Business

Bitcoin Price Above $50K ‘Not Insane at All’

[ad_1] Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 certainly possible in the future.In a video posted to crypto research firm Messari’s YouTube channel on May 18, Demeester said Bitcoin (BTC) was “back in a bull market” following the halving, with a bottom in the $3,000-$4,000s already past — referring to the March
EXCHANGES

Digital Asset Bitgesell Provides the Perfect Ecosystem to Become Digital Gold

[ad_1] Bitcoin Press Release: Emerging digital asset Bitgesell has developed a practical ecosystem, and long-term solution for the digital gold debate. The project overcomes issues plagued by Bitcoin to make it an extremely attractive proposition to holders, miners, and businesses 18th May 2020, Amsterdam, Netherlands – Digital asset and cryptocurrency Bitgesell is a new project geared towards practical application, and offers a more attractive proposition to cryptocurrency miners and holders,
Business

Bitcoin’s Sentiment Score Post-Halving Rises to Highest Since 2017

[ad_1] One week after the Bitcoin rewards halving, investors are speaking more positively about the coin than they have at any point over the last 2.5 years according to crypto data company The TIE.Chief Executive Officer (CEO) Joshua Frank spoke to Cointelegraph on May 18, saying the 30-day average daily sentiment score — the number of positive reviews in relation to the number of negative reviews — of Bitcoin (BTC)
BLOCKCHAIN

California Giant Berry Farms Joins IBM Food Trust Blockchain Tracking System

[ad_1] U.S. berry producer California Giant Berry Farms joined the blockchain-based food tracking solution IBM Food Trust.Fruit and vegetable news outlet The Packer reported on May 17 that California Giant will use a blockchain to share data between all the points of its supply chain. The firm employs Glassbit’s Glasschain IBM Food Trust integration compliance as a service solution.According to California Giant’s senior director of operations Thomas Taggart, the integration
Business

Japanese Exchanges React to Revised Crypto Laws Now in Effect

[ad_1] Japanese cryptocurrency exchange bitbank has begun implementing changes to make it compliant with the country’s revised Payment Services Act (PSA), effective May 1.Atsushi Kuwabara from bitbank spoke to Cointelegraph on how local exchanges and regulatory bodies would be responding to modifications of cryptocurrency-related laws first proposed by the Japanese House of Representatives in 2019. Crypto by any other nameUnder the modifications to the PSA, all references to “virtual currency” must
EXCHANGES

Analyst Who Recommended Bitcoin at $5: Bottom Is in After March’s 50% Crash

[ad_1] While Bitcoin has crossed above resistance after resistance over the past few weeks, some analysts are skeptical that the bottom is decisively in. One prominent trader — someone who called that Bitcoin would fall to the $3,000 range months before it did this year — has shared a number of charts indicating that the asset is poised to fall under $3,000s. The analyst wrote last week in reference to
EXCHANGES

Ethereum’s Macro Technical Structure Signals It Could Rally to $750 in Months Ahead

[ad_1] Ethereum’s immense weakness in recent times may not last for too much longer, as one technical structure suggests the cryptocurrency could be poised to rally higher One analyst is even noting that the crypto could surge up to highs of $750 if this structure plays out This comes as data shows that investors on cryptocurrency exchange platform Bitfinex may have been heavily accumulating ETH throughout the past several months
EXCHANGES

Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Terminals

[ad_1] Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange Cryptobuyer and local payments processor Mega Soft to connect some of Venezuela’s biggest retail chains for this purpose. Stores that are connected will all use Mega Soft’s Merchant Server platform to process payments in
Business

Another Class Action Against Block.​One Alleges Dirty Dealings During EOS ICO

[ad_1] Per a May 18 complaint, more investors are looking to recoup funds invested in the record-breaking initial coin offering for EOS — which netted a total of $4 billion in cryptocurrency. Lawyers for the plaintiffs are calling over $200 million of that money illegally raised. Conflict with U.S. securities law and investorsThe complaint alleges that EOS was an unregistered security offering by block.one. Block.one is the development firm that spearheaded
Business

Time Is up for Crypto Firms to Register in the Netherlands Under New AML Rules

[ad_1] The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April 21.According to the Anti-Money Laundering Directive, companies offering crypto-to-fiat or custodial services should have registered by today. In contrast, those offering only crypto-to-crypto services are exempt.The Dutch Bank (DNB), the body in