By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif.) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. Waters’ request. First, it’s a good thing for cryptocurrency whether Facebook honors her request or not. Second, Rep. Waters is assisting the public by stalling investment in another dangerous cryptocurrency. Maxine Waters said: “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users. The cryptocurrency market currently lacks

Digital currency and transactions platform Algorand raises $60 million in recent token sale

Japan’s consumer protection watchdog reports an increase in the number of inquiries submitted by cryptocurrency traders in 2018. More Consumer Queries About Cryptocurrency in 2018 In its report, the Japanese Consumer Affairs Agency (CAA) revealed that cryptocurrency-related queries totaled 3,657 cases. This figure constitutes a 69% spike from 2017’s figures which amounted to 2,166 cases. Despite the increase in the overall number, the year-on-year growth in the total number of complaints did decrease to 1.7x

Bitcoin price stayed above the key $9,000 support and traded higher recently against the US Dollar. The price traded above the $9,300 resistance and it recently tested the $9,400 resistance area. There was a break above a major contracting triangle with resistance near $9,130 on the hourly chart of the BTC/USD pair (data feed from...

More than 1000 members of the crypto community gathered for the renowned blockchain conference from June 6th to 13th aboard the Oasis of the Seas in the Mediterrenean. Among the topics of discussion were market development, issues facing the industry, and regulations against the globalization of the blockchain system. One of the A – list […]

The total crypto market cap stayed above the key $265.0B support area and climbed higher. Bitcoin price is up more than 1.5% and it is trading with a positive bias. EOS price is slowly moving higher towards the key $7.00 resistance area. Bitcoin cash price is back above the $410 level and it could continue...

Ripple price started a major downside correction after a strong rally above $0.4600 against the US dollar. The price tested the $0.4175 support area and it is currently recovering above $0.4300. There is a rising channel forming with support near $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair...

Within hours of Facebook’s official announcement of its new crypto project Libra, the social media giant began facing an onslaught of critics, snags and concern. Following a statement by Democratic Rep. Maxine Waters who chairs the House Financial Services Committee and joined a chorus of detractors wanting to pull the plug on Libra, the U.S. […]

ETH price found support near the $262 level and recently climbed higher against the US Dollar. The price is currently testing the $270 resistance and it could continue to rise towards $275. There is a connecting bullish trend line forming with support near $268 on the hourly chart of ETH/USD (data feed via Kraken). The...

By CCN Markets: You might think that Tyler Winklevoss has gotten ahead of himself by predicting the bitcoin price could cross $15,000 if it surpasses the $10,000 level. That is unless your name is John McAfee, in which case that forecast is absurdly low. McAfee is doubling down on his bullish price prediction, saying that BTC $100,000 will open the floodgates for the cryptocurrency to power higher to $1 million. Unfortunately for the Winklevii, that wasn’t the end of the trolling. McAfee took it a step further by tweeting an image of “Bitcoin Billionaires” with a personal message from the

Friends, Traders, Gentlemen and Women, Everywhere I read people are now saying BTC is going to the moon. There are moon projections all over and some of them are quite good. But will it moon this soon? And if it does, why? Libra Implications – Possibilities for BTC I am playing devil’s advocate here to […]

A former executive from cryptocurrency firm Circle has been picked up by The Royal Bank of Scotland as CEO of its digital SME offering

By CCN Markets: Even though Donald Trump kicked off his 2020 presidential campaign last night in Florida in front of a crowd of roughly 20,000, Wall Street isn’t entirely convinced that he’s committed. Jeffrey Gundlach, who is nicknamed the Bond King and whose firm DoubleLine Capital oversees $115 billion in AUM, told Fox Business that there’s a chance the president could change his mind. And while the campaign is launched, Gundlach suggests that Trump might not run, after all, adding: “If the economy goes into recession, and he can’t pull it out by removing the tariffs, there’s very little for

By CCN Markets: An exposé published at TheVerge.com revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $35 billion firm that apparently does not care about its work conditions. Three anonymous Facebook contractors breached their non-disclose agreements to inform TheVerge about the conditions. They include death of one worker via heart attack, filthy conditions at workstations and bathrooms, bedbug infestation, sexual harassment, verbal and physical altercations, frequent marijuana

The U.S. DoJ has revealed that a recently-arrested investments provider may stand trial in California for committing crypto-related fraud and money laundering

It wasn’t just Facebook making one of the biggest announcements and steps towards mainstream adoption in the crypto space this week. Ripple also announced a strategic partnership with international money transmission service MoneyGram that would see the company use its XRP crypto token and could possibly drive up XRP price. MoneyGram’s stock has surged over...

By CCN Markets: Ah, Binance. Many of us remember the original idea. Plenty of us decided to pass on the ICO, which has provided some of the highest returns of any investment in recent times. ICO To King of Crypto There were plenty of good reasons to pass on the ICO. The only stated purpose of the token at the time was that it would give you a discount on trading. There was no reason to believe that Binance would suddenly become a massive destination for traders. Fast-forward a couple of years, and Binance is many things. Binance is a

By CCN Markets: There’s a lot of irony in Uber’s lack of crypto acceptance contrasted with its support of Facebook’s Libra project. The company will play a vital role in the early stages of the network, and presumably, it will be one of many vendors who accept the “crypto” out of the gate. Several companies have already agreed to accept the Libra. The Libra can be used in a myriad of ways, from sending money to loved ones to paying overseas contractors. What will be interesting to see is whether a vibrant network of Libra-to-cash methods emerges. Will we have ATMs

While many companies dream of becoming “the Uber of” some industry they wish to disrupt, BitGo is trying to become the next Depository Trust & Clearing Corporation (DTCC) of an industry that many institutional investors feel needs a lot more trust and clarity – the cryptocurrency industry. The settlement issue When you buy or sell […]

Open interest in CME Bitcoin futures contracts are reportedly at an all time high, possibly due to increasing institutional-level investments

Ethereum (ETH) has had a very positive past few months, putting a significant amount of distance between its current price levels and its year-to-date lows, which currently exist below $100. Despite this, Ethereum is continuing to face strong resistance around its current price levels, and analysts believe it may soon incur a sudden influx of...

Malaysia has rolled out a work visa program that enables tech specialists to work for local blockchain companies

By CCN Markets: The bitcoin price is rising, and Tyler Winklevoss thinks it could see significant gains if it can break through the $10,000 point. The co-founder of the Gemini exchange posted on Twitter that if the world’s highest-valued cryptocurrency moves past that price, it could shoot further to reach $15,000. He tweeted: “If bitcoin breaks 10k, you can bet it’s going to break 15k.” If bitcoin breaks 10k, you can bet it’s going to break 15k…

Brazil's federal revenue service now requires that crypto exchanges report on users’ transactions

Ethereum’s 2.0 phase zero is planned for launch on January 3, 2020 according to a recent developers call