Monthly Archives: April 2019

Survey Shows Europeans Think Crypto Will Last a Decade, but Are Less Confident in BTC

According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around. Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs 63% of 10,000 Polled Europeans Believe Cryptocurrencies Will Still Exist in 10 Years Japanese cryptocurrency exchange Bitflyer was recently licensed to operate in the European Union, […]

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Chinese Internet Court Employs AI and Blockchain to Render Judgement

In China, 40 cases chose to settle outside of court, purportedly because of compelling evidence that could be shown with the use of blockchain technology. In China, blockchain technology is increasingly employed to settle court cases, local news outlet Global Times reported on April 25. Speaking at the 2019 Forum on China Intellectual Property Protection, Zhang Wen, president of the Beijing Internet Court — which was established in September 2018, and has since processed 14,904 cases — reportedly said that the court employs technologies such as artificial […]

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Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

Summary: After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support. The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close above the $5,600 level. Major resistance lies just overhead […]

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Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams

Maltese financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams. Malta’s financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams, news outlet Times of Malta reported on April 25. The Malta Financial Services Authority’s (MFSA) new guidance note intends to warn the public about cryptocurrency investments and related risks, and educate people on how to identify and avoid scams and fraudulent schemes. The guidance reportedly […]

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Bitcoin Breaks Back Above $5,500, Cryptos Recover From Major Sell-Off

All but four top 20 coins by market cap are in the green after yesterday’s decline as crypto markets were steadily recovering on the day. Thursday, April 25 — crypto markets have mostly recovered after yesterday’s significant sell-off, with Bitcoin (BTC) breaking back above the $5,500 support. All but four coins among the top 20 cryptos by market cap are in green at press time. NEO is seeing the biggest increase of almost 7%, while bitcoin SV (BSV) and tezos (XTZ) tumbled 1% and 2.25%, respectively. Market […]

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Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger

Telecom giant Samsung has invested 2.6 million euros ($2.9 million) into crypto wallet manufacturer Ledger, the French financial publication Capital reports. The investment gives the France-based startup a nearly $290 million valuation, per the report. The news came shortly after CoinDesk Korea reported that Samsung is developing a blockchain platform and native digital asset of its own. The project, which is being conducted by the South Korean tech giant’s blockchain division, is reportedly based on Ethereum’s network and the resulting cryptocurrency is dubbed “Samsung Coin.” CoinDesk Korea […]

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With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period. According to its report, the firm has originated over $1.53 billion since its trading service was launched in March 2018. In addition, the company’s total active loans increased to $181 million, a 17 percent increase over Q4 2018. “We expect to see sustained growth in the lending market in Q2,” the report reads. “As crypto prices have rallied, we have seen an […]

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Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

Now-defunct Japanese cryptocurrency exchange Mt. Gox’s trustee has extended the deadline for submission of the rehabilitation plan. The trustee of now-defunct Japanese cryptocurrency exchange Mt. Gox has extended the deadline for submission of rehabilitation plans, according to an official announcement published on the company’s website on April 25. Per the announcement, the exchange’s Rehabilitation Trustee Nobuaki Kobayashi filed a motion in a bid to extend the submission deadline of a rehabilitation plan at the Tokyo District Court. On April 24, 2019, the court released an order to […]

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Algorithmic Crypto Trading Firm GSR Launches Crypto Hedging Product

Hong Kong-based algorithmic crypto trading firm GSR launched cryptocurrency variance swaps, a product for hedging against volatility. Hong Kong-based algorithmic crypto trading firm GSR launched cryptocurrency variance swaps, a product for hedging against volatility. The company announced the development in a press release published on April 24. Per the announcement, the variance swaps will allow investors, traders, businesses and other crypto portfolio holders to hedge against crypto volatility. According to Investopedia, a financial swap is a financial derivative used to speculate on the volatility of an asset. […]

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IBM to Apply Blockchain Tech to Lenovo’s Data Centers

American global tech giant IBM signed a new agreement with Chinese PC maker Lenovo to apply blockchain in Lenovo’s customer service departments. American global tech giant IBM signed a new agreement with Chinese PC maker Lenovo to apply blockchain in Lenovo’s customer service, according to a press release on April 25. IBM, а top global developer of blockchain patents after Alibaba, will apply blockchain technology in the customer service processes at Lenovo’s Data Center Group. Specifically, Lenovo will use blockchain tech to monitor supply chains of hardware […]

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