Blockchain 

Bitcoin Price to Hit $7,200 After Demonstrating Bullish Signs?

Yesterday crypto markets dropped following reports that leading cryptocurrency exchange Binance had been hacked. However, the impact of the developments is minimal, and Bitcoin price managed to hold steady at more than $5,800, continuing the upwards trend towards the $6,000 mark. BTC Holds Above $5,800 A popular analyst has projected that if BTC continues with the upward momentum, its price could soon hit $7,000—a definitive sign that the bullish run has already begun. Currently, Bitcoin price is up marginally at $5,980 after the daily low of $5,800 occurred moments before…

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Blockchain 

Facebook Crypto Ad Ban | Platform Loosens Restriction on Crypto Ads

According to CNBC, Facebook said on Wednesday that it will loosen its ban on cryptocurrency advertising on its platform. The result will allow businesses related to crypto and blockchain to promote their projects on the social network. The Facebook crypto ad ban first came into effect in January 2018. Facebook Crypto Ad Ban The social media giant first started blocking ads on initial coin offerings, saying it had concerns for its users’ welfare. It was afraid that many would fall for scams and fraudulent crypto products. But earlier this year…

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Blockchain 

uBUCK Technologies Announces Closed Beta Launch for uBUCK Pay

VANCOUVER, British Columbia , May 09, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK Tech”) is launching a closed beta for its uBUCK Pay app in June 2019. uBUCK Pay is a digital wallet and payments platform that serves as a payment alternative for consumers and merchants, with a focus on serving the unbanked and underbanked community.  Users will be able to transfer uBUCK cash to friends and family around the…

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Blockchain 

Binance Hack | Hackers Make Off With $40 Million in BTC

According to Bloomberg, major cryptocurrency exchange Binance has suffered another hack. This time the hackers withdrew 7,000 Bitcoin, which values approximately $40 million USD. This is the second major breach the exchange has faced, the first being an incident in March 2018. A notorious issue in the crypto-space, hacks have claimed $1.7 billion USD in 2018 alone. Binance Hack Via a post on its website, the exchange said that the hack occurred through a single transaction in a “large scale security breach.” It furthered that the hackers used a “variety…

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Blockchain 

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies

Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies. Here’s everything we know. Joseph Stiglitz on Cryptocurrencies: The Latest This week, of course, is not the first time Joseph Stiglitz, 76, has discussed cryptocurrencies in a negative manner. Back in November 2017, Stiglitz…

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Blockchain 

Ethereum Price Jumps 8% | CTFC Approving Futures Trading Soon?

Ethereum is now firmly established as the cryptocurrency with the second biggest market cap after Bitcoin, and more good news could be on the way for the coin if recent reports regarding CTFC approval of Ethereum futures are to be believed. According to a report from Coindesk, the United States Commodity Futures Trading Commission could be all set to approve it, provided Ethereum passes the commission’s stringent tests. Needless to say, it would be a significant development for the cryptocurrency if it eventually comes to pass. ETH is up by…

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Blockchain 

Bitfinex Plans to Sell $1 Billion Worth of LEO Tokens

Bitfinex has revealed plans of selling its asset LEO, which is estimated to be worth $1 billion. Although this might be seen as a bland move, leading analysts have nonetheless warned that it might hurt Bitcoin. $1 Billion Worth of LEO Tokens In a report last week by NewsBTC, Dovey Wan, the founder of Primitive Ventures, indicated that Bitfinex had plans of raising over $1 billion through the offering of its branded crypto assets through an on-platform initial coin offering. A section of the crypto community took the news as…

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Blockchain 

Fidelity Investments will Trade Bitcoin in a Few Weeks!

According to Bloomberg, Fidelity Investments is on the verge of buying and selling Bitcoin (BTC). Earlier this year, the firm began a custody service to store Bitcoin, but now it will evolve to trading. Fidelity Investments Embraces Bitcoin Fidelity is one of the largest asset managers in the world. Its newly-formed arm—Fidelity Digital Assets—will be the first of its kind to offer “over-the-counter trade execution and order routing for Bitcoin.” The Wall Street giant is aiming its cryptocurrency trading product at institutional traders and will start with Bitcoin. According to Fidelity…

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Blockchain 

Pepsi Blockchain Trial a Success

On Monday, May 6, media agency Mindshare said a Pepsi blockchain trial has been carried out and that it brought a 28% boost in supply chain efficiency. At the time of writing, PEP stock is down less than 1%. Here’s what we know. Pepsi Blockchain Trial: The Details Today, Mindshare said the Pepsi blockchain trial was intended to see if blockchain could address “industry challenges” in programmatic advertising. The trial ran in March in the Asia Pacific region. Alongside Mindshare, the food and beverage company worked with MediaMath, a programmatic marketing technology firm,…

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Blockchain 

Fundstrat Prediction | Bitcoin will Rally to New Heights Next Year

Another Fundstrat prediction has emerged. This time there’s no messing about; the firm predicts that Bitcoin will hit $20,000 USD next year. You can bet investors are sitting up. Fundstrat has made calls that have come true in the past, so should we listen this time around? Fundstrat Prediction The most recent prediction the research body made was that Bitcoin was going to crash in the latter half of 2018. It came true. At the time, BTC was trading at approximately $5,500 and could have easily climbed beyond. Now the…

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