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Bitcoin Price Hits its Lowest Level in May and Nears $7000

May 29, 2018 by Jamie Holmes at Bitcoin, Commentary, News, Price Analysis

Bitcoin hit its lowest level so far in May 2018 near $7,000, establishing a new low for the fourth week in a row. The long-term outlook shows shifting momentum in favor of bears that could see a large decline toward the 2018 low and even new lows for the year....

Cross-chain, Secure Cryptocurrency Swaps Made Possible by Faast and Trezor

May 28, 2018 by contributor at Altcoins, Bitcoin, Ethereum, Finance, News

You can now swap between bitcoin and altcoins within hardware wallets like Trezor thanks to the integration of cryptocurrency portfolio app Faast. The rising use of cryptocurrency is marked with a proportional increase in their theft, with over $1.3 billion worth of cryptocurrency stolen in 2018 alone. Undeniably, the safest...

How eToro’s Trading Platform Helps Cryptocurrency Investors Make Better Investment Decisions

May 28, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Finance, News

Online trading and brokerage company eToro provides some features for its customers aimed at helping users acclimate to the platform and then use its several tools to make money. The company began in 2007 as an online trading platform and is now offering services aimed at cryptocurrency investors and traders....

London Needs to Embrace Blockchain Post-Brexit to Stay Relevant Says Leading MEP

London Sticks With Fiat: Here’s Why Bitcoin Has Not Caught Up In The World’s Forex Trading Capital

May 28, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

Since the phenomenal rise of the credit default swap, popularly known in financial circles as the ‘derivative,’ the City of London has been at the forefront of global foreign exchange trading, with a daily forex market value of approximately $5.5 trillion. The Square Mile has gained a fearsome reputation as...

Bitcoin Attracts Opportunity Seeking High-Speed Traders

Institutional Investors May Guide Bitcoin Out of Consolidation Period

May 28, 2018 by Joseph Young at Bitcoin, Commentary, Finance, News

On May 23, technical analyst Peter Brandt suggested that there exists a solid 65 percent chance the price of bitcoin falls to a bottom of $3,505. In response, cryptocurrency researcher and analyst Willy Woo explained that a 2014-like fall to the $3,000 region is unlikely, given the difference in the...

Poloniex Bitcoin Exchange Continues Expansion Push with DEX Acquisition

Poloniex Freezes Customer Trading Accounts For Not Completing KYC: Millions in Funds Locked up

May 28, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News

Poloniex, the world’s 25th largest cryptocurrency exchange by trading volume, caused a stir on Twitter on May 27, 2018, after news that it shall freeze customer accounts unless they provide their personal details to the exchange. Exchanges Giving Away Customer Data Cryptocurrency exchanges are feeling the heat from governments worldwide,...

Chicago Trader Faces Jail Time Over Bitcoin and Litecoin Theft

Vancouver-based Bitcoin Trader Sentenced to Jail in the U.S.

May 28, 2018 by Priyeshu Garg at Bitcoin, Finance, News, Regulation

Louis Ong, a bitcoin trader, has been indicted for running an unlicensed money services business and sentenced to 20 days imprisonment. Ong had been the subject of an HSI investigation and was arrested in 2017 after reneging on an agreement to cease his unlicensed digital currency trading activities. The HSI...

Cryptocurrency Risks Outweigh Benefits: Bank of Spain Governor

May 28, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News

Cryptocurrencies pose more harm than good, according to Bank of Spain governor, Luis Maria Linde. Amidst the warning on May 25, the governor remains confident that the underlying technology powering virtual currencies, the blockchain, has the potential to improve efficiency and reduce costs in the financial sector. Luis Maria Linde....

Former VISA CEO Joins Cryptocurrency Payments Startup

May 28, 2018 by contributor at Altcoins, Bitcoin, Business, Finance, News

Marc O’Brien, the former CEO of Visa in the United Kingdom and Ireland, has recently joined a new cryptocurrency startup, which aims to make crypto transactions a routine habit for its spenders. Crypto-Startups Realise The Value of Experience The startup, Crypterium, was founded by a group of young entrepreneurs who...

“Buy Bitcoin, Dump Altcoins”: Says Blockchain Venture Capitalist, Spencer Bogart

May 28, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Commentary, Finance, News

Spencer Bogart, blockchain venture capitalist and a partner at Blockchain Capital told CNBC that bitcoin is being profoundly institutionalized, getting more use cases and therefore is still a great buy. He also mentioned that some of the altcoins like ether, bitcoin cash or EOS are good to hold, while Cardano,...

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