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Tax Day Came and Went but Bitcoin Slipped Back Below $8,000

Bitcoin fell below $8,000 as the US tax deadline came and went, analysts say give it a few days. Tax Day Rally Proves to be a Bust As the much anticipated April, 15 deadline for filing US income tax passes the forecasted rally of the cryptocurrency market was nowhere to be seen as Bitcoin once

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Bitcoin fell below $8,000 as the US tax deadline came and went, analysts say give it a few days.

Tax Day Rally Proves to be a Bust

As the much anticipated April, 15 deadline for filing US income tax passes the forecasted rally of the cryptocurrency market was nowhere to be seen as Bitcoin once again dropped below $8,000 during trading this morning.

The trading price hovered at around $8,000 yesterday through the morning and for most of the afternoon but then fell off briskly losing $200 in just 30 minutes around 4:00 pm according to coinmarketcap.

Cryptocurrency is considered as property by the Internal Revenue Service meaning that any profits made from them are subject to the capital gains tax. US households could owe as much as $25 billion in taxes from cryptocurrency profits resulting from the tremendous rise of prices in 2017. It’s been this number that Bitcoin Bulls led by Tom Lee of Fundstrat have been blaming for the slow recovery of Bitcoin since the market correction at the beginning of the year.

Lee who is a regular commentator on shows like CNBC’s Fast Money and head of research at Fundstrat Global Advisors has said that the continued selling pressure was due in part to those who had made large profits in 2017 now needing to liquidate assets in order to pay off their capital gains tax.

Lee had hedged his bets somewhat when speaking to Bloomberg by saying that with so little positive news in the cryptocurrency market thus far in the year the tax deadline may not be enough to reverse the trend, adding that

 “Regulatory headline risk is still substantial… And sentiment remains awful, as measured by our bitcoin misery index, which is still reading misery.”

Lee still holds to his long-term predictions of Bitcoin returning to its highest price of $20,000 by mid-summer and then going beyond through the autumn of 2018.

Bulls Still Looking for Bitcoin to Make Record Highs in 2018

Jack Tatar, co-author of “Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond” tends to agree with Lee that Bitcoin should see substantial upward price movement towards the end of the year as he told CNBC;  “I do believe that later in the year we’ll see a breakout as more institutional money comes in and investors become better educated.”

Bitcoin had been experiencing a mini-recovery spiking to it’s highest price since March at $8,151.10 on Tuesday. Some attributed this to a blog post listing the positive aspects of cryptocurrencies by  International Monetary Fund Managing Director Christine Lagarde. Lagarde wrote in the post;

Policymakers should keep an open mind and work toward ­­an even-handed regulatory framework that minimizes risks while allowing the creative process to bear fruit,“.

This was a distinct change from her last cryptocurrency related post which warned of its use for financing terror and money laundering. At the time of writing Bitcoin had recovered marginally and was trading at $8,100.

 

Image from Shutterstock

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Trio of Ex-Google Execs Form Blockchain Alliance

Three ex-Google executives have banded together to form xGoogler Blockchain Alliance (GBA), a community with a goal of developing and promoting blockchain innovations. The GBA is active already in San Fransisco, Beijing, and Shanghai, with plans to soon expand the project. xGoogler Blockchain Alliance The project managers, investors, and advisors of GBA include Andy Tian, Hitters Xu, and …

The post Trio of Ex-Google Execs Form Blockchain Alliance appeared first on BitcoinNews.com.

Three ex-Google executives have banded together to form xGoogler Blockchain Alliance (GBA), a community with a goal of developing and promoting blockchain innovations.

The GBA is active already in San Fransisco, Beijing, and Shanghai, with plans to soon expand the project.

xGoogler Blockchain Alliance

The project managers, investors, and advisors of GBA include Andy Tian, Hitters Xu, and Daniel Wang. As well as the prior experience at Google, each founder has a history in the broader technology sector.

Tian produced Ethereum-based gifting platform Gifto that currently maintains 20 million users. Xu developed the public blockchain network Nebulas, and Wang founded the decentralized token exchange protocol Loopring.

It is, however, their experience at tech conglomerate Google that they see as the biggest asset to bolstering the awareness around blockchain. Tian spoke on the matter, saying, ”Google has always been in the forefront of new technologies worldwide, from Android to AI. As Googlers, we can bring our unique experiences to expand blockchain’s influence, to everyone, everywhere.”

The blockchain industry

The GBA has the potential to become a valuable hub for blockchain startups. This is a much-needed development, as blockchain is the second fastest growing industry in the labor market. As reported by TechCrunch, there are 14 jobs opening up for every suitable developer.

Robbie Mitchnick, an MBA student at Stanford Business School, spoke to CNBC on the change in the norm for finance students. Previously, Wall St was the top job for such students, but an increasing number are leaving elite business schools and joining blockchain or cryptocurrency startups.

”We’ve got a lot of people who came from traditional finance backgrounds that are forgoing the chance to go back into that world to get involved in blockchain,” he said.

Top business schools have begun expanding their course offerings to include modules on Bitcoin, cryptocurrencies, and blockchain. Sao Paulo university Fundacao Getulio Vargas recently began to offer the first master’s degree in Bitcoin.

 

The post Trio of Ex-Google Execs Form Blockchain Alliance appeared first on BitcoinNews.com.

Bitcoin just popped 3% in minutes – Business Insider


Business Insider

Bitcoin just popped 3% in minutes
Business Insider
Bitcoin’s price rallied around 3% against the dollar in a space of five minutes on Wednesday morning, the second dramatic price move in as many days for the cryptocurrency. Bitcoin gapped past $8,000 per coin between 7.45 a.m. GMT (2.45 a.m. ET) and 7

and more »


Business Insider

Bitcoin just popped 3% in minutes
Business Insider
Bitcoin's price rallied around 3% against the dollar in a space of five minutes on Wednesday morning, the second dramatic price move in as many days for the cryptocurrency. Bitcoin gapped past $8,000 per coin between 7.45 a.m. GMT (2.45 a.m. ET) and 7 ...

and more »

Samsung Investing in Blockchain Shipping Technologies

Samsung is joining a number of other companies in exploring the idea of using blockchain logistics to streamline global supply chains. It is reported that the tech giant has already begun developing a distributed ledger system to monitor international shipments. Recently, IBM has teamed up with Danish shipping giant Maersk and India’s JM Baxi, in order to digitalize their import …

The post Samsung Investing in Blockchain Shipping Technologies appeared first on BitcoinNews.com.

Samsung is joining a number of other companies in exploring the idea of using blockchain logistics to streamline global supply chains. It is reported that the tech giant has already begun developing a distributed ledger system to monitor international shipments.

Recently, IBM has teamed up with Danish shipping giant Maersk and India’s JM Baxi, in order to digitalize their import and export process with blockchain.

Energy is one of the most frequently traded resources and the implementation of a more efficient system has captivated market leaders. BP was testing a gas trading platform, while E.ON and Enel, have also experimented with similar energy trading platforms.

Sinochem, one of China’s main oil companies, used blockchain to monitor and store data on a shipment of gasoline to Singapore.

Issues surrounding current logistics

The top 20 exporters of containerized cargo transport a total of around  127.6 million fully-loaded TEUs (twenty-foot equivalent unit) globally a year. Countries with a higher level of human intervention can take up to 11 days to process logistics. OECD countries have managed to reduce this to about 9 hours but the process is still prone to human error.

Fraudulent goods are worth USD 1.4 trillion globally and tax avoidance continues to be an issue. Not only does this affect profits but health depending on the type of product and its use. There is a growing concern among consumers about imitations and problems with verifying the authenticity of a product.

Documentation can be held up or lost by middlemen, resulting in perishable goods being stuck in transit. This can end up costing up to a fifth of the total transportation costs as well as the price of the goods.

Benefits of blockchain logistics

Blockchain is set to help shippers, ports, customs offices and many other parties in the global supply chain by replacing paperwork with irrefutable digital records.

Blockchain could provide proof of provenance for goods by tracking them globally from the manufactures. Import details, fees, and taxes could all be programmed into smart contracts that release payments automatically once the conditions where met. Customers will see an improvement in services as the overall speed of the processes increase.  Tracking will include improved shipment data with timestamps and data being instantly accessible through a ledger.

Blockchain will benefit logistics by providing enhanced security and vendor management, as well as preventing the loss of goods.

 

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Citigroup Searches for Bitcoin Professionals to Deter Money Laundering

Citigroup is advertising positions for Bitcoin professionals in order to beef up their in-house anti-money laundering operations. Citi wants Bitcoin Specialists to Help Deter Crypto Crime The New York financial services giant Citigroup has posted ads on LinkedIn searching to fill vice president and senior vice president positions that will explore the risks of criminal

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Citigroup is advertising positions for Bitcoin professionals in order to beef up their in-house anti-money laundering operations.

Citi wants Bitcoin Specialists to Help Deter Crypto Crime

The New York financial services giant Citigroup has posted ads on LinkedIn searching to fill vice president and senior vice president positions that will explore the risks of criminal activity associated with cryptocurrency and other digital payment technologies. The job advertisements stress “knowledge of cryptocurrency and bitcoin monitoring.” Candidates with a Bitcoin Professional Certificate will move to the head of the line.

The position of senior vice president is described on LinkedIn as “support the Global Head of AML Monitoring Risk Management-Emerging Risk by identifying, analyzing, and implementing AML transaction monitoring risk programs related to developments in cybersecurity, cryptocurrency, and emerging payment technologies, products, and methods,”

Including the Bitcoin Professional Certificate is an unusual qualification for a position in such a venerable company. When LinkedIn was searched with the qualification as a keyword only the Citigroup ad was found.

A CPB is unlike similar-sounding qualifications like CPA or CFA as it can be had by paying $50 and taking a 75 question multiple choice test online. The CPB certificate is meant to show a level of proficiency in Bitcoin transactions not to indicate any mastery of the technology that powers the cryptocurrency.

Citi’s Hunt for Certified Crypto Professionals may Indicate a Change in Company Position

The LinkedIn advertisements may indicate a change of position for Citigroup who in the recent past have banned customers from making cryptocurrency purchases with their credit cards. Nor has the group joined other financial giants like Morgan Stanley and Goldman Sachs in clearing Bitcoin futures trades for clients.

Ryan Taylor, the chief executive officer of Dash Core, was quoted by Business Insider as saying;

“Citi is very seriously looking at risks surrounding the nascent market for digital currencies. They are either identifying risk to eliminate certain profiles, or this could be a prerequisite to identifying new opportunities in the space at a later point,”

Despite its apparent hostile position to cryptocurrency, Citigroup has been looking into distributed ledger technology for some years now and have developed their own blockchain in order to run a currency called Citicoin in an attempt at creating a platform similar to Bitcoin.

The financial group had also created an accelerator to fund promising fintech startups in Hong Kong called Citi Mobile Challange Asia- Pacific as far back as the summer of 2015.

 

Image from Shutterstock

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Ethereum Price Technical Analysis – ETH/USD Hold Key Support

Key Highlights ETH price is trading above a key support near the $502 level against the US Dollar. Yesterday’s highlighted crucial bullish trend line with support at $502 is intact on the hourly chart of ETH/USD (data feed via Kraken). There was a false downside break recently, but the pair recovered back above $500. Ethereum

The post Ethereum Price Technical Analysis – ETH/USD Hold Key Support appeared first on NewsBTC.

Key Highlights

  • ETH price is trading above a key support near the $502 level against the US Dollar.
  • Yesterday’s highlighted crucial bullish trend line with support at $502 is intact on the hourly chart of ETH/USD (data feed via Kraken).
  • There was a false downside break recently, but the pair recovered back above $500.

Ethereum price stayed in a positive zone against the US Dollar and Bitcoin. ETH/USD must move above the $524 level to extend gains in the near term.

Ethereum Price Support

Yesterday, we discussed about a few key supports near $500 in ETH price against the US Dollar. The price moved down recently and broke the $490 level. However, it seems like it was a false break since the price moved back above $500. A low was formed at $487 and the price moved above the 50% Fib retracement level of the last decline from the $524 high to $487 low.

More importantly, yesterday’s highlighted crucial bullish trend line with support at $502 is intact on the hourly chart of ETH/USD. The pair is currently trading above the trend line support at $502 and the 100 hourly simple moving average. It seems like the pair is well supported above the $485-500 zone. On the upside, it is facing a few key hurdles near the $425 level. An initial resistance is near the 76.4% Fib retracement level of the last decline from the $524 high to $487 low. However, a break above the recent high at $424 is needed for buyers to gain control in the near term.

Ethereum Price Technical Analysis ETH USD

Looking at the chart, it looks like the price is trading in a range above $500. Having said that a daily close below $500 could be significant and it could put a lot of pressure on buyers.

Hourly MACD – The MACD is currently placed in the bearish zone.

Hourly RSI – The RSI is now well below the 50 level with a negative angle.

Major Support Level – $502

Major Resistance Level – $524

The post Ethereum Price Technical Analysis – ETH/USD Hold Key Support appeared first on NewsBTC.

Significant Trade Volume Triggers Localbitcoins KYC Requirement

Significant Trade Volume Triggers Localbitcoins KYC RequirementAccording to a recent thread on Reddit, Localbitcoins traders allegedly have to verify their identity if they are trading “significant” volume using the peer-to-peer platform. Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash Localbitcoins ‘Error’ Involves Know-Your-Customer Verification Bitcoin users are frantically searching other exchanges today that don’t require Know-Your-Customer (KYC) verification. […]

The post Significant Trade Volume Triggers Localbitcoins KYC Requirement appeared first on Bitcoin News.

Significant Trade Volume Triggers Localbitcoins KYC Requirement

According to a recent thread on Reddit, Localbitcoins traders allegedly have to verify their identity if they are trading “significant” volume using the peer-to-peer platform.

Also Read: Meet Memo: An On-Chain Social Network Built on Bitcoin Cash

Localbitcoins ‘Error’ Involves Know-Your-Customer Verification

Significant Trade Volume Triggers Localbitcoins KYC RequirementBitcoin users are frantically searching other exchanges today that don’t require Know-Your-Customer (KYC) verification. A post on the Reddit forum /r/bitcoin on April 17 showed a picture that stated a Localbitcoins user’s trade volume was “significant” this past year, and the trader had to verify their identity in order to keep trading. The picture reads:

Error! Your trade volume has been significant in the last twelve months. Please verify your identity to continue trading.

Localbitcoins does use a verification process but it’s never really been enforced, although some believe more traders will trade with you if you are verified. Much like the rest of the exchanges out there that do require immediate verification, Localbitcoins uses an ID service called ‘Netverify,’ created by a company called Jumio. Basically, the user uploads a picture of both sides of their license or state ID and in a few minutes, the platform reveals if the identification is a legitimate or not.

Significant Trade Volume Triggers Localbitcoins KYC RequirementThe Long-Lasting Bastion of Freedom Fell

The post on Reddit submitted on Tuesday is not the first time this news has spread among the cryptocurrency campfire. Back in January of 2018, there are posts on Reddit and Bitcointalk that show another trader required to use their ID to trade on Localbitcoins. Immediately the discussion among bitcoiners turned to decentralized exchanges like Bisq, Hodl Hodl, and Barterdex. The Reddit user /u/yellowcuda who created the post has an account that is three years old, and further down the thread he states:   

To clarify: me and many of my peers who use Localbitcoins started getting this notification upon signing in, requiring them to submit their ID. Without it, you cannot continue trading. This is it, folks — The long-lasting bastion of freedom fell.

Many of the decentralized exchanges (DEX) today do have operational platforms, but liquidity on exchanges like Hodl Hodl, Bisq, Openledger, Bartdex, Idex, and Waves is not that much compared to centralized exchanges (CEX). Further, some of the platforms are in the very early stages and don’t have the functionality and features found on large VC-funded trading platforms.

Significant Trade Volume Triggers Localbitcoins KYC Requirement

Lastly, a few decentralized exchanges do offer fiat pairs, but a lot of them don’t have access to fiat and most platforms offer cryptocurrency-to-cryptocurrency swaps. It’s safe to say that much of the issues tethered to Localbitcoins users being arrested and the company itself requiring verification is likely because people are swapping for fiat and nation-states like the U.S. don’t appreciate that kind of business without permission. There have been no statements made by the owners of Localbitcoins yet about this issue and there are no official updates on the main page.  

What do you think about Localbitcoins requiring users who trade “significant” volume to verify themselves? Let us know in the comments below.


Images via Shutterstock, Localbitcoins, and Twitter. 


Need to calculate your bitcoin holdings? Check our tools section.

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Bitcoin Price Technical Analysis for 04/18/2018 – Look Out for this Reversal Pattern

Bitcoin Price Key Highlights Bitcoin price is forming a head and shoulders on its 1-hour time frame to signal a potential selloff. Price already seems to be breaking below the neckline to confirm that sellers have the upper hand. Technical indicators are still suggesting that the uptrend could carry on, though. Bitcoin price formed a

The post Bitcoin Price Technical Analysis for 04/18/2018 – Look Out for this Reversal Pattern appeared first on NewsBTC.

Bitcoin Price Key Highlights

  • Bitcoin price is forming a head and shoulders on its 1-hour time frame to signal a potential selloff.
  • Price already seems to be breaking below the neckline to confirm that sellers have the upper hand.
  • Technical indicators are still suggesting that the uptrend could carry on, though.

Bitcoin price formed a short-term head and shoulders pattern, which is a classic selloff signal.

Technical Indicators Signals

The 100 SMA is still above the longer-term 200 SMA on the 1-hour time frame to indicate that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse.

Bitcoin price has broken below the 100 SMA dynamic support, though, so selling pressure could be picking up. Price could test support at the 200 SMA dynamic inflection point around $7600 next. The gap between the two is narrowing to signal weakening bullish momentum.

The head and shoulders pattern spans $7750 to $8400 so the resulting drop could be of the same height. If the current support levels hold, bitcoin price could recover to the shoulders around $8200 or past the head at $8400.

Stochastic is pointing up to show that there’s some bullish pressure left, but this oscillator is nearing overbought levels to reflect exhaustion among buyers. RSI is just starting to make its way out of the oversold region to signal a return in bullish momentum.

Market Factors

Traders had been expecting a strong rebound in bitcoin price after the tax deadline has passed, but it looks like market watchers are holding out for more clues. Sentiment has mostly been positive, coming off reports that big hedge funds are ready to place bets on the industry and the acquisition of Earn.com by Coinbase.

Dollar demand has been able to stay supported in recent sessions thanks to mostly upbeat economic data and hawkish Fed commentary. Easing geopolitical tensions have also lifted US bond yields, drawing traders back to the US currency as well.

Nonetheless, Q2 has historically been a positive quarter for bitcoin price and traders would likely try to take advantage of this tendency.

The post Bitcoin Price Technical Analysis for 04/18/2018 – Look Out for this Reversal Pattern appeared first on NewsBTC.

Suspect From Iceland Bitcoin Miner Theft Escapes Prison – Cointelegraph


Los Angeles Times

Suspect From Iceland Bitcoin Miner Theft Escapes Prison
Cointelegraph
A suspect being held in connection with a massive Bitcoin miner theft in Iceland earlier this year has escaped prison, local news the Iceland Monitor reports April 17. Sindri Þór Stefánsson escaped from from Sogni prison last night and police have
Suspect in Iceland’s ‘Big Bitcoin Heist’ escapes prisonLos Angeles Times

all 8 news articles »


Los Angeles Times

Suspect From Iceland Bitcoin Miner Theft Escapes Prison
Cointelegraph
A suspect being held in connection with a massive Bitcoin miner theft in Iceland earlier this year has escaped prison, local news the Iceland Monitor reports April 17. Sindri Þór Stefánsson escaped from from Sogni prison last night and police have ...
Suspect in Iceland's 'Big Bitcoin Heist' escapes prisonLos Angeles Times

all 8 news articles »

Bitcoin Cash Price Technical Analysis – BCH/USD Remains Range Bound

Key Points Bitcoin cash price is positioned nicely above the $720 support zone against the US Dollar. There is a short-term contracting triangle forming with support at $760 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to trade in a range before it makes the next move

The post Bitcoin Cash Price Technical Analysis – BCH/USD Remains Range Bound appeared first on NewsBTC.

Key Points

  • Bitcoin cash price is positioned nicely above the $720 support zone against the US Dollar.
  • There is a short-term contracting triangle forming with support at $760 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair may continue to trade in a range before it makes the next move above $790.

Bitcoin cash price is trading in a range above $720 against the US Dollar. BCH/USD is most likely to extend gains in the near term above $790-800.

Bitcoin Cash Price Support

Recently, there was a sharp downside reaction from the $788 high in bitcoin cash price against the US Dollar. It seems like it was a false break as the price recovered back above $740. The $720 support zone acted as a strong support and the price bounce back above the 50% Fib retracement level of the last decline from the $788 high to $724 low.

The price also moved back above the $750 level and the 100 hourly simple moving average. These are positive signs with a close above the $750 level. At the moment, there is a short-term contracting triangle forming with support at $760 on the hourly chart of the BCH/USD pair. The pair faces a minor resistance near the 76.4% Fib retracement level of the last decline from the $788 high to $724 low. A break above the $785-790 resistance area could open the doors for more gains.

Bitcoin Cash Price Technical Analysis BCH USD

Looking at the chart, the pair seems to be trading in a range above the $720 and $740 support levels. As long as the $720 support is intact, it may rise further. A break above the $800 handle would be the key for the next move in BCH in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slowly moving back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is just below the 50 level.

Major Support Level – $720

Major Resistance Level – $790

The post Bitcoin Cash Price Technical Analysis – BCH/USD Remains Range Bound appeared first on NewsBTC.

Asian Cryptocurrency Trading Roundup: Top Altcoin is Stellar Lumens

FOMO Moments The market correction has begun. Hopes that ‘tax day’ in the US would induce more bullish momentum have faded and buying pressure has largely been exhausted. Crypto markets are retreating a little during the morning’s Asian trading session, led once again by Bitcoin which has lost 1% on the day falling back under

The post Asian Cryptocurrency Trading Roundup: Top Altcoin is Stellar Lumens appeared first on NewsBTC.

FOMO Moments

The market correction has begun. Hopes that ‘tax day’ in the US would induce more bullish momentum have faded and buying pressure has largely been exhausted. Crypto markets are retreating a little during the morning’s Asian trading session, led once again by Bitcoin which has lost 1% on the day falling back under $8,000 once again. In the repetitive cycle we keep witnessing this has dragged most of the altcoins down with it, albeit marginally. One or two seem to be faring much better than the rest this morning and leading the way at the moment is Stellar Lumens.

Coinmarketcap is reporting an 11% gains for XLM during the morning’s trading in Asia. Most other altcoins are marginally up or down but very few are showing double digit gains. Stellar is currently trading at $0.31 up from $0.28 this time yesterday, over the week it has gained 55% from $0.20 the same time last Wednesday. The monthly picture is even brighter with Stellar climbing over 85% from its low of $0.167 on March 18. Against Bitcoin XLM is up 12% on the day to 3920 satoshis from 3500 sats this time yesterday. Over the past week Stellar has strengthened 34% against BTC from 2925 satoshis the same time last week.

Momentum has been largely driven by general positive market sentiment for all cryptocurrencies over the past week or so. Those that had the biggest losses such as Lumens and Cardano seem to have rebounded faster as traders and investors stock up on them at low prices. A number of build challenges and hackathons announced on their Twitter feed have kept the community busy and the altcoin was recently listed on Coindirect and Buybit.

The majority of trade in Asia this morning has been on Binance which commands 30% of the total volume. South Korean’s have been busy with it also as Upbit and Gopax are second and third with trade in KRW. Total XLM volume has increased over the past 24 hours by over 60% to $121 million. Stellar has remained firmly in the top ten for some time now and is currently 8th position with a market cap of $5.7 billion.

Total crypto market capitalization has remained stable over the past day and currently sits at around $326 billion. If the bears can be held off, upward momentum may continue. Other altcoins having a solid morning during Asian trading include Nem, Bytecoin and Steem.

More on Stellar can be found here: https://www.stellar.org/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Asian Cryptocurrency Trading Roundup: Top Altcoin is Stellar Lumens appeared first on NewsBTC.

Suspect From Iceland Bitcoin Miner Theft Escapes Prison

A suspect in the Icelandic Bitcoin miner theft, reportedly one of the largest criminal incidents in Icelandic history, has escaped from prison. #NEWS

A suspect in the Icelandic Bitcoin miner theft, reportedly one of the largest criminal incidents in Icelandic history, has escaped from prison. #NEWS