Alleged Bitcoin Fraudster Alexander Vinnik Appeals for Extradition to Russia

Former operator of now-shuttered crypto exchange BTC-e, Russian national Alexander Vinnik, has appealed with a Greek court for his release or extradition to Russia, local media outlet Kathimerini reported on March 21. Vinnik — who is accused of fraud and laundering as much as $4 billion in Bitcoin (BTC) over the course of six years — has reportedly filed an appeal with Piraeus court for his release or extradition to Russia for humanitarian reasons. Prior to that, Russia’s Commissioner for Human Rights Tatyana Moskalkova asked both the United Nations High…

Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption

Jack Dorsey, the CEO of Square, the $32.7 billion mobile payment giant based in the U.S., revealed that Square would fund three to four developers and a designer to work on the open-source protocol of Bitcoin and the crypto ecosystem. Independent of the core business strategies of Square, the team of developers and a designer will work to contribute to the cryptocurrency ecosystem in a variety of ways, potentially by contributing to the open-source codebase of the Bitcoin network. Join CCN for $9.99 per month and get an ad-free version…

Bitcoin Cash (BCH) Prices Cool Off, Correction to $140 in Progress

Bitcoin Cash outperforms all assets in the top 10 The ABC team will implement Schnorr signatures in May 2019 Participation levels drop despite BCH registering double-digit gains Schnorr Signatures, it appears, will first call Bitcoin Cash home before implementation at Bitcoin core. Nonetheless, Bitcoin Cash (BCH) is outperforming other assets and up 24 percent from last week’s close. Bitcoin Cash Price Analysis Fundamentals In recent weeks, Bitcoin Cash has been on a roll. With supportive fundamentals such as Digitec and Galaxus, Avnet and Vordex Suisse all offering support, it’s only…

Not Just BNB: Up 120%, Huobi’s Crypto Exchange Coin Is Breaking Out

Following in the footsteps of the world’s largest exchange cryptocurrency, Binance Coin (BNB), another exchange coin, Huobi Token (HT), is flashing a more than 100 percent price increase in 2019. Used as an alternative to trading fees on their respective exchanges, exchange cryptocurrencies are also commonly paired with other cryptocurrencies to form new markets and increase overall liquidity. Recently, however, Binance created a new demand driver for its token by requiring participants of its token sale platform Binance Launchpad to make purchases either with bitcoin (BTC) or BNB. While that…

Lightning Loop Lets Users Empty Lightning Channels Without Closing Them

Lightning Labs, the development team working to grow the Lightning Network, just released the alpha version of a new protocol called Lightning Loop. Lightning Loop is designed to give users the ability to deposit and withdraw bitcoin from their payment channels (the two-way payment gateways that allow users to send and receive funds to and from each other) without closing these channels entirely. “Lightning channels are like tubes of money: the more you send the more you can receive, and the other way around,” according to a blog post written…

New Document Details Ex-QuadrigaCX Law Firm’s Conflict of Interest

Law firm Stewart McKelvey had a conflict of interest because it represented both QuadrigaCX and Jennifer Robertson, the widow of the failed cryptocurrency exchange’s founder Gerald Cotten. That’s according to a letter sent to creditors Wednesday from Miller Thomson, one of two law firms appointed as representative counsel for Quadriga customers by the Nova Scotia Supreme Court. Stewart McKelvey withdrew from representing Quadriga in the creditor protection proceedings on March 13, citing a “potential conflict” raised by other parties. The firm said at the time it did not know what the…

Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster

Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset. As the dollar crumbles and whispers of recession grow, bitcoin could spike alongside gold as a hedge against a future bear market in stocks. Bitcoin and Gold Strong Correlation As you can see in the chart below, both bitcoin…

Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish

Bitcoin price is gaining bullish momentum above the $4,000 resistance area against the US Dollar. The price is trading near monthly highs and it could accelerate above $4,050 and $4,080. There is a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action indicates a positive uptrend, with chances of gains above $4,100 in the near term. Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. Dips in BTC…

Funding Platform SeriesOne Partners With Polymath to Use Its Security Token Protocol

United States-based crowdfunding platform SeriesOne has partnered with security token protocol platform Polymath, according to a press release published on March 19. The new partnership intends to create a digital securities offering ecosystem via the SeriesOne platform. According to the press release, the partnership between SeriesOne and Polymath will let token issuers create and manage regulatory-compliant security tokens from the initial offering stage to trading on a secondary exchange. SeriesOne CEO Michael Mildenberger expressed confidence that Polymath’s security token protocol, ST-20, is set to improve the process of raising capital…

CBOE Trashing Bitcoin Futures Signals Crypto Market Bottom: Brian Kelly

Cryptocurrency investor Brian Kelly believes that the decision to drop bitcoin futures by the Chicago Board Options Exchange (CBOE) represents a watershed in the history of bitcoin, signaling that the crypto market’s longest-ever decline has finally found a bottom. BKCM Founder: CBOE Exit Shows Bitcoin Bear Market is ‘Exhausted’ Speaking on Tuesday’s edition of CNBC Fast Money, the BKCM Digital Asset Fund founder and CEO stated that he sees improvement in bitcoin address growth and market sentiment since December 2018 as evidence that the retail end of the bear market…