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Mike Novogratz, a prominent cryptocurrency investor, and CEO of Galaxy Investment Partners has toned down his optimism, reiterating that he doesn’t expect a price surge in the price of Bitcoin until institutional adoption occurs, which could happen in the first half of next year. Speaking with Bloomberg’s Erik Schatzker on “Bloomberg Markets: The Close,” the
The post Novogratz Says Cryptos Are Safe, Expects Bitcoin to Rally In Q1 2019 appeared first on CCN
The 9th biggest cryptocurrency in the world, according to CoinMarketCap, Cardano is in the green and seeing some small gains as it gains its feet. The open letter of Charles Hoskinson and the petition to get rid of the Cardano Foundation Chairmen is a hot topic in the market. Furthermore, Hoskinson shares the Cardano updates that will be coming in the near future.
Cardano has a market cap of $ 1.9 billion and is in the green by 0.63% at the current time of writing and so today has been a good day overall for the currency as it keeps up its upward momentum.
Bubble-phobic Civic CEO, Vinny Lingham, has been sounding off about blockchain and cryptocurrency at an event in Johannesburg. His address covered mass adoption in the blockchain industry, and the likelihood of another bitcoin bubble.
Lingham cited lack of use cases and scaling issues as current barriers to mass adoption of cryptocurrency. Although the primary uses of cryptocurrency are money transfers and trading, he saw this broadening as the market matures.
He also felt that developers and startups should be in it due to belief in their project goals, rather than the amount of money they can make. Lingham said:
The South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies.
Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision
Hong Nam-ki, Chief of the Office for Government Policy Coordination, conveyed during a parliamentary audit on Thursday that “The Korean government is likely to announce its stance on the much–disputed status of initial coin offerings [ICOs] in November,” the Investor reported.
Spencer Dinwiddie is not “rich” by professional athlete standards. Currently, he makes around $ 1 million a year before taxes from his NBA contract. The 38th overall pick in the 2014 NBA draft at the age of 21, Dinwiddie has already played on three professional teams. Currently, he plays for the Brooklyn Nets and has a
The post Budding NBA Star is a Bitcoiner, Says His Shoe Brand Will Accept Crypto appeared first on CCN
Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the world’s 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted
The post Bitcoin is Not a Legal Tender in Zambia, Says Central Bank appeared first on CCN
On October 3, the price of Tether fell by more than 1 percent, creating a premium on crypto exchanges for traders purchasing major digital assets like Bitcoin with the stablecoin. In an exclusive interview with CCN, respected cryptocurrency trader and analyst Alex Krüger stated that Tether will likely not crash in the short-term, but the … Continued
The post Interview: Trader Says Tether Will be Replaced by New Stablecoins, Better for Crypto appeared first on CCN
Having launched a crypto-based Point-of-Sale (POS) device earlier this year with the goal of making cryptocurrency payments easier on the go, Pundi X now claims to have made the first blockchain phone call, according to a recent Medium post by the company co-founder Pitt Huang. The call was made on the startup’s newest device, called
The post Crypto Startup Pundi X Says That it Made the ‘First Blockchain Phone Call’ appeared first on CCN
Middling cryptocurrency exchange YoBit has an unusual plan to attract more traders to its platform: randomly pump coins to artificially drive up their prices. In a Tweet published this morning, the exchange, apparently based out of Russia, said that on Thursday it will inject 10 BTC (~$ 66,000) into 10 random markets. “We will buy one
The post Cryptocurrency Exchange Says it Plans to Nakedly Pump Random Coins appeared first on CCN
During an interview with Investopedia on Oct. 5, Tron CEO Justin Sun stated that its developer community is more vibrant and active than Ethereum. When asked by the publication to provide five reasons why Tron is better than Ethereum, Sun said: “At TRON we always emphasize the importance of accessibility and our dedication to the
The post Tron Says its Community is More Active Than Ethereum, Hackathon Shows Otherwise appeared first on CCN
Last Friday, a partner at the crypto focused venture capital firm, Blockchain Capital has claimed that he believes Bitcoin price is about to surge after it soon finds it’s ‘bottom’.
This year, the crypto market has seen some massives changes, highs and lows all over the board but last week the markets seemed to be generally positive. On Wednesday, TD Ameritrade announced their investment in an exchange called ErisX in order to let consumers invest in digital currencies on a regulated platform.
Continue reading Crypto Expert Says Bitcoin Is Ready To Surge at Crypto Daily™.
People who have lost their entire savings to fraudulent bitcoin investment schemes advertised on Facebook are turning suicidal, Martin Lewis says. The U.K.-based consumer advisor, who runs MoneySavingExpert.com, blamed Facebook for causing the financial catastrophe by promoting scam ads on its trusted social network, many featuring himself. Lewis in April launched a lawsuit against the
The post Bitcoin Scam Ads are Destroying Lives, Says Money Expert Suing Facebook appeared first on CCN
Cryptocurrency exchange Coinbase says Adam White, who leads the institutional platform group, is leaving the company. White was the fifth employee of Coinbase.
A top Coinbase executive, only the company’s fifth employee, is moving on.
According to Bloomberg, Adam White, who is the leader of Coinbase’s institutional platform group, is exiting the company. A Coinbase spokesperson noted via email how it was “extremely sad” to see White leave, but expressed confidence in:
That group’s ability to keep executing on the vision that he laid out to be the most trusted venue for institutional investors to trade cryptocurrencies.
The Bitcoin price bottom is “near,” but the largest cryptocurrency still shows signs of being “overbought,” new research released October 1 claims.
In the latest installment of his ‘Bitcoin Value Indicator,’ tech commentator Hans Hauge brought together multiple factors to create an overview of the Bitcoin price which he says allows investors to “understand what’s going on.”
Hauge notes that increasingly strong technical fundamentals are contrasting with continuing price deflation, suggesting a price bottom will soon appear.
The number of unique addresses using the network, hash rate, and total transaction numbers are all up on previous readings — while prices remain down — he summarizes.
The bullish trend isn’t going to be for at least a few more months, according to a technical expert from Fundstrat Global Advisors. He holds that time is needed for the market to recover the technical damage developed through the year.
At the time of writing this, Bitcoin (BTC) 00 marks a slight decrease of less than one percent for the last 24 hours. The market’s leader also managed to stand its ground for the last week as.
However, having peaked at around $ 7,400 earlier in September, the cryptocurrency trades about 13 percent below its monthly high.
With the Ripple Swell conference now underway, Bill Clinton, the conferences keynote speaker has spoken out about his view on blockchain technology and his optimism regarding the blockchain as a power for the future. In his speech, Clinton remains very bullish about the possibilities of the blockchain, although does highlight some concerns in the way governments are handling it, stating that bad economic and social policy could one day destroy the whole industry, if we allow regulators to clamp down.
The legal saga surrounding alleged bitcoin launderer Alexander Vinnik continues to grow more complicated, as law enforcement officials in three separate countries jockey for the authorization to extradite the alleged BTC-e administrator from Greece, where is currently in local police custody. Russian state-operated news service TASS reports that French investigators questioned Vinnik on Monday in
The post Alleged Bitcoin Launderer Alexander Vinnik Questioned by French Investigators, Lawyer Says Charges are ‘Trumped up’ appeared first on CCN
BitFund founder and well-known Bitcoin holder Li Xiaolai said that he is going to stop personally investing into blockchain projects. Instead, he’s focusing on a career change.
One of China’s biggest Bitcoin (BTC) 00 holders, Li Xiaolai, caused a huge stir in the local cryptocurrency community after he announced via Weibo that he would now demur from personally investing into blockchain projects.
According to TechNode, Li wrote:
Noted Crypto investor Michael Arrington announced in a Friday tweet that his firm Arrington XRP Capital is no longer investing in U.S. token deals. The news comes after the firm received its second subpoena from the SEC. Arrington states that the subpoena was seeking information regarding the firm’s role as an investor in a US based company.
Arrington’s announcement is disheartening, but not particularly surprising. The crypto industry continues to expand and mature, but the US government so far has been reluctant to establish clear regulatory guidelines for firms operating in the space.
Binance, the world’s most popular cryptocurrency exchange, may be ready to release a public beta for its upcoming decentralized exchange (DEX) built on the Binance Chain, the company’s own blockchain, by the end of the year. According to a recent announcement by Binance CEO Changpeng “CZ” Zhao, the company is pushing hard to release the beta by year’s end, […]
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