Crypto Theft Could Hit $1.2 Billion in 2019, Says Cipher Trace

Crypto theft has greatly reduced this year compared to last year as regulators continue to enhance their scrutiny and the enforcement of anti-money laundering controls. Crypto Theft Could Hit $1 billion Mark Despite being $500 million less than last year, crypto theft could still go well beyond a billion dollars by the end of this year. A quarterly report released on May 1 by Cipher Trace indicates that investigatory specialists had found that over $356 million worth of crypto had been stolen in Q1 2019. The amount stolen includes the CoineBene…

Mega-Banks Joining Ripple Despite XRP Sell-Pressure

Ripple (XRP) prices find support at 30 cents SABB launches Instant Cross-Border Transfer Service With the facilitation of SAMA, the primary regulator in the Kingdom of Saudi Arabia, SABB, is part of the growing RippleNet family after launching Instant Cross-Border Transfer Service that will use XRP. Meanwhile, Ripple (XRP) prices are ranging with support at 30 cents. Ripple Price Analysis Fundamentals The traditional global finance network is rigid. Despite what it offers—and the acknowledgment that it has been steadying world economy thanks to SWIFT and globalization, it has been 43…

Billion-Dollar Amazon Endorsement, But Why is Ethereum (ETH) Flat?

Ethereum (ETH) prices down 3.5 percent After Elon Musk tweet, Amazon announces a tool that scale blockchains Amazon now has an Amazon Managed Blockchain tool that businesses can use to create and manage scalable blockchain networks. It is an endorsement of blockchain, a day after Vitalik replied to Elon, listing opportunities that the platform can execute. Overly, this is bullish for Ethereum (ETH), and resulting demand may help lift prices above $190. Ethereum Price Analysis Fundamentals The blockchain community expects a lot from Ethereum, the pioneer smart contracting platform—and rightly…

Bitcoin’s Future is Shining but BTC Bulls under Liquidation Pressure

Bitcoin (BTC) stable above $5,000 Adoption will drive BTC prices higher For mainstream adoption of digital assets, there must be utility. Bitcoin as a peer-to-peer cash system is useful with a secure network that is censorship resistance and immune to politics. With increasing use fueled with next year’s halving, Bitcoin (BTC) is likely to expand. Bitcoin Price Analysis Fundamentals Bitcoin adoption is all about the number of individuals willing to ditch fiat and hold BTC. To satisfactorily gauge how many do, analysts track active Bitcoin addresses. Good news is, despite…

Bitcoin Has Stronger Bullish Potential than Altcoins, Here’s Why

The bitcoin market’s bullish bias is looking stronger than other altcoins, according to Josh Rager. The cryptocurrency analyst said Wednesday that bitcoin was among the only crypto assets that managed to jump above a significant resistance level on monthly charts. In contrast, other top crypto assets including Litecoin, Ethereum, and EOS failed to close above a similar level in their respective markets, as shown below. Bitcoin Price Closing Above a Key Resistive Junction | Source: Josh Rager, Twitter Historical Significance Rager considered $4769.03 as a significant resistance level for bitcoin.…

Binance’s Compliance Drive Continues With New Elliptic Partnership

Cryptocurrency exchange Binance is continuing to ramp up its regulatory compliance efforts. The exchange has just partnered with blockchain analytics startup Elliptic to boost its compliance and security capabilities, Elliptic announced Thursday. The new partnership – the third relating to compliance in the last two months – will help Binance combat money laundering as it grows into new jurisdictions, the exchange’s chief compliance officer Samuel Lim said. Elliptic’s software helps identify potential transactions linked to illicit activities such as money laundering and terrorist financing, and is claimed to have monitored risks…

Diamond Standard Launches Blockchain-Powered Token Backed by Real Gems

As a store of value, diamonds have their advantages over gold. They’re small, portable, and easy to grade. But, even though they pack in more value per ounce, diamonds are much harder to standardize into a form of exchange. Now a company called Diamond Standard believes it has solved that problem by combining a hardware solution with a blockchain twist. How does it work? Gold is often traded in standardized “bars.” Diamond Standard is aiming to do the same with diamonds. Diamond Standard sells sets of diamonds in coin-sized discs or…

Blockchain Will Revolutionize 300 Years of Stock Trading: London Stock Exchange

By CCN.com: The London Stock Exchange (LSE) is weighing the benefits of using blockchain technology for issuing stock and settling trades. In an interview with CNBC, the LSE chief executive Nikhil Rathi said he was inspired by early blockchain initiatives at other stock exchanges, and sees the benefit of distributed ledger technology: “You can certainly see distributed ledger technology having an application in the issuance process… I can see that technology being used in settlement too.” LSE, the world’s sixth-largest stock exchange, has been surprisingly open to blockchain technology. Earlier…

Blockchain Hype Turns to Mainstream Adoption in Billion-Dollar Corporations

By CCN.com: Forty percent of senior finance executives expect their firms to invest in blockchain technology over the next two years, according to a recent survey by audit firm Grant Thornton LLP. That’s in addition to the 22 percent who report their firms have already implemented the technology. This marks a dramatic change from only a year ago, when blockchain was more talked about than practiced, according to Chris Stephenson, Business Consulting principal at Grant Thornton LLP and author of the report. In its 2019 CFO Survey, Grant Thornton along…

Bitcoin (BTC) Price Looks Primed For Further Gains

Bitcoin price traded above the $5,300 resistance and tested $5,360 against the US Dollar. The price is currently trading with a bullish bias above the $5,280 and $5,250 supports. There are two bullish trend lines formed with support near $5,320 and $5,280 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on dips and it could continue to climb towards the $5,400 and $5,450 levels. Bitcoin price is slowly grinding higher towards $5,450 against the US Dollar. BTC remains in an uptrend and…