|Day's Range||7,257.26 - 8,132.22|
|52 Week Range||3,169.53 - 8,591.45|
|Volume (24hr) All Currencies||4.91B|
Bitcoin continuing to hold around $8k. The world's largest cryptocurrency by market cap has surged 50% to start the month - and some big name crypto players have been quick to declare this the end of the so-called crypto winter. Yahoo Finance's Zack Guzman & Kristin Myers, along with BigEyedWish Founder Ian Wishingrad discuss with 20-year-old crypto trader Erik Finman.
After teaming with the likes of Whole Foods, Gamestop and Nordstrom, Flexa Co-Founder and CEO Tyler Spalding explains how Flexa works to Yahoo Finance's Adam Shapiro, Julie Hyman, and Cornell Capital Partner Ann Berry.
Earlier this month, we reported cyber security pioneer and crypto advocate John McAfee’s belief that the US government would soon act in order to silence him. “I want you all to know that everything I have done, I have done for the cause of freedom. I want a world in which authorities discover crimes, not manufacture them. A free world,” he told his almost one million Twitter followers. McAfee is on the run from US authorities who earlier this year indicted him, his wife and four members of his staff for tax fraud. And this week a dramatic statement appeared on Twitter. “Developing events have made it necessary for John McAfee to go dark,” someone wrote on his account Thursday. “Please be The post John McAfee goes dark, posts link to Newsweek interview appeared first on Coin Rivet.
The battle between the regulators and the crypto-anarchists is going to be a long one. Now that the Bitcoin genie is out of the bottle and has been since 2008, governments and regulators have been slow to catch up with this new phenomenon. Many of the major exchanges now enforce KYC compliance on their customers, which removes much of the anonymity that cryptocurrency enthusiasts strive for. Those in favour of KYC compliance argue that it ensures customers’ safety, but is this truly the case? What is KYC? Know Your Customer – or KYC as it is often referred to – ensures that cryptocurrency exchanges know precisely who they are dealing with. The process usually involves uploading a selfie, a utility The post How KYC compliance keeps your cryptocurrency protected appeared first on Coin Rivet.
It’s been quite a week for the majors and the bulls will be looking to end it on a high to see momentum continue into next week…
Alyx Luxury fashion brand, Alyx, is set to use German blockchain foundation Iota’s DLT solution in the supply chain. Iota’s system will be implemented in partnership with Avery Dennison. Alyx customers will be able to track the journey of purchased items, from creation to the point of sale, with an app which reads QR codes. Matthew Williams, Creative Director at Alyx, told GQ: “We’re doing a blockchain prototype that shows the raw material to the finished garment. Our brand is about evolution not revolution, so we work on making the things we do better.” Whole Foods Flexa has launched its new payments network, enabling shoppers to spend cryptocurrencies in physical stores. This currently supports Bitcoin, Ether, Bitcoin Cash, and the The post Six retailers/brands that are all about the blockchain right now appeared first on Coin Rivet.
Bitcoin Cash has beaten Bitcoin to the punch and has implemented Schnorr Signatures onto its platform first – something its supporters are keen to remind proponents of BTC. However, the hard fork used to implement this upgrade didn’t quite go to plan, with a cyberattack seemingly taking place on the network. It has since recovered and is now working as normal. Bitcoin and Bitcoin Cash have a heated history of disagreement, but both appear to agree on the benefits of Schnorr Signatures. Why implement Schnorr Signatures? Schnorr Signatures have been around since the 1980s. However, due to a patent filed on the cryptographic technique by creator Claus Schnorr, the usage of Schnorr Signatures wasn’t widely available until 2008 – coincidentally The post Why Bitcoin Cash has signed up for Schnorr Signatures appeared first on Coin Rivet.
Mum of two and ex-management consultant Kim Goulde recently sat down with Coin Rivet to discuss her journey from once shrugging off Bitcoin to becoming a full-time HODLer. Kim told Coin Rivet how she first learned about Bitcoin and cryptocurrencies from one of her family friends (who’s a plumber) after he asked her to pay him in Bitcoin in 2012 as “he wouldn’t accept cash for a favour”. Seven years ago, she noted how there was “literally not much information about Bitcoin aside from occasional news about the currency being abused by underground criminals. My husband and I were sceptical, so we shrugged it off then.” Fast-forward four years later, and on a trip to Indonesia in 2016 to do The post Kim Goulde: ‘I realised how globally impactful Bitcoin and other cryptocurrencies can be’ appeared first on Coin Rivet.
Bitcoin crashed to a low of $6,380 on BitMEX this morning as the original cryptocurrency lost over $10 billion in market cap during a period of flash liquidations on the exchange. BitMEX’s price index is formed using a 50:50 split of the Bitstamp and Coinbase Pro BTC/USD markets. The sell-off seems to have been triggered due to a massive amount of BTC being sold all at once on the crypto exchange Bitstamp. Bitcoin was trading comfortably above $7,800 before the sale of 3,600 BTC (worth around $28 million) wiped just over $1,500 off the price of the decentralised asset to trade at a low of $6,175. Bitstamp just got completely destroyed by the algo. Really can't wait to see if The post BitMEX witnesses $225 million in long liquidations as BTC plunges to $6,400 appeared first on Coin Rivet.
If you’re a fan of Bitcoin Cash, you will find a lot of activity over on Reddit. Reddit has become an extremely popular place for many cryptocurrency communities with many announcements and plenty of discussion taking place. The history of the biggest Bitcoin Cash reddit page – r/btc – is an interesting one. Like Bitcoin Cash itself, r/btc split from the traditional r/bitcoin subreddit over claims of censorship stemming from the scaling debate issue. Why was r/btc created? While the scaling debate still rumbles on to this day following the split of Bitcoin and Bitcoin Cash, it was the split of the Bitcoin subreddits that happened first. There are two major cryptocurrency subreddits: r/Bitcoin and r/btc. r/btc was created as The post The Bitcoin Cash subreddits you need to start following appeared first on Coin Rivet.
Today the price of Bitcoin is US$7332.92; Ethereum is US$239.91; Ripple is US$0.383254; Bitcoin Cash is US$367.61 and Litecoin is US$88.99. These are the Top 5 cryptocurrencies by market capitalisation. About the Top 5 cryptocurrencies The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalisation. Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying The post The Top 5 cryptocurrencies latest price appeared first on Coin Rivet.
It’s down but not out for the crypto bulls. While double-digit losses have eaten into the weekly gains, it’s going to be about the 2nd half of the day.
A raft of new ‘For Dummies’ guides are about to hit the world’s bookshelves – all with a cryptocurrency or blockchain theme. Cryptocurrency Investing For Dummies, Ethereum For Dummies, and Blockchain For Dummies (Second Edition) will be released between now and July. The subjects are natural progressions for the 28-year-old series which first launched in 1991 with an easy-to-use manual for early computer operating systems, sparking a frenzy for copies of DOS For Dummies. In 1992, Andy Rathbone’s Windows For Dummies became the world’s best-selling computer book, and remains so to this day with more than 15m copies sold. Out now is Kiana Danial’s Cryptocurrency Investing For Dummies, which is designed to help the amateur understand and navigate their way The post New crypto and blockchain books just for dummies appeared first on Coin Rivet.
Hong Kong-based crypto exchange Bitfinex saw a short position worth around $84 million (10,500 BTC) closed on Thursday as the long/short dynamics on the major exchange dropped from 52% short to under 40% in a matter of minutes. The 12% change in the long/short ratio can be seen as a bullish switch in sentiment as the total number of margin shorts has fallen from an early May high of 32,000 BTC to its current level of just under 17,000. The $130 million in total margin short interest is trading in the BTC/USDT market, which has a verified volume of close to $200 million of trading action every day. $84 million short closed on Bitfinex #BTCUSD $BTCUSD #Bitcoin pic.twitter.com/5vUSzsuyjL — Nawaz The post $84 million BTC short position closed on the Bitfinex exchange appeared first on Coin Rivet.
Cryptocurrency exchange Gemini is now offering support for hardware security keys via WebAuthn. The new feature will allow customers to use a hardware wallet, MacOS TouchID, and even Windows Hello as a two-factor authentication (2FA) method when signing in to a Gemini account. The US-based exchange has claimed that it is “the world’s first crypto exchange and custodian to support the WebAuthn security protocol”. Protecting our customer’s assets is always our highest priority. Today, we’re raising the #crypto bar even higher — Gemini customers can now use hardware security keys — USB keys, @apple TouchID, and @microsoft Windows Hello as 2FA credentials: https://t.co/JChyrPFmFi — Gemini (@Gemini) May 15, 2019 Using hardware security keys via WebAuthn to secure your Gemini account The post Gemini exchange adds hardware wallet support via WebAuthn appeared first on Coin Rivet.
Buying sentiment towards the Dollar took a hit on Wednesday afternoon after US retail sales unexpectedly declined in April for the second time in three months.
Payment network Flexa has an app called Spedn that lets you use cryptocurrency to shop at stores. Flexa co-founder and CEO Tyler Spalding talked to Yahoo Finance’s On the Move about the app.
Daily trading volume across all cryptocurrencies on CoinMarketCap.com has eclipsed the psychological $100 billion level over the last couple of days. Going back to the last major cryptocurrency bull run in early 2018, daily trading volume was hovering around the $50-$60 billion range, while the total market capitalisation was over $800 billion for all crypto assets. Today’s new trading volume high is based on a fraction of that total market cap however, as the market value currently stands at $243 billion. If you look at the market cap to volume ratio comparison between now and the last major bull run, the market looks to be in a much healthier place given that it takes approximately two-and-a-half days to turn over The post Crypto trading volume hits $100 billion on CoinMarketCap.com appeared first on Coin Rivet.
Macro UpdateEarlier this week our research highlighted institutional flows into the Grayscale Bitcoin Trust (only qualified accredited investors can invest directly in GBTC with a minimum investment of $50,000) reaching an all-time high.The post What the bitcoin derivative markets are telling us appeared first on The Block.
Blockstream has announced the upcoming release of a new tokenised securities platform that can be used by businesses issuing security tokens directly on top of the firm’s custom-built Liquid Network. In a press release shared with Coin Rivet, the team said: “The Liquid Securities platform marks the first Liquid-based product to be launched by Blockstream, and is a major step in commercialising the fast-growing inter-exchange settlement network.” Blockstream went on to outline how “issuers can use the Liquid Securities platform to handle issuance and token management” for their potential clients. The team detailed how the Liquid Securities platform can provide a simple interface for businesses to issue, manage, and monitor the usage of their security tokens, saying: “Rules for token The post Blockstream reveals tokenised securities platform for the Liquid Network appeared first on Coin Rivet.
London-based financial services firm Mode has announced its first product – a crypto-backed lending platform for businesses – will launch later this month. The company is aiming to become the UK’s first fully-regulated digital-asset bank as it works on building an ecosystem of products and services designed to bridge the gap between digital and traditional finance. The service is aimed at companies which hold Bitcoin and Ethereum – whether through direct purchase, investment, or as payment from clients. Terms of up to 90 days are offered, with further extensions possible which can be repaid at any time without incurring fees. Mode is a subsidiary of fintech group R8 – an umbrella organisation over Mode and sister company JGOO, which is The post Crypto lending platform for business launches this month appeared first on Coin Rivet.
At the time of writing, the positive momentum in the crypto markets is roaring on. I can’t really say how or where the rally started. My personal bet is that it started with the Bitfinex controversy, which was in fact welcomed by a great deal of the crypto-community. Bitcoin has since broken past the $6,000, $7,000, and $8,000 levels with ease. . @bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each. A legion of inside and outside users made investments for > 1m each. — Paolo Ardoino (@paoloardoino) May 13, 2019 According to Bitfinex CTO Paolo Ardoino, $1 billion of fresh The post Cryptocurrency market update: To the moon? appeared first on Coin Rivet.