Crypto russia 

Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments

By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions. Russia and Iran previously considered using cryptocurrencies for business between the two. Iran later launched a gold-backed cryptocurrency. Russian Central Bank Will Put Onerous Limits on Retail Crypto Investors https://t.co/Acax4U5ytX — CCN.com (@CCNMarkets) March 12, 2019 Survey Says: Unlikely Central banker Elvira Nabiullina was cold to the idea of government-backed crypto, saying…

Read More
bitcoin Crypto Donald Trump John Crudele 

Tabloid Columnist Wants Trump to Investigate ‘Bitcoin Manipulation Madness’

By CCN: Barely a week after New York Post columnist John Crudele crudely predicted that Bitcoin will soon be worth zero, the tabloid journalist has once again muddied the waters by calling on governments to launch a ‘massive investigation’ on ‘Bitcoin manipulation madness’. Bitcoin manipulation madness calls for massive investigation https://t.co/Opl7PO7C90 pic.twitter.com/5mbLVy5ef0 — New York Post (@nypost) May 23, 2019 Specifically, Crudele called on China, the EU and the US to probe those responsible for the ‘manipulation of bitcoin’s price’. Citing ties to Donald Trump, the tabloid journalist urged the…

Read More
bitcoin Bitcoin Companies Bitcoin Regulation Circle Crypto jeremy allaire 

Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

By CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move. Today we made organizational changes at Circle and eliminated approximately 30 positions, which is about 10% of our employees. We made these changes in response to new market conditions, most importantly, an increasingly restrictive regulatory climate in the…

Read More
Altcoin News Altcoin Price Analysis Crypto litecoin 

Why Litecoin Will Skyrocket 140% in Less Than 3 Months & Hit $220

By CCN: The Litecoin price has enjoyed a breakneck bull run in 2019, launching the cryptocurrency nearly 200 percent higher in less than six months. But while cautious investors might be tempted to take their profits and run, a crucial upcoming event could send Litecoin another 140% higher over the next three months, enabling LTC to eclipse the $220 mark for the first time in more than a year. The trigger from this mammoth ascent? Litecoin’s long-awaited “halvening,” which will slash block rewards by 50%, from 25 LTC to 12.5…

Read More
Bitcoin Crime Crypto russia Sberbank 

Russia’s KGB Successor Warns Terrorists are Turning to Cryptocurrencies

By CCN: Terrorist organizations getting support in the form of cryptocurrency are becoming the norm, according to Russia’s FSB director Alexander Bortnikov. As per local news portal RBC, citing media agency Tass, the chief of Russia’s Federal Security Service (the FSB’s successor) reported on the latest updates in the international terrorist networks at a meeting of the heads of security agencies of Commonwealth of Independent States (CIS) member states. “Electronic payment systems and cryptocurrencies are increasingly being used by terrorists to move money received from some states and organizations that…

Read More
bitcoin Bitcoin SV calvin ayre Craig Wright Crypto Opinion satoshi nakamoto 

Bitcoin SV Pumps 125% as Calvin Ayre Runs Satoshi Victory Lap

By CCN: Bitcoin SV (BSV) more than doubled in price on Tuesday fresh off the back of confirmation that Craig S. Wright had registered Bitcoin copyright claims with the U.S. government. The 125% pump in BSV’s value may have been helped along (not a legal term) by Bitcoin SV cheerleader Calvin Ayre. The billionaire owner of Coingeek appeared to ‘inflate’ the importance of Craig Wright’s purely cosmetic copyright claim, suggesting it confirmed his status as Bitcoin founder Satoshi Nakamoto. Calvin Ayre: Convert Your ‘Sh** Coins’ to Bitcoin SV Ayre started…

Read More
Bitcoin Crime bitgo Crypto Sean Coonce 

Crypto Engineer Details ‘Embarrassing’ $100,000 SIM-Hack Bitcoin Theft

By CCN: SIM hijackers aiming to steal bitcoin and other cryptocurrencies are getting bolder and more daring. No longer are they just going for the soft targets but are now even pursuing the technologically adept and sophisticated. One such victim is the engineering manager at cryptocurrency custodian BitGo, Sean Coonce. In a bold move, the blockchain engineer has publicly revealed that attackers stole bitcoin worth more than $100,000 from his Coinbase account. The attackers managed this over a period of 24 hours while carefully concealing any evidence that something was…

Read More
bitcoin Bitcoin Analysis Bitcoin Price News Crypto 

Bitcoin Price Blitzed $20,000, 13 Days After it Last Closed at $8,300; Déjà Vu?

By CCN: Year-to-date, the bitcoin price has surged by 113 percent in a stunning recovery, achieving $8,000 in merely six months after plunging to $3,150 in December 2018. Although bitcoin experienced extreme volatility in recent days, it’s up significantly in 1 month (source: coinmarketcap.com) As said by Thomas Lee, a co-founder at Fundstrat Global, bitcoin has historically tended to record most of its gains in a short time frame, typically in a 10-day window, unlike traditional assets and asset classes. 2/ Reminder that BTC generally generates all of its performance…

Read More
bitcoin Bitcoin Crime Bitcoin Trading Crypto india 

Indian Bitcoin Trader Hangs Himself, Blames Senior Indian Cop in Suicide Note

By CCN: A bitcoin trader in India’s Gujarat State has been pushed to suicide after incurring losses in a cryptocurrency investment he made on behalf of a senior police officer. According to Ahmedabad Mirror, the Bharat Patel hanged himself early Sunday. This was after Chirag Savani, a deputy superintendent of police, and his elder brother, Harnish Savani (AKA Montu) pressured him to compensate them for losses they incurred after investing in bitcoin. In a suicide note, Patel explained that he had invested money belonging to the two brothers in bitcoin….

Read More
Altcoin Price Analysis Binance binance launchpad Bitcoin Exchange BTT Changpeng Zhao Crypto 

Binance Launchpad Coins Fetch Eye-Popping Returns of 620% and 787%

By CCN: Binance CEO Changpeng “CZ” Zhao in a tweet on Sunday congratulated Binance Launchpad projects for their spectacular returns. Projects that went through @binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ — CZ Binance (@cz_binance) May 19, 2019 Meanwhile, Binance Coin (BNB) has been climbing higher, rising approximately 40% since the hack in which 7,000 bitcoins were stolen from the exchange’s BTC hot wallet. BNB has seen its value increase by approximately 40% since the hack. | Source: CoinMarketCap It looks like investors aren’t the least bit worried about the security of crypto…

Read More