Winklevoss Reach Settlement With Charlie Shrem

 Winklevoss Twins Reach Settlement With Charlie Shrem
Winklevoss Twins Reach Settlement With Charlie Shrem

The Winklevoss twins reached a settlement with Charlie Shrem on April 16, 2019, declaring that their case against him has been dismissed with prejudice and will not be reopened.

The twins, who founded the Gemini cryptocurrency exchange, originally sued Shrem, the founder of early bitcoin company BitInstant, in November 2018, alleging that Shrem stole 5,000 bitcoin from the pair in 2012. They asserted that Shrem agreed to build a stockpile of cryptocurrency for them at their expense but then came up short by nearly $60,000 in bitcoin at the contemporary market rate, keeping this portion of the hoard secret until its worth grew to the tens of millions of dollars.

As the...


Quick and Easy Way to Multiply Your Portfolio (and Protect it) with Crypto Lending

The moment the crypto community has been waiting for has finally arrived, (for now). Out of nowhere, Bitcoin has demolished resistance levels and the crypto market is showing bullish signals. In times like these, your portfolio will multiply by itself, but if you really want the most out of this bull run, let’s see how crypto lending can help. Alternatively, we’ll show you a few tips to hedge your portfolio in case this “pump” becomes a “dump.”

HOW TO BUY MORE CRYPTO FAST IN A BULL MARKET: YOUHODLER

In both bullish and bearish markets, time is an important factor. Depositing fiat money from a bank to crypto exchange can take too long. To really capitalize on market movements, you need cash and you need it quick. YouHodler’s FinTech platform offers a lightning-fast solution for crypto lending users. After signing up and passing a quick KYC procedure, users can put up their crypto as collateral (BTC, BCH, BSV, ETH, LTC, XRP, and XLM) and receive a cash loan in minutes.

HOW TO MULTIPLY YOUR CRYPTO IN A BULL MARKET

Let’s use an example. You have 100 LTC and you want to use that as collateral for a cash loan. In exchange, you get around $5,000 without having to sell your LTC assets. If the market is bullish like it is now, you can use this loan to buy more LTC, effectively multiplying your holdings. If the market keeps growing, the gains...


Bitcoinexchangeguide.com: Crypto Analysis Company Mainbloq Launches New Algorithm To Automate Trading Activities


Brian Kelly Reveals Just How High This Bitcoin Rally Will Go

brian kelly, bitcoin price
Hedge funder Brian Kelly says the bitcoin price could break as high as $6,500 during the present run. | Source: CNBC/YouTube

The crypto bulls are out in full force, and price predictions are back. Crypto trader Brian Kelly has consistently stuck up for bitcoin, even during the market downturn. Now BTC is returning the favor with today’s double-digit percentage rally. Kelly has taken his cue, telling CNBC that the $6,000 to $6,500 range is the new resistance and that’s exactly where the bitcoin price is headed:

“Probably a reasonable target is close to $6,000 for this move.”

Based on fundamentals, bitcoin could rise as high as the $6,500 to $6,800 range before there’s even a hint of it being overvalued in the current cycle. Kelly believes that at the very least, the market has begun to put in a bottom based on historical patterns. He points to a shift in sentiment, one that includes institutions and one that is being fueled by a trifecta across fundamentals, technical signals, and quantitative analysis that his firm BKCM performs.

Bitcoin is blossoming this spring! @BKBrianKelly weighs in on what’s behind today’s 15% move pic.twitter.com/t7sWLycc7r

— CNBC Futures Now (@CNBCFuturesNow) April 2, 2019

Bitcoin ETF Rumors Percolate

It’s important to note that much of the gains in the bitcoin price appear to be being fueled by the technical signals, both...


Bitcoin’s Rally Caused This Nasdaq Stock to Surge 20%

bitcoin, nasdaq, riot blockchain
Bitcoin's mammoth Tuesday rally was mirrored by a Nasdaq-listed blockchain stock. | Source: Shutterstock

As Bitcoin’s sudden rally higher captures the world’s attention, it is not only the cryptocurrency investment that is racing back into the light. Any company associated with BTC is experiencing a green day, and naturally, Riot Blockchain (RIOT) is no exception. Despite fading a lot of its daily gains, the crypto mining outfit is still up more than 20%, outperforming most cryptocurrencies.

Riot Blockchain Lives and Dies With the Bitcoin Price

riot blockchain, bitcoin price
Riot Blockchain popped more than 20% in response to the crypto market’s similar surge. | Source: Yahoo Finance

Most articles in the mainstream financial media are pushing the “no-one knows” line about the rally in the Bitcoin Price. Anyone who read this article on CCN yesterday knows that BTC/USD was on the verge of breaking a significant technical level. In an illiquid market where everyone is watching momentum and price action way more than they look at fundamentals, a mass of trend following orders would naturally spike the market aggressively.

Understanding what would cause appetite for Riot Blockchain to surge higher is even more straightforward. They...


Overstock’s tZERO Exchange to Launch Bitcoin Trading App This June

Overstock’s security token platform tZERO is going full crypto.

Until now, security tokens had been the startup’s priority, but this summer, tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether, CEO Saum Noursalehi told CoinDesk Thursday.

The app for IOS and Android devices is scheduled to launch in June and is being developed by Bitsy — a crypto startup in the portfolio of Overstock’s venture arm Medici Ventures.

“That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app,” Noursalehi told CoinDesk, adding:

“They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login.”

The app, he added, will allow users to hold custody of their crypto without relying on a third party, and will plug into a network of exchanges through tZERO’s partner, institutional trading platform SFox.

tZERO’s app will connect to SFox’s network of exchanges via its...


The Cryptocurrency Volume Plague Could Actually Raise Odds of Bitcoin ETF Approval

bitcoin etf
Ironically, the fake crypto trading volume plague could increase the chances of the SEC approving a bitcoin ETF. | Source: Shutterstock

In March 2017, the U.S. Securities and Exchange Commission (SEC) denied the first ever bitcoin exchange-traded fund (ETF) proposal.

Since then, many bitcoin ETF applications have been filed by nearly ten companies, and many of them have been rejected by the SEC for similar reasons.

This week, in a presentation to the SEC, Bitwise revealed that the overwhelming majority of the trading volume in the bitcoin exchange market is fake and that a substantially large portion of the global bitcoin volume comes from the United States.

Ironically, the fake volume plague in the cryptocurrency exchange market may increase the probability of a bitcoin ETF approval.

The Fake Crypto Volume Paradox

bitcoin etf
Since most crypto volume is fake, regulated U.S. exchanges account for a much larger slice of the global bitcoin pie. | Source: Shutterstock

Two years ago, when the SEC rejected the first bitcoin ETF proposal filed in the U.S., the commission emphasized three factors:

  1. Vulnerability to manipulation
  2. Lack of regulations in overseas markets
  3. Lack of surveillance

“The Commission believes that, in order to meet this standard, an exchange that lists and trades shares of commodity-trust exchange-traded products (“ETPs”) must, in addition to other applicable requirements, satisfy two requirements that are dispositive in this matter. First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated,” the SEC said at the time.

In the past two years, major overseas cryptocurrency markets in the likes of...


CoinMarketCap to Revamp Listing Metrics After Fake Volume Research

CoinMarketCap Will Alter Listing Metrics After Latest Fake Volume Research

Cryptocurrency market data resource CoinMarketCap (CMC) has promised to rearrange how it ranks member exchanges after research found overwhelming evidence of fake volume. The company confirmed the upcoming changes on social media on March 25.

CMC is arguably the industry’s best-known tracking service for the market cap of Bitcoin (BTC) and altcoins, as well as for the activity on exchanges trading them.

However, last week, research from cryptocurrency index fund provider Bitwise claimed that CMC hosts almost entirely fake volume statistics. This in turn deceives investors and inflates the profile of affected coins, Bitwise explained in the report.

Now, CMC has appeared to heed the warnings represented in the research, which Bitwise sent to United States regulators for consideration...


Silvergate ‘Bitcoin Bank’ crypto client base climbed 122% in 2018

silvergate bank, bitcoin
Silvergate, nicknamed the "bitcoin bank," says its crypto client base surged 122% in 2018. | Source: Shutterstock

Silvergate Bank, which bills itself as the “leading provider of innovative financial infrastructure solutions and services to participants in the digital currency industry,” has disclosed in a preliminary prospectus filed with the U.S. Securities and Exchange Commission that despite the bearish conditions in the bitcoin market, its number of crypto industry clients surged in 2018.

Silvergate Crypto Client Deposits Rise to $1.58 Billion

By the end of last year, Silvergate revealed that it had 542 cryptocurrency-related customers. This was an increase of 122.1 percent from 2017 when the total number of customers was 244, per the prospectus. Total deposits also increased approximately by 8 percent from $1.46 billion to $1.58 billion.

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Silvergate bank, bitcoin
Silvergate Bank’s deposits and customer growth over time | Source: Silvergate Capital

Additionally, Silvergate disclosed that it was also in the process of onboarding some 232 customers.

Key Clients? Bitcoin Exchanges and Institutional Investors

Among its most notable customers, digital currency...


Industry sees crypto bottom as Bitcoin nears $4,100 and tokens gain 20%

Bitcoin, bitcoin price
Bitcoin price remains trading above $4,000 and could be looking at a new normal. above the milestone.| Source: Shutterstock

The valuation of the crypto market rose by $1.5 billion overnight as the bitcoin price closed on $4,100 and a handful of tokens recorded gains in the range of 10 percent to 25 percent.

Based on the global average price of bitcoin as shown on Coinmarketcap.com, the bitcoin price has remained above the $4,000 resistance level for more than seven days.

7-Day Bitcoin Price Chart (Source: Coinmarketcap.com)

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Throughout the past several months, many traders expressed their concerns over the inability of bitcoin to break out of crucial resistance levels and if the dominant cryptocurrency can continue to move past $4,000, the sentiment around the market is expected to improve.

Is the Bitcoin Bottom In? Too Early to Tell But Industry Execs Believe So

Earlier this week, reports suggested that some analysts still foresee the bitcoin price testing its previous low in the $3,122 to $3,500 range before initiating a proper accumulation phase in the upcoming months.

The cautious optimism towards the price trend of bitcoin comes from its performance since September 2018. Since mid last year, bitcoin has shown a pattern of experiencing several months of stability and becoming vulnerable to a large drop thereafter.

Bitcoin could avoid a large retrace to the $3,500 region if it can continue to climb up in the $4,000 and $5,000 range and a growing number of traders have begun to forecast a gradual climb to key resistance levels.

— C3P0 [Wookiemood] (@__BTC3P0__) March 20, 2019

Anthony Pompliano, the co-founder and general partner...