects. A company called Purse.io has for years allowed people to turn their </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/amazon-lightning-network-bitcoin-developer">Amazon with Lightning Network? Early Bitcoin Developer Isn&#8217;t Impressed</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> BlockFi Makes Bitcoin Interest Accounts More Accessible, Lowers Minimum Account Threshold https://www.newsbtc.com/2019/04/23/blockfi-makes-bitcoin-interest-accounts-more-accessible-lowers-minimum-account-threshold/ NEWSBTC urn:uuid:098cd639-2a45-87fe-86b7-0f9356a187eb Tue, 23 Apr 2019 21:00:06 +0000 <p>A firm working to bring traditional financial services to those invested in crypto assets has lowered the minimum Bitcoin account balance required to receive interest payments. The move is reportedly in response to public pressure to make the service more accessible. Naturally, those wishing to use BlockFi&#8217;s interest accounts should be aware that such custodian<a class="read-more" href="https://www.newsbtc.com/2019/04/23/blockfi-makes-bitcoin-interest-accounts-more-accessible-lowers-minimum-account-threshold/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/blockfi-makes-bitcoin-interest-accounts-more-accessible-lowers-minimum-account-threshold/">BlockFi Makes Bitcoin Interest Accounts More Accessible, Lowers Minimum Account Threshold</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>A firm working to bring traditional financial services to those invested in crypto assets has lowered the minimum Bitcoin account balance required to receive interest payments. The move is reportedly in response to public pressure to make the service more accessible.</p> <p>Naturally, those wishing to use BlockFi&#8217;s interest accounts should be aware that such custodian services carry far greater risk to Bitcoin investors than if they were to take responsibility for their own private keys. High profile exchange hacks highlight the danger to those choosing to store their crypto with large centralised services such as BlockFi.</p> <h2>BlockFi Brings Traditional Financial Services to Bitcoin Investors</h2> <p>Less than one month after it originally launched its crypto interest accounts, BlockFi has updated its terms of service to lower the minimum account balance needed to receive payments. Previously, users would need to hold a full Bitcoin &#8211; worth over $5,600 at the time of writing. This has now been lowered to 0.5 BTC.</p> <p>The news broke via a <a href="https://blockfi.com/blockfi-news/blockfi-april19-update-lower-min-available-india/" data-wpel-link="external" target="_blank" rel="nofollow noopener">BlockFi</a> monthly update, posted to its blog earlier today. According to the post, the move has been influenced by large numbers of public requests:</p> <blockquote><p>&#8220;After launching BIA, a lot of users reached out to our team asking that we drop our minimum eligible balance to earn interest. We’re excited to let our community know that BTC balances of 0.5 BTC and up will now begin earning interest on their deposits. &#8220;</p></blockquote> <p>The change will take affect on May 1. What&#8217;s more, it will be applied retroactively, meaning all those that held balances of over 0.5 Bitcoin with <a href="http://www.newsbtc.com/tags/blockfi" data-wpel-link="internal">BlockFi</a> since April 1 will be paid interest on their balances too.</p> <p>Also detailed in the post is a change to BlockFi&#8217;s terms regarding its <a href="http://www.newsbtc.com/tags/ethereum" data-wpel-link="internal">Ether</a> interest accounts. Previously, the firm offered to pay interest on any Ether accounts with a balance of greater than 25 ETH. However, market conditions have apparently forced BlockFi to up this minimum threshold to 250 ETH &#8211; around $43,250 at today&#8217;s prices.</p> <p>Finally, the firm has also announced that it will open its services to <a href="http://www.newsbtc.com/tags/india" data-wpel-link="internal">Indian</a> crypto investors too. Again, this has been influenced by sheer demand for the service. This brings the total number of countries eligible to use BlockFi to 65.</p> <h2>BlockFi Making its Potential Honeypot More Appealing to Investors</h2> <p>Although many Bitcoin investors will no doubt be delighted by the lowering of the minimum account balance required by BlockFi to take advantage of its interest account, those wishing to should do so with caution. Centralised companies offering such services that require crypto deposits have been targeted many times by <a href="https://www.newsbtc.com/2019/01/29/hackers-crypto-theft-2018/" data-wpel-link="internal">hackers</a>.</p> <p>The blog post proudly details the total amount held by BlockFi, which has exploded so far during 2019. From just over $10 million this February, the firm now boasts an impressive (and ultimately alluring) $53 million of client funds. No doubt, this will only increase with the latest announcement and no doubt there are <a href="https://www.newsbtc.com/2019/01/15/breaking-crypto-exchange-cryptopia-hacked-police-starts-investigation/" data-wpel-link="internal">teams</a> of cyber criminals working round the clock to compromise the Bitcoin and crypto financial services company for their own gain.</p> <p>&nbsp;</p> <p><em><strong>Related Reading:</strong> <a href="https://www.newsbtc.com/2018/10/10/cryptocurrency-exchange-hacking-jumped-250-ytd-says-report/" data-wpel-link="internal">Cryptocurrency Exchange Hacking Jumped 250% YTD, Says Report</a></em></p> <pre>Featured Image from Shutterstock.</pre> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/blockfi-makes-bitcoin-interest-accounts-more-accessible-lowers-minimum-account-threshold/">BlockFi Makes Bitcoin Interest Accounts More Accessible, Lowers Minimum Account Threshold</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> IDC Predicts Dramatic Increase In Blockchain Spending In Asia Pacific https://coinjournal.net/idc-predicts-dramatic-increase-in-blockchain-spending-in-asia-pacific/ Coinjournal urn:uuid:fcfc42ae-42e0-66cd-c7f1-8b607e451964 Tue, 23 Apr 2019 20:51:29 +0000 <p>Blockchain spending in Asia Pacific, excluding Japan, (APEJ) is expected to reach nearly US$523 million in 2019, an increase of 83.9% from the US$284.8 million spent in 2018, according to the latest findings from the International Data Corporation (IDC)’s Worldwide Semiannual Blockchain Spending Guide. IDC, a provider of market intelligence and advisory services for the [&#8230;]</p> <p>The post <a rel="nofollow" href="https://coinjournal.net/idc-predicts-dramatic-increase-in-blockchain-spending-in-asia-pacific/">IDC Predicts Dramatic Increase In Blockchain Spending In Asia Pacific</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">Coinjournal</a>.</p> BlockFi Now Has Over $53 Million in Client Crypto Under Management https://www.investing.com/news/cryptocurrency-news/blockfi-now-has-over-53-million-in-client-crypto-under-management-1843428 Cryptocurrency News urn:uuid:40f52de5-1de0-89dd-ba07-8828de55e394 Tue, 23 Apr 2019 20:23:00 +0000 Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack https://www.investing.com/news/cryptocurrency-news/over-100-million-missing-coinbene-claims-maintenance-a-month-of-questions-point-toward-a-hack-1843427 Cryptocurrency News urn:uuid:4475558d-a21b-6921-92aa-91e0ec7e82a7 Tue, 23 Apr 2019 20:23:00 +0000 eToroX Crypto Exchange Review – April 2019 https://www.ccn.com/etorox-crypto-exchange-review-april-2019 Cryptocurrency News, Cryptocoins News urn:uuid:23967cd8-e792-66c6-804e-d61547f03a45 Tue, 23 Apr 2019 20:14:19 +0000 <p>The review is penned by Aziz Zainuddin. He has written extensively about cryptocurrency and blockchain. He is the founder of Master The Crypto and an evangelist of this nascent technology. eToroX is a newly launched advanced crypto exchange that belongs to the world’s leading social trading firm, eToro Group. The crypto exchange was launched by eToroX as an effort to bring the world of cryptocurrency trading to everyone. What makes eToroX stand out from other cryptocurrency exchanges around the world, is the fact that the eToroX exchange is one of the very few cryptocurrency exchanges that has actively sought regulatory </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/etorox-crypto-exchange-review-april-2019">eToroX Crypto Exchange Review – April 2019</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Disney Heiress’ Critique of Bob Iger’s $65 Million ‘Insane’ Pay Rings Hollow https://www.ccn.com/disney-heiress-criticism-ceos-pay Cryptocurrency News, Cryptocoins News urn:uuid:34e75394-2bcb-5e20-1748-89d791365bbd Tue, 23 Apr 2019 20:11:59 +0000 <p>By CCN: Roy Disney&#8217;s granddaughter Abigail Disney described Disney CEO Bob Iger&#8217;s annual compensation package worth $65 million as &#8220;insane.&#8221; On the surface, this is an admirable sentiment when taking into account that low-paid employees working at the so-called &#8216;happiest place in the world&#8217; often struggle to survive earning $15 per hour. The support of the Disney co-founder&#8217;s granddaughter would probably mean a lot to Disney employees in their struggle for better pay and working conditions. There is just one problem. Abigail herself holds a significant amount of Disney shares which make up the vast majority of her estimated net </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/disney-heiress-criticism-ceos-pay">Disney Heiress&#8217; Critique of Bob Iger&#8217;s $65 Million &#8216;Insane&#8217; Pay Rings Hollow</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Crypto Conundrum: Bullish Bitcoin Price Action Halts Altcoin Season In Its Tracks https://www.newsbtc.com/2019/04/23/crypto-bitcoin-price-altcoin-season/ NEWSBTC urn:uuid:d68c1df9-95fe-1fe3-974a-0d8c12b32ae5 Tue, 23 Apr 2019 20:00:22 +0000 <p>Overnight last night, Bitcoin price made another strong bullish advance through resistance at $5,400, following a massive crypto rally earlier in the month that set the bullish tone for the rest of the month’s price action. While Bitcoin is more bullish than it’s been since its all-time high of $20,000 back in December 2017, altcoins,<a class="read-more" href="https://www.newsbtc.com/2019/04/23/crypto-bitcoin-price-altcoin-season/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/crypto-bitcoin-price-altcoin-season/">Crypto Conundrum: Bullish Bitcoin Price Action Halts Altcoin Season In Its Tracks</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p class="p1"><span class="s1">Overnight last night, <a href="/tag/bitcoin-price" data-wpel-link="internal">Bitcoin price</a> made another strong bullish advance through resistance at $5,400, following a <a href="https://www.newsbtc.com/2019/04/19/crypto-analytics-bitcoin-price-surge/" data-wpel-link="internal">massive crypto rally earlier in the month</a> that set the bullish tone for the rest of the month’s price action. </span><span class="s1">While Bitcoin is more bullish than it’s been <a href="https://www.newsbtc.com/2019/04/12/bitcoin-ethereum-crypto-bull-run/" data-wpel-link="internal">since its all-time high of $20,000</a> back in December 2017, altcoins, which had been <a href="https://www.newsbtc.com/2019/04/02/2019-crypto-alt-season-altcoins/" data-wpel-link="internal">experiencing massive gains</a> in price over the last few months, have suddenly turned extremely bearish.</span></p> <p>Across social media, crypto analysts are issuing warnings on how to handle altcoin investments in the face of renewed bearish sentiment, and offer insight into what this means for the rest of the crypto market.</p> <h2 class="p1"><span class="s1">Bitcoin Price Rally Causes Altcoins To Bleed Out</span></h2> <p class="p1"><span class="s1">While Bitcoin’s first large movement through resistance at $4,200 that resulted in a nearly <a href="https://www.newsbtc.com/2019/04/04/bitcoin-price-rose-more-in-one-hour-than-last-two-months-combined/" data-wpel-link="internal">$1,000 upward movement over the course of an hour</a> brought altcoins along with it for the ride, this most recent move has caused an increasing amount of bearish sentiment surrounding Bitcoin’s crypto cousins.</span></p> <p style="text-align: center"><em><strong>Related Reading | <a href="https://www.newsbtc.com/2019/04/02/2019-crypto-alt-season-altcoins/" data-wpel-link="internal">2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in Value</a> </strong></em></p> <p class="p1"><span class="s1">Many altcoins are still posting small percentage gains across the board in USD value, though nearly the entire market in value relative to Bitcoin has sank considerably. Any alts that only have a trading pair with BTC were hit exceptionally hard. Nano, Tezos, and a few other outliers managed to grow in relation to BTC value, however the rest of the market is a <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">sea of red</a>.</span></p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">The good thing about alts nuking is that the next alt season is going to be that much sweeter.<br />Just let them go down 30-50% more and then stuff your bags and you&#39;ll be just fine for the next round.<br />On top of that as long as they nuke holding BTC longs is way comfier.</p> <p>&mdash; DonAlt (@CryptoDonAlt) <a href="https://twitter.com/CryptoDonAlt/status/1120672917442973697?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">April 23, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p class="p1"><span class="s1">One particular crypto analyst, DonAlt, in a tweet hinted at the downside potential for altcoins as falling as much as “30-50%” as Bitcoin rallies further. The trader says that alts “nuking” is a “good thing” as it’ll make the next alt season “that much sweeter.”</span></p> <p class="p1"><span class="s1">Some altcoins, such as <a href="/tag/ethereum" data-wpel-link="internal">Ethereum</a> and <a href="/tag/ripple" data-wpel-link="internal">Ripple</a>, have underperformed relative to Bitcoin over the last few months. If Ripple fell another 30-50% from here, it’d set new bear market lows, as Bitcoin enters what could be the start of a bull run.</span></p> <h2 class="p1"><span class="s1">Altcoins: Switching from BTFD to STFB Mode</span></h2> <p class="p1"><span class="s1">Another prominent trader has recommended that crypto investors cease “buying the dip” across altcoins, and instead suggests that traders sell each bounce at support.</span></p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">don&#39;t btfd on alts, stfb. <a href="https://t.co/ItbRD01Lmy" data-wpel-link="external" target="_blank" rel="nofollow noopener">pic.twitter.com/ItbRD01Lmy</a></p> <p>&mdash; CryptoGainz (@CryptoGainz1) <a href="https://twitter.com/CryptoGainz1/status/1120558707102892032?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">April 23, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p class="p1"><span class="s1">In an EOS chart accompanying the tweet, support is clearly shown as being broken. And each time support broke previously on the chart, resulted in a deep decline for EOS. While the exact price action won’t play out across all altcoins, many charts do appear similar in structure, and often the entire altcoin market moves in parity.</span></p> <p style="text-align: center"><em><strong>Related Reading | <a href="https://www.newsbtc.com/2019/04/22/bullish-bitcoin-price-formation-hints-at-short-term-move-above-6k/" data-wpel-link="internal">Bullish Bitcoin Price Formation Hints At Short Term Move Above $6K </a></strong></em></p> <p class="p1"><span class="s1">For a few weeks there, crypto analysts were watching Bitcoin dominance for a break below 50% which could have sparked an all-out altcoin season, while Bitcoin consolidated further. Instead, BTC dominance rebounded and is currently sitting at 53.5% which is responsible for the bleeding witnessed across the altcoin space.</span></p> <p class="p1"><span class="s1">If DonAlt is right about the next altcoin season being that much sweeter due to the impending decline across the alt space, further accumulation at the bottom of the coming range could end up being a <a href="https://www.newsbtc.com/2019/04/02/2019-crypto-alt-season-altcoins/" data-wpel-link="internal">profitable investment</a> for the long term as <a href="https://www.newsbtc.com/2019/04/22/bullish-bitcoin-price-formation-hints-at-short-term-move-above-6k/" data-wpel-link="internal">crypto markets begin to build hype once again</a>.</span></p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/crypto-bitcoin-price-altcoin-season/">Crypto Conundrum: Bullish Bitcoin Price Action Halts Altcoin Season In Its Tracks</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges https://bitcoinmagazine.com/articles/following-expansions-japanese-regulator-investigates-local-crypto-exchanges/ Bitcoin Magazine urn:uuid:92532924-31f1-49a5-4dd0-677118f5ded0 Tue, 23 Apr 2019 19:55:34 +0000 <img alt="News Bit Japan" height="529" src="https://fs.bitcoinmagazine.com/img/images/Project_-_Sketch_1_78_1.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation.</p><p>According to a <a href="https://jp.reuters.com/article/%E9%87%91%E8%9E%8D%E5%BA%81-%E4%BB%AE%E6%83%B3%E9%80%9A%E8%B2%A8%E6%A5%AD%E8%80%85%E3%81%AE%E4%B8%AD%E5%9B%BD%E7%B3%BB%E3%83%95%E3%82%A9%E3%83%93%E3%81%A8%E3%83%95%E3%82%A3%E3%82%B9%E3%82%B3%E3%81%AB%E7%AB%8B%E5%85%A5%E6%A4%9C%E6%9F%BB%EF%BC%9D%E9%96%A2%E4%BF%82%E7%AD%8B-idJPL3N2241JV">report</a> published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.</p><p>FDAG recently <a href="https://corp.zaif.jp/info/10789/">acquired</a> the crypto exchange Zaif, which was hacked last year, from Tech Bureau for $44.7 million. Huobi Global, meanwhile, <a href="https://bitcoinmagazine.com/articles/huobi-enters-japanese-market-bittrade-acquisition/">expanded into Japan</a> through the acquisition of the regulated exchange BitTrade.</p><p>Citing anonymous sources close to the companies, the Reuters report claims that the FSA’s inspectors primarily examined the companies’ internal oversight while also suggesting that there are certain insufficiencies in “the management systems of the two companies and their efforts to protect customers.”</p><p>Earlier this year, Huobi Korea, the South Korean subsidiary of Huobi Global, <a href="https://www.prnewswire.com/news-releases/huobi-korea-strengthens-anti-money-laundering-protections-300799512.html">announced</a> that it would be strengthening its anti-money laundering protection standards.</p><p>The firm&#x27;s focus was on its fiat-to-crypto oversight measures, as well as the processes for withdrawals and deposits on its platforms. It resolved that it will keep close tabs on all transactions that it deems suspicious. In addition, the exchange highlighted its commitment to provide periodic updates to its fraud-detection algorithms.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> <img alt="News Bit Japan" height="529" src="https://fs.bitcoinmagazine.com/img/images/Project_-_Sketch_1_78_1.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation.</p><p>According to a <a href="https://jp.reuters.com/article/%E9%87%91%E8%9E%8D%E5%BA%81-%E4%BB%AE%E6%83%B3%E9%80%9A%E8%B2%A8%E6%A5%AD%E8%80%85%E3%81%AE%E4%B8%AD%E5%9B%BD%E7%B3%BB%E3%83%95%E3%82%A9%E3%83%93%E3%81%A8%E3%83%95%E3%82%A3%E3%82%B9%E3%82%B3%E3%81%AB%E7%AB%8B%E5%85%A5%E6%A4%9C%E6%9F%BB%EF%BC%9D%E9%96%A2%E4%BF%82%E7%AD%8B-idJPL3N2241JV">report</a> published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.</p><p>FDAG recently <a href="https://corp.zaif.jp/info/10789/">acquired</a> the crypto exchange Zaif, which was hacked last year, from Tech Bureau for $44.7 million. Huobi Global, meanwhile, <a href="https://bitcoinmagazine.com/articles/huobi-enters-japanese-market-bittrade-acquisition/">expanded into Japan</a> through the acquisition of the regulated exchange BitTrade.</p><p>Citing anonymous sources close to the companies, the Reuters report claims that the FSA’s inspectors primarily examined the companies’ internal oversight while also suggesting that there are certain insufficiencies in “the management systems of the two companies and their efforts to protect customers.”</p><p>Earlier this year, Huobi Korea, the South Korean subsidiary of Huobi Global, <a href="https://www.prnewswire.com/news-releases/huobi-korea-strengthens-anti-money-laundering-protections-300799512.html">announced</a> that it would be strengthening its anti-money laundering protection standards.</p><p>The firm&#x27;s focus was on its fiat-to-crypto oversight measures, as well as the processes for withdrawals and deposits on its platforms. It resolved that it will keep close tabs on all transactions that it deems suspicious. In addition, the exchange highlighted its commitment to provide periodic updates to its fraud-detection algorithms.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> Credit Suisse Exec Says Bank Culture Holds Back Adoption of Blockchain https://www.investing.com/news/cryptocurrency-news/credit-suisse-exec-says-bank-culture-holds-back-adoption-of-blockchain-1843341 Cryptocurrency News urn:uuid:d2265c5c-8072-4fa7-395e-15c93011930e Tue, 23 Apr 2019 19:43:00 +0000 Twitter Stock Rallies a Ridiculous 16% – Here’s Why You Should Sell https://www.ccn.com/twitter-stock-rallies-a-ridiculous-16-heres-why-you-should-sell Cryptocurrency News, Cryptocoins News urn:uuid:ea00c217-2650-b6d4-6b35-c36e5ccd702f Tue, 23 Apr 2019 19:31:21 +0000 <p>By CCN: Twitter stock (TWTR) surged 16% Tuesday on mammoth first-quarter earnings and massive user growth. The company posted $191 million in net income or 25 cents a share. That&#8217;s a 213% increase from the $61 million in net income the company achieved in Q1 2018. The platform also saw a tsunami of new monthly active users (MAUs) since January. With 9 million new users over the period, Twitter destroyed expectations of a 4 million MAU decline. This is the last time Twitter will be reporting its monthly active user base for the quarter. From now on, the social media </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/twitter-stock-rallies-a-ridiculous-16-heres-why-you-should-sell">Twitter Stock Rallies a Ridiculous 16% &#8211; Here&#8217;s Why You Should Sell</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Bitcoin Price Analysis: Reaccumulation Breakout Hints at Bullish Continuation https://bitcoinmagazine.com/articles/bitcoin-price-analysis-reaccumulation-breakout-hints-bullish-continuation/ Bitcoin Magazine urn:uuid:ec8a31fe-8457-b039-40a2-65a588024a5a Tue, 23 Apr 2019 19:22:06 +0000 <img alt="Price Analysis Video.jpg" height="529" src="https://fs.bitcoinmagazine.com/img/images/Price_Analysis_Video.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><h4></h4><div style="padding-bottom: 56.25%;" class="responsive-object"> <iframe width="480" height="270" src="https://www.youtube.com/embed/FmI0MghO8BE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </div> <p></p><h4><b>Summary:</b></h4><ol><li>Bitcoin clearly broke upward out of reaccumulation trading that had spent three weeks consolidating sideways.</li><li>The market has begun to drift into a zone of supply between the $5,700 and $6,000 levels. There are a lot of underwater positions that are looking to break even, so it seems likely that we will start to encounter sellers looking to get out of the market.</li><li>The daily Bollinger Bands consolidated tightly and have begun to expand — indicating that a macro bullish continuation is likely.</li></ol><p><i>Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.</i></p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> <img alt="Price Analysis Video.jpg" height="529" src="https://fs.bitcoinmagazine.com/img/images/Price_Analysis_Video.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><h4></h4><div style="padding-bottom: 56.25%;" class="responsive-object"> <iframe width="480" height="270" src="https://www.youtube.com/embed/FmI0MghO8BE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> </div> <p></p><h4><b>Summary:</b></h4><ol><li>Bitcoin clearly broke upward out of reaccumulation trading that had spent three weeks consolidating sideways.</li><li>The market has begun to drift into a zone of supply between the $5,700 and $6,000 levels. There are a lot of underwater positions that are looking to break even, so it seems likely that we will start to encounter sellers looking to get out of the market.</li><li>The daily Bollinger Bands consolidated tightly and have begun to expand — indicating that a macro bullish continuation is likely.</li></ol><p><i>Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.</i></p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> French Lender Societe Generale Issues $112 Million Bond on Ethereum https://www.coindesk.com/french-lender-societe-generale-issues-112-million-bond-on-ethereum CoinDesk urn:uuid:fcd18ff2-351d-fb84-ec77-b4d3dc447f37 Tue, 23 Apr 2019 19:10:02 +0000 French investment bank Societe Generale has issued $112 million of bonds as a security token on the public ethereum blockchain. Meteoric Dow Races Toward Record as Earnings Crush Brutal Forecasts https://www.ccn.com/meteoric-dow-races-toward-record-as-earnings-crush-brutal-forecasts Cryptocurrency News, Cryptocoins News urn:uuid:da318b45-e461-b63f-0c2c-6e05ce2289a6 Tue, 23 Apr 2019 19:02:00 +0000 <p>By CCN: The Dow and broader U.S. stock market surged on Tuesday, as investors rallied behind stronger than expected earnings results from the likes of United Technologies Corp (UTX) and Twitter (TWTR). Dow Pounds Toward Record Levels All of Wall Street’s major indexes reported big gains. The Dow Jones Industrial Average surged triple digits, mirroring a strong pre-market for U.S. stock futures. After jumping 184 points, the blue-chip index pared gains to settle up 136 points, or 0.5%, at 26,647.16. The broad S&#38;P 500 Index posted a new record high, gaining 0.9% to 2,933.34. Eight of 11 primary sectors contributed </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/meteoric-dow-races-toward-record-as-earnings-crush-brutal-forecasts">Meteoric Dow Races Toward Record as Earnings Crush Brutal Forecasts</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Before $50,000, Bitcoin (BTC) Must Be Robust, Add 10.1 Percent https://www.newsbtc.com/2019/04/23/before-50000-bitcoin-btc-must-be-robust-add-10-1-percent/ NEWSBTC urn:uuid:21a82aef-2882-ecfa-120b-315ad36556e5 Tue, 23 Apr 2019 19:00:44 +0000 <p>Bitcoin prices buy momentum strong, add 10.1 percent Prices ought to expand 10X in the next bull wave for BTC’s market cap to surge past $1 trillion At spot rates, Bitcoin’s overall valuation is far from $1 trillion Chris Burniske projects. While we don’t have the time frames, prices must increase 10X to hit those<a class="read-more" href="https://www.newsbtc.com/2019/04/23/before-50000-bitcoin-btc-must-be-robust-add-10-1-percent/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/before-50000-bitcoin-btc-must-be-robust-add-10-1-percent/">Before $50,000, Bitcoin (BTC) Must Be Robust, Add 10.1 Percent</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li><em>Bitcoin prices buy momentum strong, add 10.1 percent</em></li> <li><em>Prices ought to expand 10X in the next bull wave for BTC’s market cap to surge past $1 trillion</em></li> </ul> <p><em>At spot rates, Bitcoin’s overall valuation is far from $1 trillion Chris Burniske projects. While we don’t have the time frames, prices must increase 10X to hit those levels. Even so, this will happen in lock-steps with next targets at $6,000.</em></p> <h2>Bitcoin Price Analysis</h2> <h3>Fundamentals</h3> <p>If historical prices are anything to go by, then Bitcoin (BTC) market cap is on its way to $1 trillion. That is according to an analysis by Chris Burniske, a crypto venture capitalist and partner at Placeholder. Basing his observations on past prices, Chris is of the view that in every bull leg, Bitcoin (BTC) market cap increase ten folds.</p> <p>The first wave in 2016 took its overall valuation to $10 billion, and in 2018, Bitcoin’s market cap peaked at around $100 billion. Since prices are printing series of higher highs bolstered by an upbeat market, the next leg up would, therefore, propel the market cap of the most valuable coin to $1 trillion. At that valuation, BTC would change hands at $50,000.</p> <p>At spot rates, that is a 10X increment, an attractive proposition for investors who had to contend with a 75 percent drop during last year’s winter. However, for Bitcoin to reach these astronomic valuations, Jeff Sprecher, the chairman of NYSE, believes that the coin must evolve into a perfect store of value with robust infrastructure and a <a href="http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/" data-wpel-link="exclude" target="_blank" rel="follow noopener">good market structure</a> that can handle a surge in demand:</p> <blockquote><p><em>“Bitcoin does not have a good market structure. Even for Bitcoin, different markets are posting lots of different prices. And you can pay an up to 6 percent spread to exchange dollars for Bitcoin, meaning Bitcoin needs to rise by as much 6 percent before you break even.”</em></p></blockquote> <h3>Candlestick Arrangement</h3> <p><img class="alignleft size-full wp-image-379514" src="https://www.newsbtc.com/wp-content/uploads/2019/04/Bitcoin-Daily-Chart-Apr-23.png" alt="Bitcoin BTC" width="1280" height="1024" /></p> <p>Up 10.1 percent in the last week adding 4.8 percent in the previous day, Bitcoin (BTC) only lags Binance coin (BNB) up 24.8 percent from last week’s close.</p> <p>Because of this exemplary performance, BTC buyers are back and firm above $5,500 meaning risk-averse traders can load up on undervaluation with targets at $6,000 as mentioned in our last <a href="https://www.newsbtc.com/2019/04/18/no-bitcoin-btc-wont-take-22-years-to-pass-20000-again/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">BTC/USD trade plans</a>.</p> <p>Besides price, the underlying buy momentum is strong now that BTC did find support at the 38.2 percent Fibonacci retracement level of the week ending Apr 6. As a result, every retest is another buying opportunity confirming buyers of Apr-2.</p> <h2>Technical Indicators</h2> <p>By reversing losses of Apr-11, the double bar bear reversal pattern of Apr 10-11 no longer holds. As a result, bulls are in control thanks to today’s uptick in participation. As aforementioned, every dip would be another buying opportunity as long as prices are above the $5,300-400 zone.</p> <p><strong><em>Chart courtesy of Trading View</em></strong></p> <p>&nbsp;</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/before-50000-bitcoin-btc-must-be-robust-add-10-1-percent/">Before $50,000, Bitcoin (BTC) Must Be Robust, Add 10.1 Percent</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Coinbase Closes Chicago Office and Scales Down Work on Matching Engine https://cointelegraph.com/news/coinbase-closes-chicago-office-and-scales-down-work-on-matching-engine CoinTelegraph.Com News urn:uuid:2ec8e3b5-782c-903c-09e3-ced1c2fda83a Tue, 23 Apr 2019 18:33:00 +0000 <img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zY2RmODQ3Y2Q4MTc2YjhlODU2NjlhODMwMzE1ZTEwNi5qcGc=.jpg"><p>Coinbase, a U.S.-based crypto exchange, has scaled down the development of its matching engine and shut down its Chicago office</p> Bitcoin Couple’s Seasteading Dreams Sunk by Thai Navy https://www.ccn.com/bitcoin-couple-seastead-thai-navy Cryptocurrency News, Cryptocoins News urn:uuid:afefc6ef-97ae-dc9f-e675-4dc2598b2d8b Tue, 23 Apr 2019 18:30:44 +0000 <p>By CCN: The Thai Navy has dismantled the floating sea cabin of U.S. bitcoin investor and seasteading advocate Chad Elwartowski. His Thai girlfriend Supranee Thepdet was living with him in the seastead. The Thai Navy boarded the boat over the weekend and returned its pieces to shore in three boats. The Thai government plans to use the dismantled floating home as evidence in a case against Elwartowsi and Thepdet. The two are on the run and have engaged the U.S. embassy. The couple says that the Royal Thai Government is pressing to have them tried and killed for violating the </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/bitcoin-couple-seastead-thai-navy">Bitcoin Couple&#8217;s Seasteading Dreams Sunk by Thai Navy</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year http://bit.ly/2USWGMy pic.twitter.com/jeTlBuBD8x https://twitter.com/BTCTN/status/1120754751510065152 Twitter Search / BTCTN urn:uuid:9d547a16-1c92-5d96-4caf-7ee52614607e Tue, 23 Apr 2019 18:22:10 +0000 <p class="TweetTextSize TweetTextSize--normal js-tweet-text tweet-text" lang="en">Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year <a href="http://bit.ly/2USWGMy">http://bit.ly/2USWGMy&nbsp;</a> <a class="twitter-timeline-link u-hidden" dir="ltr" href="https://pic.twitter.com/jeTlBuBD8x">pic.twitter.com/jeTlBuBD8x</a></a></p> <img src="https://pbs.twimg.com/media/D424geRX4AADsvf.jpg" width="250" /> Lightning Labs Launches Desktop App on Bitcoin Mainnet https://www.coindesk.com/lightning-labs-launches-desktop-app-on-bitcoin-mainnet CoinDesk urn:uuid:05f06902-83c3-c64a-b56f-3c64a6cf5216 Tue, 23 Apr 2019 18:16:43 +0000 Lightning Labs has put out an alpha release for its lightning desktop app for bitcoin's mainnet. Nvidia Bites Back at Elon Musk’s ‘Inaccurate’ Tesla Boast https://www.ccn.com/nvidia-bites-back-at-elon-musks-inaccurate-tesla-boast Cryptocurrency News, Cryptocoins News urn:uuid:3dcf6e77-cd7a-9e76-3764-4b75b39b84f8 Tue, 23 Apr 2019 18:10:12 +0000 <p>By CCN.com: After talking about a Full Self-Driving Computer (FSDC) for years, Tesla has finally made good its promise and unveiled the chipset during the electric carmaker’s Autonomy Day. Per the electric carmaker, the new chipset offers a performance that is 21 times better than its old hardware built by Nvidia. The chipset also boasts a neural network performance of 144 tera operations per second (TOPS). Nvidia’s Drive Xavier chip, on the other hand, has a neural network performance of 21 TOPS. The new chip houses 6 billion transistors with the capacity to process up to 2,300 frames per second. </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/nvidia-bites-back-at-elon-musks-inaccurate-tesla-boast">Nvidia Bites Back at Elon Musk&#8217;s &#8216;Inaccurate&#8217; Tesla Boast</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> TD Ameritrade, NASDAQ Reportedly Offer BTC and LTC Paper Trades https://bitcoinmagazine.com/articles/td-ameritrade-nasdaq-reportedly-offer-btc-and-ltc-paper-trades/ Bitcoin Magazine urn:uuid:6958cf79-4ae1-7c75-af0c-b6087346610b Tue, 23 Apr 2019 18:03:00 +0000 <img alt="TD Ameritrade" height="529" src="https://fs.bitcoinmagazine.com/img/images/temp_4.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ.</p><p>According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of trading that lets users exchange an asset without actually buying or selling it for real money (think of it like a testnet of sorts).</p><p>In <a href="https://twitter.com/cryptopolis_x/status/1120352266836426752">a tweet</a> labeled “BREAKING,” the quantitative analyst “Cryptopolis” first sounded the horn on April 22, 2019, hastily claiming that “BTC is now being traded on the NASDAQ!” The Twitter user would later qualify in <a href="https://twitter.com/cryptopolis_x/status/1120364600137007106">an updated tweet</a> that the offering, demarcated by the symbol CXERX, is actually a paper trade holding no real value.</p><p>“That’s not a symbol we trade on the live side so Im [sic] not really able to speak on it,” a TD Ameritrade support staff told Cryptopolis, per the updated tweet.</p><p>“The only bitcoin related products that we trades [sic] are Bitcoin Futures under /XBT,” the support staff continued, saying that their best “guess” would be that the trading is testing.</p><p>Litecoin creator Charlie Lee corroborated this information the following day on his own Twitter account. He added that “TD Ameritrade is testing both BTC and LTC trading on its brokerage platform.”</p><p></p><div> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. <img alt="TD Ameritrade" height="529" src="https://fs.bitcoinmagazine.com/img/images/temp_4.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ.</p><p>According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of trading that lets users exchange an asset without actually buying or selling it for real money (think of it like a testnet of sorts).</p><p>In <a href="https://twitter.com/cryptopolis_x/status/1120352266836426752">a tweet</a> labeled “BREAKING,” the quantitative analyst “Cryptopolis” first sounded the horn on April 22, 2019, hastily claiming that “BTC is now being traded on the NASDAQ!” The Twitter user would later qualify in <a href="https://twitter.com/cryptopolis_x/status/1120364600137007106">an updated tweet</a> that the offering, demarcated by the symbol CXERX, is actually a paper trade holding no real value.</p><p>“That’s not a symbol we trade on the live side so Im [sic] not really able to speak on it,” a TD Ameritrade support staff told Cryptopolis, per the updated tweet.</p><p>“The only bitcoin related products that we trades [sic] are Bitcoin Futures under /XBT,” the support staff continued, saying that their best “guess” would be that the trading is testing.</p><p>Litecoin creator Charlie Lee corroborated this information the following day on his own Twitter account. He added that “TD Ameritrade is testing both BTC and LTC trading on its brokerage platform.”</p><p></p><div> <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. Tron (TRX) Struggling to Scale? Down 5.7 Percent https://www.newsbtc.com/2019/04/23/tron-trx-struggling-to-scale-down-5-7-percent/ NEWSBTC urn:uuid:5732e984-68b0-49ec-b631-d0fc8bfef315 Tue, 23 Apr 2019 18:00:05 +0000 <p>Tron (TRX) prices stable at 2.5 cents Critics claim Tron cannot scale and SUN side chains is a cover for that deficiency By default, Tron claims to be scalable with high throughput. However, critics are back arguing that the SUN Network is a cover for the network’s inability to scale and handle BitTorrent’s requirements. In<a class="read-more" href="https://www.newsbtc.com/2019/04/23/tron-trx-struggling-to-scale-down-5-7-percent/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/tron-trx-struggling-to-scale-down-5-7-percent/">Tron (TRX) Struggling to Scale? Down 5.7 Percent</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li><em>Tron (TRX) prices stable at 2.5 cents</em></li> <li><em>Critics claim Tron cannot scale and SUN side chains is a cover for that deficiency</em></li> </ul> <p><em>By default, Tron claims to be scalable with high throughput. However, critics are back arguing that the SUN Network is a cover for the network’s inability to scale and handle BitTorrent’s requirements. In the meantime, Tron (TRX) prices are ranging and down 5.7 percent from last week’s close.</em></p> <h2>Tron Price Analysis</h2> <h3>Fundamentals</h3> <p>There is Blockchain trilemma, and here developers are struggling between striking a balance between decentralization, security, and scalability. Of the three, Tron supporters are confident that the network is secure and scalable.</p> <p>Of decentralization, the adoption of DPoS consensus algorithm means 27 super representatives do validate and secure the multi-million-dollar network. Like EOS, Tron architects did prioritize scalability and speed over decentralization. However, there are also concerns because even in a high throughput network, security is not a guarantee.</p> <p>Besides, a high TPS platform calls into question the level of centralization of which Vitalik caps saying all high TPS network are in essence “centralized piles of thrash.” Regardless, Tron is developing, and as a scalable network, Justin Sun is planning on side-chains in a bid to improve the platform’s capacity.</p> <p>Even so, is Tron trying to cover the inadequacy of the platform by introducing SUN networks after finally realizing that their “<em>DPOS AWS chain can&#8217;t scale, so you add another DPOS chain on top of it</em>?”</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr">When you finally realize your DPOS AWS chain can&#39;t scale so you add another DPOS chain on top of it <a href="https://t.co/Ps6msDVSvh" data-wpel-link="external" target="_blank" rel="nofollow noopener">https://t.co/Ps6msDVSvh</a></p> <p>&mdash; James Spediacci ⟠ (@JamesSpediacci) <a href="https://twitter.com/JamesSpediacci/status/1113296271467352065?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">April 3, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>Here’s what Simon Morris, a former executive of BitTorrent had to say:</p> <blockquote><p><em>“I suspect that what they’re really going to do is they’ll do it on some central server, they’ll wave their hands and say, ‘Oh, it’s a Lightning Network for TRON,’ or something, and pretend it’s TRON-based, but it’s not really TRON-based.”</em></p></blockquote> <h3>Candlestick Arrangement</h3> <p>At the time of press, Tron (TRX) is down 5.7 percent and in red territory. By all measures, the coin is underperforming and out of the top-10 by market cap. Nonetheless, candlestick arrangement points to bulls.</p> <p>As visible from the chart, Tron (TRX) is finding support off the 50 percent Fibonacci retracement level of Dec-Jan high low. Coincidentally, the level is also our previous resistance now support, at 2.5 cents. Moving on and in line with our last <a href="https://www.newsbtc.com/2019/04/11/tron-trx-cards-double-digit-gains-and-now-losses-back-to-2-5-cents/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">TRX/USD trade plan</a>, aggressive traders should wait for a complete reversal of Apr-21 losses.</p> <p>After that, assuming the reversal is at the back of above average transaction levels, then can initiate buys on dips with targets at 4 cents. Meanwhile, conservative traders should ramp up once TRX edge past Apr-8 highs of 3.1 cents.</p> <h2>Technical Indicators</h2> <p>In the short-term, Apr-21 bear bar anchors our trade plan. With high volumes—5.2 million, bulls need to reverse these losses with equally high volumes for trend continuation as buyers of Mar-23 to Apr-2 flow back.</p> <p><strong><em>Chart courtesy of Trading View</em></strong></p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/tron-trx-struggling-to-scale-down-5-7-percent/">Tron (TRX) Struggling to Scale? Down 5.7 Percent</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <h1>University Of Nevada, Reno, Works With Local Blockchain Startup</h1> https://www.ethnews.com/university-of-nevada-reno-works-with-local-blockchain-startup ETHNews urn:uuid:cd33ccce-60d7-7084-af9a-aa8d69483fc1 Tue, 23 Apr 2019 17:56:52 +0000 <img src="https://cdn.ethnews.com/images/1024x512/IOT-003-04-23-2019.jpg" alt="university-of-nevada-reno-works-with-local-blockchain-startup" ><p>Reno, Nevada-based blockchain company Filament is working with the University of Nevada, Reno, to research autonomous vehicle technology. The research is intended to help develop new standards for the internet of things as it relates to self-driving vehicles.</p> Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst https://www.newsbtc.com/2019/04/23/bitcoin-price-could-fall-back-despite-impressive-session-gains/ NEWSBTC urn:uuid:0a5f2d43-beaa-0a0f-9968-4ff3a769ca3a Tue, 23 Apr 2019 17:30:30 +0000 <p>The bitcoin price has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback. According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price<a class="read-more" href="https://www.newsbtc.com/2019/04/23/bitcoin-price-could-fall-back-despite-impressive-session-gains/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/bitcoin-price-could-fall-back-despite-impressive-session-gains/">Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><p>The <a href="https://www.newsbtc.com/2019/04/22/bullish-bitcoin-price-formation-hints-at-short-term-move-above-6k/" data-wpel-link="internal">bitcoin price</a> has surged up to 4.85 percent this Tuesday, but there is still a strong case of an imminent pullback.</p> <p>According to Crypto Michaël, an Amsterdam-based cryptocurrency analyst, bitcoin lacked adequate follow-up volume that could sustain the ongoing upside price action. The bearish interpretation followed the textbook volume-price relationship, in which a price move up on a declining trading activity signals a selling sentiment.</p> <p>Michaël said if the bitcoin price hangs near its newly established higher high for far too long, it could result in a pullback scenario, as shown below.</p> <div id="attachment_379515" style="width: 800px" class="wp-caption aligncenter"><a href="https://www.newsbtc.com/wp-content/uploads/2019/04/D42T62jWkAETuZv.png" rel="noopener noreferrer" data-wpel-link="internal"><img aria-describedby="caption-attachment-379515" class="wp-image-379515" src="https://www.newsbtc.com/wp-content/uploads/2019/04/D42T62jWkAETuZv-1100x530.png" alt="" width="800" height="386" /></a><p id="caption-attachment-379515" class="wp-caption-text">Bitcoin Price Inside a Rising Wedge | Source: Crypto Michaël</p></div> <p>Michaël showcased the bitcoin price trending inside a rising wedge pattern. Technically, it is a bearish pattern that begins wide at the bottom but starts contracting as the asset price moves upward. As the trading range narrows, the volume also starts declining. And, at the apex, the asset price breaks to the downside accompanied by a sudden surge in volumes. Michaël highlighted similar rising wedge formations via bitcoin&#8217;s recent price behaviors (boxes).</p> <p>&#8220;The longer we keep on hanging here, the more meh it&#8217;s going to be,&#8221; the analyst stated. &#8220;I [really] want to see follow up volume. However, we&#8217;re making some [bear divergences] on higher timeframes already + hanging in resistance + altcoins bleeding hard. I&#8217;m remaining very cautious.&#8221;</p> <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">$BTC</a> <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">#BITCOIN</a></p> <p>The longer we keep on hanging here, the more meh it&#39;s going to be. </p> <p>I really want to see follow up volume, however we&#39;re making some beardivs on higher timeframes already + hanging in resistance + altcoins bleeding hard. </p> <p>I&#39;m still remaining very cautious. <a href="https://t.co/rdb0bhK6vO" data-wpel-link="external" target="_blank" rel="nofollow noopener">pic.twitter.com/rdb0bhK6vO</a></p> <p>&mdash; Crypto Michaël (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1120714527706894336?ref_src=twsrc%5Etfw" data-wpel-link="exclude" target="_blank" rel="follow noopener">April 23, 2019</a></p></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <h2>Bull Trap</h2> <p>Michaël also <a href="https://twitter.com/CryptoMichNL/status/1120679482501816320" data-wpel-link="exclude" target="_blank" rel="follow noopener">envisioned</a> a bull trap scenario, in which the bitcoin price breaks above the rising wedge pattern, but may soon reverse direction. A potential bearish divergence indicator somewhat supported the bearish scenario. Technically, the bitcoin&#8217;s daily Relative Strength Index was moving downwards while its price was trending upward. Such a pattern typically ends up in a downward action for the asset.</p> <p>Nevertheless, Michaël clarified that there were crucial resistance areas that could invalidate the entire bearish theory, as shown in the chart below.</p> <div id="attachment_379527" style="width: 800px" class="wp-caption aligncenter"><a href="https://www.newsbtc.com/wp-content/uploads/2019/04/D40yuHQXsAEQg6j.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-379527" class="wp-image-379527" src="https://www.newsbtc.com/wp-content/uploads/2019/04/D40yuHQXsAEQg6j-1100x488.png" alt="bitcoin" width="800" height="355" /></a><p id="caption-attachment-379527" class="wp-caption-text">Bitcoin Bull Trap | Source: Crypto Michaël</p></div> <p>&#8220;I&#8217;m still neutral and not much changed overall,&#8221; he stated. &#8220;Pushing through orange block = [very good] sign.&#8221;</p> <h2>Double Bottom &#8211; Long Term Bull</h2> <div id="attachment_379528" style="width: 249px" class="wp-caption alignright"><img aria-describedby="caption-attachment-379528" class="wp-image-379528" src="https://www.newsbtc.com/wp-content/uploads/2019/04/doublebot-utx.png" alt="" width="249" height="233" /><p id="caption-attachment-379528" class="wp-caption-text">Source: Stock Charts</p></div> <p>Michaël said he was expending the bitcoin price to perform a complete reversal and restest its bottom in May/June. Technically, it will be a double bottom scenario, which is a textbook bullish reversal pattern. In such a case, bitcoin would pullback to the upside to retest the previous peak, accompanied by high volume, and followed by a breakout to turn the said peak resistance into new support.</p> <p>&#8220;Personally, I&#8217;d sign for this: 1) Slight upwards/sideways continuation of BTC till the end of April; 2) First altseason; 3)  May/June BTC downwards to bottom; 4) July &#8211; September sideways &amp; major 5) After September beginning of uptrend bull market BTC,&#8221; said Michaël. &#8220;But, that&#8217;s me.&#8221;</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/bitcoin-price-could-fall-back-despite-impressive-session-gains/">Bitcoin Price Could Fall Back Despite Impressive Session Gains: Analyst</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> How Crypto Investor Stupidity Helped One Hacker Swipe $7 Million https://www.ccn.com/how-crypto-investor-stupidity-helped-one-hacker-swipe-7-million Cryptocurrency News, Cryptocoins News urn:uuid:5f2c7074-234c-2bc5-3396-11524ea70863 Tue, 23 Apr 2019 17:30:22 +0000 <p>By CCN: Years ago, a thief had a simple idea: figure out a way to guess Ethereum private keys and write software to sweep the crypto funds from the blockchain. Guessing the 72-character private key is no small feat – your odds are about 1 in 115 quattuorvigintillion. No, we didn’t make that number up. The researchers told Wired that trying to do this without the help of high-powered computers would be like: “ Choosing a grain of sand on a beach, and later asking a friend to find that same grain among a ‘billion gazillion’ beaches.” The Fatal Flaw </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/how-crypto-investor-stupidity-helped-one-hacker-swipe-7-million">How Crypto Investor Stupidity Helped One Hacker Swipe $7 Million</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> <h1>The Future Of Bitcoin</h1> https://www.ethnews.com/the-future-of-bitcoin ETHNews urn:uuid:4fbddf42-b04e-a3f4-14ff-ab13b0f4da17 Tue, 23 Apr 2019 17:08:44 +0000 <img src="https://cdn.ethnews.com/images/1024x512/MoneyCurrency-005-04-23-2019.jpg" alt="the-future-of-bitcoin" ><p>New York Times writer Nathaniel Popper discusses how bitcoin is currently being used, who is using it, and how the technology will eventually fit into the lives of everyday people.</p> WSJ: Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment https://www.investing.com/news/cryptocurrency-news/wsj-japanese-billionaire-softbank-founder-lost-130-million-on-bitcoin-investment-1843181 Cryptocurrency News urn:uuid:712df06c-d788-c987-f179-11f87e4e23b8 Tue, 23 Apr 2019 17:02:00 +0000 Ether Thief Found Stealing Funds With Weak Private Keys https://www.coindesk.com/ether-thief-found-stealing-funds-with-weak-private-keys CoinDesk urn:uuid:a98d6d54-2341-e9a8-496e-ba318f927fd0 Tue, 23 Apr 2019 17:00:52 +0000 A security consultancy found that an unknown person or group has been undertaking a sophisticated scheme to steal ether from weakly-protected addresses. Is Ripple (XRP) Fading Due To Competitors As Hyperledger Fabric and IBM? https://www.newsbtc.com/2019/04/23/is-ripple-xrp-fading-due-to-competitors-as-hyperledger-fabric-and-ibm/ NEWSBTC urn:uuid:88e50934-959d-938d-1cbb-77f90ddf287e Tue, 23 Apr 2019 17:00:40 +0000 <p>Ripple (XRP) range bound, 34 cents immediate resistance IBM Hyperledger Fabric and World Wire offer stiff competition All in all, Ripple Inc haven been prosperous in their promotions. Banks in the Middle East, SE Asia, and India are using their solutions. Despite that, Ripple (XRP) prices are stagnant and stuck within a 4 cents range.<a class="read-more" href="https://www.newsbtc.com/2019/04/23/is-ripple-xrp-fading-due-to-competitors-as-hyperledger-fabric-and-ibm/" data-wpel-link="internal">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/is-ripple-xrp-fading-due-to-competitors-as-hyperledger-fabric-and-ibm/">Is Ripple (XRP) Fading Due To Competitors As Hyperledger Fabric and IBM?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> <span class="entry-content"><ul> <li><em>Ripple (XRP) range bound, 34 cents immediate resistance</em></li> <li><em>IBM Hyperledger Fabric and World Wire offer stiff competition</em></li> </ul> <p><em>All in all, Ripple Inc haven been prosperous in their promotions. Banks in the Middle East, SE Asia, and India are using their solutions. Despite that, Ripple (XRP) prices are stagnant and stuck within a 4 cents range.</em></p> <h2>Ripple Price Analysis</h2> <h3>Fundamentals</h3> <p>It may be seven years down the line and with more than 200 banks leveraging Ripple Inc’s solutions, the blockchain start-up is successful. With Banco Santander, SBI Group, Federal Bank, Western Union and a foothold in the Middle East and Asia, investors are eager for more.</p> <p>If anything, a measure of success would be on how financial institutions and processors respond to xRapid and XRP. The latter is the enabler that facilitates near instant payment settlement which Inter Ledger and a couple of other payment apps seek to achieve. Of the three solutions, xCurrent—an option that allows end-to-end tracking of transactions is popular.</p> <p>However, if there is a regulatory clarification on XRP and the US SEC comes forth, declaring the asset as a utility with no central point of control, then we expect processors and even banks to jump in the fray, enjoy security, transparency, and cost-cutting that XRP and xRapid tags along.</p> <p>Nevertheless, the sphere is heating up, and IBM’s World Wire, JP Morgan’s JPM Coin designed for institutions as well as its <a href="https://www.hyperledger.org/projects/fabric" data-wpel-link="external" target="_blank" rel="nofollow noopener">Hyperledger Fabric</a>—in use by firms featured in Forbes Blockchain 50 List promise to slow down progress as clients do have options.</p> <h3>Candlestick Arrangement</h3> <p><img class="alignleft size-full wp-image-379516" src="https://www.newsbtc.com/wp-content/uploads/2019/04/Ripple-Daily-Chart-Apr-23.png" alt="Ripple XRP" width="1280" height="1024" /></p> <p>Price wise and Ripple (XRP) is bouncing off the 30 cents support. Even so, prices are ranging within a 4 cents zone and yet to break off above the 34 cents buy trigger line.</p> <p>In line with our previous <a href="https://www.newsbtc.com/2019/04/16/ripple-xrp-conquering-asia-but-why-the-divergence-with-price/" target="_blank" rel="noopener noreferrer" data-wpel-link="internal">XRP/USD trade plan</a>, the coin’s performance is mostly dependent on how prices react at this level—flashing with the 61.8 percent Fibonacci retracement level of Dec 2018 high low.</p> <p>If buyers build up enough momentum and break off from this zone at the back of high transaction volumes, then from an effort versus result point of view, we expect the momentum of Jan 30 to continue as XRP surge past 34 cents towards 40 cents.</p> <h2>Technical Indicators</h2> <p>As aforementioned, buyers are in control despite the headwinds of Apr-11. Nonetheless, it is imperative that XRP prices edge past 34 cents and feeding this momentum should be an influx of buyers reversing Apr-11 losses with high volumes exceeding 32 million and recent averages of 15 million.</p> <p><strong><em>Chart courtesy of Trading View</em></strong></p> <p>&nbsp;</p> </span><p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/04/23/is-ripple-xrp-fading-due-to-competitors-as-hyperledger-fabric-and-ibm/">Is Ripple (XRP) Fading Due To Competitors As Hyperledger Fabric and IBM?</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com">NewsBTC</a>.</p> Shocking! Billionaire Mark Cuban Was Once too Poor for a Bank Account https://www.ccn.com/billionaire-mark-cuban-poor-bank-account Cryptocurrency News, Cryptocoins News urn:uuid:51ec9a12-0d6d-74e9-0525-9c062fdcb243 Tue, 23 Apr 2019 16:46:01 +0000 <p>By CCN: Mark Cuban was once so poor that he did not have the minimum $200 required to open a bank account. The billionaire investor revealed this shocker during a pitch session on a recent episode of &#8220;Shark Tank.&#8221; Though poverty was a lifetime ago for Cuban, the bitcoin skeptic who has since dabbled in crypto now has a net worth somewhere north of $4 billion. He clearly still feels a connection to his working-class roots, that is if his investment during the episode was any indication. Cuban committed $500,000 to Spare, a fintech startup offering virtual ATM services to users </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/billionaire-mark-cuban-poor-bank-account">Shocking! Billionaire Mark Cuban Was Once too Poor for a Bank Account</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Dow Surges 125 Points as Trump Savages ‘Stupid’ Paul Krugman https://www.ccn.com/dow-surges-160-points-as-trump-savages-stupid-paul-krugman Cryptocurrency News, Cryptocoins News urn:uuid:159a2987-b7ec-ebfa-5f9b-344927bfa882 Tue, 23 Apr 2019 16:44:16 +0000 <p>By CCN: The Dow surged by triple digits on Tuesday after Donald Trump slammed &#8220;stupid&#8221; Nobel-winning economist Paul Krugman, who continues to warn that the U.S. economy is on the brink of recession even as the stock market bounds toward record highs. Dow Rallies Toward Record High Just ahead of the closing bell, the Dow Jones Industrial Average had raced to a 123.91 point or 0.47 percent increase, launching the index to 26,634.96. In just five months, the DJIA has surged by a breathtaking 22 percent. The move came as President Trump took a victory lap at the expense of </p> <p>The post <a rel="nofollow" href="https://www.ccn.com/dow-surges-160-points-as-trump-savages-stupid-paul-krugman">Dow Surges 125 Points as Trump Savages &#8216;Stupid&#8217; Paul Krugman</a> appeared first on <a rel="nofollow" href="https://www.ccn.com">CCN</a></p> Is Bitcoin Mining Finally Profitable for Miners in 2019? https://bitcoinmagazine.com/articles/bitcoin-mining-finally-profitable-miners-2019/ Bitcoin Magazine urn:uuid:0d7a691f-ba80-190b-aa67-7ae5287bbbbd Tue, 23 Apr 2019 16:35:30 +0000 <img alt="Mining" height="529" src="https://fs.bitcoinmagazine.com/img/images/Project_-_Sketch_1_111.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear <a href="https://www.blockchaintrend.net/#/marketingDetail/BTC">rise</a> since the start of April 2019 and hit a near half-a-year high on April 15, 2019.</p><img alt="Is Bitcoin Mining Finally Profitable for Miners in 2019?" class="richtext-image lightbox" height="512" src="https://fs.bitcoinmagazine.com/img/images/1-8.original.png" width="854"><p><i>Source:</i> <a href="https://www.blockchaintrend.net/#/marketingDetail/BTC"><i>BCtrend</i></a></p><p>According to crypto analyst Alex Kruger, <a href="https://twitter.com/krugermacro/status/1119760120584577029?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1119760120584577029&amp;ref_url=https%3A%2F%2Fnews.8btc.com%2Fbitcoin-mining-finally-profitable-for-miners-in-2019">the breakeven cost</a> for efficient bitcoin mining operations currently hovers around $3,550 to $4,350, while the price of bitcoin is in the $5,500-plus range at the time of this writing. That ensures a $1,000-plus profit for each bitcoin mined and a substantial profit for bitcoin miners considering the uptick momentum in bitcoin price continues.</p><p>Kruger said that the breakeven cost was calculated based on an electricity rate of 5.5 cents per kilowatt hour (kWh). While electricity costs vary in different regions, the breakeven cost could vary in line with that.</p><p>“[The] exact number is heavily dependent on electricity cost,” Kruger said. “E.g., last December <i>Coingeek</i> reported an electricity cost (inclusive of all operational expenses) of $0.073. I am using $0.055.”</p><p>Given that the electricity rate in China is much lower — 3.5 cents kWh as some mining farms have claimed — when the <a href="https://news.8btc.com/1-million-mining-machines-in-sichuan-will-run-again-in-may-bitcoin-hashrate-boom">wet season in Sichuan</a> started, miners in China can make more than <a href="https://www.cryptocompare.com/mining/calculator/btc?HashingPower=14&amp;HashingUnit=TH%2Fs&amp;PowerConsumption=1350&amp;CostPerkWh=0.035&amp;MiningPoolFee=3">$2,000</a> in profit for each bitcoin mined. Over the second half of 2018, however, the breakeven cost dropped below the BTC price, leading to inefficient bitcoin mining and losses, with some miners even shutting down their operations and selling off their hardware.</p><p></p><img alt="Is Bitcoin Mining Finally Profitable for Miners in 2019?" class="richtext-image lightbox" height="547" src="https://fs.bitcoinmagazine.com/img/images/0-6.original.png" width="870"><p>Together with the rise of mining profitability, the hashrate of the whole Bitcoin network has also been climbing. That means more miners have been coming back or freshly entering the market. As BTC.com shows, Bitcoin hash power has seen a <a href="https://btc.com/stats/diff">25 percent increase</a>, from 36.55 Exa hashes per second (Eh/s) in mid-December 2018, to 45.76 Eh/s in mid-April 2018.</p><p></p><img alt="Is Bitcoin Mining Finally Profitable for Miners in 2019?" class="richtext-image lightbox" height="504" src="https://fs.bitcoinmagazine.com/img/images/2-4.original.png" width="1116"><p>The ASIC miner market has also been waking up, rolling out faster, new-gen mining devices. In late March, Canaan rolled out its <a href="https://news.8btc.com/canaan-unveils-50wt-bitcoin-asic-miner-avalon-a10-for-the-upcoming-wet-season">Avalonminer 10</a> which delivers a hashrate of 31 terahashes per second (TH/s) at 1,736 watts (W). Days later, Bitmain revealed its<a href="https://news.8btc.com/bitmain-reveals-specification-of-its-profitable-antminer-17-series"> Antminer 17</a> series, delivering a hashrate ranging from 50 TH/s to 56 TH/s, operating at 42 watts per terahash (W/Th) to 45 W/Th. And MicroBT released a whopping 72 TH/s bitcoin ASIC <a href="https://news.8btc.com/whatsminer-release-72ths-bitcoin-asic-m20s-20-more-powerful-than-antminer-s17-with-cheaper-price">M20S</a> recently.</p><p>These figures suggest that the market is showing signs of life after coming off of some of its worst months. Bitcoin mining is finally profitable for miners and getting its prospects back after the year-long sluggish market.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p> <img alt="Mining" height="529" src="https://fs.bitcoinmagazine.com/img/images/Project_-_Sketch_1_111.width-800.jpg" width="800"> <br/> <div class="block-paragraph"><div class="rich-text"><p>The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear <a href="https://www.blockchaintrend.net/#/marketingDetail/BTC">rise</a> since the start of April 2019 and hit a near half-a-year high on April 15, 2019.</p><img alt="Is Bitcoin Mining Finally Profitable for Miners in 2019?" class="richtext-image lightbox" height="512" src="https://fs.bitcoinmagazine.com/img/images/1-8.original.png" width="854"><p><i>Source:</i> <a href="https://www.blockchaintrend.net/#/marketingDetail/BTC"><i>BCtrend</i></a></p><p>According to crypto analyst Alex Kruger, <a href="https://twitter.com/krugermacro/status/1119760120584577029?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1119760120584577029&amp;ref_url=https%3A%2F%2Fnews.8btc.com%2Fbitcoin-mining-finally-profitable-for-miners-in-2019">the breakeven cost</a> for efficient bitcoin mining operations currently hovers around $3,550 to $4,350, while the price of bitcoin is in the $5,500-plus range at the time of this writing. That ensures a $1,000-plus profit for each bitcoin mined and a substantial profit for bitcoin miners considering the uptick momentum in bitcoin price continues.</p><p>Kruger said that the breakeven cost was calculated based on an electricity rate of 5.5 cents per kilowatt hour (kWh). While electricity costs vary in different regions, the breakeven cost could vary in line with that.</p><p>“[The] exact number is heavily dependent on electricity cost,” Kruger said. “E.g., last December <i>Coingeek</i> reported an electricity cost (inclusive of all operational expenses) of $0.073. I am using $0.055.”</p><p>Given that the electricity rate in China is much lower — 3.5 cents kWh as some mining farms have claimed — when the <a href="https://news.8btc.com/1-million-mining-machines-in-sichuan-will-run-again-in-may-bitcoin-hashrate-boom">wet season in Sichuan</a> started, miners in China can make more than <a href="https://www.cryptocompare.com/mining/calculator/btc?HashingPower=14&amp;HashingUnit=TH%2Fs&amp;PowerConsumption=1350&amp;CostPerkWh=0.035&amp;MiningPoolFee=3">$2,000</a> in profit for each bitcoin mined. Over the second half of 2018, however, the breakeven cost dropped below the BTC price, leading to inefficient bitcoin mining and losses, with some miners even shutting down their operations and selling off their hardware.</p><p></p><img alt="Is Bitcoin Mining Finally Profitable for Miners in 2019?" class="richtext-image lightbox" height="547" src="https://fs.bitcoinmagazine.com/img/images/0-6.original.png" width="870"><p>Together with the rise of mining profitability, the hashrate of the whole Bitcoin network has also been climbing. That means more miners have been coming back or freshly entering the market. As BTC.com shows, Bitcoin hash power has seen a <a href="https://btc.com/stats/diff">25 percent increase</a>, from 36.55 Exa hashes per second (Eh/s) in mid-December 2018, to 45.76 Eh/s in mid-April 2018.</p><p></p><img alt="Is Bitcoin Mining Finally Profitable for Miners in 2019?" class="richtext-image lightbox" height="504" src="https://fs.bitcoinmagazine.com/img/images/2-4.original.png" width="1116"><p>The ASIC miner market has also been waking up, rolling out faster, new-gen mining devices. In late March, Canaan rolled out its <a href="https://news.8btc.com/canaan-unveils-50wt-bitcoin-asic-miner-avalon-a10-for-the-upcoming-wet-season">Avalonminer 10</a> which delivers a hashrate of 31 terahashes per second (TH/s) at 1,736 watts (W). Days later, Bitmain revealed its<a href="https://news.8btc.com/bitmain-reveals-specification-of-its-profitable-antminer-17-series"> Antminer 17</a> series, delivering a hashrate ranging from 50 TH/s to 56 TH/s, operating at 42 watts per terahash (W/Th) to 45 W/Th. And MicroBT released a whopping 72 TH/s bitcoin ASIC <a href="https://news.8btc.com/whatsminer-release-72ths-bitcoin-asic-m20s-20-more-powerful-than-antminer-s17-with-cheaper-price">M20S</a> recently.</p><p>These figures suggest that the market is showing signs of life after coming off of some of its worst months. Bitcoin mining is finally profitable for miners and getting its prospects back after the year-long sluggish market.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com">Bitcoin Magazine</a>.</em></p>