BTC Cap Up $700 million From $3,700 Support

Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

OKCoin Founder Star Xu Seeks to Acquire Public Firm for $60 Million

Star Xu, the founder of cryptocurrency exchange OKCoin, may be seeking a possible backdoor IPO for his firm by buying a majority stake in a Hong Kong-listed company. On Jan. 10, Xu (under his real name Xu Mingxing) filed with the Hong Kong Stock Exchange (HKEX) for approval to buy a 60 percent stake in a construction engineering firm called LEAP Holdings Group Ltd. Through his company OKC Holdings Corp., Xu is aiming to purchase approximately 3.2 billion shares of the company for HK$0.15 (around $0.02) per share. In total, the acquisition,…

Bitcoin Price Analysis: BTC Bounce Back, Wells Fargo to Reimburse $575 Million

Latest Bitcoin News Among other advantages, the blockchain is transparent, and once there is a registration, it’s easy to track all transactions related to that address. That’s why this technology is perhaps the most significant innovation of the 21st century. If traditional companies incorporate this technology, then talks of scams and other unscrupulous activities will be unheard of. This is because everything would be open and transparency on another level. The opaque nature of bank operations is the reason why the third largest bank in the US, Wells Fargo was…

TRON Reaches One Million User Addresses in Six Months Since Launch

Blockchain protocol TRON (TRX) has passed one million user accounts, data revealed Dec. 23, as executives continue their criticism of rival Ethereum (ETH). Statistics from the TRON blockchain uploaded to social media by Misha Lederman, cofounder of the cryptocurrency’s spin-off project IAmDecentralized.org, confirmed that the network now features over one million addresses. TRON, which launched its mainnet earlier this year, seeks to become the go-to ecosystem for developers seeking to create decentralized applications (DApps). Known for publicly chiding Ethereum, which constitutes TRON’s main rival, CEO Justin Sun this week predicted…

Report Finds Over $3 Million of Altcoin Bitcoin Private Covertly Premined

During the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin Bitcoin Private (BTCP) have reportedly been secretly coined, crypto assets analytics website Coin Metrics reports Dec. 23. The allegedly secretly coined cryptocurrency — a fork merging Bitcoin and ZClassic — is worth $3.672 million at press time. The project’s white paper states that the initial coin supply is equivalent to the combined supply of Bitcoin and ZClassic coins, alongside a small quantity destined for the miner program, making the total supply equal to around 20.4…

Bitcoin Worth $1.8 Million Confiscated From Suspected Fraudster

The local authorities in Pune, India, recently confiscated 452 Bitcoins worth $1.8 million from suspect involved in notorious cryptocurrency Ponzi scheme. India’s Biggest Bitcoin Ponzi Scheme According to The Times of India, authorities of the cybercrime department in the city of Pune, India, recently recovered 452 Bitcoins (BTC) worth $1.8 million from one of the suspects involved in a notorious cryptocurrency Ponzi scheme. The Pune Police have been investigating a scam company involving Amit Bharadwaj, the ringleader, brother Vivek Bharadwaj, and other accomplices. Authorities filed a charge sheet against Amit Bharadwaj and his gang in November, after…

$120 Million Raised by Waves Platform as Launch of Private Blockchain Nears

Waves Blockchain network Waves Platform has raised US$120 million in a funding round allowing it to roll out Vostok, a private blockchain platform and system integrator that was developed with public institutions and large enterprises in mind. The fundraising round was led by Dolfin, a financial services group based in London, and mostly involved private investors, according to Bloomberg. The Waves Platform cryptocurrency reacted positively to the news appreciating by close to 50%. Waves has now attained a market capitalization of over US$400 million. Per the founder of Waves Platform,…

Crypto Users Increased to 35 Million in 2018

As we approach the new year, it’s time to reflect on all that happened in 2018. In the cryptocurrency sector, there were a few ups and downs, more so than in 2017, the year the crypto boom took flight. But while various companies (and coins) had their share of plunges, the number of crypto users in 2018 doubled. Well, almost. Crypto Users in 2018 On Wednesday, December 12th, the Cambridge Centre for Alternative Finance published a study detailing the number of ‘verified’ crypto users the sector gained in 2018. The…

Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX

Crypto trading platform ErisX has closed a Series B funding round that raised $27.5 million, the company said Tuesday. Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group participated in the funding round, investing in the new derivatives and digital asset trading platform for the first time. ErisX, which is being built by derivatives market provider Eris Exchange, was previously announced as a platform for trading a number of cryptocurrencies, as well as bitcoin futures. CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners…

US Elections Push Augur’s Total Ether Bets Over $2 Million

U.S. elections drama may be dragging Augur out of the doldrums. The decentralized betting platform built on ethereum enjoyed a promising launch in July but then stagnated due to its clunky user experience and a general decline in the use of decentralized applications. As Tuesday’s mid-term elections in the U.S. approach, however, money is pouring into the platform. The market for “Which party will control the House after 2018 U.S. Midterm Election?” has 3,517 ether or nearly $727,000 staked on it at the time of writing, according to Predictions.Global, a…