Jim Cramer, host of CNBC’s Mad Money, argued that Bitcoin may have reached its peak. His comments come as the cryptocurrency market dropped below $200 billion in value, with Bitcoin struggling with the $6,000 mark. In June 2018, the former hedge fund manager said the leading virtual currency could eventually be worth $1 million one...The post Mad Money Host Jim Cramer Argues That the Tide is Turning Against Bitcoin appeared first on NewsBTC.
CBOE Global Markets Inc. could well become the first company to win approval for a bitcoin ETF, but whether that coveted accomplishment materializes remains to be seen. For his part, Chris Concannon, CBOE’s president and CEO, said that he is optimistic that the Securities and Exchange Commission will grant his wish, but he recognizes that … ContinuedThe post CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action appeared first on CCN
Counter to its initial announcement, marijuana culture media group High Times will not to accept Bitcoin in its IPO
Fantasy sports club the Crown League announced today the launch of the first blockchain-based professional fantasy football league that will run in tandem with the upcoming National Football League (NFL) season. Players will be able to own part of their fantasy franchises, as well as the league, through the blockchain, which will grant them rights...The post Fantasy Football Club Crown League to Use Blockchain to Operate eSports Platform appeared first on NewsBTC.
In two short weeks, ETHUSD was devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease:Figure 1: ETH-USD, 1-Day Candles, Macro TrendAs a general idea of just how extended the market is, take a look at the 50 EMA (the blue curve) in the image above. The 50 EMA acts as a fast-acting equilibrium curve that shows the price relative to its price history. Currently, the market is highly separated from its equilibrium. Often, when this happens, the market goes through a capitulation phase that has a very strong reaction causing both short profit taking and bottom-callers to shove the price strongly back in the direction it came from.The 127% Fib extension of the most recent bullish rally on ETHUSD reveals a likely target for this capitulation. Historically, this price level (the $230 area) has also served as a key area for buyer interest to step in:Figure 2: ETH-USD, Daily Candles, 127% Fib ExtensionOur current trend is showing an expansion of volume and price spread — very similar to the two v-bottom reversals shown above. Right now,...
Playboy Enterprises, the parent company of Playboy Magazine, is suing cryptocurrency company Global Blockchain Technologies (GBT) on allegations of fraud and breach of contract, according to a report from L.A. Times. The company had announced a partnership with GBT earlier in March, upon revealing that it was developing an online payment wallet with cryptocurrency supportThe post Playboy Sues Cryptocurrency Company for Breach of Contract appeared first on CCN
Joining a recent trend, the blockchain-based asset management company now boasts ENS compatibility.
It is hard to ascertain whether the digital age was born out of the internet or vice versa. One thing that is for certain is that we now live in a new epoch. More than half the people on the planet have regular access to the internet, which presents an overwhelming opportunity for innovation, creativity […]
A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaçao and Sint Maarten. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China […]The post Caribbean Central Bank Explores Issuing Its Own Digital Coin appeared first on Bitcoin News.
Under the new framework, Wyre's regulated money transfer infrastructure will be used to facilitate the instantaneous movement of “fiat currency directly into and out of Dai,” thereby removing the unpredictability of “speculative cryptocurrencies like Ethereum and Bitcoin” and benefiting from the speed and security of the blockchain, a press release for the announcement states. The arrangement is designed to give customers a quick and secure money transfer protocol that offers full regulatory compliance.“Pairing Dai to Wyre’s trading engine and global fiat on-ramps and off-ramps will enable nearly-instant movement of funds across borders. By decreasing the amount of time it takes to clear payments, businesses can increase the number of payment cycles, therefore increasing revenue. Remittance platforms or crypto services can also settle instantly in Dai rather than using international wires which can take up to 48 hours,” the release continues.Through the partnership, Wyre now offers prospective users an Access Point Interface (API) to connect their bank accounts to the blockchain through Dai, while taking care of KYC/AML compliance and onboarding concerns. Using the API, users can now trade Dai against many of the world's major fiat currencies and cryptocurrencies including USD, GBP, EUR and more.Speaking with Bitcoin Magazine, Rune Christensen, CEO of MakerDAO, said the alliance would be beneficial to A...