Archive | July 10, 2018

YouTube Being Sued for BitConnect Negligence

BitConnect was a high-yield cryptocurrency investment ponzi scheme that collapsed in January 2018, and now YouTube is being sued for alleged negligence in propagating BitConnect content. Apparently, YouTube published over 70,000 hours of unedited BitConnect connect, generating 58 million views, possibly resulting in hundreds of thousands of victims. The founder of the Silver Miller law […]

Ripple Price Analysis: XRP/USD Extending Slide

Key Highlights Ripple price is under a lot of pressure and it recently broke the $0.4500 support against the US dollar. There is a short-term declining channel in place with resistance at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current decline towards… […]

London School of Economics Announces First Online Cryptocurrency Course

One of England’s most venerable institutes of financial learning has announced an online course on investing in cryptocurrency starting August 28. Famed London Institute Launches Crypto Course The Financial Times has reported that the London School of Economics will be offering a new course dubbed “Cryptocurrency Investment and Disruption,” The courses mandate is to give students… […]

Ethereum Price Analysis: ETH/USD Remains at Risk

Key Highlights ETH price declined heavily and traded close to the $425 support area against the US Dollar. There is a crucial bearish trend line in place with resistance at $448 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating losses and it is facing many resistances on the upside… […]

Ethereum Price Analysis – Signs of continued growth

Based on unique addresses, nodes, and job listings, Ethereum shows signs of continued growth and usage throughout 2018 and 2019. If or how this will translate into price is not yet apparent. The next wave of bullish price action may well be driven by t…

Localbitcoins Trader Sentenced to One Year in Prison

A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

Bitcoin is the best bet for cryptocurrency investors, says Wall Street trader – CNBC

CNBCBitcoin is the best bet for cryptocurrency investors, says Wall Street traderCNBCBitcoin is still the best bet for crypto investors as people are “functionally using” it, Bart Smith told CNBC. “If you want to own the asset that you can actually use today and that people are functionally using, it’s bitcoin,” Smith, head of digital […]

How Switzerland is shaping global cryptonomics

Switzerland’s banking culture is synonymous with growing the wealth of the rich and hiding it away from the rest of the world to preserve it. Is this the right environment for global cryptocurrency policy-shaping to be taking place?