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Financial blog

Financial blog

John McAfee Says He Will Reveal Who Satoshi Nakamoto Is

John McAfee

According to a Bloomberg report, notorious crypto enthusiast and antivirus software maker, John McAfee, claims to have spoken with Bitcoin creator Satoshi Nakamoto. Further, he says he will reveal this person’s identity.

John McAfee Claims to Know Satoshi Nakamoto

When this reveal will be, however, remains unclear, despite McAfee initially telling Bloomberg he would expose Nakamoto “within a week.” McAfee said yesterday that the controversy his announcement would bring could damage his efforts to fight extradition to the US. Saying in a Twitter post:

“Releasing the identity of Satoshi at this time could influence ...

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Bitcoin Price Surges to a New 2019 High: $5,600 and Climbing

bitcoin price

The crypto market has been surging this week and Bitcoin price continues to pull up, breaking through resistance to establish a new 2019 high. Its market capitalization is increasing, reaching around $180 billion.

Bitcoin Breaks Resistance

According to TradingView, Bitcoin surprised many in the past week after breaking resistance and surging to $5,640. In the last trading session, Bitcoin price gained 4%, surging from $5,480 to $5,640. A crypto asset trader who is known as “Crypto Rand” has indicated that Bitcoin is likely to increase to $6,000 based on the recent performance in April.  In April, ...

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Binance DEX Now Live! Create Your Wallet and Expect Trading Soon

On Tuesday, April 23, Binance announced that its much-awaited decentralized exchange is now live. Here’s what we know so far about the Binance DEX.

Binance DEX Now Live

Today, Binance, a top crypto exchange, said that the Binance DEX is now live. Trading has not yet commenced, but users can create wallets on the new decentralized exchange (DEX).

Tuesday’s launch of Binance DEX is significant for more reasons than one. For starters, the exchange has gone live well ahead of schedule; and it comes one week after Binance Chain, its native blockchain, went live. ...

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Bitcoin Golden Cross: Market Rallying on First Golden Cross Since 2015

Bitcoin Golden Cross

The cryptomarket is rallying today from the emergence of a Bitcoin golden cross. Now, the majority of the top ten cryptocurrencies by market cap are in the green according to CoinMarketCap.

Bitcoin Golden Cross

Leading the rally with a 5% gain at the time of writing is Bitcoin (BTC). The current price of $5,599 USD per coin is a new high for Bitcoin in 2019, and the bulls are excited.

But the news gets better for Bitcoin fans because, as stated, the first Bitcoin golden cross since October 2015 has formed. A golden cross ...

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IIN Blockchain Expanding: How JPMorgan Wants to Improve Banking

IIN

American investment and commercial banking giant JPMorgan Chase is looking forward to expanding the use of its leading blockchain technology, IIN (Interbank Information Network), to make payments in the banking industry easier and better. At the same time, it is also roping in various fintech firms to help with the platform’s functionality.

IIN New Features

JPMorgan is planning to include new features in IIN to minimize transaction errors. IIN already helps in solving compliance issues. It was primarily built to share information on a common ledger. It is being used by 75 major banks around the ...

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Ripple Startup Launches XRPayments App: Available on iOS and Android

XRPayments

It’s no secret Ripple has been looking for more mainstream adoption. And, based on XRPL Labs’ recent announcement, it appears XRP is on its way to achieving just that. News surfaced this week that XRPL Labs, a Ripple-backed startup, has rolled out a new payments app called XRPayments.

Here’s why the app is important.

XRPayments App Available on iOS and Android

The launch of the app makes considerable sense. Not just because Ripple itself is trying to bring more attention to XRP, though. XRPL Labs has also been trying for more use and adoption ...

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Moon Payment Means You Can Shop on Amazon Using Bitcoin!

Moon Payment

If you want to buy things on Amazon using Bitcoin, you now can. All you need is the Bitcoin lightning network and crypto payment processing startup Moon.

In time, the service will extend to many e-commerce sites also, not just Amazon. Let’s check this out.

Moon Payment Processing

The startup announced today that any lightning-enabled wallet can now be used through Moon’s browser extension.

Before this, the service could be used by connecting the browser extension to exchange accounts like Coinbase.

According to Moon CEO Ken Kruger, it works like ...

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Cryptocurrency Bear Market Wanes: Going through Accumulation

cryptocurrency

In recent weeks various industry observers have indicated that the cryptocurrency market is experiencing a bullish run.  The notion has received more support with a fresh report implying that the bear market is actually waning and it is in the accumulation phase.

Heavy Accumulation

According to a recently published report by Adamant Capital, Bitcoin is already experiencing heavy accumulation, and the phase will bring its price to between $3,000 and $6,500, at least until the bullish run gains momentum. Bitcoin whales are already accumulating the major cryptocurrency synonymous to the 2014-2015 bear market, indicating that the ...

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Coinbase Crypto Services Expand to 11 New Countries: Why it’s Important

Coinbase crypto services

On April 17th, word went around that Coinbase crypto services will be expanding to 11 new countries. And the information is true. According to the crypto exchange, Coinbase will expand its crypto-to-crypto conversions and trading services to Colombia and Mexico, among other countries.

Here’s what we know.

Coinbase Expanding Crypto Services

Based in San Francisco, USA, Coinbase said in a blog post on Wednesday that customers in 11 new countries now have access to its crypto-to-crypto exchanging services. These services, according to the crypto exchange, will be on Coinbase, and Coinbase Pro as well. ...

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SIRIN Labs Loses One Quarter of Its Staff to Poor Finney Sales

SIRIN Labs

According to media site Globes, the team behind blockchain smartphone Finney has laid off a quarter of its workforce. Sirin Labs has let go of 15 team members after overestimating sales of its innovative device.

The company said it had received 160,000 Finney pre-orders in late 2018, so what’s happened?

Sirin Labs Loses Workforce

The company has said in late 2018 that it only needed to sell 80,000 devices in order to make a profit. Now it seems, not only have those pre-orders not translated to actual sales, it hasn’t managed to hit the ...

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Rakuten Launches Cryptocurrency Exchange for Customers

Rakuten

Rakuten has begun accepting applications for accounts for its anticipated cryptocurrency exchange called “Rakuten Wallet.” The company announced that pre-registration is available for customers with Rakuten Bank, but further details as to whether the service will be available for everyone has not yet been revealed.

The company previously stated that the crypto exchange will commence business in June 2019 and it will come with a mobile app that allows trading of crypto assets.

New Crypto Exchange for Customers

Rakuten had a revenue of $9 billion in 2018, and the decision to support cryptocurrency is ...

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Proof of Capital: A New Blockchain Venture Fund Worth $50 Million

Proof of Capital

A new blockchain-focused venture capital fund called Proof of Capital has been established by a group of investors. The aim of the $50 million USD fund is to encourage further adoption of blockchain technology.

Blockchain Venture Fund: Proof of Capital

The new fund has been founded by three partners: Phil Chen, Chris McCann, and Edith Yeung.

It will invest in early-stage startups that are involved in blockchain technology. The group has highlighted various areas of the blockchain ecosystem that it is looking to back, including remittances, custody, wallets, security, and identity.

All ...

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India’s Unocoin Left with 14 Employees, Struggling to Stay Afloat

Unocoin

Unocoin, a leading crypto exchange in India, is struggling to stay afloat. Why? Because India has promulgated a law banning cryptocurrency-related trading in the country. So why is Unocoin sticking around?

There are 14 employees left at Unocoin, after the exchange shaved off 86% of its workforce. The exchange is trying to recover its huge losses and compete in the commercial market again.

Legal Action

The famous Unocoin suffered this setback due to legal action taken against one of its daring moves. In the year 2018, the founder members of the firm, Harsh B, ...

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France’s Crypto Regulations: Finance Minister Wants Whole EU Adoption

crypto regulations

This week, some are focusing on the recent fire that broke out in Notre-Dame cathedral, while others are looking at Bruno Le Maire, the French Finance Minister. According to Le Maire, EU member states should implement the same crypto regulations the French parliament approved last week.

Here’s what we know.

French Crypto Regulations are Key, According to Le Maire

Last week, France’s parliament approved a law called the Pacte (Action Plan for Business Change) law, which pertains to cryptocurrencies. The law also deals with other business plans. According to Reuters, the new law will ...

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SBI Delists Bitcoin Cash: Keeps Support for Bitcoin SV

SBI Delists Bitcoin Cash

In a potentially rebellious move, major Japanese financial services company, SBI Holdings, announced it is delisting Bitcoin Cash (BCH) from its digital currency exchange. Let’s check this out.

SBI Delists Bitcoin Cash (BCH)

Yesterday, we covered the controversy surrounding the delisting of Bitcoin SV (BSV). Specifically, the world’s largest cryptocurrency exchange, Binance, announced yesterday that it will delist this crypto effective April 22nd.

The move comes as a retaliation against the actions of BSV creator Craig Wright (more on that to follow).

But today, tables are turning somewhat as major Japanese financial ...

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FBCoin: Facebook Set to Launch Its Own Cryptocurrency Coin

FBCoin

In 2018, and early this year, Bitcoin experienced a bearish market that riled the interest of several parties and social media companies such as Facebook. As a result, Facebook has since entered the blockchain space with its own cryptocurrency known as FBCoin.

FBCoin and WhatsApp Users

“FBCoin” is an unofficial name for the crypto asset that the social media giant has designed for its users. Facebook intends to unveil the technology to billions of its users, along with the real name.

Besides Facebook, several technology companies have acknowledged the potential and power of crypto ...

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Bitcoin SV Delisted from Binance Amid Craig Wright Controversy

Bitcoin SV

One of the largest crypto exchanges in the world, Binance, has delisted Bitcoin SV (BSV), it announced earlier today. The move comes after a week of controversy surrounding the cryptocurrency’s founder Craig Wright.

Bitcoin SV

Earlier today, the world’s largest crypto exchange by market volume announced it will be delisting all BSV trading pairs on April 22nd. It will continue to support BSV withdrawals, however, until July 22nd.

Binance CEO, Changpeng Zhao (CZ), first threatened the move last week. It came after Wright attacked several Twitter users who said he is not the person ...

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Bitcoin Remains Stable: Crypto Market Capitalization Hits New High

Bitcoin

Over the last month, the cryptocurrency market was on a hot streak, rising about 38% as investors piled into crypto assets such as Bitcoin and other popular alternatives like Litecoin, Ripple’s XRP, Ethereum, Bitcoin Cash, and EOS.

Crypto Market Capitalization Hits New All-Time High

At the beginning of the month, Bitcoin (BTC) price surged, taking analysts and traders by surprise as to what might have caused the sudden increase in price. However, analysts are unsure whether the cryptocurrencies will hold their recent gains. But considering Bitcoin has managed to maintain the price above $5,000, it shows ...

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Coinbase Executive Leaves: 3 Major Departures in 6 Months

Coinbase executive

According to reports, Coinbase executive Dan Romero is stepping away from his role as vice president of international business. His departure will bring the number of executives to leave the company in the last six months to three.

Another Coinbase Executive Leaves

Romero announced in a Medium post earlier today that he will be leaving the crypto exchange at the end of April. He joined Coinbase in April 2014.

The Coinbase executive didn’t give a specific reason for his departure but simply said he was “planning to take some time to figure out what’s ...

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Harvard University Purchases Blockstack’s Crypto Tokens

Crypto Tokens

In the news making headlines in the cryptocurrency industry, Harvard University Endowment has made an investment in the crypto token sale of Blockstack.

Blockstack Offering 95.83 million Crypto Tokens

A filing made with the US Securities Exchange Commission listed designees affiliated to the Havard Management Company including Charlie Saravia, Rodolfo Gonzalez, and Zavain Dar who have been participating in the purchase of 95.8 million Blockstack tokens, worth $11.5 million. Although it’s not clear how much the Harvard University Endowment has purchased, it is, however, the first time a major endowment has invested in cryptocurrency.

...

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