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  • Bitcoin Price Analysis: Resistance Turned Support Enforces Bullish Continuation

    Summary:After breaking out of a macro reaccumulation range, the market saw a small pullback that led to a retest of prior resistance that is now being respected as support. The market was previously unable to close a daily level above $5,400 but so far after three tests, the market has established intraday support.The market structure remains bullish as we establish higher highs and higher lows. The next milestone for a bullish continuation is a daily close abo...

  • Samsung Invests $2.9 Million in Crypto Wallet Manufacturer Ledger

    Telecom giant Samsung has invested 2.6 million euros ($2.9 million) into crypto wallet manufacturer Ledger, the French financial publication Capital reports. The investment gives the France-based startup a nearly $290 million valuation, per the report.The news came shortly after CoinDesk Korea reported that Samsung is developing a blockchain platform and native digital asset of its own. The project, which is being conducted by the South Korean tech giant’s blockchai...

  • With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

    Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period. According to its report, the firm has originated over $1.53 billion since its trading service was launched in March 2018.In addition, the company’s total active loans increased to $181 million, a 17 percent increase over Q4 2018.“We expect to see sustained growth in the lending market in Q2,...

  • Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

    Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bit...

  • SEC, CFTC Issue Investment Warning on Crypto Scams

    Sensing a rise in crypto-related scams and fraudulent investment schemes, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.The warning was published on April 24, 2019, by the SEC’s Office of Investor Education and Advocacy and the Office of Customer Education and Outreach at t...

  • Version 1.1.4 Gives Wasabi Wallet a Boost in Privacy, Security and UX

    Wasabi Wallet has released version 1.1.4 of its privacy-focused wallet and the latest upgrade comes with security-bolstering features, improved performance and a curiously named — but definitely useful — new “Lurking Wife Mode.”Proudly advertised as the wallet that lets users “reclaim [their] privacy,” the Wasabi desktop wallet is indeed a favorite of bitcoiners who want to obscure their transactions and make their coins more fungible (i.e., indistinguisha...

  • bitFlyer Conducts European Study of Consumer Crypto Confidence

    On April 24, 2019, Japanese crypto and blockchain company bitFlyer released the results of a study assessing public confidence in crypto assets of 10,000 people across 10 European nations.bitFlyer shared the findings with Bitcoin Magazine, providing details around its methodology. The 10,000 respondents were selected from 10 pools of 1,000 people from each participating nation: Belgium, Denmark, France, Germany, Italy, the Netherlands, Norway, Poland, Spain and the U....

  • New York Makes First Money Laundering Conviction Involving Cryptocurrency

    In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.According to an official announcement shared by the District Attorney’s office on April 24, 2019, Mark Sanchez and Callaway Crain have pleaded guilty to charges of money laundering through the sale of controlled substanc...

  • Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges

    North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.The research from the Royal United Services Institute (RUSI) finds that as North Korea continues to circumvent international sanctions, it’s turning its attention to cryptocurrencies such as bitcoin. Due to the proximity of Southeast Asia to North Korea, this makes it vulnerable to the nati...

  • Coinbase Closing Markets Office in Chicago

    According to a report from Fortune on April 23, 2019, the U.S.-based cryptocurrency exchange Coinbase will shut down its Chicago office.Coinbase will scale back plans for a high-frequency trade matching engine in development there, software that automatically matches trade bids to complete trades at a higher rate. The exchange will also lay off about 30 engineers and transfer others to its San Francisco office.An unnamed Coinbase spokesperson told Fortune that the clo...

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