Monthly Archives: April 2019

NYT Reporter: Facebook Seeking $1 Bln in Venture Capital for Crypto Project

Facebook is reportedly seeking venture capital to support its purported native token project. Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8. Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line with the crypto community’s decentralized ethos: “Given that one of the […]

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Coinbase Pro Adds Support for Three New Tokens: EOS, Augur and Maker

Coinbase’s professional service Coinbase Pro has announced support for EOS Augur, and Maker. Coinbase Pro, the professional offering of major American crypto exchange and wallet service Coinbase, has added support for EOS (EOS), Augur (REP) and Maker (MKR). The development was announced in a blog post on April 8. The post states that the platform now accepts inbound transfers of EOS, REP and MKR, and will be accepting deposits for at least 12 hours before enabling trading. Trading on order books will be available once sufficient liquidity […]

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Sparkswap, World’s First Lightning Atomic Swap Exchange, Now in Beta

Bitcoin’s first decentralized exchange to make use of the Lightning Network’s Atomic Swaps is now in beta. Sparkswap, an exchange with backing from Pantera Capital (which announced its ambitious mission to become the most decentralized bitcoin exchange on the market in August 2018), has now opened its beta to users. Leveraging the Lightning Network, the exchange is non-custodial and trading is decentralized. Users will be able to execute buy and sell orders between each other directly and, thanks to atomic swapping, they’ll also be able to trade […]

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Western Union Partners With E-Wallet Coins.ph for Cross-Border Remittances

Payments giant Western Union will integrate the Coins.ph blockchain-based platform, enabling Filipinos to conduct cross-border money transfers. American financial services company The Western Union Company has partnered with Philippines-based e-wallet provider Coins.ph to enable Filipinos to conduct cross-border money transfers. The development was announced in a press release published on April 3. Within the collaboration, Western Union will purportedly integrate the Coins.ph blockchain-based platform into its cross-border platform, enabling users in the Philippines to receive and hold international money transfers directly into their Coins.ph wallets. Prior to […]

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Zcash Exercises Restraint as the Antminer Z11 Release Approaches

While Bitmain is releasing the second Antminer for mining ZEC, the Zcash team is not in a hurry to fork the network and join the ASIC resistance campaign. Bitmain, the largest manufacturer of mining equipment, recently revealed the Antminer Z11 device for mining Zcash and other cryptocurrencies based on the Equihash algorithm, as reported by Cointelegraph on March 19. The company claims that the new chip is three times more powerful than its predecessor, the Antminer Z9, which was released nine months ago. Introducing the #AntminerZ11 that […]

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Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin

A 33-year old Danish man laundered $450,000 by depositing dirty money in Bitcoin and sending it to exchanges overseas. A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000 in Bitcoin (BTC), tech news agency The Next Web reports April 8. Citing a press release from Danish Police, the report says that the criminal pleaded guilty to laundering 3 million Danish kroner that came from criminal activity. The crypto launderer reportedly exchanged the dirty money in Bitcoin […]

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Tron CEO Justin Sun Donates $1.5 Million to Alibaba Co-Founder Jack Ma’s University

Tron and BitTorrent CEO Justin Sun has donated $1.5 million to the Hupan University established by Alibaba’s co-founder Jack Ma. Tron and BitTorrent CEO Justin Sun has donated $1.5 million to the Hupan University established by Alibaba’s co-founder Jack Ma, according to a press release shared with Cointelegraph on April 8. The Hupan University was launched in 2015 by Ma in a bid to help entrepreneurs and business owners learn core business skills needed for further development and promotion in the Chinese market. Sun’s contribution will purportedly […]

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Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 8

Some indicators show that Bitcoin is heavily overbought, which could point to a downward correction in the near future. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After the recent rally from the lows, one indicator has reached overbought levels last seen in Dec. 2017, according to Bloomberg Intelligence […]

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Bitcoin Billionaire Zhao Dong: Bitcoin Is Likely to Fluctuate Between $4,000 and $6,000 for Half a Year

With bitcoin’s recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of China’s biggest over-the-counter (OTC) traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $4,000 and $6,000 for a few more months. Bitcoin, the largest cryptocurrency by market capitalization, soared 20 percent to break $5,000 for the first time since November on April 2, 2019. The rise […]

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Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series

This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019. The new mining equipment in the 17 series will include the Antminer S17, Antminer S17 Pro and Antminer T17. According to Bitmain, these are the three most advanced BTC and BCH miners under the SHA-256 algorithm. The Antminer S17 comes in two variants, a 56 tera hashes per second (TH/s) […]

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