Monthly Archives: April 2019

Bitcoin Price Analysis: Upward Consolidation Hints Toward Diminishing Market Supply

Summary: The bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $5,000 levels. From an intraday perspective, we have established new support on three separate levels that were previously resistance as the market progresses along its supply and demand channel. Macro-wise, we are still sitting in a no man’s land between macro support and macro resistance. The low timeframe has the market consolidating upward with higher lows and higher highs in […]

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Western Union Partners With Crypto Wallet for Cross-Border Transfers

Crypto wallet provider Coins.ph has partnered with U.S. financial service company Western Union to enhance cross-border transfers to the Philippines. The partnership will grant over 5 million Coins.ph users access to both local and international payments transferred into their digital asset wallets. According to Coins.ph, the decision to partner with Western Union was based on its desire to ensure that people can receive cash payments from virtually every nation in the world. In an announcement, the blockchain firm said it would harness Western Union’s global reach and […]

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French Stock Market Regulator Issues Warning About Crypto-Related Firm

The Autorité des marchés financiers has warned the public about a firm offering training courses and software for trading cryptocurrency. The Autorité des marchés financiers (AMF) has warned the public about a firm offering training courses and software for trading cryptocurrency and investing in forex markets, according to an announcement published on April 9. The AMF — the stock market regulator in France — has issued a warning regarding the operation of Kuvera LLC(1)/Kuvera France, which allegedly promotes trading on “highly speculative products” and targets young people. […]

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Michigan House of Representatives Votes to Include Cryptocurrencies in Criminal Laws

Michigan lawmakers have passed a bill that would include cryptocurrency in criminal laws regarding illegal actions for financial gain. The Michigan House of Representatives has passed a bill, HB 4102, on April 9 that would include cryptocurrencies in criminal codes regarding illegal actions for financial gain. Michigan lawmakers have voted to introduce amendments to various sections of the Michigan Penal Code, specifying that cryptocurrency would be included in provisions relating to money laundering, embezzlement, credit card fraud and financial transactions involving the proceeds of a criminal offense. […]

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TrueUSD Audit Shows Full US Dollar Backing

An audit of TrueUSD funds showed that it has the full amount of U.S. dollar backing for its coins. TrustToken has published the results of an audit of its stablecoin TrueUSD (TUSD) in a blog post on April 8. The audit shows that it has the full amount of United States dollar reserves. Per the Independent Accountants’ Report prepared by certified public accounting firm Cohen & Company, as of March 31, 2019, the U.S. dollar balance held in escrow accounts was $199,063,885, while the balance of TUSD […]

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Founder of Mt. Gox Creditors Cooperative Resigns, Says Settlement Could Take Years

Four days ago, news.Bitcoin.com reported on the April 3 notice to Mt. Gox creditors from the court’s civil rehabilitation trustee Nobuaki Kobayashi. Now a disclosure stemming from the founder of Mt. Gox Legal explains that the coordinator, Andy Pag, is leaving the ongoing legal battle because he thinks the process could take years to settle the case. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’ Mt. Gox Legal’s Coordinator Leaves His Post Blaming the Coinlab Claim and Karpeles Schemes The coordinator […]

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Bank Frick Launches BTC-ETH Tracker Along With Partner Bitcoin Suisse

Liechtenstein-based Bank Frick and Bitcoin Suisse jointly issued an active Bitcoin-Ethereum tracker. Liechtenstein-based Bank Frick has issued an active Bitcoin (BTC) and Ethereum (ETH)-based tracker along with digital finance firm Bitcoin Suisse, the firm announced on April 9. Starting today, Bank Frick will offer institutional and qualified investors access to its BTC-ETH tracker, the certificates of which will take the form of both a classic security and a token, according to Bank Frick’s press release. Within the new initiative, Bank Frick acts as issuer and will be […]

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Major Web Browser Firefox by Mozilla Now Blocks Web-Based Cryptojacking

Major open-source browser Mozilla Firefox announced new protections against crypto mining attacks in its new browser versions. Major open-source browser Mozilla Firefox has launched new protections against crypto mining malware in its new browser versions, according to a blog post published on April 9. In its latest Firefox Nightly 68 and Beta 67 versions, Mozilla has enabled a new level of protection against crypto mining and fingerprinting hack attacks in a part of the browser’s Content Blocking suite of protections. The new browsing feature has been developed […]

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Blockchain Adoption Is Not a Priority for Finance Executives, KPMG Poll Shows

Major tax and finance executives stated that blockchain adoption is not a high priority in their companies, according to a poll by KPMG. Most tax and finance executives do not consider adopting blockchain technology, according to a recent survey conducted by Big Four auditing firm KPMG. The results of the poll were shared with Cointelegraph on Tuesday, April 9. A poll undertaken during a recent webcast, dubbed “Understanding Blockchain – It’s Not Just About Crypto,” was held in February 2019. KPMG asked around 450 tax and finance […]

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Bitcoin and Ethereum Show New Momentum After 20% Gain, Is a New Rally in the Works?

As Bitcoin recovered to over $5,200, the crypto market has found new momentum, pushing others like Ethereum to recover. Year-to-date, the price of Bitcoin (BTC) is up 40% against the United States dollar, and other major cryptocurrencies such as Ethereum and Litecoin have also demonstrated strong gains in the past four months. Performance of crypto assets in the past month. Source: coin360.io Litecoin, for instance, recorded a staggering 208% increase in value since January — outperforming most crypto assets apart from a handful, including Binance Coin and […]

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