Billionaire Investor Alan Howard’s Firm to Launch $1bn Crypto Fund

A firm backed by billionaire investor Alan Howard is planning to start a crypto fund worth a billion dollars. Financial Times reported that London-based Elwood Asset Management is working on a venture that would design cryptocurrency portfolios for institutional investors. The financial news service cited Elwood’s chief executive Bin Ren who said their platform would …

3 Simple Reasons NOT to Buy the Bitcoin Dip – CCN Markets

Cutting through the squiggly lines of technical analysis, here are three very simple reasons why you should NOT be buying any Bitcoin in the short term. | Source: Shutterstock Bitcoin’s recent drop below $10,000 split an already fractured cryptocurrency community into two distinct camps. On one side are the optimists who believe Bitcoin’s drop to …

Celebrating a Pioneer, Bitcoiners Will #RunForHalFin

On August 28, 2014, cypherpunk and Bitcoin pioneer Hal Finney passed away due to complications with amyotrophic lateral sclerosis (ALS), which he had been fighting for nearly five years.  Prior to being diagnosed, the recipient of the first bitcoin transaction was an avid runner who never shied away from expressing his hobby on Twitter, even …

China’s State-Backed Cryptocurrency: ‘Gaining Momentum’ Or ‘Inaccurate Speculation’?

China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. Then yesterday, it published an article suggesting that plans are gaining momentum, with a pilot-scheme in Shenzhen imminent. …

Altcoins Plummet Amid 5% Bitcoin Drop: BTC Dominance at 70%

Yikes. Bitcoin (BTC) hasn’t been doing too well as of late. But altcoins, unfortunately, have been doing worse. Related Reading: Bitcoin Plunge Through $9,600 Liquidates $144 Million in BitMEX Longs On Wednesday morning, the victors of the latest tug-of-war between bulls and bears were decided. Within a few minutes’ time, the Bitcoin price shed some …

Ethereum is a Technological Dead End, Says Samson Mow

Controversial bitcoin maximalist Samson Mow described Ethereum as “a technological dead-end” after the digital ledger project ran out of capacity.  Ethereum Struggles With Congestion Again The network utilization of Ether, Ethereum’s native asset, soared above 90 percent, according to data provided by Etherscan.io. The surge, according to Ethereum co-founder Vitalik Buterin, could prompt transactions costs …

Bitcoin Scam Impersonates Kiwi Celebrity to Pump Get-Rich-Quick Scheme – CCN Markets

New Zealand radio and television personality Duncan Garner rebuked fraudsters for using his likeness to lure victims into a lucrative Bitcoin investment scam. According to Newshub, the broadcaster has been forced to publicly denounce the social media schemes, which use his image to dupe Kiwis into putting their money in cryptocurrencies. Speaking on his morning …

Bitcoin (BTC) Price Poised For Continued Weakness

Bitcoin price struggled to gain above $10,500 and declined below $10,300 against the US Dollar. The price is currently trading in a bearish zone below the $10,350 and $10,500 resistances. There is a rising channel or a bearish flag forming with support near $10,040 on the hourly chart of the BTC/USD pair (data feed from …

Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes

If blockchain analysis firm Chainalysis is right, only a small fraction of coins sent to and from bitcoin mixers are used for illicit purposes.  In a recent webinar titled “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains,” the blockchain analytics firm suggested that users of mixing services mostly leverage the option …