Bitcoin Price on Verge of Racing into Bull Market

Tom Lee made an extraordinary prediction in December, one that turned out to be false. He said Bitcoin would go way back over $10,000, which was an adjustment from an earlier prediction. Now, while Bitcoin trades sideways within a tight range but altcoins are experiencing a resurgence dubbed by Mati Greenspan as “alt-season,” Lee says another bull run is on the way. 2019 Will Be ‘Year about Repair’ for Bitcoin Speaking to CNBC, Lee said today: Join CCN for $19.99 per month and get an ad-free version of CCN including…

Litecoin (LTC) Bulls Have the Upper Hand, Sights at $70

Litecoin prices stable and bullish QuadrigaCX founder had the best interests in mind and cared for his customers Transaction volumes low but revival depends on LTC demand Cotten’s window now says his husband had the best intentions and interest for QuadrigaCX users as the search of $190 million worth of Bitcoins and other assets continue. At spot rates, Litecoin is bullish, and trading above $50 meaning buyers have a chance in days ahead. Litecoin Price Analysis Fundamentals $190 is not pocket change, and it gets worse because few are buying…

House GOP Leader McCarthy Says US Govt. Must Go All-In on Blockchain

Republican House Minority Leader Kevin McCarthy (R-CA) is sounding a lot like a tech entrepreneur these days. In a plea before a select committee on March 12 introducing ideas for Congress to prioritize in the 21st century, the GOP leader made his case for integrating blockchain technology into the government’s day-to-day operations. Kevin McCarthy: U.S. Government Should Dive Head-First into Blockchain McCarthy fell short of proposing that they use a public crypto network such as Ethereum, for instance, suggesting instead that the U.S. government build its own blockchain. He is,…

Bitcoin (BTC) Set For $4,500 With Tether (USDT) Reserve Doubts

Bitcoin prices stable and bullish Suspicion around Tether reserves will likely benefit Bitcoin Participation levels low but could increase as demand picks up Tether is making headlines thanks to their latest update touching on their reserves. While Bitcoin prices are unresponsive, it is likely that BTC will react as investors get edgy liquidating their USDT. Bitcoin Price Analysis Fundamentals By rolling a service with the express purpose of sheltering crypto traders during times of uncertainty, investors as well as traders expect better from Tether. On many occasions, the state of…

Ripple (XRP) Drops But Quick Recovery Reveal Strong Demand

Ripple prices temporarily drop but recover Streams of bullish fundamentals would help build momentum Activating triggers at 34 cents must be a wide-ranging bull bar with volumes above 61 million Momentum is building in lower time frames. Since technical indicators are favorable and the streams of bullish fundamental prop prices, odds are Ripple (XRP) will trend above 40 cents in weeks ahead. Ripple Price Analysis Fundamentals The crypto winter may be biting, but that is not stopping major marketing moving announcements. Top of the list is XRP listing at CoinBase…

Blockstream’s Satellite Messaging API Is Now Available on Mainnet

Blockstream has launched its satellite messaging application programming interface (API) on mainnet. Essentially, this means users can now broadcast data via the company’s satellite network and pay with Lightning payments. No Internet? No Problem Blockstream’s satellite service was established with the aim of replacing the Bitcoin network’s dependence on land-based internet connections with actual satellites, thereby putting the network within reach of the world’s population. According to the blockchain-based startup, the satellite network makes 24-hour broadcasts of the Bitcoin network all over the world, ensuring that the blockchain is protected…

Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmain’s Dominance

ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital. In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports. Dubbing Canaan Creative as the second-largest mining firm in the world, the publication notes that the funding has raised the company’s overall valuation to $1 billion. This influx of capital comes after an explosive period of growth for the industry’s second-largest mining manufacturer. According to Securities Times, the…

CipherTrace Partners with Maltese Regulators to Manage Risk of Financial Crimes

CipherTrace, a blockchain analytics company, is partnering with the Republic of Malta’s sole financial regulatory agency to ensure that all crypto transactions within the country are free of money laundering and other similar financial crimes. As the Times of Malta reported on March 11, 2019, the Malta Financial Services Authority (MFSA) has enlisted the help of U.S.-based company CipherTrace to audit cryptoasset services that operate within Malta’s jurisdiction. The MFSA will require potential cryptocurrency agents, like individuals operating exchanges, wallets and ICOs, to formally register with the MFSA. CipherTrace will…

Bitcoin Trades Flat While Altcoins Tease Bull Breakout

View Bitcoin is lacking clear directional bias for a ninth straight day, neutralizing the bullish view put forward by a long-tailed doji candle created on Feb. 27. As a result, a return to levels below $3,700 cannot be ruled out. A UTC close above the March 9 high of $3,950 would revive the short-term bullish outlook and possibly yield a rally toward the recent high of $4,190. While a few alternative cryptocurrencies (altcoins) have recently witnessed a longer-term bull reversal, the altcoin market as a whole is yet to exit…

Court Rules Quoine Exchange Liable for Reversing Bitcoin Trades Worth Millions

The Singapore International Commercial Court has ruled against cryptocurrency exchange Quoine after it reversed trades for a total of 3,092 bitcoins (BTC) by crypto market maker B2C2 two years ago. The court published a case summary Thursday, stating that it found Quoine liable for the “breach of contract and breach of trust” in reversing B2C2’s trades made at an “abnormal” exchange rate back in April 2017. B2C2 had made seven trades in which it sold ether (ETH) at an exchange rate of 10 BTC per token – approximately 250 times higher…