If Bitcoin Hits This Key Level, It’s Going to Make a Run for $40K: Tom Lee

By CCN Markets: The bitcoin price might have slipped below $8,000 for now, but it could be headed much higher in the near future. Fundstrat Global Advisors Co-Founder Thomas Lee is willing to put it on the line for bitcoin once again, making an aggressive short-term prediction on where the cryptocurrency could be trading if it can capture enough momentum. In an interview with Binance CFO Wei Zhou, Lee laid out his bullish case. Lee and Zhou agree that once bitcoin regains the $10,000 level, it will be “fast and…

Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7. In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development. The tweet also hinted that…

Life of Luxury: Fashion Turns to Blockchain

Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market. Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods. Luxury brands trial blockchain Although many products in the luxury goods market are renowned status symbols found in expensive city center stores the world over, the components of their products can originate in the most far-flung corners of the globe. The nature of globalized…

Crypto Analytics Firm Coin Metrics Acquires Bletchley Indexes

Cryptocurrency analytics company Coin Metrics announced that it has acquired digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes. The announcement was made in a blog post published on June 7. Per the announcement, the acquired company will be rebranded to Coin Metrics Bletchley Indexes (CMBI). The newly acquired firm — following the relaunch — “will leverage Coin Metrics’ on-chain and market data expertise to expand the family of indexes to include such smart beta indexes based on key network metrics.” Furthermore, all of Bletchley’s…

Is It A Case Of Murphy’s Law For BTC Supporters?

Bitcoin drop 7.4 percent Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers. Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly. Such punitive steps often trigger rebellion in a Streisand effect, popularizing Bitcoin and cryptocurrencies. All in all, BTC is down 7.4 percent from last week’s close. Bitcoin Price Analysis Fundamentals The prospect of another “private currency” surpassing government issued fiat is a nightmare for central…

XRP Down 7.5%, Prices Could Freeze Because Of Ripple’s Goals

XRP falls 7.5 percent week-to-date Ripple game plan demands stable prices Behind Ripple is a drive to change the status quo. Their goal is to dislodge SWIFT and improve livelihoods through cheaper transactions with XRP as a tool. Therefore, it means XRP must be affordable, pouring cold water on the $579 talk. At the time of writing, XRP is down 4.5 percent. Ripple Price Analysis Fundamentals It promises to be another display. An extravaganza where innovation shapes the sphere, ten years after Bitcoin became a breather. Bitcoin is, well, fair.…

Dutch Billionaire Yet Another Victim of Deceptive Crypto Ads, Sues Facebook

Earlier this week, Dutch billionaire John De Mol launched a lawsuit against Facebook over crypto ads using his image without permission. De Mol claims that consumers have lost as much as 1.7 million euros (over $1.9 million) due to the ads, and his reputation was damaged as a result. It is not the first time the California-based media giant is being sued over fake bitcoin ads — and, despite Facebook’s efforts to eliminate the problem, it seems that the issue persists. Brief introduction to Facebook’s relationship with crypto ads In…

How to Wheel & Deal Like a Crypto Whale

By CCN: The crypto newswire went berserk after a research firm published a blockbuster report revealing deep-pocketed “whales” had jumped into the BTC market at the end of 2018 to take advantage of the bitcoin price dump. At that time, bitcoin had fallen 85 percent from its high. The whales knew precisely what they were doing. They are the smart money, and you don’t want to be the dumb money. So how can you trade bitcoin like a whale? There are two secrets. Secret #1: Use This Simple Trick From a…

How Blockchain Voting Is Supposed to Work (But In Practice Rarely Does)

Blockchain-based voting has long been looked at as a use case for the technology – but as with any nascent application, there are bumps along the way. In more recent times, the use of on-chain votes has been positioned as a way to avoid acrimonious debates over governance and, in more extreme, cases, network splits like those seen in the bitcoin and ethereum ecosystems the past few years. The idea is that token-holders, by right of their ownership, have a say in the fortunes of a particular network’s technological progress.…

Binance Drive For Crypto Dominance Is Massive For BNB, Adds 1.8%

BNB up 1.8 percent Changpeng Zhao and the team to launch a Stablecoin Ambitious, Binance wants to conquer the crypto world. There is a Launch Pad for crowdfunding, is active and now plans of launching a Stablecoin are in progress. While at it, BNB is rebuffing sellers, adding 1.8 percent in 24 hours. Binance Coin Price Analysis Fundamentals Vitalik Buterin is concerned. It’s not about Ethereum or what regulators think of ICOs. The muzzle is on Binance and their role in the crypto ecosystem. In two short years, Binance has…