Bitcoin Prices May Surge But High Fees a Challenge

Bitcoin up 9.5 percent High transaction fees will lead to financial exclusion In Jeff Garzik’s deduction, high Bitcoin fees, despite Lightning Network development, will, in the long run, slow down adoption. Meanwhile, Bitcoin is up 9.5 percent from last week’s close trading above $8,000. Bitcoin Price Analysis Fundamentals Jeff Garzik is one of Satoshi’s early collaborators. Together with Garvin, they are relentless in their advocacy for a trustless network. He diverged from Bitcoin and was an ardent supporter of Segwit2X, a scaling solution that failed to take off.  Jeff now…

Facebook’s GlobalCoin Could be Launching as Soon as Next Year

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant,…

Ripple Prices Ranging, Will Siam Commercial Bank Leverage XRP?

XRP up 3.2 percent.  Thailand’s oldest bank, Siam Commercial Bank (SCB), to pioneer Ripple’s Multi-hop. Siam Commercial Bank (SCB) will pioneer Ripple’s Multi-hop feature, although the public will wait for further announcement on whether the bank will utilize XRP in their future transactions. Meanwhile, XRP is ranging, adding 3.2 percent from May 23rd close. Ripple Price Analysis Fundamentals For any cryptocurrency project to be successful, it must partner with companies, finding use cases in the process. That is what many have disclosed in their white papers, and Ripple is no…

3 Crypto Charts That Prove Bitcoin Is About to Bleed Market Share

By CCN: “Alt season” is one of the most profitable phases of the cryptocurrency market cycle. It is a period when all altcoins – from large-cap to small-cap – go through exponential growth, often at the expense of bitcoin. We experienced this phenomenon early this year, until bitcoin’s parabolic rise over the last few weeks shattered many altcoins to the point of capitulation. With many large-cap coins suffering tremendous losses, it is easy to assume that altcoins are bearish. However, nothing could be further from the truth. A closer analysis…

Crypto Exchange Binance Confirms Margin Trading Coming ‘Soon’: Report

Binance has confirmed it will be launching a margin trading service, after the cryptocurrency exchange accidentally tweeted images suggesting the service was in development. First noticed by Twitter users earlier on Friday, Binance posted screenshots of its platform in dark and light modes, asking users which one they preferred. The screenshots contained a dedicated tab titled “Margin,” with a message saying that margin trading carries a “higher potential profit,” but also “greater risks.” Margin trading refers to using borrowed funds from a broker or exchange to trade an asset. Image via…

Long-Term Bitcoin Price Indicator Rises for First Time in a Year

View Bitcoin has risen back to $8,000 with the widely tracked 200-day moving average beginning to curl upwards in favor of the bulls for the first time since May 2018.  A bull flag breakout seen in the hourly chart indicates scope for a rise to $8,400. The breakout is backed by bullish readings on both the hourly and 4-hour charts.  A rally to $8,400 may not be sustainable, unless the move is backed by a rise in trading volumes. The daily chart is reporting a bearish divergence of trading volumes.…

Bestmixer.io Seized by Europol | Money Laundering

Europol indicated that on Wednesday the Dutch Fiscal Information and Investigation Service had seized Bestmixer.io which is a bitcoin transaction mixer. A statement from Europol referred to the action as the “first law enforcement action of its kind against such a cryptocurrency mixer service.” Europol, FIOD and Luxembourg Authorities Seize Bestmixer.io The operation that was carried out jointly by Europol, FIOD and Authorities in Luxembourg was started in June last year after Bestmixer services were flagged by Internet security firm McAfee. Following the crackdown, six servers were seized in Luxembourg…

The Abyss Platform Partners With Epic Games

Epic Games—the developer behind the global success Fortnite—is partnering with blockchain game distribution platform, The Abyss. The company made the announcement earlier today. Epic Games and The Abyss Blockchain The Abyss blockchain is a new digital gaming platform that offers MMO’s (Massively Multiplayer Online games) and other video games. Offering a Platform-as-a-Service (PaaS) business model, it gives indie-studios the ability to develop, run, market and manage their games. There is no interference from a third party. Further, users can generate income via “the unique multilevel referral program which serves as…

Bosch is Trialing on Ethereum as ETH Drop 4.8% in a Retracement

Ethereum (ETH) down 4.8 percent and hanging Bosch, Samsung, and Amazon see potential in Ethereum Vitalik zeroed in on Augur and Kleros as two projects that would eliminate human verification, as Bosch said they are trialing projects in Ethereum. Prices are stable, down 4.8 percent. But bills still have control.  Ethereum Price Analysis Fundamentals On April 30th, Elon Musk tweeted, “Ethereum” and that was enough for Ether prices to move, jolting bulls and could have been the precursor to what we are currently witnessing. What we have seen is a…

Coinbase Opens DAI Stablecoin Trading to Retail Customers

Crypto exchange Coinbase will now let its retail customers buy or trade the DAI stablecoin, so long as they don’t live in New York. The exchange announced Thursday that it was adding DAI on its website, as well as its Android and iOS apps, letting customers buy, sell, convert, trade or store the stablecoin. Customers in every jurisdiction – except New York initially – can now access the cryptocurrency, which runs on top of the ethereum blockchain. Although Coinbase did not explain why the token is not yet available in New…