Ripple Plagued by Fake Trades

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. Deception runs rampant within the cryptocurrency trading industry. Unethical bitcoin exchanges openly allow wash trading, a shady practice long ago expunged from mainstream finance. Scrubbing out these fake trading volumes…

Bitcoin (BTC) May surge 10X and Xapo CEO Suggest Investment

Bitcoin price steady above $5,000 Arthur Hayes projects Bitcoin at $50,000 Analysts are bullish. Of the many, Arthur Hayes of BitMex believes fundamentals are aligned pricing BTC at $50,000. With such a valuation, BTC will outperform traditional assets. Because of that, Wences Casares of Xapo suggests investing one percent of an investment portfolio in the digital asset. Bitcoin Price Analysis Fundamentals Price leads sentiment and right now, Bitcoin is on an uptrend. After 15 months when prices slid from $20,000 to lows of $3,200, there is relief that the market…

Bitcoin Hovers Near $5,100 as Top Cryptos See Mixed Movements

Sunday, April 14 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) hovers near the $5,100 mark. Market visualization courtesy of Coin360 Bitcoin has seen nearly no change on the day, trading at around $5,098 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is also nearly a percent lower than the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap The overall institutional investment in Bitcoin futures on the Chicago Mercantile…

Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research

Bitcoin (BTC) prices and altcoin prices could have already hit their lowest point, new analysis from cryptocurrency exchange Binance concluded on April 11. In the latest edition of its research bulletins, the exchange’s dedicated analytics arm, Binance Research, investigated various current phenomena and trends within cryptocurrency markets. Among them was correlation between Bitcoin and altcoin prices, data from 2014-2019 confirming that the 90 days to mid-March represented the longest period of high correlation in market history. According to historical behavior, such periods tend to trigger trend reversals. The 90 days…

SEC Required Two ETF Funds to Take Blockchain Off Their Tickers

The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter. The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings. Per Bloomberg’s unarmed interlocutors, the two funds were encouraged to change their names at the last minute in 2018. Despite eliminating the word “blockchain,” the funds’ tickers still refer to the technology. Ampilfy’s funds are traded as BLOK, while the product is described as…

Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media

Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14. SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform in India, the United States and Europe. As per the agreement, the two companies will reportedly seek more business opportunities in the region. Moreover, Samsung SDS will cooperate with Tech Mahindra on further Nexledger updates. Nexledger, a blockchain security platform…

Harvard Endowment Invested up to $12.65M in Blockstack Token Sale

Harvard’s $37.1 billion endowment fund has reportedly invested $12.65 million in Blockstack. The New York-based blockchain toolmaker lately applied with the Securities and Exchange Commission (SEC) to raise $50 million. The application submitted to the US securities regulator detailed the name of Blockstack’s advisory members. Among those names was Charlie Savaria, one of the recently appointed managing directors for the Harvard Management Company. Mr. Savaria, according to the document, alongside other six advisory members purchased an aggregate of 95,833,333 BlockStack digitized equities, called Stack Tokens (STX). At the time of…

Indian Banks Consider Promoting Blockchain Tech Use for Payments

The National Payments Corporation of India (NPCI) is considering implementing blockchain technology to increase the strength of digital transactions, Indian business magazine Business Today reports on April 14. The initiative of ten banks, under the aegis of the Indian Banks’ Association (IBA), aims to improve the NPCI by implementing distributed ledger technology, the publication underlines. The NPCI, an umbrella organization that operates retail payments and settlement systems in India and includes 56 national banks as stakeholders, was set up with the guidance and support of the Reserve Bank of India…

IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12. According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no money value and thus is not a real cryptocurrency, the FT underlines. As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where…