Bitcoin bull market is back. Bitcoin breaks $9,000 and hash rate reaches all-time high and could drive price even higher. New rally preparing for Ethereum and Litecoin. Coinstar expands to 2,200 kiosks where you can buy Bitcoin (BTC). New copyright filed in China on Bitcoin whitepaper. Billionaire wants to buy 25% of all Bitcoin (BTC) in existence.
3. Institutions Are Readying for the Bitcoin Bull Market This time around, Wall Street is firmly in on the action with a seemingly insatiable appetite for Bitcoin. Again, this all looks like major preparation for the official Bitcoin bull market. Is the bitcoin bull market officially back? Institutions Are Readying for the Bitcoin Bull Market4.
Most of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows.Market visualization courtesy of Coin360Bitcoin broke the psychological price point of $9,000 earlier today, hitting a high last seen in early May 2018.
Fundamentals Drive BTC Price Higher According to monitoring resource Blockchain.com, as of press time, Bitcoin’s hash rate had beaten off its bear market slump from 2018 to approach a new all-time high.
His projection of the bitcoin price comes after major financial institutions and technology conglomerates in the likes of Rakuten, Fidelity, Etrade, and TD Ameritrade have started to build services and infrastructure around the crypto asset market, with JPMorgan going as far as to develop its own digital asset.
The crypto asset management firm is also on a Bitcoin accumulation spree as it added 11,236 BTC to its Bitcoin Trust (GBTC) in April alone. An analysis by Twitter user Rhythm revealed that the company has bought 21 percent of the total Bitcoins mined in the month of April.
Bitcoin Price Analysis: Recent Example On the daily BTC/USD chart we can see the recent price activity of Bitcoin over the last 4 weeks To use the Fibonacci extension tool (Fib Extn) we must first identify a swing low, which in this case is the $4,991 level from April 25.
But we found there were people who wanted us to assist them in buying enormous amounts of Bitcoin.” Bitcoin’s circulating supply is 17,731,812 according to CoinMarketCap. A 25% chunk would be 4,432,953 BTC, worth $38.5 billion at time of publishing. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
He shares his thoughts on where he thinks Bitcoin price is now headed, the US-China trade war and the ‘unfolding’ global economic crisis. Why do you think your good friend, gold-bug Peter Schiff, refuses to acknowledge the benefits of Bitcoin despite his own business accepting btc to buy gold?
This represents an all-time high for the cryptocurrency that following the Satoshi Vision, and the future appears bright as turnover levels continue to increase dramatically.Bitcoin Core (BTC), on the other hand, registered the least movement and was trading at around $8,700 at press time on the back of a 2% increase.
Litecoin price corrected lower after trading as high as $131.93 against the US Dollar.LTC price declined below the $115.00 level, but the $110.00 support zone prevented declines.There is a major bullish trend line forming with support at $114.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to break the $120.00 and $122.00 resistance levels to trade towards $135.00.
EOS price rallied recently and broke the $7.000 and $7.600 resistance levels against the US Dollar.The price is currently consolidating in a broad range and likely setting up for the next break above $8.300.There is a key ascending channel forming with support near $7.650 on the 4-hours chart of the EOS/USD pair (data feed from Binance).The pair is likely to start a strong upward move above the $8.300 and $8.500 resistance levels.
Since April of this year, bitcoin has shown new promise by growing in price and increasing its position on the financial ladder. Many Banks Fear What Bitcoin Can Do to the Financial Space In addition, the statement also reads that the bank holds no sway over cryptocurrencies.
Bitcoin cash price surged above the USD 440 and USD 450 resistance levels. Ripple price started a solid uptrend and broke the main USD 0.445 and USD 0.450 resistance levels. BTC/USD is currently trading with a positive tone and it could climb further above USD 8,750 and USD 8,800 in the near term.
Erlay, an efficient transaction relay protocol for Bitcoin, is quite exciting for those of us running highly connected nodes. “The current version of the Bitcoin transaction relay protocol propagates messages among nodes using diffusion, which is a variation on random flooding.
Exchanges, Payment Platforms, Investment Funds
According to the researchers, the malware bears hallmarks of an attack emanating from China, or Chinese speakers, after Chinese language strings were identified in log files and binaries.In their research, Guardicore Labs said the targeted servers already spanned systems across a number of key industries.“Breached machines include over 50,000 servers belonging to companies in the healthcare, telecommunications, media and IT sectors.
It allows other ultra-rich individuals, like the pledge’s founders, to “dedicate the majority of their wealth to giving back” and Delo is prepared to do just that.Giving Pledge doesn’t require those agreeing to donate to mention where the money will go.
You’ve heard of Initial Coin Offerings (ICOs), but have you heard of an Initial Exchange Offering (IEO)? The key differentiating factor is that while an ICO is launched by a startup on an ICO platform, an IEO is conducted by an exchange on behalf of the token issuer. Startups that partner with cryptocurrency exchanges benefit from the listing and marketing services that they provide.
The exchange secured its license with the Financial Services Agency (FSA) — the national financial regulator — back in December 2017, meaning that Taotao automatically obtained the permission to trade cryptocurrencies.“It’s not so much entering the market but re-entering it, using the marketing expertise and financial muscle of Yahoo Japan,” as Maurizio Raffone, founder and CEO of Finetiq Limited, a Tokyo-based management consulting company, explained to Cointelegraph.As per Japan’s Payment Services Act, amended in April 2017, all digital currency exchanges in the country are required to be registered with the FSA.
The platform represents a unique investment vehicle, which allows investors to mark profitable returns on their bitcoin holdings without having to spend countless of hours trading. Creating a Wallet and Funding an Account AMFEIX is among the few platforms which have no minimum investment period.
The U.S.-based crypto payments startup Fold, also known for its Lighting Pizza, has signed a deal that will make it possible for users to shop with bitcoin via the lightning network at over 500 retailers at 50 countries around the world “very soon”, Will Reeves, the product lead at Fold, told Cryptonews.com in an interview about their growth plans and results.
Crypto wallet and exchange app Abra has launched its hybrid investment channel, allowing individuals to make purchases of listed stocks, exchange-traded funds (ETFs) and commodities with Bitcoin. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
The number of brick and mortar locations where the consumer can buy the cryptocurrency continuous to increase dramatically. Coinstar CEO, Jim Gaherity, said, “The response to being able to purchase BTC at Coinstar kiosks has been extremely positive with overwhelming demand by both consumers and new retailer partners.” And he added, We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months.
Frauds, Scams, Hacks & Legal Issues
To prepare, Ted Livingston — the founder of Kin and the CEO of Kik — is trying to raise money through a legal-defense fund called Defend Crypto. In court, Kik will argue that its Kin token is not a security, and therefore, should not be regulated by the SEC.
Their research shows the malware may have “infected up to 50,000 Windows MS-SQL and PHPMyAdmin servers over the past four months,” with over 700 new victims being pulled into the scam net every single day.According to the researchers, the malware bears hallmarks of an attack emanating from China, or Chinese speakers, after Chinese language strings were identified in log files and binaries.In their research, Guardicore Labs said the targeted servers already spanned systems across a number of key industries.“Breached machines include over 50,000 servers belonging to companies in the healthcare, telecommunications, media and IT sectors.
Authorities in the Sichuan province of China are probing into the crypto mining firms which are operating without any official approval, a local state-owned newspaper revealed. The Economic and Information Bureau has found many illegal constructions in the mountainous region of Garze, where crypto mining firms are building facilities in the sites of hydropower stations without obtaining any approval.
Case in point, a new video that promises users free cryptocurrency, but which is, in reality, nothing more than a scam that can lead to the installation of hijacking malware on the target computer.Videos are being used to promote a “Bitcoin generator” tool on YouTube that purportedly shows viewers how to download and install an app to “make” free crypto.
News The Securities and Futures Commission (SFC) of Hong Kong has expressed concern over the lack of regulation for dealing with fraud in the crypto space, local news agency The Standard reports May 30.SFC enforcement chief Thomas Atkinson has recently pointed out problems associated with the existing regulatory uncertainty over initial coin offerings (ICOs) and cryptocurrency trading.Atkinson, who resigned from Canada’s largest securities enforcement authority, the Ontario Securities Commission (OSC), back in 2016, emphasized that the structure of certain crypto exchanges is “beyond the scope of the SFC,” the report notes.
Just like migratory birds, the mining machines migrate to Inner Mongolia and Xinjiang in winter and return to Sichuan and Yunnan in summer, where electricity prices are lower.A mine owner revealed that, because of the slow signing of the power supply agreement with the power plant, building the plant cannot include an environment assessment or construction reporting in advance.The Municipal Bureau of Land and Resources said that they had known the illegal construction of bitcoin mining camps occurs along the Dadu River.
Coinbase has targeted high-volume investors both in the U.S. and abroad in recent years, focusing on mainstream on and off-ramps into the cryptocurrency industry.This has placed the company in a different position to crypto-only platforms such as Binance, Choi says, which continues to drop details of its forthcoming decentralized exchange launch.“Obviously we are the fiat to crypto bridge.
The state authorities of China’s Sichuan province will investigate local bitcoin (BTC) mining farms that have been allegedly been built illegally, local media agency Sina reports on May 30.Located at the bitcoin “global mining capital” of Sichuan, the bitcoin mining farms with over 30,000 bitcoin mining machines have been reportedly constructed without an official approval from the local government, and are thus subject for further examination.Specifically, the alleged illegal mining farms are located along the Sichuan’s Dadu river, a major Chinese river that will host the world's biggest embankment dam called Shuang Jiang Kou, which is currently under construction.
ASIC defined financial products as “entities and their advisers need to consider all the rights and features of the ICO (regardless of how it is named and marketed) in determining whether the crypto-asset is a financial product or involves a financial product.” Suggested articles No-nonsense Broker TIOmarkets Achieves 10,000 Sign UpsGo to article >> Any exchange dealing in such products will have to comply with Australian financial market laws and will have to hold all the necessary licenses.
A spokesman for Wright had stated the opposite view, claiming that “the registrations issued by the U.S. Copyright Office recognize Wright as the author — under the pseudonym Satoshi Nakamoto — of both the white paper and code.” What do you think about the second Bitcoin whitepaper copyright?
The Australian Securities and Investment Commission (ASIC) published new initial coin offering (ICO) and cryptocurrency guidelines on its official website on May 30.The regulator detailed the prerequisites that a cryptocurrency business needs to follow in order to comply with both the Australian Corporations and ASIC Acts, but did not cover regulations enforced by other national institutions. Notably, the guideline specified that if a crypto asset is a financial product, then the issuer and firms dealing with it are required to hold an Australian financial services license.
In addition, privacy experts have raised questions about Facebook’s extensive data collection practices and whether any of the data collected by Facebook is being used for purposes that do or should subject Facebook to the Fair Credit Reporting Act.” The Committee asks Zuckerberg to respond to seven questions that will give them a better understanding of how the world’s largest social networking platform is planning to power a digital economy for its 2.5 billion active monthly users.
News The World Economic Forum (WEF) announced the formation of six separate “fourth industrial revolution councils” to work on new technology policy guidance, according to a press release shared with Cointelegraph on May 29.Per the release, the councils intend to help regulators regulate artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine.
Fintech, Blockchain & Crypto Payment Systems
The new implementation of PLMP’s blockchain technology will provide a solution that will enable government leaders to trace products from the initial starting point all the way through delivery while being able to track costs and successes of deliveries.PLMP Fintech has created a vision where they intend to build a blockchain environment that will be different than any other option available.
One of the most prominent is FinChatBot, a South African startup that develops chatbots which help financial service providers acquire and retain customers through conversations powered by artificial intelligence.The other factors that Eichinger believes have shaped the industry include a renewed drive to increase financial inclusion, which in Africa, is being led by mobile money platforms.
News Russia's largest bank, the state-owned Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on the industry, local news agency TASS reports on May 30.Sberbank vice president Andrey Shemetov has reportedly revealed the news at a recent press conference, claiming that Sberbank had been awaiting crypto legislation that would allow it to trade cryptocurrencies.However, Shemetov stressed that the local financial regulator and the central bank, the Bank of Russia, is against the adoption of the crypto space at the moment.
The founder of Ripple-backed XRPL Labs has confirmed that his company’s new app is designed to do much more than let users send crypto from one wallet to another. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” Wind says the idea is to appeal to the mainstream by making both crypto and traditional payments as simple as possible.
The recent pump of the Bitcoin SV (BSV) price comes as a reminder of the importance of the Chinese investors in the cryptoverse, even if crypto exchanges are banned in the country with population of more than 1.38 billion people.
The development is the result of a government-backed project led by SK Telecom, and comprises the development of a new app named SSW (short for Self Sovereign Wallet). Fn News reports that other companies moving to Klaytn include a Russian social media platform and a Chinese talent-sharing platform – as well as a subsidiary of South Korean gaming giant Neowiz.
Previously, Aon stated that the firm was seeing more cryptocurrency-specific protections catering to the new cryptocurrency industry.Anchorage outlined in the post that not all coverage of cryptocurrency custody insurance is equal as most custodians use a combination of hot and cold storage, on which policies may differ.The custody firm stated that it has acquired a crime insurance policy, which ostensibly covers both types of digital asset storage under one policy.When launched in January, Anchorage claimed to be based on the principles of easy access to assets, voting, auditing proof of existence, and quick transactions.
The professional services firm then claimed that the new partnership intended to boost the U.S. dollar-pegged cryptocurrency market by bringing more trust to investors.