EXCHANGES

New Investor Campaign Calls to Prepare for Future, Replace Gold with Bitcoin

[ad_1] The movement to decouple gold from the world economy started in 1971. Now, it returns to the forefront with the “It is Time to Drop Gold” campaign launched by Grayscale. ‘Bitcoin Has Superior Physical Properties’ On May 1, 2019, Grayscale Investments, one of the largest digital currency asset managers, launched a provoking campaign aimed at challenging investors to reconsider their traditional beliefs about gold investing and instead embrace Bitcoin
BLOCKCHAIN

Washington State Law Recognizes Blockchain Records as Legally Valid and Enforceable

[ad_1] The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26, 2019.The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1
EXCHANGES

Bitcoin ‘HODL Waves’ Chart Shows Price Building Momentum

[ad_1] Woobull.com, a provider crypto asset market, and network data has added new charts to its Bitcoin price, momentum, volume, and volatility platform. Bitcoin Price Building ‘Momentum’ The news was originally announced in a tweet by Willy Woo, market analyst and founder of Woobull.com The “Bitcoin Momentum Chart” appears to lead the price of bitcoin  (Similarly to the RSI and MACD, but specifically for bitcoin) as changes in crowd psychology
Business

Malware Shellbot is Now Capable of Shutting Down Other Miners

[ad_1] The Shellbot cryptojacking malware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.Per the report, these findings come from Boston-based cybersecurity firm Threat Stack. The company claims that Shellbot, which was first discovered in 2005, has received a major update.The original Shellbot was capable of brute-forcing the credentials of SSH remote access services on Linux servers protected by
Business

Payment Platform Square’s Q1 2019 Bitcoin Revenue High, Crypto Profits Low

[ad_1] Payment platform Square saw a new revenue high from bitcoin (BTC) sales through its Cash app, while profits from Bitcoin sales remained low, according to a letter to shareholders outlining first quarter (Q1) 2019 financial figures.In its recently published letter on earnings — which is unaudited — Square revealed that in the Q1 2019 the company’s total net revenue grew 43% year over year, amounting to $959 million, wherein
EXCHANGES

Crypto Community Monitors Bitfinex Wallets and the Strange 6% BTC Premium

[ad_1] Whether cryptocurrency enthusiasts believe the stablecoin controversy is worrisome or mere FUD, the news surrounding the $850 million of Bitfinex funds locked up has shaken the markets. Now, digital asset traders are closely monitoring the large premium on Bitfinex, where the price of BTC is trading for $300 more than on most spot markets. The publicly known Bitfinex cold storage wallet is also being monitored as large sums of
BLOCKCHAIN

US CFTC Chair Says Interest in Crypto Could Bring About More Clearinghouses

[ad_1] The United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo said that the "explosion in interest" in cryptocurrencies will likely lead to new applications for clearinghouses. Giancarlo delivered his comments in a speech published on May 1.In his testimony to the House of Representatives Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit in Washington, D.C., Giancarlo said:“The Commission anticipates new applications for clearinghouse registration resulting from
EXCHANGES

Canadian Provinces Compete for Attention of Bitcoin Mining Businesses

[ad_1] In Canada, individual provinces are responsible for energy issues, and their interest in Bitcoin mining is growing as several provincial governments have already offered low-cost energy incentives to attract mining operations to their provinces. Quebec, the largest Canadian province, wants in on the action and has overruled its energy provider Hydro-Québec’s request for a rate increase for Bitcoin businesses, in order to allow Bitcoin miners to have the same
Business

TrustToken Launches Stablecoin Backed by Canadian Dollar

[ad_1] TrustToken has released its latest stablecoin, TrueCAD, on May 1, 2019. The latest in TrustToken’s line of fiat-backed stablecoins, its value is linked to the Canadian dollar.TrustToken has also created a number of other stablecoins, such as TrueUSD (U.S. dollars), TrueGBP (British pounds) and TrueAUD (Australian dollars); each of these backed at a purported 1:1 ratio with their associated fiat currencies.For now, holders can use these four stablecoins on
EXCHANGES

Bitcoin is Beating Apple Stock (APPL) Price in 2019

[ad_1] Tech mogul and one of the largest corporations in the world, Apple Inc., has so far had a great start to 2019. The company’s shares are up 27 percent since January 1st but are still measurably lower than Bitcoin’s price increase throughout the same period.  APPL Stock Rises in 2019 It’s safe to say that Apple is seeing a good year so far in 2019. Since January 1st, the