IBM Crypto Chief Sets Massive Bitcoin Price Target

IBM VP of Blockchain and Digital Currencies Jesse Lund is bullish on Bitcoin – so bullish, in fact, that he set a long-term $1 million price target. Bitcoin Price Has Million-Dollar Potential Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset, the more utility it has. Therefore, he thinks people should focus less on the moving prices of crypto assets and more on their utility. “If the price…

Samsung Galaxy S10 Breaks into the Cryptocurrency Space

Less than 24 hours ago, Samsung Mobile announced the release of its next-generation Galaxy smartphone. The new Samsung Galaxy S10 is beautifully designed, and it includes a new feature that many crypto enthusiasts might appreciate. Meet the Next Generation Galaxy. #GalaxyS10Learn more: https://t.co/UstjA79jjF pic.twitter.com/hXOOfafTH1 — Samsung Mobile (@SamsungMobile) February 20, 2019 Samsung Galaxy S10 In the official press release Samsung explains: “Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.” That’s right. The…

Is BitTorrent (BTT) Success Capping Tron (TRX) Demand?

Tron prices slow down as TRX slip to ninth BitTorrent (BTT) could be capping TRX demand Transactional volumes are low and well below 42 million of Feb 4 Even with low volumes, we retain a bullish outlook on Tron (TRX). It is likely that the decision to reward BitTorrent seeders with BTT and not TRX is behind recent price shrinks. Tron Price Analysis Fundamentals The acquisition of BitTorrent by the Tron Foundation promised to be—and is still is—a massive move by a blockchain start-up whose primary objective is to decentralize…

Digital Asset’s Europe Head Is Latest to Leave Enterprise Blockchain Startup

The upheaval continues at enterprise blockchain company Digital Asset (DA), with the news that Gavin Wells will step down from his role as head of Europe next month. Oliver Hugh-Jones, head of business development for Europe, will assume all of Wells’ client-facing responsibilities, a spokeswoman for DA confirmed to CoinDesk Thursday. Wells’ departure was reported earlier by Risk, a financial industry publication.   “I joined Digital Asset to learn about the technology, but I stayed because of the people I met there,” Wells told the magazine. It is not clear where…

Ripple (XRP) Falter, Liquidation at 34 Cents

Ripple prices under pressure at 34 cents Instimatch Global partner with R3 Corda Settler Transaction volumes high but could dip in coming days There is consolidation happening in the remittance space, and it is good news that Instimatch Global is partnering with R3 Corda Settler. Yoshitaka’s SBI Holdings is behind Ripple Inc and R3 and therefore, successful use will see XRP demand increase as prices finally break above 40 cents. Ripple Price Analysis Fundamentals Instimatch Global, a firm that says “enables a diverse community of institutional borrowers and lenders to…

Coinbase Snaps Up Blockchain Intelligence Startup Neutrino

U.S.-based digital asset platform Coinbase has acquired blockchain intelligence startup Neutrino. The company made the news known earlier today, February 19, 2019, but the cost of the acquisition was not disclosed. The announcement reads: “Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world.” The blockchain startup will analyze data on public blockchains and help prevent theft of funds on Coinbase, investigate ransomware attacks when they come up…

Judge Chooses Representative Counsel for QuadrigaCX Creditors

Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal. After postponing his decision, in a hearing on February 14, 2019, to choose one of four legal teams vying to represent affected users, Wood has given the bid to Miller Thompson and Cox & Palmer, a joint-counsel of two firms that collectively have logged “extensive insolvency experience.” Included with this experience, the firms have a useful…

Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level: Figure 1: BTC-USD, Daily Candles, Macro Resistance We can see a clear, descending supply-and-demand channel that governed the market for the last two months. Yesterday, the market broke north of the channel and it has since begun to march toward a major macro level (red dashed line). This level is very significant; A test…

Will This Vulnerability Finally Compel Bitmain to Open Source Its Firmware?

As if Bitmain’s year hasn’t been rough enough, having posted big losses and laying off entire departments, its flagship product now has a firmware vulnerability. A few weeks ago, Bitcoin Core contributor James Hilliard discovered an exploit in Bitmain’s S15 firmware. The pseudonymous Twitter user 00whiterabbit, also known simply as “john,” subsequently wrote exploit code based on Hilliard’s findings. A video proving that the exploit code worked was shared on Hilliard’s Twitter account last week. Hilliard is offering to disclose the vulnerability to Bitmain but under one condition: Bitmain would…

Bitcoin (BTC) Prices Cool Off, KYC and AML Defeat Purpose of Crypto

Bitcoin prices cool off but up 8.7 percent in the last week KYC, AML and other rules imposed by centralized exchanges defeats crypto objectives Transaction volumes taper as prices consolidate Albeit the excitement around expanding prices and wave of adoption, KYC and AML rules that expose user identity but made mandatory by exchanges defeat the very purpose of crypto. Progress is visible and would organically pump Bitcoin (BTC) prices. Bitcoin Price Analysis Fundamentals After a decade of wonderful-and even jaw-dropping progress, it may be about that time when participants can…