BitCoin Update


SEC on the hunt for ‘Cryptocurrency Analyst’ as demand for decentralised currency experts grows

SEC on the hunt for ‘Cryptocurrency Analyst’ as demand for decentralised currency experts grows

Cryptocurrency and blockchain related jobs are on the rise with regulatory heavyweights looking to hire experts in the field. The United States’ Securities and Exchange Commission [SEC] is also looking to further its understanding of the field after it released a job posting,signaling their intention to hire a cryptocurrency analyst. Although the position itself has the designation of “Financial Analyst Cryptocurrencies – SEC,” the industry specified in the job listing stated “Securities Regulation.” According to the job posting, the crypto-specialist will provide “expertise and coordinate TM activities regarding crypto and digital asset securities.
Bitcoin Tumbles After Officials Allege $850 Million Fraud

Bitcoin Tumbles After Officials Allege $850 Million Fraud

The cryptocurrency markets buckled on Thursday evening after New York’s attorney general accused the owners of a prominent exchange, Bitfinex, of using illicit transactions to mask $850 million in missing funds. According to a 23-page legal filing, Bitfinex raided the reserves of a so-called stablecoin called Tether—a digital currency purportedly backed one-to-one by U.S. dollars—in order to pay out customers demanding withdrawals from the exchange. The news caused Bitcoin to fall nearly 6% to around $5,100, and raises questions about the viability of Tether, which m
JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

Investment banking giant JPMorgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017, currently allows its over 220 banking members to quickly address payments that contain errors or get held up for compliance reasons – problems that can takes weeks to solve with multiple banks being involved across the payments chain.
BRAZIL TRADES A RECORD 100,000 BITCOIN IN 24 HOURS

BRAZIL TRADES A RECORD 100,000 BITCOIN IN 24 HOURS

Brazil, the largest Latin American economy, broke a new record when Brazilian exchanges traded over 100 thousand bitcoin within 24 hours. In parallel, Brazil reported that its economic activity in February fell to the lowest level in the last nine months. The battle between Brazil and Argentina for the supremacy of the Bitcoin market in Latin America reached a new dimension. Cointrader Monitor, a monitoring tool that analyzes Bitcoin price movements in Brazil, announced that Brazilian cryptocurrency exchanges traded over 100,000 BTC  on April 10, 2019.
China wants to ban Bitcoin mining because it 'seriously wasted resources

China wants to ban Bitcoin mining because it 'seriously wasted resources

As China tries to cut back on air pollution that has choked cities like Baoding and Shanghai, it's taking aim at cryptocurrency mining. The National Development and Reform Commission (NDRC), the country's chief planning regulator, has unveiled a paper with a proposal to ban Bitcoin mining, saying it has "seriously wasted resources." In a typical Bitcoin mining operation, powerful banks of computers are dedicated to crunching out "blockchain" numbers that serve absolutely no purpose, but have value because people think they do. Nearly three quarters of cryptocurrencies are mined in China, generating anywhere up to 10 million tons of carbon dioxide, according to a recent study in Nature Sustainability.
Bitcoin Briefly Breaks New $5,300 Support as Traditional Markets Grow

Bitcoin Briefly Breaks New $5,300 Support as Traditional Markets Grow

Monday, April 8 — Bitcoin (BTC) and Ethereum (ETH) have continued gaining momentum, while most of the top 20 coins by market cap have plunged in the red today. Ontology (ONT) and Bitcoin Cash (BCH) are seeing the biggest losses out of the top 20 coins, down 7.6 and 6.4 percent over the past 24 hours at press time, according to CoinMarketCap. The largest cryptocurrency, Bitcoin, has continued to climb today, with its price reaching as high as $5,315 earlier in the day. At press time, Bitcoin is slightly up by 0.4 percent, trading at around $5,171. Having continued hitting multi-month highs, Bitcoin is up 24.4 percent over the past 7 days.
Bitcoin Most Overbought Since Record Run, Technical Gauge Says

Bitcoin Most Overbought Since Record Run, Technical Gauge Says

Here’s something for recently emboldened crypto enthusiasts to mull: Bitcoin is now at its most expensive level since just before the spectacular crash of the most widely owned digital currency.As the coin’s price broke above $5,000 for the first time since November this week, the GTI Global Strength Indicator, a technical analysis tool, showed it’s the most overbought since its run-up to nearly $20,000 in December 2017. Similar patterns have in the past presaged multi-week downturns. Bitcoin climbed another 3 percent on Friday.“The market got so compressed, volatility was so low, it just went poof! It broke out. It was released from the cage,” said Bloomberg Intelligence analyst Mike McGlone. “Now it’s a question of duration and I suspect when you have such a massive bubble, you’ll always have an overhang of people who need to sell.”
Bitcoin spike blamed on an April Fools' joke — but that's not why it rallied

Bitcoin spike blamed on an April Fools' joke — but that's not why it rallied

Bitcoin wasn't immune to April Fools' Day jokes.One prank in particular got some credit for boosting the price of the world's largest cryptocurrency. After bitcoin broke above $5,000 on Tuesday, its highest level of the year, some blamed trading algorithms designed to buy or sell based on news. As some speculated, robots triggered a buying frenzy after an April Fools' Day article by Finance Magnates outlined an "emergency meeting" by regulators over the weekend to approve a bitcoin exchange-traded fund.But multiple experts say the buzz was not responsible for bitcoin's recovery. Hunter Horsley, whose company Bitwise was mentioned in the April Fool's Day report, said there was no truth to the ETF rumor.
Up 100%: Litecoin Price Sets Q1 Performance Record

Up 100%: Litecoin Price Sets Q1 Performance Record

Litecoin’s (LTC) price has doubled in the first three months of 2019 to register its best first-quarter performance on record.The fourth-largest cryptocurrency by market capitalization is currently trading at $61, representing a 100 percent gain on January’s opening price of $30. It clocked a six-month high of $64.20 earlier this month, according to Bitfinex data.Last year, prices had dropped 48.5, 30, 24.6 and 49 percent in each quarter, respectively. The four-quarter losing streak was the second largest on record and saw prices fall by 86 percent.
Bitcoin Rallies As EOS Crushes Crypto Market

Bitcoin Rallies As EOS Crushes Crypto Market

Markets are green again, with many leading cryptocurrencies showing double-digit growth. What appears to be an EOS-led movement is putting life back into the market, and some investors are optimistic for a new ‘alt-season.’Almost all of the top hundred cryptocurrencies are making gains. EOS has risen the most, having hopped up from $3.70 to 4.14% since 23:00 GMT last night. It has now pushed past its 200-day moving average, a bullish sign.Another big winner is Cardano (ADA), which recently rejoined the top-ten, replacing TRON (TRX). ADA is currently trading 10% above where it was on Tuesday.


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