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Crypto-Focused VCs Invest $30 Million in Digital Banking App

December 11th, 2018

Good Money, a digital banking startup, has announced it’s raised $30 million in Series A funding. The round was led by Galaxy Digital with investments from Breyer Capital, Blockchange Capital, Boost VC, Ken Howery, Blockchange Ventures, Cross Culture Ventures, Troy Carter, Mitch Kapor, Peter Diamandis, Blake Mycoskie, Justin Rosenstein, and others. Also Read: Law Professor:…

‘We’ll Be Right Back!’ – Signs Point to Exit Scam For Cryptocurrency Platform Cubits

December 11th, 2018

Users are venting frustration at UK-based cryptocurrency wallet and exchange Cubits after the service went offline following alleged payment delays. Cubits Website Disappears Overnight Cubits, the trading name of Dooga, a company formed in London in 2014, became involved in a legal battle over allegations it was hacked earlier this year, a court ruling in…

Bitcoin ETF Approval Chances Down to 10%, Says Legal Expert

December 11th, 2018

Following last week’s delay of the SEC to decide on whether to approve or not the proposed, commodity-backed bitcoin ETF proposal of VanEck and SolidX, legal expert Jake Chervinsky now says that there is a 10 percent chance of its approval. ‘I Think the ETF is in Trouble’ Jake Chervinsky, a legal expert who correctly…

‘Proof Of Keys’ Wants You to Get Your Bitcoin Off Exchanges on January 3

December 11th, 2018

Cryptocurrency investor and entrepreneur Trace Mayer plans to use the anniversary of the Bitcoin genesis block to make holders reclaim their private keys. Mayer To Bitcoin HODLers: Reclaim Sovereignty In a video introduction to the plan, which he dubbed ‘Proof of Keys,’ Mayer appealed to the Bitcoin community to remove all funds not under their…

Opinion: Stock Up On Canned Food (And Bitcoin)…World Wide Winter is Coming!

December 11th, 2018

Whilst we are battening down hatches, and wrapping ourselves up for protection against the present crypto-winter, remember one thing. All is far from perfect in fiat-land around the globe… and Bitcoin is currently quite the bargain as the stock market is looking shaky once again. First Stop – France Macron’s recent tax-hikes have seen Paris…

‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals

December 11th, 2018

BTC price crash may have been sparked by an ‘unusual’ uptick in miners selling to finance the BCH hash war, according to BitMEX Research. Meanwhile, other metrics reveal that the recent price decline is disproportional with BTC market fundamentals. BTC Price Crash and Bitcoin Cash Hash War A new study released by BitMEX Research outlines…

Venezuela and Argentina Are Buying the Dip, New Data Shows

December 10th, 2018

If you look at the latest activity on Localbitcoins, there has been a large spike in recent days from both Argentina and Venezuela buying bitcoins. Both these troubled Latin American countries have displayed a steady increase in buying cryptocurrency due to rising inflation and troubled economies. But is the sudden uptick evidence of the two…

Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

December 10th, 2018

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities…

Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near

December 10th, 2018

The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his…

Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

December 9th, 2018

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Clearly, bears are still running the show for BTC and the SEC’s  final postponement of a Bitcoin exchange-traded fund decision didn’t seem to help. Crypto-fanatics…