IBM Crypto Chief Sets Massive Bitcoin Price Target

IBM VP of Blockchain and Digital Currencies Jesse Lund is bullish on Bitcoin – so bullish, in fact, that he set a long-term $1 million price target. Bitcoin Price Has Million-Dollar Potential Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset, the more utility it has. Therefore, he thinks people should focus less on the moving prices of crypto assets and more on their utility. “If the price…

QuadrigaCX Sends All Its Ether and Bitcoin to Ernst & Young Auditor

When QuadrigaCX’s founder Gerald Cotten died last month, he took the private keys to Quadriga’s cold storage wallets with him. The founder and CEO died from Crohn’s disease in December 2018. He was the only individual to know the private keys that could access $136 million USD in cryptocurrencies stored offline. QuadrigaCX Creditor Protection After the fact, the exchange was granted creditor protection by The Supreme Court of Nova Scotia. This meant it could take some time to try and recover the missing cryptocurrencies. It was also going to try to recoup…

‘Samsung Blockchain Wallet’ Tutors You to Store Your Bitcoin, Ethereum

The phrase “crypto wallet” has not been used during the launch of the Samsung Galaxy S10 and Fold at the electronics giant’s high-profile presentation in San Francisco on February 20. Instead, the company pushed the product as a private crypto key storage and an all-in-one blockchain platform called Knox, confusing some users on the core applications of the feature. The official Samsung Galaxy S10 blockchain tutorial on the device shared by Heslin Kim, a cryptocurrency analyst based in South Korea, shows a native cryptocurrency wallet as a part of Knox…

Accepting Crypto | Interviewing ERA Timepieces CEO Michael Galarza

ERA Timepieces (www.eratimepieces.com) is a new luxury watch company that has taken haute horlogerie complications and made them accessible to the common man. And with various forms of cryptocurrency now spreading globally, Michael and his team have begun accepting forms of it as payment, making his company the first ever to receive two different types (Bitcoin and Ethereum) for the sale of a watch. We sat down with Michael to learn more about his thoughts on crypto, his upcoming timepieces, and if he thinks more retailers in his industry along…

SEC and CFTC May Combine Efforts to Regulate Cryptocurrencies

Bitcoin ETFs are a hot topic with the US regulators. The Securities and Exchange Commission, in particular, has been expected to approve some of the applications for some time now, but it looks like they are trying to avoid it at all costs. Furthermore, most of the applications have been either denied or completely ignored without even the slightest hint of feedback. The applications are long overdue, and the applicants are starting to become restless. However, the SEC had a ‘meeting’ with the other US regulator called the CFTC (Commodity…

How to Beat Trading Losses in a Cryptocurrency Market Slump

Losing money is painful, and since it can disrupt your way of life, many people try to avoid it. As volatile as the crypto market is, losses can be inevitable, but you can master the market. The reality of financial markets is that there will always be highs and lows, just like other segments of life. Amid the lingering bear market that cryptocurrencies have languished in for several months now, some nuggets can help. For many people who entered the trading scene at the onset of the price slump, finding a…

Coinbase Wallet Expanding with New Support for Bitcoin Cash

The US’s biggest cryptocurrency exchange and wallet provider, Coinbase, announced earlier that it now has added support for Bitcoin Cash to its Coinbase Wallet. The company made the announcement in a press release published yesterday. Coinbase Wallet Adds Support for Bitcoin Cash According to the Coinbase Wallet, the new update is set to roll out in a few weeks: “The new Wallet update with Bitcoin Cash support will roll out to all users on iOS and Android over the next few weeks.” Coinbase Wallet The Coinbase Wallet is an upgraded…

Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer

The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC. As a result, the regulator has been gracious enough to opt not to impose additional financial penalties on Gladius. The catch? Gladius has to offer refunds on all ICO tokens. Gladius Reports Itself to the SEC The settlement is similar to the agreement NEO reached with Chinese…

Bloomberg Reports JP Morgan’s Fake Crypto is Boosting Bitcoin’s Price

Bloomberg is outrageously reporting that the launch of JP Morgan’s new cryptocurrency is boosting bitcoin prices. It reveals an epic lack of understanding on the part of mainstream media and the financial industry at large. And it’s a disservice to those who rely on traditional financial media for trusted information. Bitcoin is getting a delayed boost from the announcement that JPMorgan has developed a digital coin to speed up payments between corporate customers 📈 https://t.co/L9eQ5YBxZ2 pic.twitter.com/mAvqXj8ZQe — Bloomberg Crypto (@crypto) February 19, 2019 The story credits weak analysis from Etoro…

Bitcoin Price to Explode at $4,200, Analyst: Bottom Reached

In the past 48 hours, the valuation of the crypto market increased by $13 billion as Bitcoin moved rapidly from $3,600 to $3,900 by 10 percent. Traders are expecting a near-term pullback following a strong movement in the cryptocurrency market. The overall cryptocurrency market cap is continuing to make robust gains. Source: Coinmarketcap.com But, economist and analyst Alex Krüger foresees the Bitcoin price surging fast beyond key resistance levels if the dominant cryptocurrency is able to break out of the crucial $4,200 mark in the weeks to come. The time…