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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 22

[ad_1] The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Analysts believe that the rally in Bitcoin might witness a short-term blip but is likely to resume its up-move and reach $9,659 by year’s end. The
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Crypto Exchanges See Threefold Increase in New Accounts Since March

[ad_1] Japanese cryptocurrency exchanges have seen new account openings increase up to 200% in the past two months, Cointelegraph Japan reported on May 22.Data obtained from three major trading platforms — Bitpoint, DMM Bitcoin and Coincheck — pointed to a significant increase in interest from entry-level investors since the end of March.The change in habits among those who assumedly did not use cryptocurrency before highlights the impact of rising prices
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Ethereum Foundation Announces Details on $30 Network Development

[ad_1] The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21.The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 million. Much of the funding will go to Ethereum 2.0 projects including client teams, research,
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Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value

[ad_1] Tuesday, May 21 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again.Market visualization courtesy of Coin360Bitcoin is up over 2% on the day, trading at $7,953 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up over 2.55%.Bitcoin 7-day price chart. Source: CoinMarketCapBitcoin’s proximity to $8,000 comes as the
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Binance Confirms Trading Relaunch for May 15 as Upgrade Completes

[ad_1] Cryptocurrency exchange Binance has confirmed it has completed a major system upgrade and will relaunch its trading platform at 13:00 UTC on May 15.Binance, which lost over 7,000 BTC (at the time $41 million) in a hack earlier this month, froze deposits and withdrawals altogether before a limited return to operations this week.A subsequent notice stated developers would shut down functionality in full for a period of up to
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Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

[ad_1] United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14.Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others.Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote,
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ICO Market Down Almost 100% From a Year Ago, Raised $40 Million in Q1 2019

[ad_1] The initial coin offerings (ICO) market is down 97% on a year-on-year basis making $40 million so far in 2019, according to research by cryptocurrency exchange BitMEX released on May 13.In the first quarter (Q1) of 2019, the ICO market has reportedly dropped by 97% based on the amount of attracted capital. The slump followed the 2017–2018 cryptocurrency boom, with low investment returns among ICOs through most of 2018.Per
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Crypto Hedge Funds Saw 46% Loss in 2018 Bear Market, PwC Report Says

[ad_1] The 2018 cryptocurrency bear market cost the median crypto hedge fund almost 50%, a new survey headed by PwC revealed on May 12.According to the findings, around 150 cryptocurrency hedge funds survived last year, which saw bitcoin (BTC) falling from $20,000 to just $3,000.Of those, the median loss came in at 46%, while quantitative funds — which take bets on price drops in bitcoin and altcoins — still managed
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Bitfinex CTO Reinforces Rumors Exchange Has Raised $1 Billion in IEO

[ad_1] The CTO of cryptocurrency exchange Bitfinex appeared to confirm the entity had raised $1 billion in fresh investment in new social media comments on May 13.Following rumors that began with a major shareholder in the platform announcing $1 billion confirmed in hard and soft commitments, CTO Paolo Ardoino took to Twitter on Monday to report that Bitfinex’s private token sale, which ended May 11, had sold out.The sale, which
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US Senate Banking Committee Presses Facebook for Info on Crypto Project

[ad_1] The Committee on Banking, Housing, and Urban Affairs of the United States Senate is seeking information on Facebook’s reported cryptocurrency project. The committee addressed its concerns to Facebook founder and CEO Mark Zuckerberg in a letter on May 9.In a series of questions, the Senate highlights certain aspects of consumer protection, asking Zuckerberg how the company plans to protect consumer financial information. The committee also asks Zuckerberg whether Facebook