Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger

Telecom giant Samsung has invested 2.6 million euros ($2.9 million) into crypto wallet manufacturer Ledger, the French financial publication Capital reports. The investment gives the France-based startup a nearly $290 million valuation, per the report. The news came shortly after CoinDesk Korea reported that Samsung is developing a blockchain platform and native digital asset of its own. The project, which is being conducted by the South Korean tech giant’s blockchain division, is reportedly based on Ethereum’s network and the resulting cryptocurrency is dubbed “Samsung Coin.” CoinDesk Korea cited an anonymous…

Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

Summary: After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support. The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close above the $5,600 level. Major resistance lies just overhead in the upper…

With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period. According to its report, the firm has originated over $1.53 billion since its trading service was launched in March 2018. In addition, the company’s total active loans increased to $181 million, a 17 percent increase over Q4 2018. “We expect to see sustained growth in the lending market in Q2,” the report reads. “As crypto prices have rallied, we have seen an acceleration of crypto…

Nike to Launch Crypto Called Cryptokicks? Trademark Application Hints Yes

The crypto community has known for a while that Facebook might be issuing its own cryptocurrency. And now, it appears the online behemoth might have a little competition. Reports have surfaced that athletic apparel manufacturer Nike is thinking of doing the same. The Oregon-based company even has a name for its digital currency: cryptokicks. Nike Cryptokicks Coming Soon? On April 19, Nike filed a trademark application for ‘cryptokicks.’ The application said cryptokicks could be used by an online community. The application also describes an electronic marketplace for clothing and footwear.…

Is TD Ameritrade Working to Enter the Crypto Industry?

TD Ameritrade is a financial services company and provides a trading platform through which users can trade stocks, mutual funds, investments, and much more. TD Ameritrade has reportedly around 11 million users. TD Starting Crypto Trading? Rumors are circulating all over the internet that this company is already in testing phases of crypto trading in association with ErisX. ErisX is a Chicago-based company, and according to the rumors, it is developing and testing a beta version of crypto trading on TD Ameritrade’s online trading platform. However, this news is not…

SEC, CFTC Issue Investment Warning on Crypto Scams

Sensing a rise in crypto-related scams and fraudulent investment schemes, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space. The warning was published on April 24, 2019, by the SEC’s Office of Investor Education and Advocacy and the Office of Customer Education and Outreach at the CFTC. In the notice, the agencies described crypto-related investment scams in which perpetrators — disguised as cryptocurrency…

Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors. Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors. According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining “by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service…

Bitcoin Faces Deeper Price Pullback Before Rally Continuation

View Bitcoin fell more than 1 percent yesterday, confirming a bearish divergence of the 14-day relative strength index, an early sign of bearish reversal. BTC risks falling to levels below $5,000 in the next few days. A strong bounce from the crucial 30-day moving average (MA), currently at $4,969, would revive the short-term bullish outlook. The long-run outlook will remain bullish as long as the price is holding above the former resistance-turned-support of $4,236 (Dec. 24 high). Bitcoin (BTC) may revisit sub-$5,000 levels in the short-term, as a widely followed…

Ledger Appoints Its President Pascal Gauthier as New CEO

French hardware crypto wallet producer Ledger has named its president, Pascal Gauthier, as the new chief executive officer of the company. The news was announced in a press release published on April 24. Gauthier —  a seed investor and board member —  initially joined Ledger as its president, and will now reportedly be in charge of executing the company’s strategy and delivery of its products. In his letter, Gauthier said that he “will focus all of [his] attention and energy on growing an amazing tech company on both the retail…

Samsung Invests $2.9 Million Into Crypto Wallet Startup Ledger

Hardware cryptocurrency wallet manufacturer Ledger has secured 2.6 million euro ($2.9 million) from electronics giant Samsung, a company spokesperson told Cointelegraph on April 24. While the Ledger spokesperson confirmed the investment, no further details beyond the initial investment amount were provided. The news follows the appointment of Pascal Gauthier, the firm’s former president, as its new CEO. Former CEO Eric Larchevêque will now serve as Executive Chairman of the Ledger’s Board. He said in a letter that “in this role I will be able to properly focus on strategy and…