Bitcoin Price Spikes Within Inches of $5,500 Despite China FUD

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The bitcoin price bounded to a new 2019 high on Wednesday, sneaking within inches of the $5,500 mark midway through the afternoon US trading session. Bitcoin Price Flirts with $5,500…

Streisand Effect? Bitcoin (BTC) Weather Through FUD, Bulls Firm

Bitcoin prices steady above $5,000 Volumes drop by 80 percent from 54k of Apr 2 to 11k of Apr 9 Even with FUD around China’s NDRC proposal of banning Bitcoin and crypto mining, prices are steady. It is up 7.4 percent from last week’s close as buyers aim at Q4 resistance previous support at $5,800–$6,000. Bitcoin Price Analysis Fundamentals It’s a new milestone for Bitcoin. For the first time this year, the network processed more than 400 million transactions, up 50 million from daily averages of around 350 million. With…

QuadrigaCX Starts Bankruptcy Proceedings | Bitcoin Magazine

It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million. On April 8, 2019, the case reached a critical fork in the road as a court, recognizing that attempts to restructure the exchange have failed, appointed business services firm Ernst & Young as the exchange’s Trustee in Bankruptcy to watch over bankruptcy proceedings. It will also assume control of all of QuadrigaCX’s assets. Ernst & Young Takes Control With QuadrigaCX moving…

New York Denies Bittrex BitLicense Application Citing Inadequate Compliance

The New York Department of Financial Services (NYDFS) has denied a BitLicense application from the Bittrex cryptocurrency exchange on April 10. In a letter to Bittrex CEO Bill Shihara, NYDFS explained that the exchange had inadequate policies and controls regarding Anti-Money Laundering (AML), Know Your Customer (KYC) and Office of Foreign Assets Control (OFAC) standards. Bittrex applied for its BitLicense — which is required to conduct virtual currency related business in the state of New York — in August, 2015. Bittrex had been operating under the terms of a “safe…

Ethereum (ETH) Will be a Global Settlement Layer and Prices Rise 1000X

Ethereum prices in an uptrend, add 9.3 percent Break above $190 and $200 ought to be with high transactional volumes ConsenSys are building and developing infrastructure, apps, and tools useful in the Ethereum ecosystem. That will support prices forming the base for Ethereum (ETH) rockets aiming at $250 or higher. Ethereum Price Analysis Fundamentals Joseph Lubin is the co-founder of Ethereum and the founder of ConsenSys, and he is optimistic of Ethereum’s future. Being a billionaire, Joseph is an influencer and is actively driving Ethereum to the masses. Through ConsenSys–which…

Bitcoin Might Blindly Chase the Dow into the Next Financial Crisis

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Be careful what you wish for. The crypto community continues to beg big investors to get on board with bitcoin, but there could be some unintended – and alarming –…

Ripple (XRP) Partner Secures a Digital Remittance License, Price Bounce off 34 Cents

Ripple (XRP) prices back to green, stable above 34 cents MoneyMatch, a Ripple partner, based in Malaysia now has a remittance license Malaysia’s MoneyMatch is about to graduate from the country’s regulator sandbox and now have a digital remittance license. As a Ripple partner, this is bullish. Building and partnership will eventually form the base and jolting Ripple (XRP) from current stagnation to above 40 cents. Ripple Price Analysis Fundamentals Ripple Inc has acres of space to cover before it effectively competes with SWIFT. And that is not to say…

South Korea State Defense Arm DAPA to Build Blockchain Platform for Military Acquisition

South Korea’s Defense Acquisition Program Administration (DAPA) plans to improve the reliability of data in the arms industry by using blockchain, the agency announced in a press release on April 10. The state arms procurement agency says it is seeking to use a blockchain platform to enable the secure sharing of data about military acquisition projects between relevant governmental organizations and to eliminate data forgery. According to the press release, the new initiative will involve such organizations as the Agency for Defense Development and the Defense Agency for Technology and…

Bitcoin’s Meteoric Surge Exposes Bitter Irony of Russia’s Crypto Skeptics

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. For anyone thinking of promoting bitcoin as an investment, Russia might not be the ideal place to set up shop. According to the Russian Public Opinion Research Center (VTsIOM), around…

Bitcoin Price and Stocks Do Not Correlate, Indicates Latest FRED Data

Cryptocurrency and stock price movements do not correlate with each other, indicated the latest Federal Reserve Economic Data (FRED). The data pitted S&P 500 index performance against the cryptocurrency index managed by US-based Coinbase crypto exchange platform. The results were some interesting shaky lines – often going in the same but mostly in the opposite directions. FRED merely indicated how those two trended between a specified period – beginning in October 2018 and ending in April 2019. But the organization backing the database didn’t clarify anything further. Rise in Correlation…