Daily Cryptos Espresso – 28 May 2019

Bitcoin keeps rising and mixed predictions place it at $10K or $4K. EOS likely to double value. NSA’s ransomware brings Baltimore to its knees. Fake crypto wallets emerging. Many governments jumping on the blockchain/crypto train.

  • Bitcoin is Over $9,000 at Bitmex with a $300 Premium

    TrustNodes    
    28 May 2019

    Bitmex futures have pre-empted all memes by jumping above $9,000 at Bitmex while their perpetual contract, which is sort of like the spot price, is at slightly above $8,700 as pictured above. Interestingly, longs are down too from circa ₿35,000 in February.

  • Crypto Whales Move $242 Million in Bitcoin, Analyst Predicts BTC Burst Beyond $10,000 ‘This Week or Next’

    The Daily Hodl    
    28 May 2019

    The biggest single transfer happened about an hour ago, when a whale moved 6,067 BTC between two unknown wallets. 6,067 #BTC (52,967,923 USD) transferred from unknown wallet to unknown wallet. The move followed a series of Bitcoin transactions totaling 13,156 BTC worth $113.6 million from the crypto exchange Kraken to unknown wallets.

  • 3 Killer Reasons Bitcoin Price Will Smash $30,000 Before 2020: Fund Manager

    CCN    
    28 May 2019

    Bitcoin price will hit $30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. url: "https://www.ccn.com/3-killer-reasons-bitcoin-price-30000-before-2019-end/",

  • Not So Fast: Crypto Trader Drops Bitcoin (BTC) Hype Alert – Plus Ripple and XRP, Ethereum, Bitcoin Cash, Litecoin, Tron

    The Daily Hodl    
    28 May 2019

    One crypto analyst is calling out the hype on Bitcoin’s current rally, telling his 19,000 followers a bull run will only be official once the leading cryptocurrency tops $11,700 – a level BTC tried and failed to pass three times in 2018.

  • Hotshot Silicon Valley Investor Predicts Bitcoin Price Plunging Under $500

    CCN    
    28 May 2019

    Jason Calacanis, a prominent Silicon Valley investor who has helped companies such as Uber and Robinhood to secure multi-billion dollar valuations, has said the bitcoin price is likely to drop to $0 to $500 in the long-term.

  • FOMO Frenzy Triggers Bitcoin Price to ‘Blast Through’ $10,000 This Week, Predicts Analyst

    CCN    
    28 May 2019

    By CCN: Chief Market Analyst at ThinkMarkets, Naeem Aslam, has laid down an enticing marker in an email note to his subscribers to predict bitcoin price booming past the crucial $10,000 milestone. title: "FOMO Frenzy Triggers Bitcoin Price to ‘Blast Through’ $10,000 This Week, Predicts Analyst", url: "https://www.ccn.com/bitcoin-price-break-10000-this-week-fomo-analyst",

  • Bitcoin Price Exploded in 25-Month Bull Rage the Last Time This Happened

    CCN    
    28 May 2019

    With key technical indicators signaling the formation of a bullish trend for bitcoin and the rest of the crypto market, traders have started to consider the possibility of the rally of bitcoin sustaining throughout the short to medium-term without a significant pullback.

  • Bitcoin and Major Altcoins Outperformed by XRP and EOS

    Crypto News    
    28 May 2019

    BCH/USD is currently trading below the USD 435 support and it seems like it could continue to move down towards the key USD 420 support area in the near term. Ripple price also outperformed bitcoin and Ethereum today and climbed above the USD 0.420 and USD 0.440 levels.

  • This Surging Cryptocurrency Spiked 200% in 2019, Could Amazingly Double Before 2020

    CCN    
    28 May 2019

    In this article, there’s a case to be made why EOS is likely to double in value before the year ends. Undeniable inverse head-and-shoulders reversal breakout on the weekly chart | Source: TradingView EOS End-of-Year Target is $12.00 EOS has the potential to climb as high as $12.00 before the year ends | Source: TradingView url: "https://www.ccn.com/eos-spiked-200-cryptocurrency-likely-double-2019",

  • Ethereum Price Analysis: Bulls Eyeing Significant Upside Break

    Live Bitcoin News    
    28 May 2019

    Ethereum price climbed steadily after testing the $231 and $232 supports against the US Dollar.ETH price broke the $262 resistance area, but it is struggling to clear the $280 resistance.There is a key bullish trend line in place with support at $258 on the 4-hours chart (data feed from Coinbase).The price is likely to surge once it clears the main $280 resistance level in the near term.

  • Tron (TRX) Price Rallies Above Key Hurdles: Buying Dips Favored

    Live Bitcoin News    
    28 May 2019

    Tron price started a strong rally after it broke the key $0.0292 resistance area against the US Dollar.TRX price surged more than 12% and traded above the $0.0320 and $0.0350 levels.There was a break above a crucial contracting triangle with resistance near $0.0280 on the 4-hours chart (data feed via Bitfinex).The price traded as high as $0.0371 and it is currently correcting lower towards the $0.0331 support.

  • Could Ripple’s Math Really Be That Off?

    Live Bitcoin News    
    28 May 2019

    Among the issues detailed in the report are: Two quarterly market reports under reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices).The ‘escrow queue’ is implemented differently than announced, leading to a faster future release of escrowed funds compared to the announced schedule.Other party/ parties potentially associated with Ripple have released 55 million XRP from an unknown escrow address not connected to the main Ripple escrow account.

  • Crypto market daily report – May 28, 2019

    CoinGeek    
    28 May 2019

    IOTA also showed positive movement and was trading at around $0.42 at press time on Tuesday, or a 5% increase.Other positive performances included IOST, BAT and ZEC with the latter demonstrating a considerable rise of around 11% overall.Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design.

  • Crypto Events

  • CoinGeek’s Bitcoin scaling conference sold out!!! Live stream available!

    CoinGeek    
    28 May 2019

    The evolution will be televised: CoinGeek’s Bitcoin Scaling Conference is sold out … so we are live streaming it too!The bad news? The conference will see some of the biggest names in the Bitcoin industry world speaking about the importance of scaling and utility but not everybody can get to Canada, right?

  • BitDeer.com Hosts 2019 China Crypto Mining Industry Summit

    CCN    
    28 May 2019

    To date, BitDeer.com has teamed up with eight out of the ten largest mining pools in the world including BTC.com, AntPool, Dpool, ViaBTC, and F2Pool. Unlike other computing power sharing platforms, BitDeer.com merely provides the hardware mining solution for any scale, and never touches any of the rewards. url: "https://www.ccn.com/bitdeer-com-hosts-2019-china-crypto-mining-industry-summit/",

  • Crypto Trading Platforms and Mixers

  • Bitcoin Exchanges Binance and Coinbase Are Driving the World’s Crypto Traffic

    The Daily Hodl    
    28 May 2019

    “In November, prices were tanking across the board and volume was 23% lower than in April, which could mean that most of the buying is currently not happening by retail investors on exchanges but rather in OTC or through APIs, which is usually done by larger traders.” Cermak says he can apply a formula using website traffic to determine which exchanges are faking trading volumes.

  • Yahoo Japan to Enter the Crypto Trading Fray with Nearing Taotao Launch

    CCN    
    28 May 2019

    By CCN: Yahoo Japan has tipped its hand to the upcoming launch of Taotao, its cryptocurrency trading platform. Yahoo Japan acquired BitARG in 2018 and worked to close the deal, leading up to the expected exchange launch by the end of May 2019 despite the recent crypto bear market.

  • Japan’s Yahoo-backed crypto exchange announces launch date

    CoinGeek    
    28 May 2019

    purchased its stake only this past March in an effort to develop a new exchange platform using the BitARG blockchain technology.Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design.

  • Kin Picks a Fight with the SEC in Hopes of Inspiring a New Howey Test

    CCN    
    28 May 2019

    Ultimately, Ted Livingston wants the SEC to take the company to court in the hopes that an updated version of the Howey Test – the 1946 law that currently determines whether a cryptocurrency should be regulated as a security – will be created.

  • Kin Unveils $5 Million Fund to Take Up Legal Battle with SEC

    Finance Magnates    
    28 May 2019

    Revealed by Ted Livingston, founder and CEO of the Canadian messaging platform,  during a crypto-focused podcast named Unchained, the organization is seeking a clear definition of a digital token falling under the category of securities.

  • Crypto Firm QuantBroker Opens New Office in Hong Kong

    Finance Magnates    
    28 May 2019

    QuantBroker stepped into crypto trading world in November 2017 and from then on has released 15 high frequency, market making, interest arbitrage and mixed fund products.” Hong Kong regulators have been recently keen to create an expanded regulatory framework for cryptocurrency exchange platforms as the FSC wishes to offer more robust investor protection.

  • Monfex Proves Their Analysis Methodology is Accurate, Trustworthy

    Live Bitcoin News    
    28 May 2019

    In the cryptocurrency world, there are a host of trading strategies and predictions that investors can follow, but it can be tough to determine which is best. Built with investors and traders in mind, the company has been created and is managed by a widely influential group of market experts, cryptocurrency supporters, and financial experts, with expert Alex Sovpel at the head.

  • Cryptocurrency Mixers and Why Governments May Want to Shut Them Down

    CoinTelegraph    
    28 May 2019

    Cryptocurrencies certainly didn’t contribute to the country receiving the FATF’s lowest rating in terms of Anti-Money Laundering (AML) and KYC compliance back in 2008.Perhaps a pivot toward on-chain anonymization?If governments continue to clamp down on avenues that ensure transactional anonymity, then it stands to reason that developers will create more robust platforms that will be more difficult to police.

  • Scams, Hacks, Bugs and Legal Issues

  • NSA’s Terrifying Bitcoin Ransomware Leaves Baltimore Begging for Help

    CCN    
    28 May 2019

    But if the expenses involved in the recovery process after bitcoin ransomware attacks in other U.S. cities are anything to go by, Baltimore will spend millions of dollars to restore its operations.

  • SEC Sues California Operator Behind $26 Million Crypto Pyramid Scam

    CCN    
    28 May 2019

    As 30% of the recruitment bonuses were paid in Pro Currency-convertible points, the company only had to allocate between 41.5 and 45.5 percent of all its income to pay out bonuses and commissions, according to the SEC. url: "https://www.ccn.com/sec-sues-crypto-pyramid-scheme-operator-26-million/",

  • Popular Private Key Generator Compromised, Fake Crypto Wallets Emerge

    Crypto News    
    28 May 2019

    Security researchers just sent two warnings for crypto users, encouraging to move their funds from adressess generated via WalletGenerator.net after August 2018, and be extra careful when downloading a wallet app from the Google Play store.

  • Roger Ver turns to UK lawyers for help in Craig Wright’s libel claim

    CoinGeek    
    28 May 2019

    Wright’s lawyers expect to hear from Ver’s camp about the latter’s position within 28 days.Wright, who has been on a pursuit of justice against those who seek to deny his claim to being the person behind the pseudonym Satoshi Nakamoto, filed a legal claim for libel against Ver in response to a video on Bitcoin.com’s YouTube channel in which Ver declared: “Craig Wright is a liar and a fraud.

  • German Watchdog Warns Public About Alleged Hiring by Crypto Exchange CoinBene

    CoinTelegraph    
    28 May 2019

    News The Federal Financial Supervisory Authority (BaFin), Germany's financial regulator, has issued a public warning about cryptocurrency exchange CoinBene on May 28.The watchdog says that CoinBene has been recruiting freelance crypto traders who get paid on commission.

  • Australian Securities and Investments Commission Officially Warns Against OneCoin

    CoinTelegraph    
    28 May 2019

    Although one of the leaders of OneCoin was recently arrested, the company was reportedly still operating as of March 2019.On May 7, a former OneCoin investor filed a lawsuit against a number of entities and people involved with the allegedly fraudulent cryptocurrency project.

  • Kik Launches $5 Million Crypto Funding Campaign for Lawsuit Against US SEC

    CoinTelegraph    
    28 May 2019

    The fund will use the custody service of major American crypto exchange and wallet service Coinbase, as revealed in the podcast.The action against the SEC follows Kik’s $100 million initial coin offering (ICO)sale for its Kin token, which was completed in late 2017.

  • Reserve Bank of Malawi warns that crypto is not a legal tender

    CoinGeek    
    28 May 2019

    The RBM is, however, aware that they are used as a means of payments or medium of exchanges, a store of value or invested assets online.”He explained that although members of the public had shown great interest in digital currencies, Malawian authorities do not recognize their use.In his warnings, Kabambe added that the Malawian does not intend to recognize cryptocurrency investments.

  • Cryptopia Turns to a U.S. Court for Account Holder Data Protection

    Bitcoin Magazine    
    28 May 2019

    In the latest development over its security breach, cryptocurrency exchange Cryptopia has filed for bankruptcy protection in the U.S.The New Zealand-based exchange, which has been dealing with the fallout of a January 2019 hack, went into liquidation and stopped all trading earlier this month.

  • Egypt: Central Bank’s Draft Law Requires Licenses for Crypto-Related Activities

    CoinTelegraph    
    28 May 2019

    erhaps a pivot toward on-chain anonymization?If governments continue to clamp down on avenues that ensure transactional anonymity, then it stands to reason that developers will create more robust platforms that will be more difficult to police.

  • Wallets & Payment Systems

  • New Crypto Wallet Accepted by 30,000 Outlets — Lets Users Buy Mobile Data Anywhere

    CoinTelegraph    
    28 May 2019

    Token-holders will be able to purchase products in the Jet8 Shop using their tokens sometime in the second quarter of 2019, the company added.Learn more about the Jet8 platform here“Seamless, pleasant experience”Jet8 emphasizes that its users don’t have to worry about storing private keys, adding that they have the opportunity to receive JetPoints — a “powerful social currency.”The company says one of its main goals has been to “democratize influence,” and this has been achieved by enabling its community to use geo-stickers and geo-frames to show their friends and followers which brands they have been engaging with in real time.

  • WalletGenerator.net was Issuing the Same Key to Multiple Users

    Finance Magnates    
    28 May 2019

    Revealed by Harry Denley, a researcher with MyCrypto.com, the vulnerability with the wallet generator’s open source code available on Github issued identical public and private key pairs to multiple users. This is why it’s so important that the super-random number is actually random…not ‘5.” Ignorant or suspicious MyCrypto also reached out to the developers of WalletGenerator.net and informed about the issue while on the middle running the tests.

  • Blockchain Tools and Developments

  • Introducing ADN — A Powerful ICO Security Blockchain

    CCN    
    28 May 2019

    The company is led by finance and cryptocurrency experts Ron Lim and Jon Ban. The ADN team also involves well-known figures in the blockchain industry like Deep Dive and iRangers CEO Misha Hanin working as ADN Chief Technology Officer, Boris Heismann working as Chief Information Officer, Tad Einstein, working as ADN Vice-Chief Information Officer, Dima Zodek, working as Chief Security Officer, and Rob Zacharias working as Chief Operating Officer. url: "https://www.ccn.com/introducing-adn-a-powerful-ico-security-blockchain/",

  • ARK Launches the ARK Deployer: Enabling Anyone to Create a Blockchain in 3 Simple Steps

    NullTx    
    28 May 2019

    We’re able to focus on developing our business-specific applications while ARK’s open source technology is providing us with a free, efficient and scalable blockchain foundation.” The ARK Deployer is a free-to-use blockchain creation tool available via the ARK.io website.

  • Hong Kong and Thailand Work Together on Crypto

    Live Bitcoin News    
    28 May 2019

    Both regions’ regulatory agencies – the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have each signed what’s known as a “Memorandum of Understanding (MOU)” to further collaborate on what should occur regarding cryptocurrencies in southern Asia.

  • Wipro and Travacoin to Offer Quick Crypto Refunds

    Live Bitcoin News    
    28 May 2019

    In addition, the report also suggests that stronger customer loyalty will be experienced and witnessed across the board due to what it calls “improved convenience.” An Exciting and Easy Way to Refund Customers Whelan comments: As we expand, the plan is to grow the solution to encompass other payment and settlement functions, turning Travacoin into a unique payment solution for the entire travel industry.

  • 13 VPNs Guaranteed to Help You Escape China’s Ironclad Great Firewall

    CCN    
    28 May 2019

    Bitcoin-Accepting VPNs Still Function in China China’s Great Firewall upgrade effectively wiped out numerous VPN providers. One difficulty for VPN providers in China is the initial access to their software. img: "https://www.ccn.com/wp-content/uploads/2019/05/china-great-firewall-vpn-shutterstock-150×150.jpg", title: "13 VPNs Guaranteed to Help You Escape China’s Ironclad Great Firewall", url: "https://www.ccn.com/13-vpns-escape-china-great-firewall",

  • Tippin Enters Version 1.0, Promising New Feature

    Bitcoin Magazine    
    28 May 2019

    Lightning Network app Tippin.me has released a version 1.0 update, which includes a host of new features and promotional measures intended to increase the user base and improve the user experience.Originally launched in December 2018, Tippin was introduced as a novel way to use the Lightning Network to make micropayments easily accessible for a wide range of users by allowing them to send and receive tips over the Lightning Network on Twitter.

  • South Korean government freaks out over crypto bull run

    CoinGeek    
    28 May 2019

    That doesn’t mean they’ve done enough to prepare for if history should repeat itself.CoinDesk Korea reports the South Korean government has held an emergency meeting to discuss the current state of the crypto market and it’s risks for investors.

  • JP Morgan to Add a Privacy Feature on Its Native Blockchain

    Finance Magnates    
    28 May 2019

    The feature was added to the Zether protocol and is moulded to add on any Ethereum-based blockchain, public or private. Discover the Barcelona Trading Conference – A Top Tier Crypto Trading Event Developed by a group of academics and fintech researchers, Zether is a payment mechanism compatible with any smart contract platform, adding a layer of anonymity to the digital currency transactions.

  • South Korea’s Oldest Bank Unveils Lending Platform on Blockchain

    Finance Magnates    
    28 May 2019

    Shinhan Bank, the oldest commercial bank in South Korea, has launched a blockchain-based lending platform to ease the process of loans. According to the bank, it is the first such commercial development using blockchain technology in the country. Few media reports also surfaced that the bank introduced blockchain-based rate swap transactions.

  • Binance Launchpad Alumni Fetch.AI Partners With Deutsche Telekom

    Bitcoinist    
    28 May 2019

    The fact that Fetch.AI is enabling the autonomy of things with an intent to drive real-time intelligent decision making by machines provides a solid value proposition for its use of Blockchain technology Another important factor that drove the success of FET’s IEO is the brand value of Binance and its Binance Launchpad program.

  • Introducing ADN — A Powerful ICO Security Blockchain

    Live Bitcoin News    
    28 May 2019

    ADN Coin CEO Ron Lim shares, “ADN will provide a new way of doing ICOs. We are excited to showcase the investment security features of our platform.” “We aim to be successfully listed on 30 exchanges by the end of August of this year, and we are looking to work with developers and companies that plan to hold their ICOs on our platform, which will be launched later this year.” For more information, check out their official online channels.

  • Protocol Enables Real-World Assets to Be Tokenized on Bitcoin SV Blockchain

    CoinTelegraph    
    28 May 2019

    James Belding, the company’s founder and CEO, noted:"There is still a lot of work to be done in educating regulators, however, we are confident that all of the pieces are now in place to allow the protocol to be adopted globally as a replacement for all of the current financial messaging protocols."The company says its platform makes it possible for legal authorities to issue digitally signed court orders that can lead to smart contracts being frozen, also opening up the potential for tokens to be confiscated.

  • South Korean Government Talks of ‘Overheated’ Market as Cryptos Soar

    Crypto News    
    28 May 2019

    The South Korean government has held meetings with ministries to address skyrocketing cryptocurrency prices, while trading volumes rise quickly at domestic exchanges. The media outlets quoted a government spokesperson as saying, “Cryptocurrency prices have been rising steadily in recent years, so we are closely monitoring the market now.

  • Russian State Tests Blockchain-Based Application for Public Administration

    CoinTelegraph    
    28 May 2019

    The National Center for Informatization of Rostec State Corporation will reportedly oversee the implementation of the platform nationwide.As previously reported by Cointelegraph, the Russian state-owned holding conglomerate Rostec drafted a proposal for a five-year national blockchain strategy that would purportedly generate 1.6 trillion rubles ($25.4 billion).According to the ForkLog report, Rostec and Vostok signed a partnership agreement to implement blockchain tech into the Russian Federation’s digital infrastructure.

  • Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform

    CoinTelegraph    
    28 May 2019

    s previously reported by Cointelegraph, the Russian state-owned holding conglomerate Rostec drafted a proposal for a five-year national blockchain strategy that would purportedly generate 1.6 trillion rubles ($25.4 billion).According to the ForkLog report, Rostec and Vostok signed a partnership agreement to implement blockchain tech into the Russian Federation’s digital infrastructure.

  • JPM Develops New Privacy-Enhancing Tool for Payment Mechanisms on ETH Blockchain

    CoinTelegraph    
    28 May 2019

    The protocol uses zero-knowledge proof (ZKP) technology and was developed by researchers from Stanford University and Visa Research earlier this year.JPM reportedly plans to release its extension as an open-source today, and will implement the tool on Quorum, the bank’s private blockchain platform built on the Ethereum protocol.In an interview with Coindesk, JPM’s head of Quorum and crypto-assets strategy Oli Harris outlined the function of the new extension, explaining that:“In the basic Zether, the account balances and the transfer amounts are concealed but the participants’ identities are not necessarily concealed.

  • World’s Second and Fourth Biggest Shipping Firms Join Maersk’s Blockchain Platform

    CoinTelegraph    
    28 May 2019

    Integrating Internet of Things and sensor data, the platform is capable of tracking containers, as well as a number of variables such as temperature control and container weight.Recently, the World Economic Forum partnered with more than 100 global supply chain and logistics leaders to standardize blockchain apps in the industry.

  • South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

    CoinTelegraph    
    28 May 2019

    The Finnish crypto trading platform is especially popular in Latin America, with Venezuela and Colombia having reportedly accounted for 85% of LocalBitcoins’s trading volumes by February 2019.According to data from crypto analytics website Coinhills, the South-Korean won is one of the most popular national currencies trading against bitcoin.

  • Iran Developing National Blockchain Platform on IBM Hyperledger Fabric

    CoinTelegraph    
    28 May 2019

    Analysis The Central Bank of Iran (CBI), via its Informatics and Services Corporation (ISC) and in conjunction with Areatak — a Tehran-based blockchain solutions provider — is developing a national blockchain project for its banking and financial sector.Called the Borna platform, Iran hopes to use the project to revamp its banking ecosystem, creating a digital financial economy that will replace the current legacy system.

  • First Bank-Owned Crypto Exhange Brings Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH) to Institutional Investors With Deep Pockets

    The Daily Hodl    
    28 May 2019

    The first bank-owned crypto exchange plans to expand its services from retail traders to institutional investors. Prioritizing customer asset protection, the SBI Group will make use of its synergies between current businesses, such as securities and FX, to acquire new customers.” SBI Holdings offers a long list of services to its customers, from brokerage and investment banking to foreign exchange services.